August 16, 2016 BY Valentina Kirilova

CMA sets out provisional concerns about ICE/Trayport merger

The Competition and Markets Authority (CMA) has provisionally found that ICE’s acquisition of Trayport may give rise to competition concerns. The operator of exchanges and clearinghouses in the trading of European utilities, Intercontinental Exchange, Inc. (ICE), has its own proprietary software which allows trading of energy commodity and utility derivatives on its exchanges. Trayport’s software…

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August 16, 2016 BY Valentina Kirilova

Phil Foweraker is the new business development manager of alternative lender FundX

Alternative lending fintech, FundX, has announced the appointment of a new Business Development Manager chosen specifically for his expertise in finance broking, in recognition of the growing importance of fintech lenders partnering with finance brokers. Phil Foweraker has spent over 15 years in finance covering all facets of funding, including at Westpac and NAB, however…

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August 16, 2016 BY Valentina Kirilova

SEC: Hedge fund manager charged in scheme involving terminally ill

The Securities and Exchange Commission (SEC) has announced fraud charges against a hedge fund manager and his firm accused of paying terminally ill individuals to use their names on purportedly joint brokerage accounts so he could purchase investments on behalf of his hedge fund and redeem them early by invoking a survivor’s option. An SEC examination of…

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August 16, 2016 BY Valentina Kirilova

Parsley Energy prices upsized offering of Class A common stock

Parsley Energy, Inc. (NYSE: PE) has announced that it has priced an underwritten, upsized public offering of 7,250,000 shares of Class A common stock for total gross proceeds (before underwriters' fees and estimated expenses) of approximately $243.2 million (the Equity Offering). The 7,250,000 million share offering represents a 250,000 share upsize to the originally proposed 7,000,000…

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August 16, 2016 BY Valentina Kirilova

Tradency and m-Finance to offer Chinese and Hong Kong brokers RoboX as a shared wallet

The Fintech company Tradency and the Forex/Bullion trading solutions provider in Asia, m-FINANCE, are forming a new cooperation. This cooperation provides m-FINANCE's brokers and financial institutions in mainland China and Hong Kong with Tradency's RoboX & Mirror Trader platforms. All traders of m-FINANCE brokers can now easily access RoboX & Mirror Trader via their existing user…

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August 15, 2016 BY Valentina Kirilova

FCA warns on Westminster Guarantee Protection (Trustees) Limited

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against Westminster Guarantee Protection (Trustees) Limited firm. The company is not authorised by the FCA but has been targeting people in the UK: Westminster Guarantee Protection (Trustees) Limited Address:…

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August 15, 2016 BY Valentina Kirilova

Alpari RU launches Alpari Options app for Android

Retail FX broker Alpari Limited has announced that the Alpari Options application is already available for smartphones using the Android operating system. Clients using iOS-based devices are already trading binary options 24/5 and now this opportunity has also been given to Android users. The application offers all the tools, strategies and timeframes that are in the Web version…

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August 15, 2016 BY Valentina Kirilova

OTC Clear launches clearing service for USD/CNH cross currency swaps

OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX) that provides clearing and settlement services for over-the-counter (OTC) derivative transactions, has announced the launch of its clearing service for cross currency swaps (CCS). OTC Clear is initially providing clearing for swaps in the USD/CNH (US Dollar/Offshore Renminbi, or…

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