Peter Thiel, co-founder of Paypal and an early institutional investor in Facebook, is taking a stake in in Cologne based Fintech startup nextmarkets GmbH. nextmarkets, which was jointly launched by the founders and FinLab, obtained a seven-figure sum during this investment round, which will be used to finance further growth. Alongside Peter Thiel and FinLab…
Read moreThe European Securities and Markets Authority (ESMA) has fined Fitch Ratings Limited (Fitch) €1.38 million for a series of negligent breaches of the Credit Rating Agencies (CRA) Regulation and has published the Decision of the ESMA Board of Supervisors and a Public Notice in relation to this action. ESMA has found certain senior analysts in…
Read moreHong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
Read moreThe Ontario Securities Commission (OSC) has published OSC Staff Notice 33-747 Annual Summary Report for Dealers, Advisers and Investment Fund Managers. The report describes initiatives undertaken by the OSC’s Compliance and Registrant Regulation Branch in the 2015-2016 fiscal year, including registration and compliance activities, policy initiatives and new programs. Debra Foubert, Director of Compliance and Registrant…
Read moreFiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology solutions, has announced the availability of a new tool, Grapevine6, to enable the delivery of relevant articles and digital content through the Wealth Management Network from Fiserv. This will allow financial advisors to grow their networks and build rapport with their clients by becoming a…
Read moreOTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, has announced First Security Inc. (OTCQX: FIIT), the holding company for First Security Bank, Inc., a Kentucky based banking corporation, has qualified to trade on the OTCQX® Best Market. First Security Inc. upgraded to OTCQX from the Pink® market. First…
Read moreHere's this month's commentary on S&P Dow Jones risk & volatility index dashboard: Calm has returned: VIX closed at 11.77, its lowest level for over a year. Along with VIX, nearly every volatility measure is down since our last report. The greatest falls were in short term U.S. equity volatility and in British pound sterling volatility.…
Read moreFirms operating dark pools have made significant progress in addressing the promotion and the management of conflicts of interest according to a new report from the Financial Conduct Authority (FCA) published today. Dark pools are trading venues with no-pre trade transparency where the price and volume of all orders are hidden and anonymous. The FCA…
Read moreRussian retail Forex broker Alpari (RU) has earlier today announced that from July 22, 2016 EURTRY and USDTRY currency pairs will be set to “Close Only” regime. On August 1, 2016 the open positions on these instruments will be closed and pending orders will be deleted. Alpari (RU) has asked all clients to consider these…
Read moreToday the UK Financial Conduct Authority put out details of the cloned firm MTA Trade Limited t/a MTA Trade UK. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. The clone firm are using or giving out the following details as part…
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