December 23, 2019 BY Valentina Kirilova

Blockchain leaders to tackle inefficiencies in the global FX market

Fnality and Finteum have announced last week that they have joined forces to deliver interoperability between the Finteum application, built on R3’s Corda platform, and Fnality’s Utility Settlement Coin (USC) solution, based on Ethereum. LeapRate reminds that Corda Network facilitates full interoperability between applications and businesses on Corda. This allows data used on one application to be shared…

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fca warning
December 23, 2019 BY Valentina Kirilova

UK FCA warns against several unauthorised companies

The UK Financial Conduct Authority (FCA) has put out details of several unregulated firms. The names of the latest additions to the regulator’s warning list are Star Finance and Ouroneclub. According to the regulator, the fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:…

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weekly markets analysis
December 23, 2019 BY Valentina Kirilova

Weekly data preview: Markets calm down as Christmas approaches

The following article was submitted by Michael Stark, market analyst at Exness.  This is a fairly slow week in economic data as expected with Christmas on Wednesday. So far this week we’ve had Thai balance of trade and Polish unemployment for November, neither of which produced much surprise. The main events are this afternoon, with the USA…

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Luxembourg Stock Exchange appoints Julie Becker as Deputy CEO
December 23, 2019 BY Valentina Kirilova

Luxembourg Stock Exchange appoints Julie Becker as Deputy CEO

Luxembourg Stock Exchange (LuxSE) has announced last week that it has appointed Julie Becker as Deputy CEO. Frank Wagener, Chairman of the Board of Directors of LuxSE, commented on the news: Julie Becker has brought a clear vision, new perspectives and drive to the exchange. Her contribution to the Luxembourg Stock Exchange over the past…

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hkex
December 20, 2019 BY Valentina Kirilova

Torstone Technology expands in Hong Kong, introduces risk management platform RiskMine

Torstone Technology, a provider of post-trade securities and derivatives processing technology, has announced earlier this week a number of senior hires and the expansion of its Hong Kong office. Several senior appointments have been made across Professional Services, Client Support and Sales function. Simon Tang joins Torstone as the Head of Professional Services APJ. LeapRate…

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techfinancials
December 20, 2019 BY Valentina Kirilova

TechFinancials to remain listed only on NEX

Fintech software provider of financial solutions TechFinancials Inc (LON:TECH) announced earlier this month that it is about to cancel the admission of the Ordinary Shares to trading on AIM and remain listed only on NEX. TechFinancials has taken the decision to make substantial adjustments to its operating structure and cost base while seeking to develop its newer…

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Regulation
December 20, 2019 BY Valentina Kirilova

ESMA admonished CySEC as ‘Partially Compliant’ with new reporting rules

The European Securities and Markets Authority (ESMA) recently conducted a peer review of compliance by the national oversight authorities of thirty member states with new rules regarding suspicious transaction detection and reporting. These rules have been in force since 2017. Eight member organizations were rated as “Partially Compliant”, its lowest category. CySEC, which has spent…

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