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 the firm Loan Store Limited. Loan Store Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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On 24 July 2017 Russian companies not qualified as credit institutions or professional market participants became eligible to operate on Moscow Exchange's Money Market on the same terms as banks and brokerage firms, MOEX announced earlier today. Corporates can now place deposits with the central counterparty (CCP) at the repo market rates. NCC Clearing Bank,…
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The Securities and Exchange Commission (SEC) has announced that Bryan Wood has been named Director of the agency's Office of Legislative and Intergovernmental Affairs. Mr. Wood will advise the Chairman, Commissioners, and SEC staff on legislative matters, provide technical assistance on securities-related legislation to congressional committees and staff, assist in preparing SEC testimony for congressional…
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Swiss interdealer broker Compagnie Financière Tradition (SWX:CFT) has reported first-half consolidated revenue of CHF 411.4m, compared with CHF 425.2m in the same period in 2016, a decrease of 0.6% at constant exchange rates. In current currencies, the reported revenue remains impacted by the weakness of pound sterling following the vote on Brexit, down 3.3% compared…
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Financial Choice Pty Ltd, an Australian financial services provider, has paid two ASIC infringement notice penalties totalling $21,600, after making misleading representations in marketing emails sent to consumers and on its website. The first infringement notice related to a representation made by Financial Choice in bulk emails the company sent to around 215,000 consumers in…
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The U.S. Commodity Futures Trading Commission (CFTC) has announced that has issued an order granting LedgerX, LLC registration as a derivatives clearing organization under the Commodity Exchange Act (CEA). Under the order, LedgerX will be authorized to provide clearing services for fully-collateralized digital currency swaps. LedgerX, which was also granted an order of registration as…
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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 the firm Cash Financers. Cash Financers is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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The Expert Council for the prices of National Settlement Depository (NSD), Russia’s central securities depository, announced that has unanimously approved and recommended that the new methodology for calculating the value of ruble-denominated bonds be implemented. The new methodology is based on the newest concepts for assessing financial instruments with fixed income. The methodology was developed…
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SIX Swiss Exchange announced that has successfully completed the upgrade of its X-stream INET trading platform. Thanks to the upgrade, 99.9% of orders submitted will receive a response within 29 microseconds. Active stock exchange trading will therefore become more reliable for participants, especially in markets featuring exceptionally high volatility, as they will have precise information…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm E Money Limited/Evolution Money Limited. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of…
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