CLS launches same-day FX settlement service, J.P. Morgan and Goldman Sachs to try it first
July 21, 2017 BY Valentina Kirilova

CLS Group June average daily traded volume up 6% MoM

CLS Group, the market infrastructure provider of risk mitigation services to the global FX market today published its operating metrics for the month of June 2017. The average daily traded volume submitted to CLS was USD1.64 trillion up 6% from USD1.55 trillion in May 2017.   June 2016 May 2017 June 2017 Average daily traded…

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ESMA ceases renewal of product intervention CFDs measures
July 20, 2017 BY Valentina Kirilova

ESMA to cooperate with Indian regulators on CCPs

The European Securities and Markets Authority (ESMA) announced that has established a Memorandum of Understanding (MoU) with the Securities and Exchange Board of India (SEBI) under the European Markets Infrastructure Regulation (EMIR). The MoU establishes cooperation arrangements, including the exchange of information, regarding Central Counterparties (CCPs) which are established and authorised or recognised in India,…

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July 20, 2017 BY Valentina Kirilova

Nordic Capital divests payments company Bambora to Ingenico Group

Nordic Capital Fund VIII announced that has signed an agreement to divest global payment company Bambora to Ingenico Group (EPA:ING) for an Enterprise Value of approximately EUR 1.5 billion. Less than three years after its start-up, Bambora is now an industry innovator with a compelling position in the global payments industry. Nordic Capital and the management team…

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July 20, 2017 BY Valentina Kirilova

Toronto Stock Exchange reaches record number of ETFs

Toronto Stock Exchange (TSX) today announced that it has reached a significant milestone with 500 exchange traded funds (ETFs) listed. This number has more than doubled in the past five years, bringing the total market capitalization of listed ETFs to approximately $130 billion as of June 30, 2017. Reaching 500 ETFs is an incredible milestone…

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fca warning
July 20, 2017 BY Valentina Kirilova

FCA warns against UK Tech Protect Limited firm

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 UK Tech Protect Limited. UK Tech Protect Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying…

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July 20, 2017 BY Valentina Kirilova

ASIC consults on revised license regime for domestic and overseas market operators

ASIC announced that is consulting on proposals to refine and update ASIC’s regulatory guidance on the licensing regime for financial markets. Consultation Paper 293 Revising the market licence regime for domestic and overseas operators (CP 293) proposes introducing a two-tiered market licence regime, based on a risk-based assessment. The second tier of licence will be…

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Complete history of synthetic symbols added in MetaTrader 5
July 20, 2017 BY Valentina Kirilova

MetaQuotes adds custom financial instruments to MetaTrader 5

Forex trading platform developer MetaQuotes just announced that the recent version of the MetaTrader 5 HFT platform (build 1627) features custom financial instruments. With this new option, traders are able to add any symbol, configure its settings, import their price data to the symbol and view its chart. The upcoming platform versions will be able…

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CySEC settlement
July 20, 2017 BY Valentina Kirilova

CySEC revokes fines against former executive of CommexFX

Following a previous announcement, the Board of the Cyprus Securities and Exchange Commission (CySEC) just informed that, on its meeting dated 17 July 2017, has decided, for procedural reasons, to revoke its Decision of 13 February 2017 for the imposition of administrative sanctions to Mr. Amr Jamal Mohamed Hendawi and more specifically: for the imposition…

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July 20, 2017 BY Valentina Kirilova

SFC signs MoU with FCA on enhanced supervision of Cross-Border Regulated Entities

The Hong Kong Securities and Futures Commission (SFC) has entered into a memorandum of understanding (MoU) with the UK Financial Conduct Authority (FCA) providing for consultation, cooperation and exchange of information in connection with the supervision and oversight of regulated entities that operate on a cross-border basis in Hong Kong and the United Kingdom. The…

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