March 23, 2017 BY Valentina Kirilova

New Chair of FCA’s Smaller Business Practitioner Panel announced

Just two days after appointing Nick Stace as a Non-Executive Director to its board, the Financial Conduct Authority Chairman, John Griffith-Jones, has announced the appointment of a new Chair for the FCA’s independent Smaller Business Practitioner Panel. Craig Errington, Group Chief Executive of specialist financial mutual Wesleyan, becomes Chair of the FCA Smaller Business Practitioner…

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March 23, 2017 BY Valentina Kirilova

FCA warns against 10 Markets.com

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 10 Markets.com. 10 Markets.com is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
March 23, 2017 BY Valentina Kirilova

SEC adopts T+2 Settlement Cycle for securities transactions

The Securities and Exchange Commission (SEC) adopted an amendment to shorten by one business day the standard settlement cycle for most broker-dealer securities transactions. Currently, the standard settlement cycle for these transactions is three business days, known as T+3. The amended rule shortens the settlement cycle to two business days, T+2. The amended rule is designed…

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Crude oil prices could bounce as Coronavirus panic settles
March 23, 2017 BY Valentina Kirilova

Oil prices recover from November lows

Oil prices bounced off from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production, as Reuters reported earlier today. Brent crude futures, the international benchmark for oil, were at $50.99 per barrel at 0621 GMT, up 0.7% from…

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March 23, 2017 BY Valentina Kirilova

ASIC accepts enforceable undertaking from Barclays entities

Yesterday, ASIC accepted an enforceable undertaking (EU) from three Barclays foreign financial service providers (FFSPs): Barclays Capital Inc. (BCI) domiciled in the United States of America Barclays Capital Asia Limited (BCAL) domiciled in Hong Kong, and Barclays Capital Securities Limited (BCSL) domiciled in the United Kingdom, collectively 'the Barclays entities.' As part of the terms…

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Warsaw Stock Exchange gpw
March 22, 2017 BY Valentina Kirilova

GPW extends fee reductions for market makers

The Warsaw Stock Exchange announced that extends the fee reduction for Market Makers of WIG20 futures until 30 September 2017. Under the promotion the exchange has reduced fees between 27% and 41% with respect to volume threshold reached by eligible entity. Volume thresholds are as follows: from 15 000 up to 35 000 contracts –…

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March 22, 2017 BY Valentina Kirilova

Alpari opens a new Mauritius office

Retail Forex broker Alpari Limited has opened an office at Maeva Tower, a modern business center in Ebene CyberCity in Mauritius. A favorable business climate, as well as Mauritius' focus on developing a competitive legal environment, has boosted activity in the macroeconomic area of Asia, the Indian Ocean, and East Africa. The opening of this…

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White River Bancshares Company begins trading on OTCQX
March 22, 2017 BY Valentina Kirilova

OTC Markets welcomes Neo Lithium to OTCQX

OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Neo Lithium Corp. (TSX-V: NLC; OTCQX: NTTHF), a junior natural resource company focused on lithium brine exploration, has qualified to trade on the OTCQX® Best Market. Neo Lithium upgraded to OTCQX from the Pink® market. Neo Lithium…

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