Copenhagen based multi asset broker Saxo Bank has just announced that it will close its office in Limassol, Cyprus. The office in Limassol has served as a hub for servicing clients in the CEE and MENA region. Clients will now be serviced from offices in Prague, Dubai and Copenhagen and will have access to the…
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Singapore Exchange (SGX) announced that will mandate all Mainboard IPO companies to allocate to retail investors, at least 5%, or S$50 million, whichever is lower, of their offer size. The introduction of the minimum IPO allocation is aimed at facilitating greater retail participation in Singapore’s equities market. The new rules on the minimum allocation are…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Loans 2 Go. 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 their tactics…
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The Autorité des marchés Financiers (AMF) just announced the new composition of the Financial Skills Certification Board. The mechanism for verifying the level of knowledge of employees of investment services providers relies on the services of the AMF and the Financial Skills Certification Board. The Certification Board is now under the chairmanship of Bernard Coupez.…
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Advanced Logic Analytics (ALA), a provider of enterprise wide big data and finance analytics solutions for buy- and sell-side institutions and other financial firms, just announced the release of its core big data analytics platform ALA OneLogic. ALA OneLogic was developed to provide advanced big data analytics capabilities for financial markets firms requiring powerful mining,…
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Börse Düsseldorf, the German exchange, has gone live with Scila Surveillance for real time market surveillance covering equities, funds and equity linked products (ETFs, ETNs). Scila Surveillance is a powerful and highly flexible solution developed and delivered by the independent trade surveillance technology solution provider Scila in Stockholm. Börse Düsseldorf will use our market surveillance…
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The Commission de Surveillance du Secteur Financier (CSSF) warned the public of the activities of an entity named Direkt Finanz AG. Direkt Finanz AG is operating at website: www.direktfinanz.net, claims to be established at 26, boulevard Royal, L-2449 Luxembourg and offers loans to the public. The CSSF informed the public that the entity named Direkt…
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Singapore Exchange (SGX) is consulting the public on proposed adjustments to the equities market structure aimed at addressing market conditions, while balancing the diverse objectives and interests of different segments of participants in the market ecosystem. The three proposed adjustments are: Increasing the minimum bid size for stocks and relevant securities trading in the S$1.00…
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There have been multiple reports of victims being cheated of their money by scammers operating on Chinese social media app WeChat, the Singapore Police Force (SPF) stated yesterday. More than $70,000 was lost by the victims in these cases. The scammers had promised to sell various items such as online gaming credits or foreign currency…
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Payment technologies company SafeCharge (LON:SCH) today announced that it has been selected by online travel agent (OTA) Anywayanyday to provide payment services. Anywayanyday shared that was looking to improve transparency and control around its payments, to better combat fraud and improve business efficiency. As part of the collaboration SafeCharge will be providing card acquiring, enhanced…
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