March 06, 2017 BY Valentina Kirilova

HotForex upgrades its myHotForex Client Area

Forex and commodities broker, HotForex, just announced that has launched the new design of its myHotForex Client Area. HotForex aims to smoothen its traders’ and affiliates’ experience when managing their accounts, making deposits or withdrawals. The new myHotForex area includes: responsive and user-friendly design extra convenient navigation straightforward access to key information fine-tuned functionalities, ease…

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March 06, 2017 BY Valentina Kirilova

Deutsche Börse taps the US commodity market

The commodity arm of Deutsche Börse Group, European Energy Exchange (EEX), announced that has reached an agreement in principle with the shareholders of Nodal Exchange Holdings, LLC – a US regulated futures exchange, headquartered in Virginia – on the purchase of all shares. Therewith Nodal Exchange will become part of Deutsche Börse Group. The acquisition…

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March 06, 2017 BY Valentina Kirilova

FCA publishes Insurance Distribution Directive consultation

The Financial Conduct Authority (FCA) has today published the first of its two consultation papers on the implementation of the Insurance Distribution Directive (IDD). The Insurance Mediation Directive (IMD) was introduced in early 2005 and was designed to encourage competition between insurance firms, as well as ensure appropriate levels of protection for customers, across the…

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SFC fines
March 06, 2017 BY Valentina Kirilova

SFC fines Guangdong Securities Ltd $3 million for breach of anti-money laundering guidelines

The Securities and Futures Commission (SFC) has reprimanded Guangdong Securities Limited (GSL), now known as Sinolink Securities (Hong Kong) Company Limited, and fined it $3 million for failures in complying with anti-money laundering guidelines when handling third party payments. The SFC found that between February 2011 and March 2013, GSL’s internal controls for handling payments…

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March 06, 2017 BY Valentina Kirilova

Deutsche Börse AG launches trading of money market funds with shorter settlement period of T+1

Five BlackRock Institutional Cash Series plc money market funds are tradable on Xetra From today on money market funds with a shorter settlement period of T+1 are tradable via Xetra, Deutsche Börse just announced. These products are therefore the first class of securities for which transactions are settled on the trading day following order execution.…

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March 06, 2017 BY Valentina Kirilova

FCA warns against Mr Instant Cash clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Mr Instant Cash. 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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March 06, 2017 BY Valentina Kirilova

T4B.com unveils MT5 broker solutions including Bonus and Multi Level Commission Manager

Forex trading platform developer MetaQuotes just announced that T4B.com (formerly known as Tools for Brokers) has developed a set of solutions for the MetaTrader 5 trading platform to provide brokers with additional services and simplify their transition to the new technology. For the last seven years, the integrator team has been developing MetaTrader 4 plugins…

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March 06, 2017 BY Valentina Kirilova

Clearstream and Chinese CSD cooperate on Chinese Bond Market

The China Central Depository and Clearing Company (CCDC) and Deutsche Börse's Clearstream Banking S.A. have entered a partnership. The signing of a Memorandum of Understanding (MoU) marks the official launch of the cross-border cooperation. It will give full consideration to the characteristics of the Chinese Interbank Bond Market (CIBM), while respecting the market’s current regulatory…

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March 06, 2017 BY Valentina Kirilova

Fiserv expands Contact and Servicing Center into Florida

Fiserv, Inc. (NASDAQ: FISV), a global global provider of financial services technology solutions, has opened its third Contact and Servicing Center, expanding its business process outsourcing capacity by 22% into Lake Mary, Florida to meet the growing demand of automotive lenders and financial institutions for customer care, collateral management and back office functions. Fiserv has…

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