Category: Financial Services

April 29, 2020 BY Steffy Bogdanova

New Zealand FMA adds Techvision to its warning list

New Zealand watchdog FMA also reported that Techvision is not registered as a financial service provider and it is unable to offer financial services to New Zealand residents. Read More: New Zealand FMA adds accessfinancenz.com to its warning list New Zealand FMA adds MetalsWise to its warning list New Zealand FMA adds Horse Forex and Whitley…

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fca warning
April 29, 2020 BY Steffy Bogdanova

Cryptotraderoptions, SLBE BVBA and others added to FCA warning list

Cryptotraderoptions Address: 66 Great Suffolk St, London, SE1 0BL, UK Telephone: +15203650313 Email: [email protected] Website: https://cryptotraderoptions.com/en/ SLBE BVBA (clone of EEA authorised firm) Address: The Shard, 32 London Bridge St, London, SE1 9SG, United Kingdom Telephone: 02036036294 Email: [email protected] Website: www.slbe-bvba.com Alpstone Capital Services Limited (clone of FCA authorised firm) Telephone: +44(0)203 745 9198 Email:…

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Whistleblower
April 29, 2020 BY Steffy Bogdanova

Whistleblower receives $18 million award from SEC

So far, the agency has awarded over $448 million to 81 individuals for their help since the first award was issued in 2012. Payment of the awards is taken out of an investor protection fund set up by Congress. It is financed through monetary sanctions of security law violations paid to SEC. To be eligible…

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fxcm
April 29, 2020 BY Steffy Bogdanova

FXCM releases commission-free share CFD trading expansion

The share CFD trading will be provided on MetaTrader 4, the Trading Station platform and on mobile devices, supporting connectivity for existing customers and reducing the need to switch between providers. FXCM will launch the product for South African and Australian customers with European customers next in line. Brendan Callan, CEO of FXCM said: “Share…

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sfc warning
April 27, 2020 BY Steffy Bogdanova

Hong Kong SFC advises brokers to be cautious in trading crude oil futures and ETFs

Ashley Alder, the SFC’s Chief Executive Officer said: The crude oil market has recently experienced unprecedented volatility, which significantly increases the risks of trading crude oil-related financial products. Firms should prudently manage these risks to protect investors. In a separate letter, the SFC cautioned managers of SFC-authorised futures-based ETFs to remain careful and ensure that…

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April 27, 2020 BY Steffy Bogdanova

JPMorgan teams up with Taulia, unlocks trillions of liquidity

Stuart Roberts commented: We’re taking a relatively short-term risk on larger companies. I couldn’t think of a safer way to inject liquidity into a credit-stressed small- or medium-sized business right now. Taulia Chief Executive Officer Cedric Bru noted that businesses complete over $120 trillion worth of transactions a year and $20 trillion of that are…

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SGX announces trading volumes
April 24, 2020 BY Steffy Bogdanova

SGX releases Q3 volumes, reports net profit of S$138 million

Loh Boon Chye, Chief Executive Officer of SGX, commented: Amid the COVID-19 pandemic, our priority is to keep SGX’s markets relevant, resilient and fully accessible round-the-clock, to serve the heightened demand from market participants for risk management solutions and investment opportunities across our asset classes. Our expanded geographical footprint has helped to support our US…

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Euronext
April 24, 2020 BY Steffy Bogdanova

Euronext expands in the Nordic region, acquires 70% of VP Securities

Euronext offered DKK1.12bn (c. €150m2) for 100% of the shares. The company will open an offer to all the remaining shareholders with the same terms and conditions. The acquisition falls inline with the with Euronext’s disciplined capital deployment policy and commitment to maintain a strong investment grade credit rating. The acquisition process of VP Securities…

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April 23, 2020 BY Steffy Bogdanova

HKEX to implement Volatility Control Mechanism enhancements

HKEX’s Head of Markets Wilfred Yiu said: The enhancement will further strengthen our stock-level safeguards during extreme price volatility, and reflect changes in international practice and regulatory guidance. HKEX discovered substantial market support for the proposal for implementing first phase of VCM enhancements, based on the consultation feedback. The first phase includes: Expansion of VCM…

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