UK Financial Conduct Authority (FCA) has announced yesterday that it has fined Henderson Investment Funds Limited (HIFL) £1,867,900. The company failed to treat fairly more than 4,500 retail investors in two of its funds: Henderson Japan Enhanced Equity Fund and Henderson North American Enhanced Equity Fund (the Japan and North American Funds). Back in 2011,…
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Global capital markets have come a long way in the past decade, another sign of the interconnectedness of all global markets in our modern commercial setting. Investors today think nothing of investing in overseas markets, when just ten years back, one would have to jump through hoops in order to find a broker with an…
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Moscow Exchange (MOEX) has announced yesterday that it has signed a Memorandum of Understanding (MoU) with the China Foreign Exchange Trade System (CFETS). The MoU aims to unify the liquidity pools for trading in the RMB/RUB currency pair on the two platforms. A joint working group has already been set up to conduct research and…
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The UK Financial Conduct Authority (FCA) has put out details of another clone firm this week. The latest addition to the regulator’s warning list is Credit Suisse Securities. Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK: Credit Suisse Securities (Clone of FCA authorised…
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FinTech provider of multi-market trading software, TraderEvolution Global has announced earlier today that it has teamed up with FinTech company Gold-i to provide a full end-to end trading solution serving banks, prime brokers and brokerages worldwide. Clients worldwide will now be able to access TraderEvolution’s advanced multi-market and multi-asset trading platform and Gold-i’s multi-asset liquidity…
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The Cyprus regulator CySEC has announced that it has decided to withdraw the CIF licence of a company named Fidelisco Capital Markets Ltd. The regulator shared that, at its meeting of 8th November 2019, has decided, pursuant to section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2017 and section 4(7)…
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The UK Financial Conduct Authority (FCA) has put out details of several unregulated firms. The names of the latest additions to the regulator’s warning list are JP Morgan Asset Management and Switch Finance. According to the regulator, the fraudsters are using or giving out the following details as part of their tactics to scam people…
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The Monetary Authority of Singapore (MAS), Deloitte and S&P Global Market Intelligence have teamed up to develop a prototype for an industry-wide FinTech Research Platform. The platform aims to help investors and financial institutions connect with FinTech start-ups that they can partner with or invest in. Deloitte discovered that investors and financial institutions don't have…
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Regulated London based fintech company X Open Hub has announced that it has added 2Ring Markets' Tekton to its list of integrated platforms. 2Ring Markets is an Introducing Partner and technology provider, recently launched in Cyprus by traders. The company aims to provide technology to retail traders not normally accessible to them, without a premium.…
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A new London-based software company, Knabu, is trying to achieve what many have deemed impossible – become the eight clearing bank in the UK in 250 years and one that serves crypto firms. The company focuses on blockchain solutions for the Fintech industry and is determined to fill a serious void in the crypto arena…
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