Hong Kong Exchanges and Clearing Limited (HKEX) announced that they will launch Indian Rupee (INR) Currency Futures in Q4 2019. The exchange plans to introduce two new futures contracts: the INR vs US Dollar (INR/USD) Futures; and the INR vs Renminbi traded in Hong Kong (INR/CNH) Futures. The INR/CNH Futures contract will be the first…
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FinTech company AlgoTrader announced that they have entered a strategic partnership with Avaloq aiming to change the way banking and wealth management clients behave and how financial services will do business in the future. The two companies are creating a global digital asset management ecosystem to enable banks and other financial intermediaries to be prepared…
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Tokyo Financial Exchange (TFX) has released its trading volumes report for the month of August 2019. You can see the highlights below: Interest Rate Futures contracts The trading volume of Three-month Euroyen futures was 55,246 ( - 26.8% MoM / - 27.5% YoY ) and its average daily volume was 2,631. 項目 August 2019…
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The Securities and Exchange Commission (SEC) announced that they have awarded more than $1.8 million to a whistleblower. The whisteblower alerted SEC about a misconduct committed overseas and provided extensive and ongoing cooperation during the course of the investigation, including the review of documents. The whistleblower in this matter provided stellar information and ongoing assistance…
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The Cyprus regulator CySEC has made a new announcement yesterday regarding the withdrawal of KIT Finance Brokers Ltd's CIF authorisation. KIT Finance Brokers Ltd's CIF authorisation number is 365-18 and, according to the regulator, the company has decided to expressly renounce it earlier this week. This announcement has been officially made on 28 August 2019…
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The Financial Markets Authority (FMA) has recently added two more names to its list of unregulated firms. The latest additions are the company Yifu International Futures Co Ltd and the website www.rncapitalalliance.com. According to the regulator, Yifu International Futures is not registered on the New Zealand Financial Service Providers (FSPR) register nor is it associated…
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Moscow Exchange (MOEX) announced yesterday that they have launched zero fee for liquidity consumers on FX Market, effective September 2. An asymmetric maker ("taker") fee will apply to USD/RUB trading with today settlement and a speedbump mechanism (USDRUB_TDB instrument). Liquidity consumers, called 'takers', can now pay zero trading fee while liquidity providers, also named 'makers',…
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The Securities and Exchange Commission today announced that it has shut down $300 million fraud perpetrated by San Diego company ANI Development LLC and Its Principal, Gina Champion-Cain. According to the regulator, the company has defrauded approximately 50 retail investors. Back in 2012, ANI Development LLC fraudulently raised hundreds of millions of dollars from investors…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Leonard Curtis Business Rescue & Recovery. Fraudsters try to convince people in the UK that they work for an authorised company are giving out the following details as part of their scam tactics: Leonard Curtis Business Rescue & Recovery (clone of…
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The European regulator ESMA has earlier today issued its positive opinion on product intervention measures taken by Slovenia and its National Competent Authority (NCA). According to the EU watchdog, the proposed measures are justified and proportionate. NCA needs to take product intervention measures that are at least as stringent as ESMA’s measures. However, Slovenia’s Securities…
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