After announcing a successful year for its Cash market, Deutsche Börse has released December volumes for its Eurex stock exchange. It's been a successful month for Eurex, as the number of traded contracts were up 23%, reaching 174.6 million traded contracts compared to 142.4 million in 2017. European equity index derivatives increased by 38% from 69.8…
Read more
Deutsche Börse has informed that the gold holdings of the exchange-traded bearer bond Xetra-Gold (ISIN: DE000A0S9GB0) increased with seven more tonnes in 2018 to 181.47 tonnes. The end of 2017 marked a new all-time high with 175.04 tonnes. At the beginning of 2018, 174.24 tonnes of gold were stored in the central vault for German…
Read more
Open competition among forex brokers within the Russian Federation no longer exists. In a surprise move, the Russian Central Bank (CBR) has revoked the operating licenses of five foreign-based forex brokers due to “the repeated violations of the requirements of the Russian legislation on securities within one year.” New legislation passed a few years back…
Read more
Deutsche Börse has announced that its Cash Market reached an order book turnover of €1.72 trillion in 2018. This is the highest record since 2008 and a rise of 17% YoY (€1.47 trillion). €1.57 trillion of this amount were attributable to Xetra, €40.11 billion to the Börse Frankfurt venue and €105.81 billion to Tradegate Exchange.…
Read more
Last month, the UK Financial Conduct Authority (FCA) published its new rules and fees that will apply to all claims management companies (CMCs) from April 2019. The regulator has just given CMCs a green light to register for the temporary permission they’ll need to operate after April 2019. The complete text of the regulator's decision can be…
Read more
The Dubai Gold & Commodities Exchange (DGCX) has just announced a highly successful 2018. The exchange broke its annual volumes record, trading 22.26 million contracts, up 28% YoY. The total value of the contracts was USD 474.94 billion (previous highest value of USD 448 billion was traded back in 2013). Average Daily Volumes (ADV) were…
Read more
UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Coinbrokerz. Coinbrokerz is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…
Read more
Moscow Exchange (MOEX) has informed the public that a revised methodology for the calculation of Moscow Exchange’s indices will take effect on 21 January 2019. The Bank of Russia registered it on 21 August 2018. According to the exchange's website, the amendments intend to extend the MOEX Total Return Indices Series and rebrand the MOEX…
Read more
The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Pelham Capital Ltd. 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…
Read more
The London-based fintech firm Humaniq has announced the concurrent signing of two Memoranda of Understanding (MoU) with Hope for Lives in Sierra Leone and FinTech4Good. Both are prominent US-based organizations that will be part of Humaniq’s new strategy, with the company aiming to position itself as a technology platform facilitating new blockchain-based charity solution for the developing…
Read more