The European Energy Exchange (EEX) has just released its January 2019 volumes report. EEX' volumes on its power derivatives markets were up 34% to 323.0 TWh (January 2018: 240.9TWh). A significant growth was seen in power futures: Germany (224.2 TWh, + 92%), Austria (1.3 TWh, + 5,240%) Spain (14.4 TWh, + 170%) Central and South-Eastern…
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Australian regulator ASIC has announced that the former Adelaide financial adviser, James Gibbs, has pleaded guilty to theft of $4.88 million. He committed these offences while working as a financial planner and director of James Gibbs Investments Pty Ltd (JGI). James Gibbs stole approximately $4.88 million of funds that he was managing for his clients.…
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Moscow Exchange (MOEX) has announced that it will launch an updated version of the FAST protocol and a new FAST Full_orders_log Online service to enhance market data delivery from its Derivatives Market. The updated version will allow trading members to cease using other market data sources. Traders will now be able to reduce their infrastructure…
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The Hong Kong Securities and Futures Commission (SFC) has just announced that it has revoked the license of W. Falcon Asset Management (Asia) Limited (Falcon) for several different types of failures. The regulator has already issued a Restriction Notice on Falcon to safeguard the assets of the firm and its clients, and to protect the…
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Tokyo Financial Exchange (TFX) has just released its trading volumes report for the month of January 2019. Highlights include: Interest Rate Futures contracts The trading volume of Three-month Euroyen futures was 117,834 ( - 10.7% MoM / + 21.5% YoY ) and its average daily volume was 6,202. 項目 January 2019 Trading Volume Daily…
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Busy Friday for the UK regulator FCA, as it has just released another announcement that it has agreed Memoranda of Understanding (MoUs) with ESMA and EU regulators. The FCA has explained earlier today how it would use the temporary transitional power in an UK leaves the European Union without a withdrawal agreement scenario. The MoUs cover cooperation…
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The UK Financial Conduct Authority (FCA) has issued an announcement earlier today how it would use the temporary transitional power in an UK leaves the European Union without a withdrawal agreement scenario. Nausicaa Delfas, Executive Director of International at the Financial Conduct Authority said: The temporary transitional power is an important part of our contingency…
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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 Heritage Acquisitions. Heritage Acquisitions is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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Cyprus financial regulator CySEC has warned the public that emails are being sent by unidentified sources, illegally using the logo or the name of CySEC. These impersonators emails seek payment of so-called outstanding sums to or from the Commission. This is not the first time CySEC issues an impersonators scam warning. The regulator has already issued…
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Australian regulator ASIC has just announced that it has cancelled the Australian financial services (AFS) license of Sydney-based Jade Capital Partners Pty Ltd. The regulator has also banned one of the company's directors, James Clinnick, from providing financial services for a period of four years. ASIC uncovered a non-compliance with financial services laws at Jade…
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