Mauritius financial regulator the Financial Services Commission (FSC) has announced that a licence was purportedly issued with the licence number 216/13 on 06 March 2012 in the name of Cynthia Johnson Loan Company International and Skye Trade Cooperative (which is licensed as B.O Tradefinancials Ltd). The entities are claiming to hold a Category 2 Global…
Read moreNasdaq (Nasdaq:NDAQ) today announced the Nasdaq Closing Cross had a record day as it was used for the 15th consecutive year to rebalance Nasdaq-listed securities in the entire family of Russell U.S. Indexes, part of global index provider FTSE Russell, during their annual reconstitution. A record 1.188 billion shares representing $39.26 billion were executed in…
Read moreDeutsche Börse Cash Market has just announced that investors can now trade round about one million certificates and warrants on the Frankfurt Stock Exchange from 8 am to 10 pm - expanding trading hours to one hour earlier in the morning and two hours longer in the evening. It is the first time that trading…
Read moreGMEX Group (GMEX), a global provider of multi-asset exchange trading, post trade business solutions and technology has announced it will launch a Mauritius based International Derivatives and Commodities Exchange (MINDEX) ecosystem. The setting up of a MINDEX ecosystem was initially an initiative first announced in the National Budget 2016/2017, and the GMEX-led private sector consortium…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm Arden & Partners. 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 moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm Wallace Braxton Credit Union Limited. 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…
Read moreThe Nigerian Stock Exchange (The Exchange or NSE) has just announced that it has reviewed its Equities Market Structure, which shall become effective on Monday, July 2, 2018. The new Market Structure will create a level playing field for all market participants and enable investors deploy broader trading strategies, enjoy best execution and benefit from…
Read moreNasdaq, Inc. (Nasdaq:NDAQ) has announced the election of all nominated directors to the boards of the U.S. exchanges operated by the company, which include The Nasdaq Stock Market, LLC; Nasdaq PHLX, LLC; Nasdaq BX, Inc.; Nasdaq ISE, LLC; Nasdaq MRX, LLC; and Nasdaq GEMX, LLC: Virgis W. Colbert, Senior Advisor, MillerCoors LLC Michael J. Curran,…
Read moreAustralian regulator ASIC has announced that it has become one of the first signatories to the IOSCO Enhanced Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information (EMMoU), an enhanced standard for cross-border enforcement cooperation. By signing the EMMoU, ASIC has highlighted its power to assist foreign regulators by compelling physical…
Read moreUK 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 Alpha Algorithms T/A Fomax Capital Ltd. Alpha Algorithms is not authorised by the FCA but has been targeting people in the UK and is also carrying…
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