The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Policy Expert. 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 to…
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Deutsche Börse has released its cash markets February turnover and with the number of €158.5 billion, they have achieved the highest February turnover since 2008 (February 2017: €109.0 billion). Of the €158.5 billion, €143.4 billion were attributable to Xetra (February 2017: €97.8 billion). The average daily turnover on Xetra was thus €7.2 billion. Order book…
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The Hong Kong Securities and Futures Commission (SFC) announced that it has criticised Nomura International (Hong Kong) Limited and Lee Yuen Yee, Annisa for breaches of the Code on Takeovers and Mergers (Takeovers Code) whilst acting as the financial adviser to West China Cement Limited in relation to a possible mandatory offer for the company’s…
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The U.S. Commodity Futures Trading Commission (CFTC) has announced that it has filed a civil enforcement action in the U.S. District Court for the Southern District of New York, charging Lon Olen Friedrichsen of Alton, Iowa, with fraud and failing to register with the CFTC as a Commodity Trading Advisor, as required. Friedrichsen, as alleged, also solicited…
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UK financial regulator the Financial Conduct Authority (FCA) has announced that it has fined Guillaume Adolph £180,000, and banned him from performing any function in relation to any regulated financial activity. Mr. Adolph formerly worked at Deutsche Bank AG (FRA:DBK) as a short-term interest rate derivatives trader, trading products referenced to CHF (Swiss Franc) and JPY…
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UK FCA financial regulator the FCA has announced that following an urgent application by it, the High Court has appointed Russell Downs, Douglas Nigel Rackham and Dan Yoram Schwarzmann of PricewaterhouseCoopers (PwC) as joint administrators of Beaufort Securities Limited, and joint special administrators of Beaufort Asset Clearing Services Limited. The FCA took this action following an assessment…
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National Futures Association (NFA), the self-regulatory organization for the U.S. derivatives industry, has announced that it has permanently barred Chicago, Illinois guaranteed introducing broker (GIB) Fortune Trading Group, Inc. (FTG) from membership and from acting as a principal of an NFA Member. The NFA also barred FTG's sole principal and an associated person Jonathan Schuler from membership and from…
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Following our report earlier today that Moscow Exchange reported record fee and commission income for 2017, the Russian trading exchange operator continued its strong start into 2018, with a healthy volumes report for February. Total trading volume across Moscow Exchange’s markets rose by 4.2% in February 2018 to RUB 66.6 trln. The key growth drivers were…
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CME Group Inc (NASDAQ:CME), the world's leading and most diverse derivatives marketplace, today announced it reached an all-time high monthly average daily volume (ADV) of 27.3 million contracts during February 2018, up 48 percent from February 2017. This milestone surpasses the prior peak of 20.9 million contracts in November 2016 by 31 percent. CME saw…
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Moscow Exchange (MOEX) today announced its financial results for the year ended 31 December 2017. Higher trading volumes in the Bond Market and Money Market, supported by solid performance of Depository and Settlement Services, helped the Exchange achieve record fee and commission income. KEY FINANCIAL HIGHLIGHTS FOR 2017 Fee and commission (F&C) income up 7.1%…
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