The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Loans 4 All Needs. 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…
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The Cyprus Securities and Exchange Commission (CySEC) has announced that it has imposed an administrative financial penalty on Reliantco Investments Ltd., an investment firm which operates the UFX.com online Retail FX and CFDs brand. A sum of €95,000 has been imposed on the company for multiple compliance failings that breached the policies and procedures CySEC…
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NZX announced it will implement changes to its trading and clearing pricing structure in the second half of 2018 as it responds to feedback from market participants and to encourage more on-market liquidity. This supports the exchange’s commitment to secondary market development, as outlined in its recently released strategy. NZX will migrate to a trading…
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The Commodity Futures Trading Commission (CFTC) on December 15, 2017 issued an order revoking the foreign board of trade (FBOT) registration of CME Europe Limited (CMEEL). Such registration permits an FBOT to allow identified members or other participants located in the United States to enter trades directly into the trade matching system of the FBOT.…
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The Hong Kong Securities and Futures Commission (SFC) today launched a two-month consultation on proposals to refine the over-the-counter (OTC) derivatives regime and to require licensed corporations to properly manage financial exposures to connected persons. In response to market comments, the SFC proposes to refine the scope of regulated activities (RAs) to provide more clarity…
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NTT Data, a consulting and IT services provider, announced that it has secured a place in the Bank of England’s (BoE) highly regarded FinTech Accelerator programme. In partnership with German start-up Reportix, NTT Data is investigating the power and potential of effective data analysis and visualisation for the BoE. NTT Data is just one of…
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Optiver, a global market maker, just announced that it has entered into an agreement with trading venue Equiduct, offering brokers a simple, one-stop-shop solution to achieve best execution for their European equity and ETF order flow. Under the agreement Optiver commits to provide continuous liquidity in thousands of European stocks and ETFs on Equiduct against…
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ESMA issued a public statement this morning to support the smooth introduction of the Legal Entity Identifier (LEI) requirements for MiFID II implementation. This statement outlines temporary measures in respect of LEI for clients that are legal persons, and LEI for issuers. FCA's complete response to ESMA's statement can be seen below: The FCA recognises the…
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The Autorité des marchés financiers (AMF) and the ACPR have published a list of new websites and entities offering investments on the unregulated foreign exchange (Forex) market in France, without authorisation to do so. Here is the new website recently identified: www.edgecapitalfunds.com / EDGE CAPITAL FUND A list of all unauthorized websites to offer investments…
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In 2017, the post-trade industry has seen a major infrastructure evolution. With completion of the European Central Bank’s TARGET2-Securities (T2S) project and preparations for the Central Securities Depositories Regulation (CSD-R), some fundamental changes have been kicked off in the European post-trade market. 2017 was about reshaping and harmonizing Europe’s fragmented post-trade landscape to create a…
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