Category: Financial Services

ASIC office
March 10, 2020 BY Steffy Bogdanova

ASIC releases new regulation for foreign financial services providers

ASIC has released new regulation for foreign financial services providers (FFSPs) that service Australian wholesale clients. Cathie Armour, ASIC Commissioner, noted: Our new regulatory framework facilitates Australian wholesale access to foreign investment opportunities, preserves market integrity against misconduct in wholesale markets, and strengthens ASIC's ability to take effective regulatory and supervisory action. Our ability to…

Read more
cysec cif licence suspension
March 09, 2020 BY Steffy Bogdanova

CySEC suspends CIF licence of Prior Capital Cy Ltd

The Cyprus Securities and Exchange Commission (CYSEC) announced in the end of last week the suspension of Cyprus Investment Firm (CIF) authorisation of Prior Capital Cy Ltd. The agency suspended CIF licence number 221/13 because of suspicions of an alleged violation of the Investment Services and Activities and Regulated Markets Law of 2017 regarding the…

Read more
fca warning
March 09, 2020 BY Steffy Bogdanova

Open Hub Pro, Fx Pro, Bitmex and others added to FCA warning list

UK watchdog FCA has put out the details of several unregulated companies and clone firms this week. The names of the latest additions to the regulator’s warning list are the companies [email protected]; [email protected], Open Hub Pro, Fx Pro, GMGFX, Citigroup Asset Management / Citibank Asset Management, Bitmex, MTI24, Lend Finance, FX Goat / @_samfx_ and MCM FX / MCMFX. According to the…

Read more
avelacom
March 06, 2020 BY Steffy Bogdanova

Avelacom expands to Virginia with direct connection to Amazon AWS North America

Avelacom expands to a wider variety of cryptocurrency markets, making it easer for institutions to take advantage of arbitrage and other latency sensitive strategies. Global connectivity and IT infrastructure provider, Avelacom, launched a new point-of-presence (PoP) in Ashburn, Virginia, with direct connectivity to Amazon AWS US – East–1 region. Its most popular route for cryptocurrency…

Read more
fxcm launches stock baskets
March 06, 2020 BY Steffy Bogdanova

FXCM introduces commission-free equity trading

FXCM Group, LLC, international foreign exchange trading, CFD trading, cryptocurrencies and related services provider, announced its expansion into equity trading with the launch of a commission-free trading service in collaboration with Interactive Brokers. Equity trading is one of the most popular investment securities for retail traders. FXCM will create a dedicated online and mobile trading…

Read more
Kraken
March 05, 2020 BY Steffy Bogdanova

FCA retracts warning against Kraken but BitMEX alert stays up

United Kingdom Financial Conduct Authority (FCA) quickly took down an official warning against Kraken after apparent confusion but alert about BitMEX remains active. The UK watchdog published a notice on its website on 3 March to warn citizens against Kraken. The warning stated that the second-largest U.S. cryptocurrency exchange by volume is not authorized to…

Read more
Cboe Global Markets
March 05, 2020 BY Steffy Bogdanova

Cboe sets trading records with February volumes

Cboe reported their February 2020 volumes, making great raises compared to February the previous year. Options ADV are up with 64%, Futures by 88%, U.S. Equities by 30% and Global FX by 20% YoY. Cboe’s four options exchanges together set a new monthly ADV record with more than 11 million contracts traded in February. A…

Read more
moex moscow exchange
March 04, 2020 BY Steffy Bogdanova

Moscow Exchange reports 19.9% MoM rise in February volumes

The Russian market operator Moscow Exchange Group (MOEX) reported RUB 69.4 trillion in trading volumes, a 19.9% increase MoM (RUB 57.9 in January 2020). Compared to last year, there is a 11.5% rise (RUB 62.3 trillion for February 2019). Spot FX Market registered the most growth MoM with 60%, followed by Derivatives Market with 40%.…

Read more