Category: Financial Services

asic license cancelled
December 19, 2019 BY Valentina Kirilova

Australian watchdog cancels the AFS licence of KP International Group Australia

Australian regulator ASIC has announced earlier today that it has cancelled the Australian financial services (AFS) licence of Sydney-based financial services provider KP International Group Australia Pty Ltd, effective 22 November 2019. This is not the first time ASIC suspends the company's licence, it was previously suspended until 23 September 2020. KP International Group Australia…

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australia exchange
December 16, 2019 BY Valentina Kirilova

Sydney Stock Exchange announces new CEO Michael Go and a new strategy

The Sydney Stock Exchange (SSX), Australia’s alternative tier-one listing venue, has today announced its new CEO, Michael Go. The exchange has  also accepted its first listing applications from Australian cleantech energy company AGEO Resources and Australian medical technology company ANNSCA Medical. Michael Go joins the SSX from an international career in finance. He said the…

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fca warning
December 13, 2019 BY Valentina Kirilova

UK FCA warns against several unauthorised companies

The UK Financial Conduct Authority (FCA) has put out details of several unregulated firms. The names of the latest additions to the regulator’s warning list are ash.trades, Easy Money Finance, Miyamoto, Asuka and Associates, The Financial Consultancy Group (Scam), Best Returns, Cash FX Group. According to the regulator, the fraudsters are using or giving out…

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CME Group record
December 13, 2019 BY Valentina Kirilova

CME Group FX Futures reach a new single-day volume record

Derivatives marketplace CME Group (NASDAQ:CME) has announced its foreign exchange (FX) futures reached a new single-day volume record of 2.7 million contracts on December 11, 2019. Previous record of 2.5 million contracts was set on June 14, 2017. Open interest (OI) for CME Group FX futures also reached a record 2.3 million contracts on December…

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saxo
December 11, 2019 BY Valentina Kirilova

LSEG Technology provides post trade technology for the Securities Clearing Corporation of the Philippines

Securities Clearing Corporation of the Philippines (SCCP), a wholly-owned subsidiary of The Philippine Stock Exchange, Inc. (PSE), has just announced that it has selected LSEG Technology’s Millennium Post Trade solution to improve its post trade processes. LSEG Technology will now be able to implement Millennium Clearing and Millennium Risk products, enhancing SCCP’s clearing, settlement, risk…

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fma warning
December 11, 2019 BY Valentina Kirilova

New Zealand FMA adds Orion Holdings Capital Management and OH Capital to its warning list

New Zealand Financial Markets Authority (FMA) has recently added another name to its list of unregulated firms. The latest additions are the companies Orion Holdings Capital Management and OH Capital. The regulator recommends exercising caution before dealing with Orion Holdings Capital Management (OHCM), OH Capital and their websites www.ohcmgmt.com, and https://ohcapital.com/. The business address in…

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