The UK government is consulting on proposals to bring the issuance of non-transferable debt securities (mini-bonds) within the scope of financial services regulation. London Capital & Finance (LCF) which issued non-transferable debt securities (NTDS), entered administration in January 2019, impacting 11,000 investors who had invested more than £230 million. Issuing NTDS is currently an unregulated…
Former Deutsche Bank traders James Vorley and Cedric Chanu are challenging their prison sentences for engaging in a scheme known as “spoofing”. This becomes clear from documents filed by the traders on July 3, 2021 and July 6, 2021, at the Illinois Northern District Court. Vorley appeals to the United States Court of Appeals for…
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FNG Exclusive… FNG has learned that London based CFDs broker ETX Capital has continued to build out its management team following its acquisition late last year by Switzerland’s Guru Capital, with the latest addition being the hiring of Nicolas Gavriel as Risk Director. Nicolas Gavriel, who is based in Cyprus, joins ETX after filling a…
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Further to the announcement on July 2, 2021 in connection with its direct listing, Wise announces that its entire issued class A ordinary share capital, consisting of 994,589,856 Shares, has today been admitted to the standard listing segment of the Official List of the FCA and to trading on the London Stock Exchange’s Main Market…
Refinitiv, a London Stock Exchange Group business, today announced it has launched its global electronic trading Matching service in Indonesia. The launch marks Indonesia’s first interbank electronic marketplace for the trading of Rupiah. Refinitiv Matching is a solution that offers real-time credit screening, enhanced price discovery, concentrated liquidity and efficient execution for FX traders. This…
European licensed FX and CFDs broker RoboMarkets has announced that it has added CFDs on Brazilian stocks to its R Trader platform. The new trading instruments added to the R Trader terminal are CFDs on stocks of the 30 most liquid companies that are traded on Bovespa, the Sao Paulo Stock Exchange. This list now…
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Cboe has announced another set of enhancements to Cboe Silexx, a multi-asset order execution management system (OEMS) that caters to the professional marketplace. Order Manager now displays market data captured at time of order entry in Order Trail. Order Trail column customization has become available in Order Manager Settings. There are also CAT reporting enhancements:…
HANetf and AuAg Funds announce the launch of Europe’s first ESG focused gold mining ETF, AuAg ESG Gold Mining UCITS ETF (ticker: ESGO). ESGO seeks to offer exposure to an equal-weighted basket of 25 ESG screened gold miners. The AuAg ESG Gold Mining UCITS ETF (ticker: ESGO) will list on London Stock Exchange on Wednesday…
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The Cyprus Securities and Exchange Commission (CySEC) today confirms that the Investors Compensation Fund (ICF) has withdrawn the ICF membership of Coverdeal Holdings Ltd, operator of brands such as Coverdeal FX. It is noted that, in accordance with paragraph 6(3) of the Directive, the loss of ICF membership status does not mean loss of rights…
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Electronic trading major Interactive Brokers continues to update its TWS trading platform. The latest (beta) release of the platform streamlines the Financial Instrument Description fields. In version 10.10 of the platform, Interactive Brokers has combined the group of Financial Instrument Description fields, including Description, Exchange, Symbol, and Underlying, into a single field called Financial Instrument….
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