Search Results for: FC Exchange
Interactive Brokers Hong Kong fined $4.5 million
February 15th, 2018
The Securities and Futures Commission (SFC) has reprimanded and fined Interactive Brokers Hong Kong Limited (IBHK) $4.5 million after resolving concerns over IBHK’s breaches of the Code of Conduct in its execution of market orders using electronic and algorithmic ...
EUR/GBP Rally Possible on Strong Confidence Stats
January 30th, 2018
The Euro to Pound exchange rate (EUR/GBP) has risen by 0.4% today, although this is mainly down to Brexit worries among Pound traders. The Euro has a chance at extending its current gains against the Pound this week, assuming ...
South Korea to ban cryptocurrency traders from using anonymous bank accounts; Bitcoin price extended loss
January 23rd, 2018
South Korea will ban the use of anonymous bank accounts in cryptocurrency trading from Jan. 30, regulators said on Tuesday in a widely telegraphed move designed to stop virtual coins from being used for money laundering and other crimes. ...
Two leading MENA Fintech hubs signed region’s first FinTech agreement
January 8th, 2018
Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Bahrain Economic Development Board (EDB) have entered into a Fintech cooperation agreement, marking a significant first in the MENA region. Signed between two of the ...
Financial Market Supervisory Authorities Around The World Issued Warnings
November 27th, 2017
The supervisory authorities of the United Kingdom (Financial Conduct Authority – FCA), Holland (Netherlands Authority for the Financial Markets – AFM), Switzerland (Swiss Financial Market Supervisory Authority – FINMA), Hong Kong (Securities and Futures Commission – SFC), Malaysia (Securities ...
Morgan Stanley to pay a $350,000 penalty
November 3rd, 2017
CFTC Orders Morgan Stanley and Co. Incorporated to Pay $350,000 Penalty for Omitting Futures and Options Data from Part 17 Large Trader Reports The Commodity Futures Trading Commission (CFTC) issued an Order filing and simultaneously settling charges against Morgan Stanley ...
Guidelines on hacking risks associated with internet trading in financial markets
October 30th, 2017
The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) recognise the need for effective cybersecurity management as cyber risk poses an increasingly significant threat to the integrity, efficiency and soundness of financial markets worldwide. Over ...
Merrill Lynch fined £34.5 million for failures under EMIR
October 24th, 2017
Merrill Lynch International (MLI) has been fined £34,524,000 by the Financial Conduct Authority (FCA) for failing to report 68.5 million exchange traded derivative transactions between 12 February 2014 and 6 February 2016. This is the first enforcement action against ...
ETrade HK pleaded guilty for marketing unlicensed brokerage services
September 22nd, 2017
The Securities and Futures Commission (SFC), Hong Kong’s securities and futures markets regulator, has issued an announcement to inform that it secures conviction against ETRADE Securities (Hong Kong) Limited for marketing of unlicensed US brokerage services in Hong Kong. ...
Supervisory authorities around the world warn for unauthorised financial services entities
September 18th, 2017
The supervisory authorities of Australia (Australian Securities and Investment Commission- ASIC), United Kingdom (Financial Conduct Authority – FCA), Hong Kong (Securities and Futures Commission – SFC), Belgium (Financial Services and Markets Authority – FSMA), Denmark (Danish Financial Supervisory Authority ...
