Search Results for: EC
Blockchain technology in use to reduce frictional cost of trading mutual funds
June 12th, 2017
Calastone successfully completes first phase of blockchain distributed market infrastructure proof-of-concept for the global funds industry Global funds transaction network and Future50 FinTech pioneer seeks to further reduce frictional cost of trading mutual funds, from fund manufacturer to end ...
Predictions for the Pound: Updated Sterling Forecasts v Euro and Dollar set to be Downgraded at UniCredit
June 9th, 2017
Bad news for long-suffering Brits who have seen the value of their currency fall sharply following the EU referendum in 2016; expect further declines as the UK’s ongoing political uncertainty deepens. Analysts at UniCredit Bank have put clients on ...
MAS and ASBA sign FinTech MoU
June 9th, 2017
The Monetary Authority of Singapore (MAS) and the Association of Supervisors of Banks of the Americas (ASBA) today signed a FinTech MoU (Memorandum of Understanding) to bolster FinTech ties between Singapore and the Americas. The MOU provides a framework ...
UK pound tumbled, Asian stocks and U.S. futures gain while yen and gold decline
June 9th, 2017
May’s Conservative party forecast to win without majority Asian stocks, U.S. futures gain while yen and gold decline It wasn’t a day to rival the Brexit vote. While the pound tumbled as the U.K. faces a hung parliament and ...
CySec has imposed fines in a collective sum of €405,000 on a number of directors and relevant persons of CommexFX
June 8th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued today a press release to inform about its decision to impose a series of financial penalties on a number of directors and relevant persons of CommexFX Ltd (www.commexfx.com). According the ...
CBOE Holdings Announces Next Stages of Technology Integration Plan
June 8th, 2017
CBOE Holdings, Inc. (BATS: CBOE | NASDAQ: CBOE) announced that C2 Options Exchange (C2), one of the firm’s derivatives markets, is planned to migrate to Bats technology on May 14, 2018. ● C2 Planned to Migrate to Bats Technology ...
ESMA Responds To Commission Consultation On FinTec
June 7th, 2017
The European Securities and Markets Authority (ESMA) has sent today its response to the European Commission consultation paper on “Fintech: a more competitive and innovative financial sector”, welcoming the initiative to take a stock-take of the EU’s Fintech industry. ...
Projecting the Price of Bitcoin
June 7th, 2017
The wild card in cryptocurrencies is the role of Big Institutional Money. I’ve taken the liberty of preparing a projection of bitcoin’s price action going forward: You see the primary dynamic is continued skepticism from the mainstream, which owns ...
Santander acquires Banco Popular becoming the leading bank in Spain
June 7th, 2017
Banco Santander today announces that it has acquired Banco Popular. The acquisition takes place following an auction conducted by the Single Resolution Board and FROB in which Santander was selected as the successful bidder, paying a notional consideration of ...
Bank of China (Hong Kong) Limited to join EBS Direct as a Liquidity Provider
June 6th, 2017
Bank of China (Hong Kong) Limited brings improved liquidity and pricing to the important CNH market and other major currencies NEX Markets, a NEX Group business which provides electronic trading technology services in the fixed income and foreign exchange ...
