News Centre

UK's Financial Conduct Authority Bans Debt Management Couple For Misappropriating Client Money

Date 23/10/2017

The Financial Conduct Authority (FCA) has today banned Adrian and Christine Whitehurst, former directors of debt management firm First Step Finance Limited (now dissolved), for dishonestly misappropriating client money. Over 4000 customers lost a total in excess of £6m as a result of their actions.

HKEX Stock Exchange Participants' Market Share Report 

Date 23/10/2017

New FCA Complaints Data: 3.32 Million Complaints About Financial Services In The First Six Months Of 2017

Date 23/10/2017

The Financial Conduct Authority (FCA) has today published the data on the number of complaints reported by firms for the first half of 2017.

BETTER FINANCE: A "New Deal" For Consumers - Will EU Financial Services Users At Last Benefit From Collective Redress?

Date 23/10/2017

Earlier this year BETTER FINANCE called on policy makers to put an end to financial abuses by ensuring better public enforcement of conduct of business rules and introducing an EU-wide framework for Collective Redress in order to facilitate effective private enforcement. Now the European Commissioner for Justice and Consumer Affairs is calling for an EU-wide Collective Redress framework.

Instinet Selects Interxion For BlockMatch® Hosting

Date 23/10/2017

INTERXION HOLDING NV (NYSE: INXN), a leading European provider of carrier and cloud-neutral data centre services, today announced that it is working with global institutional agency-model broker INSTINET to host the firm’s MTF, BlockMatch.

‘London Fundraising Token Manifesto’ Aims To Distinguish London As A World Leader In Cryptocurrency Investment - An Ethical Framework Signed By Finance & Technology Industry Veterans Will Set Out Guidelines To Better Serve Investors In Token/Coin Sales

Date 23/10/2017

A new ‘London Fundraising Token Manifesto’ created by Professor Michael Mainelli’s  Z/Yen Group is being launched today with the backing of the Long Finance community. The Manifesto is a voluntary code of conduct which has been created in collaboration with finance industry and blockchain technology leaders. It seeks to establish new standards for Initial Coin Offerings (ICO) and Initial Token Offerings (ITO), the fundraising mediums that allow investors to back companies using cryptocurrency.

FCA Fines Merrill Lynch 34.5 Million For Failing To Report Transactions

Date 23/10/2017

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.

DFM International Investor Roadshow In New York Delivers Strong Indication Of Growing Appetite Towards Securities Market In Dubai - The Event Attracted 24 New York-Based Funds With US$ 1 Trillion Of Assets Under Management

Date 23/10/2017

• H.E. Essa Kazim: “Roadshow gained further success due to the global reputation of the national economy, DFM’s world-class infrastructure and the diversification of its opportunities”
• DFM’s efforts to attract foreign investments raised foreign investors’ ownership from 12% of the Market Cap in 2010 to 22% in 2016
• Amit Jain: “the roadshow was an important platform to highlight Emaar’s strong fundamentals”
• Adel Al Ali: “The roadshow plays a fundamental role in supporting listed companies to attract new investment and growth opportunities”

Moscow Exchange: The Additional Trading Session Starts Later For Derivatives On 2, 9, 15, 16, 23, 27 And 30 November 2017

Date 23/10/2017

Please note that the Derivatives Market evening trading session will begin five minutes later, i.e. at 7:05 pm MSK, on 2, 9, 15, 16, 23, 27 and 30 November 2017, as these are the last trading days for options contracts (in accordance with clause 7.2 of the Rules of organized trading for the Moscow Exchange Derivatives Market).

Fintech Startup, Trade Ledger, Launches World-First Tech To Help Banks Fight Off Global Tech Giants

Date 23/10/2017

Career technologists, Martin McCann and Dr. Matthias Born, are launching a world-first lending tech for banks and traditional lenders that will help to equip them against competition from tech giants such as Facebook, Tencent, and eBay wanting to enter financial services.