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News Centre
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TheCityUK Responds To FCA CEO Andrew Bailey’s Speech At The Future Of The City Dinner
Date 05/02/2018
In a speech at the Future of the City dinner, Andrew Bailey made the case for mutual recognition of regimes, adding that he sees constructs, such as TTIP, as a useful basis for the UK/EU future relationship within financial services.
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Bitcoin Falls Below USD 7,000
Date 05/02/2018
Bitcoin fell more than 15 percent today to a nearly three-month low agsinst a background of global regulatory clampdown and a ban on using credit cards to buy bitcoin by bsnks in the UK and the USA.
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Nasdaq January 2018 Volumes
Date 05/02/2018
Nasdaq (Nasdaq:NDAQ) today reported monthly volumes for January 2018, on its investor relations website.
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Office Of The Comptroller Of The Currency To Host Innovation Office Hours And Listening Session In Chicago
Date 05/02/2018
The Office of the Comptroller of the Currency (OCC) today announced the date and location for its upcoming Innovation Office Hours and inaugural Listening Session.
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Cboe Global Markets Reports January 2018 Trading Volume
Date 05/02/2018
- Total volume across all Cboe exchanges up over January 2017
- VIX options at Cboe Options Exchange set new ADV record in January 2018
- Futures ADV at Cboe Futures Exchange up 50% from January 2017
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Intercontinental Exchange Announces Record Trading Of NYSE FANG+ Index Futures Contract For Two Consecutive Days
Date 05/02/2018
Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced a record trading week for the NYSE FANG+TM Index futures contract. With average daily volume of 3,278 contracts last week and record daily volume on Friday, February 2, of 7,884 contracts, last week saw record volumes for the new contract over two consecutive days amid increased market volatility.
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US Federal Agencies Seek Comment On Proposed Amendments To Swap Margin Rule
Date 05/02/2018
Five federal agencies propose to amend swap margin requirements to conform with recent rule changes that impose new restrictions on certain qualified financial contracts (QFCs) of systemically important banking organizations. Under the proposed amendments, legacy swaps entered into before the applicable compliance date would not become subject to the margin requirements if they are amended solely to comply with the requirements of the QFC Rules
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FINRA Fines Wedbush Securities Inc. $1.5 Million For Customer Protection, Net Capital Rule Violations And Related Failures
Date 05/02/2018
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Wedbush Securities Inc. $1.5 million for violating the Securities and Exchange Commission’s (SEC) Customer Protection and Net Capital Rules, and for related supervisory and books and records failures.
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The Future Of The City - Speech By Andrew Bailey, Chief Executive Of The FCA, At The Future Of The City Dinner
Date 05/02/2018
Highlights
- We are treating Brexit as a high priority and will do our utmost to make it work in the interests of the people of this country.
- There is a range of operational issues arising from Brexit which, if not tackled, will create financial stability risks and issues for both the UK and the European Union (EU).
- We are working with the Government to take action to ensure we have a functioning regulatory regime from day one by implementing the EU withdrawal bill.
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New FINRA Rules Take Effect To Protect Seniors And Vulnerable Adults From Financial Exploitation - First Uniform, National Standards To Protect Senior Investors
Date 05/02/2018
Two FINRA rule changes took effect today addressing the financial exploitation of seniors and vulnerable adults, putting in place the first uniform, national standards to protect senior investors. Firms are now required to make reasonable efforts to obtain the name of and contact information for a trusted contact person for a customer’s account. In addition, the rule permits FINRA member firms to place a temporary hold on a disbursement of funds or securities when there is a reasonable belief of financial exploitation, and to notify the trusted contact of the temporary hold.
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