News Centre

UK Financial Conduct Authority Bans And Fines Financial Adviser £68,300 For Lacking Honesty And Integrity

Date 15/04/2021

The FCA has banned Simon Varley from working in financial services and fined him £68,300 for knowingly performing a controlled function without approval and for providing investment advice to retail customers when he knew he was not qualified or approved to do so.

Moscow Exchange: The Additional Trading Session Starts Later For Derivatives Market On 5, 6, 12, 13, 17, 19, 20, 25, 26, 27 May 2021

Date 15/04/2021

Please note that the Derivatives Market evening trading session will begin five minutes later, i.e. at 7:05 pm MSK, on 5, 6, 12, 13, 17, 19, 20, 25, 26, 27 May 2021, as these are the last trading days for options contracts (in accordance with clause 6.2 of the Rules of organized trading for the Moscow Exchange Derivatives Market).

Barclays Clears The First Client Trade Through ForexClear’s International Clearing Broker Model

Date 15/04/2021

• Barclays and LCH’s ForexClear process the first FX client clearing trade under the international clearing broker model
• Barclays is offering clearing of FX derivatives to its clients
• Allows Barclays clients access to LCH’s clearing services, benefitting from risk management and operational efficiencies
• ForexClear provides client and dealer-to-dealer clearing services for FX Non-Deliverable Forwards and Options as well as dealer-to-dealer clearing services for Deliverable FX Options, Spot and Forwards
• In 2020, ForexClear processed $19.1 trillion in cleared notional; $167.2 billion of this was cleared by clients

TORA Strengthens US Team With New Sales Hire - Mark Moran Joins TORA’s US Sales Team

Date 15/04/2021

TORA, provider of the industry’s most advanced cloud-based order and execution management system (OEMS) and portfolio management system (PMS), has announced the appointment of Sales Director, Mark Moran.

Maven Invests £2.5 Million In Big Data Analytics Business Cardinality

Date 15/04/2021

Maven Capital Partners, one of the UK’s most active investors in growth businesses, has today announced that it has invested £2.5 million in Cardinality Ltd, a software and service provider which has developed a data ingestion and analytics platform called ‘Perception’, that enables its customers to run, manage and derive value from datasets in real time and at massive scale.

Apex Group: Five Technology Considerations For Asset Managers

Date 15/04/2021

Apex Group, the global financial services providers to $1trn of assets, has  just published its latest whitepaper on the digital shift taking place in the asset management sector and the long-term trends that are driving the need for more innovative approaches by asset managers.

DTCC Statement On Gary Gensler's Confirmation As Chair Of The SEC

Date 15/04/2021

The Depository Trust & Clearing Corporation (DTCC) issued the following statement in response to Gary Gensler’s confirmation as Chair of the SEC:

“We congratulate Gary Gensler on his confirmation as Chair of the SEC. Chair Gensler’s confirmation underscores decades of accomplishments in both the public and private sector. His prior work at the CFTC and the Department of the Treasury, and on-going efforts at MIT, have positioned him to take the helm as the 33^rd SEC Chair. We look forward to working collaboratively with Chair Gensler on critical issues related to market transparency, safety and stability.”

Morgan McKinley Spring London Employment Monitor: London Financial Services Sector On Road To Recovery As Vacancies Surge

Date 15/04/2021

The latest figures from Morgan McKinley’s Quarterly London Employment Monitor reveal that London’s Financial Services industry has returned to hiring growth in 2021, with overall job numbers and professionals looking for new roles in good health compared to the previous quarter:

Hong Kong Securities And Futures Commission Reprimands And Fines Optimas Capital Limited $1.05 Million Over Short Position Reporting Failures

Date 15/04/2021

The Securities and Futures Commission (SFC) has reprimanded Optimas Capital Limited (Optimas) and fined it $1.05 million over failures to ensure short position reports (SPRs) for a collective investment scheme (CIS) under its management were accurate and compliant with the requirements under the Securities and Futures (Short Position Reporting) Rules (SPR Rules).

Entering His Prime: FX Veteran Hossain-Nelson Joins Infinox To Ramp Up IX Prime Offering

Date 15/04/2021

• Global trading provider INFINOX brings on 25-year FX veteran Chris Hossain-Nelson to accelerate growth of its IX Prime institutional division
• IX Prime provides market infrastructure and liquidity to international exchanges including the B3, the world’s third largest derivatives exchange
• Hossain-Nelson, who joins from GMI UK, will drive global expansion of IX Prime as INFINOX consolidates a period of rapid growth