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Nordea’s customers embrace robot Nora

FinanceFeeds – Robo-advisors continue to gain popularity, with another piece of proof delivered earlier today by Nordea Bank AB (STO:NDA-SEK) which has published its results for the second quarter of 2018. It appears that robot savings advisor Nora is becoming more popular among clients of the bank – this continues a trend spotted in the first quarter of 2018, when…

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FCA publishes guidelines about Brexit

FinanceFeeds – The UK Financial Conduct Authority (FCA) has earlier this morning updated a webpage called Preparing your firm for Brexit, in an effort to help the firms it regulates check whether they are ready for various scenarios associated with the UK’s exit from the European Union. The regulator provided more details on the so-called Temporary Permissions Regime (TPR),…

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Let Gareth Southgate save your sanity! – Guest Editorial

FinanceFeeds – The following is a guest post by Paul Orford, Head of Institutional Sales at Inflyx. Last week I realised that football wasn’t coming home. Not this World Cup, anyway. The post-World Cup comedown ground into my subconscious with the realisation that my thrice daily game addiction cannot be quenched. Normal life moves on with that uncomfortable feeling…

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US Govt seeks to intervene in SEC case against Ponzi scammer Renwick Haddow

FinanceFeeds – The United States Government is seeking to intervene in the civil case against Ponzi scammer Renwick Haddow. Several documents, filed with the New York Southern District Court today, state the Government’s request to intervene in the civil case brought by the Securities and Exchange Commission (SEC), and to stay this civil action in its entirety until the…

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Intercontinental Exchange announces completion of acquisition of Chicago Stock Exchange

FinanceFeeds – Major operator of global exchanges and clearing houses and provider of data and listings services Intercontinental Exchange Inc (NYSE:ICE) has earlier today announced the finalization of the acquisition of the Chicago Stock Exchange (CHX). No details (including the price) were disclosed about the deal, which was first unveiled in April this year. Under the terms of the deal,…

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DigitalX’s share price sparks ASX concerns (again)

FinanceFeeds – Companies whose activities are related to cryptocurrencies are facing strict monitoring from regulators and financial institutions. The latest example comes from Australia, where a spike in the share price of blockchain-based solutions provider and ICO adviser DigitalX Ltd (ASX:DCC) has triggered questions from ASX. In a Letter to the company, ASX noted the change in DigitalX’s share…

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UK binary options clampdown sees another fraudulent entity wound up

FinanceFeeds – The efforts of the UK authorities to tackle binary options scams continue. The Insolvency Service has confirmed that another binary options company was shut down over false and misleading claims. The entity in question is Eclipse Finance Limited (Eclipse), incorporated on October 9, 2015, with a registered office in London. Following complaints received about Eclipse’s methods, the Insolvency…

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Interactive Brokers registers continued growth in pre-tax profits, revenues in Q2 2018

FinanceFeeds – Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) had a solid second quarter of 2018, the metrics reported earlier today show. Although the results were not as impressive as in the first quarter of 2018, the revenues and profits improved when compared to their levels from the equivalent period in 2017. The broker reported diluted earnings per share…

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Consultation on Term SONIA Reference Rates highlights challenges in transitioning away from LIBOR

FinanceFeeds – The transitioning away from LIBOR, which is seen as inevitable by global regulators, has prompted the opening of a new consultation by the Working Group on Sterling Risk-Free Reference Rates. The document, which seeks feedback from market participants, focuses on the development of Term SONIA Reference Rates (TSRRs). Let’s recall that the Working Group’s overall objective is to…

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