News Nuggets | 6 June: New LiteFinance Office; TAIFEX on TradingView

<p>LiteFinance Opens Office in Uzbekistan
</p><p><a href="https://www.financemagnates.com/tag/litefinance/">LiteFinance</a>, a prominent FX/CFDs broker, has expanded its physical footprint further with the latest opening of a representative office in Tashkent, Uzbekistan. Though the office premises were ceremonially opened on 10 June, the broker publicly announced it today (Thursday).
</p><p>"Our clients in Uzbekistan can visit our regional office and receive professional assistance from LiteFinance managers. Our team will answer all your questions, help you register on the platform, and tell you about the company's unique features and services," the announcement added.
</p><p>Litefinance has more than a dozen regional and representative offices. It has a physical presence in Singapore, Ghana, Indonesia, Kenya, Kyrgyzstan, Mongolia, Morocco, Myanmar, Thailand, Vietnam, and a few other countries.</p><p>TradingView Adds Taiwan Futures Exchange
</p><p><a href="https://www.financemagnates.com/tag/tradingview/">TradingView</a> has expanded its data feed offerings with the latest addition of futures data from the Taiwan Futures Exchange (TAIFEX). TradingView users can now access TAIFEX data easily.
</p><p>Established in 1997, TAIFEX operates as a fully-fledged platform with its own trading, clearing, and market oversight functions.
</p><p>"For decades, TAIFEX has been hard at work, upgrading its facilities and seeking stable growth, and today, it lists about 300 products. Among them are equity index futures, single stock futures, ETF futures, commodity futures, and currency futures," the announcement added.</p><p>AEGIS SEF Appoints New President
</p><p>AEGIS SEF announced the appointment of Chris Payne as the new President, replacing Justin McCrann. It came as an internal promotion as Payne previously was the Chief Product Officer for AEGIS Hedging Solutions, the parent of AEGIS SEF.
</p><p>"Recent volume records indicate material adoption of the platform," Payne said in a statement. "We are eager to help our Participants sustain that growth by leveraging modernized electronic trading in a way that benefits everyone in these markets. Participant feedback remains strong, and the record growth is supported by significant new Dealer interest in AEGIS SEF from a mix of counterparties, including registered swap dealers, integrated marketers, proprietary trading firms, and hedge funds."
</p><p>Meanwhile, the company listed an array of new products, including Interest Rates, Aluminum, Diesel, Gasoline, Crude Oil Roll swaps, Swing swaps, and a range of Canadian Energy swaps.
</p><p>PayPay and LINE BITMAX Partner
</p><p>LINE's virtual Asset and blockchain unit, LINE Xenesis, and <a href="https://www.financemagnates.com/forex/brokers/yahoo-japan-to-rename-broker-yjfx-as-paypay-fx/">PayPay</a> partnered to launch the PayPay Linkage Service, allowing the purchase and cash out of virtual assets on the trading platform LINE BITMAXX using PayPay Money.
</p><p>"Using this service, users will be able to link their 'PayPay' and 'LINE BITMAX' accounts and newly purchase virtual Assets using PayPay Money ('PayPay Quick Purchase') and cash out their 'LINE BITMAX' balance deposits to PayPay Money (top-up). Users can proceed to link their account from 'PayPay Quick Purchase' or 'Cash Out to PayPay'," the announcement stated.
</p><p>"If users already have PayPay Money balance, they do not need to deposit money separately; instead, they can purchase virtual Assets from just 1 yen on 'LINE BITMAX' itself, twenty-four hours a day, 365 days a year."</p><p>FCA Urges Asset Managers to Review Liquidity Management
</p><p>The<a href="https://www.financemagnates.com/forex/fca-unveils-consolidated-tape-to-lower-trading-costs-in-the-uk-financial-market/"> Financial Conduct Authority</a> (FCA) today (Thursday) issued a notice ordering asset managers to review and manage liquidity effectively. It came after the regulator reviewed the liquidity management in asset managers and found a need for increased focus on liquidity risks.
</p><p>Furthermore, the UK's financial watchdog highlighted that poor liquidity management could result in serious risks for investors and broader market stability.
</p><p>"We have seen examples in the market where liquidity risk has crystallized and the impact this can have on investors," said Camille Blackburn, the Director of Wholesale Buy-Side at the FCA. "This review should serve as a warning to all asset managers that they need to get this right. We expect boards to discuss our findings and assure themselves that their firms are not amongst the minority with serious gaps in managing liquidity risk."</p>

This article was written by Finance Magnates Staff at www.financemagnates.com.