MSCI Inc., a provider of indexes and portfolio construction and risk management tools and services for global investors, has announced the signing of an agreement with the Saudi Stock Exchange Co. (Tadawul), the largest stock exchange in the region in terms of market capitalization and turnover, to create a joint tradeable index that can serve…
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The Securities Commission Malaysia (SC) has just announced that it has issued a notice directing the promoter of Lavidacoin to cease all promotional activities in relation to Lavidacoin with immediate effect, pending further review by the SC into the matter. DSV Crypto Club, LUX Galaxies and VI Profit Galaxy, who were found to be promoting…
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London based investment manager Odey Asset Management has made filings indicating that it has acquired a 5.02% stake in online gaming and financial trading company Playtech PLC (LON:PTEC). The interest of about 15.9 million Playtech shares (consisting of 6.7 million Playtech ordinary shares and 9.2 million CFDs on Playtech shares) is worth approximately £78.8 million (USD…
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Multi-asset execution and order management systems company FlexTrade has just announced that it has launched a new Back-Testing framework designed to gauge and adjust the performance of past trading strategies for real-time use in trading equities, FX and futures. Just because a trading strategy worked successfully in the past, doesn’t mean it will show the…
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The ETF segment at SIX Swiss Exchange is gaining another high-profile provider: As of today, 5 smart beta ETF issued by Fidelity International trade on SIX. This takes the number of ETF providers available via SIX to a new high of 25, and the number of ETFs to a record of 1’394. Fidelity International is…
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The Financial Conduct Authority (FCA) has just informed the public that it has appointed Sheldon Mills as its new director of competition. Sheldon Mills is currently senior director, mergers and state aid at the Competition and Markets Authority (CMA). At the FCA, Mills will be a central figure in delivering one of the organisation’s operational…
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The Tokyo Commodity Exchange, Inc. (TOCOM) has announced that it has scheduled the listing of Technically Specified Rubber (TSR) futures contracts for October 9, 2018, pending regulatory approval from the Minister of Agriculture, Forestry and Fisheries and the Minister of Economy, Trade and Industry. TSR is a class of natural rubber and, along with Ribbed…
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Derivatives marketplace CME Group has just announced that Henry Hub Natural Gas futures open interest reached a record 1,617,589 contracts on Friday, August 31, surpassing the previous record of 1,606,874 contracts set on August 17, 2018. Open interest represents the total number of outstanding positions held by all participants in a given market. Nine of…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Benford Heritage Credit Union Limited. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of…
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Moscow Exchange (MOEX) has just released its market report for the month of August 2018. Total trading volume across Moscow Exchange’s markets was RUB 79.5 trln last month. Turnover grew on the Derivatives Market (+15.1%), Equity Market (+10.9%), Bond Market (+8.9%) and FX Market (+3.1%). Equity and Bond Market Total trading volumes on the Equity…
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