Middle East SWF selects AxiomSL’s platform for shareholding disclosure reporting LeapRate

February 26, 2018 BY Valentina Kirilova

Middle East SWF selects AxiomSL’s platform for shareholding disclosure reporting

AxiomSL, the provider of regulatory reporting and risk management solutions, today announced that a large Sovereign Wealth Fund (SWF) has recently chosen AxiomSL’s strategic platform for Global Shareholding Disclosure compliance. Regulators on a global level require market participants to make disclosures when they accumulate a substantial shareholding in an entity, invest in a protected industry,…

February 26, 2018 BY Valentina Kirilova

Stock Exchange of Thailand to launch T+2 settlement cycle

The Stock Exchange of Thailand (SET) and market participants have confirmed their readiness to move toward the T+2 settlement cycle (T+2) on March 2, 2018, after successfully completed all preparation. SET has become one of the leading exchanges in ASEAN to move toward the T+2 cycle. This will align the operational process with international practice…

February 26, 2018 BY Valentina Kirilova

Virtu and Fidessa announce liquidity partnership

Fidessa group plc (LON:FDSA) and Virtu Financial (NASDAQ:VIRT) today announced a partnership to connect Virtu Systematic Internaliser’s customisable liquidity to Fidessa’s market access solutions. Fidessa’s partnership with Virtu enables clients to access Virtu’s fully transparent and disclosed liquidity, together with improved upstream workflow to manage the more complex trading environment brokers now find themselves in.…

February 26, 2018 BY Valentina Kirilova

FCA to introduce a Public Register

Later this year, the Financial Conduct Authority (FCA) informed that it will consult on proposals to make information available on a wider range of individuals at authorised firms. The FCA and Prudential Regulation Authority (PRA) currently maintain a public Financial Services Register, “the FS Register”, of the firms they regulate and the individuals they have…

February 26, 2018 BY Valentina Kirilova

Hong Kong SFC and FINMA sign Fintech cooperation agreement

The Securities and Futures Commission (SFC) announced that it has entered into an agreement with the Swiss Financial Market Supervisory Authority (FINMA) to establish a framework for cooperation on financial technology (Fintech). Under the agreement, the SFC and FINMA will cooperate to share information on emerging Fintech trends, developments and related regulatory issues as well…

February 26, 2018 BY Valentina Kirilova

ASIC to appoint liquidator to Superfunded

ASIC announced that it has applied to the Federal Court of Australia for the appointment of a liquidator to Superfunded Pty Ltd, a WA-based company that encouraged customers to set up self-managed super funds. In particular, ASIC alleges that Superfunded in encouraging customers to set up self-managed super funds: by itself or through its officer…

February 26, 2018 BY Valentina Kirilova

China FX broker TigerWit appoints IG Group's Tim Hughes as CEO

The TigerWit Group has announced that following the acquisition of Mercor Index it has changed the business name to TigerWit Limited and appointed Tim Hughes as Chief Executive Officer (CEO), with Mercor founder Simon Denham becoming Chief Risk Officer (CRO). The move brings together two former competitors, with Tim Hughes having been a longtime senior…

February 26, 2018 BY Valentina Kirilova

FCA warns against solidcfd.com website

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the website solidcfd.com. solidcfd.com is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…

February 26, 2018 BY Valentina Kirilova

NEX and CFETS launch Chinese FX trading platform

NEX (LON:NXG), a financial technology company at the centre of the global markets, announced that it has partnered with China Foreign Exchange Trade System (CFETS), China's interbank market trading platform and infrastructure provider, to launch 'CFETS FX2017' (FX2017), a next-generation trading platform for the Chinese foreign exchange (FX) market. Having selected NEX to deliver the…

February 26, 2018 BY Valentina Kirilova

SICO UAE joins Nasdaq Dubai’s derivatives market

Securities & Investment Company UAE (SICO UAE) announced that it has joined Nasdaq Dubai’s derivatives market as a Member, in order to provide its clients with new opportunities to take positions on regional share markets. The move is the latest step in a regional expansion programme by Bahrain-based SICO. This has also included SICO UAE…