ASIC office
January 11, 2018 BY Valentina Kirilova

Seven Australia crowdfunding sites receive ASIC license

The Australian Securities and Investments Commission (ASIC) informed that it has licensed the first crowd-sourced funding (CSF) intermediaries under the new CSF regime. Seven companies have been issued with Australian Financial Services (AFS) license authorisations to act as intermediaries able to provide a crowd-sourced funding service. With the grant of these new authorisations eligible public…

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Deutsche Börse
January 10, 2018 BY Valentina Kirilova

Deutsche Börse welcomes Expat Asset Management as new ETF issuer

First ETF with access to Bulgarian stock market launched on Xetra More news from the Bulgarian market today, as the first exchange traded fund (ETF) issued by Expat Asset Management has been tradable on Xetra and Börse Frankfurt since Wednesday. The Expat Bulgaria SOFIX UCITS ETF tracks the performance of the Bulgarian SOFIX Index, giving investors…

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January 10, 2018 BY Valentina Kirilova

BNP Paribas Asset Management completes end-to-end fund transaction test using Blockchain

BNP Paribas Asset Management announced that it has successfully completed a full end-to-end fund transaction test late last year, using blockchain technology. The test has been conducted leveraging on BNP Paribas Securities Services’ blockchain programme, Fund Link and FundsDLT, a blockchain-based decentralized platform for fund transaction processing, which has been developed through collaboration between Fundsquare…

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ESMA ceases renewal of product intervention CFDs measures
January 10, 2018 BY Valentina Kirilova

ESMA delays publication of double volume cap data

The European Securities and Markets Authority (ESMA) announced that it has decided to delay the publication of the data on the double volume cap (DVC) mechanism for January 2018. The current quality and completeness of the data does not allow for a sufficiently meaningful and comprehensive publication of double volume cap calculations, as required under…

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WFE World Federation of Exchanges
January 10, 2018 BY Valentina Kirilova

WFE publishes position paper on FinTech in the market infrastructure space

The World Federation of Exchanges (WFE), which represents more than 200 market infrastructure providers including exchanges and CCPs, today published a position paper summarising the WFE’s current views on FinTech and the regulatory environment surrounding it. The purpose of the paper - entitled FinTech in the Market Infrastructure Space - is to support ongoing compliance…

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IG Group office
January 10, 2018 BY Valentina Kirilova

IG Group welcomes FCA's review of the CFD market

UK online trading leader IG Group Holdings plc (LON:IGG) noted that the Financial Conduct Authority (FCA) have today issued a letter to all providers and distributors of contracts for difference (CFD) products. IG informed that it welcomes the FCA's review on the provision and distribution of CFD products to clients on an advisory or discretionary…

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Ripple
January 10, 2018 BY Valentina Kirilova

New infographic shows 36,000% growth of Ripple

BuyRipple.com have just released a new infographic, revealing 36,000% growth of ripple. The payment network and the payment protocol behind it announced several banking partnerships in 2017, helping to push the price to a high of $3.84. The company is set to revolutionise payment systems across the financial sector. Ripple has overcome brand changes and…

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