The Hong Kong Securities and Futures Commission (SFC) has publicly censured and imposed a 24-month cold shoulder order against Yeung Wing Yee for breaching the mandatory general offer obligation of the Takeovers Code. Yeung became a shareholder of Union Asia Enterprise Holdings Limited (Union Asia) in July 2016. He increased his interest in Union Asia…
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A 31-year-old South Australian man has pleaded guilty in the District Court of South Australia to market manipulation charges under sections 1041A(c) and 1041B(1)(a) of the Corporations Act following an ASIC investigation into his trading in contracts for difference (CFDs) and shares. Stefan Mark Boitcheff, a day trader living in Virginia, South Australia, pleaded guilty…
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After experiencing a steady decline for the past 18 months, shares of Hong Kong based Retail FX broker KVB Kunlun Financial Group Ltd (HKG:8077) more than doubled in Thursday trading. KVB shares closed at HK$ 0.82 Thursday, after sitting at just HK$ 0.40 on Wednesday. The big move, up to a new 52-week high for…
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easyMarkets, the premium-service trading platform, today announced the appointment of Jimmy Pan to the position of Head of Sales, Asia Pacific. Based out of Sydney, Pan will work closely with easyMarkets' global and local dealing teams to drive new account and revenue growth throughout the wider APAC region. Jimmy Pan brings over 10 years of…
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ULLINK, the global provider of electronic trading and connectivity solutions to the financial community, today announced it has successfully certified its MiFID II Trade Reporting solution with TRADEcho, the Approved Publication Arrangement (APA) of the London Stock Exchange (LSE) that provides comprehensive pre- and post-trade transparency services. ULLINK’s Trade Reporting solution offers a centralised approach…
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Multinational banking and financial services holding company J.P. Morgan (NYSE:JPM) announced that clears its first NDF trades with LCH ForexClear on behalf of non-member clients since the introduction of uncleared margin rules FX is the latest addition to J.P. Morgan’s OTC clearing offering and highlights its commitment to providing clients a comprehensive platform across all…
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On 24 September, Germany will elect the lower house of its federal parliament (Bundestag). Prior to the election, financial markets will be particularly volatile, in reaction to winner/loser projections and other surveys of voter opinion. Thanks to a new artificial-intelligence (AI) tool from Swiss online banking and brokerage leader Swissquote Group Holding SA (SWX:SQN), investors…
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Saxo Bank reports higher profits and client assets as digital transformation gathers momentum ahead of 25 year anniversary milestone Copenhagen based multi-asset broker Saxo Bank has reported a net profit of DKK 229 million for the first six months of 2017, an increase of 45% compared to the first half of 2016. Clients’ collateral deposits…
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The free, safe and convenient payment option is now available to 122 million Brazilian internet users in the highly dynamic eGaming Community paysafecard, an online prepaid payment methods company and part of Paysafe Group plc (LON:PAYS), announced that enters Brazil, offering a free of charge online prepaid payment solution for over 122 million internet users…
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ASIC has noted the decision by AusTex Oil Limited (AusTex) to make a US$6.17 million impairment charge against oil and gas assets in its financial report for the half-year ended 30 June 2017. ASIC had raised concerns about the value of oil and gas assets in the AusTex financial report for the half year ended…
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