ASIC announced that has accepted an enforceable undertaking from Avalon Pacific Capital Pty Ltd in relation to its dealing in securities of five overseas registered companies listed on the National Stock Exchange of Australia (NSX). ASIC is concerned that Avalon Pacific ought reasonably to have suspected that the orders were placed with the intention of…
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Investment giant Leucadia National Corp. (NYSE:LUK) has issued its second quarter results report, giving a little more insight into the money still owed to it by the FXCM unit of Global Brokerage Inc (NASDAQ:GLBR). According to Leucadia, they have nearly recovered the full amount of cash they invested in FXCM in January 2015, and still have $122.1 million…
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Thomson Reuters Corp (NYSE:TRI) just announced completed enhancements to its FXall and FX Trading desktops to ensure clients trading on Thomson Reuters Multilateral Trading Facility (MTF) remain fully compliant with the new MiFID II execution requirements for FX derivatives that will take effect in January 2018. The enhancements enable Thomson Reuters to add MTF-support for…
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Singapore Exchange (SGX) today reported FY2017 net profit of S$339.7 million (S$349.0 million), against revenues of S$800.8 million (S$818.1 million). Excluding a one-off loss of S$4.0 million from the disposal of its investment in the Bombay Stock Exchange and one-off acquisition costs of S$3.7 million for the Baltic Exchange, underlying net profit in FY2017 would…
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The following article was written by Ipek Ozkardeskaya, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). In an exponential fashion, the Australian dollar gained more than 10% against the US dollar since May. The recovery in the Chinese data, combined with a flattening US yield curve brought the carry traders…
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The Board of the International Organization of Securities Commissions (IOSCO) has published its Assessment Committee’s Thematic Review of the Adoption of the Principles set forth in IOSCO’s Report: Recommendations Regarding the Protection of Client Assets (the Principles). The thematic review identifies the implementation progress of 38 IOSCO members from 36 jurisdictions in adopting legislation, regulation…
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New York-based LiquidityBook, a fintech provider of trading and messaging solutions, has just announced the appointment of industry veteran Andrew Carroll as Chief Architect. Mr. Carroll, who will report to CTO Shawn Samuel, will be responsible for the technology architecture of the firm’s SaaS-based platform. He is LiquidityBook’s third major hire in as many months, joining…
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Along with its revenue report, FCA regulated online CFD brokerage house CMC Markets Plc (LON:CMCX) has announced today two additions to its board of directors. It is proposed that Clare Salmon and Paul Wainscott join the Board as a Non-Executive Directors, subject to FCA approval. Clare Salmon has held a broad variety of international leadership…
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Bursa Malaysia Berhad just announced it has started using the Real-time Electronic Transfer of Funds and Securities System (RENTAS) for settlements of payments on Bursa Malaysia Derivatives Clearing Berhad (BMDC). The change to RENTAS will ensure greater efficiency and resilience of the settlements payments mechanism. With the adoption of RENTAS, BMDC can now use the…
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The Eastern Magistrates’ Court today convicted Ms Yan Ching Ching after she pleaded guilty to three counts of making false or misleading representations in support of her licence application to the Hong Kong Securities and Futures Commission (SFC). Yan, among other things, failed to disclose her previous criminal convictions in her SFC licence application in…
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