July 28, 2017 BY Valentina Kirilova

FTSE Russell confirms compliance with IOSCO Principles

FTSE Russell announced that it has published its latest annual Statement of Compliance with the recommendations made by the International Organization of Securities Commissions (IOSCO), as laid out in the Principles for Financial Benchmarks published in July 2013 (the IOSCO Principles). The IOSCO Principles aim to promote the reliability of benchmarks addressing issues surrounding governance;…

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July 28, 2017 BY Valentina Kirilova

Lebanon MT4 broker Aksys Capital partners with Wallstreet Proptrade for trader education

Aksys Capital, a financial services institution, announced today the formation of a strategic partnership with Wallstreet Proptrade, Lebanon's first stock market research and proprietary equity trading academy. Through the partnership, Wallstreet Proptrade will help raise trading standards by educating and training traders/investors at Aksys Capital with an aim to enhance their knowledge of global equity…

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July 28, 2017 BY Valentina Kirilova

Canadian securities regulators publish guidance on conflict of interest transactions

The securities regulatory authorities in Ontario, Québec, Alberta, Manitoba and New Brunswick (the participating jurisdictions) today published CSA Multilateral Staff Notice 61-302 Staff Review and Commentary on Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions. The notice outlines the approach used to review material conflict of interest transactions, including insider bids, issuer…

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DFSA
July 28, 2017 BY Valentina Kirilova

Insider dealer ordered to pay $15.6 million to investors

The Court of First Instance has ordered Ms Sun Min to pay the restoration amount of $15,629,341 to 51 investors affected by her insider dealing in China Huiyuan Juice Group Limited (Huiyuan) shares, Hong Kong Securities and Futures Commission (SFC) just announced. The Court order granted on 17 July 2017 was made under section 213(2)(b)…

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Regulation
July 28, 2017 BY Valentina Kirilova

Richmond Club corrects revenue recognition

ASIC has noted the decision by Richmond Club Limited, operating in the Hawkesbury region NSW, to reissue its 30 June 2016 financial reports to: recognise revenue of $1.1 million over the period of a contract for the use of assets, which runs from May 2015 to April 2016. Revenue had previously been recognised on the…

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July 28, 2017 BY Valentina Kirilova

Pragma introduces algorithmic triangulation for cross pair FX trading on Pragma360

Pragma, a multi-asset quantitative trading technology provider, announced that has enhanced Pragma360’s algorithmic suite to support triangulation of cross pair trading. The new functionality, created in response to client demand, allows traders to trade cross-pairs through triangulation to achieve better prices. By splitting the trade across more liquid currency pairs then triangulating the liquidity through…

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Autochartist Pepperstone trade from email
July 28, 2017 BY Valentina Kirilova

Pepperstone becomes first FX broker to launch email trading with new Autochartist Trade Now platform

Leading Australia-based retail forex broker Pepperstone has announced the launch of a new Autochartist service to their clients, called Trade Now. In this launch Pepperstone becomes the world’s first brokerage company to adopt Autochartist’s new trading functionality that allows clients to place trades directly from Autochartist’s email research. Autochartist is a leading chart pattern recognition…

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