Citigroup Global Markets Australia Pty Ltd has paid a penalty of $50,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP). The MDP announced that had reasonable grounds to believe that Citigroup had contravened subsection 798H(1) of the Corporations Act 2001 by failing to comply with Rules 3.1.7(1), 3.1.10,…
Read more
Nobody like a tie. Not in sports. And certainly not in politics. But after a brief yet highly volatile UK election contest, it looks like that it what we just might get. Initial exit polls (see above, source: CNN) are indicating that Theresa May's Conservatives are likely to lose their parliamentary majority, yet remain as…
Read more
GBP/USD has rallied around 3.14% since Theresa May announced a snap general election, as markets largely priced in a Tory victory. GBP/USD has been trading above the downside uptrend line support since May 31st. Today is the market-focused UK general election. The Tories are expected to remain in power, however, now it is hard to…
Read more
Effective 1 September, Dr Christian Altvater (53) is to become the head of Deutsche Börse Group's newly created Tax department. As Managing Director, Altvater, who holds a degree in law, will report directly to Deutsche Börse AG CFO Gregor Pottmeyer. Altvater is joining Deutsche Börse from PricewaterhouseCoopers, where he served as a partner in Financial…
Read more
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 firm Barton & Rose. Barton & Rose is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read more
The Board of the Cyprus Securities Exchange Commission (CySEC) just announced that has issued series of fines against former executives of CommexFX with a total amount of €400.000. CySEC has previously fined the company CommexFX, and after numerous suspensions of its license, has finally decided to wholly withdraw the authorisation with number CIF 153/11 of CommexFx Ltd,…
Read more
National Settlement Depository (NSD), Russia’s central securities depository, announced that has expanded settlement opportunities for its clients: it has conducted the first DVP transaction via a correspondent account with the Bank of Russia. Along with DVP settlements in NSD and on accounts with foreign banks, NSD also provides its clients with the opportunity to conduct…
Read more
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 firm Chicago Law Group. Chicago Law Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read more
Singapore Exchange (SGX) today welcomed Sanli Environmental Limited to Catalist under the stock code “1E3”. Sanli Environmental Limited is a Singapore-based environmental engineering company with more than 10 years of experience in water and waste management. Its expertise includes the design, supply, delivery, installation, commissioning, maintenance, repair and overhaul of mechanical and electrical equipment, as…
Read more
TradAir, the global provider of Trading Technology solutions for banks, brokers, prime of primes and regulated marketplaces, announced today that Illit Geller, co-founder and Chief Executive Officer, has decided to step down as CEO. Illit will remain a member of the Company’s Board of Directors, and the Board has launched an executive search for a…
Read more