Australia Court dismisses insider trading charges against former Credit Suisse Management vice president LeapRate

May 26, 2017 BY Valentina Kirilova

Australia Court dismisses insider trading charges against former Credit Suisse Management vice president

On 23 May 2017, following a two-day committal hearing at the Sydney Downing Centre, Local Court Magistrate Greg Grogin did not commit Mr Darren Wayne Thompson for trial on any of the 11 charges of procuring insider trading, ASIC announced earlier today. Mr Thompson was formerly employed by Credit Suisse Management Australia, most recently as…

æternity releases a live version of its blockchain platform

May 26, 2017 BY Valentina Kirilova

Russian Quantum Center researchers develop quantum-safe blockchain

The researchers of the Russian Quantum Center developed and tested the first quantum blockchain technology – a method of distributed storage and verification of financial, commercial, and other data protected by quantum cryptography, the Center announced earlier today. 10 years ago blockchain was thought of as some fun for computer geeks but times have changed…

May 26, 2017 BY Valentina Kirilova

Hong Kong SFC adds Marigold Global Markets Corporation to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

May 26, 2017 BY Valentina Kirilova

STOXX opens Hong Kong office, appoints JP Morgan's Jay Lin as Sales Director

STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a global provider of innovative and tradable index concepts, today announced the expansion of its presence in Asia Pacific with the opening of a new office in Hong Kong. To drive the company’s expansion across key Asian markets, STOXX appointed Jay Lin as Sales…

May 26, 2017 BY FxPro

Oil Slumped Post OPEC Extension Announcement

On Thursday, OPEC announced that the existing output cut agreement will be extended for an additional 9 months, which was in line with market expectations. However, the scale of output cut remains the same at 1.8 million barrels a day. Besides, no new OPEC member states will join the agreement extension. In addition, the market…

May 26, 2017 BY Valentina Kirilova

CMC Markets reorganizes management, promotes Grant Foley and David Fineberg

FCA regulated online CFD brokerage house CMC Markets Plc (LON:CMCX) just announced that following a review of the executive director’s roles and responsibilities, the Board has agreed to reorganise the executive management team’s responsibilities to support the delivery of the Group’s strategy. With effect from 1 June 2017, Grant Foley and David Fineberg will assume…

Advanced Markets Ltd signs up to FX Global Code of Conduct

May 26, 2017 BY Valentina Kirilova

ASIC believe Australia spot FX brokers have work to do to comply with new FX Code of Conduct

ASIC released Report 525 Promoting better behaviour: Spot FX today. This report sets out ASIC's observations on key behavioural drivers of conduct arising from recent ASIC investigations into the wholesale spot foreign exchange (FX) businesses of the major Australian financial institutions. The spot FX market is a key global market and is of systemic importance…

May 26, 2017 BY Valentina Kirilova

SafeCharge expands US capabilities via payment card agreement with Chase

Payments technology provider SafeCharge (LON:SCH) announced a partnership to process payments in the United States through Chase, a global company specializing in card processing. Through the partnership, SafeCharge customers will benefit from card processing under domestic conditions. For the consumer, this means a smoother payment experience and a greater likelihood of a transaction being accepted.…

May 26, 2017 BY Valentina Kirilova

Hong Kong SFC adds Grandtag FBI (China) Wealth Management Group Ltd to its alert list

Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks

May 26, 2017 BY Valentina Kirilova

SEC names Peter Uhlmann Managing Executive in Chairman's Office

The Securities and Exchange Commission (SEC) announced that Peter Uhlmann has been named the managing executive in the Office of Chairman Jay Clayton. Mr. Uhlmann will advise Chairman Clayton in matters relating to agency administration, operations, and management, and will serve as the Chairman's primary liaison to divisions and offices on these matters. I am pleased…