Canadian Securities Administrators CSA
January 20, 2017 BY Valentina Kirilova

Canadian Securities Regulators adopts rules for Over-the-Counter derivatives clearing

The Canadian Securities Administrators (CSA) announced two new national instruments affecting over-the-counter (OTC) derivatives trading in Canada. The national instruments are part of Canada’s ongoing implementation of commitments to reform the global OTC derivatives markets. These national instruments are designed to align with international standards and provide safeguards in the Canadian market for counterparties transacting…

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Compagnie Financière Tradition (SWX:CFT)
January 20, 2017 BY Valentina Kirilova

Tradition SA revenues drop 1.4% in 2016 to CHF 803.4 million

Swiss interdealer broker Compagnie Financiere Tradition SA (SWX:CFT) has released improved activity level in Q4. Activity level in the fourth quarter 2016 was stronger with reported consolidated revenue of CHF 190.7 million, an increase of 4.8% in constant currencies from the equivalent quarter last year. The Group’s consolidated adjusted revenue was CHF 207.6 million, an…

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January 19, 2017 BY admin

Enforcement Director Aitan Goelman set to leave CFTC

U.S. Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad, who announced himself he would resign at the beginning of the month, today announced that Division of Enforcement Director Aitan Goelman will also leave the agency on February 3, 2017. During Mr. Goelman’s tenure, the Division brought a number of first-in-kind cases utilizing the new enforcement…

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cftc penalty
January 19, 2017 BY Valentina Kirilova

CFTC fines Citigroup Global Markets Inc. $25 Million for spoofing in U.S. Treasury futures markets

The U.S. Commodity Futures Trading Commission (CFTC) issued an Order today filing and settling charges against Citigroup Global Markets Inc. for spoofing — bidding or offering with the intent to cancel the bid or offer before execution — in U.S. Treasury futures markets and for failing to diligently supervise the activities of its employees and…

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January 19, 2017 BY Valentina Kirilova

SIX Swiss Exchange welcomes First Trust as a new ETF issuer

First Trust accesses the Swiss market as ETF issuer with two new ETFs for which Susquehanna is providing the liquidity, SIX Swiss Exchange just announced. With this, SIX Swiss Exchange offers 1’215 ETFs for trading that have been listed by 24 issuers. The two smart beta ETFs newly tradable as of today provide investors additional…

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SFC fines
January 19, 2017 BY Valentina Kirilova

Court Of Appeal Malaysia jails former independent directors of Transmile Group Bhd for misleading disclosures

The Securities Commission Malaysia just announced that the Court of Appeal has unanimously dismissed the appeal by the former independent directors of Transmile who were members of its Audit Committee for having knowingly authorised the furnishing of a misleading statement to the stock exchange. Shukri Sheikh Abdul Tawab, 53, and Jimmy Chin Keem Feung, 52,…

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January 19, 2017 BY LeapRate Staff

SafeCharge reports record Q4 Revenues as Tier 1 customer list grows

Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) has provided a Trading Update on its second half and full year 2016 results, ahead of releasing full financial figures next month. Overall, it was a fairly rosy report issued by SafeCharge. The company stated that it generated record transaction processing volumes and revenues during Q4,…

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January 19, 2017 BY Valentina Kirilova

HKEX lays out its 2017 work plan

Improvements to the listing regime, an expansion of the Connect scheme, new products and enhanced platforms are the four themes of Hong Kong Exchanges and Clearing Limited's (HKEX) key initiatives in 2017, according to a presentation by Chief Executive Charles Li at the bourse operator's annual media lunch. The four themes are a continuation of…

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