Deutsche Börse
December 09, 2016 BY Valentina Kirilova

Two new BNP Paribas precious metal ETCs launched on Xetra

ETCs provide access to performance of gold and palladium Two new exchange traded commodities (ETCs) issued by BNP Paribas Arbitrage Issuance B.V. have been tradable on Xetra and Börse Frankfurt since Friday. The BNPP Gold ETC enables investors to participate in the performance of the precious metal gold, and the BNPP Palladium ETC tracks the…

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Deutsche Bank
December 09, 2016 BY Valentina Kirilova

Deutsche Bank moves top CDS trader amid $1.1 trillion exit to a role in emerging-market bonds

Deutsche Bank AG moved the trader who was leading the wind-down of a $1.1 trillion credit-default swaps portfolio to a role in emerging-market bonds, according to Bloomberg. Aditya Singhal, described as “one of the most profitable traders” at Deutsche Bank’s European credit business, will become head of local markets trading for central and eastern Europe,…

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December 09, 2016 BY Valentina Kirilova

Börse Berlin implements Scila Surveillance for prevention of market abuse and insider dealing

Börse Berlin has chosen to implement Scila Surveillance, provided by the Stockholm-based independent surveillance technology provider Scila. Scila will provide Börse Berlin with a highly flexible real-time market surveillance solution. Scila Surveillance will be used by Börse Berlin to monitor and prevent Market Abuse and Insider Dealing, protecting investors and strengthening confidence in the financial…

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December 09, 2016 BY Valentina Kirilova

LSE welcomes Creo Medical Group’s AIM IPO

London Stock Exchange welcomed the AIM flotation of Creo Medical Group, a medical device company focused on the emerging field of surgical endoscopy. The Chepstow-based company raised £20 million on admission, with a market capitalisation of approximately £61 million. The company has been supported by Finance Wales, who have an equity stake in the company. The…

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December 09, 2016 BY Valentina Kirilova

FCA warns on Novostar Finance Co Ltd firm

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 Novostar Finance Co Ltd. Novostar Finance Co Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying…

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December 09, 2016 BY Valentina Kirilova

SFC and HKEX keep rights issues and open offers under scrutiny

The Securities and Futures Commission (SFC) and The Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), are closely monitoring rights issues and open offers that substantially dilute the interests of non-subscribing minority shareholders (highly dilutive offers). The SFC and the Exchange are concerned that in some…

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December 09, 2016 BY Valentina Kirilova

SFC releases survey on the selling of investment products

The Securities and Futures Commission (SFC) today released a new Survey on the Sale of Non-exchange Traded Investment Products based on responses to a questionnaire sent to 1,611 licensed corporations. The SFC conducted this survey with an aim to understand the industry landscape and to obtain an overview of the types and value of investment…

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December 09, 2016 BY LeapRate Staff

Binary options broker and FC Porto sponsor BuzzTrade renounces CySEC CIF license

Cyprus financial regulator CySEC has announced that binary options operator Airfinance Pro Ltd has renounced its CIF license, and is no longer regulated by CySEC. Airfinance manages several binary options brokerage brands, including BuzzTrade (at buzztrade.com) and Investing Area (at investing-area.com). BuzzTrade is a sponsor of Portuguese Primeira Liga football club FC Porto. Airfinance may have had…

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