Hong Kong Exchanges and Clearing Limited (HKEX) hosted a ceremony at its Exhibition Hall Monday morning to mark today's successful launch of Shenzhen-Hong Kong Stock Connect (Shenzhen Connect). Shenzhen Connect builds on the solid foundation of the Shanghai-Hong Kong Stock Connect programme launched in 2014. The expanded list of eligible stocks offers international and Hong…
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The U.S. Commodity Futures Trading Commission (CFTC) today voted unanimously to repropose regulations implementing limits on speculative futures and swaps positions as called for in the Dodd-Frank Wall Street Reform and Consumer Protection Act. In a separate vote, CFTC approved final aggregation regulations, which are a key component of the CFTC’s existing position limits regime.…
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Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that ICE Data Services’ Continuous Evaluated Pricing (CEP) has been integrated into BlackRock Solutions’ Aladdin risk and enterprise investment system. BlackRock, Inc. (NYSE: BLK) Aladdin is the premier portfolio management system for investment managers that…
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The U.S. based regulator Financial Industry Regulatory Authority (FINRA) announced today that it has fined Credit Suisse Securities (USA) LLC $16.5 million for anti-money laundering (AML), supervision and other violations. The regulator just last week, sanctioned Merrill Lynch $7 million for inadequate supervision of leverage in customer brokerage accounts. In this case, FINRA found that Credit…
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Singapore Exchange (SGX) announced today the appointment of Michael Luk as the new Head of Fixed Income Origination and Sales, effective January 1st, 2017. Reporting to Mr. Chew Sutat, SGX Head of Equities & Fixed Income, Mr. Luk is tasked with spearheading the growth of SGX’s fixed income businesses through deeper and broader relationships with market…
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Marex Spectron, the global commodities broker, today announced the appointment of Jarrad Lewis as US Head of Natural Gas Liquids (NGL). Lewis is based in the Houston office and reports to Hunter Baldwin, Marex Spectron Managing Director and Head of North America. Lewis was previously at ION, where he was the Co-Head of the NGL…
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The U.S. Securities and Exchange Commission (SEC) has announced insider trading charges against a San Francisco-based IT specialist who allegedly hacked senior executives at online travel company Expedia Inc (NASDAQ:EXPE) and illegally traded on company secrets. The SEC alleges that Jonathan Ly, who worked in Expedia’s corporate IT services department, illegally traded in advance of nine…
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The U.S. Securities and Exchange Commission (SEC) today announced that a whistleblower has been awarded approximately $3.5 million for coming forward with information that led to an SEC enforcement action. Jane Norberg, Chief of the SEC’s Office of the Whistleblower, said: Whistleblowers do a tremendous service to the investing public and we will continue to…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Totally Money. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…
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This article was written by Ipek Ozkardeskaya, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). Italian populists said the last word on Sunday. Italy’s constitutional referendum, which was also a confidence vote for Prime Minister Matteo Renzi, has been rejected with 59%. Renzi resigned amid a heavy defeat. The euro…
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