A former Equity Portfolio Manager at BlackRock pleads guilty to insider dealing LeapRate

November 02, 2016 BY Valentina Kirilova

A former Equity Portfolio Manager at BlackRock pleads guilty to insider dealing

UK financial regulator Financial Conduct Authority (FCA) has announced that Mark Lyttleton, a former Equity Portfolio Manager at BlackRock, has today pleaded guilty to two counts of insider dealing. He will be sentenced on 21 December 2016. Mr Lyttleton admitted dealing on the basis of insider information he obtained during the course of his employment…

November 02, 2016 BY Valentina Kirilova

SIX Swiss Exchange reports 3.5% MoM drop in October's trading turnover, ETFs segment posts the highest growth

SIX Swiss Exchange and SIX Structured Products Exchange have reported that the number of transactions climbed to a total of 3,525,653 in October 2016. This represents a rise of 1.6% compared with the preceding month. However, this increase was not reflected in overall trading turnover, which saw a slight decline of 3.5% to CHF 91.8…

November 02, 2016 BY Valentina Kirilova

SFC bans a former representative of UOB Kay Hian Ltd and UOB Kay Hian Futures for 10 years

The Securities and Futures Commission (SFC) has prohibited Mr Lawrence Lai, a former representative of UOB Kay Hian (Hong Kong) Limited and UOB Kay Hian Futures (Hong Kong) Limited (collectively, UOB Hong Kong), from re-entering the industry for 10 years from 2 November 2016 to 1 November 2026 for breach of the Code of Conduct.…

November 02, 2016 BY Valentina Kirilova

FXSpotStream announces 10.7% jump in October's FX volumes

Multibank FX aggregation service FXSpotStream has reported that October volumes on its system have made quite a jump with 10.7% MoM to $17,104 million Average Daily Volume. FXSpotStream’s best-ever month still remains this past February, at $21 billion ADV. FXSpotStream provides liquidity from 12 leading global banks – BofA Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, BNP…

November 02, 2016 BY Valentina Kirilova

ICAP reports 2.6% rise in October's EBS FX volumes MoM

Markets operator and provider of post trade risk mitigation and information services ICAP plc (LON:IAP) has published the average daily volume data for October 2016. After the heavy summer slowdown last several months, there's been a solid rise in September’s ADV data volumes numbers. A rise continues to be seen in October's report. EBS Volumes…

November 02, 2016 BY Mike Fox

Blackwell Global hikes margin requirements by 2x, 3x for Presidential Election

It was just announced today that UK-FCA regulated FX brokerage Blackwell Global in light of the 58th quadrennial United States presidential election being held on Tuesday, 8 November, 2016, Blackwell Global will increase the margins on selected instruments from Sunday, 6 November 2016, 9:00pm (GMT). The firm's Cyprus regulated office had announced the same margin adjustments…

November 02, 2016 BY Valentina Kirilova

UK crowdfunding company Crowd for Angels partners with Paysafe

The UK crowdfunding company Crowd for Angels has announced that it has selected digital payment solutions provider Paysafe Group Plc (LON:PAYS) as its payment processing provider. Crowd for Angels required a payments partner that could ensure the efficient processing of client card transactions. Paysafe’s global payment processing capabilities and regulated acquiring business met Crowd for…

Bank of China (UK) Limited joins LCH’s SwapClear

November 02, 2016 BY Valentina Kirilova

LCH to launch LCH SwapAgent, a centralised service for the non-cleared derivatives market

The global clearing house LCH has announced today that it will be launching a new service for the non-cleared derivatives market. LCH SwapAgent will benefit from LCH’s expertise in serving and managing risk for the cleared rates & FX derivatives market, providing market participants with a number of solutions designed to materially improve standardisation, efficiency…

November 02, 2016 BY Valentina Kirilova

Bats welcomes ACSI Funds as a new issuer to the Bats ETF Marketplace

Bats Global Markets, Inc. (Bats: BATS) has welcomed ACSI Funds as a new issuer on the Bats ETF Marketplace with the launch of the American Customer Satisfaction Core Alpha ETF (Bats: ACSI). The first ETF from ACSI Funds, the fund utilizes insight into customer satisfaction for more than 350 well-known, national brands, seeking to track the…

November 02, 2016 BY Valentina Kirilova

Deutsche Börse announces October volumes, high demand in the first month of Venture Match

Venture Match, Deutsche Börse Venture Network’s service launched at the end of September, has been in high demand in the first month. With Venture Match, Deutsche Börse brings together growth companies and investors for financing rounds on a neutral platform in a targeted way. In October, eight companies have opted for the offer, which provides…