October 21, 2016 BY Valentina Kirilova

Luxembourg regulator CSSF warns against Millionet Investment Management Limited

The Commission de Surveillance du Secteur Financier (CSSF) has warned of the activities of an entity named Millionet Investment Management Limited, operating at www.millionetasia.com. Millionet Investment Management Limited claims to be located at 26 boulevard Royal, L-2449 Luxembourg. The CSSF has informed that the entity Millionet Investment Management Limited is unknown to it and that the entity…

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October 21, 2016 BY Valentina Kirilova

Bats welcomes fourth Elkhorn ETF to the Bats ETF Marketplace

Bats Global Markets, Inc. (Bats:BATS) has welcomed the Elkhorn Lunt Low Volatility / High Beta Tactical ETF (Bats: LVHB) to the Bats ETF Marketplace. The new issue, which is the fourth Elkhorn ETF to list on Bats, seeks investment results that generally correspond to the price and yield of the Lunt Capital U.S. Large Cap Rotation Index.…

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October 21, 2016 BY Valentina Kirilova

Canadian regulator BCSC adds PrimeBrokerz, owned by Danesi Global Ltd. to its Investment Caution List

Canadian securities regulator the British Columbia Securities Commission (BCSC) has issued a warning to investors regarding PrimeBrokerz, owned by Danesi Global Ltd. at www.primebrokerz.com. According to the BCSC, PrimeBrokerz claims to be based in London, England, and offers an online binary options trading platform. BCSC has recently became aware of PrimeBrokerz and that a British…

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October 20, 2016 BY Valentina Kirilova

KCG announces consolidated loss of $0.13 per share for the third quarter of 2016

KCG Holdings, Inc. (NYSE: KCG) has reported a consolidated loss of $11.2 million, or $0.13 per share, for the third quarter of 2016. The third quarter consolidated loss includes an income tax benefit of approximately $6.1 million or $0.07 per share primarily related to tax deductions and credits generated from the company's software development activities. Select…

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October 20, 2016 BY Valentina Kirilova

ETFGI reports assets invested in ETFs/ETPs listed in the United States reached a new record high of 2.416 trillion US dollars at the end of Q3 2016

ETFGI, the independent research and consultancy firm on trends in the global ETF/ETP ecosystem, has reported assets invested in ETFs/ETPs listed in the United States reached a new record high US$2.416 trillion at the end of Q3 2016. Net flows gathered by ETFs/ETPs in September were strong with US$13.63 Bn of net new assets gathered…

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October 20, 2016 BY Valentina Kirilova

FCA warns on Titanium Wealth Management 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 Titanium Wealth Management. Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has already warned about Titanium Wealth Management Inc. Titanium Wealth Management is not…

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October 20, 2016 BY Valentina Kirilova

KCG bondpoint expands institutional reach with Bloomberg connection

KCG Holdings, Inc. (NYSE: KCG) has announced that KCG BondPoint, the company's electronic fixed income trading venue, is expanding its integration with buy-side OMS providers through a new integrated workflow with Bloomberg. Beginning today, Bloomberg TSOX clients, and those who use Bloomberg AIM for post-trade automation, will be able to source and manage BondPoint's deep pool…

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October 20, 2016 BY Valentina Kirilova

Pragma announces completion of infrastructure upgrade with NY5 migration

Pragma, a provider of high performance algorithmic trading tools and managed services, has completed the upgrade and migration of its New York trading and connectivity infrastructure to Equinix’s NY5 data center. The datacenter move concludes a multi-million-dollar upgrade of Pragma’s technology infrastructure. Over the last year, it has migrated to a new generation of server…

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