August 17, 2016 BY Valentina Kirilova

Moscow Exchange announces risk parameters change

Moscow Exchange (MOEX) has announced that NCC Clearing Bank is changing risk parameters in Securities market for EPLN (Europlan) shares starting from August 24, 2016: № Ticker Name Current IM rates New IM rates New concentration limits, sec. S_1_min S_2_min S_3_min S_1_min S_2_min S_3_min 1st level 2nd level 1 EPLN Europlan 100% 100% 100% 70% 85%…

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August 17, 2016 BY Valentina Kirilova

Merger of Deutsche Börse Group and LSEG: Final acceptance ratio: 89.04% of all Deutsche Börse shares tendered

Following analysis of all shares tendered for exchange, Deutsche Börse AG has determined a final acceptance ratio for the Exchange Offer of HLDCO123 PLC (HoldCo) of 89.04%. On June 1, 2016, HoldCo has published its voluntary public takeover offer in the form of an exchange offer to the shareholders of Deutsche Börse for acquiring all…

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August 17, 2016 BY Valentina Kirilova

ASIC cancels Marigold Falconer licence

ASIC has cancelled the Australian financial services licence held by Marigold Falconer International Limited (Marigold Falconer). Marigold Falconer was unable to satisfy ASIC that it could obtain insurance cover for the services it was authorised to provide under the licence, which included providing financial product advice and dealing in financial products. ASIC has previously suspended…

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August 17, 2016 BY Valentina Kirilova

TransferWise launches a business platform

London-based money transfer outfit TransferWise has launched a platform specifically designed for businesses. The company share that TransferWise for Business is a way to move money internationally by using its network of bank accounts around the world to swap money between local accounts so that as little cash as possible crosses borders, making sending money abroad…

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August 17, 2016 BY Valentina Kirilova

SEC fines Health Net Inc. for severance agreements that removed financial incentives for whistleblowing

The Securities and Exchange Commission (SEC) has announced that a California-based health insurance provider has agreed to pay a $340,000 penalty for illegally using severance agreements requiring outgoing employees to waive their ability to obtain monetary awards from the SEC’s whistleblower program. According to the SEC’s order, Health Net Inc. violated federal securities laws by taking away…

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August 17, 2016 BY Valentina Kirilova

ASIC obtains court travel restraint and asset preservation orders against West Australian property developer and Macro Realty Group of companies

The Federal Court in Perth has made interim orders against West Australian-based property developer Ms Desiree Veronica Macpherson and several Macro Realty Group companies of which she is a director and direct/indirect shareholder, following an application by ASIC on July 21, 2016. The companies subject to the orders are: Macro Realty Developments Pty Ltd (ACN…

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August 17, 2016 BY Valentina Kirilova

Fullerton Markets launches Tradency’s RoboX & Mirror Trader platforms

Shortly after the news that RoboX is expanding in Asia, Fullerton Markets has announced a collaboration with financial technology provider Tradency. The deal allows traders on Fullerton Markets to access the Mirror Trader Platform and Tradency’s RoboX. The RoboX system uses a unique algorithm which creates bespoke packages of trading strategies which are constantly updated. Mario Singh, CEO…

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