Innovative fintech companies in Australia and Ontario will be able to draw on support from the combined resources of their financial regulators as they seek to operate in the others’ market, under a new agreement. Under the agreement, signed in Toronto this week, the Australian Securities and Investments Commission (ASIC) and the Ontario Securities Commission…
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Hong Kong Exchanges and Clearing Limited (HKEX) has presented the unaudited consolidated results of the Exchange for the nine months ended 30 September 2016. Here are some of the highlights: Revenue and overall financial performance remained steady in Q3 2016, compared to the prior quarter, with some pickup in volumes during September. Revenue and other…
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International derivatives marketplace CME Group Inc. (NASDAQ: CME) has announced that October 2016 average daily volume (ADV) reached 13.1 million contracts per day, up 2% from October 2015. CME Group October 2016 electronic options volume averaged 1.5 million contracts per day, a rise of 7% versus October 2015. CME Group year-to-date 2016 ADV through October…
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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…
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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…
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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.…
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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…
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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…
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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…
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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…
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