sec building
October 24, 2016 BY Valentina Kirilova

SEC charges board member with insider trading during and after board meeting

The Securities and Exchange Commission (SEC) has charged a Tennessee-based lawyer who served on the executive committee of the board of directors at Nashville-based Pinnacle Financial Partners with insider trading based on nonpublic information he learned about an impending merger. The SEC alleges that James C. Cope obtained more than $56,000 in ill-gotten gains by purchasing…

Read more
Deutsche Börse
October 24, 2016 BY Valentina Kirilova

Deutsche Börse announces four new iShares smart beta ETFs launched on Xetra

Deutsche Börse has announced that four new iShares equity index ETFs from BlackRock's product offering have been tradable via Xetra and Börse Frankfurt since Monday. Name: iShares Edge MSCI USA Size Factor UCITS ETF Asset class: equity index ETF ISIN: IE00BD1F4K20 Total expense ratio: 0.2% Distribution policy: accumulating Benchmark: MSCI USA Mid-Cap Equal Weighted Index…

Read more
October 24, 2016 BY Valentina Kirilova

Synchrony Financial joins R3 distributed ledger consortium

Financial innovation firm R3 has announced the addition of Synchrony Financial (NYSE: SYF) to its partnership dedicated to designing and applying distributed and shared ledger-inspired technologies to global financial markets. Synchrony Financial – the first credit card company to join the consortium – will be collaborating with numerous financial institutions to develop ground-breaking commercial applications for…

Read more
October 24, 2016 BY Mike Fox

TriOptima and SwapClear include first client-cleared trades in triReduce swap compression

TriOptima, a leading provider of OTC derivatives post-trade risk management services and infrastructure, announces today that the first client-cleared trades were included in the most recent SwapClear compression cycle for Canadian Dollar (CAD) interest rate swaps. The entire CAD cycle had 18 participants who eliminated $1.38 trillion CAD (US$ 1.05) in notional principal. Client-cleared trades…

Read more
October 24, 2016 BY Valentina Kirilova

ASIC seeks orders to wind up investment and technology companies

ASIC has applied to the Supreme Court of Queensland for orders to wind up two public companies, Gognos Holdings Ltd (Gognos) and Dynamic Agri Tech Ltd (Dynamic), on just and equitable grounds. In particular, ASIC alleges that: the companies have been involved in multiple contraventions of corporations legislation and are not complying with their obligations…

Read more
October 24, 2016 BY Valentina Kirilova

US online trading consolidation continues with TD close to $4 billion Scottrade deal

TD Ameritrade Holding Corp. and its largest stakeholder, Toronto-Dominion Bank, are close to a deal to buy online brokerage Scottrade Financial Services Inc. for $4 billion. TD Ameritrade would acquire Scottrade’s brokerage operations for about $2.7 billion in cash and stock, while Toronto-Dominion would purchase Scottrade’s banking operations for $1.3 billion in cash, according to…

Read more
October 24, 2016 BY Valentina Kirilova

Invast Securities' PurePrime adds liquidity from Citadel

Citadel Securities, an international market-maker across the equities, futures, options, treasuries, FX and swaps markets, has partnered with Japanese brokerage Invast Securities Co. Ltd. (TYO:8709), to become the newest liquidity provider available via the Invast Global multi-asset prime services facility, PurePrime. PurePrime now offers disclosed bank, non-bank and ECN liquidity with aggregation of more than 20 unique FX…

Read more
Plus500 fiscal year 2017 volumes
October 24, 2016 BY Valentina Kirilova

Plus500 sees strong Q3 with revenue up 14% YoY

CFD broker Plus500 Ltd (LON:PLUS) has provided a trading update for the three and nine months ended 30 September 2016. In the nine months ended 30 September 2016, revenue was $236.3m an increase of 14% compared to the same period last year. However, strictly Q3 revenue compared to last year was slightly down 4% to…

Read more