Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
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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 Treasury Advisory Group. Treasury Advisory Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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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…
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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…
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The Moscow Exchange has announced that starting on 12:00 AM October 21, 2016 in the Derivatives market "session inactive" error is included into calculation of erroneous transaction fee. This error occurs when a user attempts to send or change an order while trading session for this instrument is inactive. The inclusion of this error is…
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It's been few months since the Hong Kong Exchanges and Clearing Limited (HKEX) has rolled out its Volatility Control Mechanism (VCM) for its securities market. Time has come for the exchange to do the same for its derivatives market on Monday, 14 November 2016. The VCM is a measure designed to protect market integrity by preventing extreme…
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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…
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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…
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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…
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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…
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