To achieve MiFID II’s aim of greater transparency, having a proper golden source of instrument data is key for every market participant. Fortunately, under the new rules, ESMA is required to publish a list of all financial instruments traded on all trading venues and systematic internalisers, enriched with useful, related information such as MiFIR transparency…
Read moreFiserv, Inc. (NASDAQ: FISV), the global provider of financial services technology solutions, has announced that Devin McGranahan has been named president of its Billing and Payments Group, effective November 1, 2016. McGranahan succeeds Rahul Gupta, who will leave Fiserv in December 2016 to pursue other interests. McGranahan brings more than 25 years of business and…
Read moreETF Managers Group in partnership with Spirited Funds, LLC has debuted its newest fund, the Spirited Funds/ETFMG Whiskey and Spirits ETF (NYSE ARCA: WSKY). Trading on the NYSE Arca, WSKY invests primarily in companies that derive the majority of their revenue from producing and marketing whiskey and spirits, as well as a small number of companies…
Read moreNEI Investments has announced the successful launch of the NEI Global Value Fund to be managed by Maj Invest Asset Management Fondsmæglerselskab A/S (Maj Invest). Based in Copenhagen and one of Denmark's asset management companies, Maj Invest adds further depth to NEI's roster of third party sub advisors and even greater expertise and resources within global…
Read moreMany investment banks use their London hubs to run their EU operations, relying on the passporting system that allows them to operate across the bloc while being regulated just in Britain. The Brexit vote could threaten those arrangements if banks no longer have access to the single market. Rob Rooney, CEO of Morgan Stanley International,…
Read moreOTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, has announced Poydras Gaming Finance Corp. (TSX-V: PYD; OTCQX: PYDGF), a regional slot route operator in Oklahoma and Texas, has qualified to trade on the OTCQX® Best Market. Poydras upgraded to OTCQX from the Pink® market. Poydras begins trading today…
Read moreThe European Securities and Markets Authority (ESMA) has published an updated questions and answers (Q&A) document on the application of the Undertakings for the Collective Investment in Transferable Securities Directive (UCITS). The Q&A includes four new questions and answers on: regulated markets in Member States under the UCITS Directive, translation requirements in relation to the…
Read moreHong Kong Exchanges and Clearing Limited (HKEX) has appointed Guo Xiaoli as Chief Executive of the commodity-trading platform it is building in the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Mainland China. It is a new position. The platform will offer spot trading with physical delivery. Mr Guo has 28 years of trading…
Read moreThe Financial Conduct Authority (FCA) has fined Sonali Bank (UK) Limited (SBUK) £3,250,600 and has imposed a restriction, preventing it from accepting deposits from new customers for 168 days. It has also fined the bank’s former money laundering reporting officer (MLRO), Steven Smith, £17,900 and prohibited him from performing the MLRO or compliance oversight functions…
Read moreThe Securities and Futures Commission (SFC) has suspended Mr Lo Tsz On for one year from 12 October 2016 to 11 October 2017 following his conviction for fraud. The Magistrates’ Court found that Lo fraudulently presented three false entertainment claim forms to his then employer, Core Pacific-Yamaichi International (H.K.) Limited (CPY), in which he overstated…
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