October 12, 2016 BY Valentina Kirilova

ASX updates its Cash Equities and Settlement Code of Practice

Australia Securities Exchange (ASX) has updated its Cash Equities Clearing and Settlement Code of Practice to align with the set of Regulatory Expectations released today by the Council of Financial Regulators (CFR). The Regulatory Expectations provide a framework for ASX’s conduct in operating its cash equities clearing and settlement (CS) services while it remains the…

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October 12, 2016 BY Valentina Kirilova

Nasdaq announces end-of-month open short interest positions in Nasdaq Stocks

At the end of the settlement date of September 30, 2016, short interest in 2,325 Nasdaq Global MarketSM securities totaled 7,507,019,393 shares compared with 7,538,279,223 shares in 2,320 Global Market issues reported for the prior settlement date of September 15, 2016. The end-of-September short interest represents 4.16 days average daily Nasdaq Global Market share volume…

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October 11, 2016 BY Valentina Kirilova

Thomson Reuters launches TRAC to combat trade based money laundering

Business information giant Thomson Reuters Corp (NYSE:TRI) has announced the launch of TRAC, its new anti-money laundering solution to combat trade based money laundering (TBML) and drive transparency and efficiency across trade finance. TBML is the use of international trade as a channel for legitimizing money attained from illicit activities. Schemes vary in complexity but typically involve…

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October 11, 2016 BY Valentina Kirilova

S&P Dow Jones Indices and MarketAxess enter strategic agreement to Build U.S. Corporate Bond Indices

S&P Dow Jones Indices has entered into an agreement with MarketAxess, an electronic trading platform for fixed-income securities and a provider of market data and post-trade services for the global fixed-income markets, to jointly develop indices that will track the most liquid segments of the U.S. corporate bond market. Alex Matturri, Chief Executive Officer of…

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October 11, 2016 BY Valentina Kirilova

FCA warns on Utility Bill Solutions firm

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 Utility Bill Solutions. Utility Bill Solutions is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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October 11, 2016 BY Valentina Kirilova

ESMA publishes updated Q&A on CFDs and other speculative products

The European Securities and Markets Authority (ESMA) has published today an updated version of its question and answer document (Q&A) on the application of the Markets in Financial Instruments Directive (MiFID) to the marketing and sale of financial contracts for difference (CFDs) and other speculative products to retail clients (such as binary options and rolling…

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October 11, 2016 BY Valentina Kirilova

DGCX Group welcomes ABN AMRO Clearing Bank N.V. as clearing member

Dubai Gold and Commodities Exchange (DGCX) has welcomed ABN AMRO Clearing Bank N.V. as a Special Clearing Member on Dubai Commodities Clearing Corporation (DCCC). DCCC is a wholly owned subsidiary of DGCX and acts as central counterparty for all trades executed on the Exchange. ABN AMRO Clearing is a global company in clearing and post-trade services and…

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October 11, 2016 BY LeapRate Staff

ETX Capital sees 2015 Revenues up 20% to £41.3 million

LeapRate Exclusive... LeapRate has learned via regulatory filings that 2015 was another banner year of growth for ETX Capital. After seeing 2014 revenues soar by 38%, the company continued the positive momentum in fiscal year 2015, with revenues up another 20% to £41.3 million (USD $51 million). However the growth came at a cost, with…

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