September 26, 2016 BY Mike Fox

Baltic Exchange shareholders approve of acquisition by SGX

Singapore Exchange (SGX) announced today that the shareholders of The Baltic Exchange Limited (Baltic Exchange) have today approved all the resolutions required in connection with the proposed scheme of arrangement for the acquisition of the Baltic Exchange. Implementation of the Scheme remains subject to the satisfaction of certain conditions which include the High Court making…

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September 26, 2016 BY Valentina Kirilova

R3 and eight banks trial Intel Sawtooth Lake distributed ledger technology for bond trading

Financial innovation company R3, Intel and eight R3 consortium member banks have successfully tested a distributed ledger prototype for bond transactions using Intel technology. The trial used US treasury bonds to demonstrate how distributed ledger technology can support trading in real-world financial markets, delivering the necessary scalability and supporting throughput of over 100,000 transactionsper day.…

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September 26, 2016 BY LeapRate Staff

Forex Week in Focus, September 26: Clinton-Trump debate, OPEC, EU & Japan inflation, US personal income

The following article is based on research by Marshall Gittler, Head of Investment Research for FXPRIMUS. [divide] FXPRIMUS Indicators and events for week of Sep. 26th:  Clinton/Trump debate, OPEC gathering, EU & Japan inflation, US personal income There are some major indicators out this week, but overall the political events are likely to be more…

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September 26, 2016 BY Valentina Kirilova

Loan advantage from Fiserv gives lenders seamless route into automotive finance

Fiserv, Inc. (NASDAQ:FISV) has announced the launch of a multi-tier implementation model for its Auto Loan Origination System (LOS) and Automotive Account Servicing solutions to help new entrants expand into auto financing and growing lenders to improve their efficiencies. According to credit bureaus, an estimated 114 million new loans and leases are expected over the next three…

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September 26, 2016 BY Valentina Kirilova

Thai Stock Exchange to revise listing criteria to enhance newly listed securities’ quality

The Stock Exchange of Thailand (SET) has amended the criteria for the new listing of securities on SET and Market for Alternative Investment (mai), aiming to enhance securities’ quality and increase liquidity, ultimately to strengthen capital market growth, effective from January 1, 2017. In addition, SET and mai have also revised the minimum par value…

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September 26, 2016 BY Valentina Kirilova

Broadridge adds cash management capabilities to GPTM

Broadridge Financial Solutions, Inc. has announced the extension of cash management capabilities to its Global Post Trade Management Solution (GPTM), which helps financial institutions optimize their use of capital across multiple asset classes and global markets. GPTM with cash management capabilities allows financial institutions to manage cash, payments and foreign exchange across asset classes and borders in…

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September 26, 2016 BY Valentina Kirilova

Holland to join France in banning Forex, CFD and Binary Options advertising

When answering Parliamentary questions on September 16, 2016, Netherlands' Minister of Finance Dijsselbloem has announced that he will start working together with the Netherlands Authority for the Financial Markets (AFM) on an advertising ban in the Netherlands for toxic investment products for consumers. The AFM has been warning consumers for some time about binary options…

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September 26, 2016 BY Valentina Kirilova

FCA warns on Unsecured Loan Credit clone firm

Today the UK Financial Conduct Authority put out details of the cloned firm Unsecured Loan Credit. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. The clone firm are using or giving out the following details as part of their…

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