Deutsche Börse announced an unscheduled change to DAX. As a result of the expected merger of Deutsche Börse AG and London Stock Exchange plc, the Deutsche Börse AG current share class (ISIN DE0005810055) in the index will be replaced with the tendered share class of Deutsche Börse AG (ISIN DE000A2AA253). These changes will become effective…
Read moreAn ASIC review of issuer due diligence in initial public offerings (IPO), has found a close correlation between defective disclosure in a prospectus and poor due diligence. Due diligence practices in initial public offerings includes this and other findings and provides ASIC's recommendations for good practice due diligence for issuers and directors. In the context…
Read moreFurther to our coverage yesterday of the £2.6 million fine handed out by the FCA to Towergate, the company has accepted responsibility and agreed to pay a fine of £2,632,000. Towergate has fully cooperated and worked closely with the FCA throughout the investigation. It has settled at the earliest opportunity, resulting in a reduced fine. Towergate…
Read moreInternational clearing house LCH.Clearnet, majority owned by London Stock Exchange Group Plc (LON:LSE), has announced that it plans to close its SwapClear US Service as of next week, on June 23, 2016. The closure of the SwapClear US service will have no effect on the SwapClear Global service offered via LCH.Clearnet Ltd, which continues to be the…
Read moreSwiss Forex brokerage house Dukasсopу Bank is pleased to announce the launch of a new white-label partnership with one of the leading banks in the Republic of Belarus – СJSC MTBank. Since 2015 the forex trading activity in Belarus has received an official legal basis and is now regulated by the National Bank of the Republic…
Read moreCME Group (NASDAQ: CME) announced today that effective Sunday, August 7, 2016 for trade date Monday, August 8, 2016, and pending all relevant CFTC regulatory review periods, CME will list six new European-style Weekly, Monthly, and Quarterly Option. The European-Style Option Contracts will exercise into the nearest quarterly futures contract on the last trading day…
Read moreTwo new exchange-listed index funds issued by BlackRock have been tradable via Xetra and Börse Frankfurt since Wednesday. The new iShares factor ETFs enable investors to participate in the performance of companies with high ESG ratings, i.e. those that place a special focus on the environment and corporate governance. Excluded are companies whose products have negative…
Read moreThomson Reuters has announced the launch of its Org ID managed service solution for Know Your Customer (KYC) due diligence in South Africa, together with design partner banks Barclays Africa, Rand Merchant Bank (a division of FirstRand Bank) and Standard Bank of South Africa, who have all committed to use the Org ID service to…
Read moreFollowing the closing of a $10 million investment round, OpenDoor Trading, LLC (“OpenDoor”) has become the first U.S. bond trading platform both majority-owned and majority-controlled by women. The funds will be used to support technology and business development of an innovative ‘all-to-all’ trading platform for off-the-run Treasuries and TIPS. Launch is scheduled for the fall.…
Read moreThe European Securities and Markets Authority (ESMA) has issued today final guidelines clarifying the implementation of the Market Abuse Regulation (MAR) for persons receiving market soundings and on delayed disclosure of inside information. The new market abuse regime strengthens the existing market abuse framework by extending its scope to new markets, platforms and trading behaviors.…
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