September 07, 2016 BY Valentina Kirilova

HKEX censures a former executive of Tianli Holdings Group Limited

The Listing Committee of The Stock Exchange of Hong Kong Limited has censured Mr Xu Chun Cheng, a former executive director and chief financial officer of Tianli Holdings Group Limited, formerly known as EYANG Holdings (Group) Co., Limited (117:Hong Kong), for breaching his obligations under the Declaration and Undertaking with regard to Directors given to The Stock Exchange…

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September 07, 2016 BY Valentina Kirilova

Hong Kong SFC adds PCG Resources to its alert list

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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September 07, 2016 BY LeapRate Staff

Valutrades completes £1.2M recapitalization to boost marketing efforts around new website - LeapRate Exclusive

LeapRate Exclusive... LeapRate has learned that FCA regulated retail forex and CFD broker Valutrades has completed a £1.2 million recapitalization, as the company looks to both shore up capital and free up money for an increased marketing budget. We understand that Valutrades, which offers trading on the MT4 platform, is planning a serious marketing push…

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September 07, 2016 BY Valentina Kirilova

ING Bank to compensate Living Super customers due to potentially misleading costs and fees statements

ING Bank (Australia) Limited, the promoter and investment manager of the ING Direct Superannuation Fund (Living Super), will compensate around 24,500 members approximately $5.38 million following ASIC concerns that statements made in its promotional material about the fees paid in connection with its Living Super product were potentially misleading. In particular, ASIC was concerned that…

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September 07, 2016 BY Valentina Kirilova

Morgan Stanley pays $123,750 in infringement notice penalty

Morgan Stanley Australia Securities Limited has paid a penalty of $123,750 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP). The MDP had reasonable grounds to believe that Morgan Stanley contravened subsection 798H(1) of the Corporations Act by reason of contravening a number of account reconciliation rules in Part…

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September 06, 2016 BY Mike Fox

FXPA welcomes Jump Trading as Governing Council Member of Forex trade group

The Foreign Exchange Professionals Association (FXPA) today announced the addition of Jump Trading as the newest Governing Council Member of the FX trade group. Jump Trading combines sophisticated quantitative research, best-in-class technology, and an entrepreneurial culture to create a leading global, quantitative-based trading firm. Jump has more than 500 employees across offices in Chicago, New York,…

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September 06, 2016 BY Mike Fox

BM&FBOVESPA becomes first exchange to join R3 distributed ledger consortium

São Paulo based financial exchange BM&FBOVESPA announced today it will be collaborating with over 60 of the world’s largest financial institutions to develop ground-breaking commercial applications for the financial services industry that leverage the appropriate elements of distributed and shared ledger technology. This initiative is part of the company’s strategy of supporting transformative projects that…

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September 06, 2016 BY Mike Fox

Virtual currencies unlikely to crowd out fiat currencies, according to new research

The SWIFT Institute has published a new research paper analysing whether Bitcoin will crowd out fiat currencies in the global community. The paper, entitled “Virtual currencies: Media of exchange or speculative assets?”, looks at the dynamic relationship between virtual currencies, such as Bitcoin, and fiat currencies, and evaluates any immediate risks that virtual currencies pose…

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