September 12, 2016 BY Valentina Kirilova

AMF consults on the future implementation of new MiFID II provisions on payments for research

Ahead of the application of the new European regulatory framework on markets in financial instruments (MiFID II), the Autorité des Marchés Financiers (AMF) is reflecting on the implementation of new provisions on payment for research used by professionals providing investment advice on an independent basis or portfolio management. The AMF is thus launching a public…

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September 12, 2016 BY Valentina Kirilova

Deputy Governor Minouche Shafik to leave Bank Of England

Minouche Shafik, Deputy Governor for Markets and Banking, will leave the Bank at the end of February 2017 to become the Director of the London School of Economics (LSE). Bank of England Governor Mark Carney commented: We will say farewell to Minouche with gratitude and regret. She helped drive vital reforms on the domestic and…

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September 12, 2016 BY Valentina Kirilova

GAIN Capital reports operating metrics for August 2016, ECN average daily volume drops 21.1% MoM

After the announcement that August FX volumes decreased by 5% YoY, GAIN Capital Holdings, Inc. (NYSE: GCAP) has reported certain operating metrics for the month of August 2016. Retail Segment Metrics OTC average daily volume of $8.3 billion, a decrease of 17.6% from July 2016 and 54.9% from August 2015. OTC trading volume of $191.9 billion, a decrease…

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September 12, 2016 BY Valentina Kirilova

iSTOXX FactSet Thematic Indices to underlie four ETFs

STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a provider of innovative and tradable index concepts, has announced that the newly launched iSTOXX FactSet Thematic Indices that capture megatrends in investing have been licensed to iShares to underlie four exchange-traded funds (ETFs). iShares is a provider of ETFs, owned by BlackRock. The iSTOXX…

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September 12, 2016 BY Valentina Kirilova

Deutsche Börse welcomes Uniper SE IPO on Frankfurt Stock Exchange

Uniper SE (ISIN: DE000UNSE018) has been listed in the Prime Standard at the Frankfurt Stock Exchange since September 12, 2016. A total of about 366 million shares were placed in the IPO. The total issue volume was approximately €3.7 billion. The initial listing price was €10.015. Listing Agents were J.P. Morgan und Morgan Stanley. Designated…

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September 12, 2016 BY Valentina Kirilova

ASIC permanently bans former Sydney finance broker

ASIC has permanently banned former Sydney finance broker, Jennifer Farias of Elderslie, from engaging in credit activities and providing financial services. The bannings follow an ASIC investigation and criminal action against Ms Farias who pleaded guilty in the NSW Local Court in the Downing Centre in Sydney to three charges of loan fraud. ASIC's Deputy…

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September 12, 2016 BY Valentina Kirilova

CYSEC extends suspension of the authorisation of Atlas Capital Financial Services Ltd

The Cyprus Securities and Exchange Commission has clarified that the suspension of the authorisation of the Cyprus Investment Firm Atlas Capital Financial Services Ltd has automatically been extended and the proceedings for the possible withdrawal of the relevant authorisation has commenced, pursuant to section 26(4)(b) of the Investment Services and Activities and Regulated Markets Law…

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