Tramonex selects Saxo Payments for cross border transfers LeapRate

September 14, 2016 BY Valentina Kirilova

Tramonex selects Saxo Payments for cross border transfers

The international financial services provider Tramonex has partnered with global transactions services provider, Saxo Payments, for segregated client accounts in 25 currencies, and FX liquidity. As part of Tramonex’s vision to shift away from classical banking and offer a new way of managing international cash flows, the company has joined the Saxo Payments Banking Circle,…

September 14, 2016 BY Valentina Kirilova

GMO Click announces rise in August operating revenue

GMO Click Holdings Inc (TYO:7177) has released the following monthly preliminary report of consolidated operating revenue for August 2016. Preliminary figures described below are subject to change. Operating revenue was a bit higher than in July with the exact number of ¥1,809 million. Still, much lower than the ¥2,549 million YoY. See details in the tables below:

September 14, 2016 BY Valentina Kirilova

FCA to ban former Barclays Wealth senior director

The Financial Conduct Authority (FCA) has published a Decision Notice in respect of Mr Andrew Tinney, formerly Chief Operating Officer of Barclays Wealth and Investment Management (BWA). This sets out the FCA’s finding that Mr Tinney should be publicly censured and banned from carrying out any senior management or Significant Influence Functions in any regulated…

September 14, 2016 BY Valentina Kirilova

ASIC permanently bans Victorian woman from providing financial services

ASIC has permanently banned former Allianz financial adviser Kerrie Marie King from providing any financial services and engaging in any credit activities. In April 2016, Ms King was convicted in the County Court of Victoria on five counts of obtaining property by deception, two counts of obtaining financial advantage by deception, and other unrelated charges.…

September 14, 2016 BY Valentina Kirilova

SFC reprimands and fines HSBC $2.5 million for regulatory breaches

The Securities and Futures Commission (SFC) has reprimanded and fined The Hongkong and Shanghai Banking Corporation Limited (HSBC) $2.5 million for regulatory breaches and internal control failings related to position limit failures. The disciplinary action follows an SFC investigation into the holding by HSBC of open positions in Hang Seng China Enterprises Index futures and…

September 14, 2016 BY Valentina Kirilova

“Stock Trading Whiz Kid” to pay $1.5 million to settle stock newsletter fraud charges

The Securities and Exchange Commission (SEC) has announced that a self-proclaimed “stock trading whiz kid” and his stock newsletter company in Los Angeles have agreed to pay nearly $1.5 million to settle charges that they defrauded subscribers through false statements and misrepresentations. According to the SEC’s complaint, Manuel E. Jesus and his newsletter company Wealthpire Inc.…

September 14, 2016 BY Valentina Kirilova

Thomson Reuters releases ONESOURCE Indirect Tax Certificate Manager 2.1

Thomson Reuters has announced the release of Thomson Reuters ONESOURCE Indirect Tax Certificate Manager 2.1, which optimizes the tax certificate management process for customers by creating additional efficiencies including faster data retrieval for reports and a streamlined process for dropship certificates. The solution, available for deployment on-premise or in the cloud, manages the precise tracking, validating,…

September 14, 2016 BY Valentina Kirilova

Bats reports strong market share across all markets in August

Financial exchanges operator Bats Global Markets, Inc. (Bats: BATS) has reported August data and highlights, including strong market share across all of its markets for the month. Highlights for August include: Maintaining its position as the second-largest U.S. Equities market operator with 21.1% market share; Retaining its position as the largest European stock exchange with 23.4% market…

September 14, 2016 BY Valentina Kirilova

ASIC permanently bans former AMP financial planner

ASIC has permanently banned Mr Rommel Panganiban, of Bella Vista, New South Wales, from providing financial services after an ASIC surveillance found that he failed to act in his clients' best interests or have a reasonable basis for advice, and that he had prioritised his own interests over that of his clients. Mr Panganiban was…

September 14, 2016 BY Mike Fox

360T to offer integrated confirmation matching service in partnership with BELLIN

360T, Deutsche Börse’s venue for FX and independent global provider of a multi-bank, multi-asset trading platform, now offers a fully integrated trade confirmation solution in partnership with BELLIN, a global leader in providing web-based treasury software and services. The solution enables corporate treasuries and banks to automate the exchange and management of deal confirmations for…