August 18, 2016 BY Valentina Kirilova

ASIC accepts voluntary undertaking from Victorian liquidator

ASIC has accepted a voluntary undertaking (VU) from Victoria-based registered liquidator, Gregory Stuart Andrews, of the insolvency firm GS Andrews & Associates. An ASIC investigation found Mr Andrews had not complied with his statutory lodgement and publication obligations. In response, Mr Andrews acknowledged his non-compliance and took the necessary steps to rectify the breach. The…

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August 17, 2016 BY Mike Fox

CFTC charges Las Vegas-based TradeMasters USA, LLC for fraudulently soliciting $155K

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed a civil enforcement action in the U.S. District Court for the District of Nevada charging Mirko “Mick” Schacke of Antioch, California, and his company, TradeMasters USA, LLC (https://www.trademastersusa.com), of Las Vegas, Nevada (the Defendants) with fraud and failing to register with the CFTC, as…

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August 17, 2016 BY Mike Fox

CBOE Futures Exchange officially approved in Singapore

CBOE Holdings, Inc (NASDAQ: CBOE) today announced CBOE Futures Exchange received approval from the Monetary Authority of Singapore (MAS) to be a Registered Market Operator (RMO) in Singapore. With this designation, CFE may now allow professional investors, accredited investors and expert investors, as defined under Singaporean law, to become CFE Trading Privilege Holders (TPHs) and…

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August 17, 2016 BY Mike Fox

New Forex blockchain-based trade platform to launch in 2017?

Financial technology firm Cobalt DL has commenced beta testing with a number of leading FX participants on its private peer-to-peer network that uses distributed ledger technology to significantly cut post-trade cost and risk. After a year of design and testing and following a successful completion of a proof-of-concept with one of the largest FX market…

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August 17, 2016 BY Valentina Kirilova

CESC announces upcoming change to universe of securities for CES 300

Responding to the forthcoming launch of Shenzhen-Hong Kong Stock Connect, China Exchanges Services Company Limited (CESC) has announced there will be a change to the universe of securities for its CES Stock Connect 300 Index (CES 300) upon the start of Shenzhen-Hong Kong Stock Connect. On the launch date, the universe of securities for the “Shenzhen…

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August 17, 2016 BY Valentina Kirilova

Singapore retail securities brokers and CDP to promote electronic statements to all retail investors

Singapore Exchange (SGX) has announced that all the nine retail securities brokers in Singapore and The Central Depository (CDP) will provide electronic statements to customers, starting from the fourth quarter of 2016. These nine retail securities brokers in Singapore are all members of the Securities Association of Singapore (SAS) and SGX-Securities Trading (SGX-ST). Retail investors…

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August 17, 2016 BY Valentina Kirilova

ICE announces expected closing for acquisition of S&P Global’s Securities Evaluations and Credit Market Analysis

Operator of exchanges and clearing houses Intercontinental Exchange (NYSE: ICE) has announced that following U.S. Department of Justice clearance, the company will close its acquisition of S&P Global’s (NYSE: SPGI) Securities Evaluations (SPSE) and Credit Market Analysis (CMA), two assets within the S&P Global Market Intelligence division. ICE shared that it expects to fund the purchase price…

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August 17, 2016 BY Valentina Kirilova

FSB completes peer review of India

The Financial Stability Board (FSB) has published its peer review of India. The peer review examined two topics relevant for financial stability and important for India: the macroprudential policy framework, and the regulation and supervision of non-banking finance companies (NBFCs) and housing finance companies (HFCs). The review focused on the steps taken by the authorities…

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