August 16, 2016 BY Mike Fox

Euromoney acquires FastMarkets and extends Metal Bulletin's capabilities into real-time data delivery

Euromoney Institutional Investor PLC (LON:ERM), the international online information and events group, and the owner of Metal Bulletin, the global metals and mining price reporting agency, has signed a binding contract to acquire 100% of the shares of FastMarkets Ltd. FastMarkets is a leading provider of real-time metals market information. It will become an integral…

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August 16, 2016 BY Valentina Kirilova

Clearstream announces July report, TARGET2-Securities platform is gaining momentum

The banking company Clearstream has just announced its July report. The pan-European settlement platform TARGET2-Securities (T2S) is gaining momentum. The third migration wave will take place next month, and more and more market participants now focus on optimising their operating model in a T2S world. Clearstream Chairman Jeffrey Tessler when presenting Clearstream’s monthly figures, mentioned: Although T2S…

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August 16, 2016 BY Valentina Kirilova

CMA sets out provisional concerns about ICE/Trayport merger

The Competition and Markets Authority (CMA) has provisionally found that ICE’s acquisition of Trayport may give rise to competition concerns. The operator of exchanges and clearinghouses in the trading of European utilities, Intercontinental Exchange, Inc. (ICE), has its own proprietary software which allows trading of energy commodity and utility derivatives on its exchanges. Trayport’s software…

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August 16, 2016 BY Mike Fox

UnionPay Mobile QuickPass debuts in North America

It was announced today by UnionPay International that a number of daily-spending merchants in Canada will start to accept UnionPay mobile QuickPass, which marks the debut of this innovative service in North America. Previously, UnionPay mobile QuickPass has been accepted at over 220,000 POS terminals in Hong Kong, Macau, Taiwan, South Korea, Singapore and Australia. The merchants accepting…

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August 16, 2016 BY Valentina Kirilova

Phil Foweraker is the new business development manager of alternative lender FundX

Alternative lending fintech, FundX, has announced the appointment of a new Business Development Manager chosen specifically for his expertise in finance broking, in recognition of the growing importance of fintech lenders partnering with finance brokers. Phil Foweraker has spent over 15 years in finance covering all facets of funding, including at Westpac and NAB, however…

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August 16, 2016 BY Valentina Kirilova

SEC: Hedge fund manager charged in scheme involving terminally ill

The Securities and Exchange Commission (SEC) has announced fraud charges against a hedge fund manager and his firm accused of paying terminally ill individuals to use their names on purportedly joint brokerage accounts so he could purchase investments on behalf of his hedge fund and redeem them early by invoking a survivor’s option. An SEC examination of…

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August 16, 2016 BY Valentina Kirilova

Parsley Energy prices upsized offering of Class A common stock

Parsley Energy, Inc. (NYSE: PE) has announced that it has priced an underwritten, upsized public offering of 7,250,000 shares of Class A common stock for total gross proceeds (before underwriters' fees and estimated expenses) of approximately $243.2 million (the Equity Offering). The 7,250,000 million share offering represents a 250,000 share upsize to the originally proposed 7,000,000…

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August 16, 2016 BY Valentina Kirilova

Tradency and m-Finance to offer Chinese and Hong Kong brokers RoboX as a shared wallet

The Fintech company Tradency and the Forex/Bullion trading solutions provider in Asia, m-FINANCE, are forming a new cooperation. This cooperation provides m-FINANCE's brokers and financial institutions in mainland China and Hong Kong with Tradency's RoboX & Mirror Trader platforms. All traders of m-FINANCE brokers can now easily access RoboX & Mirror Trader via their existing user…

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