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…
Read moreMoscow Exchange has announced its indices monthly review for July 2016. Moscow Exchange’s Indices reflected the positive trend by the MICEX Index on the Russian stock market. The MICEX Index was up 2.83% to 1,944.62 (from 1,891.09 on 30 June), while the dollar-denominated RTS Index fell 0.34% to 927.57 (from 930.77). The dollar appreciated 2.89%…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) has announced that, on June 1, 2016, the company providing administrative services JIB Offshore Solutions Ltd, waived its authorization pursuant to section 16(1) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012. Therefore, the authorization with Νumber 28/196 lapsed as from the aforementioned date…
Read moreDigital payment solutions provider Paysafe Group Plc (LSE:PAYS) has reported strong growth in the six months ended June 30, 2016. Reported H1 2016 revenue increased 118% to $487m (H1 2015: $223m); pro-forma constant currency revenue growth was 20%, up from 14% growth in H2 2015 and 12% in H1 2015. · Adjusted H1 2016 EBITDA increased 189%…
Read moreASIC has released a consultation paper proposing to remake its class orders on non-monetary consideration managed investment schemes, which is currently due to expire (‘sunset’) on April 1, 2017. ASIC proposes to remake the class orders as, in its view, the class orders are operating effectively and efficiently and continues to form a necessary and useful…
Read moreFX settlement services provider CLS Group has announced that it has expanded the number of settlement members accessing its service, with the addition of Daiwa Securities Group. Daiwa Securities Group is one of the largest financial institutions in Japan. Daiwa joins 65 other financial institutions in becoming a direct participant in CLS’s settlement and risk mitigation…
Read moreThe Tokyo Commodity Exchange, Inc. (TOCOM) has announced today that the open interest for Dubai Crude Oil futures was 112,288 contracts. It is the first time for the total number of outstanding orders for this contract to reach above 110,000 since the launch on September 10, 2001. TOCOM Dubai Crude Oil open interest reached 92,283…
Read moreToday the UK Financial Conduct Authority put out details of the cloned firm Natix Bank. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. The clone firm are using or giving out the following details as part of their tactics to…
Read moreFinancial technology provider Broadridge Financial Solutions, Inc. (NYSE:BR) has reported financial results for the fourth quarter of its fiscal year 2016. Revenues rose 8% to $2.9 billion, led by 9% growth in recurring fee revenues, and Adjusted EPS increased 11% to $2.73. Results for the three and twelve months ended June 30, 2016 compared with…
Read moreThe European Energy Exchange (EEX) has announced that the Business to Business service company Belektron has been welcomed as a new Market Maker on the Derivatives Market for Emission Allowances. Since January 2015, Belektron has been active as a Market Maker on the EUA Spot Market and has provided buy and sell orders on the EUA Futures…
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