July 20, 2016 BY Valentina Kirilova

IG Group appoints new CFO Paul Mainwaring with immediate effect

Further to the announcement made on July 8, 2016, online brokerage leader IG Group Holdings plc (LON:IGG) has confirmed that, following receipt of regulatory approval, its Chief Financial Officer (CFO) Designate, Paul Mainwaring has been appointed an Executive Director of IG Group Holdings plc and Chief Financial Officer with immediate effect and joins the Board of IG.…

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July 20, 2016 BY Valentina Kirilova

Hong Kong SFC adds Shi Fu Investment to its Alert List

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…

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July 20, 2016 BY Mike Fox

China's UnionPay overseas-issued cards grows 40% YoY

UnionPay International, a subsidiary of China UnionPay focused on the growth and support of UnionPay’s global business is accelerating its localization overseas by enlarging card-issuing scale abroad, and by supporting overseas cardholders' card-using in the local market, China and other countries and regions. Latest data show that, by this June, the transaction volume of overseas-issued UnionPay cards…

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July 20, 2016 BY Valentina Kirilova

HKEX announces securities for first phase of its closing auction

Hong Kong Exchanges and Clearing Limited (HKEX) has announced the securities for the first phase of the closing auction it will introduce in its securities market on Monday, July 25, 2016. They were posted in the Volatility Control Mechanism and Closing Auction Session (CAS) section of the HKEX website today along with updated frequently asked…

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July 20, 2016 BY Valentina Kirilova

Thomson Reuters and Imperial College London partner to advance FinTech and RegTech through joint research

Thomson Reuters and Imperial College London are working together to bring data science expertise from both corporate and academic worlds to bear on the global big data challenges impacting financial and legal professionals. The joint venture aims to drive faster innovation in FinTech and RegTech industries through collaborative research projects. Working with researchers from the…

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July 20, 2016 BY Valentina Kirilova

PIMCO names Man Group's Manny Roman as its new CEO

Investment management giant Pacific Investment Management Co (PIMCO) has hired Emmanuel 'Manny' Roman, the CEO of the hedge fund Man Group plc (EMG.L). According to Man Group, Roman will take the chief executive place on November 1, 2016, replacing Douglas Hodge. The company also shared that Luke Ellis will succeed Roman as chief executive officer…

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July 20, 2016 BY Mike Fox

The Fed bars former Forex trader from banking industry for his manipulation of benchmarks

The Federal Reserve Board announced yesterday it is prohibiting a former FX trader from participating in the banking industry for his manipulation of FX pricing benchmarks. Matthew Gardiner, a former FX trader at Barclays PLC and at UBS AG, used electronic chat rooms to coordinate FX trading, facilitate manipulation of FX pricing benchmarks, disclose confidential customer information…

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July 20, 2016 BY Valentina Kirilova

Pico and Corvil to build all-new trading platform for European markets

Pico, a group of affiliated managed services providers of multi-asset electronic trading technologies, has announced an expansion of its relationship with the network data analytics company for business in the Now™ Corvil as part of Pico's continued growth in European markets. Throughout 2016, Pico has rapidly expanded its European presence and solutions offering, creating an advanced…

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