November 18, 2015 BY Maria Nikolova

Markit's netting synchronisation service for cleared OTC derivatives goes live

Provider of financial information services Markit Ltd (NASDAQ:MRKT) on Tuesday announced the launch of a service designed to help banks automatically update their risk systems after netting and compression activity at their clearing houses. The service went live with LCH.Clearnet’s SwapClear and is due to expand to other clearing houses. Netting exposures within a clearing…

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November 18, 2015 BY Maria Nikolova

Playtech expects FCA decision on Plus500 deal in December

Playtech PLC (LON:PTEC), which in June submitted a £460 million acquisition bid for retail CFD and Forex broker Plus500 Ltd (LON:PLUS), today provided another update on how the approval process for the deal is progressing. The company said that expects the Financial Conduct Authority (FCA) decision in connection with the proposed acquisition of Plus500 in December…

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November 18, 2015 BY Maria Nikolova

China Europe International Exchange commences operations

China Europe International Exchange (CEINEX), the joint venture established by Shanghai Stock Exchange (SSE), Deutsche Boerse AG (ETR:DB1) and China Financial Futures Exchange (CFFEX) last month, was successfully launched today in Frankfurt. The first trades have already been carried out. At the moment of the market launch, CEINEX is offering ETFs based on mainland Chinese underlyings…

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November 18, 2015 BY Maria Nikolova

Worldpay Group names Deanna Oppenheimer independent non-exec director

Worldpay Group PLC (LON:WPG), the company which had its initial public offering on the London Stock Exchange in October this year, is beefing up the ranks of its Board of Directors. The company today announced the appointment of Deanna Oppenheimer as an independent non-executive director and chair of the Risk Committee, effective January 1, 2016. Ms…

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November 18, 2015 BY Maria Nikolova

New Zealand's FMA warns of unregistered Forex broker FXUM

New Zealand's Financial Markets Authority (FMA) has recently updated its list of Unregistered Businesses, with the latest addition to the list being Union Markets Limited, also known as FXUM. Via its website www.fxum.com, the company offers a variety of Forex services to English-speaking and Chinese-speaking clientele. The “Company Profile” section says that the broker has…

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November 18, 2015 BY Maria Nikolova

ICE Futures Singapore, ICE Clear Singapore start operations successfully

In tune with plans unveiled earlier this year, Intercontinental Exchange Inc (NYSE:ICE) today announced the successful launch of trading and clearing for ICE Futures Singapore and ICE Clear Singapore. The venues started operating on Tuesday, November 17, 2015. During the first day of operations, a total volume of 8,847 contracts across energy, gold and FX…

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November 18, 2015 BY Maria Nikolova

ASIC forces Boca FX to remove misleading statements about Australian authorization

The Australian Securities & Investments Commission (ASIC) today announced that it has ordered Boca Global Financial Group Pty Ltd, aka Boca FX to remove misleading statements from its website regarding its Australian authorization. Following ASIC concerns, the company has agreed to remove statements on its website https://www.bocafx.com.au/ suggesting Boca is ASIC regulated or authorised to…

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