Moscow Exchange has increased the dedicated capital of NCC Clearing Bank, its central counterparty (CCP), to RUB 9.5 billion (from RUB 6.5 billion) to add an extra layer of security for participants in on-exchange trading. Dedicated capital ("skin in the game") is the portion of the CCP's capital resources that can be used to cover…
Read moreUK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm AIB Asset Management. AIB Asset Management is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read moreASIC has commenced civil proceedings in the Supreme Court of Queensland against Ben Jayaweera and Growth Plus Financial Group Pty Ltd (in liquidation). On 11 March 2016 the Australian Taxation Office wound up Growth Plus in relation to unpaid debts. Andrew Fielding and Matthew Joiner of BDO were appointed the liquidators of Growth Plus (the…
Read moreRetail forex broker Alpari has informed that its PAMM Account rating is to be updated from 3rd October, 2016. The company is striving to make its PAMM Account service more transparent and user-friendly for clients. The rating is compiled according to three stages: Preliminary filter Assessment of PAMM Accounts’ effectiveness Allocation of position within the rating…
Read moreThe European Securities and Markets Authority (ESMA) has issued an opinion agreeing to extending an emergency short selling prohibition, for a period of 90 calendar days, by the Commissione Nazionale per le Società e la Borsa (CONSOB) on net short positions in Banca Monte dei Pascha di Siena spa (BMPS) shares under the Short Selling…
Read moreToronto Stock Exchange (TSX:X) has welcomed Aritzia Inc. to Canada's leading equities exchange. The Vancouver-based clothing retailer began trading on TSX this morning under the symbol TSX:ATZ. Ungad Chadda, President, Capital Formation, Equity Capital Markets, TMX Group, said: Aritzia is a dynamic success story here in Canada and across North America and we are extremely…
Read moreMultibank FX aggregation service FXSpotStream has reported that September volumes on its system jumped to $15,452 with the impressive 24% MoM (single count) daily. However September volumes were down with 4.7% YoY from September 2015. FXSpotStream’s best-ever month still remains this past February, at $21 billion ADV. FXSpotStream is a wholly owned subsidiary of LiquidityMatch LLC (which is…
Read moreASIC has cancelled the Australian financial services (AFS) licence of Lotus Securities Ltd (AFS licence 306812) for failing to comply with a number of its key obligations as a financial services licensee, including: lodging its financial reports within the required timeframe; lodging compliance plan audits and financial reports for the managed investment schemes it operates…
Read moreThe Securities and Futures Commission (SFC) has prohibited Mr William Wong Yick Lok, a former employee of Hang Seng Bank Limited, from re-entering the industry for three years from 30 September 2016 to 29 September 2019 following his conviction for forgery. The Court found that Wong, who was responsible for promoting insurance policy to customers…
Read moreThe DataSpace1 data center will become the focal point of data processing for the MOEX trading and clearing platforms on 7 November 2016. The M1 data center currently the MOEX primary DC, will operate as a disaster recovery site. DataSpace1 is the first commercial data centre in Russia and continental Europe to have successfully completed…
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