September 30, 2016 BY Valentina Kirilova

ESMA consults on future reporting rules for securities financing transactions

The European Securities and Markets Authority (ESMA) has issued a consultation paper on draft technical standards implementing the Securities Financing Transaction Regulation (SFTR), which aims to increase the transparency of shadow banking activities. Securities financing transactions (SFTs) are transactions where securities are used to borrow cash (or other higher investment-grade securities), or vice versa –…

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September 30, 2016 BY Valentina Kirilova

Deutsche Börse: va-Q-tec AG IPO now on Frankfurt Stock Exchange

As of today, va-Q-tec AG (ISIN: DE0006636681) has been listed in the Prime Standard of the Frankfurt Stock Exchange. It is the first company from Deutsche Börse's Venture Network to go public in Frankfurt. Carsten Kengeter, CEO of Deutsche Börse, said: Corporate and growth financing are core tasks of exchange operators. Over the last two…

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September 30, 2016 BY Valentina Kirilova

MetaQuotes updates MetaTrader 5 iOS

In addittion to yesterday's MetaQuotes announcement about the updated MetaTrader 5 multi-asset web platform, the company has informed that it has made several updates to its iOS version. The updates for MetaTrader 5 iOS are: Changed Trade section display — trading data representation now depends on the risk management system on a trading account: Retail Forex,…

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September 30, 2016 BY Valentina Kirilova

Hong Kong SFC adds Eclipse Finance 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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Protrader risk control
September 30, 2016 BY Valentina Kirilova

PFSOFT extends Protrader risk control rules

The fintech developer PFSOFT has extended a set of risk rules for its Protrader solution to meet requirements from proprietary trading firms. The new set of rules added to current risk measures encompasses settings like: daily and weekly loss limits maximum value of all positions maximum trailing drawdown Protrader is a multi-asset single dealer environment for instruments and…

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September 30, 2016 BY Valentina Kirilova

CySEC extends suspension of AirFinance Pro Ltd

Following previous announcement dated 29 July 2016, the Cyprus Securities and Exchange Commission (CySEC), following a decision at the meeting dated 26 September 2016, announces that the authorisation of the Cyprus Investment Firm AirFinance Pro Ltd, with number 206/13, continues to be suspended. While the suspension of the authorisation is in force, AirFinance Pro Ltd:…

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September 30, 2016 BY Valentina Kirilova

ASIC remakes instruments that affect financial reporting

Following public consultation, ASIC has remade three legislative instruments that affect financial reporting by companies. The relief is set out in the following new legislative instruments: ASIC Corporations (Audit Relief) Instrument 2016/784 (replaces Class Order 98/1417) ASIC Corporations (Wholly owned Companies) Instrument 2016/785 (replaces Class Order 98/1418) ASIC Corporations (Qualified Accountant) Instrument 2016/786 (replaces Class…

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September 29, 2016 BY Valentina Kirilova

Market Makers are and will remain vital to maintaining an efficient market ecosystem according to TABB Group

The last 20 years has seen remarkable change in the equity markets, but not everyone is pleased with the evolution. According to international research and consulting firm TABB Group’s latest research, “Myth Busting and the New Market Maker: Liquidity, Speed, and Risk in an Age of Microseconds,” many investors and market professionals do not fully…

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September 29, 2016 BY Valentina Kirilova

FCA publishes third MiFID II consultation paper

The Financial Conduct Authority (FCA) has published its third consultation paper on the implementation of the revised Markets in Financial Instruments Directive (MiFID II). MiFID II, which comes into effect on 3 January 2018, updates and improves rules governing the way capital markets function, contributes to the reform of derivatives markets and strengthens transparency of…

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