September 13, 2016 BY Valentina Kirilova

Westpac refunds $9.2 million after failing to waive bank account fees for eligible customers

Westpac Banking Corporation (WBC:ASX) has recently refunded approximately $20 million to around 820,000 customers for not clearly disclosing the types of credit card transactions that attract foreign transaction fees. Now the banking corporation has refunded approximately $9.2 million to 161,414 customers after it failed to waive fees on Westpac and St. George branded savings and…

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September 13, 2016 BY Valentina Kirilova

H2Ocean embraces OnMarket Technology for IPO

H2Ocean Ltd, a company which invests in a diversified global portfolio of early and growth stage financial technology (fintech) companies, has announced that it is extending the reach of its Initial Public Offering (IPO) and offering shares to retail investors through fintech firm OnMarket. Ben Heap, co-founder of H2Ocean, said: We are delighted that investors can…

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September 13, 2016 BY Valentina Kirilova

Colt adds low-latency TOCOM market data feeds

Shortly after joining Koscom to provide ultra-low-latency connectivity between Korea and global markets, telecommunications company Colt Group S.A. (LSE: COLT) has announced that it has become a market data provider for the Tokyo Commodity Exchange (TOCOM), with the service set to launch alongside the scheduled migration of TOCOM’s derivatives trading to the J-GATE trading system…

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September 12, 2016 BY Valentina Kirilova

AMF consults on the future implementation of new MiFID II provisions on payments for research

Ahead of the application of the new European regulatory framework on markets in financial instruments (MiFID II), the Autorité des Marchés Financiers (AMF) is reflecting on the implementation of new provisions on payment for research used by professionals providing investment advice on an independent basis or portfolio management. The AMF is thus launching a public…

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September 12, 2016 BY Valentina Kirilova

Deputy Governor Minouche Shafik to leave Bank Of England

Minouche Shafik, Deputy Governor for Markets and Banking, will leave the Bank at the end of February 2017 to become the Director of the London School of Economics (LSE). Bank of England Governor Mark Carney commented: We will say farewell to Minouche with gratitude and regret. She helped drive vital reforms on the domestic and…

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September 12, 2016 BY Valentina Kirilova

GAIN Capital reports operating metrics for August 2016, ECN average daily volume drops 21.1% MoM

After the announcement that August FX volumes decreased by 5% YoY, GAIN Capital Holdings, Inc. (NYSE: GCAP) has reported certain operating metrics for the month of August 2016. Retail Segment Metrics OTC average daily volume of $8.3 billion, a decrease of 17.6% from July 2016 and 54.9% from August 2015. OTC trading volume of $191.9 billion, a decrease…

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September 12, 2016 BY Valentina Kirilova

iSTOXX FactSet Thematic Indices to underlie four ETFs

STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a provider of innovative and tradable index concepts, has announced that the newly launched iSTOXX FactSet Thematic Indices that capture megatrends in investing have been licensed to iShares to underlie four exchange-traded funds (ETFs). iShares is a provider of ETFs, owned by BlackRock. The iSTOXX…

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