Singapore Exchange (SGX:S68) and The Baltic Exchange Limited (Baltic Exchange) are pleased to announce that they have agreed on the terms for a recommended offer by SGX for the entire issued share capital of the Baltic Exchange (Proposed Acquisition). Yesterday’s announcement follows a period of extensive consultation with Baltic Exchange shareholders and other stakeholders. Under…
Read moreMulti-asset trading and investment services provider Saxo Bank has announced two senior appointments as it continues to grow and invest in its retail and institutional functions across the Middle East, reflecting the region’s importance as a growth hub for both Saxo’s retail and institutional business. Mario Camara has joined the company as Head of Saxo Dubai.…
Read moreHong 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…
Read moreFormer Victorian finance broker Rudy Noel Frugtniet's appeal against his permanent banning from engaging in credit activities has been dismissed by the Federal Court of Australia. ASIC permanently banned Mr Frugtniet, a former director of Unique Mortgage Services Pty Ltd (UMS), in July 2014 after it was found he provided misleading information and a lack…
Read moreToday the UK Financial Conduct Authority put out details of the cloned firm JB Trade Finance. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. The clone firm are using or giving out the following details as part of their…
Read moreThe Canadian Securities Administrators (CSA) has announced a multi-year research project to measure the impacts of requirements introduced by Phase 2 of the Client Relationship Model (CRM2) and the Point of Sale (POS) amendments on investors and the industry. On July 15, 2013, the CRM2 amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant…
Read moreThe technology company, developing and operating web-based solutions for the financial services industry, TIM Group, has recruited three further members to work in its New York office, to increase its footprint in a key market and to continue to support its US clients. Christopher Kleparek joins the team from Thomson Reuters where he was responsible…
Read moreThe Governor of the Dubai International Financial Centre (DIFC), HE Essa Kazim, has established a DIFC Wealth Management Working Group to discuss and compile an updated wealth management strategy for the DIFC. Its key focus areas will be to consider the enhancement of DIFC as a wealth management provider and succession planning platform for GCC…
Read moreThe Polish Financial Supervision Authority (KNF) has extended the authorisation of the clearing house KDPW_CCP to cover new classes of instruments and categories of acceptable collateral as of August 9, 2016. KNF’s decision allows KDPW_CCP to offer new services: the clearing of EUR-denominated instruments in organised trading (exchange market and ATS) and in OTC trade…
Read moreUK fund management house Octopus Investments has launched a fintech accelerator to nurture 'product-ready' startups, alongside an inhouse development incubator. Applications for the 12-week accelerator program - providing the usual mix of mentoring and office space - are now open, with the £6 billion fund promising to invest or ‘spin-in’ successful cohort businesses. The inhouse…
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