August 22, 2016 BY Valentina Kirilova

Bats Europe encourages industry harmonisation for MiFID II requirement for order record keeping

Financial exchanges operator Bats Global Markets Inc (BATS:BATS) has made available for testing on its platform its MiFID II compliant process for order record keeping, which the exchange is proposing as the industry approach to encourage harmonisation. Bats is also making available a range of enhancements to facilitate further user testing of their algorithms. To…

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August 22, 2016 BY Valentina Kirilova

Weekly overview: Euro slips at $1.12830, Asian shares drop

Asian shares dropped on Monday, while the dollar index added 0.4% to 94.879, pulling away from its last week’s lowest mark since June 24. Global central bankers will join the annual mountain retreat opening on Thursday. Fed Chair Janet Yellen will also be taking part with a Friday speech. European markets opened quite lower on…

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August 22, 2016 BY Valentina Kirilova

Forexware delivers MetaTrader 5 Gateway to CQG

The MetaTrader 5 multi-asset platform has expanded its trading features: the gateway to CQG platform goes live following the recent release of the gateway to Interactive Brokers. The application developed by Forexware provides direct access to CME, CBOT, NYMEX, ICE, EUREX and dozens of other global exchanges. The range of instruments traded on the exchanges is…

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August 22, 2016 BY Valentina Kirilova

Merchant bank of Sri Lanka chooses Fiserv for new core banking and front-end teller systems

Payments and processing technologies and solutions provider Fiserv Inc (NASDAQ:FISV) has announced that Merchant Bank of Sri Lanka & Finance PLC (MBSL) has selected the Signature core account processing platform and Teller front-end teller system from Fiserv. In January 2015, the MBSL PLC finance company, Sri Lanka's pioneer merchant bank, merged with two subsidiaries, MBSL…

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August 19, 2016 BY Valentina Kirilova

IDFC Bank partners Backbase for customer experience and digital banking

The Indian banking company IDFC Bank (NSE: IDFCBANK) has partnered with Backbase to implement its omni-channel digital banking platform. With this platform, IDFC Bank will be able to provide its products and services to customers through multiple channels synchronously, creating a single multimodal touch point. Backbase helps create and manage rich, interactive web portals and…

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August 19, 2016 BY Valentina Kirilova

CySEC fines HotForex and OptionTrade parent €105,000 for misleading investors

The Board of the Cyprus Securities and Exchange Commission (CySEC) has informed that it has decided to impose a total administrative fine of €105,000 to the CIF HF Markets (Europe) Ltd. HF Markets (Europe) Ltd runs the retail forex broker HotForex (hotforex.com) and binary options firm OptionTrade (optiontrade.com) businesses. The full breakdown of the fine is linked…

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August 19, 2016 BY Valentina Kirilova

PrivatBank launches prepaid products in Ukraine together with InComm

PrivatBank has announced it has partnered with the prepaid product and transaction services company InComm to launch prepaid products to its customers in Ukraine. The partnership between the two companies will afford Ukrainian customers the opportunity to purchase prepaid codes and immediately top up their or anyone else's account without incurring any additional fees. Olga…

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August 19, 2016 BY Valentina Kirilova

HKEX announces arrangements for adjustment of SOHO China futures

Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to SOHO China Ltd (HKG: 0410) futures to account for SOHO China’s special dividend. Company (Stock Code) SOHO China (410) Corporate Action Special Dividend of RMB0.19 per share Ex-date 29 September 2016 The special dividend amount per share in Hong Kong…

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August 19, 2016 BY Valentina Kirilova

Hong Kong SFC adds Ephraim Global 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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