August 02, 2016 BY Valentina Kirilova

HKEX announces no trading sessions in the securities and derivatives markets today

Hong Kong Exchanges and Clearing Limited (HKEX) has announced that today's (August 2) trading sessions in the securities and derivatives markets, including After-Hours Futures Trading, have been cancelled due to the issuance of Typhoon Signal No. 8. No securities clearing and settlement services will be provided for the day. No Stock Connect northbound trading is…

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August 02, 2016 BY Valentina Kirilova

FCA warns on clone firm Baumer Mansoor Financial Advisory

Today the UK Financial Conduct Authority put out details of the cloned firm Baumer Mansoor Financial Advisory. 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…

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August 02, 2016 BY Valentina Kirilova

FXSpotStream drops to $19.6 billion ADV in July volumes

Multibank FX aggregation service FXSpotStream has reported a total volume of $412,617 million in July 2016. True that last month had one trading day less than the 22 in June but the 9.6% drop from $456,490 million is quite obvious anyway. The ADV change YoY is +39.6% though. And still, considering the holidays in the beginning…

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August 01, 2016 BY Valentina Kirilova

LMRKTS and Tradition announce a combined FX compression service offering

The compression provider LMRKTS has recently facilitated the first multilateral FX compression designed to lower counterparty exposures and consolidate cash flows. LMRKTS has announced today a new strategic partnership with Tradition, wholesale market brokers in over-the-counter financial and commodity related products. The partnership between the two firms will initially handle execution and compression processing unique to…

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August 01, 2016 BY Valentina Kirilova

CySEC suspends Mutual Trust Limited's authorisation

The Cyprus Securities and Exchange Commission (CySEC) has announced that the authorisation for providing Administrative Services of the company Mutual Trust Limited, with number 44/196, is suspended, pursuant to section 15(1)(b) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012. There have been suspicions of an alleged violation of section 23(1) of…

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August 01, 2016 BY Valentina Kirilova

Verizon acquires Fleetmatics

The hits just keep on coming to Verizon Communications Inc. (NYSE, Nasdaq: VZ) as they've revealed Yahoo's acquisition just a week ago. The telecoms giant and Fleetmatics Group PLC (NYSE: FLTX) have announced today they have entered into a definitive agreement under which Verizon will acquire Fleetmatics, a global provider of fleet and mobile workforce management solutions,…

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August 01, 2016 BY Valentina Kirilova

JPX reports rise in Cash Equity Market in July 2016

Japan Exchange Group has reported 11% drop in the quarterly net income Q1 FY2017 last week. The trading overview for July, 2016, however, looks promising since the daily average trading value for the TSE 1st Section (domestic common stocks) has reached JPY 2.6645 trillion - a high since February 2016. More on Cash Equity Market: In…

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