July 29, 2016 BY Valentina Kirilova

Colt and Koscom to provide ultra-low-latency connectivity between Korea and global markets

Telecommunications company Colt Group S.A. (LSE: COLT) and the financial IT provider in Korea founded by Korea’s Ministry of Finance and the Korea Stock Exchange, Koscom, have announced a joint agreement to form a global securities network partnership that will provide ultra-low-latency connectivity between capital markets participants in Korea and the world’s major stock and derivatives…

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July 29, 2016 BY Valentina Kirilova

Swissquote reports strong growth for first half of 2016

In the first half of 2016, the impact of the cooperation between FX brokerage Swissquote Group Holding SA (SWX:SQN) and PostFinance could be seen in concrete figures for the first time. Following the transfer of PostFinance clients, the number of accounts with Swissquote increased by 32.3% to 300,691 and assets under custody grew by 39.3%…

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July 29, 2016 BY Valentina Kirilova

OSC publishes Corporate Finance Branch annual report

The Ontario Securities Commission (OSC) has published OSC Staff Notice 51-727 Corporate Finance Branch 2015-2016 Annual Report. This report provides key information to the individuals and entities the OSC regulates, as well as their advisors, to help them comply with regulatory obligations. Current issues and trends related to continuous disclosure, offerings and exemptive relief applications are…

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July 29, 2016 BY Valentina Kirilova

Coinbase presents instant digital currency buy in Canada & Singapore

Bitcoin exchange operator and service provider Coinbase just announced that consumers in Canada & Singapore can now instantly buy bitcoin and ether with their debit and credit cards. To get started, consumers just have to visit the Trade page on the company's website or tap on the “Buy” or “Sell” options in Coinbase's iOS or Android apps to add a credit…

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July 29, 2016 BY Valentina Kirilova

Bats adds Legg Mason as new issuer to its ETF Marketplace

Global exchanges operator Bats Global Markets, Inc. (Bats: BATS) has welcomed Legg Mason as a new issuer to the Bats ETF Marketplace with the launch of the Legg Mason International Low Volatility High Dividend ETF (Bats: LVHI). The new fund seeks to track the investment results of an index composed of publicly traded equity securities…

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July 28, 2016 BY Valentina Kirilova

ESMA reports on EEA prospectus activity

The European Securities and Markets Authority (ESMA) has published today statistical data on the number of prospectuses approved and passported by the National Competent Authorities (NCAs) of the European Economic Area (EEA) within the EU prospectus regime. The report shows that the number of prospectus approvals across the EEA has slightly decreased in 2015 compared…

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July 28, 2016 BY Valentina Kirilova

Broadridge: Retail funds & ETFs increase slightly with IBDs experiencing largest move from active to passive

Independent broker dealers (IBDs) and wirehouse firms experienced net asset outflows of 2% for actively managed mutual funds in the first half of 2016, according to data released by financial technology provider Broadridge Financial Solutions, Inc. (NYSE:BR) via its Fund Distribution Intelligence. Much of the outflows of actively managed funds from broker dealers appeared to move…

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July 28, 2016 BY Valentina Kirilova

Oracle buys NetSuite

The computer software company Oracle (NYSE: ORCL) has announced that it has entered into a definitive agreement to acquire NetSuite (NYSE: N), the very first cloud company. The transaction is valued at$109.00 per share in cash, or approximately $9.3 billion. Mark Hurd, Chief Executive Officer, Oracle, said: Oracle and NetSuite cloud applications are complementary, and will coexist…

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July 28, 2016 BY Valentina Kirilova

AIG launches Brexit insurance

AIG, the united states-based insurer, will now launch an add-onto its company directors & amplifier officials liability which will add various costs connected with Brexit to the insurance. AIG may also cover the legal costs of the challenge to some repatriation order and, when the challenge is not successful, the insurer may also purchase repatriation…

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