OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has announced that the Securities and Futures Commission has granted approval of its clearing services for cross currency swaps. OTC Clear expects to launch the service in August of this year. OTC Clear will initially provide clearing for…
Read moreUnited Kingdom Parliament Treasury Committee has published a letter from a group of challenger banks which outlines – among other things – the opportunity afforded by the EU referendum result to improve competition in the banking sector. Letter from challenger banks, dated June 30, 2016 Letter from Andrew Bailey, Governor, Prudential RegulationCEO, Prudential Regulation Authority,…
Read moreThe Attorney-General’s Chambers (AGC), Commercial Affairs Department (CAD), Singapore Police Force, and Monetary Authority of Singapore (MAS), have announced today in a joint statement that the Singapore authorities have been investigating various 1MDB-related fund flows through Singapore, for possible money laundering, securities fraud, cheating, and other offences committed in Singapore. Singapore’s investigations began in March…
Read moreFollowing public consultation, ASIC has finalised an Instrument to maintain relief concerning the entities to which client money can be deposited under s981B of the Corporations Act. The Instrument replaces ASIC Class Order [CO 04/1063] Section 981B money in cash common funds due to sunset on 1 April 2017. ASIC made [CO 04/1063] to address…
Read moreJust three days ago, EBS BrokerTec, ICAP Plc’s (LON: IAP) market-leading electronic foreign exchange (FX) and fixed income business, has announced that Jim Iorio joins the company as Global Head of Sales and will sit on EBS BrokerTec’s Executive Management Committee. Today, ICAP has announced that EBS BrokerTec's CEO, Gil Mandelzis, has decided to step…
Read moreFurther to the announcement made on July 8, 2016, online brokerage leader IG Group Holdings plc (LON:IGG) has confirmed that, following receipt of regulatory approval, its Chief Financial Officer (CFO) Designate, Paul Mainwaring has been appointed an Executive Director of IG Group Holdings plc and Chief Financial Officer with immediate effect and joins the Board of IG.…
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 moreHong Kong Exchanges and Clearing Limited (HKEX) has announced the securities for the first phase of the closing auction it will introduce in its securities market on Monday, July 25, 2016. They were posted in the Volatility Control Mechanism and Closing Auction Session (CAS) section of the HKEX website today along with updated frequently asked…
Read moreThe new MetaTrader 5 trading platform Time & Sales option has been officially released. The Time & Sales feature in the Market Depth window enables users to view the real-time list of all exchange transactions. The Time & Sales list provides in-depth trading data, including records on time, direction, price and volume of each transaction.…
Read moreA new bond issued by Deutsche Rohstoff AG is tradable in the Entry Standard of the Frankfurt Stock Exchange as of today. The total issue volume of EUR 40.6 million will primarily be invested in the oil and gas business, the company stated. The bond with the ISIN DE000A2AA055 has a term of five years…
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