July 19, 2016 BY Valentina Kirilova

Liquidnet unlocks hidden corporate bond liquidity with powerful new trading tool

Liquidnet, the global institutional trading network, has announced the launch of Fixed Income Targeted Invitations, a tool to seek latent liquidity across its critical mass of institutional participants, for the U.S. and EMEA. Targeted Invitations allow qualifying Members of Liquidnet’s Fixed Income Dark Pool to anonymously send invitations to trade to a select number of…

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July 19, 2016 BY Valentina Kirilova

Santander doubles the size of fintech fund to $200 million

After the international payments app launch last month, British bank Santander UK plc, wholly owned by the Spanish Santander Group (BME: SAN), announced that it has doubled the size of its fintech investment fund, from $100m to $200m, in what the bank describes as a sign of commitment to its philosophy of collaborating with startups. Santander…

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July 19, 2016 BY Valentina Kirilova

ESMA advises on extension of funds passport to 12 non-EU countries

The European Securities and Markets Authority (ESMA) has today published its Advice in relation to the application of the Alternative Investment Fund Managers Directive (AIFMD) passport to non-EU Alternative Investment Fund Managers (AIFMs) and Alternative Investment Funds (AIFs) in twelve countries: Australia, Bermuda, Canada, Cayman Islands, Guernsey, Hong Kong, Japan, Jersey, Isle of Man, Singapore, Switzerland,…

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July 19, 2016 BY Valentina Kirilova

TTG selects Ancoa’s surveillance platform to monitor multi-asset trading activities

Ancoa, provider of contextual surveillance and insightful analytics for exchanges, regulators, buy & sell-side firms, has announced that the financial consultant Tower Trading Group (TTG) has selected Ancoa’s market surveillance platform to monitor its multi-asset trading activities across all exchanges and Independent Services Providers (ISVs). Deployment of the Ancoa platform has been timed and designed to enhance…

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July 19, 2016 BY Valentina Kirilova

ICAP routes €212 billion notional equity baskets into Bats Europe’s ETR service

Interdealer broker ICAP plc (LON:IAP) and global exchanges operator Bats Global Markets, Inc. (BATS:BATS) have announced that following a successful launch of ICAP’s cleared equity basket solution in April 2015, over €212 billion of notional trades have been routed through the Bats Exchange Trade Reporting (ETR) service for clearing during the financial year ended June…

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July 19, 2016 BY Valentina Kirilova

Exiger expands, acquires the Poseidon Group

Exiger, the global regulatory and financial crime, risk and compliance firm, has announced the acquisition of The Poseidon Group, the Hong Kong and Singapore-based due diligence and business intelligence firm. With this acquisition, Exiger deepens its expertise throughout the Asia Pacific region. With the addition of Poseidon into its growing portfolio of specialized due diligence and…

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July 19, 2016 BY Valentina Kirilova

IG announces annual results, profit is up 7.6%

IG Group Holdings plc (LON:IGG) has announced results for the year ended 31 May 2016. While Revenues and Profits were up nicely in the second half of Fiscal 2016, Revenues in Q4 (£119M) did take a small dip from what was a very busy and record Q3 at IG (£122M). Profits in the second half…

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July 19, 2016 BY Valentina Kirilova

ASIC winds up 13 abandoned companies owing employees more than $556,000

Australia financial regulator ASIC has exercised its wind up powers appointing liquidators to 13 abandoned companies to assist employees gain access to the Fair Entitlements Guarantee (FEG) scheme. The appointment of liquidators also facilitates a full and proper investigation into the reasons why the companies failed and allows recovery of any voidable or unreasonable director-related…

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