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…
Read moreAfter publishing its Consultation Paper 95-401 few weeks ago, the Canadian Securities Administrators (CSA) has published Staff Notice 51-346 Continuous Disclosure Review Program Activities for the fiscal year ended March 31, 2016, which summarizes the results of the CSA’s continuous disclosure (CD) review program, highlights common deficiencies and illustrates best practices for reporting issuers. Overall, 62%…
Read moreFX settlement services provider CLS Group (CLS) and data platform for economic and financial data Quandl have made standardized and aggregated FX trade reports available via subscription. This new offering allows CLS to distribute its unique set of executed trade data to the broader market in a standardized and easy-to-use manner via Quandl. Data will…
Read moreGlobally, base metal trading has expanded since the sale of the London Metal Exchange (LME) to the HKEx. Taking the two main exchanges for base metals - the LME and the Shanghai Futures Exchange (SHFE) - the average monthly volume of the six main base metals rose 23.8% since July 2012. At the same time,…
Read moreBritain’s Foreign Secretary Boris Johnson claims he would assure his EU counterparts that Britain would continue to cooperate with them once it leaves the bloc, as reported on last month’s referendum. Boris Johnson commented on arrival at the EU foreign ministers meeting in Brussels: The message I'll be taking to our friends in the council…
Read moreMiddle Eastern regional securities market Dubai Financial Market (DFM), which is governed and regulated by the UAE Securities and Commodities Authority (SCA), has announced that “Union Brokerage Company” has been accredited to provide Margin Trading service, lifting the total number of DFM brokerage firms providing this service to 33 companies. Margin Trading permits brokerage companies to fund…
Read moreBank of America Merrill Lynch just reported second-quarter earnings. The firm reported earnings per share of $0.36 on revenues of $20.6 billion. Analysts were expecting adjusted earnings per share of $0.33 on revenue of $20.4 billion, according to Bloomberg. Non-interest income was reported $11.2 billion, non-interest expense declined $465 million. Brian Moynihan, CEO, commented:…
Read moreThe CRFIN has announced its new association name, the National Association of Forex dealers (NAFD), during the General Meeting of the Association Members held on Friday. The association has also shared that Andrei Yurevich Lisitsyn will be the head of NAFD. The General Meeting of the Association has also decided to form a NAFD Board…
Read moreThe financial services company, ADS Securities, has announced three executive appointments for both its corporate headquarters and London office. Marco Baggioli, currently Chief Operating Officer of ADS Securities London Limited, is appointed Executive Managing Director- Global Head of Brokerage; and Paul Webb, Senior Director & Chief Dealer, is named Deputy CEO and Head of Retail (Europe) at…
Read moreAfter last week's report on ETFs/ETPs listed in Europe, ETFGI has given information that ETFs/ETPs listed in Asia Pacific ex Japan gathered US$3 billion in net new assets in June 2016, according to preliminary data from ETFGI’s June 2016 global ETF and ETP industry insights report. Record levels of assets were also reached at the end of June…
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