Further to our coverage yesterday of the £2.6 million fine handed out by the FCA to Towergate, the company has accepted responsibility and agreed to pay a fine of £2,632,000. Towergate has fully cooperated and worked closely with the FCA throughout the investigation. It has settled at the earliest opportunity, resulting in a reduced fine. Towergate…
Read moreTwo new exchange-listed index funds issued by BlackRock have been tradable via Xetra and Börse Frankfurt since Wednesday. The new iShares factor ETFs enable investors to participate in the performance of companies with high ESG ratings, i.e. those that place a special focus on the environment and corporate governance. Excluded are companies whose products have negative…
Read moreThomson Reuters has announced the launch of its Org ID managed service solution for Know Your Customer (KYC) due diligence in South Africa, together with design partner banks Barclays Africa, Rand Merchant Bank (a division of FirstRand Bank) and Standard Bank of South Africa, who have all committed to use the Org ID service to…
Read moreFollowing the closing of a $10 million investment round, OpenDoor Trading, LLC (“OpenDoor”) has become the first U.S. bond trading platform both majority-owned and majority-controlled by women. The funds will be used to support technology and business development of an innovative ‘all-to-all’ trading platform for off-the-run Treasuries and TIPS. Launch is scheduled for the fall.…
Read moreThe European Securities and Markets Authority (ESMA) has issued today final guidelines clarifying the implementation of the Market Abuse Regulation (MAR) for persons receiving market soundings and on delayed disclosure of inside information. The new market abuse regime strengthens the existing market abuse framework by extending its scope to new markets, platforms and trading behaviors.…
Read moreTimes have been tough for banking in recent years, but the winners of this year's World Finance Banking Awards are proof that banking is on the up. Among the most notable winners of this year's awards is Garanti Bankasi, which picked up the award for the best retail bank in Turkey. With over 230 years…
Read moreThe European Energy Exchange (EEX) successfully continued its growth course and achieved new record volumes in its markets in the first half of 2016. In the first six months of the year, a volume of 2,247.8 TWh was traded on the Power Spot and Derivatives Markets (1st half of 2015: 1,422.1 TWh), which corresponds to…
Read moreOsaka Exchange, Inc. (OSE) is celebrating 10th anniversary of Nikkei 225 mini which arrives on July 18th, 2016. After its launch in 2006, Nikkei 225 mini grew up to one of the leading derivative products worldwide (world’s third most traded equity index future product (FIA volume ranking, 2016 1Q), with its popularity among both domestic…
Read moreGlobal exchanges operator Bats Global Markets, Inc. (BATS:BATS), today reported June data and highlights, including record market share for its U.S. Options business. Bats reported 11.7% U.S. Options market share, up from 9.7% a year ago, and was also the market leader in single-leg equity options trades with 19.0% market share, a new record for…
Read moreThe Euronext subsidiary EnterNext, dedicated to promoting and growing the market for small and medium-sized companies (SMEs), today has welcomed GenSight Biologics, a biopharmaceutical specialist in gene therapy, for its first day of trading on compartment C of Euronext’s regulated market in Paris. Founded in 2012, GenSight Biologics is a company dedicated to discovering and…
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