July 14, 2016 BY Valentina Kirilova

Deutsche Börse announces Unscheduled adjustment in DAX

Deutsche Börse announced an unscheduled change to DAX. As a result of the expected merger of Deutsche Börse AG and London Stock Exchange plc, the Deutsche Börse AG current share class (ISIN DE0005810055) in the index will be replaced with the tendered share class of Deutsche Börse AG (ISIN DE000A2AA253). These changes will become effective…

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July 14, 2016 BY Valentina Kirilova

ASIC reports on review of due diligence practices in IPOs

An ASIC review of issuer due diligence in initial public offerings (IPO), has found a close correlation between defective disclosure in a prospectus and poor due diligence. Due diligence practices in initial public offerings includes this and other findings and provides ASIC's recommendations for good practice due diligence for issuers and directors. In the context…

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July 14, 2016 BY Valentina Kirilova

Towergate statement on £2.6 million FCA fine

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…

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July 13, 2016 BY Valentina Kirilova

Deutsche Börse: Two new iShares ETFs with a focus on sustainability launched on Xetra

Two 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…

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July 13, 2016 BY Valentina Kirilova

Thomson Reuters Launches KYC Solution for Africa together with Barclays Africa, Rand Merchant Bank and Standard Bank of South Africa

Thomson 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…

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July 13, 2016 BY Valentina Kirilova

OpenDoor becomes First Women-Owned Bond Trading Platform

Following 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.…

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July 13, 2016 BY Valentina Kirilova

ESMA issues Final Guidelines on Market Soundings

The 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.…

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July 13, 2016 BY Valentina Kirilova

Osaka Exchange celebrates 10th Anniversary of Nikkei 225 Mini

Osaka 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…

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