January 04, 2017 BY Valentina Kirilova

Eurex December 2016 report: Innovative products help manage volatility through 2016

In 2016, Eurex, Europe’s largest derivatives exchange, saw increasing demand for its highly liquid benchmark product range as well as strong growth in a number of new product segments. Exchange Traded Derivatives (ETD) are efficient hedging instruments, sharing the same benefits as OTC contracts and also the the advantages of deep liquidity and transparent trading…

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January 04, 2017 BY Valentina Kirilova

FCA warns on Stockfield Associates Group firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Stockfield Associates Group. Stockfield Associates Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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January 04, 2017 BY Valentina Kirilova

FxPro shelves IPO following FCA crackdown

Retail Forex broker FxPro has abandoned plans for a London stock market flotation as a result of the UK regulator's plan to crackdown on the growing financial spread betting market, Sky News reported earlier. FxPro has tens of thousands of UK clients but the sector received an unexpected blow in December when the Financial Conduct…

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January 04, 2017 BY Valentina Kirilova

Dash Financial merges with Convergex's LiquidPoint

Dash Financial announced that Dash and Convergex have signed a definitive agreement to merge Dash and LiquidPoint (Convergex’s Options Trading and Technology business), creating a financial technology company in the options and equities markets. Dash Financial is an institutional trading technology, execution and analytics provider. LiquidPoint is specialized in advanced options technology and routing services…

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January 04, 2017 BY Valentina Kirilova

EEX Group announces key figures of December 2016, 17% YoY rise in commodities

The European Energy Exchange EEX Group provides the central market platform for energy and commodity products. The offering of the group comprises contracts listed at the European Energy Exchange (EEX), EPEX SPOT, Powernext, Cleartrade Exchange (CLTX), Gaspoint Nordic and Power Exchange Central Europe (PXE) as well as clearing and settlement via European Commodity Clearing (ECC).…

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January 04, 2017 BY Valentina Kirilova

HKEX to offer RMB Currency Options

Hong Kong Exchanges and Clearing Limited (HKEX) plans to offer Renminbi (RMB) Currency Options and is aiming to roll out a US dollar/Offshore RMB (USD/CNH) contract in the first quarter of this year, subject to market readiness. HKEX’s USD/CNH Options provide the following trading benefits: Flexibility of trading and hedging strategies for various market conditions…

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amf
January 04, 2017 BY Valentina Kirilova

AMF lauches a consultation on modifications to its general regulation

The Autorité des Marches Financiers (AMF) is launching a public consultation, running until 31 January 2011, on the modifications to some of the provisions in its General Regulation. The intermediation in miscellaneous property system concerns two types of transactions: proposals in the form of advertising and direct marketing inviting individuals to subscribe to life annuities…

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January 04, 2017 BY Valentina Kirilova

Shenzhen Stock Exchange 2017 market overview

CFFEX, SSE and SZSE take stake in Pakistan Stock Exchange Recently, China Financial Futures Exchange (CFFEX), Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), Pak China Investment Company Limited and Habib Bank Limited as a consortium have won the bid to purchase a 40% stake in the Pakistan Stock Exchange. The three exchanges will hold…

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January 04, 2017 BY Valentina Kirilova

ASIC cancels Vontelle Pty Ltd credit licence

ASIC has cancelled the Australian credit licence held by Vontelle Pty Ltd (Vontelle). ASIC found that from around September 2016, Vontelle had not complied with its obligation to maintain the competence to engage in credit activities. In particular, ASIC was concerned that although Mr James David Gibbs was listed as the key person for the…

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