An Indian chief executive of a forex trading company in Dubai who swore to double investors' money was arrested for suspected fraud, authorities announced. Sydney Lemos, 36, from Goa was the owner of Exential, a forex trading company in Dubai and was behind the failed Dh50 million ($13.6 million) foreign exchange scheme, the National daily…
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ASX-listed Kalina Power Limited decided to amend the accounting for its subsidiary New Energy Asia Limited (NEA) when it releases its half-year financial report for 31 December 2016. ASIC made inquiries about Kalina's deconsolidation of NEA in its financial report for the year ended 30 June 2015 and the subsequent reconsolidation of NEA in the 30…
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Based on the order book statistics, turnover from all trading activities at Boerse Stuttgart in 2016 exceeded EUR 80.1 billion. As such the turnover across every asset class at Germany’s floor-trading exchange was around 15% below the previous year’s level. Trading in exchange-traded products (ETPs) and equities nearly reached the record figure set in 2015.…
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The Cyprus Securities and Exchange Commission (CySEC) just informed about the procedures in place regarding the receipt and follow-up of reports of infringement on market abuse (market abuse regulation). For the purposes of this circular and the completion of the Whistleblowing External Disclosure Form, CySEC announced that the following definitions shall apply: CySEC means the…
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As a part of Surveillance measures and based on the extant SEBI framework, the Exchanges transfer various securities for settlement on a Trade-to-Trade basis. The criteria for shifting securities to/from for settlement on trade to trade basis is decided in consultation with SEBI and applied uniformly across the stock exchanges and reviewed periodically. The detailed…
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GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported 11% YoY rise in 2016 FX volumes. November marked a record in average daily volume (ADV) for the GTX ECN with $10,340 billion. December, on the other hand, was not bad either with a total of $9,187 billion. The complete…
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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…
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China Exchanges Services Company Limited (CESC) today announced its CES China Private Elite Index (CES P Elite), an index designed to capture the performance of Mainland China’s 30 largest private enterprises listed in Hong Kong or the US, will be launched on Monday, 23 January 2017. The CES P Elite will be available daily after…
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The Securities and Futures Commission (SFC) has reprimanded and fined MIS Services Limited (formerly known as Standard Chartered Investment Services Limited) (SCIS) $3 million for its failure to comply with regulatory requirements under the SFC Code on MPF Products (MPF Code) and Fund Manager Code of Conduct. An SFC investigation found that SCIS failed to…
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Commercial banking company Australia and New Zealand Banking Group Limited, commonly called ANZ (ASX:ANZ), today announced it had reached agreement to sell its 20% stake in Shanghai Rural Commercial Bank (SRCB) to China COSCO Shipping Corporation Limited and Shanghai SinoPoland Enterprise Management Development Corporation Limited. The agreement will see COSCO and Sino-Poland Enterprise each acquire…
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