ASIC to allow fintech startups to test services without a license LeapRate

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December 15, 2016 BY Valentina Kirilova

ASIC to allow fintech startups to test services without a license

ASIC has today released class waivers to allow eligible financial technology (fintech) businesses to test certain specified services without holding an Australian financial services or credit licence. ASIC Commissioner John Price said: ASIC’s 'fintech licensing exemption' is unique. No other major jurisdiction has implemented a class waiver which allows eligible businesses to notify the regulator…

December 15, 2016 BY Valentina Kirilova

Alpari November forex volumes best since May at $89.4 billion

The ending of 2016 seems to turn out quite well for FX broker Alpari. Turnover of the company showed an increase of 4% MoM last month and amounted to $89.4 billion. These results show that this has been Alpari's best forex volumes month since May 2016. The main drivers of growth during this period were…

December 15, 2016 BY Valentina Kirilova

Deutsche Börse and BSE India extend market data partnership to new international exchange India INX

Deutsche Börse Market Data + Services just announced that is further strengthening its partnership with BSE India (formerly known as Bombay Stock Exchange) by licensing market data products for the newly set up international exchange India INX to international clients. LeapRate reported back in January of 2015 when the IFSC was taking shape, and it looks…

December 15, 2016 BY Valentina Kirilova

SFC revokes licences of Goodcape Securities Limited and its responsible officers

The Securities and Futures Commission (SFC) has revoked the licences of Goodcape Securities Limited and its two responsible officers, Mr Tang Lin Sun and Mr Chang Siu Ming. Tang and Chang have also been prohibited from re-entering the industry for life and three years from 15 December 2016 to 14 December 2019 respectively. The disciplinary…

December 15, 2016 BY Valentina Kirilova

EU Parliament to reject a Brexit deal?

European Parliament head Martin Schulz demanded that the role laid out for MEPs in the Brexit negotiations be beefed up, threatening otherwise to reject any resulting deal, Business Insider just reported. In a letter to EU President Donald Tusk, Schulz criticised draft plans for the process that would relegate the parliament to "a secondary role…

December 15, 2016 BY Valentina Kirilova

ASIC releases new instrument for buy-backs for ASX-listed schemes and updates guidance for scheme buy-backs

ASIC has released a new legislative instrument regarding on-market buy-backs of ASX-listed schemes, replacing the class order due to expire ('sunset') on 1 April 2018. ASIC has replaced Class Order [CO 07/422] with the new legislative instrument ASIC Corporations (ASX-listed Schemes On-market Buy-backs) Instrument 2016/1159. Class Order [CO 07/422] has been repealed by ASIC Corporations…

December 15, 2016 BY Valentina Kirilova

INTL FCStone announces 4Q results, interest expense increase 50% to $7.5 million YoY

Commodities and Forex broker INTL FCStone Inc. (NASDAQ:INTL) just announced its financial results for the fiscal fourth quarter and full fiscal year ended September 30, 2016. Sean M. O'Connor, CEO of INTL FCStone Inc., stated: We achieved continued good results in the fourth quarter, which was boosted by a bargain purchase gain on the Sterne…

December 15, 2016 BY Valentina Kirilova

Gain Capital Australia employee faces up to 5 year sentence for manipulating CFD trades

Following an ASIC investigation, Mr Shun Yuen Ken Li (also known as Leo Lee), of Roseville Chase, New South Wales has pleaded guilty in the Downing Centre Local Court on two charges of dishonestly using his position as an employee. Mr Li, 37, is accused of using his position as an employee of the Australia…

December 14, 2016 BY Valentina Kirilova

Bats welcomes NuShares as a new issuer to the Bats ETF Marketplace

Bats Global Markets, Inc. (Bats: BATS) today welcomed NuShares from Nuveen as a new issuer to the Bats ETF Marketplace with the launch of a suite of ESG-focused funds: NuShares ESG Large-Cap Growth ETF (Bats: NULG) seeks to track the investment results, before fees and expenses, of the TIAA ESG USA Large-Cap Growth Index. NuShares…

December 14, 2016 BY Valentina Kirilova

Amplify ETFs lists new fund on the Bats ETF Marketplace

Bats Global Markets, Inc.(Bats: BATS) today welcomed another new fund from Amplify ETFs to the Bats ETF Marketplace, the second Amplify fund listed on Bats. The Amplify YieldShares CWP Dividend & Option Income ETF (BATS: DIVO) is a professionally-managed equity income portfolio that seeks to deliver both dividend and option income to investors on a…

ASIC to allow fintech startups to test services without a license

Alpari November forex volumes best since May at $89.4 billion

Deutsche Börse and BSE India extend market data partnership to new international exchange India INX

SFC revokes licences of Goodcape Securities Limited and its responsible officers

EU Parliament to reject a Brexit deal?

ASIC releases new instrument for buy-backs for ASX-listed schemes and updates guidance for scheme buy-backs

INTL FCStone announces 4Q results, interest expense increase 50% to $7.5 million YoY

Gain Capital Australia employee faces up to 5 year sentence for manipulating CFD trades

Bats welcomes NuShares as a new issuer to the Bats ETF Marketplace

Amplify ETFs lists new fund on the Bats ETF Marketplace

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