LCH, a global clearing house, announced that its SwapClear service has cleared a total of $1 trillion in notional of inflation swaps since the service launched in April 2015. This achievement follows a significant increase in cleared activity on the buy and sell side following the implementation of non-cleared margin rules in September 2016. Inflation-linked…
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The Canadian Securities Administrators (CSA) published final amendments that require fund managers to use a standardized CSA mutual fund risk classification methodology to determine the investment risk level of conventional mutual funds and exchange-traded mutual funds (ETFs) (collectively referred to as “mutual funds”) in the Fund Facts and ETF Facts, respectively. Currently, fund managers must…
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The Securities and Exchange Commission (SEC) announced that Enforcement Director Andrew J. Ceresney will leave the agency by the end of the year. During his nearly four years as head of the agency’s largest division, Mr. Ceresney implemented approaches that strengthened the Division’s investigative and litigation practices and enhanced its effectiveness and impact. Under his…
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The Administrative Appeals Tribunal (AAT) has affirmed the ASIC decisions to permanently ban former Perth-based finance broker Mr Grant Aaron Parker from engaging in credit activities and providing financial services. In affirming the ASIC decisions, the AAT found that a permanent banning order of Mr Parker was appropriate as he had intentionally misled his clients,…
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The European Central Bank and Bank of Japan are embarking on a research project looking into the use of distributed ledger technologies for market infrastructure. In a speech this week, ECB executive board member Yves Mersch stressed that the bank cannot "at this stage" consider basing its market infrastructure on DLT because the technology is…
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INTL FCStone Inc. (NASDAQ: INTL) today announced that its London-based subsidiary, INTL FCStone Ltd's Global Payments Division (GPD), has appointed François Beau Yon de Jonage as Senior Vice President. He joins the Company from Société Générale, where he served as Head of the firm's Global Exotic Currency Service. Mr. Beau Yon de Jonage is a…
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Fidessa Group plc (LSE: FDSA) has today announced that seventeen Hong Kong-based brokers have been using Fidessa for the Shenzhen-Hong Kong Stock Connect link since it went live on 5th December. Eva Fu, Product Marketing Manager at Fidessa, said the uptake of Fidessa’s Shenzhen-Hong Kong Stock Connect solution had been rapid due to the success…
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Today, the shares of Varia US Properties AG have been listed in accordance with the «Standard for Real Estate Companies» and are traded on SIX Swiss Exchange for the first time. The IPO consists of an offering of 3‘097‘074 newly issued registered shares of the Company with a nominal value of CHF 1.00 each. Additionally…
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CySEC brokerage firm Orbex recommitted to another year of WodWars Limassol sponsorship and is confirmed as the main sponsor of the flagship athletic event of Cyprus, WodWars Europe Competition, which will be held December 10-11. WodWars Competition is an annual event, gathering the best European athletes, who are coming to challenge their strength, stamina and…
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TMX Group (TSX:X) today announced its financing activity on Toronto Stock Exchange and TSX Venture Exchange for November 2016. Toronto Stock Exchange welcomed six new issuers in November 2016, compared with 13 in the previous month and one in November 2015. The new listings included one exchange traded fund, three mining companies and two oil…
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