In spite of solid growth in its client base (+2,300) and assets under custody (+ CHF 1 billion) over the first four months of H2 2016 (July until October), Swiss online trading and banking services provider Swissquote Group Holding SA (SWX:SQN) has announced that it will not be able to meet its 2016 growth target of…
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Former TZ Limited director, Andrew John Sigalla, has been late yesterday found guilty on 24 counts of dishonest conduct, following a 22-day trial before a jury in the Supreme Court of New South Wales. The court found that Mr Sigalla used his position as a director dishonestly to gain an advantage for himself or others,…
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The Securities and Exchange Commission (SEC) has announced that Stephen Luparello, Director of the Division of Trading and Markets, will leave the agency by the first of the year. He was named director of the office in February 2014. Mr. Luparello has played a key role in enhancing the transparency and strengthening the integrity of…
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The pan-European gas trading platform PEGAS, operated by Powernext has today published a new position paper regarding the potential merger of the NCG, Gaspool and TTF gas market areas in the near future. Within the paper, PEGAS outlines the potential cost of such a merger while also assessing the limited benefit to end consumers. The…
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OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, has announced Titan Energy, LLC (OTCQX: TTEN), an independent developer and producer of natural gas, crude oil and natural gas liquids, has qualified to trade on the OTCQX Best Market. Titan Energy has upgraded to OTCQX from the Pink market.…
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trueEX, the first exchange approved by the Commodity Futures Trading Commission (CFTC) as a Designated Contract Market (DCM) for swaps, has launched the first execution venue for real-time execution, processing and novation of non-cleared interest rate swaps. By streamlining the workflow, trueEX is defraying much of the significant complexity and operational burdens arising from mandatory…
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The innovative German index provider Solactive has announced that is launching the Solactive Global Gender Diversity Index which will be licensed to UBS. The index enables investors to integrate a gender-focused perspective in their investment strategies by choosing companies from a global stock universe that exhibit boardroom gender diversity and low volatility. The index is…
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OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, has announced that ClearTrust, LLC and Equity Stock Transfer have joined its Transfer Agent Verified Shares Program, further advancing its initiative to improve the availability and accuracy share data for OTCQX, OTCQB and Pink securities. The Transfer Agent Verified…
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Hong Kong Exchanges and Clearing Limited (HKEX) has just announced that will change the trading-fee tier of several of its Stock Option classes from January 3, 2017 based on its latest annual review of the classifications. The trading-fee classifications are comprised of the following three tiers: Tier 1: notional value above $25,000 Tier 2: notional…
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Italy’s financial markets regulator National Commission for Companies and the Stock Exchange (CONSOB) has issued a public warning against retail forex broker AlfaTrade. The Italian regulator noted that the companies Nemesis Capital Limited and Nemesis Capital Bg Limited are not authorised to provide investment services or carry out activities in Italy in any way and,…
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