Last night, there was another rally in oil prices in anticipation of OPEC members reaching a freeze plan in a meeting next week. In recent days, several OPEC members including Iran, along with non-OPEC member Russia, have suggested they were leaning toward a deal to limit output. This becomes increasingly promising against a backdrop of…
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TMX Group (TSX: X) has welcomed yesterday's announcement that the Commissioner of Competition has discontinued his investigation into allegations that TMX Group engaged in conduct contrary to the provisions of the Competition Act. TMX Group has cooperated fully during the investigation and remains firmly committed to conducting business with integrity in full compliance with the Competition…
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The Securities and Futures Commission (SFC) has publicly censured and imposed a 24-month cold-shoulder order against Zheng Dunmu for breaching the mandatory general offer obligation of the Takeovers Code. At the relevant time, Zheng was chairman, executive director and a controlling shareholder of Changgang Dunxin Enterprise Company Limited and held a 56.25% interest in Changgang…
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Monex Group, Inc. (TYO:8698) has shared its monthly consolidated financial results (IFRS) for October 2016, reporting operating revenue of ¥3,401 million. The numbers have dropped just a tiny bit from the previous month (¥3,402 million in September). 3Q starts quite lower than 2Q and 1Q but there's still plenty of time until the end of…
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MetaTrader technologies provider Gold-i has just announced that the Gold-i MT5 Gateway launches at the end of this month. The ultra-low latency Gold-i MT5 Gateway launches with access to over 70 Liquidity Providers. Gold-i’s MT5 Gateway has been designed to work with Matrix – Gold-i’s sophisticated, modular multi-asset Liquidity Management Platform. This means that brokers…
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ASIC has extended its relief for foreign financial service providers (FFSPs) from the requirement to hold an Australian financial services (AFS) licence when providing financial services to Australian wholesale clients by Luxembourg fund managers. The relief in ASIC Corporations (CSSF-Regulated Financial Services Providers) Instrument 2016/1109 applies to Luxembourg fund managers who are either: management companies,…
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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 Pearson Global Markets / Pearson Private Clients. Pearson Global Markets / Pearson Private Clients is not authorised by the FCA but has been targeting people in…
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The Securities and Exchange Commission (SEC) has announced that Matthew C. Solomon, the Chief Litigation Counsel for the SEC’s Enforcement Division, will leave the agency early next month. Mr. Solomon has led the Enforcement Division’s litigation program since September 2013, managing cases pending both in federal courts and administrative proceedings at the Commission. The trial…
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On 1 March 2017, Deutsche Börse will launch a new exchange segment designed to enhance access to investors and growth capital for smaller and medium-sized enterprises (SMEs). As a segment of the exchange-regulated market, it will replace the Entry Standard for equities and corporate bonds. The General Standard and the Prime Standard will remain as…
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The premier post-trade market infrastructure for the global financial services industry, the Depository Trust & Clearing Corporation (DTCC), has announced that its Global Trade Repository (GTR), through its locally registered trade repository, has added trade repository services for Newfoundland and Labrador. With this addition, GTR now supports all Canadian provinces and territories, with existing support…
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