November 21, 2016 BY Valentina Kirilova

UAE broker Daman Securities upgrades online trading platform

Dubai-based Daman Securities, one of the UAE's financial services, has released a brand new version of its online trading service for stock listed in Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX). The standards-setting web-based Daman Online Trading service provides subscribing investors with a number of advanced exclusive features and upgraded functionality compared…

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November 21, 2016 BY Valentina Kirilova

SGX in blockchain group advancing Singapore’s vision of Smart Financial Centre

Singapore Exchange (SGX) has announced that has become part of an industry-wide collaboration that will harness blockchain technology to advance Singapore’s vision of a Smart Financial Centre. At last week’s Singapore FinTech Festival, the Monetary Authority of Singapore (MAS) has announced a partnership with the financial innovation group R3, and a consortium of financial institutions to…

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November 21, 2016 BY Valentina Kirilova

GTX hires Edward Brown to run Swap Execution Facility

Company to increase focus on solutions as regulation reshapes the FX Market GTX, the institutional foreign exchange trading arm of GAIN Capital Holdings Inc. (NYSE: GCAP), has announced the appointment of Edward Brown as Chief Executive Officer of GTX SEF, LLC, a Swap Execution Facility (SEF). Mr. Brown joins with over 25 years' experience in…

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November 19, 2016 BY Valentina Kirilova

FCA warns on The Loan Lenders firm

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 The Loan Lenders. The Loan Lenders is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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November 18, 2016 BY Valentina Kirilova

Bats reports new record in U.S. options trading in October

Bats Global Markets, Inc. (Bats: BATS) has reported October data and highlights, including a new record month for U.S. options trading at 11.8% and strong single-leg equity options market share at 18.2%. During the month, Bats has also announced the successful migration of BZX Options to Bats’ next generation matching engine. Both Bats’ options markets…

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November 18, 2016 BY Valentina Kirilova

FCA warns on Search Loans Ltd firm

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 Search Loans Ltd. Search Loans Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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November 18, 2016 BY Valentina Kirilova

ASIC charges former company director with fraud

ASIC has announced that Mr Shane Douglas Heal, of Kangaroo Point, New South Wales today appeared in the Brisbane Magistrates Court charged with three counts of fraud under the Criminal Code (Queensland). ASIC alleges Mr Heal, in: 2008, dishonestly gained a benefit of $250,000 from an investor for Shyfox Pty Ltd (Shyfox), and 2009, dishonestly…

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CSA proposes rule regarding non-GAAP and other financial measures
November 18, 2016 BY Valentina Kirilova

Canadian Securities Regulators publish guidance for portfolio managers working with investment dealers

The Canadian Securities Administrators (CSA) has published CSA Staff Notice 31-347 Guidance for Portfolio Managers for Service Arrangements with IIROC Dealer Members. The notice provides information and guidance for CSA-regulated portfolio managers who enter into custody and trading arrangements with dealer members of the Investment Industry Regulatory Organization of Canada (IIROC). In recent years, Portfolio…

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