Fiserv, Inc. (NASDAQ:FISV), a global provider of financial services technology solutions, has announced that its Board of Directors has authorized it to repurchase 15 million shares of the company's common stock, which is in addition to the shares remaining available under the company's existing authorization. Fiserv may repurchase shares in the open market or in…
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Global exchanges and clearing houses and provider of data and listings services Intercontinental Exchange (NYSE:ICE) has announced that Goldman Sachs International (NYSE:GS) has joined ICE Clear Netherlands as a General Clearing Participant. Joost Beckers, President and COO, ICE Clear Netherlands, commented: ICE Clear Netherlands is delighted to welcome Goldman Sachs International as General Clearing Participant. We…
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The Securities and Futures Commission (SFC) has prohibited Mr Derek Ong, a former representative of Deutsche Securities Asia Limited, from re-entering the industry for 10 years from 17 November 2016 to 16 November 2026 for conspiring to manipulate the Korean Composite Stock Price Index 200 (KOSPI200) in November 2010. In February 2011, the Securities and…
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The Taiwan Futures Exchange’s (TAIFEX) Nifty 50 Futures contract received Commission Certification from the United States Commodity Futures Trading Commission (CFTC) on November 8, 2016, right after the launch of TAIFEX Nifty 50 Futures on November 7. The TAIFEX Nifty 50 Futures contract can now be offered and sold to U.S. persons. The Nifty 50…
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Algomi, the network company providing information-matching solutions for the optimisation of fixed income liquidity, has announced Rony Grushka joined its board with immediate effect. Grushka was a co-founder of Markit Group and played a major role in building it into one of the world’s most highly respected financial information companies. Over 13 years, he has…
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ASIC has announced that Sydney man Fei Yu has been convicted by Justice Armitage of the NSW District Court after pleading guilty to one rolled up charge of insider trading and formally admitting a second insider trading offence that was taken into account by the Court. Mr Yu has been released on recognizance subject to…
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Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
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The Staff of the U.S. Commodity Futures Trading Commission (CFTC) has issued a report detailing the results of a supervisory stress test of major clearinghouses. The purpose of the analysis was to assess the impact of a hypothetical set of extreme but plausible market scenarios across multiple clearinghouses and their clearing members. The analysis included…
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The Malta Financial Services Authority (MFSA) has become aware of the website www.gemini2.co which claims that is searching for 50 beta testers who will make 'at least $12,341.37 a day'. What a salary indeed! The MFSA alerts the public, in Malta and abroad, to refrain from undertaking any business or transactions with the above-mentioned entity. The…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm M J Ansen. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…
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