November 14, 2016 BY Valentina Kirilova

SGX-NUS Law roundtable on “Dual-Class Shares Structure and the Singapore context” happening November 14

Singapore Exchange (SGX) is organising a roundtable with the National University of Singapore (NUS) Faculty of Law to discuss the feasibility of introducing the dual-class shares structure in the local market. The “Roundtable on Dual-Class Shares Structure and the Singapore Context” taking place today, 14 November 2016, is part of SGX’s process of gathering feedback…

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November 14, 2016 BY Valentina Kirilova

HKEX to defer the VCM rollout for the derivatives market

Hong Kong Exchanges and Clearing Limited (HKEX) has decided to defer the rollout of the Volatility Control Mechanism (VCM) for the derivatives market scheduled for tomorrow, 14 November 2016, to a date to be announced after a potential technical issue was identified during its final rollout preparation. The potential technical issue is rare and specific…

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November 11, 2016 BY Valentina Kirilova

FCA warns on clone firm of Carnegie Asset Management

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm UK Loans. 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 to…

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November 11, 2016 BY Valentina Kirilova

HKEX announces changes of designated securities for short selling

The Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has announced that with effect from 18 November, 2016, 37 additional securities will be eligible for short selling and 28 existing designated securities will be removed from the list. The total number of designated securities for short…

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November 11, 2016 BY Valentina Kirilova

Hong Kong SFC adds Kaplan Asset Management to its alert list

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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November 11, 2016 BY Valentina Kirilova

AxiTrader hires Ivan Rojas as Head of Latin America and Spain

Australian-owned Forex (FX) and Contracts For Difference (CFD) trading provider AxiCorp has appointed Ivan Rojas as Head of Latin America and Spain as it continues to expand its global footprint. Rojas, who will be responsible for growing AxiCorp’s presence in the burgeoning Latin American market, has more than 10 years of experience operating and growing…

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November 10, 2016 BY Valentina Kirilova

Clearstream announces October volumes

Clearstream has just announced its October volume report. Despite the thorough Blockchain analysis Clearstream and the whole Deutsche Boerse Group announced earlier today, the highlights last month were: International business Securities deposits were €6,722 billion - just a bit lower (1%), compared to last year. The number of transactions, on the other hand, made a…

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ESMA bond liquidity data
November 10, 2016 BY Valentina Kirilova

ESMA finalises advice on future rules for financial benchmarks

The European Securities and Markets Authority (ESMA) has finalised its technical advice to the European Commission on important aspects of future rules for benchmarks. In particular, ESMA provides advice on: how benchmarks’ reference values can be calculated by using data reporting structures under existing EU rules such as MiFID II and EMIR; some of the…

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November 10, 2016 BY Valentina Kirilova

Verizon might back out of its $4.8 billion Yahoo deal over data breach

Online pioneer Yahoo (NASDAQ: YHOO) has formally raised the possibility of Verizon Communications Inc. (NYSE, Nasdaq: VZ) backing out of the $4.8 billion acquisition deal, because of the massive email hack the company announced in September 2016. In the "risk factors" disclosed on Wednesday, Yahoo listed several risks and uncertainties around the pending Verizon deal that…

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November 10, 2016 BY Valentina Kirilova

Tradency launches Sherpa automated CRM platform for Forex brokers

Just a few days after the launch of the Smart Investor CFD, fintech company Tradency has announced today the launch of the Sherpa. Sherpa is said to be built to enable marketers to identify and support traders in a systematic and automated way from acquisition through retention. Sherpa maps, manages and measures interaction with traders across their…

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