Bats Global Markets, Inc. (Bats: BATS), a global exchange operator and provider of market data and other financial markets services, has reported net income of $28.5 million and adjusted earnings of $35.3 million for the third quarter ended September 30, 2016. Net income increased 13% and adjusted earnings rose 17% compared to the same period…
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Securities Commission Malaysia (SC) has introduced six registered Peer-to-Peer (P2P) financing platform operators in Malaysia to widen funding avenues for small and medium enterprises (SMEs). The six registered operators are B2B FinPAL, Ethis Kapital, FundedByMe Malaysia, ManagePay Services, Modalku Ventures and Peoplender. They are expected to be fully operational in 2017. This makes Malaysia the…
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The Stock Exchange of Hong Kong Limited (HKEX) has placed Bel Global Resources Holdings Limited into the third delisting stage today. If no viable resumption proposal is received by the end of the third delisting stage (i.e. 2 May 2017), the company’s listing will be cancelled. Trading of the company's shares was suspended on 4 July…
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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 My Money Solutions. My Money Solutions is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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Financial innovation firm R3 has announced the addition of China Foreign Exchange Trade System (CFETS), China’s official interbank market trading platform, to its consortium to design and apply distributed and shared ledger-inspired technologies to global financial markets. Headquartered in Shanghai, CFETS provides a series of services covering issuance, trading, information and post-trade for cash and…
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TMX Group (TSX: X) has marked the first trading day for four letter stock symbols on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV), an industry initiative designed to offer Canadian issuers and applicants greater choice in how they are identified and also to provide interlisted issuers with the opportunity to be uniformly represented…
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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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Innovative fintech companies in Australia and Ontario will be able to draw on support from the combined resources of their financial regulators as they seek to operate in the others’ market, under a new agreement. Under the agreement, signed in Toronto this week, the Australian Securities and Investments Commission (ASIC) and the Ontario Securities Commission…
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Hong Kong Exchanges and Clearing Limited (HKEX) has presented the unaudited consolidated results of the Exchange for the nine months ended 30 September 2016. Here are some of the highlights: Revenue and overall financial performance remained steady in Q3 2016, compared to the prior quarter, with some pickup in volumes during September. Revenue and other…
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International derivatives marketplace CME Group Inc. (NASDAQ: CME) has announced that October 2016 average daily volume (ADV) reached 13.1 million contracts per day, up 2% from October 2015. CME Group October 2016 electronic options volume averaged 1.5 million contracts per day, a rise of 7% versus October 2015. CME Group year-to-date 2016 ADV through October…
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