November 01, 2016 BY Valentina Kirilova

Equity futures trading increases rapidly on Nasdaq Dubai

Activity on Nasdaq Dubai’s equity futures market has increased significantly in its second month, with 103,393 contracts traded in October, up 567% from 15,508 in September. The market opened on September 1, 2016, with single stock futures contracts on seven leading UAE-listed companies: Aldar Properties, Arabtec Holding, DP World, Dubai Islamic Bank, DXB Entertainments, Emaar…

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November 01, 2016 BY Valentina Kirilova

FCA prohibits six individuals for their part in unauthorised collective investment scheme

The UK Financial Conduct Authority  has announced that between July 2008 and November 2011 six individuals have been involved in the operation of an unauthorised collective investment scheme through three companies: Plott Investments Ltd (which changed its name to Plott UK Ltd), European Property Investments (UK) Ltd and Stirling Alexander Ltd. The scheme led to…

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TriOptima sets new triReduce portfolio compression service record
November 01, 2016 BY Valentina Kirilova

Market moves to adopt TriOptima's triResolve Margin service

Post trade infrastructure provider TriOptima, part of ICAP plc (LON:IAP), has announced that an increasing number of financial institutions are joining the triResolve Margin service in anticipation of the new variation margin rules for non-cleared OTC derivatives effective 1 March 2017. These institutions include a variety of dealers, buy-side and corporates such as B &…

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sec building
November 01, 2016 BY Valentina Kirilova

Energy company co-founder charged in manipulation scheme

The Securities and Exchange Commission (SEC) charged the co-founder of a Minnesota-based energy company with manipulating its stock price and concealing his control of the company to attain lucrative financial payouts. The company’s other co-founder agreed to pay nearly $8 million to settle separate charges against him. Three others also are charged in the case.…

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November 01, 2016 BY Valentina Kirilova

ASIC suspends AFS licence for failing to lodge financial statements

ASIC has suspended the Australian financial services (AFS) licence of Parramatta-based Rural & General Insurance Broking Pty Limited (RGIB) for failing to lodge financial statements, auditor's reports and auditor's opinions for the financial years ending 30 June 2014 and 30 June 2015. This is in breach of both its legal obligations under the Corporations Act…

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November 01, 2016 BY Valentina Kirilova

Brave New Coin partners with Tullett Prebon Information to distribute Digital Currency pricing data

Tullett Prebon Information (TPI), a provider of independent real-time price information from the global OTC financial and commodity markets, has signed a deal with Brave New Coin (BNC) to distribute its digital currency data. This is the first time such a comprehensive view of the entire digital currency landscape has been made available to financial…

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October 31, 2016 BY Valentina Kirilova

CLS welcomes promotion of PvP settlement in FSA's

With the heightened focus on regulation, growing cross-border investment and reducing securities trade settlement cycles globally, provider of risk mitigation and operational services for the global FX market ClS has welcomed the initiative by the Financial Services Agency (FSA) to promote payment-versus-payment (PvP) settlement to mitigate settlement risk. This reaffirms Japan's commitment to strengthening settlement…

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October 31, 2016 BY Valentina Kirilova

Wall Street's blackest hours: Black Monday revisited

Lessons From 29 Years of Market History 29 years ago this month the world equity markets experienced a meltdown that became known as Black Monday (or Black Tuesday in Asian time zones). On October 19, the Dow Jones Industrial Average plunged 23%, which happened to be its largest-ever one-day percentage decline. As equity and bond…

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