MOEX has announced that a new version of the Moscow Exchange Free Float Methodology will come into force on 31 October 2016. The new methodology defines more precisely criteria to be applied to securities to determine their free float. In particular, such criteria include a minimum liquidity ratio (defined by the turnover rate, i.e. a…
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Continuing its acquisition spree outside of the Forex sector after having failed to acquire Plus500 and AvaTrade, gaming technology provider Playtech PLC (LON:PTEC) has announced that it has acquired bingo software and hardware solutions provider ECM Systems. ECM supplies software and support services to the UK retail bingo market, including major operators Gala Leisure, Mecca…
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International derivatives marketplace CME Group Inc (NASDAQ:CME) and business information giant Thomson Reuters Corp (NYSE:TRI) have announced that Morgan Stanley (NYSE:MS) has joined the LBMA Silver Price as a new member. CME Group and Thomson Reuters operate the Silver Price. The financial services firm Morgan Stanley will be the seventh participant joining China Construction Bank, HSBC Bank…
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Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology solutions, has announced that clients utilizing its ACH Processing Services have reported transaction volume growth of 12% to 14%, significantly higher than NACHA-member average of approximately four percent year over year. ACH Processing Services is a hosted (outsourced) version of PEP+(R), an online, real-time…
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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 UK Financial Conduct Authority has put out details of the cloned firm Adexec Loans & Financial Solutions. 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…
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Deutsche Börse has announced an unscheduled adjustment to the free float of Capital Stage AG in SDAX. The company’s free float changed by more than 10 percentage points, which was caused by a capital increase due to an acquisition of another company as well as a significant change in shareholder structure of Capital Stage AG.…
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A blockchain platform developed by a group that includes more than 70 of the world's biggest financial institutions is making its code publicly available, in what could become the industry standard for the nascent technology. The Corda platform has been developed by a consortium brought together by New-York-based financial technology company R3. It represents the…
Read moreHong Kong Exchanges and Clearing Limited (HKEX) has announced that today's (Friday) trading sessions in the securities and derivatives markets, including After-Hours Futures Trading, have been cancelled due to the issuance of Typhoon Signal No. 8. No securities clearing and settlement services will be provided for the day. No Stock Connect northbound trading is available…
Read moreThe Commission de Surveillance du Secteur Financier (CSSF) has warned of the activities of an entity named Millionet Investment Management Limited, operating at www.millionetasia.com. Millionet Investment Management Limited claims to be located at 26 boulevard Royal, L-2449 Luxembourg. The CSSF has informed that the entity Millionet Investment Management Limited is unknown to it and that the entity…
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