October 11, 2016 BY Valentina Kirilova

S&P Dow Jones Indices and MarketAxess enter strategic agreement to Build U.S. Corporate Bond Indices

S&P Dow Jones Indices has entered into an agreement with MarketAxess, an electronic trading platform for fixed-income securities and a provider of market data and post-trade services for the global fixed-income markets, to jointly develop indices that will track the most liquid segments of the U.S. corporate bond market. Alex Matturri, Chief Executive Officer of…

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October 11, 2016 BY Valentina Kirilova

FCA warns on Utility Bill Solutions firm

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 Utility Bill Solutions. Utility Bill 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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October 11, 2016 BY Valentina Kirilova

ESMA publishes updated Q&A on CFDs and other speculative products

The European Securities and Markets Authority (ESMA) has published today an updated version of its question and answer document (Q&A) on the application of the Markets in Financial Instruments Directive (MiFID) to the marketing and sale of financial contracts for difference (CFDs) and other speculative products to retail clients (such as binary options and rolling…

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October 11, 2016 BY Valentina Kirilova

DGCX Group welcomes ABN AMRO Clearing Bank N.V. as clearing member

Dubai Gold and Commodities Exchange (DGCX) has welcomed ABN AMRO Clearing Bank N.V. as a Special Clearing Member on Dubai Commodities Clearing Corporation (DCCC). DCCC is a wholly owned subsidiary of DGCX and acts as central counterparty for all trades executed on the Exchange. ABN AMRO Clearing is a global company in clearing and post-trade services and…

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October 11, 2016 BY Valentina Kirilova

FXCM retail FX volumes power ahead 20% in September

FXCM Inc. (NASDAQ:FXCM) has announced certain key customer trading metrics for September 2016 for its retail and institutional foreign exchange business. September seems to be a great month for FXCM's retail FX volume results since they have reached their highest peak since January 2016. Here are the highlights: September 2016 Customer Trading Metrics from Continuing Operations Retail Customer Trading Metrics Retail…

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October 11, 2016 BY Valentina Kirilova

CMC Markets launches new Knock-Out CFDs in Germany and Austria

FCA regulated online brokerage group CMC Markets Plc (LON:CMCX) has expanded its product portfolio with the launch of Knock-Out CFDs in Germany and Austria. Clients will be able to trade Knock-Outs in an easy and customisable way via the Next Generation platform. A Knock-Out CFD is a popular limited-risk form of derivative trading which enables a…

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October 11, 2016 BY Valentina Kirilova

CySEC announces a change in the treatment of the Investors Compensation Fund Contribution

The Cyprus Securities and Exchange Commission ( CySEC) has informed the Cyprus Investment Firms (CIFs) about the following: According to the Investment Services and Activities and Regulated Markets Law CIFs are obliged to be members of, and contribute to, the Investors Compensation Fund (ICF). By now for capital adequacy purposes, the ICF contribution has been categorised as an…

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October 11, 2016 BY Valentina Kirilova

Thomson Reuters and AIM Software strengthen collaboration to streamline client experience

Business information giant Thomson Reuters Corp (NYSE:TRI) and AIM Software have announced the release of an upgraded and fully standardized adapter that allows buy-side firms to connect DataScope Select pricing and reference data with AIM Software’s enterprise data management (EDM) platform, GAIN. The innovative solution allows investment managers, asset managers and asset servicing firms who use…

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October 11, 2016 BY Valentina Kirilova

Four-party Agreement for Shenzhen-Hong Kong Stock Connect signed

The Stock Exchange of Hong Kong Limited (SEHK) and Hong Kong Securities Clearing Company Limited (HKSCC), wholly-owned subsidiaries of Hong Kong Exchanges and Clearing Limited (HKEX), have signed an agreement (the Four-party Agreement) today with the Shenzhen Stock Exchange (SZSE) and China Securities Depository and Clearing Corporation Limited (ChinaClear) for the establishment of Shenzhen-Hong Kong…

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