The American financial market company Intercontinental Exchange (NYSE:ICE) released a report for its fourth quarter and year ending 31 December 2019. ICE reported $448 million of adjusted net income on $1.3 billion of consolidated revenues, a 26% YoY decrease from $611 million in Q4 2018. ICE’s earnings per share (EPS) amount to $0.80 in Q4…
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The European Securities and Markets Authority (ESMA) updated last week the double volume cap (DVC) register on its website under the Markets in Financial Instruments Directive (MiFID II). The DVC report includes the DVC data for 2019 and updates on already published periods. The agency reports 66 new DVC breaches – 55 equities for the…
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Singapore Exchange (SGX) keeps reporting record volumes, as international investors seek trading opportunities in Asia. The heightened activity is not that unexpected, as the FX industry moves toward the final stages of regulatory reforms for uncleared OTC derivatives. Interest in SGX’s suite of Asian currencies continues to grow, with record US$1.3 trillion changing hands in…
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US Treasury Under Secretary for International Affairs Brent McIntosh and Monetary Authority of Singapore Deputy Managing Director Jacqueline Loh met n Singapore for a discussion on the importance of data connectivity in financial services. Both countries recognize managing data across borders is crucial to the development of the financial sector. The new technological developments in…
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The EU Markets regulator, European Securities and Markets Authority (ESMA), announced its Strategy on Sustainable Finance. The strategy reveals sustainability as the main goal for ESMA and sets out a plan to implement Environmental, Social, and Governance (ESG) factors in its work. The strategy reveals that the fundamental priorities of ESMA include transparency obligations, risk…
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Exchange holding company Cboe Global Markets, Inc. (Cboe) released report on its turnover for January 2020. ADV in total options trading at C2 Options Exchange (C2) reached a monthly record with more than 934,900 contracts, up by 25% from January 2019. EDGX Options Exchange (EDGX) also set a monthly trading record with ADV of more…
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Fintech company Integral released its volumes report for the first month of 2020. Average daily volumes (ADV) across Integral platforms totalled $35.5 billion in January. This represents an increase of 2.3% compared to the same period last year. However, the numbers were slightly down from December’s $36.3 billion, minus 2.2% MoM. Banks, brokers, and asset managers now…
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North American Securities Transfer appeared yesterday on the New Zealand Financial Markets Authority (FMA) list of alerts and warnings. US Securities and Exchange Commission has issued a public warning against the company. The entity falsely claims be registered and licensed in the US. Vowfx also appears on the list of alerts as the company may…
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UK regulator FCA has put out the details of several unregulated companies, as well as few clone firms this week. The names of the latest additions to the regulator’s warning list are the companies Quidd Finance UK, Legit-Loan Company, Winton Finance, ABSL Umbrella Fund, ATFXHK International Limited, Best Loan Solution Ltd. According to the regulator,…
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The Cyprus regulator CySEC announced today that it has decided to withdraw the CIF licence of a company named Whotrades Ltd. The regulator is withdrawing the Cyprus Investment Firm authorisation with Number 073/06 of Whotrades Ltd. due to the company’s decision to expressly renounce it. The Cyprus watch dog has recently announced that it has…
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