Category: Financial Services

SGX announces trading volumes
January 02, 2020 BY Valentina Kirilova

SGX adds Orient Futures International to its derivatives market

More news from Singapore today, as Singapore Exchange (SGX) has just announced that it has added Orient Futures International (Singapore) Pte. Ltd. as a Trading and Clearing Member to its derivatives market. SGX’s derivatives market now has 65 Trading Members and 26 Clearing Members. Orient Futures International is a wholly owned subsidiary of Orient Futures Co.,…

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SGX
January 02, 2020 BY Valentina Kirilova

SGX RegCo to review retail bonds regulatory framework

Singapore Exchange Regulation (SGX RegCo) has announced today that it has set up a working group of industry professionals and investors to review the retail bonds regulatory framework. The group will discuss matters such as the admission criteria for retail bond listings, the continuing obligations of issuers of such bonds, and ways to protect bondholder…

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EBRD sells its 10% stake in Borsa Istanbul
December 31, 2019 BY Valentina Kirilova

EBRD sells its 10% stake in Borsa Istanbul

The European Bank for Reconstruction and Development (EBRD) has announced today that it has sold its 10 per-cent stake in Borsa Istanbul. The EBRD had been a shareholder in Turkey's sole exchange since December 2015. The Turkish Wealth Fund has bought EBRD's 10% stake in Borsa Istanbul, raising its stake in the stock exchange to 90.6%.…

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fca warning
December 31, 2019 BY Valentina Kirilova

UK FCA warns against several unauthorised companies

The UK Financial Conduct Authority (FCA) has put out details of several unregulated firms. The names of the latest additions to the regulator’s warning list are Smart Loans UK, Rockwell Investment Management and Parker, Weismann & Associates LLC. According to the regulator, the fraudsters are using or giving out the following details as part of…

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fca fine
December 30, 2019 BY Valentina Kirilova

Hong Kong SFC fines FIL Investment Management Ltd HK$3.5m for regulatory breaches

The Hong Kong Securities and Futures Commission (SFC) has announced that it has fined FIL Investment Management (Hong Kong) Limited (FIMHK) HK$3.5 million for regulatory breaches including unlicensed dealing in futures contracts, delay in reporting the breach to the SFC as well as submitting incorrect information during an application. According to the regulator, the company…

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Malaysian SC announces relief measures for capital market licensed entities
December 27, 2019 BY Mariela Naydenova

Bank Negara Malaysia issues licenses to up to five digital banks

Malaysia is taking new steps to enhance the growing popularity of virtual banks and the benefits they can offer to customers. The country's central bank, Bank Negara Malaysia (BNM), will issue up to five licenses to digital banks in Malaysia. BNM is currently working on releasing the "Exposure Draft on Licensing Framework for Digital Banks", or…

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TAIFEX
December 27, 2019 BY Valentina Kirilova

Taiwan Futures Exchange launches real-time market data feed in 2020

The Taiwan Futures Exchange (TAIFEX) has announced that as of 23 March 2020, it will start providing real-time market data feed. The exchange will also introduce continuous trading on Taiwan’s stock market, which currently adopts the call auction trading method during trading hours. Market participants and information vendors will be able to choose to connect to…

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December 23, 2019 BY Valentina Kirilova

Blockchain leaders to tackle inefficiencies in the global FX market

Fnality and Finteum have announced last week that they have joined forces to deliver interoperability between the Finteum application, built on R3’s Corda platform, and Fnality’s Utility Settlement Coin (USC) solution, based on Ethereum. LeapRate reminds that Corda Network facilitates full interoperability between applications and businesses on Corda. This allows data used on one application to be shared…

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fca warning
December 23, 2019 BY Valentina Kirilova

UK FCA warns against several unauthorised companies

The UK Financial Conduct Authority (FCA) has put out details of several unregulated firms. The names of the latest additions to the regulator’s warning list are Star Finance and Ouroneclub. According to the regulator, the fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:…

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