Category: Financial Services

SFC fines
September 26, 2018 BY Valentina Kirilova

SG Americas Securities fined $800.000 for improper handling of ADRs

The Securities and Exchange Commission (SEC) has announced that SG Americas Securities LLC will pay more than $800,000 to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs), predominantly by its predecessor entity. In its order against SG Americas, a registered broker-dealer and subsidiary of Paris-based Société Générale S.A., the SEC found that…

Read more
Nasdaq Copenhagen Improves Small Cap Market Access For Non-Nordic Trading Members
September 25, 2018 BY Valentina Kirilova

Nasdaq Stockholm launches two new sustainable debt segments

Nasdaq (Nasdaq: NDAQ) has announced the launch of two new market segments in Stockholm – Nasdaq Stockholm Sustainable Commercial Papers and Nasdaq Stockholm Sustainable Products. The new market segments will list sustainable commercial papers and structured products, respectively, and follows the strong growth of Nasdaq’s Sustainable Bond Market. The launch of these two segments further…

Read more
Eurex enhances European ETF ecosystem with new product
September 25, 2018 BY Valentina Kirilova

Itiviti integrates ETF data services from ULTUMUS

Itiviti, the global provider of multi-asset trading technology and financial infrastructure, has announced a strategic partnership with ULTUMUS, an ETF data solution provider. The partnership will provide Tbricks by Itiviti ETF clients with the ability to compare multiple sources of static data to ensure quality which is key for a competitive and profitable ETF business.…

Read more
Integral volumes
September 25, 2018 BY Valentina Kirilova

BSO to offer direct connectivity to BSE’s India INX

The India International Exchange Limited (India INX), India’s first international exchange based in the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City) and BSO, the Ethernet network, cloud and hosting provider, have just announced that BSO has become the first global network provider to offer direct connectivity to the India INX…

Read more
ASIC applauds the enactment of stronger whistleblowing laws
September 25, 2018 BY Valentina Kirilova

SEC pays almost $4 million to overseas whistleblower

The Securities and Exchange Commission (SEC) has announced that it has awarded nearly $4 million to an overseas whistleblower whose tip led it to open an investigation and whose extensive assistance helped it bring a successful enforcement action. Whistleblowers, whether they are located in the U.S. or abroad, provide a valuable service to investors and…

Read more
warning
September 25, 2018 BY Valentina Kirilova

AMF warns against unauthorized forex website

The Autorité des marchés financiers (AMF) and the Autorité de contrôle prudentiel et de résolution (ACPR) have published a list of new websites and entities offering investments on the unregulated foreign exchange (Forex) market in France, without authorisation to do so. Here is the new website recently identified: www.london-equity.com / London Equity Ltd A list…

Read more
etf
September 25, 2018 BY Valentina Kirilova

BlackRock to launch Inclusion & Diversity fund with Thomson Reuters

BlackRock has announced that it has collaborated with information giant Thomson Reuters (NYSE:TRI) to launch an exchange traded fund (ETF) to provide investors with a way to invest in companies across developed and emerging markets that promote diversity and inclusion practices, which have been shown to benefit companies’ long-term performance. The iShares Thomson Reuters Inclusion…

Read more
Regulation
September 24, 2018 BY Valentina Kirilova

Regulated by ASIC? Urgent action required by 27 September

Organisations and individuals regulated by ASIC must act by this Thursday 27 September to meet their legal obligations under new industry funding laws. ASIC sent a letter in July to each organisation and individual’s company's registered office address. This letter advised how to provide industry funding contact details and submit business activity metrics in the…

Read more
Poland reclassified to Developed Market status by FTSE Russell
September 24, 2018 BY Valentina Kirilova

Poland reclassified to Developed Market status by FTSE Russell

Global index provider FTSE Russell has informed the public that it has reclassified Poland from Emerging Market to Developed Market status on 24 September 2018. With the upgrade, Poland is classified as one of the 25 most advanced global economies including the USA, UK, Germany, France, Japan, Australia. Furthermore, Poland is the first country in…

Read more
SFC fines
September 24, 2018 BY Valentina Kirilova

CFTC fines Mizuho Bank $250,000

The Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Mizuho Bank, Ltd. (Mizuho) for engaging in multiple acts of spoofing in a variety of futures contracts on the Chicago Mercantile Exchange and the Chicago Board of Trade, including futures contracts based on United States Treasury notes and Eurodollars. The…

Read more