Category: Financial Services

FMA suspends AxiTrader's derivatives licence
September 24, 2018 BY Valentina Kirilova

Quasar Capital Corporation Ltd surrenders its FSC Investment Adviser License

The Financial Services Commission, Mauritius (the FSC Mauritius) has just informed the public that Quasar Capital Corporation Ltd has surrendered its Investment Adviser (Unrestricted) License in accordance with section 28(5) of the Financial Services Act (the FSA). Quasar Capital Corporation Ltd is registered at Level 3, Ebene House, Hotel Avenue, 33 Cybercity, Ebene. Pursuant to Section…

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September 21, 2018 BY Valentina Kirilova

LSEG signs MoU with the National Stock Exchange Of India

London Stock Exchange Group (LSEG) has announced today that it has signed a Memorandum of Understanding (MoU) with National Stock Exchange of India (NSE). LSEG and NSE will work together on creating a dual listing route for Masala bonds and explore the launch of ELITE, LSEG’s successful business support and capital raising programme for private…

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Euronext raises Oslo Børs VPS commitment to 50.6%
September 21, 2018 BY Valentina Kirilova

Euronext launches fourth session of TechShare

Euronext, the pan-European exchange in the Eurozone, has announced the launch of its fourth session of TechShare, the only European programme for non-listed companies dedicated to IPOs. Benefitting from a cohort of fast-growing European tech companies, the programme is an educational network designed to help these high-potential businesses understand the role of capital markets and…

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NYSE
September 21, 2018 BY Valentina Kirilova

Eventbrite opened for trading on the New York Stock Exchange

Eventbrite, Inc. (NYSE: EB), a global ticketing and event technology platform, is opened for trading today on the New York Stock Exchange (NYSE) under the ticker symbol “EB” following its initial public offering. Eventbrite CEO and Co-Founder Julia Hartz, joined by members of the company’s founders and senior executive team, rang the NYSE Opening Bell®,…

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Hong Kong SFC announces green finance strategic framework
September 21, 2018 BY Valentina Kirilova

Hong Kong SFC announces green finance strategic framework

The Hong Kong Securities and Futures Commission (SFC) has announced its strategic framework to contribute to the development of green finance in Hong Kong. A priority will be to enhance listed companies' consistent and comparable disclosure of environmental information, with an emphasis on climate-related risks and opportunities. The SFC will also work on ways in…

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ASIC office
September 21, 2018 BY Valentina Kirilova

ASIC extends relief for foreign financial services providers

Australian regulator ASIC has extended to 30 September 2019 licensing relief for foreign financial services providers (FFSPs) to allow them to provide financial services to Australian wholesale clients without needing to hold an Australian financial services license. The licensing relief that is extended by ASIC is in the following instruments: ASIC Corporations (Repeal and Transitional)…

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SFC fines
September 20, 2018 BY LeapRate Staff

CFTC hits Geneva Trading USA with $1.5M fine for Spoofing

The U.S. Commodity Futures Trading Commission (CFTC) announced that it has issued an Order filing and settling charges against Geneva Trading USA, LLC, a proprietary trading firm in Chicago, Illinois, for engaging in the disruptive trading practice of “spoofing.” The Order finds that Geneva engaged in this activity through three of its employees identified in the…

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September 20, 2018 BY Valentina Kirilova

Clock ticking for banks on fintech disruption: Morgan Stanley

Banks need to get their IT investment priorities in order now given the rising risk of fintech disruption, according to analysts at US based investment banking giant Morgan Stanley (NYSE:MS). The clock is ticking for banks, with new entrants able to provide banking services up to 50% cheaper, in part thanks to legacy-free IT,” Morgan Stanley's…

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VTFinTech deploys Parity One on OpenFin’s operating system
September 20, 2018 BY Valentina Kirilova

VTFinTech deploys Parity One on OpenFin’s operating system

VTFinTech, the technology provider of portfolio management and research evaluation services, today announced that it has joined the OpenFin platform to quickly and seamlessly onboard, deploy and deliver its Parity One software at scale to financial institutions. Parity One is a platform that is used by investment firms to build and manage systematic investment strategies…

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