The Spanish Stock Market Bolsa de Madrid (BME)’s net profit for the first half of 2018 totalled 71.3 million euros while in the second quarter of the year it reached 33.4 million euros, down 11.2% and 18.4 year-on-year respectively. The result is 11.2% lower year-on-year Net profit in the second quarter came in at 33.4…
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New Zealand Stock Exchange (NZX) has just announced the sale of its Australian grain data business which was identified as non-core during the exchange’s strategic review last year. The Melbourne based agribusiness assets, Australian Crop Forecasters and Profarmer Australia have been sold to Rural Bank, Australia’s only owned and operated dedicated agribusiness bank. All six…
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UK financial regulator The FCA has announced that it will be proposing changes to rules for crowdfunding platforms. Following a post-implementation review of its crowdfunding rules, the FCA is opening a consultation on new rules for loan-based crowdfunding platforms. The FCA is asking for responses to this consultation by October 27, 2018 before publishing rules in…
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The Financial Markets Authority (FMA) has just issued a warning against a scam company called White Square Trading Limited. The UK Financial Conduct Authority has published a warning in relation to this entity, which can be accessed by the following link: White Square Trading Limited – trading as Universe Markets. White Square Trading Limited Entity name: White…
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Cboe Global Markets, Inc. (Nasdaq: CBOE), the exchange holding company, has just announced that Senator Mike Rounds (R-SD) and Senator Tammy Duckworth (D-IL) today introduced S. 3283, The Options Markets Stability Act. The legislation is identical to H.R. 5749, which the U.S. House of Representatives unanimously passed earlier in July and was included as part…
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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 company Monaco Finance. Monaco Finance is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Moneyfall. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to scam…
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As per 30 March 2019, the United Kingdom intends to leave the European Union. In a worst-case scenario, no transition period will be agreed upon and the United Kingdom will consequently need to be considered as a third country as from 30 March 2019. Based on the current state of negotiations, entities need to consider…
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Deutsche Börse AG has published its results for the second quarter of 2018 on Wednesday. The company generated net revenue of €687.0 million, an increase of 10% compared to the previous year (Q2/2017: €623.6 million). Deutsche Börse thus achieved secular net revenue growth of approximately 7 per cent, in line with its projections. In addition,…
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The Eastern Magistrates’ Court has informed the public that it has found Mr Wong Hung not guilty of illegal short selling. The Hong Kong Securities and Futures Commission (SFC) alleged that, on 20 occasions between 6 and 20 January 2012, Wong sold shares of five stocks through his securities account at Hung Sing Securities Limited,…
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