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,…
Read more
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,…
Read more
Australian regulator ASIC has just announced that it has obtained final orders in the Supreme Court of Queensland against Daniel Farook Ali, former director of DanFX Trade Pty Ltd (DanFX). ASIC commenced proceedings in 2017 alleging that Mr Ali, through DanFX, operated an unregistered managed investment scheme known as the Daniel Ali Scheme, which raised…
Read more
Intercontinental Exchange, Inc. (NYSE:ICE), the operator of global exchanges and clearing houses and provider of data and listings services, has announced today that ICE One Month SONIA futures achieved record trading volume yesterday of 4,563 contracts and ICE One Month and Three Month SONIA futures both set record open interest on July 24, 2018, totalling…
Read more
Nasdaq, Inc. (Nasdaq:NDAQ) has just reported financial results for the second quarter of 2018. Some of the highlights include: In April, the company completed the divestiture of its Public Relations Solutions and Digital Media Services businesses, a key step in our strategic repositioning to maximize opportunities as a capital markets technology and analytics provider. Second…
Read more
Belize financial regulator IFSC has issued a Warning Notice regarding a company called Kerry Sitar Global Limited, operating via website www.kysrfx.com/en/supervise.aspx. The entity is not licensed under the IFSC Act to provide, carry on, transact, or hold itself out as providing, carrying on, or transacting any of the international financial services as set out in…
Read more
The Securities and Exchange Commission (SEC) has announced that a senior executive at a Silicon Valley fiber optics company has agreed to settle charges that he made nearly $200,000 in illicit profits by trading on inside information in advance of three disappointing earnings announcements by the company. The case stems from the SEC Market Abuse…
Read more
There has been further growth in new listings on The International Stock Exchange (TISE), with 338 newly listed securities during the first half of 2018. This takes the total number of listed securities on the Exchange up to 2,642 at the end of June 2018. During the same period, four new members have been approved…
Read more
The Financial Conduct Authority (FCA) has just announced that it has banned David James Carter Mullins, Edward John Booth, Christopher Paul Brotherton and Mark Robert Kennedy, the former directors and shareholders of Secure My Money Limited (now dissolved). The firm took fees of over £7.2 million from approximately 124,000 online customers by duping them into…
Read more
The Cyprus Securities and Exchange Commission (CySEC) has just announced that it has imposed fines amounting to almost €6.4 million for the acquisition of Sea Star Capital Plc shares, including misleading information and market abuse. The fines have been made for violation of Article 9 (1) (a) of the ‘Insider Dealing and Market Manipulation (Market…
Read more