Category: Financial Services

June 12, 2018 BY Valentina Kirilova

Global exchange revenues hit record $30.7 billion in 2017

Global exchange revenues totaled a record $30.7 billion in 2017, increasing by 8.1% as resurgent trading, clearing and settlement revenue supported industry growth according to Burton-Taylor International Consulting (a division of TP ICAP’s Data & Analytics group) in a report published today. London Stock Exchange Group (LSE) and Hong Kong Exchanges and Clearing (HKEX) drive…

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June 12, 2018 BY Valentina Kirilova

Hong Kong SFC fines individual $80,000

The Hong Kong Securities and Futures Commission (SFC) announced that it has reprimanded Mr Lau Ki Fung, a former account executive of KGI Asia Limited (KGI), and fined him $80,000 for failing to keep proper records of order instructions from clients. The SFC found that between 29 July 2015 and 10 August 2015, Lau received…

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June 12, 2018 BY Valentina Kirilova

TASE launches new Tel Bond-Dollar Index

​The board of directors of the Tel-Aviv Stock Exchange (TASE) announced that they have approved (June 7th, 2018) the launch of a new corporate bonds index – the “Tel Bond-Dollar Index”. The index will consist of dollar-linked corporate bonds listed on TASE. Following the launch of the new index, TASE will be calculating 29 Tel…

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June 12, 2018 BY LeapRate Staff

Markit founder Rony Grushka joins $4M round in regtech company Cappitech

Cappitech, a leading provider of automated regulatory reporting technology for the financial services industry, has announced that it has secured $4 million in series A financing. The financing round was led by venture capital firm 83North (formerly Greylock Israel) with participation from Rony Grushka (pictured above) and Kevin Gould, co-founders of Markit. As part of…

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June 12, 2018 BY Valentina Kirilova

The Railway Bond returns to Shenzhen Stock Exchange

The Shenzhen Stock Exchange (SZSE) has informed that the 9th tranche of China Railway Construction Bond (the Railway Bond) shall be listed and traded both in the interbank market and stock exchanges. Successfully issued on June 6, the Railway Bond shall be listed in SZSE on June 11. The bond was offered with a 5-year…

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June 12, 2018 BY Valentina Kirilova

ASIC implements financial benchmark regulatory regime

Australian regulator ASIC announced that it has today finalised and published benchmarks rules, a significant benchmarks declaration, and a regulatory guide in a further series of measures towards establishing a comprehensive regulatory regime for financial benchmarks. This follows the establishment of a robust licensing regime for financial benchmarks through the recent passage of legislation through…

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June 11, 2018 BY Valentina Kirilova

TOCOM and HKEX sign MoU

Hong Kong Exchanges and Clearing Limited (HKEX) and Tokyo Commodity Exchange (TOCOM) have announced that they have today signed a Memorandum of Understanding (MOU) to further promote their cooperation through information exchanges, staff exchanges, product development and joint promotion. HKEX Chief Executive Charles Li said: The signing of the MOU marks the start of a…

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June 11, 2018 BY Valentina Kirilova

FCA warns against Efforex clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Efforex. 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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June 11, 2018 BY Valentina Kirilova

Cboe reports record average daily notional value for Cboe LIS

Cboe Global Markets, Inc. (Nasdaq: CBOE) has reported highlights from May 2018 for Cboe Europe Equities, including record average daily notional value (ADNV) traded for its block trading platform, Cboe LIS, as well as its Periodic Auctions book. The proportion of activity on the Cboe Periodic Auctions book that is a result of broker priority…

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