Category: Financial Services

May 04, 2018 BY Valentina Kirilova

ASIC revises licensing regime for market operators

Australian regulator ASIC announced today that it has modernised and updated its regulatory guidance on the licensing regime for financial markets. Regulatory Guide 172 Financial markets: Domestic and overseas operators (RG 172) introduces a two-tiered market licence regime, applying a risk-based assessment. The new approach has been facilitated by legislative changes, made by the Government…

Read more
May 04, 2018 BY Valentina Kirilova

SZSE and SSE win bid for 25% stake in Dhaka Stock Exchange

Shenzhen Stock Exchange (SZSE) and Shanghai Stock Exchange (SSE) announced that as a Consortium have recently won the bid for 25% stake in Dhaka Stock Exchange (DSE) of Bangladesh. The proposal for the deal has been approved by regulators of both countries. In the spirit of sincerity, practicality, cooperation and mutual benefit, the Consortium developed…

Read more
May 04, 2018 BY Valentina Kirilova

Intercontinental Exchange reports record 1Q 2018 revenues, up 5% YoY

Intercontinental Exchange (NYSE: ICE), the operator of global exchanges and clearing houses and provider of data and listing services, has reported financial results for the first quarter of 2018. For the quarter ended March 31, 2018, consolidated net income attributable to ICE was $464 million on $1.2 billion of consolidated revenues less transaction-based expenses. First…

Read more
May 03, 2018 BY Valentina Kirilova

NSSC warns against cold-calling firm First Trade Options

The Nova Scotia Securities Commission (NSSC) has just warned investors that 1st Trade Options/First Trade Options is not registered to sell securities in Nova Scotia. 1st Trade Options claims to be a full service options trading company located in Panama City, Panama. 1st Trade Options and its representatives solicited at least one Nova Scotia resident…

Read more
May 03, 2018 BY Valentina Kirilova

ASIC disqualifies Western Australian SMSF auditor

Australian regulator ASIC announced that it has disqualified Paul Tattersall, of Western Australia, from being an approved auditor of self-managed superannuation funds (SMSF) for breaching independence requirements. ASIC found that Mr Tattersall had breached the auditor-independence requirements of APES 110 Code of Ethics for Professional Accountants in auditing his own fund and the fund of…

Read more
May 03, 2018 BY Valentina Kirilova

SIX launches international microwave-based trading in Europe

SIX Swiss Exchange announced that it has just launched its new international microwave-based trading connections in Europe. The Swiss exchange offers the service through its new Zurich-based joint-venture 12H AG (12H) with the shareholders of the microwave solutions provider 12Horizons Pte Ltd. Microwave technology allows trade data for all securities listed at SIX to be…

Read more
May 03, 2018 BY Valentina Kirilova

Finastra joins Finance Innovation hub

Finastra announced that it has joined Finance Innovation – a community focused on supporting innovation across all areas of financial services in France. The innovation hub brings banks, insurance companies and other financial institutions together with Fintech firms, industry bodies and academics to collaborate and drive innovation across the industry. Hugh Cumming, CTO, Platforms at…

Read more