Category: Financial Services

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…

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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…

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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…

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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…

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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…

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May 03, 2018 BY Valentina Kirilova

SEC launches investor protection search tool SALI

The SEC’s “SALI” tool will allow investors to identify individuals subject to judgments or orders in enforcement actions The Securities and Exchange Commission (SEC) announced the launch of an additional online search feature that enables investors to research whether the person trying to sell them investments has a judgment or order entered against them in…

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May 03, 2018 BY Valentina Kirilova

ASIC permanently bans former authorised representative from providing financial services

ASIC announced that it has permanently banned Queensland financial adviser Mr Michael Gordon Taylor from providing financial services. Mr Taylor was an authorised representative of Morgans Financial Limited from 10 March 2004 until 21 September 2015. Between 2007 and 2015, Mr Taylor borrowed approximately $1.2 million from 16 clients. Borrowing from clients involved a conflict…

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