Category: Financial Services

April 16, 2018 BY Valentina Kirilova

Nasdaq sells its Public Relations Solutions and Digital Media Services businesses to West Corporation

Nasdaq, Inc. (Nasdaq:NDAQ) has today announced the successful completion of the sale of its Public Relations Solutions and Digital Media Services businesses to West Corporation (“West”), a technology-enabled services company, for approximately $335 million. Through a multi-year partnership with West, Nasdaq has confirmed that it will continue to provide eligible Nasdaq-listed clients with seamless access…

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April 16, 2018 BY Valentina Kirilova

HKEX deploys Nasdaq SMARTS Market Surveillance’s latest machine learning

Nasdaq Inc. (Nasdaq:NDAQ) has announced that Hong Kong Exchanges and Clearing Limited (HKEX) is the first exchange customer in Asia to successfully deploy Nasdaq SMARTS Market Surveillance’s latest machine learning and participant relationship discovery technology across its equity market, enhancing its capabilities to safeguard market integrity, and better protect investors. Nasdaq has worked closely with…

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April 16, 2018 BY Valentina Kirilova

FMA warns against Crafters & Co Limited

The Financial Markets Authority (FMA) has announced that it has issued a formal warning to Crafters & Co Limited (Company Number: 4350380) (Crafters) and its sole director Hadleigh Petherick under s 9 of the Financial Markets Authority Act 2011. On 18 November 2015, Crafters launched a crowdfunding campaign on the PledgeMe Limited (PledgeMe) platform. During…

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April 16, 2018 BY Valentina Kirilova

SGX welcomes Rifa Futures Limited as Derivatives Trading Member

Singapore Exchange (SGX) has announced that it welcomes Hong Kong-based Rifa Futures Limited (Rifa Futures) to its derivatives market as a Trading Member. Michael Syn, Head of Derivatives at SGX said: We are pleased to extend our distribution network in Greater China with the addition of Rifa Futures to our derivatives market and look forward…

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April 13, 2018 BY Valentina Kirilova

India's TV provider Dish TV lists GDRs on London Stock Exchange

London Stock Exchange Group (LSEG) has just announced that it today welcomes Dish TV’s Global Depository Receipts (GDRs) to trading on the Professional Securities Market. This follows the completed merger between Dish TV and Videocon d2h, creating a Direct-to Home (DTH) television service provider in India, valued at over $2.2 billion and serving over 29…

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April 13, 2018 BY Valentina Kirilova

Metropolitan Stock Exchange welcomes listing of 14 IPOs

Metropolitan Stock Exchange (MSE), the youngest national level stock exchange of India has just announced that it welcomes listing of 14 IPOs. The recent additions were ICICI Securities Ltd and Lemon Tree Hotels Ltd. These young companies’ entry in the capital markets gets a red carpet from MSE under the “Permitted to trade category” (PTT),…

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April 13, 2018 BY Valentina Kirilova

EU short sellers attempt to hide positions to avoid “herd behavior”: ESMA

The public disclosure of net short positions in EU shares influences investors’ behaviour, a recent study by the European Securities and Markets Authority (ESMA) finds ESMA shared that its latest Trends, Risks, Vulnerabilities (TRV) Report No. 1, 2018 analysed net short positions reported under the Short-Selling Regulation (SSR). The SSR data shows that there were 210,341…

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April 13, 2018 BY Valentina Kirilova

SFC fines Instinet Pacific Limited $17.3 million

The Hong Kong Securities and Futures Commission (SFC) has announced that it has reprimanded and fined Instinet Pacific Limited (IPL) $17.3 million after resolving concerns over IPL’s breaches of the Code of Conduct in relation to its electronic and algorithmic trading systems and alternative liquidity pool (ALP). In November 2016, the SFC and IPL jointly…

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April 13, 2018 BY Valentina Kirilova

FCA warns against Swiss Privilege firm

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 Swiss Privilege. Swiss Privilege 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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