Category: Financial Services

January 16, 2018 BY Valentina Kirilova

Metamako provides technology to monitor every trade at Deutsche Börse

Metamako, the provider of intelligent, FPGA-enabled network platforms, announced that it is providing its technology to Deutsche Börse Group. The exchange is using the company’s network devices to increase the accuracy, speed and precision of data capture, network monitoring and timestamping of its co-location network. Every trade is now monitored by a Metamako device, making…

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Shenzhen Stock Exchange publicly denounces Changsheng Bio-technology
January 16, 2018 BY Valentina Kirilova

SZSE and CSDS amend measures on Stock Pledge and Repo Transactions

With the permission from China Securities Regulatory Commission (CRSC), Shenzhen Stock Exchange (SZSE) and China Securities Depository and Clearing Corporation Limited (CSDS) announced that they have amended the Measures on Stock Pledge and Repo Transactions and Registration and Clearing (a trial version revised in 2017, hereinafter referred to as the Measures), and released the amended…

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January 15, 2018 BY Valentina Kirilova

Barclays trader outlines use of Last Look FX and Toxic Clients

Barclays Plc (LON:BARC) has fired managing director David Fotheringhame after an order from the Department of Financial Services (New York regulator) two years ago, Bloomberg reported.  Fotheringhame was sacked after a $150 million settlement between Barclays and the New York’s banking regulator. The agency had told the bank in 2015 to “take all steps necessary”…

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Canadian Securities Administrators CSA
January 15, 2018 BY Valentina Kirilova

CSA issues statement following rescission of the Cole Memorandum

On October 16, 2017, the Canadian Securities Regulator (CSA) has published Staff Notice 51-352 Issuers with U.S. Marijuana-Related Activities. The notice outlined a disclosure-based approach to highlight risks facing issuers with U.S. marijuana-related activities and reflected the existence of a U.S. federal government forbearance approach (per the Cole Memorandum) to the enforcement of federal laws…

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Moscow Exchange MOEX
January 15, 2018 BY Valentina Kirilova

Moscow Exchange launches new GCC repo indicator

From 15 January 2018, Moscow Exchange (MOEX) announced that it will calculate and publish a new gauge of Money Market performance, the MOEXREPO GCC indicator, based on CCP-cleared repo transactions in general collateral certificates (GCC). The indicator measures the value of secured money as free of counterparty risk and characteristics of certain securities. It will…

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FCA warning
January 15, 2018 BY Valentina Kirilova

FCA warns against EasyPro Loans 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 EasyPro Loans. EasyPro Loans 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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