Category: Financial Services

asic afs license
January 04, 2018 BY Valentina Kirilova

ASIC cancels AFS license of Smart Trader International

ASIC announced that it has cancelled the Australian financial services (AFS) license of NSW-based company Smart Trader International Pty Ltd (AFS 475277) for failing to lodging its financial statements and auditor's reports for a period of three years. ASIC Chair Peter Kell said: Licensees are required to lodge financial statements and auditor's reports with ASIC…

Read more
January 04, 2018 BY Valentina Kirilova

First participant in 2018 to start trading on SIX Swiss Exchange

SIX Swiss Exchange announced that it has welcomed Gair Loch Enterprises Ltd as its first new trading participant in 2018. SIX Swiss Exchange offers excellent trading conditions as well as premium products and services. We are happy that Gair Loch Enterprises has joined our exchange and wish them successful trading," commented Gregor Braun, Head Member…

Read more
January 04, 2018 BY Valentina Kirilova

Cryptocurrency eSports betting platform provider BitPlay gets warning from Canadian regulator BCSC

Canadian securities regulator the British Columbia Securities Commission (BCSC) informed that it has added to its Investment Caution List unregulated eSports company BitPlay Ltd. BitPlay Ltd. claims to be an online eSports betting platform provider, located in London, England. BCSC has recently become aware of BitPlay and its advertisement targeting British Columbia (BC) residents, offering…

Read more
eurex
January 03, 2018 BY Valentina Kirilova

Eurex Exchange outlines 2018 road map

In 2018, Europe’s largest derivatives exchange Eurex, part of Deutsche Börse Group, announced that it will continue to focus on helping its clients to navigate the regulatory changes ahead. The introduction of MiFID II, rising capital requirements and Brexit pose challenges to the whole market,” said CEO Thomas Book. “In this environment, we gather our…

Read more
January 03, 2018 BY Valentina Kirilova

Boerse Stuttgart generates record turnover in Equities in 2017

Based on the order book statistics, turnover from all trading activities at Boerse Stuttgart amounted to around EUR 80.6 billion in 2017. As such the turnover across every asset class at Germany’s leading floor-trading exchange was slightly above the previous year’s level. In 2017, Boerse Stuttgart set a new record of EUR 17.8 billion for…

Read more
January 03, 2018 BY Valentina Kirilova

Europex enters into application of MiFID II / MiFIR

Europex' announcement about the entry into application of the revised Markets in Financial Instruments Directive (MiFID II) and its accompanying Regulation (MiFIR) marks a major milestone in European energy commodity trading. The great majority of gas and electricity derivative contracts as well as all EU ETS emission allowances are now classified as financial instruments –…

Read more
January 03, 2018 BY Valentina Kirilova

ADGM introduces enhanced prudential regime for investment firms and banks

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has published and ‘goes live’ with a number of enhancements to its “Prudential – Investment, Insurance Intermediation and Banking” (PRU) Rulebook. This follows a successful public consultation which completed on 7 December 2017. The new enhancements cover the prudential supervision of banks, insurance…

Read more