The Commodity Futures Trading Commission (CFTC) has recently approved NFA's amendments to NFA Compliance Rules 2-36 and 2-43. The amendments apply to forex dealer members (FDM) and will be effective on April 5, 2018. Required disclosures to be made on a per-trade basis The amendments to NFA Compliance Rule 2-36 provide retail forex customers with…
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Tadawul, the Saudi Stock Exchange, today announced a series of significant measures to improve market access and efficiency, enhance liquidity, bolster investor security, mitigate risk and further align market practices with global best practices. Newly announced measures include: Updating the Independent Custody Model (ICM) to enhance Qualified Foreign Investor access to the market by providing…
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There were 705 new listings on The International Stock Exchange (TISE) during 2017. This represents an increase of 203 (40%) on the previous year and took the total number of listed securities on the Exchange to 2,511 at the end of December. Growth areas for new listings last year included debt products, such as high…
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Information giant Thomson Reuters (NYSE:TRI) announced that it has successfully gone live with its key MiFID II services, helping the financial services industry meet the new regulatory requirements. The new services are part of Thomson Reuters commitment to providing a comprehensive suite of solutions to assist the financial services industry with ensuring ongoing compliance with MiFID…
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Moscow Exchange (MOEX) has just released its market report for the month of December. Total trading volume across Moscow Exchange`s markets in December was RUB 71.5 trln - number goes up from November's RUB 70.4 trln. The number of trading days in December 2017 was 21 (versus 22 trading days in December 2016). In 2017,…
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The Securities and Futures Commission (SFC) announced that it has reprimanded and fined EFG Bank AG (EFG Bank) $2 million for dealing in futures contracts without the required registration. The SFC found that between 1 April 2003 and 22 November 2016, EFG Bank executed 139 transactions in offshore listed index options for 11 clients without…
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The Board of the Cyprus Securities and Exchange Commission (CySEC) has just informed that, at its meeting held on 13 November 2017, decided to impose an administrative fine of €10.000 to Mr. Pavel Krymov. Mr. Krymov is a shareholder of Skopelino Finance Ltd at the time (now Concorde Investments Ltd). His fine is due to…
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The Australian Securities and Investments Commission (ASIC) informed that it has licensed the first crowd-sourced funding (CSF) intermediaries under the new CSF regime. Seven companies have been issued with Australian Financial Services (AFS) license authorisations to act as intermediaries able to provide a crowd-sourced funding service. With the grant of these new authorisations eligible public…
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First ETF with access to Bulgarian stock market launched on Xetra More news from the Bulgarian market today, as the first exchange traded fund (ETF) issued by Expat Asset Management has been tradable on Xetra and Börse Frankfurt since Wednesday. The Expat Bulgaria SOFIX UCITS ETF tracks the performance of the Bulgarian SOFIX Index, giving investors…
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Nasdaq Dubai informed that it will launch single stock futures on GFH Financial Group (GFH) starting 16th January 2018, to enable investors to take positions on movements in the share price of the Bahrain-based company. GFH is the first non-UAE company on which the exchange is offering futures. GFH has a secondary listing on Dubai…
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