Category: Financial Services

October 02, 2017 BY Valentina Kirilova

SIX Securities Services goes live to report derivatives transactions in Switzerland

Six months after receiving approval from FINMA, the Swiss trade repository service provided by SIX Securities Services officially went live. The vast majority of the large financial counterparties in Switzerland (classified as FC+), starting their reporting obligations in the first phase today, decided in favor of the SIX Securities Services solution and are set up…

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SFC fines
October 02, 2017 BY LeapRate Staff

Logista Advisors LLC to pay $250,000 fine for Spoofing on a foreign futures exchange

The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against Logista Advisors LLC, a crude-oil-trading firm based in Houston, Texas. The Order finds that, from approximately September 2013 through October 2014, Logista failed to diligently supervise the handling by its employees and officers of commodity interest accounts and other…

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October 02, 2017 BY Valentina Kirilova

Bats welcomes new PowerShares Fund to the Bats ETF Marketplace

Bats, a CBOE Holdings, Inc. (NASDAQ:CBOE) company announced that has welcomed a new PowerShares PureBeta fund to the Bats ETF Marketplace. The launch brings the total number of PowerShares funds listed on the Bats ETF Marketplace to 16. The PowerShares PureBeta US Aggregate Bond Portfolio fund (Bats: PBND) seeks to track the investment results of…

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dgcx
October 02, 2017 BY Valentina Kirilova

DGCX records its highest-ever daily volume

The Dubai Gold and Commodities Exchange (DGCX), the region’s largest and most diversified derivatives bourse, announced that has recorded its highest ever daily volume on September 27, trading 202,571 contracts with a notional value of USD 4 billion. Amidst spikes in market volatility following months of relative calm, monthly volumes also reached their highest ever…

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asic bans
September 29, 2017 BY Valentina Kirilova

ASIC bans former financial adviser for forgery

The Australian Securities and Investment Commission (ASIC) announced that has permanently banned financial adviser Koresh Daniel Houghton from providing financial services because he had engaged in misleading, deceptive and dishonest conduct and failed to act in his clients' best interests when providing advice. ASIC's surveillance of Mr Houghton found that he: had created false documents…

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clone firm FCA warning
September 29, 2017 BY Valentina Kirilova

FCA warns against AMAC Mortgages & Loan Ltd clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm AMAC Mortgages & Loan Ltd. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of…

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September 29, 2017 BY Valentina Kirilova

ULLINK targets Mexico with support for new BIVA Exchange

ULLINK, a global provider of electronic trading and connectivity solutions to the financial community, announced today that it has completed development and successful order routing tests for a new market access gateway to the Bolsa Institucional de Valores (BIVA) in Mexico. The new gateway provides ULLINK customers with electronic access to trade all the securities…

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