Category: Financial Services

December 12, 2017 BY Valentina Kirilova

ASIC broadens fintech cooperation with Canadian regulators

ASIC has today announced a Cooperation Agreement with Canadian regulators on fintech cooperation. This agreement expands the existing framework for information sharing and also allows the referral of innovative fintech businesses to and from Canada. This Cooperation Agreement is signed with participating Canadian provincial securities regulators: Autorité des marchés financiers (Québec), the British Columbia Securities…

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clone firm FCA warning
December 12, 2017 BY Valentina Kirilova

FCA warns against Goldbrigde Fund Management clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Goldbrigde Fund Management. 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 their tactics…

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December 12, 2017 BY Valentina Kirilova

CESC announces launch of CES SCHK50 Index

China Exchanges Services Company Limited (CESC) today announced its CES Stock Connect Hong Kong Premier 50 Index (CES SCHK50), an index designed to capture the performance of the 50 largest stocks by market capitalisation listed in Hong Kong and eligible for Stock Connect will be launched on Thursday, 4 January 2018. The constituents cover both…

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FCA
December 12, 2017 BY Valentina Kirilova

FCA makes it easier for people to compare bank accounts

The Financial Conduct Authority (FCA) has today published final rules which will require providers of personal current accounts and business current accounts to publish information that will help customers to compare the service they could receive from different providers. The new information will help customers, comparison websites and the media to make meaningful comparisons of…

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Tradeweb brings RFQ trading to the options industry
December 12, 2017 BY Valentina Kirilova

Tradeweb gets FCA green light to operate an OTF

Trading platform Tradeweb announced that it has received authorisation from the UK’s Financial Conduct Authority (FCA) to operate an Organised Trading Facility (OTF), effective from 3rd January 2018. On that basis, Tradeweb can offer its clients greater flexibility to choose the type of venue and execution method that suits their needs. It will support the…

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Moscow Exchange MOEX
December 12, 2017 BY Valentina Kirilova

MOEX introduces Value Added Analytical Product

Moscow Exchange (MOEX) just announced the start of a trial offering of a new analytical product, Value Added Analytical Product. The new product is intended for domestic and international institutional investors, and can be used as an additional tool for analysis of financial instruments traded on MOEX. The new product consists of analytical reports based…

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Regulation
December 12, 2017 BY Valentina Kirilova

ASIC’s regulatory sandbox proposal to remain unchanged

ASIC has today released a review of its regulatory sandbox, introduced in December 2016. In the review ASIC proposes to retain class waivers known as the fintech licensing exemption, that allow eligible financial technology (fintech) businesses to test certain specified services without holding an Australian financial services or credit licence. ASIC had committed to reviewing…

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insider trading
December 11, 2017 BY LeapRate Staff

Day trader Joseph Spera charged with Insider Trading

The U.S. Securities and Exchange Commission has charged a former day trader with making more than $1 million in illegal insider trading profits as part of a ring that allegedly stole confidential information from investment banks and clients so they could trade in advance of secondary stock offerings. The SEC alleges that Joseph Spera schemed…

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