Category: Financial Services

September 25, 2017 BY Valentina Kirilova

SIX Swiss Exchange joins xyt hub for tick data distribution and analytics

big xyt, the independent provider of high-volume, smart data and analytics capabilities, announced today that SIX Swiss Exchange has joined the xyt hub to provide high quality tick data to its trading participants, enabling them to develop, evaluate and backtest new trading and execution strategies while providing greater transparency over trading activity. Connected to more…

Read more
SFC fines
September 25, 2017 BY LeapRate Staff

Merrill Lynch gets $2.5 million CFTC fine for failures related to a CME Group investigation

The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against Merrill, Lynch, Pierce, Fenner & Smith Incorporated (Merrill Lynch), a registered Futures Commission Merchant and a unit of Bank of America Corp (NYSE:BAC), for failing to supervise its employees’ and agents’ handling of the firm’s response to a CME Group…

Read more
September 22, 2017 BY Valentina Kirilova

FCA and Hong Kong Insurance Authority sign Fintech co-operation agreement

The Financial Conduct Authority (FCA) announces today that it has entered into a co-operation agreement with the Hong Kong Insurance Authority (IA) to enhance collaboration in supporting Fintech innovation. Under the agreement, the FCA and the IA will cooperate on information sharing on innovation and referrals of innovative firms seeking to enter the counterpart's market.…

Read more
Hong Kong SFC
September 22, 2017 BY Valentina Kirilova

Hong Kong SFC secures conviction against ETrade Securities Limited

The Eastern Magistrates’ Court today announced that has convicted ETRADE Securities (Hong Kong) Limited (ETrade HK) for actively marketing to the Hong Kong public US brokerage services provided by E*TRADE Securities LLC (ETrade US) which was not a licensee of the Securities and Futures Commission (SFC). This is the first criminal conviction secured by the…

Read more
New BIS report cites “internalization” by large banks for 7% volume drop
September 22, 2017 BY Valentina Kirilova

OSC publishes Corporate Finance Branch 2016-2017 Annual Report

The Ontario Securities Commission (OSC) has published OSC Staff Notice 51-728 Corporate Finance Branch 2016-2017 Annual Report. The publication provides guidance to the individuals and entities the OSC oversees, and their advisors, to help them comply with regulatory obligations. This year’s report focuses on issues and trends related to Management's Discussion and Analysis (MD&A), non-GAAP…

Read more
September 22, 2017 BY Valentina Kirilova

Nasdaq Stockholm fines the Marketing Group PLC SEK 595,546

The Disciplinary Committee of Nasdaq Stockholm has found that The Marketing Group PLC has breached the regulations of Nasdaq First North (“the Rule Book”) in several respects and, accordingly, has imposed a fine on The Marketing Group amounting to two annual fees, corresponding to an amount of SEK 595,546. The Disciplinary Committee finds that The…

Read more