Category: Financial Services

A look at the ASX 200 as it heads into its third decade of trading
December 07, 2017 BY Valentina Kirilova

ASX selects Distributed Ledger Technology to replace CHESS

ASX today announced its intention to replace CHESS using distributed ledger technology (DLT) developed by its technology partner Digital Asset (DA). CHESS (Clearing House Electronic Subregister System) is the system used by ASX to record shareholdings and manage the clearing and settlement of equity transactions in Australia. It was world-leading when introduced in the 1990s,…

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December 07, 2017 BY Valentina Kirilova

LSE welcomes Indian Railway Finance Corporation’s First Green Bond

London Stock Exchange (LSE) announced that it welcomes Indian Railway Finance Corporation’s (IRFC) first green bond. The ten year dated green bond raised $500 million with an annual yield of 3.835 per cent and listed on London Stock Exchange’s new International Securities Market. The bond was more than three times oversubscribed and received strong international…

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BNP Paribas selects Earthport for cross-border payments
December 06, 2017 BY LeapRate Staff

NFA doubles its assessment fee on futures and options contracts

The National Futures Association (NFA) has announced that effective January 1, 2018, the NFA's assessment fee will increase from $0.01 per side to $0.02 per side, for futures and options contracts. The decision to increase the assessment fee was made after a thorough review of all relevant issues by NFA's Board, Executive Committee and Finance Committee.…

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SFC fines
December 06, 2017 BY LeapRate Staff

Four Points Capital Partners brokers charged with fraud making unsuitable trades for customers

The U.S. Securities and Exchange Commission has continued its crackdown on brokers who defraud customers, charging two New York-based brokers with making unsuitable trades that were costly for customers and lucrative for the brokers. The SEC’s complaint, filed in federal court in Manhattan, alleges that brokers Zachary S. Berkey of Centerreach, New York, and Daniel T. Fischer of…

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ASIC office
December 06, 2017 BY Valentina Kirilova

ASIC reports on decisions to cut red tape

ASIC has released its latest report outlining decisions on relief applications, highlighting ASIC’s efforts to reduce red-tape and achieve a practical, positive outcome for companies seeking some regulatory flexibility. These reports aim to provide transparency about our decision making and to better inform businesses about the circumstances in which we grant relief. Report 556 Overview…

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asic bans
December 06, 2017 BY Valentina Kirilova

ASIC permanently bans directors of Found Financial for dishonest and deceptive conduct

The Australian Securities and Investments Commission (ASIC) announced that it has permanently banned Matthew Manson Wallis and Rochelle Roanna Manoharan from providing financial services. Mr Wallis and Ms Manoharan are directors of Found Financial Services Pty Ltd (Found Financial), which is a former Corporate Authorised Representative of RI Advice Group Pty Ltd (RI Advice). ASIC…

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December 06, 2017 BY Valentina Kirilova

EEX total volume in November down 35% YoY

In November 2017, the European Energy Exchange (EEX) achieved a total volume of 276.6 TWh on its power derivatives markets (November 2016: 423.2 TWh). The November volume comprised 163.8 TWh traded at EEX via Trade Registration with subsequent clearing. Clearing and settlement of all exchange transactions was executed by European Commodity Clearing (ECC). For the…

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December 06, 2017 BY Valentina Kirilova

TMX Group shows good results in November volumes report

TMX Group Limited (TSX:X) has released November 2017 trading statistics for its marketplaces – Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange (Alpha), Montréal Exchange (MX) and NGX. Toronto Stock Exchange's results jumped with 25% MoM, but were slightly lower than the same period last year. TSX Venture Exchange results rose to 6,258,523,551. Alpha…

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BCSC warning
December 06, 2017 BY Valentina Kirilova

Canadian regulator BCSC warns against Asia & Pacific Holdings Inc.

Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List the company Asia & Pacific Holdings Inc. Asia & Pacific Holdings Inc. (the Company) claimed to be an investment firm with offices in Hong Kong, Japan and Vancouver, British Columbia (BC). Asia & Pacific Holdings Inc. Website: www.asiapacificholdingsinc.com Address:…

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