The Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) recognise the need for effective cybersecurity management as cyber risk poses an increasingly significant threat to the integrity, efficiency and soundness of financial markets worldwide. Over the past few years, the SFC and the HKMA have provided a range of…
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Online gaming and financial trading systems provider Playtech PLC (LON:PTEC) has announced the acquisition of BetBuddy, which provides gambling analytics solutions. Terms of the acquisition were not disclosed. Playtech stated that its strategy is to acquire complementary technology which extends its software and services offering to the gambling industry’s leading operators. The integration of BetBuddy’s behavioural identification…
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The Commodity Futures Trading Commission (CFTC) has issued an Order that will keep the swap dealer de minimis threshold at $8 billion until December 2019. The one-year extension provides the CFTC additional time to complete the current data analysis and for the CFTC to consider appropriate further action. The Order establishes a new swap dealer…
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On 18 October 2017, the Australian Securities and Investments Commission (ASIC) and the Swiss Financial Markets Authority (FINMA) entered a new agreement to cooperate on innovation in the financial sector. The agreement aims to encourage innovation in financial services in Switzerland and Australia, and to support financial services innovators in meeting legal requirements when operating…
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Cboe Global Markets, Inc. (NASDAQ: CBOE) has welcomed a new iShares fund to the Cboe ETF Marketplace. The iShares Broad USD High Yield Corporate Bond ETF (Cboe: USHY) seeks to track more high yield investable opportunities than any other U.S.-listed high yield ETF available. The Underlying Index, the Bank of America Merrill Lynch US High…
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The FinTech Association of Hong Kong (FTAHK) announced that it has signed three separate Memoranda of Understanding with the Singapore FinTech Association, the Swiss Finance + Technology Association and the Taiwan FinTech Industry Development Association. These were completed during the HongKong FinTech week that is currently underway. All three associations have the goal of collaborating…
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The Financial Conduct Authority (FCA) has today set out a package of measures designed to ensure that the UK’s primary capital markets remain effective. In 2015 the FCA committed to reviewing the effectiveness of the UK’s primary capital markets, and the regulatory framework governing them to ensure they continue effectively to serve issuers and investors.…
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Full European Vanguard product range tradable on Xetra for the first time Exchange traded funds (ETFs) issued by Vanguard have been tradable for the first time on Xetra and Börse Frankfurt since Thursday. The 23 new ETFs provide investors with access to an extensive product range of equity, fixed income and strategy ETFs. We are…
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Hong Kong Exchanges and Clearing Limited (HKEX) announced that it will introduce its cash-settled TSI Iron Ore Fines 62 per cent Fe CFR China Futures (Iron Ore Futures), its first ferrous metal product, on Monday, 13 November 2017. As a leading international financial and trade centre, Hong Kong provides one-stop solutions to enterprises for trading,…
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The ARPP (French advertising self-regulatory organization) has issued a recommendation in order to inform the advertising industry regarding the regulation of intermediation in miscellaneous assets. With a view to better protection for savers, the Sapin II law has introduced a change in the system: no offer on atypical investments car be directly marketed in France…
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