The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Simon Posen of New York, New York for engaging in thousands of incidents of “spoofing” in gold, silver, and copper futures contracts traded on the Commodity Exchange, Inc., and crude oil futures contracts traded on the New York Mercantile Exchange over a…
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ULTUMUS, the provider of near real-time ETF data and Horizon Software, the provider of electronic trading solutions and algorithmic technology, have today announced a partnership. The new deal will improve ETF trading efficiencies and result in traders having a single point for analysing and executing ETF trades, allowing market makers and traders to quote and…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm MPG Partners. MPG Partners is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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Bursa Malaysia Berhad has posted a year-on-year 16.9% increase in its Profit After Tax and Minority Interest (PATAMI) to RM116.2 million for the first half ended 30 June 2017 (1H2017). The rise in PATAMI is due to higher operating revenue, which came in at RM269.4 million, an 8.5% increase from a year ago. This is…
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The Hong Kong Securities and Futures Commission (SFC) announced that has suspended Ms Chan Wai Ling for 12 months from 26 July 2017 to 25 July 2018 (Chan is licensed as a representative under the Securities and Futures Ordinance to carry on Type 1 (dealing in securities) regulated activity and was accredited to Kingsway Financial…
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In October 2015, HM Treasury announced its intention to extend the Senior Managers and Certification Regime (SM&CR) to all sectors of the financial services industry. The Financial Conduct Authority (FCA) has today published proposals to extend the SM&CR to almost all regulated firms. The new regime will essentially replace the Approved Persons Regime. The aim…
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The Eastern Magistrates’ Court today adjourned the criminal proceedings brought by the Hong Kong Securities and Futures Commission (SFC) against Mr Lam Yik Tung, Mr Chan Lit Chun and Mr Anson Mui Ka Leung to 12 September 2017 for a pre-trial review after they pleaded not guilty to charges of insider dealing in the shares…
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The National Commission for Companies and the Stock Exchange (Commissione Nazionale per le Società e la Borsa – CONSOB) announced that has: imposed a cautionary suspension, for a period of 90 days, pursuant to article 101, paragraph 4, letter b), of the Consolidated Law on Finance (TUF), on the advertising activity carried out through the…
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The U.S. Commodity Futures Trading Commission’s (CFTC) Divisions of Swap Dealer and Intermediary Oversight (DSIO), Clearing and Risk, and Market Oversight (Divisions) has issued a time-limited no-action letter that extends relief to swap dealers (SDs) registered with the CFTC that are established under the laws of jurisdictions other than the United States (Non-U.S. SDs) from…
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The Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) and ASIC announced that have today signed a Cooperation Agreement which provides a framework for cooperation to support and understand financial innovation in each jurisdiction. This Agreement expands ASIC's fintech cooperation network to a dynamic region with enormous potential. The Middle East and North…
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