Category: Financial Services

May 04, 2017 BY Valentina Kirilova

The European Energy Exchange acquires US Nodal Exchange

The European Energy Exchange (EEX), part of Deutsche Börse Group, and the owners of US-based Nodal Exchange Holdings, LLC announced that have successfully closed the transaction under which EEX has acquired 100% of the equity in Nodal Exchange. All remaining regulatory conditions to closing were satisfied recently, especially the US merger control process was passed…

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UN report says North Korea laundered $2 billion theft via Hong Kong firm
May 04, 2017 BY Valentina Kirilova

CFTC charges Williams Advisory Group with receiving at least $13 million in commodity pool scheme

The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of a civil enforcement action in the U.S. District Court for the District of Arizona against Cory Williams of Gilbert, Arizona, and his company, Williams Advisory Group (WAG) (collectively, Defendants), charging them with defrauding 40 investors out of at least $13 million in connection…

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sfc warning
May 04, 2017 BY Valentina Kirilova

Hong Kong SFC adds ENOI Europe Limited to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

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Moscow Exchange MOEX
May 04, 2017 BY Valentina Kirilova

Moscow Exchange FX Market turnover up 10% in April

Moscow Exchange (MOEX) just announced that in April 2017 total trading volumes across the exchange's markets amounted to RUB 70.9 trln. Turnover grew: on the Money Market up 20.2% YoY, Equity and Bond Market up 17.9% and FX Market up 9.5%. More detailed information on MOEX' total trading volumes can be seen below: Equity and…

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May 04, 2017 BY Valentina Kirilova

Bats welcomes VelocityShares to the Bats ETF Marketplace

Bats, a CBOE Holdings, Inc. (NASDAQ: CBOE) company today welcomed VelocityShares® branded ETNs to the Bats ETF Marketplace. The VelocityShares 1x Long VSTOXX Futures ETN (Bats: EVIX) links Long Securities to the VSTOXX Short-Term Futures Investable Index (the "Long Investable Index"). The Long Investable Index replicates the performance of a long position in [constant-maturity one-month…

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asic bans
May 04, 2017 BY Valentina Kirilova

ASIC disqualifies and bans the former MD of Provident Capital Ltd

On 2 May 2017 the Administrative Appeals Tribunal (AAT) upheld ASIC's decision that Mr Michael Roger O’Sullivan of Sydney be disqualified from managing corporations for five years and from providing financial services for seven years. The AAT qualified the five-year disqualification decision by permitting Mr O'Sullivan to remain as a director of three private companies,…

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May 03, 2017 BY Valentina Kirilova

Intercontinental Exchange reports Q1 2017 GAAP diluted EPS of $0.84 on revenues of $1.2 billion

Intercontinental Exchange (NYSE: ICE), the global network of exchanges and clearing houses and provider of global data and listing services, today reported financial results for the first quarter of 2017. For the quarter ended March 31, 2017: consolidated net income attributable to ICE was $502 million on $1.2 billion of consolidated revenues less transaction-based expenses.…

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