CFTC refuses registrations of Zero Chaos Advisors LLC and Ronald Edward Fisher LeapRate

March 22, 2017 BY Valentina Kirilova

CFTC refuses registrations of Zero Chaos Advisors LLC and Ronald Edward Fisher

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Opinion and Order refusing registration with the CFTC for Zero Chaos Advisors, LLC and Ronald Edward Fisher. Additionally, Zero Chaos and Fisher agree never to apply for CFTC registration or claim exemption from registration; and never to engage in any activity requiring registration with the…

March 22, 2017 BY Valentina Kirilova

TFX adds Packs and Bundles functions as trading strategies of Three-month Euroyen futures

The Tokyo Financial Exchange (TFX) announced that will add Packs and Bundles functions as trading strategies of Three-month Euroyen futures. While TFX currently offers a fee discount program for synthetic Packs and Bundles transactions executed via block trade facility (off-exchange), it will introduce another fee discount program Packs and Bundles executed on-exchange. Packs Strategy purchase…

March 22, 2017 BY Valentina Kirilova

Japan SESC to fine Prospect Asset Management, Inc. for insider trading

The Securities and Exchange Surveillance Commission (SESC), today, made a recommendation to the Prime Minister and the Commissioner of the Financial Services Agency that an administrative monetary penalty payment order be issued in regard to insider trading of the shares of Tri-Stage inc. by Prospect Asset Management, Inc. (PAMI) pursuant to Article 20(1) of the…

March 22, 2017 BY Valentina Kirilova

ASIC cancels AFSL of Aquaint Capital Limited

ASIC has cancelled the Australian financial services (AFS) licence of Aquaint Capital Limited (in liquidation) ACN 110 353 065. Aquaint is the responsible entity for Aquaint Income Fund ARSN 114 372 619 (the Scheme). It was placed into liquidation on 1 September 2016 following a creditors' resolution that Aquaint be wound up on the basis…

March 21, 2017 BY Valentina Kirilova

Bats welcomes Saba Capital Management as a new issuer to the Bats ETF Marketplace

Bats, a CBOE Holdings, Inc. (NASDAQ: CBOE) company, today welcomed Saba Capital Management, L.P., as a new issuer to the Bats ETF Marketplace. The Saba Closed-End Funds ETF (Bats: CEFS), and Saba’s first ever ETF, is an actively managed ETF that seeks to generate high income by investing in closed-end funds trading at a discount…

March 21, 2017 BY Valentina Kirilova

Hellenic Bank Ltd renounces CySEC license

The Cyprus Securities and Exchange Commission (CySEC) announced that, on 15th March 2017, the Cyprus Investment Firm Hellenic Bank (Investments) Ltd renounced its authorization pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007. As stated in the renouncement letter of the Company, which provided investment services via the…

March 21, 2017 BY Valentina Kirilova

ESMA sees relatively ample liquidity in sovereign bond markets

The European Securities and Markets Authority (ESMA) latest research piece on market liquidity published in its recent report on trends, risks and vulnerabilities (TRV) finds improved liquidity in European sovereign bonds markets. Episodes of short-term volatility and liquidity stress across several markets over the past few years have increased concerns about the worsening of secondary…

March 21, 2017 BY Valentina Kirilova

SFC concludes consultation on position limit regime

The Securities and Futures Commission (SFC) today published conclusions to a consultation to expand the scope of the position limit regime. After considering market feedback, the SFC has concluded that the proposals as set out in the consultation will be implemented. These include a 300% cap on the excess position limit that may be authorized…

March 21, 2017 BY Valentina Kirilova

FCA warns against fake emails

The UK Financial Conduct Authority (FCA) announced that is aware that an email has been sent which appears to be from [email protected]. The FCA warned that this email was not sent by the regulator and recipients should delete it without opening. An email which appeared to be sent from [email protected] and an email entitled "FCA Regulation 2017"…

March 21, 2017 BY Valentina Kirilova

FCA appoints Nick Stace as a Non-Executive Director

The Financial Conduct Authority (FCA) today confirmed the appointment of Nick Stace as a Non-Executive Director to its board. The appointment, made by HM Treasury, is for an initial three year term starting 1 April 2017. Welcoming the appointment, FCA Chairman John Griffith-Jones said: One of the FCA’s key strategic objectives is to ensure we…

Category: Financial Services