The Warsaw Stock Exchange announced that extends the fee reduction for Market Makers of WIG20 futures until 30 September 2017. Under the promotion the exchange has reduced fees between 27% and 41% with respect to volume threshold reached by eligible entity. Volume thresholds are as follows: from 15 000 up to 35 000 contracts –…
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The Stock Exchange of Thailand (SET) announced the target implementation date for the two-day settlement cycle (T+2) on March 2, 2018. SET President Kesara Manchusree commented: The target date to move toward T+2 settlement cycle, from the current T+3, has been extensively consulted with all stakeholders namely The Securities and Exchange Commission (SEC), Bank of…
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The Securities and Futures Commission (SFC) today obtained an interim order from the Court of First Instance to freeze approximately $2.66 million in the bank accounts of Mr Heriberto C. Perez Valdes in connection with a suspected Pyramid and Ponzi scheme. The SFC alleges that Valdes was involved in the scheme operated by DFRF Enterprises…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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