The UK Financial Conduct Authority (FCA) has put out details of the cloned firm ABSA Wealth Management. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…
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SLS, a long-standing partnership of SIX Swiss Exchange with Liquidnet, just announced that will give JP Morgan (NYSE:JPM) access to genuine block liquidity with unrivaled average execution size, providing maximum price improvement and minimal market impact. SLS unites participants with over 830 buy-side institutions actively trading more than 3'100 large-, mid- and small-cap stocks across…
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Toronto Stock Exchange (TSX) announced Canada Goose, a maker of Arctic luxury apparel, began trading on TSX this morning under the symbol TSX:GOOS. Canada Goose is the largest retail IPO year-to-date 2017 on TSX. TSX is extremely proud to welcome Canada Goose to the market. Made in Canada and an iconic global brand, TSX is…
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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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The Moscow Exchange (MOEX) released its February market report with ADV down 2% MoM. The trading volume of stocks totalled RUB 662 bn in February. The average daily trading volume was RUB 34.9 bln, down 2% MoM. The T+2 sector made up 99.7% of the total secondary market trading volume and the T0 sector accounted for 0.3%.…
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ASIC has today released the findings of its review of how Australia's largest financial advice firms have dealt with past poor advice and non-compliant advisers, including how these firms have dealt with affected customers. The review—which forms part of ASIC’s broader Wealth Management Project—was focussed on the conduct of the financial advice arms of AMP,…
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Enormous amounts of data are inserted into and have to be processed by the European Central Bank’s securities settlement platform TARGET2-Securities (T2S) day by day. This however does not mean that T2S has already achieved its ultimate goal, Clearstream reported. The technical integration of the European settlement systems can only be a first step,” says…
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The European Energy Exchange (EEX) successfully extended its product offering on the power derivatives market by launching Swiss Power Base Day and Weekend Futures on Wednesday. On the first day of trading a total of 5,400 MWh was traded in Swiss Base Day Futures. The first transaction in the Day Futures contract with a volume…
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The Securities and Futures Commission (SFC) has reprimanded DBS Vickers (Hong Kong) Limited (DBSVHK) and fined it $2 million for regulatory breaches and internal control failings relating to under-segregation of client money. The disciplinary action follows an SFC investigation into three self-reports by DBSVHK about possible non-compliance with the Securities and Futures (Client Money) Rules…
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The following guest post is courtesy of Ivy Schmerken, Editorial Director at FlexTrade. North American broker-dealers and asset managers domiciled in the U.S. are watching their European counterparts gear up for compliance with MiFID II. But will MiFID II affect U.S. broker-dealers and asset managers based in the U.S.? Could the massive regulation that requires…
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