At least 5% of SGX Mainboard IPOs to be set aside for retail investors LeapRate

March 08, 2017 BY Valentina Kirilova

At least 5% of SGX Mainboard IPOs to be set aside for retail investors

Singapore Exchange (SGX) announced that will mandate all Mainboard IPO companies to allocate to retail investors, at least 5%, or S$50 million, whichever is lower, of their offer size. The introduction of the minimum IPO allocation is aimed at facilitating greater retail participation in Singapore’s equities market. The new rules on the minimum allocation are…

March 08, 2017 BY Valentina Kirilova

FCA warns against Loans 2 Go clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Loans 2 Go. 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…

March 08, 2017 BY Valentina Kirilova

French AMF announces new composition of the Financial Skills Certification Board

The Autorité des marchés Financiers (AMF) just announced the new composition of the Financial Skills Certification Board. The mechanism for verifying the level of knowledge of employees of investment services providers relies on the services of the AMF and the Financial Skills Certification Board. The Certification Board is now under the chairmanship of Bernard Coupez.…

March 08, 2017 BY Valentina Kirilova

Scila for real time market surveillance goes live at Börse Düsseldorf

Börse Düsseldorf, the German exchange, has gone live with Scila Surveillance for real time market surveillance covering equities, funds and equity linked products (ETFs, ETNs). Scila Surveillance is a powerful and highly flexible solution developed and delivered by the independent trade surveillance technology solution provider Scila in Stockholm. Börse Düsseldorf will use our market surveillance…

March 08, 2017 BY Valentina Kirilova

Luxembourg regulator CSSF warns against online financial advisory Direkt Finanz

The Commission de Surveillance du Secteur Financier (CSSF) warned the public of the activities of an entity named Direkt Finanz AG. Direkt Finanz AG is operating at website: www.direktfinanz.net, claims to be established at 26, boulevard Royal, L-2449 Luxembourg and offers loans to the public. The CSSF informed the public that the entity named Direkt…

March 08, 2017 BY Valentina Kirilova

SGX consults on proposed equities market structure adjustments

Singapore Exchange (SGX) is consulting the public on proposed adjustments to the equities market structure aimed at addressing market conditions, while balancing the diverse objectives and interests of different segments of participants in the market ecosystem. The three proposed adjustments are: Increasing the minimum bid size for stocks and relevant securities trading in the S$1.00…

March 07, 2017 BY Valentina Kirilova

OSC announces new Commissioner appointments

Ontario Securities Commission (OSC) Chair and CEO Maureen Jensen announced today the following appointments to the OSC. The Commissioners will each serve a two-year term effective February 2, 2017. Robert P. Hutchison spent more than 40 years with Borden Ladner Gervais LLP, where he practiced business law, focusing on financial services. In addition to advising…

March 07, 2017 BY admin

LSE’s TRADEcho service approved as a Trade Data Monitor for SIX Swiss Exchange

SIX Swiss Exchange announced today approval of the London Stock Exchange’s TRADEcho service as a Trade Data Monitor (TDM) for the SIX Swiss Exchange. This agreement enables foreign participants (Remote Members) of the SIX Swiss Exchange to meet their reporting obligations for trades in Swiss securities admitted for trading on a Swiss regulated market via the…

March 07, 2017 BY Valentina Kirilova

TMX Group releases February trading statistics, a new record for Montréal Exchange

TMX Group Limited (TSX:X) today announced February 2017 trading statistics for its marketplaces – Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange (Alpha), Montréal Exchange (MX) and NGX. MX achieved a new open interest record for Options on Three-Month Canadian Bankers' Acceptance Futures (OBX) of 315,410 contracts on February 17, 2017. To see the…

IOSCO issues statement on liquidity risk management recommendations for investment funds

March 07, 2017 BY Valentina Kirilova

IOSCO finds little evidence of declining secondary corporate bond market liquidity

A report published today by the Board of the International Organization of Securities Commissions (IOSCO) has found no substantial evidence showing that liquidity in the secondary corporate bond markets between 2004 and 2015 has deteriorated markedly from historic norms for non-crisis periods. The report, titled Examination of Liquidity of the Secondary Corporate Bond Markets, presents…

Category: Financial Services