Category: Financial Services

TFX volumes
March 01, 2017 BY Valentina Kirilova

TFX Click 365 Japan FX volumes down 24% in February

Continuing the decline we have already seen in February forex volumes from leading institutional eFX venues Hotspot FX, FastMatch and GTX, the Tokyo Financial Exchange (TFX) just announced that the total trading volume of FX Daily Futures contracts (Click 365) in February was 2,402,878 ( - 24.2% MoM / - 46.2% YoY) and its average…

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March 01, 2017 BY Valentina Kirilova

SFC to standardise rules for prescribing professional investors

The Securities and Futures Commission (SFC) today launched a consultation on proposed amendments to the Securities and Futures (Professional Investor) Rules (PI Rules) to allow joint accounts with non-associates and assets held in investment vehicles owned by individuals to be counted in ascertaining whether individuals meet the monetary threshold to qualify as professional investors. In…

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Deutsche Börse
March 01, 2017 BY Valentina Kirilova

Deutsche Börse launches new SME segment “Scale”

Deutsche Börse successfully launched its new segment for small and medium-sized enterprises (SMEs) named Scale. As of the start of trading 46 equities and corporate bonds had listed on Scale and further issuers are expected in the next few days, based on applications already received. To mark the launch of the new segment, Christine Bortenlänger…

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March 01, 2017 BY Valentina Kirilova

FCA warns against Loan2Pocket clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Loan2Pocket. 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 to scam…

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March 01, 2017 BY Valentina Kirilova

Pacific Star Network writes down intangible assets

ASIC noted the decision by ASX-listed Pacific Star Network Limited (PNW), announced on 28 February, to record an impairment charge of $4.5 million on publishing mastheads and goodwill arising from the acquisition of Morrison Media. ASIC had previously made enquiries of PNW regarding the carrying value of non-current assets in its 30 June 2016 financial…

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February 28, 2017 BY Valentina Kirilova

FCA warns against Blackfriars Asset Management clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Blackfriars Asset 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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SGX announces trading volumes
February 28, 2017 BY Valentina Kirilova

SGX welcomes Hatten Land to Catalist

Singapore Exchange (SGX) today welcomed Hatten Land to Catalist under the stock code “PH0”. Hatten Land is a property developer with an established reputation in developing premium integrated residential, hotel and commercial developments in Malaysia. Hatten Land is the property development arm of Hatten Group, a leading brand in Malaysia with core businesses across property…

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February 28, 2017 BY Valentina Kirilova

EPEX SPOT and ECC chosen to foster Irish Market Integration

The European Power Exchange EPEX SPOT and European Commodity Clearing (ECC) have been chosen by the Irish transmission system operators EirGrid and SONI as service providers for the Integrated Single Electricity Market in Ireland (I-SEM). Together, they will support EirGrid and SONI to set up the new local power exchange SEMOpx which will operate the…

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SFC fines
February 28, 2017 BY Valentina Kirilova

MMT sanctions Yorkey Optical, its CEO and Financial Controller for late disclosure of inside information

The Market Misconduct Tribunal (MMT) has found that Yorkey Optical International (Cayman) Limited, its CEO Mr Nagai Michio and Financial Controller Mr Ng Chi Ching failed to disclose inside information as soon as reasonably practicable under the corporate disclosure regime following proceedings brought by the Securities and Futures Commission (SFC). The MMT found that there…

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