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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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…
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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"…
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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…
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Deutsche Börse announced that will be launching the Sustainable Finance Initiative in Frankfurt. The aim is to establish new interdisciplinary structures for sustainable entrepreneurship along with some 100 of the financial centre's key participants in order to explore new business areas. Banks, financial institutions, rating and ranking agencies, investors, insurance companies, data providers and representatives…
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OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX) that provides clearing and settlement services for over-the-counter (OTC) derivative transactions, has launched a client clearing service following approval by the Securities and Futures Commission (SFC). Client clearing has been rolled out ahead of the effective date of…
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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 Monetary Authority of Singapore (MAS) has directed Singapore Exchange (SGX) to implement measures to enhance its recovery processes and operational resilience, following supervisory investigation into the trading disruption to the securities market on 14 July 2016. These measures include recommendations by the Industry Working Group (IWG), comprising SGX and industry stakeholders. SGX will contribute…
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