Category: Financial Services

SFC fines
March 08, 2018 BY Valentina Kirilova

Merrill Lynch fined $1.25 million for failures in the unregistered sales of securities

The Securities and Exchange Commission (SEC) has announced settled charges against Merrill Lynch, Pierce, Fenner & Smith Inc. company for its failure to perform required gatekeeping functions in the unregistered sales of securities on behalf of a China-based issuer and its affiliates. The SEC’s order found that Merrill Lynch sold almost three million shares of…

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TMX Group volumes report
March 08, 2018 BY Valentina Kirilova

TMX Group releases steady financing activity in February

TMX Group (TSX:X) has announced its financing activity on Toronto Stock Exchange and TSX Venture Exchange for February 2018. TSX welcomed 10 new issuers in February 2018, compared with 15 in the previous month and 12 in February 2017. The new listings included nine exchange traded funds and one clean technology company. Total financings raised…

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Deutsche Börse
March 08, 2018 BY Valentina Kirilova

Deutsche Börse announces a change in the Scale 30 index

On Wednesday, Deutsche Börse has reported a regular change to its Scale 30 index. Due to the higher 12 months order book turnover the shares of Daldrup & Söhne AG will replace the shares of Ringmetall AG. The change will become effective on 19 March 2018. The next scheduled index review for Deutsche Börse selection…

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ASIC office
March 08, 2018 BY Valentina Kirilova

ASIC takes civil action against Antares Energy Limited

ASIC informed the public that it has commenced civil penalty proceedings in the Federal Court of Australia against Antares Energy Limited ('Antares') and one of its directors, former CEO and Chairman James Cruickshank regarding Antares' announcements made in September 2015 about the proposed sale of its oil and gas interests in the Permian Basin of…

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March 07, 2018 BY Valentina Kirilova

Singapore and New Zealand Exchanges sign MoU

New Zealand’s Exchange (NZX) and Singapore Exchange (SGX) announced that they have decided to expand co-operation in Asia-Pacific markets, signing a Memorandum of Understanding (MOU). NZX Chairman James Miller commented: As part of NZX’s refreshed strategy we made a strategic decision to shift our focus away from the regional stock exchange model, instead focusing on creating…

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Nasdaq Dubai
March 07, 2018 BY Valentina Kirilova

Brokerage House Securities joins Nasdaq Dubai's derivatives market

UAE brokerage firm Brokerage House Securities (BHS) has just informed that it has joined Nasdaq Dubai’s rapidly expanding derivatives market as a Member, to enable its clients to trade futures on equity indices and single stocks. The move by BHS into UAE equity futures supports the brokerage’s continuing development and diversification. In recent months BHS…

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Cboe Global Markets
March 07, 2018 BY Valentina Kirilova

Cboe releases new white paper on analysis of options-based funds and benchmark indexes

Cboe Global Markets, Inc. (Nasdaq: CBOE) has announced the publication of a new study, “Performance Analysis of Option-Based Equity Mutual Funds, CEFs and ETFs: An Update.” The new white paper modernizes the original findings of 2014 study of SEC-registered option-based funds, which focus on broad-based U.S. equities. The new white paper, planned to be presented…

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