Category: Financial Services

SFC fines
February 14, 2018 BY Valentina Kirilova

SFC reprimands and fines Interactive Brokers Hong Kong Limited $4.5 million

The Hong Kong Securities and Futures Commission (SFC) informed that it has reprimanded and fined Interactive Brokers Hong Kong Limited (IBHK) $4.5 million after resolving concerns over IBHK’s breaches of the Code of Conduct in its execution of market orders using electronic and algorithmic trading systems. The SFC’s disciplinary action followed two market disruption incidents…

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clone firm FCA warning
February 14, 2018 BY Valentina Kirilova

FCA warns against Your Loan Deals clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Your Loan Deals. 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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February 14, 2018 BY Valentina Kirilova

MAS and the Central Bank of Egypt bolster FinTech cooperation

The Monetary Authority of Singapore (MAS) and the Central Bank of Egypt (CBE) announced that they have signed an agreement to strengthen FinTech cooperation between the two countries on 6 February 2018. The Cooperation Agreement was signed at Seamless North Africa 2018 (under the patronage of the CBE), a conference focused on Payments, FinTech and…

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ASIC office
February 13, 2018 BY Valentina Kirilova

New professional standards for financial advisers now available on ASIC website

The Australian Securities and Investments Commission (ASIC) announced that it has created a new section on its website to help financial advisers navigate the incoming professional standards requirements. The new requirements are aimed at lifting the education, training and ethical standards in the financial advice sector. ASIC’s website now provides an overview of the new…

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Nasdaq Copenhagen Improves Small Cap Market Access For Non-Nordic Trading Members
February 13, 2018 BY Valentina Kirilova

Nasdaq launches Nasdaq Nordic Fund Market in Finland and Norway

Today Nasdaq (Nasdaq:NDAQ) Broker Services announced the launch of Nasdaq Nordic Fund Market in Finland and Norway. The market service, available in Sweden since 2010, aims to increase the efficiency for fund distributors and fund companies by enabling electronic straight through processing of orders and settlement. We have seen an increasing demand in Finland and…

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February 13, 2018 BY Valentina Kirilova

HKEX adds long-dated HSI and HSCEI futures and options

Hong Kong Exchanges and Clearing (HKEX) announced today (Tuesday) that it will introduce long-dated contract months for its Hang Seng Index (HSI) and Hang Seng China Enterprises Index (HSCEI) Futures and increase the long-dated contract months for its HSI and HSCEI Options, with maturities up to 5.5 years, from Monday, 5 March 2018 to give…

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February 13, 2018 BY Valentina Kirilova

TMX Group announces steady results in 4Q and full 2017

TMX Group Limited (TSX:X) has just announced results for the full year and fourth quarter ended December 31, 2017. The highlights include: Diluted earnings per share of $3.63 in Q4/17, up 282% from Q4/16 Adjusted diluted earnings per share of $1.22 in Q4/17, up 3% compared with Q4/16 Revenue of $170.9 million in Q4/17, down…

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FCA warning
February 12, 2018 BY Valentina Kirilova

FCA warns against Prime CFDs firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Prime CFDs. Prime CFDs is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…

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hkex
February 12, 2018 BY Valentina Kirilova

HKEX launches director training webcast on IPOs

The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has today published a webcast that offers directors at companies considering an initial public offering with guidance on their responsibilities, as well as practical advice on tackling issues that may arise during and after the…

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