Borsa Italiana today announced that its Italian Derivatives Market (IDEM) has further extended its product range with the launch of FTSE Italia PIR Mid Cap Futures. The innovative products were launched in response to strong and growing demand from global trading firms and asset managers looking to access an efficient financial instrument for directional trading…
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The U.S. Securities and Exchange Commission has announced charges against a Seattle-area outdoor digital signage advertising company and two of its senior executives, over the theft of more than $2 million from retail investors. According to the SEC’s complaint filed in U.S. District Court in Seattle, Digi Outdoor Media Inc.’s former chief executive officer Donald…
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The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) has issued the results of a rule enforcement review at the Chicago Board of Trade, Chicago Mercantile Exchange, Commodity Exchange, Inc. and New York Mercantile Exchange, Inc. that recommends the exchanges reviewed make certain improvements as noted below. The Division reviewed the Chicago Board…
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The Securities and Exchange Commission (SEC) announced it obtained an emergency asset freeze to halt a fast-moving Initial Coin Offering (ICO) fraud that raised up to $15 million from thousands of investors since August by falsely promising a 13-fold profit in less than a month. The SEC filed charges against a recidivist Quebec securities law…
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Update for Deutsche Börse's T7 trading system / Regulatory requirements implemented As of today, Xetra trading announced that it is ready to meet the requirements of MiFID II, the European Markets in Financial Instruments Directive, which goes into effect at the beginning of 2018. Deutsche Börse's underlying T7 trading system was therefore updated to Release…
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Securities Commission Malaysia (SC) announced that it has today reprimanded and fined five directors of TRIVE Property Group Bhd (Trive) for knowingly furnishing false or misleading statements in the 2014 audited financial statements of the company to SC and Bursa Malaysia. SC’s sanctions arose as a result of its findings that Trive had failed to…
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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 firm Pension Services. Pension Services 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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The Cyprus Securities and Exchange Commission (CySEC) announced that it has imposed a series of fines totaling €595,000 on Bank of Cyprus Public Company (the “Company”) and ten of its former directors - including its former Chief Financial Officer (together, the “directors”) - for individual and collective failings to make adequate provision for doubtful debts…
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Six Swiss Exchange announced that trading activity has risen sharply in the year to date compared with the same period of 2016. Highlights include: Trading turnover in the year to date: CHF 1,245.1 billion (+6.3% YoY) Number of trades 47,453,956 (+8.4% YoY) All-time record annual ETF turnover achieved in 2016 already broken in November 2017…
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Dalian Commodity Exchange (DCE) informed that it has launched 24 commodity futures indexes, and so far DCE has published a total of 36 indexes of the commodity futures. According to the sources, the newly launched 24 indexes are all the single commodity indexes, including the 2 series: the price indexes of single commodity futures and…
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