Moscow Exchange (MOEX) announced that today (14 November) FX fixing trading turnover reached USD 510 million or RUB 30.2 billion. Moscow Exchange has offered the USD/RUB and EUR/RUB FX fixing electronic matching service from 4 September 2017. The service is intended to help Russian and international banks with a hedge against the currency risk of…
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The Securities and Futures Commission (SFC) has today released consultation conclusions on proposals to enhance asset management regulation and point-of-sale transparency. The SFC also launched a further consultation on disclosure requirements applicable to discretionary accounts. The SFC will implement the enhancements to the Fund Manager Code of Conduct (FMCC) with certain modifications and clarifications. To…
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Following the introduction of corporate bond futures, Eurex – a part of Deutsche Börse Group – once again acts as first mover in the fixed income derivatives markets. To further support the financial industry in hedging their portfolios, Europe’s leading derivatives exchange launches options on fixed income ETFs. As of November 20, Eurex will offer…
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The Financial Industry Regulatory Authority (FINRA) has today announced several changes to its advisory committees to increase transparency around the committees and improve their effectiveness as a vehicle for firms to provide input on key issues before FINRA, including on existing and proposed rules. The changes—the first phase of a series of FINRA Board of…
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ASIC informed that Mr Jin Xi Li, 54, of Caloundra, Queensland, appeared in the Maroochydore Magistrates Court today charged with 88 insider trading related offences. Mr Li was charged under section 1043A of the Corporations Act following an ASIC investigation into trading in Contracts for Difference (CFD) and the ordinary shares of PanAust Limited (PanAust…
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Bell Potter Securities Limited has paid a penalty of $358,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP), ASIC informed earlier today. The ASIC Market Integrity Rules (ASX Market) 2010: prohibit a market participant from making bids on its own behalf with the intention, or having the effect,…
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Abu Dhabi Securities Exchange (ADX) announced that it has succeeded in achieving a compliance rate of 99% regarding the disclosure of the 3rd quarter financial statements of its listed public joint stock companies within the deadline of 45 days from the end of the financial period. 64 listed companies out of 65, local and foreign,…
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Singapore Exchange (SGX) announced that it has today welcomed Hong Kong-based Xin Hua Securities to its derivatives market as a Trading Member. Michael Syn, Head of Derivatives at SGX said: We are pleased that Xin Hua Securities has joined SGX as a Derivatives Trading Member as we continue to expand our footprint in Greater China.…
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The Financial Markets Authority (FMA) informed that it has concluded an investigation into certain trading activity by Goldman Sachs New Zealand LTD (GS). The GS investigation was prompted by concerns arising from an investigation into trading by Mark Warminger and Milford Asset Management. The FMA was concerned that GS trading may have been in breach…
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European Commodity Clearing (ECC) and the Allocated Bullion Exchange (ABX) announced that they have agreed to cooperate in the field of clearing and settlement. ABX, established in 2011 with its headquarters in Brisbane / Australia, operates the exchange platform for spot allocated physical precious metals, offering trading services for gold, silver and platinum contracts. Under…
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