Hong Kong Exchanges and Clearing Limited (HKEX) published its consultation conclusions today (Friday) on its proposed after-hours trading (AHT) enhancements. HKEX received a total of 53 responses from a broad spectrum of market participants including 36 Exchange Participants (EPs) and others in the market contributing 83 per cent of the volume in AHT (the T+1…
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The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) has granted relief to market participants in complying with certain position aggregation requirements. This relief is being provided until August 12, 2019. Previous relief was set to expire on August 14, 2017. During the period of the time-limited no-action relief issued today, DMO…
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The European Securities and Markets Authority (ESMA) has published its first three opinions on position limits regarding commodity derivatives under the Markets in Financial Instruments Directive and Regulation (MiFID II/MIFIR). ESMA’s opinions agree with proposed position limits by the Autorité des Marchés Financiers (AMF) regarding: • Rapeseed; • Corn; and • Milling wheat. ESMA found…
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CBOE Holdings, Inc. (NASDAQ: CBOE) announced today that trading volume in options and futures on the CBOE Volatility Index® (VIX®) each reached new all-time highs on Thursday, August 10. In VIX options at CBOE, a reported 2,562,477 contracts traded on Thursday, surpassing the previous single-day record of 2,382,752 contracts on February 3, 2014. Year-to-date through…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Money Solutions UK. 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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The Board of Directors of TMX Group Limited (TSX:X) declared a dividend of $0.50 on each common share outstanding, payable on September 8, 2017 to shareholders of record at the close of business on August 25, 2017. TMX Group hereby advises that this dividend is designated as an "eligible dividend" for Canadian income tax purposes.…
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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 Paramount Law Boston. Paramount Law Boston is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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The Australian Securities and Investments Commission (ASIC) has confirmed an additional $10.5 million in compensation for 160,000 superannuation customers who were affected by breaches within the OnePath group between 2013 and 2016. ASIC has been monitoring the resolution of a number of OnePath breaches. This has resulted in ANZ (the parent company of OnePath) providing…
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At its meeting on 9 August 2017, the Supervisory Board of Moscow Exchange recommended an interim dividend for H1 2017 of RUB 2.49 per share. The record date is 29 September 2017. The total interim dividend payout will amount to RUB 5.67 bln, or 55% of the company's H1 2017 net profit under International Financial…
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The Cyprus Securities and Exchange Commission (CySEC) announced that, on 1st August 2017, the CIF Reserve Invest (Cyprus) Ltd (‘the Company’), which provided investment services via the domain www.reserve invest.com, renounced its authorisation, pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (the ‘Law’). Therefore,…
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