Category: Financial Services

February 14, 2017 BY admin

Pragma announces new block trading and pairs capabilities for Pragma360

Pragma, a New York based multi-asset class, quantitative trading technology provider, announced it has added two significant capabilities to Pragma360 Equities, its high performance algorithmic trading service, with the release of conditional orders and Pairs 2.0. Conditional orders are an increasingly popular specialized electronic trading protocol to source large blocks, helping traders ensure they don’t…

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Morgan Stanley fine
February 14, 2017 BY LeapRate Staff

Morgan Stanley pays $8 million SEC fine for Inverse ETF recommendations

The U.S. Securities and Exchange Commission has announced that the Morgan Stanley Smith Barney unit of investment bank Morgan Stanley (NYSE:MS) has agreed to pay an $8 million penalty and admit wrongdoing to settle charges related to single inverse ETF investments it recommended to advisory clients. The SEC’s order finds that Morgan Stanley did not…

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February 14, 2017 BY admin

Calforex partners with iSignthis for digital KYC service

Calforex, the trading name of Calgary Foreign Exchange Ltd, registered as a Money Service Business in Canada and sister company GoInterpay today announced they have entered an agreement with iSignthis Ltd (ASX: ISX) for digital KYC services. iSignthis will provide Calforex and GoInterpay with their Digital Know Your Customer (KYC) enhanced due diligence solution. Calforex will…

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February 14, 2017 BY admin

Market data cloud firm Xignite hires Mark Rowe as CFO

Xignite, a provider of cloud-based real-time and reference market data to financial services and fintech companies for easy integration with websites, apps, and software, announced today that former Microsoft executive Mark Rowe has joined the company as its Chief Financial Officer (CFO). Reporting to Xignite CEO and Founder, Stephane Dubois, Rowe will oversee the global finance,…

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February 14, 2017 BY Valentina Kirilova

FCA reviews effectiveness of UK primary capital markets

The Financial Conduct Authority (FCA) has today published a Discussion Paper which seeks feedback on how the UK primary capital markets can most effectively meet the needs of issuers and investors. The UK’s primary capital markets support the wider economy by bringing together investors seeking investment opportunities, and issuers wanting to access capital to finance…

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ESMA bond liquidity data
February 14, 2017 BY Valentina Kirilova

ESMA writes to European Commission on MiFID II systematic internalisers operating broker crossing networks

The European Securities and Markets Authority (ESMA) has written to the European Commission to raise its concern over the potential establishment of networks of systematic internalisers (SIs) by investment firms to circumvent certain MIFID II obligations; in particular, the requirements for investment firms operating internal matching systems and executing client orders on a multilateral basis…

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Hong Kong SFC
February 14, 2017 BY Valentina Kirilova

SFC withdraws Restriction Notice issued to a broker in connection with client’s suspected insider dealing

The Securities and Futures Commission (SFC) has withdrawn the Restriction Notice issued to Kingsway Financial Services Group Limited (KFS) in connection with a client account that holds proceeds of suspected insider dealing in the shares of TeleEye Holdings Limited. The withdrawal of the Restriction Notice came after the SFC obtained court orders to prevent dissipation…

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sfc warning
February 14, 2017 BY Valentina Kirilova

Hong Kong SFC adds mhi-shipping.com to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

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