The joint venture will combine the two companies’ post trade service. IHS Markit’s OTC derivatives and forex trade processing business will work together with CME Group’s OTC derivatives optimization businesses, operating as Traiana, TriOptima and Reset. The CMA first opened the investigation in June 2021 over concerns of “lessening of competition within any market or…
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The Saudi Arabian Capital Market Authority (CMA) has invited specialists, interested parties and the public to provide their comments and observations on the draft Instructions on Issuing Depositary Receipts out of the Kingdom for Shares Issued in the Kingdom ("Draft Instructions"), which is available on the CMA's official website for a period of (30) calendar…
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The Ugandan Capital Markets Authority (CMA) has announced the Chartered Institute for Securities & Investment (CISI) as one of its key partners in ensuring its practitioners are qualified to global best practice standards. The CMA, which is the regulator for the Ugandan capital markets sector, launched the “certification and competency” announcement to the market at…
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The Saudi Arabia Capital Market Authority (CMA) has pointed out that its decision announced by the CMA Board to exempt listed companies from disclosing financial statements for the fourth quarter of the current fiscal year is part of CMA's ongoing efforts to develop the financial market in the Kingdom. It also stems from CMA's keenness…
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The Saudi stock Exchange Tadawul announced plans to launch Nomu - Parallel Market on February 26, 2017, following the Capital Market Authority’s (CMA) announcement of issuing the Parallel Market Listing Rules published last Thursday. Launching Nomu - Parallel Market is a step towards fulfilling Tadawul’s plans to further develop the capital market. It is also…
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The Financial Conduct Authority (FCA) has today announced that it will take action to improve competition in the current account market. This follows a series of recommendations which were proposed by the Competition and Markets Authority (CMA) as part of its investigation into retail banking. Christopher Woolard, Executive Director of Strategy and Competition at the…
Read moreThe African country of Kenya's financial regulator Capital Markets Authority (CMA) today has published draft 'Capital Markets Licensing Requirements' for 'Online Forex Brokers and Conduct of Online Forex Business Regulations 2016' to provide the requisite regulatory framework to safeguard effective and secure online forex trading in Kenya. A couple of years ago we reported on LeapRate,…
Read moreA follow-up to LeapRate's earlier report about the investigation by the Competition and Markets Authority (CMA) of the acquisition of Trayport by Intercontinental Exchange Inc (NYSE:ICE)... Last week, the CMA said that it would refer the merger for an in-depth investigation unless Intercontinental Exchange (ICE) offered necessary undertakings to address the CMA’s competition concerns. The regulator…
Read moreThe UK Competition and Markets Authority (CMA) today announces the opening of an inquiry into the planned deal between ICAP plc (LON:IAP) and Tullett Prebon Plc (LON:TLPR). The watchdog is examining the proposed acquisition of ICAP's global wholesale broking and information business (IGBB) by Tullett and the planned acquisition of a 19.9% stake in Tullett by…
Read moreTullett Prebon Plc (LON:TLPR) has just provided an update regarding the proposed acquisition of the global hybrid voice broking and information business of ICAP plc (LON:IAP). Regulatory approvals Tullett Prebon said there was no further information on discussions with the United States Department of Justice (DOJ), which in February requested additional information and documentary material regarding…
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