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…
Read moreThe Securities and Futures Commission (SFC) of Hong Kong today has announced the regulator has entered into a memorandum of understanding (MoU) with the Financial Industry Regulatory Authority of the United States (FINRA) concerning mutual assistance in the supervision and oversight of regulated entities that operate on a cross-border basis in Hong Kong and in the…
Read moreHong Kong based Global eSolutions (HK) Limited (GES), a leading financial trading platform vendor announced today a new multi-asset trading and algo-ready platform – TX-AUTON. By offering lightning fast access to real-time data and up-to-the minute view of the markets, TX-AUTON helps investors and traders to efficiently identify trends and determine buy/sell decision intelligently. TX-AUTON provides…
Read moreHong Kong financial startup 8 Securities announced today that customers can trade over 15,000 US, HK and China H shares and index funds for $0 commission. "Our technology has reduced our cost to execute a trade to almost $0 so we are simply passing that savings on to our customers," said Mikaal Abdulla, CEO of…
Read moreHong Kong Exchanges and Clearing Limited (HKEX) today announced the successful launch of its Pre-Trade Risk Management (PTRM) system, a system that offers tools to help market participants in its derivatives market meet their needs for pre-trade controls while complementing their in-house risk controls. The PTRM system strengthens HKEX's clearing house protection, enhances the competitiveness…
Read moreHong Kong Exchanges and Clearing Limited (HKEX) plans to introduce additional Renminbi (RMB) currency futures in the second quarter of this year, subject to regulatory approval. LeapRate reported on HKEX's 2015 review where RMB currency futures were cited as a key driver of growth in the FX segment while achieving record volumes for 2015. It…
Read moreHong Kong's Securities and Futures Commission (SFC) today established a Fintech Contact Point as a dedicated channel to encourage businesses involved in the development and application of financial technology in Hong Kong to engage with the SFC. The SFC has also established a Fintech Advisory Group which will focus on the opportunities, risks and regulatory…
Read moreBinary platform provider and operator TechFinancials Inc (LON:TECH) today updated on the formation of its binary options joint venture in Hong Kong. TechFinancials said that it has completed the formation of the JV with the owners of Optionfortune Trade Limited, a company registered in Hong Kong to operate a B2C binary options trading platform focused on the…
Read moreHong Kong's Securities and Futures Commission (SFC) has just published its report for the quarter from July to September 2015, with the data pointing to continued interest of investment companies in obtaining licenses from the Hong Kong watchdog. In the three months to September 30, 2015, the SFC received 2,416 licence applications, a number which…
Read moreOTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx) that provides clearing services for over-the-counter, or OTC, derivatives, has welcomed Citigroup Inc (NYSE:C) as its first Clearing Member from the United States. "We are pleased to admit Citi as our first US Clearing Member following our receipt of No Action…
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