FTSE Russell, the global index, data and analytics provider, today announces that it has completed the purchase from TMX Group Limited (“TMX”) and MTS S.p.A (“MTS”) of their respective minority shareholdings in FTSE TMX Global Debt Capital Markets Limited (“FTSE TMX”). The minority shareholdings amount to an aggregate c.27% stake in the joint venture, which was originally established between FTSE and TMX in 2013. As a result, FTSE Russell will assume 100% ownership of FTSE TMX. The acquisition of the minority interests has been made through FTSE International Limited, a wholly owned subsidiary of London Stock Exchange Group. The terms of the transaction have not been disclosed.
read more...FTSE Russell Acquires Minority Interests To Assume 100% Ownership Of FTSE TMX Global Debt Capital Markets Limited
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Moody's: Blockchain Could Save US Mortgage Industry $1 Billion
Blockchain could boost efficiency and cut costs in a housing sector that's due for a digital overhaul, says Moody's.
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Carbon 'Stablecoin' Project Raises $2 Million in Seed Round
Cryptocurrency startup Carbon has raised $2 million in seed funding, the company revealed to CoinDesk, Thursday.
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Bitcoin Breakout: Price Jumps $1K in 60 Minutes
Bitcoin rallied over $1,000 in an hour this morning, having spent a better part of the last two weeks trading sideways.
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IT Giant Tech Mahindra Joins India's Early Blockchain 'Bulls'
Blockchain startup ChromaWay and India-based Tech Mahindra have partnered to bring new solutions to the Indian market.
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Daily: Freak Bull run surprises market / JPMorgan sued over feesDaily: Freak Bull run surprises market / JPMorgan sued over fees
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Pirum Adds 3 Staff To US Operation
Securities Finance Fin Tech provider Pirum Systems, is delighted to announce the expansion of their US operation with the addition of Kristen Dove and Dominique Rose joining the New York team. In addition Edward Sharpe will be transferring to New York.
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Steve Grob At Fidessa Criticises "Asinine" Letter From Marcus Ferber To ESMA On Periodic Auctions - The Periodic Table
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Russian Police Arrest Two for Illegal Crypto Mining
Russian police have reportedly apprehended two suspects in connection with an illegal crypto mining farm.
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Tokyo Commodity Exchange To Sign MoU With Net Energy Group
The Tokyo Commodity Exchange (TOCOM) and Net Energy announced today the April 10th signing of an MoU. Net Energy provides an oil trading platform and brokerage services in North America. The MoU will strengthen the linkage of crude oil trading between the North American and Asian markets.
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The Shenzhen Stock Exchange Accelerates The Implementation Of Financial Opening Measures Ensures Safe And Smooth Operation Of Shenzhen-Hong Kong Stock Connect
Today, the China Securities Regulatory Commission (“CSRC”) and the Securities and Futures Commission of Hong Kong (“SFC”) issued a "Joint Announcement," agreeing to expand the daily quota for interconnection. Among them, the daily quota for eligible shares of Shenzhen Connect expanded from 13 billion yuan to 52 billion yuan, and the daily quota for eligible shares of Hong Kong Connect increased from 10.5 billion yuan to 42 billion yuan, both of which come into effect as of May 1, 2018. This is an important measure of implementing Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and expanding the opening of the financial sector to the outside world. It fully demonstrates China’s capital markets’ confidence and determination in opening to the outside world, and is conducive to better meeting the demand of overseas long-term institutional investors in participation in the A-share market.
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Closure Of Bursa Malaysia In Conjunction With 14th General Election On 9th May 2018
Bursa Malaysia Berhad and its subsidiaries will be closed on Wednesday, 9 May 2018, in conjunction with the 14th general election’s polling day as announced by the Prime Minister’s Office.
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Pool The Strength Of Members To Win The Tough Battle In Preventing And Addressing Risks - Shenzhen Stock Exchange 4th Council Convenes The 4th Meeting
The 4th Meeting of the SZSE 4th Council was convened on the morning of April 11, 2018, which studied and deliberated the Report on the Preparation of the 2018 SZSE General Meeting of Members and gave instructions to relevant work. It was decided at the meeting that the 2018 General Meeting of Members would be held offsite from April 16 to April 20. The Council Work Report, the General Manager Work Report, the Financial Budget Report and the Shenzhen Stock Exchange Constitution (Revised Draft) were deliberated and approved at the meeting and will be submitted to the General Meeting of Members for deliberation. Other matters were also studied at the meeting.
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NY Regulator Argues BitLicense Regulation Boosted Businesses
Maria Vullo highlighted the state's early involvement in cryptocurrency. But many think New York's BitLicense desperately needs an overhaul.
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Unauthorised Use Of ESMA’s Identity And Logo By A Named Individual
The European Securities and Markets Authority (ESMA) has been informed that an individual operating under the name “Edward Stewart” has used ESMA’s identity and logo. This individual is presenting himself as an employee of ESMA conducting investigations in order to steal personal data and convince the potential victims to transfer money.
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CFTC Charges New York Residents Kevin Whylie And Matthew Zecchini And Their Company, Algointeractive Inc, With Commodity Pool Fraud, Misappropriation, And Registration Violations
The Commodity Futures Trading Commission (CFTC) yesterday filed a civil enforcement action in the U.S. District Court for the Southern District of New York against Defendants Kevin P. Whylie of Mamaroneck, New York; Matthew James Zecchini of East Islip, New York; and Algointeractive Inc, a New York corporation owned and controlled by Whylie and Zecchini. The CFTC Complaint charges that, from approximately April 2016 through the present, Defendants engaged in a fraudulent scheme to solicit at least $300,000 from members of the public to participate in a pooled investment vehicle for futures trading, misappropriated and commingled commodity pool participants’ funds, issued false account statements to pool participants to conceal their trading losses and misappropriation, engaged in false advertising, and failed to register with the CFTC, as required.
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FINRA, BOX, Cboe, IEX, NASDAQ And NYSE Fine Instinet, LLC For Market Access Rule Violations
Instinet, LLC has been censured and fined a total of $1.575 million for violations of various provisions of Rule 15c3-5 of the Securities Exchange Act of 1934 (known as the Market Access Rule) and related exchange supervisory rules. The action was taken by the Financial Industry Regulatory Authority (FINRA), along with BOX Options Exchange LLC (BOX); the Cboe BZX Exchange, Inc.; Investors Exchange LLC (IEX); The NASDAQ Stock Market LLC; the New York Stock Exchange; and certain of their affiliated Exchanges (collectively, “Exchanges”). The fine was apportioned among FINRA and the Exchanges.
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Canadian Securities Regulators Seek Comment On Soliciting Dealer Arrangements
The Canadian Securities Administrators (CSA) today published for comment CSA Staff Notice 61-303 and Request for Comment Soliciting Dealer Arrangements. The notice outlines regulatory issues raised by soliciting dealer arrangements and seeks input on the practice, which generally involves an issuer paying a dealer to successfully solicit securities from a securityholder in connection with corporate transactions.
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Investors Beware: Fraudsters Are Misrepresenting Themselves As IIROC-Regulated Investment Dealers - IIROC Warns Against Illegal Sales Of Binary Options And Attempted Identity Theft
The Investment Industry Regulatory Organization of Canada (IIROC) today warned Canadian investors not to be fooled by fraudsters attempting to illegally sell binary options under the guise of legitimate investment dealer firms regulated by IIROC.
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Canadian Securities Regulators Outline Disclosure Expectations For Real Estate Reporting Issuers
The Canadian Securities Administrators (CSA) today published CSA Staff Notice 52-329 Distribution Disclosures and Non-GAAP Financial Measures in the Real Estate Industry. The notice details findings of a recent review and provides additional guidance on disclosure expectations relating to distributions and non-GAAP financial measures for real estate reporting issuers.
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