Author Archives: Adil Siddiqui

Two Brokers at Merrill Lynch Sacked for Promoting outside Funds

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Merrill Lynch gets heavy with brokers that were found selling products that were not vetted by the firm. Reports state that two employees were fired after the firm found them breaching securities industry rules.
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Turkish Exchange Trading Volumes Increase 15% MoM in August

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Turkey’s main financial trading venue has reported positive metrics for the month of August, the multi-asset bourse saw volumes increase in its diverse range of products, total volume for August exceed $300 billion.
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Bitcoin Picks: Ponzi Scheme Gets Punished & Developers Get New Treat

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Another action packed week of activity in the Bitcoin sector, a mix of positive and negative stories engulf the developments in the crypto currency space, ponzi schemes, government bans and new APIs.

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Sebi Issues Fines against Brokers for Non-Adherence to Complaints Procedures -$31,000

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The main securities regulator in Asia’s 2nd most populous nation, India, was getting heavy handed with firms failing to comply with its complaints procedure, the watchdog issued a number of fines against 7 firms.
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Jefferies Becomes Latest Derivatives Clearing Member at Singapore Exchange

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Interest in Asia continues to grow as global brokerage firm, Jefferies, becomes the latest firm to sign-up with the Singapore Exchange as a clearing member. The firm extends its reach into Asian derivatives products.
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Kenya’s Financial Landscape to Get Knowledge Boost

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Financial services professionals in East Africa’s largest economy, Kenya, will benefit from enhancements in their product and markets knowledge. The country’s regulator has signed an MOU with the UK’s CISI.
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China Extends Number of Approved RQFIIs – BNP Paribas Joins

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China’s growing influence in global financial markets continues as French bank, BNP Paribas becomes the latest firm to officially acquaint itself with Asia’s premier economy, the bank gained approval as a RQFII.

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CLS Scores New Record of 2 Million in Volume of Contracts Traded & $10 Trillion in Value

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A spree of activity in the global markets has helped currency settlement provider, CLS, reach new performance records. The US-based firm crossed new records in the number of contracts settled through its system.

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ICE Appoints Object Trading for Product Migration

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Object Trading’s DMA solutions will be used on ICE exchange’s UK derivatives product range. The exchange will offer seamless trading using the FrontRunner DMA gateway as ICE migrates products from NYSE LIFFE.
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Hedge Fund SAC Capital Guilty of Insider Trading – Loses Fund Management License

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Leading hedge fund found guilty of insider trading in 2013 has license revoked by the CFTC. SAC Capital has paid $1.2 billion in fines and will no longer be offering fund management services.
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