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Financial Markets

Paul Manafort trial Day 4: Accountant testifies she helped falsify documents to help Manafort get loans – Washington Post

Washington Post Paul Manafort trial Day 4: Accountant testifies she helped falsify documents to help Manafort get loansWashington PostPaul Manafort, President Trump’s onetime campaign chairman, is on trial in federal court in Alexandria on bank and tax fraud charges. Prosecutors allege he failed to pay taxes on millions he made …

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Financial Markets

Trump associate socialized with alleged Russian agent Maria Butina in final weeks of 2016 campaign – Washington Post

Washington Post Trump associate socialized with alleged Russian agent Maria Butina in final weeks of 2016 campaignWashington PostMaria Butina, the Russian gun-rights activist who was charged last month with working as an unregistered agent of the Kremlin, socialized in the weeks before the 2016 election with a former Trump campaign …

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Singapore Exchange

MAS Confirmed Plan to Introduce Remote Clearing

ICE Clear Singapore is amending its rulebook in preparation for long-awaited changes to remote clearing rules in the region.   Three years after a consultation, the Monetary Authority of Singapore (MAS) confirmed its plans to introduce a licencing exemption for overseas members that clear futures contracts during the second half of 2018. …

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Bitcoins

World’s First Bank-Backed Crypto Exchange Finally Opens to the Public

The world’s first bank-backed cryptocurrency exchange is now open to the public after months of delays. Japanese financial giant SBI Holdings formally launched its in-house crypto trading platform, dubbed VCTRADE, last month. Yet, as reported by CoinDesk at the time, the trading service was only available for a group of selected users who pre-registered with the platform last […]

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Singapore Exchange

SGX enhances Default Management Rules

SGX is proposing to amend the SGX-DC Clearing Rules to:  introduce an auction protocol for liquidating a defaulted SGX-DC Clearing Member’s positions in exchange-traded derivatives contracts and over-the-counter commodities contracts (“ETD/OTCC Auction”), and a loss distribution mechanism to address losses arising from such an auction;  allow SGX-DC to …

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Singapore Exchange

SGX proposes clearing rules changes for tackling trading defaults

SINGAPORE’S bourse operator has proposed changes to clearing rules for both derivatives and securities, with a public feedback exercise launched on Thursday. The proposed amendments will enhance the default management capabilities of both clearing houses, said the Singapore Exchange (SGX). It expects to put the measures in place during Q4 2018, …

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Bitcoins

Bitcoin Price Could Hit $15,000 This Year: Fmr. Goldman Sachs Exec.

Christopher Matta, a former vice president of investment management division at Goldman Sachs, still maintains he would invest his mother’s money in bitcoin. A callout box on the TV screen noted Matta believes a return to $15,000 for bitcoin is attainable. Now the co-founder of Crescent Crypto Asset Management, told CNBC’s …

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Singapore Exchange

SGX heads for arbitration with NSE amid Nifty dispute

THE Singapore Exchange (SGX) will head for arbitration in India to thrash out its ongoing dispute with the National Stock Exchange of India (NSE), with NSE fighting to stop SGX from launching new derivatives products meant to address SGX’s impending loss of Nifty 50 futures contracts. On Tuesday, the Bombay …

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Hong Kong Exchange

Hong Kong exchange to announce new listing rules on Tuesday

Hong Kong Exchanges and Clearing Ltd (HKEX) will announce new listing rules for companies including those with dual-class shares on Tuesday, its chief executive said. The new listing rules will become effective from April 30, Charles Li told reporters. The new rules will pave the way for more stock market …

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Financial Markets
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