News Centre

eToro Raises $100m To Support Global Expansion And The Development Of Blockchain-Backed Technologies - Fundraise Follows A Period Of Significant Growth For The Business Which Now Has 9 Million Users Worldwide

Date 21/03/2018

eToro, the world’s leading social trading and investment platform, today announced a Series E fundraise of $100 million to support its expansion into new markets as well as its continued research and development of blockchain technology and the digitisation of assets.

Abacus Group Expands London Office To Accommodate Accelerated Growth In the UK

Date 21/03/2018

Abacus Group, a leading provider of hosted IT solutions and application hosting for alternative investment firms, today announced the expansion of its London office into a new, larger space to accommodate its growth in the UK.

Irish Stock Exchange: Leading Mexican Manufacturer, Nemak, Lists $500m Notes On GEM

Date 21/03/2018

Mexican manufacturer to the global automotive industry, Nemak, lists $500m notes Global Exchange Market (GEM) of the Irish Stock Exchange (ISE). The notes, with a 4.75% interest rate, have a maturity date of January 2025. Nemak also listed €500m notes on GEM in 2017.

ACER: Survey On The Importance Of Electricity For Consumers

Date 21/03/2018

On behalf of ACER, Cambridge Economic Policy Associates (an economics and policy consultancy) is carrying out a survey on the value of electricity for domestic and business consumers.

Brown Rudnick Alert: UK And EU Brexit Transition Deal

Date 21/03/2018

As we have reported previously, the result of the European Union referendum (Brexit) was announced on 24 June 2016 with a vote in favour of the United Kingdom exiting.

BETTER FINANCE Welcomes The Sustainable Finance Action Plan But Warns The Commission Against Its Plans Regarding Taxonomy, Benchmarking And An Eco-Label

Date 21/03/2018

BETTER FINANCE is happy to see that the Actions proposed by the European Commission should bring about more transparency for investors and favour sustainable long-term value creation for end-investors and savers. 

UnaVista Extends Alliance With IHS Markit To Cover SFTR Transaction Reporting

Date 21/03/2018

• Partner programme launches new model for consulting firms covering MiFID II, EMIR and SFTR
• Securities Financing Transactions Regulation (SFTR) expected to go live in Q2 2019
• SFTR will require firms to report transactions including repo trades to an approved EU trade repository 

Brown Rudnick Alert: OFAC Takes Initial Steps To Deal With Questions About The Application Of US Sanctions To Cryptocurrency

Date 21/03/2018

As anticipated, the Department of Treasury's Office of Foreign Assets Control (OFAC) has begun to pull back the covers on its views toward cryptocurrencies (also known as "virtual currencies") within the existing regulatory landscape of US sanctions. Virtual currencies are “digital representations of value” that can function as a means for online payments. These transactions are often secured and verified by encryption and thus referred to as “cryptocurrencies.” With the increasing ubiquity of virtual currencies like Bitcoin, questions have emerged as to their status under existing OFAC rules. 

ESMA Clarifies Treatment Of Packages Under MiFIR’S Trading Obligation For Derivatives

Date 21/03/2018

The European Securities and Markets Authority (ESMA) has issued today an opinion providing further guidance on the treatment of packages under the trading obligation for derivatives which the Markets in Financial Instruments Regulation (MiFIR) introduced on 3 January 2018.

PEGAS Records Its First TTF Option

Date 21/03/2018

PEGAS, the pan-European gas trading platform operated by Powernext, has registered the first trade on its new OTC Options registration service. The trade was a Put on the TTF Summer 2018 contract at a strike price of 17 Euros/MWh, with an Options premium of 0,290 Euros. It was brokered by Marex Spectron and amounted to a total of 527,040 MWh.