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US Department Of Justice: Malaysian Financier Low Taek Jho, Also Known As “Jho Low,” And Former Banker Ng Chong Hwa, Also Known As “Roger Ng,” Indicted For Conspiring To Launder Billions Of Dollars In Illegal Proceeds And To Pay Hundreds Of Millions Of Dollars In Bribes - Former Banker Tim Leissner Pleaded Guilty To Conspiring To Launder Money And To Violate The Foreign Corrupt Practices Act Related To 1MDB

Date 01/11/2018

A three-count criminal indictment was unsealed today in federal court in the Eastern District of New York charging Low Taek Jho, 36, also known as “Jho Low,” and Ng Chong Hwa, 51, also known as “Roger Ng,” with conspiring to launder billions of dollars embezzled from 1Malaysia Development Berhad (1MDB), Malaysia’s investment development fund, and conspiring to violate the Foreign Corrupt Practices Act (FCPA) by paying bribes to various Malaysian and Abu Dhabi officials.  As part of the three-count indictment, Ng is also charged with conspiring to violate the FCPA by circumventing the internal accounting controls of a major New York-headquartered financial institution (Financial Institution), which underwrote more than $6 billion in bonds issued by 1MDB in three separate bond offerings in 2012 and 2013, while Ng was employed at the Financial Institution as a managing director.  Ng was arrested earlier today in Malaysia, pursuant to a provisional arrest warrant issued at the request of the United States.  Low remains at large.

Statistics From Nasdaq Nordic Exchange October 2018

Date 01/11/2018

Monthly statistics including stock and derivative statistics:

• Volumes and Market cap
• Most traded companies
• Most active members
• Listings and members

EEX Trading Results For October 2018 - EEX Significantly Increases Trading Volumes In Power, Emissions And Freight

Date 01/11/2018

In October 2018, the European Energy Exchange (EEX) increased volumes on its power derivatives markets by 30% to 339.3 TWh (October 2017: 261,3 TWh). In particular, the 4-fold increase in Phelix-DE Futures to 204.4 TWh as well as power futures for Italy (60.9 TWh, +42%) and Spain (9.1 TWh, +32%) contributed to this development.

Nasdaq Nordic And Baltic Market Trading Statistics October 2018

Date 01/11/2018

Nasdaq (Nasdaq:NDAQ) today publishes monthly trade statistics for the Nordic and Baltic markets.

Al Mawared Brokerage: Al Eqbal Investment - Company Highlights

Date 01/11/2018

Click here to download Al Mawared Brokerage's company highlights on Al Eqbal Investment.

Avenir-Technology Launches Post Trade Infrastructure For Astana International Exchange - Provides Software To Operate Securities Registry And Central Securities Depository

Date 01/11/2018

Avenir Technology Limited (avenir-technology.com), a global developer of post-trade Financial Market Infrastructure solutions, has today announced that it is the provider of post-trade market services to the Astana International Exchange (AIX) in Kazakhstan. Avenir developed both a securities registry and a Central Securities Depository (CSD), along with related FIX trading and post-trade SWIFT messaging, to support this new exchange in the Astana International Financial Centre (AIFC).

Deutsche Börse: Cash Markets Achieve Turnover Of €171.6 Billion In October, Trading Volume 48 Percent Higher Year-On-Year

Date 01/11/2018

Deutsche Börse cash markets achieved a turnover of €171.6 billion in October (2017: €115.9 billion). This corresponds to a year-on-year increase of 48 percent.

Moscow Exchange: Final Settlement Prices Determined For Brent Futures (Brent-11.18)

Date 01/11/2018

Please be advised that on November 1, 2018 the settlement prices for Brent futures (BR-11.18) contracts amounted to:

• BR-11.18 – 75.50

Bank Of England: Bank Rate Maintained At 0.75% - November 2018

Date 01/11/2018

The Bank Of England  Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.75%. The committee also voted unanimously to maintain the stock of corporate bond purchases and UK government bond purchases.

Realising The Benefits Of Purposeful Leadership - Speech By Jonathan Davidson, Director Of Supervision – Retail And Authorisations At The FCA, Delivered At The CCTA 2018 Conference, Nottingham

Date 01/11/2018

Key points

• The consumer credit sector has demonstrated a lot of positive change in recent years. Nonetheless, regulatory change will continue as long as we continue to find evidence of considerable harm to consumers.
• Consumer outcomes are driven by the purpose underlying a firm’s business model and culture. A firm with a good purpose will perform a stocktake of all their business activities and product lines and eliminate anything that is not consistent with their purpose, even activities that are profitable.
• Leadership is vital in ensuring a firm’s purpose is the right one and setting the tone for the rest of the organisation. Defining culture is much more than a box-ticking, compliance exercise.