News 

Thursday’s ETF with Unusual Volume: IAI

“The iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) is seeing unusually high volume in afternoon trading Thursday, with over 54,000 shares traded versus three month average volume of about 32,000” writes Bnk Invest for nasdaq.com. Components of that ETF with the highest volume on Thursday were Charles Schwab (SCHW), trading up about 6.6% with over 29.9 million shares changing hands so far this session, and TD Ameritrade Holding (AMTD), up about 18.3% on volume of over 26.4 million shares.Etrade Financial (ETFC) is lagging other components of the iShares U.S.…

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Markets News 

Canopy Growth says it will defend itself vigorously against lawsuits alleging securities fraud

“Cannabis market leader Canopy Growth Corp” writes Ciara Linnane for marketwatch.com. CGC, +15.14% WEED, +15.66% said Thursday it is aware of yet-to-be certified securities class-action suits that have been filed in the U.S. alleging the Canadian company made false and misleading statements, and intends to vigorously defend itself.”The company believes it has conducted itself in accordance with all relevant securities laws, and that the claims are without merit,” Canopy said in a statement.Canopy’s second-quarter earnings released Nov. 14 reported revenue that was below analyst estimates and an EBITDA loss of…

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News 

Deutsche Boerse, Swisscom Settle Securities with Corda and Hyperledger

“German securities marketplace Deutsche Boerse and Swiss state-run telecom Swisscom have settled securities transactions using different blockchain protocols” writes Helen Partz for cointelegraph.com. These banks were acting as counterparties and exchanged securities tokens against cash tokens, the press release notes.The PoC involved major Swiss banks, including the fourth-largest Swiss bank Zuercher Kantonalbank, investment bank Vontobel and Falcon Private Bank.The cash tokens in Swiss francs were provided by Deutsche Boerse. Source: cointelegraph.com

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Crypto News 

U.S. Gov’t Extradites Alleged Fraudster for Selling Fake Securities for $11 M in BTC

“On July 25, a U.S. federal grand jury indicted Karlsson on charges of alleged securities fraud, wire fraud and money laundering” writes unknown author for cointelegraph.com. The United States has extradited a Swedish national from Thailand for allegedly selling fraudulent securities to investors online, garnering over $11 million worth of Bitcoin (BTC).Late last week, a founder of massive ponzi scheme OneCoin, which centered around a cryptocurrency that didn’t exist, pleaded guilty to charges including fraud and money laundering. Source: cointelegraph.com

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News 

ACY Securities Invited to Australia-China Free Trade Agreement Anniversary

“The organisation that put the event together, Australia-China Future Forum (ACFF), bestowed special recognition on ACY Securities for its contribution to the finance industry, with the former Minister for Trade and Investment, the Hon” reports financemagnates.com. ACY Securities is one of the fastest growing multi-asset trading providers offering state-of-the-art technology and educational solutions that assist traders better execute their trading plans and stay on top of their trading activity. Source: financemagnates.com

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Crypto News 

JPMorgan Automates Derivatives Margin Payments With Blockchain Tech

“In June 2019, major stock exchange operator Nasdaq successfully piloted a blockchain-based proof-of-concept (PoC) providing a 24/7 securities collateral solution” writes Helen Partz for cointelegraph.com. Major global investment bank JPMorgan has developed a new blockchain-based solution for derivatives designed to speed up cash and collateral transfers. The PoC reportedly enabled parties to handle the margin call, the securities collateral delivery and the return process within minutes.Blockchain technology has previously been used in collateral transfers.Integrated with JPMorgan’s proprietary automation system, the new solution reportedly eliminates manual intervention in the collateral process…

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Markets News Regulators 

U.S. Fed buys $1.8 billion of mortgage bonds, sells none

“NEW YORK (Reuters) – The Federal Reserve bought $1.754 billion of agency mortgage-backed securities in the week from Nov. 7 to Nov. 13, compared with $828 million purchased the previous week, the New York Federal Reserve Bank said on Thursday” writes Midwest Communications Inc for 95kqds.com. In a move to help the housing market begun in October 2011, the U.S. central bank has been using funds from principal payments on the agency debt and agency mortgage-backed securities, or MBS, it holds to reinvest in agency MBS. The New York Fed…

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News 

Canadian Securities Administrators approve new rules for reporting of cybersecurity incidents

“The Canadian Securities Administrators (CSA) have approved amendments to the Dealer Member Rules (DMRs) and corresponding amendments for the rules of the Investment Industry Regulatory Organization of Canada (IIROC) regarding reporting of cybersecurity issues” reports financefeeds.com. The document, however, sets forth merely a voluntary risk-based Cybersecurity Framework – a set of industry standards and best practices to help IIROC Dealer Members manage cybersecurity risks.Since IIROC first published its Cybersecurity Incident Best Practices Guide in December 2015, cyber risks have continued to evolve, the body warns.This development highlights the importance of…

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Crypto Markets News 

HSBC and Singapore Exchange Pilot Blockchain in Bonds Issuance

“HSBC today said it joins forces with the Singapore Exchange (SGX) and investment company Temasek to execute a blockchain pilot for a fixed income issuance” writes Aziz Abdel-qader for financemagnates.com. HSBC is one of the founder members of Voltron, a blockchain-based open industry platform for digitizing trade finance documents on Corda, R3’s blockchain platform.There have been other blockchain issuances, but in most cases they weren’t handling the unique challenges faced in the issuance and servicing of fixed income securities in Asia.The test also makes HSBC one of the first asset global…

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Crypto News 

Telegram Wants Dismissal of SEC Allegations

“The lawsuit, however, forced the company to suspend its blockchain launch, at least for the time being” writes Arnab Shome for financemagnates.com. Telegram, the company behind the issuance of Gram token, has requested the judge of the New York Southern District Court to dismiss the charges against it brought by the Securities and Exchange Regulator (SEC).While raising funds, the company guaranteed the investors to launch its blockchain before October 30, 2019, else they will be eligible for a refund.Notably, the platform raised $1.7 billion from private investors in two rounds…

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