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Category Archives: Fintech

A roundup of today’s market tech news and a look at tomorrow’s disruptors

Asia Pacific Financial News from John Lothian News – August 24, 2017 Standard

Lead Stories India’s Top Court Rules Citizens Have Fundamental Right to Privacy By Upmanyu Trivedi , Iain Marlow , and Saritha Rai – Bloomberg Top court verdict around use of Aadhaar biometric program; Ruling may impact data use by firms such as Facebook, Google India’s top court has ruled citizens have a fundamental right to privacy, a potential setback to the government’s plan of using its vast biometric identification program in everything from mobile connections to income-tax filings. https://goo.gl/xUx1GX Chinese-Backed Singapore Bourse Gets Regulator’s Nod Bloomberg News Venue would be third derivatives exchange in city state Asia Pacific Exchange Pte,…

Asia Pacific Financial News from John Lothian News – August 23, 2017 Standard

Lead Stories Category 10 Typhoon Hato slams into Hong Kong New Straits Times Typhoon Hato, a maximum category 10 storm, slammed into Hong Kong on Wednesday lashing the Asian financial hub with destructive winds and waves which uprooted trees, flooded streets and forced most businesses to close. https://goo.gl/MF9k4A Hong Kong Issues Highest Typhoon Warning as Trading Scrapped By Fion Li , Dominic Lau , and Wai Yi Shawna Kwan – Bloomberg Observatory raises No. 10 warning for first time since 2012; HKEX to scrap day’s trading if signal remains in force at noon A man tries to walk against the…

Asia Pacific Financial News from John Lothian News – August 22, 2017 Standard

Lead Stories Yellen risks exposing old vulnerabilities in emerging Asia Enda Curran, Jeanette Rodrigues and Karlis Salna – Bloomberg. The populist leaders of India, Indonesia and the Philippines won office with promises of massive spending to upgrade their nation’s roads, railways and ports. Doing so, the thinking goes, would supercharge economic growth and emulate China’s success. https://goo.gl/xfAEwc Institutional weaknesses risk instability in East Asia; As growth slows, governments must focus on building social cohesion Nikkei Developing East Asia has enjoyed more than 40 years of growth, except for a brief crisis at the end of the last century. But the…

Asia Pacific Financial News from John Lothian Newsletter – August 21, 2017 Standard

Lead Stories A Second Korean War Could Quickly Spread Across All of Asia By Brendan Scott and Adrian Leung – Bloomberg Northeast Asia’s geography reveals the peril of any strike; Great powers risk being drawn into escalating conflict A recent survey commissioned by the New York Times found that people who could find North Korea on a map were more likely to favor talks over military action. A glance at North Asia’s geography explains why. https://goo.gl/K2jCMK Global funds expanding into massive Chinese investment market Evelyn Cheng – CNBC UBS Wealth Management and Fidelity International are some of the major foreign…

Thesys vs. Goliath: That’s One Big CAT Standard

Small company wins big with opportunity to build the Consolidated Audit Trail covering U.S. equities and options. FINRA, FIS, Cinnober, Thomson Reuters – what do they have in common? They are just a few of the 30 bidders who lost out on developing the Consolidated Audit Trail (CAT) to Thesys Technologies LLC, a subsidiary of the proprietary trading firm Tradeworx, founded in 2009. To develop and implement the CAT, Thesys partnered with IBM (which was a bidder on its own, too), as well Rosenblatt Securities and law firm Latham & Watkins. “You had some big tech companies that really understand…

Asia Pacific Financial News from John Lothian News – August 18, 2017 Standard

Lead Stories Why China Can’t Free the Yuan;Capital controls have brought stability. But they haven’t fixed anything. By Christopher Balding – Bloomberg By some measures, China has braved the storms buffeting its currency. The yuan is up 4 percent so far this year, and foreign-exchange reserves are up by $70 billion. State media has even called for relaxing capital and exchange-rate controls. But that would be like a sick person who stops taking his medicine when he feels better: The underlying conditions haven’t really changed. https://goo.gl/qrbqix In a Good Year for Asia Currencies, Philippine Peso Is Unloved By Eric Lam…

Asia Pacific Financial News from John Lothian News – August 17, 2017 Standard

Lead Stories Australia follows Japan in move to regulate bitcoin; Control of digital currencies is part of drive to strengthen money-laundering rules Jamie Smyth in Sydney – FT Australia plans to strengthen its anti-money laundering laws and regulate digital currencies such as bitcoin in the wake of a financial scandal involving its biggest bank, Commonwealth Bank of Australia. https://goo.gl/eyBEba Monthly Report: Clearstream supports liberalization of the Chinese financial market; Opening of the Chinese market is progressing / Clearstream will support BondConnect’s initiative Frankfurt, Eschborn, September, October and November Deutsche Börse Recent announcements, according to which a selection of A-shares from…

Asia Pacific Financial News from John Lothian News – August 16, 2017 Standard

Lead Stories Now Asia eyes up City after Brexit despite EU attempts to snatch business; BREXIT will not diminish the opportunities for Asian investment in British financial services, the City of London Corporation has claimed. JON ROGERS – Express.co.uk In a policy document issued by the Asia team of the local authority that promotes the Square Mile the Corporation said it would aim to “focus on” building relationships with countries like China, India and Singapore in the coming year, wanting to create a bridge between London and Asia to discuss finance and services connections”. https://goo.gl/zm3PDm SingX expands online remittance service…

Alphabet Soup: The DAO, ETH, ICOs and the SEC Standard

By Jim Falvey Technology usually outpaces the law. It can take months, if not years, for legislators, regulators and courts to gain an understanding of technology and then to apply existing law to the new technology and/or create new laws for the technological developments. In the remarkable world of cryptocurrencies and distributed ledger technology (often referred to as “Blockchain”), we are seeing both occur. In May 2016, a virtual organization called The DAO, which stands for Decentralized Autonomous Organization, came onto the scene in the Ethereum world. For the uninitiated, the Ethereum Blockchain sponsors the second most significant virtual currency…