Japanese online trading company Monex Group Inc. (TYO:8698) has reported its monthly business metrics for the month of March 2017, the decrease from previous months February and January continues. The number of Daily Average Revenue Trades (DARTs – the number of trades and transactions per day which generate revenue) was 257,717 - down 1.93% MoM.…
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The Market Misconduct Tribunal (MMT) today fined Mayer Holdings Limited and nine of its current and former senior executives a total of $10.2 million after they were found to have failed to disclose inside information as soon as reasonably practicable as required under the Securities and Futures Ordinance (SFO). The MMT also imposed disqualification orders…
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The following article was written by Natallia Hunik, Global Head of Sales at Advanced Markets. More than a few times over the past year, I have come across instances where companies have thought that they were paying for legitimate ASIC licenses when, in reality, that was not the case. There appears to be several “light fingered”…
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The Securities and Futures Commission (SFC) just announced that has reprimanded Guoyuan Securities Brokerage (Hong Kong) Limited and fined it $4.5 million for its failure to conduct proper enquiries and scrutiny to mitigate the risks of money laundering and terrorist financing when processing third party fund transfers for clients between September 2010 and July 2012.…
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Lykke, a Swiss Fintech company building a global blockchain-powered marketplace, announced that its open-source platform and apps can be integrated to existing products to accelerate performance. The Lykke Accelerator is an exciting step,” says Richard Olsen, founder and CEO of Lykke and former CEO of OANDA. “We’ve spent the last year building a world-class platform,…
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Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology solutions, announced today that Buckaroo, a payment solutions provider based in the Netherlands, has selected AML Risk Manager from Fiserv. AML Risk Manager is an anti-money laundering (AML) solution providing advanced customer risk profiling, risk scoring, transaction monitoring and know your customer (KYC) capabilities.…
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NEX Group plc (LON:NXG) just announced its March market volumes. US Treasury was up 11% YoY, respectively 1% MoM to $172.0 bln. Numbers in US Repo also climbed up last month to $225.2bln up 11% from February's $202.0bln. European Repo (in EUR billions) didn't make a lot difference from February, but was up 17% YoY…
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KfW expands its business relationship with Eurex Clearing AG, starting central clearing of its Euro denominated interest rate swaps via Eurex Clearing in Frankfurt. Central clearing of derivatives transactions significantly increases the safety and stability of the financial system. Central Counterparties calculate risks in real-time and demand adequate collat-eral. Moreover, they guarantee settlement of transactions.…
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The Securities and Exchange Commission (SEC) announced that Kara Novaco Brockmeyer, Chief of the Enforcement Division’s Foreign Corrupt Practices Act (FCPA) Unit, is planning to leave the agency later this month. Since 2011, Ms. Brockmeyer has led a national unit of 38 attorneys, accountants, and other specialists focusing on violations of the anti-bribery and accounting…
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The Canadian Securities Administrators (CSA) published for comment Proposed National Instrument 93-101 Derivatives: Business Conduct and a related proposed companion policy. The proposed instrument establishes an investor protection regime for over-the-counter (OTC) derivatives markets that is consistent with international standards and foreign requirements and is intended to create a uniform approach to derivatives business conduct…
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