December 02, 2016 BY Valentina Kirilova

SIX Group reports 36.6% MoM rise in November's trading turnover

SIX Swiss Exchange and SIX Structured Products Exchange have just announced their November 2016 volumes. Here are some of the key figures: Trading turnover in November 2016 of CHF 125.8 billion (+36.6% month-on-month) Trading turnover in the first 11 months of the year: CHF 1,171.6 billion (-8.0% versus the same period in the previous year…

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sec building
December 02, 2016 BY Valentina Kirilova

SEC charges Onix Capital LLC and Manager

The Securities and Exchange Commission (SEC) announced fraud charges and an asset freeze against Miami Beach-based asset management company Onix Capital LLC and owner Alberto Chang-Rajii, a Chilean national who fled the U.S. earlier this year. The SEC alleges that Chang and Onix Capital defrauded investors in promissory notes that “guaranteed” annual returns of 12% to…

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December 02, 2016 BY Valentina Kirilova

FCA bans Chief Executive at TMI and fines him £233,600

The Financial Conduct Authority has published a Decision Notice in respect of Alistair Burns, Chief Executive at TailorMade Independent Limited (TMI). Mr Burns has referred this Decision Notice to the Upper Tribunal (the Tribunal) where he and the FCA will each present their case. The Decision Notice, which reflects the FCA’s view of what occurred…

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December 01, 2016 BY LeapRate Staff

PIMCO pays $18 million penalty to settle SEC charges it misled investors about ETF performance

The U.S. Securities and Exchange Commission (SEC) has announced that investment management firm Pacific Investment Management Company (PIMCO) agreed to retain an independent compliance consultant and pay nearly $20 million (including a penalty of more than $18 million) to settle charges that it misled investors about the performance of one its first actively managed exchange-traded…

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December 01, 2016 BY admin

CME Group's energy sector led by oil trading hits all-time daily high

Trading is heating up in oil as reported earlier from ICE, who also hit a new daily volume record led by crude futures, due to OPEC cuts. Likewise, yesterday CME Group (NASDAQ: CME), hit a record high in single-day Energy complex volume with 4,510,408 combined futures and options contracts traded on November 30, 2016, breaking…

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December 01, 2016 BY admin

With OPEC cutting, Crude Oil futures set new daily volume record

Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listing services, today announced that ICE Brent Crude futures achieved a daily volume record of 1,963,147 contracts on November 30, 2016. The catalyst for the big jump in volume and rise in oil prices yesterday was due in…

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amf
December 01, 2016 BY Valentina Kirilova

The AMF consults on the conditions for implementing redemption gates on open-end funds

The possibility of providing redemption gates, which is currently offered to funds of alternative funds, professional investment funds and real-estate collective investment undertakings, has been extended by a provision of the “Sapin II” bill. It is now up to the Autorité des marchés financiers (AMF) to determine the cases and conditions under which asset management…

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