Hong Kong regulator SFC
March 06, 2023 BY Steffy Bogdanova

SFC bans former Citigroup Global Markets Asia officer for 10 years

When a trader told a client that CGMAL advertised facilitation flow using "Natural" IOIs, Shaw instructed the trader to deceive clients about the source of liquidity behind such IOIs. Furthermore, he misrepresented the client to maintain the falsehood created by the mislabeled IOI. Since at least 2015, Shaw has provided inaccurate information to clients or…

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Saxo Bank
March 03, 2023 BY Steffy Bogdanova

Saxo Bank’s FX volume falls 4% MoM in February

The average daily volume (ADV) in forex instruments stood at $5.5 billion. The figure grew 5.8% on monthly basis but was 1.8% lower than the previous year, The brokerage firm reported that demand in Equities also fell. The volume in February was $208 billion, falling 5.3% compared to January. On yearly basis, the asset class…

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HKEX
March 03, 2023 BY Steffy Bogdanova

HKEX to open a London office in first half of 2023

The announcement also detailed that leading the new office will be Raymond Wong, Head of EMEA Business Development, who will report to Kevin Rideout, HKEX Co-Head of Sales and Marketing. HKEX Chief Executive Officer, Nicolas Aguzin, said: We are delighted to be opening HKEX’s first European office in London, one of the world’s most dynamic…

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Wout Kalis joins Broadridge as APAC Head of Asset Management Solutions
March 03, 2023 BY Steffy Bogdanova

Broadridge hires Wout Kalis as APAC Head of Asset Management Solutions

Wout Kalis commented: I am excited to join Broadridge to help our clients digitize their operations and drive the next phase of Broadridge’s business growth in Asia Pacific. APAC’s asset management industry growth is outpacing other regions across alternative and traditional sectors. Growth across private markets, hedge funds and family offices in particular makes this…

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MOEX
March 03, 2023 BY Steffy Bogdanova

Moscow Exchange FX volumes fall 45% YoY in February 2023

The total trading volume on the Equity and Bond market also witnessed drops reaching RUB 2.49 trillion. The numbers were almost 56% lower than February 2022. Compared to last month, there was a 55.5% uptick. Trading volume in RDRs, shares, and investment fund units stood at RUB 1.06 trillion, with a 77% YoY decrease. Demand…

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Market Analysis
March 02, 2023 BY Steffy Bogdanova

Technical Analysis: Crude oil rebounds higher this week

Gold The performance of Gold is mostly associated with the strength of the US dollar and yields of long-term bonds in both the US and other major economies. Strong labor market in January and stronger than expected CPI print had boosted the US dollar as bond yields started to grow again. That pressured Gold, driving…

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LSEG, London Stock Exchange
March 02, 2023 BY Steffy Bogdanova

LSEG’s total income up 18.5% to £7.7 billion in 2022

The Group’s operating profit for 2022 came in at £1.4 billion, jumping 33.1% from the previous year. The stock exchange reported pre-tax profit of £1.2 billion, up by 38.8%. Basic earnings per share for the period surged 65.3%. LSEG ended the year with adjusted EBITDA at £3.5 billion, 19.6% higher than 2021 and with unchanged…

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