Clearstream
July 11, 2022 BY Steffy Bogdanova

Clearstream launches new tools to predict settlement failures and to increase efficiency

According to the international central securities depository (ICSD), the enforcement of the Settlement Discipline Regime (SDR) has made the tools necessary as failed settlement transactions result in financial penalties, operational overheads and reputational damage Clearstream also noted that the interactive visualisation on the new Settlement Dashboard tool provides clients with multiple views, including a view…

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Finalto
July 11, 2022 BY Steffy Bogdanova

Gopher Investments finalises acquisition of Finalto

Teresa Teague, Director at Gopher, commented: Gopher is delighted to have completed the acquisition of Finalto. We have been impressed by the strength of Finalto’s business and management team and look forward to working closely with the team to accelerate Finalto’s ambition to become the global partner of choice in the financial trading sector. Meanwhile,…

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July 11, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar surges versus its peers

European Shares Global markets slid lower everywhere at the start of the new week, as appetite for riskier assets decreased and lingering dark clouds continue to overshadow market sentiment. While monetary tightening, inflation and the prospect of slower growth have been dampening the markets of late, today’s risk aversion came from China. Investors chose to…

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July 11, 2022 BY Steffy Bogdanova

ASX CFO Gillian Larkins steps down

Dominic Stevens, ASX’s Managing Director and CEO, commented: We thank Gill for her service. She leaves ASX with a strong Finance and Facilities team in place, which is well positioned to continue to deliver for our stakeholders. She will continue to guide ASX through the next two months of our year-end activities until her departure.…

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Cornerstone revenue
July 11, 2022 BY Steffy Bogdanova

Cornerstone FS sees strong revenue growth in H1 2022

Much of the gains were attributed to the Group’s Asia team that was brought on board in the second half of 2021. This change to majority direct revenue has had a positive impact on the Group’s gross margin. This is expected to rise 61% for the first half of 2022 from 38.1% for the same…

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CFTC fraud
July 08, 2022 BY Steffy Bogdanova

Commodity pool fraud operator to pay $13 million in a CFTC case

Additionally, Seibert told the investors that he would find the lending opportunities, conduct due diligence to confirm that the borrower was qualified, and handle the closing and servicing of the loan. Instead using the funds for loans, Seibert pooled and used most of the money to trade commodity interests in his personal trading account and…

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