ASIC
March 29, 2021 BY Steffy Bogdanova

ASIC’s CFD trading restrictions come into effect

The Australian regulator decided to strengthen its protection for retail clients after it found that CFDs trading may result in significant loss for retail clients. ASIC Commissioner Cathie Armour commented: We will closely monitor compliance with the product intervention order and won’t hesitate to take appropriate action to enforce the order. Commissioner Armour added: We…

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Eurex
March 26, 2021 BY Steffy Bogdanova

Eurex to expand Total Return Futures on STOXX indices

The additional STOXX TRFs are appealing to the banks because of their need to hedge their structured products with underlying equities. The advantage of Eurex’s Total Return Futures is that they synthetically replicate the returns of the underlying index equities without the need to own the shares. Randolf Roth, Member of the Executive Board at…

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Acquisition
March 26, 2021 BY Steffy Bogdanova

Euroclear acquires digital fund distribution platform MFEX

MFEX Group and Euroclear’s businesses compliment each other. Through the acquisition, Euroclear aims to create an efficient mechanism to access a broad network of end investors in a fragmented marketplace. Lieve Mostrey, Chief Executive Officer, Euroclear commented: We are delighted to sign this agreement to acquire MFEX Group. We expect MFEX’s broad fund distribution network,…

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March 26, 2021 BY Steffy Bogdanova

UK Court slaps 24HR Trading with £530K fine

FCA’s statement said: Unauthorised investment advice exposes consumers to the risk of substantial losses because the adviser has not met the FCA’s tests of competence and fitness; nor do consumers have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme if things go wrong. The court ordered Maricar to pay restitution in…

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Swiss Stock Exchange
March 26, 2021 BY Steffy Bogdanova

SIX and Swisscom join forces to increase hub compatibilities

The official press release from SIX stated: The medium-term goal is for Swisscom and SIX to further strengthen interoperability between their respective hubs. This will give banks and third-party providers easy and standardized access to an even broader network of potential partners from the financial industry and beyond. Both SIX and Swisscom have made an…

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