Prior to CLSA Securities, Gang was head of M&A and General Industrials at ICBC International. He has also held senior positions at Royal Bank of Scotland, HSBC and Merrill Lynch in Hong Kong and London. His investment banking career started at Goldman Sachs. Company Chairman Mike McTighe said: Following an extensive, externally facilitated search I…
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Interest Rate Futures contracts The trading volume of Three-month Euroyen futures was 14,635 (+48.4% MoM / -80.4% YoY) and its average daily volume was 732. Items Sep 2020 Trading Volume Daily Average Change on Previous Month Year on Year Change Total of Interest Rate Futures contracts 14,635 732 48.4% -80.4% Three-month Euroyen futures 14,635 732…
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The US watchdog stated that as a result, Morgan Stanley should have netted the long and short positions of both units together or across the entire broker-dealer and marked the orders as long or short based on that netting. The SEC considers that the failure to do that resulted in Morgan Stanley improperly made certain…
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The SFC found that the failures committed by CCBIC and BIAL, as the sole sponsor in the listing applications of Fujian Dongya Aquatic Products Co., Ltd. (Fujian Dongya) and China Huinong Capital Group Company Limited (China Huinong) respectively, were attributable to the neglect on the part of Lai. Lai, who was a Managing Director of…
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Wirecard SG has informed MAS that it is unable to continue providing payment processing services to a significant number of merchants, therefore the Singaporean watch dog has assessed that it is better for Wirecard SG to cease its payments services and promptly return all customers’ funds. With the cessation of Wirecard SG’s payments services in…
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Brokers signing up to itexsys’ MT4 White Label through Your Bourse will have access to the full Your Bourse technology package, which includes a bridge, matching engine and liquidity aggregator, real-time and historic reporting tools and data warehousing functionality. As Your Bourse’s package evolves, all clients will be given access to the new tools within…
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GOLD As we suggested in recent comments, gold was just waiting for a slowdown of the strength of the greenback to rebound to $1,900. The main scenario will remain positive for bullion for as long as central banks are still forced to print fresh money. Despite this, after the recovery of the last few days,…
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Tai currently serves as Co-President and Chief Operating Officer of HKEX and will continue in these roles along with his new appointment as Interim Chief Executive. Tai joined the Group in 1998 and has accumulated extensive experience and knowledge of the company. Calvin Tai, HKEX Co-President and COO, said: I am delighted to have been…
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According to the regulator's order, from 2014 to 2016, the company failed to supervise accounts by not following its policy regarding trade move requests and having inadequate policies and procedures for reviewing customer accounts, introduced by Foremost Trading LLC and traded by the company’s principal, Mark Miller.. Gain also failed to ensure that its employees…
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According to the regulator, Moore breached a contractual agreement between BGC and a referring broker by: charging unpermitted spreads on transactions entered on behalf of a number of accounts of clients referred to BGC by the referring broker; and trading at prices other than the agreed independent valuation on transactions entered on behalf of a…
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