XAUUSD fell to 4th position from its number one traded instrument in March, due to disruption of the supply chain of the physical commodity. Trading volume in Spot Gold dropped more than 60% MoM to $88.74 billion. EURUSD amounted to 17.92% of all volume in April and major US indices picked up in volumes due…
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The Commission alleged that the defendants created fraudulent marketing materials promising monumental profits with no risk of loss and distributed them via email spam and by making online videos. CFTC alleges that the scheme continued from at least October 2013 through August 2018. As a result of the fraudulent marketing campaign, more than 59,000 customers…
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The Commission also found that on 8 February 2018, Khorrami placed simultaneous buy and sell orders in six different CME futures contracts. After being unable to fill the orders, Khorrami repeatedly modified them until the bid and offer price matched, resulting in a series of pre-arranged cross trades in contracts for crude oil, British Pound,…
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The company also failed to ensure that that the investment advice provided to its clients was suitable to their circumstances. MICBC neglected to conduct product due diligence, identify funds which constituted derivative products and ensure relevant factors were taken into account before assigning risk ratings to funds. In its decision, SFC took into account that…
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The average daily trading volumes were $20.2 billion in April 2020, registering decline of -45.2% MoM from $37 billion in the month prior. On YoY basis, there was a 26.6% increase from $16 billion for April last year. Cash market monthly activity details can be seen in the tables below: Apr-20 Mar-20 Apr-19 YTD 2020 YTD…
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Philippe Ghanem said: This is the optimum time to relaunch SquaredFinancial, as the world faces an unprecedented crisis and needs innovation and change to move forward. We are developing a fintech based financial services company which combines the best technology with the best people to deliver for a new generation of clients. Investors today want…
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Eurex Repo posted double-digit growth for GC Pooling – up by 33% MoM and Repo markets increased by 6.4% At the EEX, electricity volumes fell by 2.5% MoM for April 2020, gas was down by 22% and emissions trading declined by 27.5%. Apr 20 Mar 20 Change Financial derivatives: Traded contracts Eurex Exchange European equity…
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ASIC reported an increase in retail activity across the securities market during the Covid-19 period. The Commission’s market analysis shows the turbulent environment of the market increases the risk of loses, especially for retail investors. ASIC has found that some retail investors engage in short term trading strategies unsuccessfully attempting to time price trends. When choosing…
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Derivatives Market RUB 10.4 trillion (RUB 15.6 trillion for March 2020) are attributed to derivatives and market volumes, marking a 33% decline. Futures contracts account for 223.8 million, down 18% MoM ( 273.2 million for March 2020) and options for 4.1 million. ADTV was RUB 472.5 billion, registering a 36.6% MoM decrease (RUB 744.7 billion…
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Li started as an oilfield worker in north-eastern China, worked as a journalist and banker before heading Hong Kong stock exchange. The company has formed a selection committee comprised of HKEX Chairman Laura M Cha as head and HKEX Directors Apurv Bagri, Benjamin Hung and Rafael Gil-Tienda to conduct a formal search process. Laura M…
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