Between 2017 and 2022, the regulator claims Cantor submitted dozens of untimely or inaccurate filings to FINRA regarding its intent to engage in syndicate covering transactions and trading activities. According to FINRA, the firm violated several rules, including Regulation M Rule 104 and FINRA Rules 2010 and 5190, by failing to notify regulators in a…
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The new contracts give international institutional investors access to South Korea’s equity market, now accounting for 10.73% of the MSCI Emerging Markets Index and ranking as its fourth-largest country component. Eurex stated that it is now the only derivatives exchange outside Korea to offer access to a Korean equity index, aiming to improve margin efficiency…
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The cloud computing and connectivity provider for financial markets said that the wins included four- to five-year contracts and renewals with brokerage and fintech firms across the UAE and Europe. The deals are said to reflect “growing demand for Beeks' private cloud infrastructure” and are expected to contribute revenue across both FY25 and FY26. Beeks…
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The surge was fuelled by all-time highs in both the Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC) regions, reflecting rising global demand for risk management tools. EMEA ADV reached 6.7 million contracts, up 15% from Q2 last year. Growth was led by Equity Index contracts, which rose 43%, followed by Energy up…
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The exchange also recorded an average daily volume of 10 million contracts, around 6 million of which were commodity-related. ICE’s energy markets led the charge, with a record 673.4 million energy contracts traded. Oil futures and options accounted for 400.8 million contracts, while natural gas trading reached 250.8 million. Environmental markets also saw growth, hitting…
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The group is now evaluating the return of banking licences held by two of its key subsidiaries: Eurex Clearing AG and Clearstream Banking AG. The move comes after amendments to the European Central Bank’s Target guideline and changes to the Central Securities Depositories Regulation (CSDR Refit). Eurex Clearing, a major central counterparty (CCP) in the…
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The platform, scheduled to go live on 8 September 2025 pending regulatory approval, will operate within Cboe’s existing Lit order book. Cboe explained that retail investors using participating brokers will be able to execute trades at or better than the European Best Bid and Offer (EBBO) without incurring fees. The service will cover more than…
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The move is said to mark a significant step toward more customisable and efficient investment solutions for asset managers. The initiative involved tokenising euro- and Swiss franc-denominated corporate bonds held in custody at SIX SIS, before allocating fractional portions to portfolios managed by Pictet Asset Management. The assets were processed via the SDX platform, SIX’s…
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The penalty, reduced from over £30 million, follows an FCA investigation into serious weaknesses in Monzo’s financial crime controls in a period when the digital bank grew rapidly to serve more than 12 million customers. The FCA found that Monzo failed to verify customer addresses for most personal account holders, despite stating it only served…
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The violations are said to include failing to maintain the required net capital while conducting securities business. According to a Letter of Acceptance, Waiver, and Consent published by FINRA, the Colorado-based municipal bond dealer operated below its minimum capital requirements in March 2022, breaching the Securities Exchange Act and several FINRA rules. The regulator also…
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