Category: Financial Services

ASIC
January 18, 2022 BY Steffy Bogdanova

BGC Partners pays $110K infringement penalty

The Panel also pointed out that BGC Partners’ failure appeared to be the result of unintentional operator error. It concluded that it is likely this error could have been avoided if BGC Partners had updated its systems to incorporate enhanced technological safeguards. The official statement said: Although enhanced technological safeguards may not be required where…

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Acquisition
January 12, 2022 BY Steffy Bogdanova

United Fintech buys a 25% stake in Athena Systems

He commented: From early conversations with founders Luis Otero, Steano Guarnieri and Scott Sykowski, key staff as well as core clients, it was clear to us that Athena Systems has amazing technology, world class people and in-depth technical understanding of their customers’ needs. Making Athena part of United Fintech felt like a great match from…

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Whistleblower
January 07, 2022 BY Steffy Bogdanova

Whistleblower receives more than $13 million from SEC

So far, the agency has awarded over $1.2 billion to a total of 238 individuals since the first award was issued in 2012. Payment of the awards is taken out of an investor protection fund set up by Congress. It is financed through monetary sanctions of security law violations paid to SEC. To be eligible…

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January 06, 2022 BY Steffy Bogdanova

CME Group reports record ADV in 2021

The highlights from the fourth quarter include: Interest Rate ADV rose 56% to 9.8 million contracts. Energy ADV touched 2.3 million contracts, up by 16%. Equity Index ADV went up by 15% to 6 million contracts. Options ADV surged 58% to 3.7 million contracts. Micro Bitcoin futures ADV also reached record highs of 24,534 contracts.…

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Cboe Global Markets
January 06, 2022 BY Steffy Bogdanova

Cboe Global Markets sees record options volume in 2021

Global FX Cboe FX spot market share was up 16.7% last year. The increase in 2021 was the fifth consecutive year of market share growth for the market operator. Cboe Global Markets highlighted: NDF trading volumes on Cboe SEF increased 4x from 2020, capped by ADNV of $725 million for fourth-quarter 2021. Equities US and…

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Acquisition
January 05, 2022 BY Steffy Bogdanova

Redline Trading Solutions acquired by Pico

With steady investments in the software solutions provider, Redline’s service offering will be become fully and globally comprehensive. This will allow the company to deliver real-time and historical normalized financial market data including consolidated, delayed or end-of-day formats through wire protocol or API, available in available in Pico’s financial cloud. Pico’s clients will be able…

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December 30, 2021 BY Steffy Bogdanova

24option.com operator hit with a €15K fine by Dutch AFM

The administrative five was also imposed on Rodeler Ltd as the AFM found the firm directed Rodeler NL in the violation. The AFM highlighted that such violations can result in a fine of up to €2 million. However, in its decision to impose a €15,000 fine, AFM took into consideration the limited financial strength of…

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