Category: Financial Services

ASIC
August 10, 2020 BY Steffy Bogdanova

ASIC bans Brisbane finance broker and cancels the license of Global Merces Funds Management

The ASIC also announced cancelling the Australian financial services (AFS) licence of Global Merces Funds Management Limited. The reason for the cancellation is that Global Merces is in liquidation. The license of the company was previously suspended after the company got external administrator appointed in January. Read More: Former CFS Private Wealth financial adviser sentenced…

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Eurex
August 10, 2020 BY Steffy Bogdanova

Eurex traded contracts for July drop 46% MoM to 60.3 million

Eurex Repo posted 8.7% MoM decline in GC Pooling, however Repo markets grew by 0.1% MoM. At the EEX, electricity went down 9.4% MoM for July 2020, gas dropped 12.3%, however emissions trading grew 21.3%. Jul-20 Jun-20 Change Financial derivatives: Traded contracts Eurex Exchange European equity index derivatives (million) 60.3 111.8 -46.06% European interest rate…

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Wirecard Card Solutions
August 07, 2020 BY Steffy Bogdanova

Singaporean exec charged over Wirecard scandal

Since the Wirecard scandal blew up six weeks ago, CEO Markus Braun and other executives have been arrested. The company’s second in command and believed to be the mastermind behind the scandal Jan Marsalek, however, is still missing. He was thought to be hiding in the Philippines until recently but was discovered that immigration data…

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Canadian regulator BCSC warns against Highgoldminings.com, Crypto Hallmark Investment and others
August 07, 2020 BY Steffy Bogdanova

Canadian regulator BCSC warns against GiroFX, TorexFX and others

Grand Trade Options (GTO) is allegedly located in Washington, DC and offers an automated platform for forex and cryptocurrency trading. It operates through website www.grandtradeoptions.com but it is not registered to trade in BC. CryptoBravos claims to be based in Chicago. The company offers an online cryptocurrency trading platform to trade and mine in cryptocurrency and operates through…

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Options expands into Singapore Exchange
August 06, 2020 BY Steffy Bogdanova

Options expands in Singapore with SGX

Options’ Managing Director for APAC Jun Ashida, said: As a managed colocation and private cloud service provider, our offering gives clients a fully compliant institutional infrastructure, integrated with industry-leading technologies. This allows us to connect clients to both Asian and Global financial hubs for a seamless trading experience. We have worked closely with MAS (The…

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Cboe Global Markets
August 06, 2020 BY Steffy Bogdanova

Cboe Futures ADV volumes down 22% MoM for July

Cboe’s July highlights include: Each of Cboe Global Markets’ four options exchanges posted gains in ADV from July 2019: Cboe Options up 12%, C2 up 13%, Cboe BZX up 66% and Cboe EDGX up 136%. ADV at Cboe BZX, EDGA and EDGX Equities Exchanges was up from July 2019: Cboe BZX up 58%, Cboe EDGA…

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CFTC penalty
August 05, 2020 BY Steffy Bogdanova

NYMEX and two former employees to pay $4 million for disclosing trading information

This is the first time the CFTC has charged and exchange with violations of these regulations and disclosure of material non-public information. Director of Enforcement James McDonald commented: Today’s settlement sends a strong message that the CFTC will work tirelessly to protect our market participants against unlawful disclosures of their confidential information to ensure that…

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