Derivatives Market RUB 13.1 trillion (RUB 9.9 trillion for August 2020) are attributed to derivatives and market volumes, up by 32.3% MoM. Contracts were 187.2 million (RUB 144.8 million contracts for August 2020). Of these futures account for 182.6 million and options for 4.6 million. ADTV was RUB 593.2 billion, making a 25.78% MoM rise…
Read more
ANZ has admitted that it lacked any contractual entitlement to charge those fees. With these fee charges, ANZ contravened with the Australian Securities and Investments Commission Act (ASIC Act) and breached its general obligations. The court ordered the bank to pay a penalty in the amount of $10 million. ASIC Deputy Chair Daniel Crennan QC…
Read more
Divided by class of asset, equities generated around €129.8 billion. Trading ETFs/ETCs/ETNs earned €17 billion. The trading volume in bonds was €0.4 billion, in certificates €1.5 billion and in funds €0.2 billion. SAP SE achieved the highest volume from the DAX stock on Xetra in September with €6.3 billion. Siemens Healthineers AG led the MDAX…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
The CFTC imposed a $135,000 civil monetary penalty against Donino and suspended him from trading for three months. The US watchdog found FNY Partners Fund vicariously liable for Donino’s spoofing. The CFTC imposed a fine in the amount of $450,000 on the company. Division of Enforcement Director James McDonald commented: This enforcement action demonstrates the…
Read more
TMX will acquire the company for $165 million in total consideration, which includes $30 million of cash for regulatory and non-regulatory purposes, subject to customary closing conditions and working capital adjustments. AST Investor Services Inc. (Canada) and AST Trust Company (Canada)'s portfolio of products and services include transfer agency services, equity plan solutions, corporate trust,…
Read more