Category: Financial Services

Nasdaq
November 12, 2018 BY Valentina Kirilova

Nasdaq selects new OMX Copenhagen benchmark portfolio

Nasdaq (Nasdaq:NDAQ) has just announced the results of the semi-annual review of the OMX Copenhagen Benchmark Index, (Nasdaq Copenhagen: OMXCB), which will become effective with the market open on Monday, December 3, 2018. Netcompany Group A/S (NETC), PARKEN Sport & Entertainment A/S (PARKEN) and Scandinavian Tobacco Group A/S (STG) will be added to the index.…

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asic afs license
November 12, 2018 BY Valentina Kirilova

ASIC cancels AGM Markets license

Australian regulator ASIC has informed that it has cancelled the Australian financial services (AFS) license of the retail OTC derivative issuer, AGM Markets. An ASIC investigation found AGM’s financial services business involved core elements of unconscionability and unmanaged conflicts of interest and followed a business model that disregarded key conduct requirements. Specifically, the AFS licence…

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DFSA
November 09, 2018 BY LeapRate Staff

Westpac pays AUD $3.3M fine for Bank Bill Swap Rate conduct

The Federal Court of Australia today has ordered Westpac Banking Corporation (Westpac) to pay a pecuniary penalty of $3.3 million for contravening s12CC of the Australian Securities and Investments Commission Act 2001 (Cth) (ASIC Act) through its involvement in setting BBSW in 2010. In reasons for making the pecuniary penalty order, Justice Beach noted the legislative constraint…

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Commerzbank office
November 09, 2018 BY LeapRate Staff

Commerzbank pays $12 million fine for Swap Dealing Violations

The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against Commerzbank AG (Commerzbank) for numerous violations of the Commodity Exchange Act (CEA) and CFTC Regulations, including failing to supervise its Swap Dealer’s activities for more than 5 years and making misleading statements and material omissions to the CFTC concerning its…

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ASIC office
November 08, 2018 BY Valentina Kirilova

Queensland liquidator committed on fraud charges

Mr David John Leigh, 56, of Sherwood, Queensland, has been committed by the Brisbane Magistrates’ Court on fraud charges and will be sentenced by the Brisbane District Court following an investigation by ASIC. ASIC alleges that between 25 July 2017 and 9 November 2017, Mr Leigh, as the co-liquidator of Neolido Holdings Pty Ltd (Neolido),…

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TMX Group
November 08, 2018 BY Valentina Kirilova

TMX Group announces October trading statistics, MX sets a new monthly volume record

TMX Group Limited has announced October 2018 trading statistics for its marketplaces – Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange (Alpha) and Montréal Exchange (MX). In October 2018, MX set a new overall monthly volume record with 10,933,209 contracts. A new Equity Options monthly volume record was also achieved with 3,077,922 contracts. Options…

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powernext pegas
November 08, 2018 BY Valentina Kirilova

Pegas launches PEG Spot contracts

Powernext has introduced new PEG Spot contracts on its trading platform PEGAS last week, to accompany the merger of the PEG Nord and TRS hubs, completed on 1st November 2018. PEG Futures products were already available since 28 September 2018 and successfully traded during the month of October. First PEG Spot instruments became tradable on…

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DFSA
November 08, 2018 BY Valentina Kirilova

Citibank to pay more than $38 million for improper handling of ADRs

The Securities and Exchange Commission (SEC) has just announced that Citibank N.A. has agreed to pay $38.7 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs – U.S. securities that represent foreign shares of a foreign company – require a corresponding number of foreign shares to be held in custody…

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