CME Group, the global derivatives exchange, and marketplace, today announced it has cleared two new swap currencies: the Indian Rupee (INR) Overnight Index Swaps (OIS) and Korean Won (KRW) Interest Rate Swaps (IRS). With these two new additional currencies, CME Group now offers 21 clearable OTC IRS currencies. Sean Tully, Senior Managing Director of Financial…
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The Australian Securities and Investment Commission (ASIC) has banned Perth financial adviser Jason Sean Atkins from providing financial services for a period of three years. ASIC found that Mr Atkins provided advice to clients to establish a self–managed superannuation fund (SMSF) and use limited recourse borrowing arrangements to fund the purchase of real property that…
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Due to the ongoing low interest-rate policy and changes to regulatory and technological framework conditions, the bond market is characterised by decreasing liquidity and increasing fragmentation. This adds complexity to the price discovery and hence price and trading quality. Nevertheless, debt instrument investors expect attractive and tradable prices – without restrictions of the product universe…
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The World Federation of Exchanges (WFE), which represents more than 200 market infrastructure providers including exchanges and CCPs, today jointly published a report with the Milken Institute on Small and Medium-sized Enterprises (SMEs) and SME exchanges. The report consolidates results from initial independent research from the WFE and the Milken Institute published earlier this year.…
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The Cyprus Securities and Exchange Commission (CySEC) announced that has recently signed a bilateral Memorandum of Understanding and Cooperation (MoU) with the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi. The MoU was signed by Mr Richard Teng, Chief Executive Officer of the FSRA of…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Stenham Investment Funds plc. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their…
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The National Commission for Companies and the Stock Exchange (Commissione Nazionale per le Società e la Borsa – CONSOB) has reported that the company B4Markets Ltd is not authorised to provide investment services and activities in Italy by any means and, therefore, including through the website www.b4markets.com. The CONSOB is the public authority responsible for…
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The Irish Stock Exchange (ISE) announced that has gone live with Deutsche Börse’s new T7 trading platform for the Irish equity market. This new platform further enhances the performance and capacity of the ISE’s equity market offering. T7 delivers synergies, which make it even easier and reduces cost for international trading firms to connect and…
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The World Federation of Exchanges (WFE), which represents more than 200 market infrastructure providers including exchanges and CCPs, has today responded to the UK Financial Conduct Authority's (FCA) Discussion Paper on Distributed Ledger Technologies (DLT). The response summarised the WFE's position on the issue of DLT: The WFE is encouraged by regulators such as the…
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The Federal Reserve Board yesterday announced that it will fine BNP Paribas S.A. and its U.S. subsidiaries $246 million for the firm's unsafe and unsound practices in the Forex markets. This follows the massive fine at the New York state level in May when the New York Department of Financial Services (NYDFS) fined the bank…
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