Category: Financial Services

Swiss Stock Exchange
July 21, 2023 BY Steffy Bogdanova

SIX reports 2.6% rise in operating income to CHF 771.1 million in H1 2023

Operating result before interest, tax, depreciation and amortization (EBITDA) came in at CHF 225.6 million, up by 5.6% compared to the first half of 2022. Earnings before interest and tax (EBIT) for the period consequently fell by 17.4% to CHF 133.3 million. The Switzerland-based exchange remains positive given its results achieved in a "challenging market environment, dominated…

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ASIC ban
July 06, 2023 BY Steffy Bogdanova

Australian broker Openmarkets pays $4.5 million penalty

On 2,011 instances, this Openmarkets client executed bid-and-ask orders simultaneously for the same security at the same price. The ASIC stated that the broker should possess a suitable system to detect the possibility of these orders being placed with the intention of manipulating trading prices or creating a deceptive impression of active trading. Curiously, the…

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June 28, 2023 BY Steffy Bogdanova

LiquidityBook establishes integration with ICE ETF Hub to streamline ETF primary market and portfolio management processes

Peter Borstelmann, President of ICE Bonds, said: By modernizing and bringing new efficiencies to the creation and redemption process, the ICE ETF Hub offers a powerful platform for accessing the ETF primary market. Connecting with LiquidityBook’s LBX OEMS gives institutional investors seamless access to our workflow over a highly scalable trade management platform, and it…

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FINRA
June 26, 2023 BY Steffy Bogdanova

FINRA imposes a $900k fine on Credit Suisse's US business arm

FINRA stated: The firm’s late and inaccurate TRACE reports violated FINRA Rules 6730 and 2010. In addition, the company failed to provide notifications for approximately 190 new issue offerings in TRACE-reportable securities. Moreover, Credit Suisse's supervisory system, designed to ensure the accuracy and timeliness of TRACE reporting, was found to be unreasonable by the self-regulatory…

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Euronext
June 26, 2023 BY Steffy Bogdanova

Euronext sells its stake in LCH SA for €111 million

Euronext also emphasized that its holdings in LCH SA were recorded at a carrying amount of €70.6 million as of the conclusion of 2022. The exchange group completed the acquisition of LCH SA in December 2017 through a share swap arrangement, wherein Euronext exchanged its 2.3% stake in LCH Group for an 11.1 percent stake…

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June 20, 2023 BY Steffy Bogdanova

CySEC fines 101investing.com operator €50K

The regulator said: The Company did not apply adequate and appropriate policies, controls, and procedures, so as to mitigate and manage the risks of money laundering and terrorist financing effectively, in relation to the detailed examination of each transaction which by its nature may be considered to be particularly vulnerable to be associated with money…

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