Category: Financial Services

Cboe
April 06, 2023 BY Steffy Bogdanova

Cboe FX sees spot FX ADV of $43.9 billion in Q1

Cboe European Derivatives Exchange (CEDX) in turn reported 6,574 contracts last month, surpassing the previous record of 3,824 contracts in January 2023. The company's pan-European clearing house, Cboe Clear Europe, cleared a record 8 million trades on Euronext's stock exchanges in Amsterdam, Brussels, Paris, Lisbon, and Milan under the preferred clearing model. Cboe FX According…

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April 05, 2023 BY Steffy Bogdanova

CME Group hits record high ADV in March and Q1

March Performance During last month, Interest Rate ADV increased 40% on yearly basis The Group saw record numbers of contracts traded in March with Secured Overnight Financing Rate (SOFR) futures reached a record ADV of 5,158,969 contracts on 9 March. The marketplace’s SOFR options ADV hit at a record 2,943,422 contracts on the same day.…

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Deutsche Börse
April 04, 2023 BY Steffy Bogdanova

Deutsche Börse’s cash markets turnover up nearly 24% in March

Trading volumes on Börse Frankfurt in March 2023 came in at €3.79 billion (February 2023: €2.93 billion). Last month, Equities on Deutsche Börse generated €116.44 billion and trading in ETFs/ETCs/ETNs accounted for €21.43 billion of the turnover. Bonds recorded €1.05 billion, certificates €1.24 billion and funds brought in €0.05 billion. Allianz SE was the DAX…

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Acquisition
April 04, 2023 BY Steffy Bogdanova

IG Group acquires the Small Exchange

IG Group’s acquisition of The Small Exchange will allow the Group to continue expanding its range of products and services in the US and to leverage the Small Exchange’s trading technology. Tom Sosnoff, Founder, tastylive, said: We’re excited to have had the opportunity to reacquire the Small Exchange. The future of market structure in the…

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March 28, 2023 BY Steffy Bogdanova

SimCorp partners with FlexTrade to expand order management system capabilities

Clients of both SimCorp and FlexTrade will have access to shared future roadmaps, which will enable them to request new features from the domain experts at FlexTrade. Zoe Sheehan, Vice President, Investments at SimCorp, highlighted the importance of accessing liquidity for traders, especially in volatile markets. Sheehan commented: By expanding our native interoperability with EMS…

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March 24, 2023 BY Steffy Bogdanova

ESMA fines S&P €1.11 million for premature release of credit ratings

ESMA found S&P Global Ratings Europe Limited guilty of three contraventions, which included internal control and transparency breaches. The financial market supervisor fined S&P €825,000, €210,000, and €75,000 for each of the violations, respectively. The credit agency can challenge the decision before the Board of Appeal of the European Supervisory Authorities. S&P Global Ratings is…

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OneCoin
March 22, 2023 BY Steffy Bogdanova

Crypto scam OneCoin’s head of compliance extradited and facing charges in the US

U.S. Attorney Damian Williams said: Irina Dilkinska, the supposed Head of Legal and Compliance for the OneCoin cryptocurrency pyramid scheme, accomplished the exact opposite of her job title and allegedly enabled OneCoin to launder millions of dollars of illegal proceeds through shell companies.  Dilkinska helped perpetuate a wide-ranging scheme with millions of victims and billions…

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