Category: Financial Services

Whistleblower
May 10, 2023 BY Steffy Bogdanova

SEC gives $279 million to whistleblower in the largest-ever award

Gurbir S. Grewal, Director of the SEC’s Division of Enforcement, said: The size of today’s award – the highest in our program’s history – not only incentivizes whistleblowers to come forward with accurate information about potential securities law violations, but also reflects the tremendous success of our whistleblower program. This success directly benefits investors, as…

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Euronext
May 10, 2023 BY Steffy Bogdanova

Euronext FX spot trading volume falls 24% in April

The average daily volume in FX for last month came in at $19.7 billion. Compared to March’s $22.6 billion, this was also a 13.1% MoM decrease. Total Cash Market numbers in April stood at $185.2 billion, down by 36% MoM compared to previous month. On yearly basis, the exchange saw a 18% decrease. Derivatives markets…

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Equinix expands footprint in India with a fourth data centre
May 04, 2023 BY Steffy Bogdanova

Equinix report $2 billion in revenue in Q1

Operating income for Q1 reached $384 million, registering a 36% increase compared to the second fourth quarter of last year. Charles Meyers, President and CEO, : We had a strong start to the year, delivering nearly $2 billion of revenue for the quarter, as our outlook remains positive with the overall demand for digital transformation…

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Cboe
April 24, 2023 BY Steffy Bogdanova

Cboe Global Markets introduces 1-day volatility index

Ed Tilly, Chairman of the Board and CEO of Cboe Global Markets, said: We are committed to continuing to innovate in the volatility space and we believe the VIX1D Index will be a complementary addition for market participants seeking to better understand current equity market volatility or as they employ different trading strategies. The development…

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CFTC
April 24, 2023 BY Steffy Bogdanova

CFTC charges 14 FX dealer firms for fraudulent registrations claims

The US regulator seeks a cease-and-desist order against the firms from violations of the Commodity Exchange Act (CEA) and CFTC regulations. CFTC’s complaint detailed that these entities have claimed to be registered FCMs and RFEDs and members of NFA since January 2023. Twelve of the companies claim to have an identical NFA identification number and…

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Australia
April 17, 2023 BY Steffy Bogdanova

Sophisticated scams on the rise: Australians lose record AU$1.5 billion to investment scams in 2022

She said: As scammers become increasingly sophisticated in their tactics, it is clear a coordinated response across government, law enforcement, and the private sector is essential to combat scams more effectively. The number of scam reports received by Scamwatch reduced by 16.5% last year to 239,237, while the financial losses increased by 76% to over…

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