CME Group sees record 7.56 million SOFR futures and options contracts on 12 January LeapRate

January 16, 2023 BY Steffy Bogdanova

CME Group sees record 7.56 million SOFR futures and options contracts on 12 January

Additionally, the derivatives marketplace operator also reported that average daily volume (ADV) of SOFR futures and options traded reached 4.7 million contracts in the first two weeks of January. CME Group stated in the official press release: Month-to-date January 2023 SOFR futures ADV is equivalent to 572% of Eurodollar futures ADV and SOFR options ADV…

January 11, 2023 BY Steffy Bogdanova

Cornerstone FS forecasts 109% revenue growth in 2022

The London-listed company highlighted that the strong performance was a result of a solid trading momentum throughout 2022 across all divisions of the Group. Cornerstone FS further revealed that around 78% of its total yearly revenue came from clients it serves directly, compared to 56% during the prior year. Additionally, the gross margin is expected…

January 10, 2023 BY Steffy Bogdanova

FCA fines Guaranty Trust Bank (UK) £7.6 million for AML failures

In the beginning of 2018, GT Bank stopped taking on new customers. Given the FCA’s concerns, the bank agreed to wider voluntary restrictions on business later the same year. These additional requirements remained in place until mid-2021. They were lifted then GT Bank remediation plan, which was checked by an independent third party. The FCA…

January 09, 2023 BY Steffy Bogdanova

Broadridge partners with Glue42 to offer integrated framework linking user interface across products

Ray Tierney, President of Broadridge Trading and Connectivity Solutions, said Using Glue42’s technology we are providing clients with a better and more seamless user experience, creating one interface for traders to access unique functionality from multiple Broadridge solutions. This new single login provides interoperability, access to the best components from multiple solutions making the trading…

January 09, 2023 BY Steffy Bogdanova

Euronext’s FX trading volumes fall 15%MoM in December 2022

On yearly basis, the number were 3.1% lower than December 2021 when the exchange posted $407.3 billion. The average daily volume in FX for last month came in at $17.9 billion. Compared to November’s $21.1 billion, this was also a 14.9% MoM decrease. Total Cash Market numbers in November stood at $198.7 million, dropping 17%…

January 06, 2023 BY Steffy Bogdanova

SIX exchange fines Swissquote CHF 75K for breach of ad hoc publicity laws

SIX Exchange Regulation AG (SER), one of SIX trading venues’ regulating bodies., opened an investigation into the publication on 2 June 2022. The decision to sanction Swissquote was made on 29 November and a fine was imposed in the amount of CHF 75,000. SIX stated: Mainly due to a technical issue and human error, the…

January 06, 2023 BY Steffy Bogdanova

Eurex sees a 15% increase in traded derivatives contracts in 2022

Notional outstanding volumes in OTC clearing also witnessed strong growth with 30% YoY. The Overall outstanding volume reached €26,186 billion at the end of last month. On monthly basis, there was a 4.2% decrease from €27,344. The official announcement also detailed that the average daily cleared volumes jumped by 52% during last month, compared to…

January 06, 2023 BY Steffy Bogdanova

Cboe Global Markets options volume reach 3.4 billion contracts in 2022

The markets operator added that Mini-S&P 500 Index (XSP) options surpassed 1.4 million contracts in December and ADV reached 68,000 contracts, the highest month since February 2020. Global FX Spot average daily net volume (ADNV) stood at $40.0 billion, setting a new record. Spot Full Amount ADNV registered $12.3 billion and non-deliverable forwards (NDF) ADNV…

January 05, 2023 BY Steffy Bogdanova

MOEX sees a 17% fall in FX volumes in 2022

The swap and forward trades saw the biggest hit reaching RUB 167.5 trillion, which is a 25.4% fall compared to the previous year. Spot trading volumes, however, registered a 5.5% uptick to RUB 100.4 trillion. Equities, bonds and derivatives markets on MOEX also declined last year. The total trading volume on the Equity and Bond…

January 05, 2023 BY Steffy Bogdanova

SEC charges CoinDeal Crypto Scheme creator in a $45 million fraud

According to SEC, CoinDeal was never sold and no distributions were made to its investors. Furthermore, the defendants misappropriated millions of dollars of investor funds for personal use. Chandran even used the investment funds t buy cars, real estate, and a boat. Daniel Gregus, Director of the SEC’s Chicago Regional Office, said: We allege the…

Category: Financial Services