Eurex to start trading new FX Futures contracts in Emerging Markets currencies LeapRate

August 17, 2022 BY Steffy Bogdanova

Eurex to start trading new FX Futures contracts in Emerging Markets currencies

Eurex explained: Eurex FX Futures are similar to OTC FX Forwards but have significantly lower counterparty credit risk (CCR) because financial obligations are guaranteed by Eurex Clearing as the central counterparty (CCP). In addition, given the bilateral margin requirements in OTC trading under the Uncleared Margin Rules (UMR) or the revised capital requirements under SA-CCR,…

August 14, 2022 BY Steffy Bogdanova

Broadridge revenue jumps 14% in FY21 and 12% in Q4

Full year The total revenue during the financial year 2021 reached $5,709 million, 10% higher than 2020 when it was $4,994 million. The operating income stood at $760 million for the year, 12% higher than the previous year. The company also reported that the adjusted operating income was $1,006 million registering a 18% increase. Diluted…

August 11, 2022 BY Steffy Bogdanova

ICC Intercertus Capital pays €100K in settlement with CySEC

Specifically, the settlement concerns compliance with firm's marketing, distribution and sales of CFDs to retail clients. CySEC stated: Α settlement has been reached with the CIF ICC Intercertus Capital Limited for possible violation, for the period January 2020 until May 2021 of Article 42 of Regulation (EU) No 600/2014 on markets in financial instruments («the…

August 11, 2022 BY Steffy Bogdanova

Two whistleblowers receive over $16 million from SEC

The second whistleblower received over $3 million. They presented to the agency important new information during the course of the investigation. Creola Kelly, Chief of the SEC’s Office of the Whistleblower, said: The information and assistance provided by these two whistleblowers in helping to identify complex wrongdoing demonstrates the importance of the whistleblower program to…

August 10, 2022 BY Steffy Bogdanova

Euronext FX trading volumes fall 11.8% MoM in July

The average daily volume in FX for last month came in at $21.42 billion. Compared to June’s $23.19 billion this was a 7.6% MoM fall. Total Cash Market numbers stood at $206.88 during July 2022, dropping 15% compared to June 2022. Derivatives markets on Euronext also registered a decline last month with 12.94 million contracts…

August 04, 2022 BY Steffy Bogdanova

Eurex interest rate derivatives surge 31% YoY in July

Outstanding notional volumes in OTC clearing also witnessed strong growth with 32% YoY. The Overall outstanding volume reached €27,093 billion at the end of last month. Eurex also registered a surge in overnight index swaps of 120%. Interest rate swaps also spiked 28% in July. The official announcement also detailed that the average daily cleared…

August 03, 2022 BY Steffy Bogdanova

Moscow Exchange FX volumes fall nearly 33% YoY in July

The total trading volume on the Equity and Bond market also witnessed drops reaching RUB 1.50 trillion. The numbers were 2.5% lower than June 2022 when it was RUB 1.53 trillion. On yearly basis, this was a 60% drop. Trading volume in RDRs, shares, and investment fund units fell by 15.6% MoM to RUB 767.7…

August 02, 2022 BY Steffy Bogdanova

F1 Markets and Magnum FX pay €150K in settlement with CySEC

The regulatory concerns were related to the firm’s CIF license conditions, organizational requirements , conflict of interest, elements of remuneration and general principles and information to clients. CySEC’s settlement with Magnum FX came after an investigation, following an onsite inspection in the company regarding the period from January 2019 to July 2020. Similarly to F1…

August 02, 2022 BY Steffy Bogdanova

SEC issues charges on 11 people in a $300 million crypto pyramid scheme

Furthermore, SEC alleges that cease-and-desist actions by the Securities and Exchange Commission of the Philippines in September 2020 and by the Montana Commissioner of Securities and Insurance in March 2021 did not stop Forsage from operating and the defendants continued to promote the scheme while denying the claims in several YouTube videos. Carolyn Welshhans, Acting…

United Fintech announces new office in Madrid

August 02, 2022 BY Steffy Bogdanova

United Fintech opens a developer hub in Madrid

Erik Nordahl, CTO, United Fintech added: Our expansion in Madrid is a great strategic move, enabling us to continue to access top technology talent for our own initiatives, client projects, and to help scale our portfolio companies. The impact of our global sales force is resulting in increased activity for our portfolio companies and the…

Category: Financial Services