If the firm fails to close out a failure to deliver, it is prohibited from accepting additional short sale orders in the security without first borrowing or arranging to borrow the security. According to FINRA, between 2009 and 2018, UBS failed to close in time around 5,300 for failure to deliver positions. Additionally, more than…
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Trading volumes on Börse Frankfurt in September came in at €2.51 billion (August: €2.58 billion). Equities on Deutsche Börse generated €92.71 billion in September 2022 and trading in ETFs/ETCs/ETNs accounted for €19.53 billion of the turnover. Bonds recorded €0.23 billion, certificates €1.11 billion and funds brought in €0.05 billion. VOLKSWAGEN AG was the DAX stock…
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The SFC alleges that the syndicate members organised and executed the schemes in the shares of two Hong Kong-listed companies through different social media platforms. They manipulated the trading of a large volume of those shares by using a substantial number of nominee accounts. The regulator stated: In implementing the schemes, the syndicate members were…
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Kentaro Okuda, Nomura Holdings, Inc., President and Group CEO, said: Staying at the forefront of digital innovation is a key priority for Nomura. This is why, alongside our efforts to diversify our business, we announced earlier this year that Nomura would be setting up a new subsidiary focused digital assets1. We look forward to sustainable…
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Instead of investing the funds he received from the pool participants, Caniff used the money to pay himself $1.2 million and Bos $1.1 million. Caniff sent false treading results to Bos who reported false profits and exaggerated pool values to the investors. The statement said: The order finds that Bos committed fraud by ignoring numerous…
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Additionally, CME Group reported that Open interest (OI) for CME Group FX futures and options also reached a record high. The platform recorded 3.3 million contracts on 8 September 2022. This was 17% higher year-on-year and reflects notional value of around $295 billion. Paul Houston, Global Head of FX Products, CME Group, said: Clients are…
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Additionally, Broadridge noted that the integrated solution allows NYFIX clients to route order flow to Coinbase Prime via FIX, an industry standard protocol. US domestic clients are already being offered the solution and the company said that additional regions will be added as regulations allow. Ray Tierney, President of Broadridge Trading and Connectivity Solutions, added:…
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Furthermore, SEC discovered that Loop Capital did not maintain a system reasonably designed to supervise its municipal securities activities. The regulator noted that its procedures were inadequate, using insufficient methods to identify potential violations of the municipal advisor registration rules. LeeAnn Ghazil Gaunt, Chief of the Enforcement Division’s Public Finance Abuse Unit, said: The municipal…
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Gurbir S. Grewal, Director of the SEC’s Division of Enforcement, said: I applaud the excellent work of the Division’s Public Finance Abuse Unit in bringing these first-ever actions in the $4 trillion municipal bond space. We encourage underwriters to examine their practices and to self-report any failures to us before we identify them ourselves. LeeAnn…
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SGX reported derivatives traded volume saw a marginal rise of 4% in August to 20.4 million contracts. Derivatives' daily average volume (DDAV) reached 921,170 contracts, registering a 2% increase compared to the same period last year. Securities growth Securities market turnover jumped to S$24.3 billion in August, a 35% rise compared to the previous month.…
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