Category: Financial Services

SGX
August 19, 2022 BY Steffy Bogdanova

SGX Group sees FX revenue jump of 47% in FY22

Loh Boon Chye, Chief Executive Officer of SGX Group, said: Our record-high revenue was driven by higher derivatives volumes across equities, currencies and commodities, as our global customers increasingly used our multi-asset platform to navigate market uncertainties. Forex Performance The Singapore Exchange further revealed that with the recent acquisition of MaxxTrader, together with BidFX, OTC…

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August 18, 2022 BY Steffy Bogdanova

ASX net profit reaches $508.5 million in FY22

Total dividend (interim and final) reached 236.4 cents per share in FY22 and 90% payout ratio was maintained. Helen Lofthouse, ASX Managing Director and CEO, said: ASX continues to benefit from its diversified business model. We saw decade-high levels of listings activity, particularly in the first half, with 217 new listings in the period –…

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Eurex
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,…

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Broadridge
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…

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CySEC fine
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…

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Whistleblower
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…

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Euronext
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…

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Eurex
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…

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MOEX
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…

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CySEC fine
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…

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