So far, the agency has awarded over $1.2 billion to a total of 238 individuals since the first award was issued in 2012. Payment of the awards is taken out of an investor protection fund set up by Congress. It is financed through monetary sanctions of security law violations paid to SEC. To be eligible…
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Action for the joint venture In order to expand its banking business in the second largest economy worldwide, China, HSBC will bid for the entire 39% stake in the joint venture. The action, due to expire on 21 January, follows HSBC regulatory approval in China to take full ownership of its life insurance joint venture…
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The highlights from the fourth quarter include: Interest Rate ADV rose 56% to 9.8 million contracts. Energy ADV touched 2.3 million contracts, up by 16%. Equity Index ADV went up by 15% to 6 million contracts. Options ADV surged 58% to 3.7 million contracts. Micro Bitcoin futures ADV also reached record highs of 24,534 contracts.…
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Global FX Cboe FX spot market share was up 16.7% last year. The increase in 2021 was the fifth consecutive year of market share growth for the market operator. Cboe Global Markets highlighted: NDF trading volumes on Cboe SEF increased 4x from 2020, capped by ADNV of $725 million for fourth-quarter 2021. Equities US and…
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With steady investments in the software solutions provider, Redline’s service offering will be become fully and globally comprehensive. This will allow the company to deliver real-time and historical normalized financial market data including consolidated, delayed or end-of-day formats through wire protocol or API, available in available in Pico’s financial cloud. Pico’s clients will be able…
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FX business The London Stock Exchange pointed out the actions it has taken to advance its part in the international FX ecosystem. The company stated: In May, we announced the further investment to accelerate our development of future capabilities and we launched Workspace for FX Trading in November, which will enable our 16,000-user community to…
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The administrative five was also imposed on Rodeler Ltd as the AFM found the firm directed Rodeler NL in the violation. The AFM highlighted that such violations can result in a fine of up to €2 million. However, in its decision to impose a €15,000 fine, AFM took into consideration the limited financial strength of…
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BaFin stated: It requires contributors to have in place effective systems and controls. Contributors are natural or legal persons who contribute data for determining benchmarks. In the European Union, the Euro Interbank Offered Rate (EURIBOR) is used as benchmark, for example. Breaches of the Benchmarks Regulation can result in a fine which can reach up…
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Background According to the regulator’s complaint, from 2012 to 2018, WorldWideMarkets, along with TAB Networks who performed all of its business activities, participated in forex transactions with 14,000 retail customers. During this period, the companies operated out of New Jersey. However, the CFTC discovered that Plaut organized WorldWideMarkets in the British Virgin Islands in order…
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Charges According to the financial markets watchdog, Bansal and Agarwal engaged in the fraudulent activities for accounts held by Aralia and Vintage. Around 14 April 2020, Bansal led Agarwal to enter orders for Vintage to sell 250 gold futures contracts traded on COMEX at a specific time. Agarwal entered those orders and Bansal entered off-setting…
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