Category: Financial Services

Paystone
July 27, 2021 BY Alan Sayer

$30 million investment secured by Paystone to accelerate growth

The tools that Paystone provides are also aimed towards businesses attempting to recover from any Covid-19 related issues. As contactless and online payment numbers have increased during the global pandemic, Paystone has attempted to provide businesses with the opportunity to continue trading by offering these services.  Paystone believes taking on this additional investment will enable…

Read more
Swiss Stock Exchange
July 23, 2021 BY Alan Sayer

SIX shows positive results for first half of 2021

SIX and BME both saw lower levels of securities traded during 2021, offset by positive growth in other areas of the company. The use of debit cards increased due to the situation that Covid-19 created. It meant that more online transactions were carried out than in previous years. However, ATM transactions fell as a result. …

Read more
Whistleblower
July 19, 2021 BY Steffy Bogdanova

Whistleblower receives more than $1 million from SEC

So far, the agency has awarded over $939 million to a total of 182 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…

Read more
SIX welcomes GlobalX as a new ETF issuer
July 16, 2021 BY Alan Sayer

SIX gets ETFs issued by Global X

The second fund that Global X has added is the Global X Telemedicine & Digital Health ETF. This fund is focused on the healthcare market. Telemedicine uses video conferencing to provide faster service to patients, and digital healthcare aims to improve the analytics behind the diagnosis.  Both of these funds have a large grounding in…

Read more
CME Group
July 12, 2021 BY Steffy Bogdanova

CME Group reports international ADV of 5.1 million contracts in Q2 2021

William Knottenbelt, Senior Managing Director and Head of International, CME Group, said: In the second quarter of this year, we saw strong interest across our international client base, especially in our Agricultural products which established record quarterly volumes. We are committed to continuing to provide a robust, liquid and regulated marketplace for clients to manage…

Read more
Cboe Global Markets
July 07, 2021 BY Alan Sayer

Cboe’s year-on-year ADV for June takes a jump

The June 2021 growth, when compared to June 2020, was in line for both the total volume growth and ADV growth. Increasing from 234,193,000 to 264,230,000 total contracts, this translates as a 12.8% increase. The ADV has increased from 10,645,000 to 12,010,000. As the number of trading days are the same for both, the percentage…

Read more
CFTC
July 02, 2021 BY Alan Sayer

CFTC announces six charges in commodities fraud case

The Acting Director of Enforcement, Vincent McGonagle commented: As today’s enforcement action shows, the CFTC will vigorously investigate and seek to hold accountable those who make false promises and misappropriate customer funds. The CTFC is seeking a number of charges to be filed against all six defendants. This includes restitution paid to victims, the return…

Read more
Robinhood
July 01, 2021 BY Alan Sayer

Robinhood breaks record for largest FINRA penalty with $70 million

One tragic impact of Robinhood’s failures was the suicide of a 20-year-old trader. FINRA noted that the trader had turned margin off on his Robinhood account, so was shocked to find margins had been used. On top of this, the Robinhood app showed a negative balance on his account, which wasn’t accurate. Robinhood’s behaviour directly…

Read more