Category: Financial Services

CySEC fine
August 16, 2021 BY Steffy Bogdanova

CySEC fines London Capital Group Cyprus €40K

CySEC stated: The Board of the Cyprus Securities and Exchange Commission (CySEC) wishes to  inform the public that, at its meeting held on the 5th April 2021, decided to impose an administrative fine of €40.000 to CIF London Capital Group (Cyprus) Ltd (the ‘Company’) for non-compliance with article 16(2) of Regulation (EU) 596/2014 on market…

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HKEX
August 11, 2021 BY Alan Sayer

HKEX posts record half-yearly profits of HK$6.6 billion

Despite seeing a rise in revenue of 24%, expenses have only increased by 9%. It means that a large portion of the revenue increase can go towards profits. Expenses sat at HK$2 billion for the first half of 2020 and only increased to HK$2.2 billion for the first half of 2021.  This helped to create…

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Cboe Global Markets
August 05, 2021 BY Steffy Bogdanova

Cboe Global Markets sees a 23% MoM rise in Futures ADV in July

Cboe added: Total volume in Russell 2000 Index (RUT) options reached nearly 1.2 million contracts traded in July, with 56,054 contracts traded on average per day – the highest month on record since October 2018. According to the trading update, S&P 500 Index (SPX) options had highest monthly average daily volume for the year. It…

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CME Group
August 04, 2021 BY Alan Sayer

CME Group reports a 25%YoY increase in July ADV

However, in terms of percentage growth there was a slight change in the top 3 metrics. Interest rates saw a 96% growth, options saw a 55% and energy - a 23%. Individual futures within the interest rates saw large increases which helped to create the overall high increase in ADV. SOFR futures specifically jumped 221%.…

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Acquisition
August 03, 2021 BY Alan Sayer

ID verification firm GetID acquired by Checkin.com

The acquisition is all part of the growth strategy that Checkin.com has in place. By acquiring companies that can enhance its service or work in tandem with the service, it hopes to improve the quality of what it offers to customers. This is an attempt to increase revenue and hopefully increase the size of its…

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Whistleblower
August 03, 2021 BY Steffy Bogdanova

Whistleblowers receive more than $4 million from SEC

Emily Pasquinelli, Acting Chief of the SEC’s Office of the Whistleblower said: Today's awards underscore the important role that whistleblowers play in detecting and halting securities laws violations. Each of the whistleblowers provided high-quality information that made an important contribution to the success of the underlying enforcement action. So far, the agency has awarded over…

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Cboe Global Markets
August 02, 2021 BY Steffy Bogdanova

Cboe Markets sees net revenue of $351 million in Q2 2021

Brian N. Schell, Cboe Global Markets Executive Vice President, Chief Financial Officer and Treasurer, said: We are pleased to report another quarter of solid financial results and ongoing momentum in executing against our strategic priorities. Our strong cash flow generation allowed us to return nearly $79 million to shareholders through share repurchases and dividends in…

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