Category: Financial Services

Monetary Authority of Singapore
May 07, 2021 BY Steffy Bogdanova

MAS issues 10-year ban on FX fraudster

The Singapore watchdog found that Ahmadnawar solicited investments from 32 individuals from 2015 to 2017. He drew up contracts to manage the money from his investors and foreign exchange on their behalf. MAS noted that he carried out these fund management operations without holding a capital markets services licence. During the same period, Ahmadnawar also…

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Eurex
May 07, 2021 BY Steffy Bogdanova

Eurex OTC clearing volumes reach EUR 23,034 billion

Eurex Repo posted a 51.14% MoM rise in GC Pooling, and 14.21% MoM drop in Repo markets. Apr-21 Mar-21 MoM Change Financial derivatives: Traded contracts Eurex Exchange European equity index derivatives (million) 51.2 93.8 -45.42% European interest rate derivatives (million) 40.7 66.1 -38.43% European equity derivatives (million) 27.8 34.7 -19.88% Total (million) 119.7 195.0 -38.62%…

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ASIC
May 05, 2021 BY Steffy Bogdanova

Westpac faces civil proceedings from ASIC

It has been suggested that upon market opening, at 8:30 am that day, Westpac traders obtained and then disposed of interest rate derivatives in an attempt to pre-position the company leading up to the confirmation of the swap transaction. Westpac allegedly held the above transaction knowledge when all of this took place, and that this…

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Deutsche Börse
May 04, 2021 BY Steffy Bogdanova

Deutsche Börse’s April turnover down by almost 29% MoM

Divided by class of asset, equities generated around €125.7 billion. Trading ETFs/ETCs/ETNs earned €19.3 billion. The trading volume in bonds was €0.5 billion, in certificates €1.3 billion and in funds €0.2 billion. SAP SE achieved the highest volume from the DAX stock on Xetra in February with €5.7 billion. Porsche Automobil Holding SE led the…

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Moscow Exchange
April 30, 2021 BY Steffy Bogdanova

MOEX announces net profit growth of 16% in Q1 2021

EBITDA added 13.9% and the EBITDA margin grew to 73.0%. The adjusted EBITDA margin reached 71.7%. Net profit rose 15.8% YoY to RUB 6,835.3 million and adjusted net profit increased by 1.6%. Yury Denisov, Chief Executive Officer of Moscow Exchange, said: Moscow Exchange had a successful start to the year: trading volumes grew across most…

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FCA regulation
April 29, 2021 BY Steffy Bogdanova

FCA considers scrapping MiFID rules for small-caps

The FCA now proposes to alter current research-related inducement rules in order to broaden the list of "minor non-monetary benefits". This list will be set to include research on SMEs with a market cap of less than £200m, so that the rules will no longer limit it. FICC research, often associated with difficulties in applying…

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CME Group
April 29, 2021 BY Steffy Bogdanova

CME Group reveals 24% slump in operating income in its Q1 report

Terry Duffy, Group Chairman and Chief Executive Officer at CME Group, said: Since the start of 2021, we have experienced strong demand for our products as clients looked to manage risks associated with the potential for a post-pandemic economic recovery. The recent report showed that the derivatives exchange recorded an ADV of approximately 21.8 million…

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Six former GKFX executives arrested in a $29 million fraud case
April 29, 2021 BY Steffy Bogdanova

Six former GKFX executives arrested in a $29 million fraud case

The suspects were identified by the initials MKY, BK, C.Ö., VS, SE and RE. It was reported that two of them, VS and C.Ö., worked with the others in providing information and technical support to the complainant companies. Because of the intervention in the accounting and information systems the two suspects conducted, it took a…

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