Category: Financial Services

ASIC
December 11, 2020 BY Steffy Bogdanova

ASIC sues USGFX and representatives for providing FX services in China

ASIC stated that EuropeFX and TradeFred: provided personal advice to clients without licence to do so; made false or misleading representations to clients including about the level of risk to which clients’ funds were exposed and the profits which clients could expect; failing to adequately explain or disclose to clients the risks involved in investing…

Read more
FCA bans sale of crypto-derivatives to retail consumers
December 10, 2020 BY Steffy Bogdanova

The FCA makes speculative mini-bond mass-marketing ban permanent

Sheldon Mills, Interim Executive Director of Strategy and Competition at the FCA commented: We’ve today confirmed our proposals to make the speculative mini-bond ban permanent and extend its scope. These products are high risk and are often designed to be hard to understand. Consumers should always be wary of any investment promising high returns while…

Read more
Whistleblower
December 08, 2020 BY Steffy Bogdanova

SEC awards 5 whistleblowers with $3 million

Jane Norberg, Chief of the SEC’s Office of the Whistleblower said: Today the Commission issued awards to multiple whistleblowers whose information and assistance proved critical to several enforcement matters. In the first quarter of FY2021, the SEC has made whistleblower awards of almost $170 million to 17 individuals, which is already near the record dollar…

Read more
Swiss Stock Exchange
December 07, 2020 BY Steffy Bogdanova

SIX launches new quote on demand trading service

Trades in QOD are published immediately after execution, further strengthening post-trade transparency. Trade execution reports will also be made available on the business day following the execution. ETFs were increasingly traded over-the-counter in the past. With this addition to the existing order book, QOD offers investors the opportunity to trade ETFs in a bidding process…

Read more
ASX
December 04, 2020 BY Steffy Bogdanova

ASX registered 10.5% MoM rise in total capital raised for November

Equity Options Single stock options average daily contracts traded fell by 5% and index options average daily contracts traded were down 40%YoY. Exchange-Traded Markets Participant margin balances held on balance sheet at month-end amounted to $13.5 billion, compared to $11.1 billion the previous year. Settlement The value of securities held in CHESS dropped 1%YoY. The…

Read more
Cboe Global Markets
December 04, 2020 BY Steffy Bogdanova

Cboe Futures November ADV volumes up 15% MoM

Cboe’s November highlights include: Each of Cboe Global Markets’ four options exchanges saw an increase in ADV compared to a year ago: Cboe Options up 28%, Cboe C2 up 40%, Cboe BZX up 88% and Cboe EDGX up 122% from November 2019. Cboe C2 Options Exchange set a new monthly ADV record with 1,035,338 contracts,…

Read more
FCA warning
December 03, 2020 BY Steffy Bogdanova

M365FX, AOX Capitals and others added to FCA's warning list

M365FX Address: First Floor, First St. Vincent Bank Ltd Building, James Street, PO Box 1574, Kingstown, St Vincent & the Grenadines Telephone: 08006891052 Email: [email protected], [email protected] Website: www.m365fx.co.uk AOX Capitals / AOX Trade Address: 143 Castle Road 517 District, New York, USA Email: [email protected] Website: www.aoxcapitals.com, www.aoxtrade.com Superfive / Super-five / Super5 trading name of…

Read more
CME Group
December 03, 2020 BY Steffy Bogdanova

CME Group reports 25% MoM rise with 19.3 million contracts in November

Agricultural ADV for the company was 1.6 million contracts, same as previous month. Foreign Exchange ADV registered 759,000 contracts and Metals ADV of 705,000 contracts. Additional highlights from November include: Overall ADV grew 6% from November 2019 Record SOFR futures ADV of 87,000 contracts, including a single-day volume record of 240,288 contracts on November 19,…

Read more