Specifically, the settlement concerns compliance with firm's marketing, distribution and sales of CFDs to retail clients. CySEC stated: Α settlement has been reached with the CIF ICC Intercertus Capital Limited for possible violation, for the period January 2020 until May 2021 of Article 42 of Regulation (EU) No 600/2014 on markets in financial instruments («the…
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The second whistleblower received over $3 million. They presented to the agency important new information during the course of the investigation. Creola Kelly, Chief of the SEC’s Office of the Whistleblower, said: The information and assistance provided by these two whistleblowers in helping to identify complex wrongdoing demonstrates the importance of the whistleblower program to…
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The average daily volume in FX for last month came in at $21.42 billion. Compared to June’s $23.19 billion this was a 7.6% MoM fall. Total Cash Market numbers stood at $206.88 during July 2022, dropping 15% compared to June 2022. Derivatives markets on Euronext also registered a decline last month with 12.94 million contracts…
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Outstanding notional volumes in OTC clearing also witnessed strong growth with 32% YoY. The Overall outstanding volume reached €27,093 billion at the end of last month. Eurex also registered a surge in overnight index swaps of 120%. Interest rate swaps also spiked 28% in July. The official announcement also detailed that the average daily cleared…
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The total trading volume on the Equity and Bond market also witnessed drops reaching RUB 1.50 trillion. The numbers were 2.5% lower than June 2022 when it was RUB 1.53 trillion. On yearly basis, this was a 60% drop. Trading volume in RDRs, shares, and investment fund units fell by 15.6% MoM to RUB 767.7…
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The regulatory concerns were related to the firm’s CIF license conditions, organizational requirements , conflict of interest, elements of remuneration and general principles and information to clients. CySEC’s settlement with Magnum FX came after an investigation, following an onsite inspection in the company regarding the period from January 2019 to July 2020. Similarly to F1…
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Furthermore, SEC alleges that cease-and-desist actions by the Securities and Exchange Commission of the Philippines in September 2020 and by the Montana Commissioner of Securities and Insurance in March 2021 did not stop Forsage from operating and the defendants continued to promote the scheme while denying the claims in several YouTube videos. Carolyn Welshhans, Acting…
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Erik Nordahl, CTO, United Fintech added: Our expansion in Madrid is a great strategic move, enabling us to continue to access top technology talent for our own initiatives, client projects, and to help scale our portfolio companies. The impact of our global sales force is resulting in increased activity for our portfolio companies and the…
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Equities on Deutsche Börse generated €99.1 billion in July 2022 and trading in ETFs/ETCs/ETNs accounted for €19.6 billion of the turnover. Bonds recorded €0.4 billion, certificates €0.9 billion and funds brought in €0.1 billion. Linde plc was the DAX stock with the highest turnover on Xetra last month with €3.9 billion. Delivery Hero SE led…
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The average daily notional value of forex trading on Cboe FX came in at $39.6 billion for Q2 2022, up by 21.8% compared to the same period the previous year. However, compared to the first quarter of 2022, the number was 5.7% lower. According to the official announcement, Cboe FX commanded 17% of the market…
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