Category: Financial Services

SGX
November 11, 2021 BY Steffy Bogdanova

SGX reports strong FX volumes in October 2021

SGX stated: FX market participants bolstered portfolio hedging on key Emerging Asia currencies. SGX INR/USD Futures traded volume rose 14% y-o-y in October to 1.3 million contracts as India’s energy and raw-material costs continued to climb, adding to inflationary concerns. China’s regulatory scrutiny of its technology industry showed signs of easing even as challenges in…

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Moscow Exchange
November 09, 2021 BY Steffy Bogdanova

MOEX international stock trading volumes surge

Boris Blokhin, Head of the MOEX Equity Market, said: We are continually expanding the instrument offering and have enabled investors to trade in the currency of their choice. The number of available securities will exceed 500 this year, with even faster growth planned for next year, plus the addition of new jurisdictions. We are delighted…

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Euronext
November 05, 2021 BY Steffy Bogdanova

Euronext sees 71.2% revenue and income jump in Q3 2021

Post-trade revenue also registered growth with 86.2% increase to €83.1 million, attributed to the consolidation of the Italian CSD, Monte Titoli, and of the clearing activities of the Italian CCP, CC&G. Custody and settlement revenue in the Nordic CSDs also registered some growth, reflecting normalised levels of retail activity. Revenue from clearing increased to EUR…

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Moscow Exchange
November 03, 2021 BY Steffy Bogdanova

MOEX trading volumes drop 4.8% MoM in October

Trading volume in RDRs, shares, and investment fund units increased by 7.21% MoM to RUB 3,019.6 billion (Septeber 2021: RUB 2,816.4 billion). ADTV went up by 12.34 % MoM to RUB 143.8 billion (September 2021: RUB 128 billion). 86 new bond issues with a total value of RUB 811.3 billion (of which overnight bonds accounted…

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CME Group
November 03, 2021 BY Steffy Bogdanova

CME Group reports a 32% jump in overall ADV in October

Regarding micro products ADV, Micro E-mini futures and options registered ADV of 2.1 million, accounting for 38.8% of overall Equity Index ADV. Micro WTI Crude Oil futures were 2.5% of overall Energy ADV and Micro Bitcoin futures accounted for 0.5% of overall Equity Index ADV. CME Group noted that ADV outside the US grew 36%…

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Acquisition
November 02, 2021 BY Steffy Bogdanova

Paysafe completes acquisition of German company viafintech

Viafintech’s customers use their solutions for bill payments and credit pay-outs, as well as for online shopping in general. Millions of consumers in the region who don’t have bank accounts, or who simply prefer the heightened security, use eCash to pay online. Udo Müller, CEO of Paysafe’s eCash division, commented: This is a very exciting…

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Moscow Exchange
October 29, 2021 BY Steffy Bogdanova

MOEX reports 18% rise in operating income in third quarter of 2021

Operating income was increased 18.2% YoY and F&C income accounted for a record 75% of operating income. Yury Denisov, Chief Executive Officer of Moscow Exchange, said: MOEX has delivered fee and commission income growth significantly ahead of our strategic targets. Key drivers of this growth include the roll-out of new products and instruments, the expansion…

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October 28, 2021 BY Steffy Bogdanova

CFTC and SEC charge SwapStar with investment fraud

The regulators noted that Rege and SwapStar used part of the money to trade commodity interests through accounts they owned. Some of the client funds were used to pay bogus gains to some clients, to return original investments amounts to others and to pay for some of Rage's personal expenses. Additionally, Rage failed to disclose…

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Broadridge Financial Solutions
October 28, 2021 BY Steffy Bogdanova

Broadridge goes live with proxy sub-custody services in Switzerland

Broadridge’s user community, which includes global and local custodian banks, brokers, wealth managers and central securities depositories (CSDs), is now able to  enhance the services they provide to Swiss market investors. The new service achieves that by enabling early receipt of issuer-verified event announcements, improved deadlines for submitting votes, confirmation of votes received by the…

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