Category: Financial Services

December 03, 2021 BY Steffy Bogdanova

CME Group reports a 20% YoY rise in overall ADV in November

CME Group stated: ADV outside the United States increased 11% to 6.4 million contracts, including 33% growth in Latin America, 14% in EMEA and 2% in Asia. BrokerTec U.S. Treasury average daily notional value (ADNV) increased 17% to $127B, including a record RV Curve monthly ADNV of $578 million in November. U.S. Repo ADNV increased…

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December 01, 2021 BY Steffy Bogdanova

SEC files charges in a $49 million insider trading schemes

Debih allegedly traded on the tips he received from the investment bankers and recommended to others to trade. SEC has charged seven other people in connection with these schemes. Debih is charged violating the antifraud provisions of the Securities Exchange Act of 1934. He has agreed to the entry of a judgment which, if approved…

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CFTC fine
November 30, 2021 BY Steffy Bogdanova

Forex firm Denari Capital and owner to pay $4 million in Pool Fraud case brought by CFTC

The court also found that Capson made misrepresentations about Denari’s activities to the National Futures Association (NFA). The court ordered Capson and Sarkar to payf $250,000 and $166,000, respectively, as penalty. Additionally they and Denari are required to pay restitution of $3,663,282 to victims of their scheme. The court also imposed a permanent injunction prohibiting…

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Moscow Exchange
November 24, 2021 BY Steffy Bogdanova

MOEX expands international share offering to more than 500 stocks

All shares international companies that can be traded on Moscow Exchange are available in RUB and the currency of the primary listing, primarily US dollars. According to the official announcement, National Clearing Centre (NCC, part of Moscow Exchange Group) takes securities of international companies as collateral for trades made on Moscow Exchange markets. MOEX further…

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Whistleblower
November 23, 2021 BY Steffy Bogdanova

Whistleblowers receive more than $10.4 million from SEC

Emily Pasquinelli, Acting Chief of the SEC’s Office of the Whistleblower said: Today’s whistleblowers provided information and assistance that proved critical to several enforcement actions. Their information allowed the agency to conserve significant resources and to bring each action more efficiently. So far, the agency has awarded over $1.2 billion to a total of 233…

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acquisition
November 16, 2021 BY Steffy Bogdanova

Cboe Global Markets to acquire Canadian Stock Exchange NEO

Ed Tilly, Chairman, President and CEO of Cboe Global Markets, said: Adding NEO to the Cboe network better enables us to create a first-class equities offering in Canada, bolstering our global markets in North America, Europe and Asia Pacific, and bringing us one step closer to our vision of building one of the world's largest…

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November 15, 2021 BY Steffy Bogdanova

United Fintech company NetDania launches Social Charts

Thomas Elster, Co-Founder and CEO, NetDania commented: Social Charts has the technical performance and extensive features that users of NetDania’s charts rely on, but with added interaction to create more engagement both internally and externally. Banks and brokers can leverage our Open API or white label the product to build their own communities and retain…

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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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