The incorrect fees have been found to be a result of manual errors executed by CBA staff members, as well as improperly configured or inadequate processes and systems which dismissed the fact that a vast number of customers were entitled to waivers on any fees. CBA was also found to have produced misrepresented justifications of…
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ASIC Commissioner Cathie Armour said: Binary options’ product characteristics make them incompatible with investment or risk management use by retail clients. ASIC’s product intervention order will protect retail investors from these harmful products at a time of heightened vulnerability. According to the Commission, retail clients’ net losses from trading binary options are estimated at around…
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mPASS is aimed at automated categorisation, suitability and appropriateness checks. This module provides instant clearances on whether Financial Institutions can onboard or keep a client in any country / for any financial service and financial instrument. The clearing process takes under three minutes after which clients are ready to be onboarded. mCHECK deals with relevant…
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Hissey brings vast knowledge from his previous experience in managing teams focused on portfolio analytics and quantitative analysis in Australia and across APAC. Most recently, he worked at FactSet, where he spent 12 years. His last position at the company, had him based in Tokyo. There he oversaw the company’s rapidly expanding Risk and Quantitative…
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The Australian regulator decided to strengthen its protection for retail clients after it found that CFDs trading may result in significant loss for retail clients. ASIC Commissioner Cathie Armour commented: We will closely monitor compliance with the product intervention order and won’t hesitate to take appropriate action to enforce the order. Commissioner Armour added: We…
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Chi-X Asia Pacific has operations in Australia and Japan. Chi-X Australia (CXA) registers 18.4% of the total market share in country and offers trading in all Australian-listed securities, as well as the exclusive trading of CXA quoted warrants and ETFs. Chi-X Japan (CXJ) accounts for 2.7% lit market share, offers four trading books including both…
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Shoaib Abedi, CEO of ICM.com commented: We are always looking for new ways to provide our current and future clients with the top-notch support and customer services that ICM has become known for over the past 11 years. We are excited to have Andy leading the company in its success in the Greater China region.…
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ASIC began civil penalty proceedings in the Federal Court against Forex CT and Shlomo Yoshai on 16 July 2020, after discovering that the sole director’s lack of respect for compliance justified a ban for a significant period of time. Yoshai has now been given a ten- year ban after behaviour on Forex CT’s trading floor…
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Since 2010 and 2016, respectively, overnight KOSPI 200 Options and Mini-KOSPI 200 Futures have been listed on Eurex. This expansion of the long-standing cooperation with further futures is strategically important for both Eurex and KRX. On a global scale, KOSPI 200 Options make up one of the four most heavily exchange-traded index contracts. Trading these…
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www.cjcmarketsglobal.biz/ Website: www.cjcmarketsglobal.biz/ Phone: + 91 97642 16796 The FMA warned that the website www.cjcmarketsglobal.biz/ is contacting individuals via private messages and are falsely claiming to be authorised and licensed by the FMA. The website is in fact not associated with or authorised by the NZ incorporated company, Carrick Just Capital Markets Limited Trading As CJC…
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