Additionally, a random cutoff mechanism is set to be introduced to the POS and pre-open allocation session to all relevant products in the derivatives market. This will include both morning and afternoon sessions. These changes will be implemented in order to prevent the chances of gaming strategies occurring when manipulating the Calculated Opening Price at…
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AxiCorp’s licence also requires the company to provide ASIC with attestation from a senior executive within the firm. They must confirm that they are satisfied that AxiCorp has undertaken all necessary remedial actions and that it has in place adequate compliance measures to ensure that it and its representatives comply with financial services laws. If…
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In his new role, Andrew will add value to Japan-based clients by efficiently rolling out new and existing solutions designed to tackle the everyday obstacles that often arise within modern-day commodity, financial and energy markets. Cockburn will support the company’s transition into new Risk Free Rates, and provide solutions and clearer trade transparency for clients…
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Craig Allison, Head of Europe, Middle-East and Africa, said: FP Markets Social Trading allows traders to find, follow and copy successful traders automatically. Since its beta launch at the beginning of March, we have experienced huge demand for FP Markets Social Trading with a huge uptake in registrations and increased activity and engagement ratios, especially…
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HSBC's Group Chairman, Mark Tucker, commented: Rachel is an exceptional candidate. I am absolutely delighted to welcome her to the Board. She has extensive knowledge and experience of operating in two of HSBC's most strategically important markets - Hong Kong and mainland China. Her knowledge and experience will further strengthen the Board's discussions and oversight.…
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HKEX Group General Counsel-designate Paul Chow said: I am honoured to be joining HKEX, one of Hong Kong’s most iconic organisations. As HKEX seeks to continue to build its business, and to reinforce Hong Kong’s role as a leading international finance centre, I am very much looking forward to working with my new colleagues on…
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The exchange also reported a jump in FTSE China A50 Index Futures DAV and FTSE Taiwan Index Futures DAV with 485,141 contracts and 104,415 contracts in February, respectively. SGX also registered a surge in its commodities business. Forward freight agreement (FFA) traded volume surged 80% YoY with 150,601 contracts. Petrochemical derivatives and Paraxylene traded volumes…
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Daniel Chambers, BidFX Global Head of Data and Analytics commented: The ability to efficiently harness, normalise and analyse FX data has become increasingly vital for refining execution strategies and evaluating counterparties. The launch of this product arms our clients with tools to provide valuable insights in real time. Today, having a secure platform is not…
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TMGM clients will also be invited to attend free monthly educational webinars covering a variety of hot topics and providing industry insights. The first webinar series will feature TMGM Sponsored Athlete and Tennis Star Alexander Zverez who is currently ranked #7 in the world. The date will be announced soon and the webinar will be…
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Hoffman was selected for the role as he brings with him a wide variety of expert knowledge in financial services, which spans all areas of global technology and operations, communications, and data and analytics. Hoffman also has a proven track record in supporting effective strategic partnerships, providing transformative levels of business value. Before joining Broadridge,…
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