The solution will start with FX Accumulators and will be scaled up to include other types of structured products in future. ESG believes that digitalization of the manual workflows has reduced significantly the manhours and operational risks and also resulted in an increase in efficiency of over 50%. The platform has also given EFG the…
Read more
The suspension will last for 10 weeks and give Ballas enough time to put in place adequate compensation arrangements. This will also provide Ballast with an opportunity to identify and appoint an appropriately qualified and experienced responsible manager following the resignation of its previous responsible manager. ASIC may consider cancelling Ballast’s licence if the company…
Read more
The platform will get visibility with strategic on-court positioning for maximum impact. The Speed Serve, which measures the speed of each players’ serve in kilometres per hour will show the TMGM name. As an Official Partner of the tournament, TMGM’s VIP Clients will also enjoy hospitality at the event. The sponsorship is not just about…
Read more
Dick has provided financial advice on behalf of Jigsaw Support Services Limited, GWM Adviser Services Limited and most recently, Synchronised Business Services Pty Ltd, who ceased authorisation of Dick in April 2018 and reported the matter to ASIC. ASIC Deputy Chair Daniel Crennan QC commenred: Mr Dick has been found to have breached the trust…
Read more
Equity Options Single stock options average daily contracts traded fell by 25% and index options average daily contracts traded were down 24% on the pcp. Exchange-Traded Markets Participant margin balances held on balance sheet at month-end amounted to $13.2 billion, compared to $11.5 billion the previous year. Settlement The value of securities held in CHESS…
Read more
CTX Prime Associated individuals: RMD Developments Limited, located at 8 Copthall, Roseau Valley 00152, Commonwealth of Dominica Website: www.ctxprime.com Address: Emaar Business Square Tower 2, Downtown Dubai Phone: +442080898491 Email: [email protected]; [email protected] The FMA noted that the Comision Nacional Del Mercado De Valores in Spain has issued a public alert about CTX Prime and RMD Developments…
Read more
ANZ has admitted that it lacked any contractual entitlement to charge those fees. With these fee charges, ANZ contravened with the Australian Securities and Investments Commission Act (ASIC Act) and breached its general obligations. The court ordered the bank to pay a penalty in the amount of $10 million. ASIC Deputy Chair Daniel Crennan QC…
Read more
Interest Rate Futures contracts The trading volume of Three-month Euroyen futures was 14,635 (+48.4% MoM / -80.4% YoY) and its average daily volume was 732. Items Sep 2020 Trading Volume Daily Average Change on Previous Month Year on Year Change Total of Interest Rate Futures contracts 14,635 732 48.4% -80.4% Three-month Euroyen futures 14,635 732…
Read more
The SFC found that the failures committed by CCBIC and BIAL, as the sole sponsor in the listing applications of Fujian Dongya Aquatic Products Co., Ltd. (Fujian Dongya) and China Huinong Capital Group Company Limited (China Huinong) respectively, were attributable to the neglect on the part of Lai. Lai, who was a Managing Director of…
Read more
Wirecard SG has informed MAS that it is unable to continue providing payment processing services to a significant number of merchants, therefore the Singaporean watch dog has assessed that it is better for Wirecard SG to cease its payments services and promptly return all customers’ funds. With the cessation of Wirecard SG’s payments services in…
Read more