Hong Kong SFC fines Credit Suisse Securities $2.1 million over breaches of electronic trading requirements LeapRate

November 09, 2020 BY Steffy Bogdanova

Hong Kong SFC fines Credit Suisse Securities $2.1 million over breaches of electronic trading requirements

The incident was caused by a logic error in the symbol mapping programme used by Credit Suisse generating market making quotes. The SFC determined that Credit Suisse’s internal controls and regular tests in place at the time failed to prevent or promptly detect the errors and these failures constitute breaches of electronic trading requirements. In…

November 06, 2020 BY Steffy Bogdanova

ASIC charges former Macquarie financial adviser with dishonesty offences

He was also charged with six counts of making a statement that was a maximum penalty of two years’ imprisonment and/or a fine of $21,000 for each of them. He also received five counts of to fraud with maximum penalties varying between 14 and 20 years’ imprisonment. Read more: ASIC investigation leads to eight years’…

November 05, 2020 BY Steffy Bogdanova

Eventus Systems appoints Vincent Turcotte as Sales Director, Asia Pacific

Vincent Turcotte added: As financial firms in Asia grow their market share within the global industry, they increasingly want to take more control over their destiny and become less reliant on their prime broker or clearing broker. Eventus can play an important role in helping them determine their own future, define their own risk management…

MAP FinTech integrates with DTCC’s global trade repository for ASIC reporting

November 03, 2020 BY Steffy Bogdanova

MAP FinTech expands partnership with DTCC to aggregate global trade repository data for ASIC reporting

Mark Ellis, Business Development Manager of MAP FinTech, stated: We are committed to offering state-of-the-art scalable solutions that simplify the way our globally active financial services clients meet their regulatory requirements without encumbering operational flexibility. By extending our collaboration with DTCC, we ensure that our clients operating in Australia will continue to enjoy a best-in-class…

November 02, 2020 BY Steffy Bogdanova

TFX Click kabu 365 falls 7% MoM in October

Equity Index Daily Futures contracts (Click kabu 365) The total trading volume of Equity Index Daily Futures contracts (Click kabu 365) was 1,434,934 (+22.1% MoM /+75.8% YoY) and its average daily trading volume was 89,109. Items Oct 2020 Trading Volume Daily Average Change on Previous Month Year on Year Change Click kabu 365 1,434,934 89,109…

October 26, 2020 BY Steffy Bogdanova

BND Traders, DMAX and others added to FMA warning list

Howden Global Acquisition Group Website: http://howdenglobalag.com/ Phone: 001 412 407 1617 Email: [email protected]; [email protected] The FMA stated that Howden Global Acquisition Group is claiming to be licensed and/or regulated in the United States by falsifying records. The New Zealand watchdog also noted that the entity maybe associated with United Commonwealth Financial Protection Board. United Commonwealth Financial Protection…

October 23, 2020 BY Steffy Bogdanova

Breaking News: ACY Securities announces support for ASIC’s product intervention order

Justin Pooni commented: We welcome ASIC’s long-awaited announcement ensuring greater client protection and we support ASIC’s efforts in implementing robust and proportional regulation in the margin and CFD sector. He added: ACY Securities are of the view that measures introduced to improve customer outcomes will also benefit the CFD industry in supporting brokers who already…

October 20, 2020 BY Steffy Bogdanova

CTIN Financial Services and TraderEvolution team up to launch a global multi-market platform

CTIN Financial Services Director Ian McEwan, commented: Trader Evolution has been pivotal in providing CTIN with the advanced technical backup on which CTIN’s ambitious global project relies. TraderEvolution has allowed CTIN to differentiate itself from its competitors through a true global multi-asset platform including exchange-based equities under a custody model. CTIN’s commercial relationship with Trader…

October 20, 2020 BY Steffy Bogdanova

ACY Securities reports a successful start of Australian Turf Club sponsorship

Kennedy commented: ACY Securities is a leading Australian broker providing traders access to the global financial markets and it’s a pleasure to have ACY Securities on board as our Official Trading Sponsor. Winson Cao, Director of ACY Securities said in interview this morning that the ACY/ATC relationship was a great opportunity to team up with…

October 16, 2020 BY Steffy Bogdanova

Breaking news: ACY Securities to sponsor the Australian Turf Club

Jimmy Ye, Co-Director of ACY Securities said that ACY Securities commented: The ATC has been bringing people together and providing a uniquely thrilling experience through the magnificent sport of horseracing for over 150 years. Their events are a source of inspiration and excitement and we are proud to be their Official Trading Partner. The Everest…

Tag: APAC