Tag: APAC

ASIC
September 30, 2020 BY Valentina Kirilova

ASIC bans BGC Securities broker for 10 years

According to the regulator, Moore breached a contractual agreement between BGC and a referring broker by: charging unpermitted spreads on transactions entered on behalf of a number of accounts of clients referred to BGC by the referring broker; and trading at prices other than the agreed independent valuation on transactions entered on behalf of a…

Read more
HKEX
September 28, 2020 BY Steffy Bogdanova

HKEX adds five new MSCI futures contracts

Open interest in MSCI contracts registered significant growth in September during the during the quarterly and monthly roll periods for futures contracts, showing increased demand for the MSCI derivatives products on HKEX. The MSCI Taiwan Net Total Return (NTR) futures contract, in particular, had open interest of $465 million as of 25 September, reporting a…

Read more
FMA warning
September 25, 2020 BY Steffy Bogdanova

Coinsave and others appear on FMA warning list

Acquisition Direct Facilitators Associated individuals: Dr Serge Pacome, Dodi Burgi Website: https://aquisitiondirect.com/ Address: Emaar Business Square Tower 2, Downtown Dubai Phone: +971503074243 and 09 379 6779 Email: [email protected], [email protected], [email protected] Acquisition Direct Facilitators (ADF) representatives purport to be a Fund Manager in New Zealand when this is not the case. ADF is not registered on the Financial Service Providers…

Read more
Forex broker HYCM
September 25, 2020 BY Steffy Bogdanova

Forex broker HYCM adds 83 new stock for trading on MT5

Coghlan, continued: The desire for ETFs is growing year on year and that trend is showing no signs of slowing down. This is a very understandable trend for the retail trader. This is because ETFs allow for simple, low-cost access across multiple markets. They can be sector-based like health care- or tech-related. They can be…

Read more
fine
September 24, 2020 BY Steffy Bogdanova

Westpac to pay $1.3 billion fine to settle money laundering charges with AUSTRAC

Rose continued: Westpac’s failure to implement effective transaction monitoring programs, and its failure to submit IFTI reports to AUSTRAC and apply enhanced customer due diligence in relation to suspicious transactions, meant AUSTRAC and law enforcement were missing critical intelligence to support police investigations. In the original statements against Westpac, the Australian watchdog AUSTRAC identified a…

Read more
September 23, 2020 BY Steffy Bogdanova

Riad Chowdhury named head of MarketAxess APAC

Before that Chowdhury has held senior roles at ANZ Banking Group and Deutsche Bank, organizing new business development and revenue growth with Asian, as well as international clients. Chowdhury also has extensive experience in design and development of systems for trade execution and market data optimization, including the management of development and technology teams. Christophe…

Read more
Japan
September 21, 2020 BY Steffy Bogdanova

Crypto exchange Kraken returns to Japan

Kraken made its exit from the Japan market in 2018 so that it can refocus its resources on other markets that were growing exponentially at that time. The crypto exchange has been preparing for re-entering Japan for two years. In that period, the company established a Tokyo-based subsidiary, Payward Asia and built internal governance and…

Read more