Whilst well renowned for maintaining keen jurisdiction over non-bank electronic trading firms, ASIC has issued a $35,000 penalty to Goldman Sachs for an erroneous trade execution, contrasting from the far more punitive penalties issued to banks by US authorities
Read moreOffering of OTC derivatives clearing in Asia Pacific on the radar for the CME Group The Chicago Mercantile Exchange (NASDAQ:CME) is looking to partner up with the Australian Securities Exchange’s division ASX Clear in order to form a partnership that offers clearing services for OTC derivatives to Australian brokers, as the American company is looking to…
Read moreTrade and business ties to strengthen further after the implementation by mid-2014 Major Australian stock exchange ASX has issued a press release outlining an agreement between the Bank of China and ASX to provide Chinese Yuan settlement services to the Australian and Chinese financial markets by the middle of this year. The agreement was signed…
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