Australia financial regulator ASIC has issued an update on the independent expert review of November’s ASX Trade outage. FNG readers will recall that on 16 November 2020, an outage occurred at the ASX – Australia’s main stock exchange – shortly after a major upgrade to ASX’s equity trading platform, ASX Trade, called the ASX Trade…
Read More “Australia ASX trade outage due to “not ready to go-live” issues” »
The United States Securities and Exchange Commission (SEC) confirmed on Thursday that it had secured judgments against BitConnect promoters. The New York Southern District Court has entered a judgment against Michael Noble (a.k.a. Michael Crypto) and a final judgment against Joshua Jeppesen for their involvement with BitConnect and the promotion of its “lending program.” The…
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Multi-asset investment company Saxo Bank today announces the launch of its next equity theme basket focusing on the payments industry with 25 companies of high quality. The payments theme basket consists of 25 companies with a good mix of old and new companies, and a good geographical split although the US is overrepresented, but that…
Read More “Saxo Bank launches equity theme basket focusing on payments industry” »
The United States Securities and Exchange Commission (SEC) today instituted settled charges against robo-adviser SoFi Wealth, LLC for breaching its fiduciary duties to clients in connection with its April 2019 investment of client assets into two new exchange-traded funds (ETFs) sponsored by its parent company, Social Finance, Inc. (SoFi). According to the SEC’s order, on…
Read More “SEC settles charges against robo-adviser SoFi Wealth” »
Online trading major Interactive Brokers keeps enhancing the capabilities of its PortfolioAnalyst, a solution that consolidates, tracks and analyzes one’s complete financial performance. Interactive Brokers is introducing a new fund sector in PortfolioAnalyst. Funds with assorted/mixed sector allocations are now classified as Broad. In the preceding update to the solution, support for Money-Weighted Return (MWR)…
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ICE Futures today published a notice of summary fine issued to Credit Suisse Securities (Europe) Ltd. The fine stems from Credit Suisse’s violations of Exchange Rule 4.15(a). In relevant part, the rule says: “Each individual Person with Direct Access, employee of a Clearing Member or of a Person with Direct Access, automated trading system and…
Read More “Credit Suisse gets a slap on the wrist for violating ICE Futures rules” »
The Charles Schwab Corporation (NYSE:SCHW) has announced it is implementing a special 5% pay increase for employees in recognition of their unwavering service to clients and each other throughout the pandemic. Walt Bettinger, President and CEO, The Charles Schwab Corporation, commented: “This increase is a way to reward our talented employees for their contributions and…
CME Group today announces that EBS migration mock trading is set to begin on October 2, 2021. In preparation for mock testing, CME asks that market participants continue to engage in the completion of the API certification process and submission of production connectivity forms. Migration of clients to the new EBS Workstation and EBS Direct…
Read More “CME schedules start of EBS migration mock trading for Oct 2, 2021” »
In an SEC filing, Virtu Financial, Inc (NASDAQ:VIRT) has confirmed the resignation of Glenn Hutchins. On August 17, 2021, Mr Hutchins resigned from the Board of Directors of Virtu Financial and the Board’s Strategy Committee and Risk Committee, effective immediately. Mr Hutchins was nominated to the Board by Ordinal Holdings I, LP (f/k/a North Island Holdings…
Read More “Glenn Hutchins resigns from Virtu Financial’s BoD” »
Binance’s offering across the globe keeps shrinking. Several days after the company said it was restricting its offering in Malaysia, Binance has announced changes to its services in Australia. With immediate effect, users from Australia will be restricted from opening new accounts for options, margin products, and leveraged tokens. This is an expansion of existing…
Read More “Binance restricts Australian clients from opening new options accounts” »
