International derivatives marketplace CME Group (NASDAQ:CME) today announced changes to its management team structure to position the company for long-term success. Sunil Cutinho, who previously led CME Clearing and served in a variety of technology roles since joining the company in 2002, has been appointed Chief Information Officer. Overseeing the company’s enterprise technology, Cutinho will…
The UK Financial Conduct Authority (FCA) today issued a statement regarding RTC Management Solutions Ltd. The FCA says it has refused RTC Management Solutions Ltd’s application to be authorised to conduct claims management regulated activities. This decision follows the transfer of regulatory responsibility for claims management companies (CMCs) to the FCA on 1 April 2019….
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To assist in optimising its securities finance offering, Australian wealth management infrastructure provider FinClear has selected Broadridge Financial Solutions, Inc. (NYSE:BR). Broadridge’s Securities Finance and Collateral Management (SFCM) FastStart solution provides FinClear and its clients with enhanced functionalities in this area of the business. “We are pleased to add FinClear to our growing client base…
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The following is a guest editorial courtesy of Mario Sanchez, Managing Director and Global Head of FXCM Pro Sales. Continuous innovation has been the lifeblood of the modern FX industry and this, along with rapid technological development seen in recent years, has been crucial for sustained industry growth. The 2022 edition of the iFX EXPO in…
The Cyprus Securities and Exchange Commission (CySEC) today issued a circular on whistleblowing, detailing the procedures to be used for submitting a report of an infringement. A report of infringement can be submitted either by name or anonymously. CySEC has the following communication channels for receiving a report of infringement and for contacting the dedicated…
AUSTRAC has ordered the appointment of an external auditor to three entities within the Bell Financial Group, including Bell Potter Securities Limited, Bell Potter Capital Limited and Third Party Platform Pty Ltd. The appointed external auditor will be authorised by AUSTRAC to assess the three entities’ compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act…
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Deutsche Börse AG has successfully placed a corporate hybrid bond in an amount of EUR 500 million. The bond has a term of 26.25 years with a first optional call date after 6 years and a coupon of 2.00 per cent annually until June 2028. Supported by Deutsche Börse AG’s strong credit profile, the offer…
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Hong Kong-focused Forex broker CLSA Premium Ltd (HKG:6877) has scheduled another meeting of shareholders in order to put to a vote a resolution about the company’s winding up. The meeting is convened at the request of KVB Holdings, a CLSA shareholder, which has been repeatedly pushing for the closure of the broker. An extraordinary general…
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Japanese online trading company Rakuten Securities plans to add 200 foreign stocks to its lineup of trading instruments. The additions include the stocks of 100 companies listed on US exchanges and the stocks of 100 companies listed on the Hong Kong exchange. The new instruments include the shares of KLX Energy Services Holdings (KLXE), which…
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FCA regulated multi-asset liquidity solutions provider BidX Markets has announced it has received investment from non-bank market maker Solid, in a step towards building a strategic partnership between both financial institutions. Solid, one of the leading ultra-low latency multi-bank ECN providers and BidX Markets will work in collaboration to benefit from both firms longstanding industry…
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