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Showing 1 - 10 of 558 results for "Derivatives"

J.P. Morgan hit with $775k penalty

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... are real world consequences for this sort of behaviour which is why tackling manipulation in energy and commodities derivatives markets has been an ASIC priority," ASIC deputy chair Sarah Court said. "Farmers use these contracts to manage wheat price ...

Australian Retirement Trust applies new investment exclusion

ELIZA BAVIN  |  THURSDAY, 2 MAY 2024
... most recent year of financial reporting," the fund said. ART said the screening does not apply to pooled vehicles or derivatives, which may have indirect exposure to companies involved in the mining of thermal coal. The fund added that it will rely on ...

Court approves wind up of Prospero Markets

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... ASIC has been investigating Prospero Markets for non-compliance with its AFSL conditions and obligations as an OTC derivatives issuer. The regulator said it has been contacted by Prospero Markets clients who are concerned about the return of their funds ...

Pendal shutters costly equity fund

KARREN VERGARA  |  MONDAY, 11 MAR 2024
... securities and convertible preference shares that offer above average income returns and may also hold cash and may use derivatives, Morningstar's analysis read. Minimum investment amount was $500,000. Portfolio manager Jim Taylor has overseen the fund ...

ASIC takes further action on Prospero

KARREN VERGARA  |  MONDAY, 4 MAR 2024
... Australia's biggest-ever money-laundering operations. Former officers and responsible managers of over-the-counter (OTC) derivatives issuer Prospero are embroiled in Australian Federal Police's investigation into seven syndicate members who allegedly ...

MDA authorisations remain steady amid exodus

JAMIE WILLIAMSON  |  WEDNESDAY, 14 FEB 2024
... authorisations, the number of advisers who can advise on securities has declined 14.9% over three years. Meanwhile, derivatives and foreign exchange contracts have seen the largest percentage declines in adviser authorisations over three years. Authorisations ...

Westpac loses Ausgrid rate swap case

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... about $4.7 million. Still, Westpac pre-hedged up to 50% of the interest rate risk by trading "significant volumes" of derivatives in the market prior to execution. The Court added that Westpac failed to obtain client consent or give full and clear disclosure ...

Bitcoin ETFs given green light by US regulator

ANDREW MCKEAN  |  THURSDAY, 11 JAN 2024
... access a spot Bitcoin ETF legally and compliantly, rather than through futures, cash-settled products, or trading derivatives. Global X senior product and investment strategist David Tuckwell noted that the SEC's move to list Bitcoin ETFs on regulated ...

ASIC cracks down on Prospero for reporting failures

CHLOE WALKER  |  WEDNESDAY, 10 JAN 2024
The corporate regulator recently suspended the AFSL of Melbourne-based over-the-counter (OTC) derivatives issuer Prospero Markets (Prospero). The penalty comes after the Forex and CFD trading platform, which services mainly Chinese-speaking clients ...

Currency hedging solution launched for managed accounts

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
... protect valuations against a rising AUD. Selling USD against the AUD via foreign exchange spot and over the counter derivatives, the fund provides investors with up to three times leveraged exposure to the exchange rate, which means that for investors ...
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