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Showing 1 - 10 of 555 results for "derivatives"

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 ...

More than $17m paid in CFD-related remediation

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
... remediation. Of the amount paid, $13.1 million went to 523 clients of Oztures Trading, which traded as Binance Australia Derivatives, due to its incorrect classification of retail clients as wholesale clients. This was paid in two tranches, first in ...

BNP Paribas to sharpen efforts down under

CHLOE WALKER  |  TUESDAY, 7 NOV 2023
... asset servicing and custody clients. For example, Dubois said: "BNP Paribas can offer solutions to manage client's derivatives, particularly listed derivatives, execution and clearing, together." "We have also put in place efficient execution to ...

BNP Paribas wins UniSuper mandate

CHLOE WALKER  |  TUESDAY, 26 SEP 2023
... margin rules obligations, which require financial institutions to post collateral to back up their non-cleared OTC derivatives trades in order to mitigate counterparty risk. The mandate compliments the existing relationship between UniSuper and BNP Paribas ...
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