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Showing 151 - 160 of 402 results for "Clearing"

Sequoia to acquire wealth group

KANIKA SOOD  |  MONDAY, 1 JUN 2020
... accepting this offer." On completion, the transaction will add about 5,500 equity accounts to SEQ's execution and clearing business Morrison Securities and about $1 billion in funds under advice. In revenue terms, it translates to an additional $4 ...

Boom time for exchanges

KANIKA SOOD  |  THURSDAY, 21 MAY 2020
... quarter, as the markets became more volatile. Exchanges generate their revenues from trading-related fees (like transaction, clearing, settlement, depository and broker services) and non-trading-related fees (like data and listings). As volatility spiked ...

TradeFloor acquires tech solutions

ALLY SELBY  |  MONDAY, 11 MAY 2020
... operated for more than seven years, [OpenMarkets] boasts 57,000 clients and is the largest independent, non-bank aligned ASX Clearing and Settlement Participant," it said. "Tchourilov and Janiczak have acquired a 50% stake of OpenMarkets Group, which ...

Former Link Fund Solutions operations lead in new role

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... industry." Prior to his role at Link, Christopher was managing director, custody services at One Investment Group and head of clearing, custody services and product for BNP Paribas Securities Services Australia and New Zealand. Calastone chief executive ...

Investment manager criminally charged

ELIZA BAVIN  |  WEDNESDAY, 18 MAR 2020
... each of the charges is around $45,000. SGSA provided financial services in equity derivative sales, prime services and clearing, and provided a range of financial products including ASX24 futures and options and OTC ('over the counter') derivatives. ...

Philippines halts all trading

ELIZA BAVIN  |  TUESDAY, 17 MAR 2020
... executive of the PSE said: "Please be advised that there will be no trading at The Philippine Stock Exchange, Inc. and no clearing and settlement at the Securities Clearing Corporation of the Philippines starting tomorrow, March 17, 2020." "This is in ...

Bell FG appoints director, releases FY results

ALLY SELBY  |  FRIDAY, 21 FEB 2020
... providing these services to external third parties," he said. He said TPP has applied to the ASX to become a General Clearing Participant, enabling it to clear Bell Group members as well as external third parties and is expecting formal approval shortly. ...

Former Challenger executive joins ASX board

ELIZABETH MCARTHUR  |  MONDAY, 6 JAN 2020
... businesses," ASX chairman Rick Holliday-Smith said. "Rob has served for the past four years as a director on our subsidiary clearing and settlement boards, including as Chairman of ASX Clear Pty Limited and ASX Settlement Pty Limited, the licensees for ...

Pershing Securities breaches client money obligations

ALLY SELBY  |  WEDNESDAY, 11 DEC 2019
Pershing Securities Australia has been charged after breaching client money obligations. The clearing and settlement solutions provider was charged with two counts of failing to pay client money into an account and one count of failing to comply with ...

Chi-X forced to be client of competition

ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
... that in a recent report the International Monetary Fund (IMF) said there would be significant benefits to separating the clearing and settlements functions within the ASX. The report Somes referred to was published in February this year, in which the ...