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Showing 21 - 30 of 100 results for "OTC"

More than $17m paid in CFD-related remediation

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
... More than $17.4 million has been made in compensation payments to retail clients affected by legal breaches by eight retail OTC derivative issuers, $13 million of which was paid by Binance alone. ASIC said the payments have been made to more than 2000 ...

BNP Paribas wins UniSuper mandate

CHLOE WALKER  |  TUESDAY, 26 SEP 2023
... its initial 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 ...

ASIC cracks down on CFDs, OTC derivatives

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
... and design and distribution obligations (DDO). The newly published Report 770 Design and distribution obligations: Retail OTC derivatives found that most issuers produce deficient TMDs and fail to meet DDO. Based on its findings, ASIC warned that it ...

Australian Bond Exchange, ANZ pilot settlement platform

CASSANDRA BALDINI  |  TUESDAY, 2 AUG 2022
... The pilot program will enable ABE to test its newly built trading system that automates multiple parts of over the counter (OTC) transaction process. Its objective is to link the transaction system with the NPP which reduces the settlement time of bond ...

OTC derivatives provider loses licence, executives banned

CASSANDRA BALDINI  |  THURSDAY, 14 JUL 2022
Over-the-counter derivatives provider Sirius Financial Markets Pty Ltd has surrendered its AFSL and its former executives Jonathan Schneider and Oskar Pecyna have both been banned for eight years. ASIC reported that Sirius Financial, trading as Trade360 ...

Cboe to debut FLEX micro options product

ANDREW MCKEAN  |  WEDNESDAY, 22 JUN 2022
... contracts to allow for even greater precision for hedging a portfolio with smaller notional values. "Investors can now forego the OTC market and experience the efficiency, liquidity, transparency and trust that trading in the exchange environment pro ...

ASX names new managing director

CASSANDRA BALDINI  |  THURSDAY, 2 JUN 2022
... an accomplished financial markets executive with more than 20 years' experience in cash equity and debt markets, listed and OTC derivatives, and clearing and settlement services, including the past almost seven years at ASX. Prior to joining ASX, she ...

Zerocap unveils new bitcoin fund

CHLOE WALKER  |  TUESDAY, 15 FEB 2022
... product in the Australian market whose custody is insured by Lloyds of London," Zerocap chief executive Ryan McCall said. "Our OTC desks have passed $1 billion in notional volume, providing our investor base with world leading execution abilities. "Our ...

ASIC looks to extend CFD intervention

ELIZABETH MCARTHUR  |  TUESDAY, 19 OCT 2021
... part of the work to better regulate CFDs, ASIC banned the sole director and four former employees of retail over-the-counter (OTC) derivative issuer, Forex Capital Trading from providing financial services, for periods ranging from three to 10 years ...

Investment Trends adds to team

KANIKA SOOD  |  TUESDAY, 3 AUG 2021
... to this he worked at CMC Markets as a dealer on the quantitative strategy desk, with responsibility for managing the firm's OTC equity trading book, and as a sales trader servicing high value clients. He reports to Investment Trends' director of research ...