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Showing 41 - 50 of 553 results for "Foreign Exchange"

ASIC bans 'incompetent' financial services directors

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
... XTrade, a trading platform that offers clients opportunities to trade in contracts for difference (CFDs) and foreign exchange contracts. The directors, Shay Zakhaim and Anthony Anderson, have been banned from running a financial services business as ...

Funds SA, Mercer Super make key appointments

ELIZABETH FRY  |  FRIDAY, 12 JUL 2024
... professor in economics at the Massachusetts Institute of Technology. Importantly, Debelle also chaired the Global Foreign Exchange Committee, which coordinates standards for central banks and private sector companies in the currencies market. Meanwhile ...

ASIC cancels AFSL of XTrade

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... derivatives issuer XTrade. XTrade offered clients opportunities to trade in contracts for difference (CFDs) and foreign exchange contracts (FX contracts). ASIC said its investigation into XTrade found that several vulnerable clients were encouraged to ...

Former director sentenced to seven years in prison

ELIZA BAVIN  |  TUESDAY, 28 MAY 2024
The former director of DanFX, an unlicensed foreign exchange trading business, has been sentenced to seven years and three months imprisonment for fraud. Daniel Farook Ali was sentenced in the Brisbane District Court after an investigation by the Australian ...

ASIC places stop orders on Trademax Australia

JAMIE WILLIAMSON  |  FRIDAY, 24 MAY 2024
... The business is prevented from opening new trading accounts or dealing in contracts for difference and margin foreign exchange contracts on behalf of retail investors. ASIC said Trademax, known as TMGM Group, failed to take reasonable steps likely to ...

NEOS names retail, strategic sales leads

JAMIE WILLIAMSON  |  FRIDAY, 17 MAY 2024
... will be pivotal in the insurer developing new channels for growth. Meantime, Shahan Bhuiyan brings experience in foreign exchange markets, with NEOS saying his client acquisition skills would be beneficial as it looks to explore new territories. He also ...

Macquarie Group profits falls 32% to $3.52bn

ANDREW MCKEAN  |  FRIDAY, 3 MAY 2024
... favourable market movements, investments made by Macquarie Asset Management (MAM) Private Markets-managed funds, and foreign exchange movements. Additionally, its return on equity fell to 10.8%, down from 16.9% in FY23. Macquarie managing director and ...

Asset managers prioritising product quality: Northern Trust

ANDREW MCKEAN  |  FRIDAY, 3 MAY 2024
... outsource securities finance, and noted a similar trend emerges when it comes to liquidity management, trading, and foreign exchange. Asset managers overwhelmingly identified data management as the area where they are considering outsourcing (83%), and ...

ASIC takes further action on Prospero

KARREN VERGARA  |  MONDAY, 4 MAR 2024
... to clients is to appoint liquidators. Prospero's AFSL enabled it to issue and make a market in derivatives and foreign exchange contracts, deal in derivatives and foreign exchange contracts on behalf of clients and provide financial product advice in ...

MDA authorisations remain steady amid exodus

JAMIE WILLIAMSON  |  WEDNESDAY, 14 FEB 2024
... 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 for derivatives ...