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Showing 61 - 70 of 211 results for %22ASX Settlement%22

Chi-X forced to be client of competition

ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
Disrupter stock exchange Chi-X has revealed it is forced to be a client of its competition - the ASX. The ASX currently has a monopoly when it comes to clearances and settlements in Australia. Chi-X chief operating and technology officer Mike Aikins ...

mFunds crack $1 billion, PIMCO dominates

KANIKA SOOD  |  FRIDAY, 11 OCT 2019
Five years after they launched, ASX mFunds have finally cracked $1 billion, with PIMCO's funds emerging as the most popular. mFunds is the ASX's marketplace for unlisted managed funds, allowing investors and advisers to buy and sell units in ...

Clime Capital settles class action

KARREN VERGARA  |  MONDAY, 12 AUG 2019
... claimed UGL engaged in misleading and/or deceptive conduct, and breached its obligations of the Corporations Act 2001 and the ASX Listing Rules. Consequently, investors that purchased UGL shares within the claim period have suffered compensable loss ...

Small caps boutique shuts doors

KANIKA SOOD  |  WEDNESDAY, 10 JUL 2019
... cancelled. It charged a 1.5% p.a. management fee plus 15.38% performance fee on the amount by which it exceeded the returns of S&P/ASX Small Ords, according to a PDS from March last year. Last month, another Sydney small caps manager announced its plans ...

What will super funds get from the ASX CHESS replacement?

KANIKA SOOD  |  THURSDAY, 2 MAY 2019
As the ASX ticks along in switching from its legacy settlement service to a blockchain based solution, how will Australia's $2.8 trillion pool of superannuation assets benefit? That's a question ASX chief executive Dominic Stevens addressed ...

Swiss Re to manage Freedom remediation

KANIKA SOOD  |  TUESDAY, 30 APR 2019
... filings. Proceeds will go towards paying back creditors and regulatory obligations, with the excess going to shareholders. The ASX-listed company has a market cap of less than $5 million. Stock price started to tumble in August last year and now has ...

ASIC outlines enforcement efforts

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
... the Federal Court ordering Westpac to pay $3.3 million for contravening the ASIC Act 2001 by its involvement in setting the ASX Bank Bill Swap Rate in 2010. An independent report was ordered by the court, to review Westpac's current systems, policies ...

ASIC gears up for Brexit

KANIKA SOOD  |  MONDAY, 11 FEB 2019
... ensure business continuity for systemically important Australian firms operating in the UK," ASIC said in a statement. "The ASX Group has notified the BoE that it wishes to enter the UK central counterparty temporary recognition regime and therefore ...

University students to run hedge fund

KANIKA SOOD  |  MONDAY, 17 SEP 2018
... hedge fund has launched at the University of New South Wales, where students will run a concentrated long-short portfolio of ASX 300 stocks with ESG filters. Alternative Investment Management Association (AIMA) general manager Michael Gallagher worked ...

Custodians oversee heightened domestic equity trades

DARREN SNYDER  |  FRIDAY, 31 AUG 2018
... reforms aimed at growing our funds management sector and streamlining operations. An additional focus is the replacement of the ASX equities settlement platform CHESS. "The replacement of CHESS is a significant initiative by the ASX, and fundamentally ...