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Showing 1 - 10 of 325 results for "Clearing"

Government proposes framework for clearing and settlement services regulation

ANDREW MCKEAN  |  WEDNESDAY, 17 JAN 2024
... released the Corporations and Competition (CS Services) Instrument 2024, a new legislative proposal aimed at regulating clearing and settlement (CS) services. The proposed instrument, issued under the authority of assistant treasurer Stephen Jones, outlines ...

ASX selected to develop local carbon exchange

RACHEL ALEMBAKIS  |  FRIDAY, 12 JAN 2024
... development of a carbon exchange to launch later this year. The carbon exchange is intended to allow for the trading, clearing and settlement of Australian carbon credit units (ACCU). CER first sought expressions of interest for participants to develop ...

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
... Kraken Crypto Exchange for operating its trading platform as an unregistered securities exchange, broker, dealer, and clearing agency. According to the SEC, Kraken has made hundreds of millions of dollars unlawfully facilitating the buying and selling ...

ASX awards settlement, clearing mandate

KARREN VERGARA  |  MONDAY, 20 NOV 2023
The ASX awarded a mandate to a global technology firm that will deliver a product-based clearing and settlement solution so it can proceed with the next phase of the CHESS replacement. The bourse has entered into an agreement with Mumbai-based TATA ...

Bell Financial Group welcomes group head of sales

CASSANDRA BALDINI  |  MONDAY, 20 NOV 2023
... market, leveraging its range of products, services, and technology solutions. Such solutions include equities execution and clearing, margin lending, structured loan products, portfolio administration services, personal superannuation solutions and third-party ...

BNP Paribas to sharpen efforts down under

CHLOE WALKER  |  TUESDAY, 7 NOV 2023
... 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 custody solutions for cash equities, whereby the client can ...

Experience pathway enshrined in legislation

KARREN VERGARA  |  FRIDAY, 8 SEP 2023
... advice," he said. The bill also houses two unrelated pieces of legislation. The first facilitates more competition in the clearing and settlement of cash equities traded in Australia, which is dominated by the ASX's ASX Clear and ASX Settlement. ASIC ...

ASIC, RBA set high expectations for ASX

KARREN VERGARA  |  WEDNESDAY, 30 AUG 2023
... strategic issues, particularly with respect to replacing CHESS, until they are communicated to the ASX Cash Equities Clearing and Settlement Advisory Group or Advisory Group. The Advisory Group will in turn provide any recommendations. If recommendations ...

Australian Retirement Trust completes Woolworths, Endeavour merger

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
Australian Retirement Trust (ART) has finalised its merger with Woolworths and Endeavour Group, adding over 25,000 new members. Following the successor fund transfer (SFT) with Woolworths and Endeavour, ART's funds under management increased by ...

HSBC committed to local custody arm despite rapid decline in assets

JAMIE WILLIAMSON  |  TUESDAY, 22 AUG 2023
... under custody, and in many markets throughout Asia we are the only international bank offering sub-custody and securities clearing services," they added. This growth in assets invested offshore follows HSBC's partnership with the Australian Institute ...
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