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Showing 1 - 10 of 72 results for "OTC"

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 ...

ASIC cracks down on binary options

ELIZABETH MCARTHUR  |  THURSDAY, 1 APR 2021
... investors from these harmful products at a time of heightened vulnerability." A binary option is a cash-settled, over-the-counter (OTC) derivative entered into by two counterparties-the binary option issuer and the client. The "all-or-nothing" payout ...

Trading platform slapped with licence conditions

KARREN VERGARA  |  MONDAY, 15 MAR 2021
... trading platform was slapped with additional conditions from ASIC for several compliance failures. ASIC is doubtful if retail OTC derivative issuer AxiCorp Financial Services has the appropriate procedures and internal controls to meet regulatory obligations ...

BNP Paribas to offer initial margin services

KANIKA SOOD  |  THURSDAY, 14 JAN 2021
... expanding its collateral management services in Asia Pacific, to include initial margin requirements arising for non-cleared OTC derivatives positions. Initial margin rules for non-cleared derivatives transactions started to phase in from September 2016 ...

Link takeover heats up

KARREN VERGARA  |  TUESDAY, 8 DEC 2020
... swaptions, forwards and spot trades. Fortlake's strategies target fixed income instruments, including domestic bonds, OTC securities and asset-backed securities. Fortlake founder and chief investment officer Christian Baylis said: "We chose Eze Investment ...

Derivatives issuer cops $75m penalty

ELIZA BAVIN  |  MONDAY, 19 OCT 2020
The Federal Court has imposed a $75 million penalty on OTC derivative issuer AGM Markets and former authorised representatives OT Markets and Ozifin. AGM was ordered to pay $35 million, while OTM and Ozfin have each been ordered to pay $20 million. ...

ASX director retires

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
... Austraclear and a director of ASX Clear (Futures), the ASX clearing and settlement licensees for Australia's derivatives, OTC and debt markets. He will also remain a director of the exchange's intermediate holding companies, ASX Clearing Corporation ...

ASIC suspends OTC derivatives issuer

ANNABELLE DICKSON  |  TUESDAY, 21 JUL 2020
The corporate regulator has suspended the Australian financial services licence of Union Standard International Group. The Sydney-based retail over-the-counter derivatives issuer operating as USGFX is suspended until September 23 under 915B of the Corporations ...

Capital raisings, trading volumes up in June

ALLY SELBY  |  THURSDAY, 9 JUL 2020
... daily futures and options on futures volumes were down 32% during the month to $712 million from $1.04 billion in June 2019. OTC interest rate derivative contracts also fell compared to the same time last year, down 75%. The notional value of contracts ...
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