News Centre

CFTC: Federal Court Orders Illinois Man And His Entities To Pay Over $20 Million In Restitution And Penalties For Commodity Pool Ponzi Scheme

Date 15/11/2023

The Commodity Futures Trading Commission today announced the U.S. District Court for the Northern District of Illinois entered an order of final judgment against Chicago-based Phillip Galles and the various Tyche entities he controlled: Tyche Asset Management LLC, Tyche Master Fund Ltd, Tyche Asset Trade LLC, Tyche Offshore Fund Ltd., Tyche Onshore Fund LP, Tyche PML Master Fund Ltd., Tyche PML Onshore Fund LP, Tyche Onshore Fund GP LLC, and Tyche Asset Trade LLC.

Robinhood Markets, Inc. Reports October 2023 Operating Data

Date 15/11/2023

Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for October 2023:

• Net Cumulative Funded Accounts (NCFA) at the end of October were 23.3 million, up approximately 30 thousand from September 2023(1).
  
  
• Assets Under Custody (AUC) at the end of October were $84.6 billion, down 2% from September 2023. Net Deposits were $1.0 billion in October, translating to a 14% annualized growth rate relative to September 2023 AUC. Over the last twelve months, Net Deposits were $16.7 billion, translating to an annual growth rate of 24% relative to October 2022 AUC.
  
  
• Trading Volumes in October were higher for equities, options, and crypto compared to September 2023. Equity Notional Trading Volumes were $50.8 billion (up 15%). Options Contracts Traded were 96.6 million (up 11%). Crypto Notional Trading Volumes were $2.3 billion (up 92%).
  
  
• Margin Balances at the end of October were $3.5 billion, down 3% from September 2023.
  
  
• Cash Sweep Balances at the end of October were $13.9 billion, up $0.3 billion (2%) from the end of September 2023.

CFTC Commissioner Pham To Speak In Singapore on November 15-16

Date 15/11/2023

NGX Regulation Limited’s "EquipHER" Initiative For Women's Empowerment In Nigeria's Equity Market

Date 15/11/2023

In adherence to its role as a Self-Regulatory Organisation (SRO) committed to advancing market development and fostering a robust and sustainable equity market, NGX Regulation Limited (NGX RegCo) introduces "EquipHER." An initiative dedicated to empowering women and driving inclusive growth within Nigeria's Equity Market.

Readout: US Deputy Secretary Of The Treasury Wally Adeyemo’s Meeting With Deputy Prime Minister And Minister For Finance Sigrid Kaag Of The Netherlands

Date 15/11/2023

Today, Deputy Secretary of the Treasury Wally Adeyemo met with the Netherlands’ Deputy Prime Minister and Minister for Finance Sigrid Kaag. Deputy Secretary Adeyemo and Deputy Prime Minister Kaag exchanged views on global economic issues and areas of bilateral collaboration. Deputy Secretary Adeyemo discussed how allies and partners can best support Ukraine and joint work on international financial institutions. Deputy Secretary Adeyemo thanked Deputy Prime Minister Kaag for the Netherlands’ commitment to combating Russia’s unjustified aggression against Ukraine.

New York State Department of Financial Services Superintendent Adrienne A. Harris Adopts New Regulatory Guidance Regarding The Listing Of Virtual Currencies - Expectations Set Forth Nation-Leading Requirements For The Virtual Currency Industry

Date 15/11/2023

New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris today issued guidance which adopts enhanced requirements for coin-listing and delisting policies of DFS-regulated virtual currency entities, updating the prior framework issued by the Department in 2020.

US Acting Comptroller Of The Currency Testifies On Regulatory Priorities

Date 15/11/2023

Acting Comptroller of the Currency Michael J. Hsu today testified on regulatory priorities before the Committee on Financial Services of the U.S. House of Representatives.

ISDA Wins Regulation Asia’s Industry Association Of The Year Award

Date 15/11/2023

ISDA has been named Industry Association of the Year by Regulation Asia at its sixth annual Awards for Excellence 2023.

DTCC’S Alert Surpasses 15 Million Standing Settlement Instructions - DTCC Launches An Alert API Suite, Providing New Way For Industry To Request And Receive SSI And Market Availability Data

Date 15/11/2023

DTCC, the premier post-trade market infrastructure for the global financial services industry, today announced that DTCC ALERT, the industry’s largest online global database for the maintenance and communication of account and standing settlement instructions (SSIs), has reached a key milestone with over 15 million SSIs, including three million cash SSIs, now included in the service— a 50% increase since 2021. This growth comes at a critical time, as the U.S. moves to a T+1 settlement cycle in May 2024. Accurate, automated SSIs are key to the facilitation of accelerated settlement, as leveraging golden copy data limits discrepancies that could potentially cause failed or delayed trades.

Finansinspektionen: Monitor What Your Funds Are Costing You

Date 15/11/2023

Today, almost all households invest in funds, either directly through private savings or indirectly through our pensions. However, close to one third of fund savers are unaware of how high the fund fee is and many risk paying too much for their savings. We are, therefore, now publishing the most common fees for some popular fund categories to help consumers monitor what certain funds cost.