News Centre

Dubai Mercantile Exchange Auctions: A Premium Of $3.69 Per Barrel Over June OSP For 1 Million Barrels Of Oman Crude - 43.6 Million Barrels Auctioned, Generating $21.69 Million In Premiums

Date 19/04/2022

The Ministry of Energy and Minerals (MEM) in Oman sold a cargo of 1 million barrels of Oman crude via DME auctions platform. The barrel cargo of June-loading Oman crude was awarded at a premium of $3.69 per barrel over the June OSP.

Spectrum Markets: Q1 2022 Trading Volumes Grew 44% On Previous Year

Date 19/04/2022

• 300 million securitised derivatives traded in Q1 2022 compared to 207 million in Q1 2021
• Most traded underlyings were DAX 40, S&P 500 and NASDAQ 100
• Strong momentum on turnover, with an increase of 188% on previous year

UniCredit Extends Partnership With Worldline For Open Banking - Payment Initiation Services And Account Information Services For The Benefit Of Customers Across Europe Via A Single API

Date 19/04/2022

UniCredit, one of the major pan-European banks, has renewed the partnership with Worldline [Euronext: WLN], a global leader in payment services, for the Open Banking Third Party Provider (TPP) service.

Dubai Financial Market Welcomes HSBC As General Clearing Member

Date 19/04/2022

• HSBC to commence equities clearing in May 2022 and is looking at the opportunity to offer equities futures clearing
• Announcement underlines international institutional demand for opportunities on DFM

Greengage Announces Acquisition Of Consultancy Group Silver Lined Solutions - Strengthens Core IT Architecture And Delivers New Client-Focused Solutions

Date 19/04/2022

Greengage, a fully-integrated financial services group bridging traditional fiat currency banking services with the emerging digital asset sector, today announced its acquisition of Silver Lined Solutions Limited (SLS). SLS is one of the most highly rated Salesforce consultancy partners in the financial services space and has been actively engaged in building a differentiated core IT architecture for Greengage. Silver Lined Solutions will now be rebranded as Greengage Solutions Ltd (GGS). 

SEC: Atlanta-Based Pest Control Company, Former CFO Charged With Improper Earnings Management - Rollins Inc. Agrees To Pay $8 Million To Settle Accounting Violations

Date 18/04/2022

The Securities and Exchange Commission today announced that Rollins Inc. agreed to pay $8 million to settle charges that it engaged in improper accounting practices in order to boost its publicly-reported quarterly earnings per share (EPS) to meet research analysts’ consensus estimates.

SEC: Statement On Jury’s Verdict In Trial Of Edward S. Walczak, Gurbir S. Grewal, Director, Division Of Enforcement, April 18, 2022

Date 18/04/2022

After a five-day trial, a jury serving in the United States District Court for the Western District of Wisconsin found Edward S. Walczak liable for negligence-based securities fraud for misrepresenting to investors how he would manage risk in the Catalyst Hedged Futures Strategy Fund.

CFTC Swaps Report Update

Date 18/04/2022

Released: Weekly on Mondays at 3:30 p.m.

http://www.cftc.gov/MarketReports/SwapsReports/index.htm

SEC Charges Senior Executive Of Brazilian Company With Fraud

Date 18/04/2022

The Securities and Exchange Commission today announced charges against Fernando Passos, the former executive vice president of finance and investor relations of Brazilian reinsurance company IRB Brasil Resseguros S.A., for allegedly planting a false story with the media and disseminating false documents claiming that Berkshire Hathaway Inc. had recently made a substantial investment in IRB.

Remarks By US Deputy Secretary Of The Treasury Wally Adeyemo At The Peterson Institute For International Economics

Date 18/04/2022

Thank you so much to Adam and the Peterson Institute for International Economics for hosting me today. This week’s Spring Meetings of the IMF and World Bank come at a pivotal moment for the international financial system and the global economy. Russia’s brutal and unprovoked war in Ukraine has catalyzed the kind of coordinated and multilateral response not seen since the terrorist attacks of September 11. The multilateral coalition President Biden has helped assemble is animated by the idea that you cannot violate the sovereignty of another country and continue to enjoy the privileges of integration into the global economy—a position reflected in our swift and decisive actions to counter Russia’s aggression.