News Centre

Eurex To launch Daily Options

Date 22/08/2023

• Eurex extends its diversified equity index product suite by listing Daily Options.
• Trading in EURO STOXX 50® Index EoD Options (OEXP) will start as of 28 August 2023.
• Institutional demand for options with short-term expiries has strongly increased as investors seek to react quickly and precisely to specific market events.

Marex Announces 2023 Interim Results - Strong Growth Delivered In First Half, Positive Outlook For Full Year Performance

Date 22/08/2023

Marex Group plc ('Marex' or the 'Group'), the diversified global financial services platform, announces strong results for the six months to 30 June 2023 (the 'period'). The Group has been transformed by ongoing investments in organic growth and selective acquisitions, enabling us to increase our market share and deliver very strong growth in revenue and profitability in the first half of the year. The increasing scale of the Group's global and diversified franchise, post the ED&F Man Capital Markets acquisition which closed in the second half of 2022, has resulted in improved margins and materially higher ROE.

Hong Kong Securities And Futures Commission Reprimands And Fines China Industrial Securities International Brokerage Limited $3.5 Million For Internal Control Failures

Date 22/08/2023

The Securities and Futures Commission (SFC) has reprimanded and fined China Industrial Securities International Brokerage Limited (China Industrial) $3.5 million for internal control failures relating to monitoring of suspicious trading activities and recording of client order instructions.

Announcement Of Approval Of 4 Institutions Including CICC Financial Products Ltd. As SGE’s International Members And Termination Of The Shanghai Gold Exchange International Membership Of PAMP SA

Date 22/08/2023

SGE hereby announces that, CICC Financial Products Ltd., Decent Import & Export (HK) Limited, Zijin Gold Technology (Hainan) Co., LTD, Shanghai Yuye Trading Co., Ltd., have been officially admitted as SGE International members. Meanwhile, PAMP SA has been officially approved to terminate the SGE international membership.

Shenzhen Stock Exchange Market Bulletin, August 18, 2023, Issue 27

Date 22/08/2023

Click here to download Shenzhen Stock Exchange's market bulletin, issue 27.

SIFMA Fixed Income Market Close Recommendation In The U.S., The U.K., And Japan For U.S. Labor Day Holiday

Date 21/08/2023

SIFMA has confirmed its previous holiday recommendation for a full market close on Monday, September 4, 2023, for the trading of U.S. dollar-denominated fixed income securities in the U.S., the U.K., and Japan in observance of the U.S. Labor Day holiday.

FINRA Names Bill St. Louis As New Head Of Enforcement

Date 21/08/2023

FINRA announced today that it has appointed Bill St. Louis as Head of Enforcement, effective immediately. St. Louis, an Executive Vice President, was most recently head of FINRA’s National Cause and Financial Crimes Detection Program (NCFC). St. Louis will be responsible for the management of approximately 350 enforcement staff in 11 offices across the United States and will report directly to FINRA CEO Robert Cook.

SEC Charges FinTech Investment Adviser Titan For Misrepresenting Hypothetical Performance Of Investments And Other Violations - These Charges Mark The First Violation Of The SEC’s Amended Marketing Rule

Date 21/08/2023

The Securities and Exchange Commission today announced charges against Titan Global Capital Management USA LLC, a New York-based FinTech investment adviser, for using hypothetical performance metrics in advertisements that were misleading. The SEC also charged Titan with multiple compliance failures that led to misleading disclosures about custody of clients’ crypto assets, the use of improper “hedge clauses” in client agreements, the unauthorized use of client signatures and the failure to adopt policies concerning crypto asset trading by employees.

Coinbase Announces Early Tender Results And An Increase In Consideration In Connection With Cash Tender Offer For Up To $150.0 Million Aggregate Purchase Price Of Its Outstanding 3.625% Senior Notes Due 2031

Date 21/08/2023

Coinbase Global, Inc. (the “Company” or “Coinbase”) today announced the early tender results of its previously announced offer to purchase for cash (the “Tender Offer”) up to $150.0 million in aggregate purchase price (the “Maximum Tender Amount”), excluding accrued and unpaid interest, of its 3.625% Senior Notes due 2031 (the “Notes”).

Disappointment From SEC ETF Decisions Has Impacted Sentiment - CoinShares: Fund Flows

Date 21/08/2023

• Digital asset investment products saw outflows totalling US$55m, we believe this is in reaction to recent media highlighting that a decision by the US Securities & Exchange Commission in allowing a US spot-based ETF is not imminent.
• Bitcoin saw outflows totalling US$42m, reversing the inflows seen the prior week, while short-bitcoin saw outflows for almost the 17th consecutive week.
• Ethereum saw US$9m outflows, while Polygon, Litecoin and Polkadot also saw outflows of US$0.9m, US$0.6m and US$0.5m respectively.