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cointrade.cc: BaFin Investigates Twingle Consulting LTD

Date 29/07/2022

In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), BaFin would like to make clear that Twingle Consulting LTD has not been granted authorisation under the KWG to conduct banking business or provide financial services. The company is not supervised by BaFin. The information provided on the company’s website, cointrade.cc, gives reasonable grounds to suspect that Twingle Consulting LTD is conducting banking business and providing financial services in the Federal Republic of Germany without the required authorisation.

EBA Launches Call For Candidates To Expand Its Reserve List For The Banking Stakeholder Group

Date 29/07/2022

The European Banking Authority (EBA) today launched a call for interest to expand its reserve list of candidates who can be appointed in the current Banking Stakeholder Group (BSG) when a vacancy arises.  The EBA is expanding the existing reserve list so as to fulfil its needs until the end of the current BSG mandate on 30 June 2024. The deadline for application is 16 September 2022 by no later than by no later than 23.59 CET.

BingX Expands its Footprint Into Germany

Date 29/07/2022

BingX, the leading social trading exchange offering USDC options, has announced its expansion of operations into Germany. This follows the opening of its Lithuania office in April.

Wrdnvip.com Trading Platform: BaFin Investigates Mainserver Ltd

Date 29/07/2022

In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), BaFin would like to make clear that Mainserver Ltd has not been granted authorisation under the KWG to conduct banking business or provide financial services. The company is not supervised by BaFin. The information provided on the company’s website, wrdnvip.com, gives reasonable grounds to suspect that Mainserver Ltd is conducting banking business and providing financial services in the Federal Republic of Germany without the required authorisation.

MiFIR Report - Response From Managed Funds Association

Date 29/07/2022

Responding to the European Parliament's Report on MIFIR, Jillien Flores, MFA’s Executive Vice President and Managing Director, Head of Global Government Affairs, The Managed Funds Association, representing 150 of the world’s leading global hedge funds, with nearly $2.6 trillion AUM, said: :

"The draft MIFIR report is a positive step for markets. The rising price of market data harms efforts to strengthen the capital markets union and the report’s recommendations will provide ESMA the tools to ensure data is provided on a fair, commercial basis. All market participants should be able to secure market data at a reasonable fee that reflects the cost to produce and disseminate the data.

MNI Indicators: Chicago Business Barometer™ – Fell Further In July

Date 29/07/2022

Key Points – July Report

The Chicago Business BarometerTM, produced with MNI, slid further in July, extending June’s decline. The indicator fell 3.9-points to 52.1, the lowest level since August 2020.

Order-By-Order Competition: Alternative To Routing Retail Stock Orders To Auctions - By Kelvin To, Founder And President Of Data Boiler Technologies

Date 29/07/2022

The hypes with regard to the SEC set to reveal proposals on “order-by-order” competition (routing retail stock orders to auctions) really got me confused. Is the SEC Chair Gensler really serious about enforcing BestEx, Order Protection and curbing Conflicts of Interest, or is the Agency is SAYING ONE THING BUT DO ANOTHER when faced with industry pressure? Reference to 79 FR 5592, footnote 711 regarding the Dodd-Frank Volcker Rule. It said “The Agencies are not adopting a “transaction-by-transaction” approach because the Agencies are concerned that such an approach would be unduly burdensome or impractical and inconsistent …”

Canadian DB Pension Plan Quarterly Returns Tied For Lowest In Three Decades - Geo-Political Climate, Interest Hikes And Other Economic Concerns Weigh On Performance

Date 29/07/2022

Canadian pension plans delivered negative returns in public market asset classes across the board this past quarter, according to the RBC I&TS All Plan Universe. Global economic health concerns, stock market selloffs and rising bond yields weighed heavily on defined benefit (DB) pension plan assets, which decreased by 8.6% for the second quarter of 2022, bringing year-to-date total returns to -14.7%.

NSE Indices Index Dashboard For The Month Ended July 2022

Date 29/07/2022

Click here to download the 'Index Dashboard' for the month ended July 2022. 

Cboe Global Markets Reports Results For Second Quarter 2022

Date 29/07/2022

Second Quarter Highlights

Diluted EPS for the Quarter of $(1.74), Down 278 percent, primarily due to the impairment of goodwill recognized in the Digital reporting unit
Adjusted Diluted EPS for the Quarter of $1.67, Up 21 percent
Net Revenue for the Quarter of $424 million, Up 21 percent
Increases Organic Total Net Revenue Growth2 Target for 2022 to 9 to 11 percent, from 5 to 7 percent; Increases Data and Access Solutions Organic Net Revenue Growth2 Target to 10 to 13 percent, from 8 to 11 percent
Increases 2022 Adjusted Operating Expense Guidance2 to $659 to $667 million, from $617 to $625 million.