News Centre

Changes To Monetary Authority Of Singapore Board Of Directors

Date 28/05/2021

The Monetary Authority of Singapore (MAS) today announced the appointment of Mr Lawrence Wong, Minister for Finance, and Mrs Deborah Ong to its Board of Directors for a term of three years from 1 June 2021 to 31 May 2024. MAS also announced the re-appointments of existing Board members.

Shanghai Stock Exchange Holds 2021 Technology Conference

Date 28/05/2021

Featuring the theme of “Digitization for Integrity and Innovation”, the first industry-wide technology conference (the “Conference” for short) held successfully by the Shanghai Stock Exchange (SSE) on May 28 has set up a high-level industry technology exchange platform in line with the spirits of the 5th Plenary Session of the 19th CPC Central Committee and the strategic plan of “accelerating digital development” specified in the “14th Five-year Plan” and the “Long-Range Objectives through the Year 2035”. The conference aimed at promoting the digital transformation and the information technology application and innovation in the whole industry, improving the level of science and technology in the capital market, and enhancing the capacity to prevent risks and serve the real economy. Vice Chairman Zhao Zhengping of the China Securities Regulatory Commission (CSRC) delivered a speech at the conference. Attending the Conference were officials from relevant departments and institutions of the CSRC system, the Shanghai Municipal Commission of Economy and Informatization, and the Suzhou Industrial Park Administrative Committee, as well as technology officials, experts and scholars from securities, asset management and futures companies, colleges and universities, scientific research institutions, and technology companies.

Iconic Funds BTC ETN GmbH Lists Its First Bitcoin ETP At SIX

Date 28/05/2021

Today, SIX welcomes Iconic Funds BTC ETN GmbH as a new ETP issuer. Iconic Funds is the fourth crypto ETP issuer joining in 2021 and brings the number of crypto products offered for trading at SIX Swiss Exchange to 92.

Bursa Malaysia Derivatives Records New All-Time High In Daily Trading Volume For The FTSE Bursa Malaysia KLCI Futures

Date 28/05/2021

The FTSE Bursa Malaysia KLCI Futures (“FKLI”) traded on Bursa Malaysia Derivatives recorded a new all-time high in daily trading volume on 27 May 2021.

Nadex Refrains From Listing Certain Contracts

Date 28/05/2021

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(i), Nadex took the following actions: 

• No EUR/JPY, GBP/JPY, GBP/USD, or USD/CAD 5-Minute contracts were listed on trade date May 24, 2021 for the 6:05pm ET expiration time; additionally, no EUR/JPY or GBP/JPY 5-Minute contacts were listed for the 6:10pm ET expiration time.

US Department Of Justice: Bank Julius Baer Agrees To Pay More Than $79 Million For Laundering Money In FIFA Scandal

Date 27/05/2021

Bank Julius Baer & Co. Ltd. (BJB or the Bank), a Swiss bank with international operations, has admitted today in federal court in Brooklyn that it conspired to launder over $36 million in bribes through the United States to soccer officials with the Fédération Internationale de Football Association (FIFA) and other soccer federations, in furtherance of a scheme in which sports marketing companies bribed soccer officials in exchange for broadcasting rights to soccer matches. The proceeding was held before U.S. District Judge Pamela K. Chen.

British Columbia Securities Commission Alleges That Vancouver Man And Company Defrauded Investor Of $1.75 Million

Date 27/05/2021

The British Columbia Securities Commission (BCSC) is alleging that a Vancouver man and a company run by his father defrauded a B.C. investor and illegally distributed securities.

BOX Options Market Fee Change – June 2021

Date 27/05/2021

Effective June 1, 2021, BOX Options Market LLC (“BOX”) is amending certain fees in Section II of the BOX Fee Schedule.1 Specifically, the Exchange is increasing Market Maker manual transaction fees for Penny and Non-Penny Interval Classes to $0.35 from $0.25.

IMF Executive Board Approves FY 2022–FY 2024 Medium-Term Budget

Date 27/05/2021

On April 27, 2021, the Executive Board of the International Monetary Fund (IMF) approved the IMF’s administrative and capital budgets for financial year (FY) 2022, beginning May 1, 2021, and took note of indicative budgets for FY 2023–24.

SEC Charges Mutual Fund Executives With Misleading Investors Regarding Investment Risks In Funds That Suffered $1 Billion Trading Loss

Date 27/05/2021

The Securities and Exchange Commission today filed a civil action alleging that investment advisers LJM Funds Management Ltd. and LJM Partners Ltd. and their portfolio managers, Anthony Caine and Anish Parvataneni, fraudulently misled investors and the board of directors of a fund they advised about LJM's risk management practices and the level of risk in LJM's portfolios. The SEC separately settled related charges with LJM's Chief Risk Officer, Arjuna Ariathurai.