News Centre

DGCX Monthly Bulletin - February 2024

Date 14/03/2024

In February 2024, 152,094 contracts were traded on DGCX with a value of USD 3,653.22 million and an average Open Interest of 10,043.

Hong Kong Securities And Futures Commission: Pre-Trial Review Fixed For Unlicensed Dealing Prosecution

Date 14/03/2024

The Eastern Magistrates’ Court today set down 23 May 2024 for a pre-trial review of the prosecution brought by the Securities and Futures Commission (SFC) against Ms Lai Ka Yi.

Investing In Outcomes: A Regulatory Approach To Deliver For Consumers, Markets And Competitiveness, Speech By Nikhil Rathi, UK Financial Conduct Authority Chief Executive Delivered At The Morgan Stanley Financials Conference

Date 14/03/2024

Key points:

• We want a deeper, more open relationship with investors, analysts, and the markets as a whole – particularly now that we have more freedom to tailor our rules to our markets. 
• We will be pragmatic when looking at enforcement of the Consumer Duty, tackling breaches that pose the greatest risk of harm but looking favourably on firms that have made reasonable efforts to address concerns. 
• We are not a price regulator and we will not stand in the way of well-run businesses making profits in the face of effective competition. 
• In dealing with motor finance claims, we have intervened now to establish the facts and are aiming for earlier clarity than previous redress events. The more quickly and comprehensively firms cooperate with requests for data, the sooner we can conclude our work.
• Firms and their investors need honest conversations about the balance between short-term shareholder returns and long-term investment to ensure medium-term competitiveness. 

Issuance.Swiss AG Becomes New Crypto ETP Issuer At SIX Swiss Exchange

Date 14/03/2024

SIX welcomes Issuance.Swiss AG as a new issuer of exchange traded products (ETPs) with crypto currencies as underlyings. Issuance.Swiss AG is launching products by Figment Europe and Liqwid Finance through a partnership with Apex Group. It is the 18th issuer of ETPs at SIX Swiss Exchange.

Hong Kong Securities And Futures Commission Warns Public Against Unlicensed Virtual Asset Trading Platform Bybit

Date 14/03/2024

The Securities and Futures Commission (SFC) today warns the public of an unlicensed virtual asset trading platform (VATP) known as Bybit, which offers trading services in crypto-related products in a number of jurisdictions.

ASX Commences Industry Consultation On Its Proposed Approach To Deliver CHESS Replacement

Date 14/03/2024

Today ASX released a public consultation paper calling for feedback on the two-stage approach it has proposed for the delivery of CHESS replacement, as well as the proposed implementation plan for the clearing service, which is to be delivered in the first release. 

ASIC And APRA Release A Cross-Industry Information Package On The Financial Accountability Regime

Date 14/03/2024

The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have published new information to help banks, insurers and superannuation trustees prepare for the commencement of the Financial Accountability Regime (FAR).

Canadian Securities Regulators Issue Statements On Proposed Sustainability Disclosure Standards And Ongoing Climate Consultation

Date 13/03/2024

The Canadian Securities Administrators (CSA) today welcome the launch of the Canadian Sustainability Standards Board’s (CSSB) consultation on Canadian Sustainability Disclosure Standards 1 and 2.

CFTC Files Action To Permanently Revoke Registrations Of Mississippi Man Convicted On Criminal Charges

Date 13/03/2024

The Commodity Futures Trading Commission today announced it commenced a registration action against Ted Brent Alexander of Jackson, Mississippi. The CFTC action is based on Alexander’s guilty plea to conspiracy to commit wire fraud in a federal criminal case.

Robinhood Markets, Inc. Reports February 2024 Operating Data

Date 13/03/2024

Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for February 2024:

• Funded Customers at the end of February were 23.6 million, up approximately 130 thousand from January 2024.
• Assets Under Custody (AUC) at the end of February were $118.7 billion, up 16% from January 2024. Net Deposits were $3.6 billion in February, translating to a 42% annualized growth rate relative to January 2024 AUC. Over the last twelve months, Net Deposits were $21.6 billion, translating to an annual growth rate of 29% relative to February 2023 AUC.
• Trading Volumes in February were higher across all asset classes relative to January 2024. Equity Notional Trading Volumes were $80.9 billion (up 36%). Options Contracts Traded were 119.1 million (up 12%). Crypto Notional Trading Volumes were $6.5 billion (up 10%).
• Margin Balances at the end of February were $3.8 billion, up 6% from the end of January 2024.
• Total Cash Sweep Balances at the end of February were $18.1 billion, up $1.3 billion or 8% from the end of January 2024.
• Total Securities Lending Revenue in February was $13 million, up 8% from January 2024.