Securities / Derivatives

Enforcement

CFTC Fines Three Major FIs for Swap Reporting and Other Violations

By Mark Johnston | 03/10/2023

Affiliates of Goldman Sachs, JP Morgan, and Bank of America were fined a total $53mn for violating rules for swap dealers.

Market Infrastructure

Bursa Malaysia Extends Derivatives Partnership With CME Group

By Editors | 03/10/2023

Under the extension, Bursa Malaysia Derivatives contracts will continue to be hosted on CME Globex until September 2028.

Securities / Derivatives

SGX Launches First Ammonia Derivatives Contracts

By Editors | 03/10/2023

SGX launched its first ammonia swap and futures contracts covering FOB Middle East and CFR East Asia pricing points.

Capital / Liquidity

NZ FMA Updates Liquidity Risk Management Guidance for Funds

By Editors | 02/10/2023

The proposed guidance makes clear that effective liquidity risk management is a legal obligation of MIS managers and supervisors.

Enforcement

Former Goldman Analyst, Three Others Charged for Insider Trading

By Mark Johnston | 02/10/2023

The former analyst tipped his friends to impending M&A deals. Together they made over $460,000 from trading on nonpublic information.

Fintech / Regtech

ISDA Exploring Development of “Industry Notices Hub”

By Editors | 30/09/2023

The hub would help to address uncertainty over the delivery of critical notices between derivatives market counterparties.

AML / KYC

ESMA Withdraws JSE Clear’s Recognition Decision

By Editors | 29/09/2023

JSE Clear will no longer be permitted to provide clearing services to clearing members or trading venues in the EU.

Securities / Derivatives

India Considers Allowing Trading in Fractional Shares – Report

By Mark Johnston | 29/09/2023

Fractional shares could simplify investing for India’s retail investors and help address the market entry challenges they currently face.

Securities / Derivatives

HKEX Allows Saudi Companies to Apply for Secondary Listings in Hong Kong

By Editors | 29/09/2023

Companies with a primary listing on the Saudi Exchange’s Main Market can apply for a secondary listing in Hong Kong.