Five banking giants were fined a combined total of 344 million euros for participating in an illegal foreign exchange (forex) trading cartel, EU antitrust regulators said on Thursday (Dec. 2). A total fine of 261 million euros was levied on UBS, Barclays, RBS and HSBC with an extra 83 million euros to Credit Suisse for exchanging sensitive information and trading plans, and
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Sheer Markets launched live streaming of contract for difference (CDF) Non-deliverable forwards (NDFs) and Emerging Markets currencies (EMFX), allowing retail traders and institutional clients to enter an untapped market with new investment potential. The Cyprus-based company provides retail traders and corporates accessibility to trade with a range of NDFs such as the Brazilian Real, Indian Rupee, and Korean Won, which have largely
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On June 7, a long-awaited revamp of the Hang Seng Index (HSI) will see the Hong Kong financials-heavy benchmark expand from 55 to 58 names, with the addition of Warren Buffett-backed auto and battery maker BYD, solar panel glass manufacturer Xinyi Solar Holdings, and real estate services company Country Garden Services. The overhaul of the HSI, first announced in March, is part
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Chicago-based CME Group on Wednesday (May 26) announced the first trades of the new interest rate futures based on the Central Bank of Mexico’s Overnight TIIE funding rate (F-TIIE). Launched on Monday (May 24) the trades were transacted by BBVA México, Monex Casa de Bolsa and Banorte, and were executed via Altura Markets and CME Direct. Mexican Overnight TIIE Funding Rate (F-TIIE)
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Brazilian crypto-focused asset management firm Hashdex, in partnership with Nasdaq, began trading Brazil’s first ETF cryptoactive in the Latin American country on Monday (April 26) at the Sao Paulo stock exchange (B3). Hashdex Nasdaq Crypto Index Fund (HNCI), the world’s first Bitcoin ETF, has the Nasdaq Crypto Index (NCI) as reference and its ticker symbol is HASH11. The HNCI ETF debuted with R$615
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