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ASIC Takes Legal Action Against ASX Over Allegedly Misleading Statements on CHESS Replacement Project
The Australian Securities and Investments Commission (ASIC) has initiated legal proceedings in the Federal Court against ASX Limited, the country’s largest market operator, accusing the company of making misleading statements regarding its Clearing House Electronic Subregister System (CHESS) replacement project. ASIC contends that ASX misrepresented the status of the project in announcements made on 10…
One Trading Secures OTF License for Crypto Derivatives Trading in the EU
One Trading, the European crypto-asset exchange, has obtained an Organised Trading Facility (OTF) License from the Dutch financial market regulator AFM, establishing itself as a MiFID II trading venue. This is the culmination of a multi-year effort between One Trading, AFM and the Dutch Central Bank (DNB) to bring crypto futures onshore within the EU….
tanX Achieves $1 Billion Quarterly Spot Trading Volume
Dubai-based digital asset trading platform tanX reported a significant milestone in Q2 2024, processing $1 billion in spot trading volume across 3 million transactions, reflecting a 70% increase from the previous quarter. The platform’s success is set against a backdrop of rising interest in decentralised trading solutions, particularly in the wake of FTX’s collapse, which…
Post-Trade Evolution: Insights from OSTTRA’s Leadership on Industry Challenges
OSTTRA is a relatively new company formed in 2021 as a joint venture between CME Group and IHS Markit (now a wholly-owned subsidiary of S&P Global). It unites four businesses that have been central to post-trade evolution and innovation for over 25 years: MarkitServ, Traiana, TriOptima, and Reset. With 1,200 employees and eight global office…
Trading Technologies Unveils Futures TCA and Multi-Asset Trade Surveillance Solutions
Capital markets technology provider Trading Technologies International, Inc. (TT), has introduced two new offerings to its solution suite, enhancing its Data & Analytics and Compliance business lines: TT Trade Surveillance and TT Futures TCA. TT Trade Surveillance, powered by TT’s proprietary SCORE machine learning algorithm, expands the company’s surveillance capabilities across multiple asset classes, including…
A-Team Group Announces Winners of TradingTech Insight Awards USA 2024
A-Team Group has announced the winners of its TradingTech Insight Awards USA 2024. These awards recognise excellence in trading solutions, services and consultancy for capital markets, and focus on vendors providing exceptional trading infrastructure, trading technology, and data solutions. The awards were presented during a celebratory drinks reception after the close of A-Team Group’s TradingTech…
Avelacom Expands Network with New Low Latency Routes To/From Seoul, Targeting Crypto Traders
Avelacom, the low latency connectivity, IT infrastructure and data solutions provider, has expanded its global network with two new low latency routes, Seoul-Hong Kong, and Seoul-Singapore, enhancing interconnectivity between the three financial centres. The routes in Seoul terminate at the KINX Gasan data centre, where Avelacom has established its point-of-presence (PoP). This location was selected to…
GCEX Partners with DV Chain to Enhance Crypto Liquidity Offering for Institutional Clients
GCEX Group, the regulated digital brokerage that provides institutional and professional clients with deep liquidity in CFDs on digital assets and FX, as well as spot trading and conversion of digital assets, has partnered with DV Chain, the cryptocurrency liquidity provider, to enhance its services for institutional clients. By leveraging DV Chain’s crypto liquidity, GCEX…
DTCC, Clearstream, and Euroclear Collaborate on Digital Asset Ecosystem Framework
Three leading financial market infrastructures – DTCC, Clearstream, and Euroclear – in collaboration with Boston Consulting Group (BCG), have unveiled a blueprint aimed at establishing an industry-wide digital asset ecosystem to drive acceptance of tokenised assets. The paper, “Building the Digital Asset Ecosystem,” highlights a significant $16 trillion business opportunity by 2030 through the tokenisation…
ACCX Group Secures FCA Licence for Crypto Derivatives Marketplace
ACCX Group (UK) Limited, the digital asset exchange group, has achieved a significant milestone by obtaining a licence from the UK’s Financial Conduct Authority (FCA) for a regulated and centrally cleared derivatives marketplace. The platform is designed to offer financial institutions cash-settled futures and options based on a robust benchmark index of cryptocurrencies, in order…