FINRA fines State Street Global Markets for incomplete reports regarding payment for order flow arrangements

The firm failed to specify certain material aspects with respect to payment for order flow arrangements for various quarters between 2008 and 2016. State Street Global Markets, LLC has agreed to pay a monetary sanction of $75,000 as a part of a settlement with the United States Financial Industry Regulatory Authority (FINRA). Staff in Market Regulation’s

CME Group introduces Micro E-mini options

Options on the Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 futures are 1/10th the size of their E-mini options counterparts. International derivatives marketplace CME Group Inc (NASDAQ:CME) has announced the launch of options on its Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 futures contracts, which became available for trading today. Options on the Micro

Former FX “cartel” traders should have destroyed evidence after criminal case conclusion, DOJ says

Rohan Ramchandani and Richard Usher should not have kept any documents produced as part of the discovery in the criminal proceedings against them, according to the Department of Justice. The United States Department of Justice (DOJ) has responded to a request by former FX traders Richard Usher and Rohan Ramchandani to use discovery materials from the

Deutsche Bank names Huynh Buu Quang Acting CCO Vietnam

Deutsche Bank has a long track record in providing corporate finance and advisory solutions to Vietnamese corporates. Deutsche Bank today announced the appointment of Vietnamese banker, Huynh Buu Quang, as Acting Chief Country Officer (CCO) Vietnam. The appointment is subject to State Bank of Vietnam final approval. Quang has led significant transformation and growth strategies for