All Entries in the "Deutsche Securities" Category
ASX Fines Deutsche Bank 30000
The ASX Disciplinary Tribunal (the ‘Tribunal’) has imposed a total fine of $30,000 (plus GST) on Deutsche Bank AG (‘DBAG’) for the contravention of Operating Rule 3.1.5 of the Sydney Futures Exchange (‘Exchange’) by its Client (the ‘Client’), a related body of DBAG, by placing orders which resulted in trades that were misleading concerning the [...]
India’s Equity Market Microstructure Evolution
India’s equity market microstructure has undergone a significant transformation over the past few years. The key drivers of this change have largely been regulatory as Direct Market Access (DMA) and Smart Order Routing (SOR) have been permitted by the Security and Exchange Board of India (SEBI). Technology has also been a factor as both the [...]
2 Deutsche Warrant Traders Arrested
In response to media enquiries, an ICAC spokesman today (Thursday) confirmed that 11 persons were arrested for alleged bribery in relation to fraudulent trading of derivative warrants issued by a (Deutsche Bank) bank. Arrested in an operation codenamed “Leap Over”, which commenced on Tuesday, were two senior staff members of the bank as a warrant [...]
KRX Imposes Sanctions against Deutsche Securities Korea and Hana Daetoo Securities
On the basis of findings of the investigation into the causes of sudden market tumble on November 11, 2010 (the option expiry day), the Market Oversight Commission of the Korea Exchange (KRX) decided to fine the Deutsche Securities Korea (DSK) KRW 1 billion, the maximum member fine, and request the DSK to discipline its employees [...]
Korea FSC Bans Deutsche Bank
Violation of prohibition on market manipulation through the link between spot and futures by KOSPI200 stocks and derivatives trading on November 11, 2010, a KOSPI200 options’ expiry date. Case Overview According to investigation results, AAA1), who is head of Absolute Strategy Group (ASG) – Asia of Deutsche Bank AG Hong Kong Branch, DDD, who is [...]
Deutsche May Face $105 million In Fine Over Option Trading
Korean financial regulators have identified the source of suspicious trading of KOSPI shares on Nov. 11, dubbed “option terrorism” in the financial industry, as accounts belonging to Deutsche Bank registered in Hong Kong and London. The global bank may face fines of up to 120 billion won ($105 million) and those involved in the trading [...]
Korea FSS Probes Possible Unfair Trading Over Stock Selloff Through Deutsche Securities
The KOSPI index plunged 53.12 points to 1914.73 on November 11, 2010 as foreign investors sold off more than KRW1 trillion before the expiration of option contracts. Foreign investors sold a net KRW1.34 trillion of shares yesterday. Most of the selloff was confirmed to have been made through Deutsche Bank AG’s South Korean securities unit, [...]
Deutsche Bank Launches Automated Equity Trading System and Liquidity Algorithm in Hong Kong
Deutsche Bank announced today it has launched an automated equity trading system in Hong Kong that allows client orders to be matched against other client and internal orders. Known as the Deutsche Bank Automated Trading System (DBATS), it is being made available concurrently with a dark liquidity-seeking algorithm, SuperX, which gives clients access to Asian [...]
Deutsche Bank Joins SGX
Singapore Exchange (SGX) today said it has admitted Deutsche Bank to its securities market as a Bank Clearing Member. Mr Rama Pillai, Senior Vice President and Head of Sales & Distribution at SGX said, “SGX welcomes Deutsche Bank to our securities market. The addition of new SGX members with large international presence strengthens Singapore‘s position [...]
ASX Disciplinary Tribunal Fines Deutsche Bank
The ASX Disciplinary Tribunal (‘the Tribunal’) has determined the following: Deutsche Bank AG (‘DBAG’) contravened the following SFE Operating Rules: Contravention 1 – Expressions of Interest DBAG contravened Rule 3.1.1(a)(ii) in that it failed to make the necessary enquiry via the Trading Platform Message facility upon receipt of an Expression of Interest from its client. [...]
