9.7 Industry News: Australia's ASIC tightens distribution of high

1. Cboe Global Markets Reports a 10.8% Year-over-Year Increase in Average Daily Foreign Exchange Trading Volume for August

Cboe Global Markets,Foreign exchange personal trading platform Inc. (Cboe) is a provider of global market infrastructure and tradable products. The company released its monthly trading volume statistics for August across its global business lines, revealing a 10.8% year-over-year increase in Global FX's average daily trading volume (ADV). However, declines were also observed across several stock markets.

2. Equinix Appoints Adam Berlew as Chief Marketing Officer

Equinix, Inc. (Equinix), a global digital infrastructure company, announced the appointment of Adam Berlew as Chief Marketing Officer (CMO), effective immediately. With over 25 years of strategic marketing and global leadership experience, Berlew previously served as Equinix's Global Vice President of Marketing from 2012-2015. Joining the Customer and Revenue (CRO) leadership team at Equinix, he will be responsible for driving customer acquisition and revenue growth through effective marketing strategies. Berlew has spent the majority of his career in leading enterprise technology companies, including Broadcom, Dell, Atlassian, Google, and Capital G.

3. Hong Kong Exchanges Announces New Office in London

Hong Kong Exchanges and Clearing Limited (HKEX), one of the world's leading exchange groups, announced the opening of a new office in London to further expand its international reach. The new London office will provide on-the-ground support to clients in the region, helping them access Hong Kong's extensive and diverse product ecosystem.

4. Australia's ASIC Enhances Oversight of High-Risk and Over-the-Counter Derivative Product Distribution

The Australian Securities and Investments Commission (ASIC) aims to address negligence in the design and distribution obligations (DDO) of over-the-counter (OTC) derivatives and other high-risk financial products, including Contracts for Difference (CFDs) and cryptocurrency derivatives. Recent reviews have found that most retail clients incur losses when trading CFDs, prompting ASIC to call on financial product issuers to address the issues and take steps to ensure products are designed to meet consumer needs and are targeted in their distribution. The regulator has taken action against multiple financial product issuers, including issuing stop orders and conducting investigations to address issues with high-risk products.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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