International derivatives and FX broker Sucden Financial has announced that it has appointed Kirsty Gillies as Global Head of eFX Sales, to further enhance its presence across worldwide FX markets. Kirsty Gillies basically replaces in the role Michael Davies, who recently moved to FCA regulated Prime of Prime brokerage Stater Global Markets. Sucden has lost a…
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Moscow Exchange (MOEX) has announced today that it began cooperating with Integral, a technology provider for the foreign exchange market, to deliver access to global FX liquidity for MOEX’s customers and FX liquidity from MOEX to the Integral network. Igor Marich, Managing Director of the Money and Derivatives Markets at Moscow Exchange, said: Our cooperation…
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Plenitude, a niche consultancy, specialising in Financial Crime Risk and Compliance, has announced the appointment of Steve Vinnicombe, former UK CEO of Capco UK, as a Non-Executive Director to help deliver Plenitude’s ambitious growth plans to meet the challenges posed by the evolving landscape of Financial Crime compliance. The announcement follows a sustained period of…
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Global connectivity provider Avelacom has just announced that it has opened a new office in Singapore, managed by Gabriel Bassas, VP Sales for APAC. In the past year Avelacom has seen double-digit growth in new business volumes coming from the APAC region, driven by clients demanding professional-grade connectivity services between APAC venues and exchanges, and to…
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Hello Diamonds, a blockchain-powered diamond platform, has announced to be shifting from the Ethereum network to Bitcoin Cash’s new smart contract platform Wormhole. The ultimate goal of the company is to provide a platform for seamless investing in precious minerals, while simultaneously offering the world’s first fully diamond-backed cryptocurrency. Hello Diamonds’ innovative approach convinced 2010…
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Australian regulator ASIC has announced earlier today that UBS Securities Australia Limited (UBS) has paid a penalty totalling $120,000 to comply with an infringement notice given by the Markets Disciplinary Panel (the MDP). The MDP had reasonable grounds to believe that UBS contravened Rule 3.3.1(b) of the ASIC Market Integrity Rules (ASX Market) 2010. The…
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FCA regulated online CFDs broker Plus500 Ltd (LON:PLUS) has issued a second Trading Update during Q4. After indicating (in late October) that its Q3 Revenues fell by 40% from the previous quarter to $100.1 million, Plus500 has now announced that the strong momentum reported in its Q3 Trading Update has continued into November to date. Accordingly, the…
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Bitcoin has certainly seen better days. The "people's currency" just tumbled 12% to below $5,000, currently trading at around $4,955. This is the lowest level that Bitcoin has hit in a year's time. Since the beginning of 2018, Bitcoin has lost more than 60% of its value, when in December 2017, it was trading for…
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CargoX is a company that offers blockchain-based solutions for the shipping industry. The company just launched its CargoX platform, the first neutral, open and accessible shipping and logistics platform in the world. According to the press release that CargoX issued: "The platform can be used by businesses of any size, and it was recently selected…
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The Board of the International Organization of Securities Commissions (IOSCO) has just published the findings of an updated survey that show respondent IOSCO members to be broadly compliant with the IOSCO Principles for the Regulation and Supervision of Commodity Derivatives Markets (the Principles). In 2010, the G20 Leaders identified the regulation and supervision of the…
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