Trading technology solutions provider TradAir has just announced that it has made enhancements to its flagship trading solution to make it more dynamic for crypto currency traders and clients in growth markets. This is the first major platform update since the arrival of new Chief Technology Officer, Sebastien Donadio. All crypto trades have been marked…
Read more
The Monetary Authority of Singapore (MAS) and the China Securities Regulatory Commission (CSRC) have affirmed their commitment to strengthen supervisory cooperation and enhance financial connectivity between the capital markets of both countries, at the 3rd MAS-CSRC Supervisory Roundtable held on 24 October 2018. The Roundtable was co-chaired by MAS’ Deputy Managing Director Mr Ong Chong…
Read more
UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company FX Merchants. FX Merchants is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
Read more
FCA regulated Prime of Prime brokerage Stater Global Markets has announced that FX industry veteran Ashraf Agha has been appointed as a Strategic Advisor to the company, bringing significant expertise in operations, compliance and Prime of Prime. Ashraf Agha has almost 30 years’ experience in the financial sector, with roles including Head of Treasury at…
Read more
FINRA has announced that it has fined LPL Financial, LLC $2.75 million for complaint-reporting and AML program failures that spanned a period of more than three years. FINRA found that LPL failed to file or amend registered representatives’ Forms U4 or U5 to disclose dozens of reportable customer complaints. LPL too narrowly interpreted the requirement…
Read more
European financial regulatory body ESMA has come out with more details on its decision to extend its CFD leverage cap for a second three month period. The new ESMA rules governing leveraged CFD and Forex trading came into effect on August 1, with ESMA announcing at the end of September that it would renew the…
Read more
LiquidityBook, a Software-as-a-Service (SaaS)-based provider of buy-and sell-side trading solutions, has just announced that Tremblant Capital, a global asset management firm, has selected the SaaS-based LBX Buy Side as its full POEMS (portfolio, order and execution management system), with the integrated LBX Connect as its FIX routing network. LBX Buy Side replaced an existing system…
Read more
Derivatives marketplace CME Group (NASDAQ:CME) and NEX Group (LON:NXG) have announced they have received clearance from the UK Competition and Markets Authority for CME Group's proposed acquisition of NEX. Completion of the transaction remains subject to sanction by the UK Court. The parties have scheduled the court hearing for November 1, 2018 and expect the closing to…
Read more
Recently-launched Cyprus based Retail FX and CFDs broker Capital.com has announced that it has secured a license for UK subsidiary Capital Com (UK) Limited from the FCA. We have learned via regulatory filings that Capital.com's shareholders injected an additional £679,000 of capital into the UK company at the beginning of this month, to satisfy the…
Read more
MSCI Inc. (NYSE: MSCI), a provider of research-based indexes and analytics, has announced today that the MSCI Global Investable Market Indexes will continue to reflect the complete investable equity universe for international institutional investors. Hence, equity securities with unequal voting structures will continue to be eligible for inclusion in the MSCI Global Investable Market Indexes…
Read more