The trading volumes on the cash markets of Deutsche Börse amounted to €1.29 trillion at the end of the third quarter, an increase of 20% compared to the same period last year. In 2017, turnover on the trading venues Xetra, Börse Frankfurt and Tradegate Exchange stood at €1.08 trillion at the end of September. On…
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All managed discretionary account (MDA) providers must now have an Australian financial services (AFS) license, with an MDA-specific ‘dealing by issue’ licence authorisation, Australian regulator ASIC announced earlier today. From today, MDA providers who do not have the required AFS license authorisations must cease providing MDAs until they have obtained those authorisations. An MDA is…
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The Commodity Futures Trading Commission (CFTC) has announced that it has charged interdealer broker TFS-ICAP LLC and TFS-ICAP Ltd. (TFS-ICAP) with fraud and supervision failures. In a Complaint filed in the U.S. District Court for the Southern District of New York, the CFTC alleges that, from approximately 2008 through 2015, brokers at TFS-ICAP offices in…
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The Securities and Exchange Commission (SEC) has announced that Credit Suisse Securities (USA) LLC has agreed to settle charges brought by the SEC and the Office of the New York Attorney General regarding material misrepresentations and omissions made in connection with its now-closed Retail Execution Services (RES) business’ handling of certain customer orders. The settlements…
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Blockparty, a blockchain-powered live events ticketing platform, has announced the appointment of three prominent executives in the blockchain space to its Board of Advisors. Following the public launch of Blockparty earlier the summer, Brian Kelly, CEO of BKCM LLC, Alex Waters, Advisor to Elm Labs, and Marshall Hayner, CEO and Founder of Metal Payments, will…
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The Securities and Exchange Commission (SEC) has announced that Elon Musk, CEO and Chairman of Silicon Valley-based Tesla, Inc. (NASDAQ:TSLA), has agreed to settle the securities fraud charge brought by the SEC against him last week. The SEC has also charged Tesla with failing to have required disclosure controls and procedures relating to Musk’s tweets,…
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Rebounding somewhat from the normal summer trading volumes slowdown, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw a modest 3% increase in average daily volumes during September, $35.8 billion versus $34.9 billion the previous month. Volumes remained however well below where they were during the…
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Following the normal summer slowdown in trading seen at a number of leading institutional FX platforms, Forex ECN FastMatch has reported that September 2018 FX trading volumes were down even further, coming in at $18.6 billion ADV. That is 4% below August's $19.5 billion, and also represents the lowest average-daily-volume figure of any month in 2018 for…
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Looking back, this seems like the week when ESMA's Forex and CFD leverage cap - which ESMA formally extended for a further three months, with minor modifications - really began to make its mark on the online trading industry as a whole. Revenue and earnings misses. Executives departing. CFD brokers being sold. And this is probably…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Northern Trust. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…
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