Cowen Execution Services fined $2.75 million for providing deficient blue sheet data LeapRate

September 14, 2018 BY Valentina Kirilova

Cowen Execution Services fined $2.75 million for providing deficient blue sheet data

The Securities and Exchange Commission (SEC) has announced that Convergex Execution Solutions LLC, now known as Cowen Execution Services LLC, will pay $2.75 million to settle charges that the broker-dealer firm provided the SEC with incomplete and deficient securities trading information known as “blue sheet data.” According to the SEC’s order, for nearly four years…

September 14, 2018 BY Valentina Kirilova

CySEC withdraws CIF license of Ouroboros Derivatives Trading Ltd

Cyprus financial regulator Cyprus Securities and Exchange Commission (CySEC) has announced that it has decided to withdraw the CIF license of a company called Ouroboros Derivatives Trading Ltd. The complete text of the regulator's decision can be seen below: Announcement date: 13.09.2018 CySEC Decision date: 03.09.2018 Regarding: Ouroboros Derivatives Trading Ltd Legislation: The Investment Services…

September 13, 2018 BY Mariela Naydenova

Morgan Stanley is "thinking" of a Bitcoin derivative product

After Goldman Sachs was said to launch a cryptocurrency trading desk this summer, which did not happen, now, another major US investment bank is on the "hunt" for creating a Bitcoin derivative product. Morgan Stanley is rumoured to be eyeing price return swaps that are actually tied to the "people's currency". As the price return…

September 13, 2018 BY Valentina Kirilova

FCA warns against Bradshaw Asset Management clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Bradshaw Asset Management. 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…

RoboMarkets changes conditions for trading indices

September 13, 2018 BY Valentina Kirilova

RoboMarkets adds 5 new features to R Trader platform

CySEC regulated online brokerage and investment company RoboMarkets has announced new additions to the multimarket R Trader platform features. The new features include the following: 1. Strategy Builder Improvements Indicators with equal parameters, such as fractals, can now be compared on different bars. The feature is available in the Strategy Editor. 2. Depth of Market (DoM) Level…

BIS announces key appointments in Singapore and Switzerland

September 13, 2018 BY Valentina Kirilova

INTL FCStone names Diane L. Cooper to Board of Directors

Commodities and Forex broker INTL FCStone Inc. (NASDAQ:INTL) has announced that its board of directors has appointed a new director, Diane L. Cooper. Cooper retired in 2016 as an officer of General Electric. From 2009 until 2016, she served as President and CEO of GE Capital’s Commercial Distribution Business. The business provided customized inventory financing for…

September 13, 2018 BY Valentina Kirilova

FCA warns against www.forex.com.vn

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 www.forex.com.vn. The FCA believes this firm has been providing financial services or products in the UK without its authorisation. This firm is not authorised by the FCA and…

Nuvei completes acquisition of SafeCharge for US $889m

September 13, 2018 BY LeapRate Staff

SafeCharge's intended new Chairman resigns, search on for replacement

After reporting record results for the first half of 2018 earlier today, payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) has announced that there has been something of a hiccup in the company's planned succession on its Board of Directors. Back in May SafeCharge announced that the Chairman of the company’s Board of Directors, Roger…

September 13, 2018 BY Valentina Kirilova

CubeLogic establishes Scandinavian office in Copenhagen

CubeLogic, the business intelligence enabled risk management solutions firm, has announced the opening of a new office in Copenhagen, Denmark. The Scandinavian office will enable the firm to support its expanding European client base and capitalise on new opportunities. Headquartered in London, CubeLogic now has a physical presence in five key global business centres and…

September 13, 2018 BY Valentina Kirilova

SEC uses data analysis to detect cherry-picking by broker

The Securities and Exchange Commission (SEC) has announced that it has charged a New Jersey-based broker with misusing his access to customers’ brokerage accounts to enrich himself and family members at the expense of his customers, many of whom had entrusted him with their retirement accounts. The SEC uncovered the alleged fraud with data analysis…