DTCC - new additions to the Board
October 17, 2018 BY Valentina Kirilova

DLT can support trading volumes in the US equity markets: DTCC

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, has announced the results of a benchmark study which demonstrated for the first time ever that distributed ledger technology (DLT) is capable of supporting average daily trading volumes in the US equity market of more than 100…

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Secondary market for tZERO security tokens is live
October 17, 2018 BY Valentina Kirilova

tZERO issues preferred tZERO security tokens

tZERO, the blockchain-meets-Wall-Street subsidiary of Overstock.com, Inc. (NASDAQ:OSTK), has just announced it has completed the issuance of preferred tZERO security tokens. Tokens were issued to investors who had fully funded signed agreements for future equity (SAFEs) prior to the August 6, 2018 close of the company’s Security Token Offering (STO). tZERO raised $134 million from…

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asic afs license
October 17, 2018 BY Valentina Kirilova

ASIC cancels AFS license of Red Summit

Australian regulator ASIC has just announced that it has cancelled the Australian financial services (AFS) license of WA-based Red Summit Trading Partners Pty Ltd (Red Summit). On 7 March 2018, ASIC suspended the AFS license of Red Summit until 7 September 2018 after it was found that the licensee was not carrying on its financial…

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Mt. Gox trustee granted another delay for distribution plan for victims
October 16, 2018 BY Mariela Naydenova

A 21-year old Russian hacker accused of illegally mining Bitcoin

Cointelegraph just reported that a young man from Russia is currently facing court allegations, as he illegally mined Bitcoin through state-owned servers. Reportedly, the man is from Kurgan, a Siberian city. The "theft" was reported by the local office of  Russia’s Federal Security Service or FSB. The breach, however, occurred not only in his region,…

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direct fx bankrupt
October 16, 2018 BY LeapRate Staff

Exclusive: Direct FX placed into bankruptcy, Deloitte named as Liquidator

LeapRate Exclusive... LeapRate has learned that embattled Australia based Retail FX broker Direct FX Trading Pty Ltd has been placed into liquidation. The move became effective as of October 11. Jason Tracy, a Partner in the Financial Advisory group of Deloitte's Restructuring Services arm in Australia was named as Liquidator. The liquidator's plans are apparently to…

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clone firm FCA warning
October 16, 2018 BY Valentina Kirilova

FCA warns against Unicominsurance.net clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Unicominsurance.net. 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 scam…

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oneZero Financial Systems announces partnership with Jefferies Services
October 16, 2018 BY Valentina Kirilova

ADM Investor Services joins oneZero Financial Systems’ ecosystem

ADM Investor Services, Inc. (ADMIS) has announced that it will be providing FX prime brokerage, execution, and settlement services through oneZero Financial Systems’ EcoSystem. This is a strategic expansion for the ADMIS’ FX services and distribution network and will make its professional and institutional offerings available to a broader set of market participants. Customers of…

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The Pound could be on its way to parity
October 16, 2018 BY Valentina Kirilova

The Pound could be on its way to parity

Wage growth in the UK, excluding bonuses, has risen at its fastest pace in nearly 10 years during the three months to the end of August, boosting sterling as upbeat data on the mortgage market also helped offset no-deal Brexit fears. Pay rose by 3.1%, compared with a year ago, while inflation for the same…

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October 16, 2018 BY Valentina Kirilova

Anova Technologies announces collaboration with Beeks Financial Cloud

Anova Technologies, an international carrier and market data provider, has just announced a collaboration with Beeks Financial Cloud Group Plc, a low-latency Infrastructure-as-a-Service (IaaS) provider for financial markets, to deploy microwave connectivity between the NY4 and DC3 data centers. The joint offering will provide Beeks’ clients, including foreign exchange (FX) traders, cost-effective and ultra-low latency…

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moex moscow exchange
October 16, 2018 BY Valentina Kirilova

MOEX meets ISO standards for information security and business continuity

Moscow Exchange Group (MOEX) has today announced that it has achieved the ISO 27001:2013 – Information Security Management Systems and ISO 22301:2012 - Business Continuity Management Systems certification covering the organization of on-exchange trading, clearing services and services on the securities, derivatives, FX and precious metals markets. This voluntary certification followed the completion of an…

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