AT Global Markets (UK) Limited, the UK arm of global retail FX brokerage group ATFX, has announced the hiring of experienced FX industry executive Steven Woodcock as the company's new Head of Risk Management. His previous role was Head of Trading and Risk at TeraFX, where his responsibilities included managing flow exposure for FX, bullion, indices,…
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Bitcoin's price has plummeted recently and the digital coin is trading at around $6,000. Investors are eagerly awaiting to see if there will be a Bitcoin ETF approved by the SEC this Thursday, 23rd of August, 2018. After some initial delay, the SEC will "make or break" the Bitcoin market for sure. The most awaited…
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The U.S. Securities and Exchange Commission (SEC) has announced that Merrill Lynch, Pierce, Fenner & Smith has agreed to pay approximately $8.9 million to settle charges that it failed to disclose a conflict of interest arising out of its own business interests in deciding whether to continue to offer clients products managed by an outside third-party advisory…
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U.S. brokerage industry regulator FINRA has announced that it has fined Interactive Brokers LLC $5.5 million for Regulation SHO violations and supervisory failures spanning a period of at least three years. To limit ongoing naked short positions, firms are required by the SEC’s Reg SHO, after completion of a short sale transaction, to deliver the…
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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 Ostrich Capital. Ostrich Capital is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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U.S. cryptocurrency investor Michael Terpin has filed a $224 million lawsuit against telecommunications company AT&T, Reuters reported earlier. Terpin is accusing the company of fraud and gross negligence in connection with the theft of digital currency tokens from his personal account. Terpin alleged that on January 7, 2018, the tokens were stolen from him through…
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TransFICC, the specialist provider of low-latency connectivity for Fixed Income and Derivatives Markets, has just informed the public that it has secured a strategic investment from Citi. Citi joins existing shareholders, Illuminate Financial, Main Incubator (part of Commerzbank) and The FinLab. TransFICC resolves the issue of market fragmentation by providing banks and asset managers with…
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FX broker eToro has announced that it has just added IOTA, bringing the total number of cryptoassets available on the platform to 12. IOTA aims to enable companies to explore and open up new business to business marketing opportunities by making every technological resource a potential service to be traded on an open market in…
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Nearly three-fourths of Americans (73%) unaware of key benefit provided by nonprofit credit card debt management plans More than half of Americans who have been in credit card debt (51%) have used some form of credit card debt relief, according to a recent online survey conducted by The Harris Poll on behalf of Money Management…
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Brokeree Solutions, the Estonia based provider of high-grade technology solutions for forex brokers, has announced that it is introducing a new innovative solution that enables FX brokers to improve their offering by adjusting incoming symbols and creating new ones. With Brokeree’s new MT5 Synthetic Symbols solution plugin, forex brokers can convert inconvenient measures into something more…
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