Nanjing City, one of China’s most historic cities, is launching a $1.5 billion blockchain fund with the aim of boosting the digital currency economy and support public projects based on blockchain. China was one of the first countries to ban domestic cryptocurrency exchanges back in the summer of 2017. As a global player in almost…
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ICOs are said to surpass the volume of IPOs in the future. Initial coin offerings are literally booming around the world, where even Youtube uploads education videos on how to create your own ICO. Many companies try to raise money by issuing tokens in several rounds and fund their business. What happens, however, when your…
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Education and blockchain are the next dynamic duo, according to media, especially given the fact that the technology has already disrupted multiple industries and companies around the globe. There are a number of ways that blockchain can help disrupt education and serve primary role in solving various problems that are currently present in the educational…
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LCH Ltd (LCH), a global clearing house, has today confirmed its commitment to the FX Global Code and the UK Money Markets Code. The FX Global Code is a set of global principles of good practice in the foreign exchange market, and the UK Money Markets Code sets out the standards and best practice expected…
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Financial firms with spend on cloud to increase from 30% of IT budgets in 2017 to 47% by 2019 Financial firms intend to rapidly increase their investment in public cloud to exploit the benefits of the cloud in managing the financial data that powers their business decisions, according to a new global survey of senior…
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Electronic market maker XTX Markets Limited has released its financial results for 2017, indicating significant growth in revenues although profits remained flat. XTX, which is controlled by founder and co-CEO Alex Gerko, reported that Revenues for 2017 rose by 17% from the previous year, £154.6 million (USD$ 203 million) versus £131.9 million. The company earned…
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Finastra has announced that Gareth Burton has joined the company as Chief Information Officer (CIO) with responsibility for leading Finastra’s Global Information Services team. He will oversee the company’s enterprise core infrastructure and employee services, as well as supporting all business and financial applications. Gareth Burton has three decades of experience in the international technology…
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FX liquidity provider CFH Clearing, part of the TradeTech Group financial unit of Playtech PLC (LON:PTEC), has announced that it has integrated PrimeXM’s XCore technology in London (LD4) and Tokyo (TY3). The company stated that this development gives CFH the market-leading ability to provide local liquidity to brokers and clients in both data centres. The integration…
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To increase the effectiveness of the equity market microstructure Moscow Exchange (MOEX) has announced that it has aligned its tick size regime with MiFID II. MOEX will apply the new tick size regime and Decimals parameter from 1 August 2018 in the following trading modes: Main trading mode Т+ ("Т+2" order book) Odd lots trading…
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The Financial Markets Authority (FMA) has just issued a warning against a company called Roiteks (otherwise known as Green Oak Limited). Roiteks is operating via the website www.roiteks.com and is not registered on the Financial Service Providers Register to provide financial services in New Zealand. The regulator considers that the operations of the entity bear…
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