The name GTX has been associated for years with parent GAIN Capital Holdings Inc (NYSE:GCAP). And so the news late last month of GTX being sold for $100 million to Deutsche Boerse AG's 360T unit came of something of a surprise to many in the FX world - especially as GTX just announced its best-ever month for…
Read moreE-commerce giant Gambio has just announced that it is launching GAMB, the Global Alliance of Merchants on the Blockchain. Employing distributed ledger technology to decentralize online retail, GAMB is a digital marketplace, powered by the merchants. The platform will benefit from Gambio’s more than 25,000 active stores in more than 75 countries, totaling billions in…
Read moreThe Hong Kong Securities and Futures Commission (SFC) announced that it has reprimanded Mr Lau Ki Fung, a former account executive of KGI Asia Limited (KGI), and fined him $80,000 for failing to keep proper records of order instructions from clients. The SFC found that between 29 July 2015 and 10 August 2015, Lau received…
Read moreMinium Financial Technology and Exactpro Systems Limited (Exactpro) today announced that they have entered into a partnership under which Exactpro will provide independent software testing of Minium’s Risk Management and Post-Trade processing systems. Exactpro specialises in quality assurance and software testing for market infrastructures and systems that process wholesale financial products across asset classes. This…
Read moreThe Canadian Securities Administrators (CSA) has published CSA Staff Notice 46-308 Securities Law Implications for Offerings of Tokens, which provides additional guidance on the applicability of securities laws to offerings of coins or tokens, including ones that are commonly referred to as “utility tokens.”. Since publishing initial guidance, we have engaged with numerous businesses considering…
Read moreThe board of directors of the Tel-Aviv Stock Exchange (TASE) announced that they have approved (June 7th, 2018) the launch of a new corporate bonds index – the “Tel Bond-Dollar Index”. The index will consist of dollar-linked corporate bonds listed on TASE. Following the launch of the new index, TASE will be calculating 29 Tel…
Read moreCappitech, a leading provider of automated regulatory reporting technology for the financial services industry, has announced that it has secured $4 million in series A financing. The financing round was led by venture capital firm 83North (formerly Greylock Israel) with participation from Rony Grushka (pictured above) and Kevin Gould, co-founders of Markit. As part of…
Read moreThe attorney Giulia Bertezzolo has been appointed as general secretary of Commissione Nazionale per le Società e la Borsa (CONSOB), the Government agency announced earlier today. The new general secretary is an administrative attorney, specialised in financial regulation and administrative management. With high level education, which includes post-doctoral studies at the School of Law of…
Read moreFinastra has just announced the commercial availability of its European instant payments solution on Microsoft Azure, Microsoft’s enterprise-ready, trusted cloud platform. The solution enables financial institutions and third-party providers to process SEPA SCT Inst payments in the cloud, via EBA CLEARING’s pan-European instant payments service, RT1. Vinay Prabhakar, Head of Market Strategy, Payments at Finastra,…
Read moreLeading actors from Switzerland's financial, technological, academic and legal sectors have announced the formation of a new associative body called the Capital Markets and Technology Association (or CMTA) to facilitate the use of blockchain in financial markets. The CMTA will provide a platform to create open industry standards around issuing, distributing and trading securities in…
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