IOTA is currently the 9th largest cryptocurrency in terms of market capitalization with market cap of $6.7 billion, trading at $2.42 as of today. However, the price is now going up because IOTA announced a new partnership with the luxurious car producer Porsche. The 19% jump became evident after Porsche chose IOTA for a new…
Read moreINTL FCStone Inc (NASDAQ:INTL), a diversified global financial services organization providing execution, risk management and advisory services, market intelligence and clearing services across asset classes and markets around the world, today announced its financial results for the fiscal year 2018 second quarter ended March 31, 2018. Overall, Q2 operating revenues were up 33% from Q2-2017, to…
Read moreVirtu Financial, Inc (NASDAQ:VIRT), a technology enabled global market maker, has announced the commencement of an underwritten secondary offering of 15,000,000 shares of its Class A common stock. At Tuesday's close of $33.35 per share, the offering size is aimed to be $500 million. The selling stockholders, Mr. Vincent Viola, Virtu's founder and Chairman Emeritus, TJMT Holdings LLC…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) has announced that Judge Esther Salas of the U.S. District Court for the District of New Jersey has entered an Order of default judgment and permanent injunction against Alcibiades Cifuentes and Jennifer Wee Cifuentes, both of West New York, New Jersey, and their corporate entity, Cifuentes Fund Management, LLC. The Order,…
Read moreUK 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 Littinvest / Explatinum Ltd. Littinvest / Explatinum Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying…
Read moreHong Kong Exchanges and Clearing Limited (HKEX) announced that it plans to introduce MSCI All Country (AC) Asia ex Japan Net Total Return Index (MSCI AxJ) Futures, the first regional stock index futures contract for HKEX, on Monday, 11 June 2018, pending regulatory approval. HKEX’s MSCI AxJ Futures will be first futures contract traded on…
Read moreThe Dutch State Treasury Agency announced that it has decided to enable central clearing of euro denominated interest rate swaps via Eurex Clearing in Frankfurt for the State of the Netherlands. As Debt Management Office, the Dutch State Treasury Agency is exempt from the obligation to clear swaps through a Central Counterparty (CCP). However, the…
Read moreInstitutional FX exchange and liquidity provider LMAX Exchange has announced its results for 2017, indicating continued and healthy top and bottom line growth for the company. Although it was not formally announced by the company, we understand that the company's top line Revenues grew by just over 10% in 2017, coming in at £30.5 million (USD…
Read moreDecentralised streaming platform for gamers and eSports fans, Play2Live, has today announced its plans to develop its own blockchain infrastructure, Level Up Chain. Level Up Chain is the next step in the company creating an end-to-end solution for streamers, gamers and eSports fans. Launching the Level Up Chain Testnet in July 2018, one of the…
Read moreCanadian securities regulator the British Columbia Securities Commission (BCSC) just announced that it has become aware of a suspicious entity, Sterling and Ross Advisory S.A. (Sterling and Ross), which purports to have an office in the Cayman Islands. Sterling and Ross claims to specialize in forex and commodity trading solutions for retail investors around the…
Read more