AMF issues impersonators scam warning
March 28, 2018 BY Valentina Kirilova

AMF shares analysis of the new tick size regime impact on the French market

Market depth, transaction cost, order lifespan, order-to-trade ratio: the Autorité des marchés financiers (AMF) informed that it has reviewed the initial effects of the European harmonised tick size regime resulting from the new MiFID II framework for markets in financial instruments. This very first reading indicates an overall improvement in market quality. European legislators introduced…

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CLS Group trading volumes
March 28, 2018 BY Valentina Kirilova

CLS Group releases record trading volumes in February

CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has published its operating metrics for the month of February. February was the largest month ever for trading activity passed through the CLS settlement service. While this is clearly partly due to the market volatility seen at the start of…

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Cboe Global Markets
March 28, 2018 BY Valentina Kirilova

Cboe Global Markets to launch Cboe Market Close (CMC)

Cboe Global Markets, Inc. (Nasdaq: CBOE) has announced that it plans to launch Cboe Market Close (CMC) on the company’s BZX Exchange on Monday, August 20, 2018, contingent upon the Securities and Exchange Commission (SEC) reaffirming the staff’s initial approval. The creation of CMC, an alternative mechanism to primary market closing auctions that take place…

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pump and dump scheme
March 28, 2018 BY LeapRate Staff

Wedbush Securities hit with SEC charges for employee’s long-running pump-and-dump fraud

The U.S. Securities and Exchange Commission announced charges against Wedbush Securities Inc. for failing to supervise employee Timary Delorme after the broker-dealer ignored numerous red flags indicating that Delorme was involved in a long-running pump-and-dump scheme targeting retail investors. Delorme agreed to settle fraud charges stemming from the same scheme. This is the second SEC…

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clone firm FCA warning
March 27, 2018 BY Valentina Kirilova

FCA warns against Credit Extra Cash clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Credit Extra Cash. 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…

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big xyt Liquidity Cockpit delivers insight on systematic internalisers
March 27, 2018 BY Valentina Kirilova

big xyt delivers enhanced transparency on SI volumes under MiFID II

big xyt, the independent provider of high-volume, smart data and analytics capabilities, has announced the addition of enhanced functionality on its Liquidity Cockpit dashboard, providing greater transparency on over-the-counter (OTC) equities activity, including Systematic Internaliser (SI) transactions. The latest functionality, called ‘Liquidity Type’, has been developed in response to a strong desire among practitioners for…

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Autochartist's market analysis tool now fully operational within TraderEvolution
March 27, 2018 BY Valentina Kirilova

Autochartist acquires Barry Ubsdell's forex news trading service Delkos Research

Retail FX trading tools provider Autochartist has announced that it has concluded the acquisition of a controlling stake in Delkos Research - a company providing forecasts and content for Futures and Forex brokers based around macro-economic news events. This is the second acquisition that Autochartist has concluded in 2018. Delkos’s News Events Trading Services (NETS) allows…

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