Abu Dhabi based global investment and trading firm ADS Securities LLC (ADSS) has announced that it will be continuing and expanding its successful motorsport sponsorship program in 2018. For the last five years ADSS has supported the successful single-seater racing career of the highly talented Swiss driver, Louis Delétraz. Having worked with Louis since his…
Read more
The following article was written by Amram Margalit, content manager at Leverate. MiFID, or the Markets in Financial Instruments Directive, has presented European financial institutions with a vast array of challenges. One of these is the relationship with and definition of Introducing Brokers, or IBs. The real question is whether all member company affiliates must be classified…
Read more
DAV Foundation has announced the launch of its exchange platform for autonomous transportation services via payments in cryptocurrencies. DAV (Decentralized Autonomous Vehicles)’s network connects self-driving vehicles (such as cars, trucks, rovers, and drones) to other vehicles, to customers, and to the infrastructure around them. It allows vehicles to work together, pay each other, and provide…
Read more
Coiin, a digital engagement platform that rewards social media users through the blockchain, has announced that it has partnered with blockchain platform Dragonchain to develop its platform. With this technology, Coiin offers digital rewards for users who promote Coiin partner products and projects directly with cryptocurrency through the blockchain. The most valuable currency in the…
Read more
The World Federation of Exchanges (WFE), the global industry group for exchanges and CCPs, has confirmed the appointment of Richard Metcalfe as the Head of Regulatory Affairs for the WFE. Metcalfe joins following a consulting project at BNY Mellon, where he has been providing advice on the practical implementation of MiFID II and other pieces…
Read more
Retail Forex broker Alpari just announced its February 2018 volumes, in which Alpari recorded US$148.4 billion in trading turnover for the month, marking an 11% increase on January. The improved performance on the broker's key indicator is mostly down to increased trading activity on the GBPUSD (+49%) and USDJPY (+14%) currency pairs. The EURUSD, Alpari's…
Read more
Current market environment allows favorable refinancing Deutsche Börse AG just announced that it has successfully placed a corporate bond on the market in an amount of EUR 600 million. The bond is divided into units of EUR 1,000 and has a term of ten years and a coupon of 1.125 percent annually. The bond will…
Read more
Belize financial regulator IFSC has issued a Warning Notice regarding a company called Zenith Loan Company. The entity is not licensed under the IFSC Act to provide, carry on, transact, or hold himself out as providing, carrying on, or transacting any of the international financial services as set out in the Schedule of the IFSC…
Read more
The U.S. Securities and Exchange Commission (SEC) today announced that Electronic Transaction Clearing (ETC), a registered broker-dealer headquartered in Los Angeles, has agreed to settle charges that it illegally placed more than $25 million of customers’ securities at risk in order to fund its own operations. Among other things, the SEC found that ETC violated the…
Read more
The U.S. Securities and Exchange Commission (SEC) today announced its highest-ever Dodd-Frank whistleblower awards, with two whistleblowers sharing a nearly $50 million award and a third whistleblower receiving more than $33 million. In total - more than $88 million paid out by the SEC. The previous high was a $30 million award in 2014. Jane…
Read more