We had reported late last month that Saxo Bank had seen slowing activity and revenues in the second half of 2017 - something we believe every other FX industry blog missed, since the company didn't really break that out in its year-end report. However that seems to have quickly corrected itself in 2018, at least…
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The World Federation of Exchanges (The WFE), the global industry group for exchanges and CCPs, announced that it has welcomed the UK Financial Conduct Authority (FCA)'s initiative to consult the market on broadening the reach of its existing regulatory sandbox, and reiterated its support for a globally coherent approach to FinTech. The WFE, which represents…
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Tokyo Financial Exchange (TFX) has released its trading volumes report with mixed results for February 2018. The trading volume of Three-month Euroyen futures was 123,797 ( +27.6% MoM / +28.1% YoY ) and its average daily volume was 6,516. 項目 February 2018 Trading Volume Daily Average Change on Previous Month Year on Year Change…
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UK 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 Remington Mining. Remington Mining is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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While the cryptocurrency market seems to have stabilized, the value of Bitcoin is constantly argued about, especially after its value took a huge dip in January 2018 falling from what was $20,000 in December, to less than $7,000 at one point in January. The Bitcoin community, however, seems to be more united than ever. Now,…
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Retail FX broker FXCM continued its strong start to 2018, reporting overall FX trading volumes of $239 billion. That ranks just 4% below January's $250 billion, but given that February had fewer trading days than January (20 versus 22), February's $12.0 billion average daily volume was actually 5% above January. Keeping in mind, that January…
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It isn't just the bank and brokers getting fined. The U.S. Securities and Exchange Commission (SEC) has announced that it charged the New York Stock Exchange and two affiliated exchanges with regulatory failures in connection with multiple episodes, including several disruptive market events. The charges arose from five separate investigations and include the first-ever charged…
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UK 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 Cabbot Law Group. Cabbot Law Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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Payment and commerce solutions company Verifone (NYSE: PAY) and global payments provider Paysafe (LON:PAYS) have announced an agreement for Paysafe to be the first adopter in the independent sales organization (ISO) space to deploy Verifone Connect with Carbon and Engage devices to its network of quick service restaurants (QSRs) and small and medium-sized businesses (SMBs)…
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Eventus Systems, Inc., a provider of regtech software solutions for the capital markets, has just informed that it has established a presence in the Asia Pacific (APAC) region. The decision to provide a regional sales presence for its Validus surveillance and risk software platform follows growth throughout 2017 in the firm’s client base, as well…
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