VTFinTech deploys Parity One on OpenFin’s operating system
October 17, 2017 BY Valentina Kirilova

CFTC’s LabCFTC releases Primer on Virtual Currencies

The Commodity Futures Trading Commission’s LabCFTC has today released, “A CFTC Primer on Virtual Currencies.” This primer is the first of a series that LabCFTC will release to provide fundamental, and essential, information about financial technology (FinTech) innovation. LabCFTC believes that promoting education, understanding, and regulatory clarity around emerging technologies can help facilitate market-enhancing innovation…

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clone firm FCA warning
October 17, 2017 BY Valentina Kirilova

FCA warns against Improvement Loans clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Improvement Loans. 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 to…

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White River Bancshares Company begins trading on OTCQX
October 17, 2017 BY Valentina Kirilova

OTC Markets Group welcomes NexOptic to OTCQX

OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced NexOptic Technology Corp (TSX-V: NXO; OTCQX: NXOPF) has qualified to trade on the OTCQX® Best Market. NexOptic upgraded to OTCQX from the OTCQB® Venture Market. NexOptic begins trading today on OTCQX under the symbol "NXOPF." U.S. investors…

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INTL FCStone Markets launches new OTC interest rates swap products
October 17, 2017 BY Valentina Kirilova

INTL FCStone unveils online pricing tool for OTC hedging strategies

Open risk management platform facilitates hedges across asset classes with unparalleled transparency and educational support INTL FCStone Inc. (NASDAQ: INTL) today announced that its swap dealer and wholly owned subsidiary, INTL FCStone Markets, LLC (“IFM” or “the Company”), has introduced its structured products online calculator (SPOC), a new online pricing tool that provides users with…

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October 17, 2017 BY admin

Deep Systems announces launch of end-to-end technology solution for trading firms

Deep Systems, a company formed to address the cost and complexity of financial infrastructure and operations, announced its official launch today. Built from the ground up to service financial institutions, Deep Systems’ cost-effective infrastructure, IT, and software solutions empower asset managers, proprietary trading shops, sell-side firms, SROs, and financial ISVs to simplify operations, eliminate key…

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SFC fines
October 17, 2017 BY LeapRate Staff

Wells Fargo to pay $3.4 million for recommending volatility-linked ETPs

The U.S. Financial Industry Regulatory Authority (FINRA) has announced that it has ordered units of Wells Fargo & Co (NYSE:WFC) - Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC - to pay more than $3.4 million in restitution to affected customers for unsuitable recommendations of volatility-linked exchange-traded products (ETPs) and related…

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CFTC offices
October 17, 2017 BY Valentina Kirilova

CFTC announces Clearinghouse Liquidity Stress Test results

Staff of the U.S. Commodity Futures Trading Commission (CFTC) today issued a report detailing the results of an evaluation of settlement liquidity at clearinghouses. The purpose of the analysis was to assess the impact of a hypothetical extreme but plausible market scenario on the ability of three clearinghouses to meet their settlement obligations on time.…

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October 17, 2017 BY Valentina Kirilova

Calypso Technology sees rapid growth for its cloud services offering in 2017

Calypso Technology Inc., a provider of innovative cross-asset capital markets and investment management software, announced that it has seen a rapid increase in demand for Calypso Cloud Services. Calypso plans to continue aggressive investments in Cloud Microservices and Blockchain solutions to streamline IT operations. There is no doubt financial services will increasingly adopt cloud, and…

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