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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FXDD offices
October 17, 2017 BY LeapRate Staff

Exclusive: FXDD parent company Nukkleus to have Don Fewer replace Jack Lahav on its Board of Directors

LeapRate Exclusive... LeapRate has learned that Nukkleus Inc (OTCMKTS:NUKK), the parent company of Retail FX broker FXDD, will be appointing Donald P. Fewer as an independent director on its Board, in place of the departing Jack Lahav. Nukkleus is controlled by former Compagnie Financiere Tradition executive Emil Assentato. Mr. Assentato has an effective 80% interest in both FXDD…

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October 17, 2017 BY Valentina Kirilova

NEX Optimisation with Baton Systems create new post-trade FX solution through NEX Infinity platform

NEX Group PLC (LON:NXG)'s post trade division NEX Optimisation announced today that Baton Systems, a high-speed payments infrastructure provider, has joined NEX Infinity as the first third party to provide its services through the platform. The news comes only a day after NEX Optimisation's "significant restructure" announcement. NEX Optimisation and Baton have been working in…

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October 17, 2017 BY Valentina Kirilova

BNP Paribas Securities Services with TCS to transform asset servicing industry using blockchain technology

BNP Paribas Securities Services announced that it teams up with Tata Consultancy Services (TCS) to deliver an innovative blockchain-based platform, called Corporate Event Connect, which will provide fast, accurate and secure corporate event announcements to clients around the world. Corporate actions processing is one of the most complex areas of asset servicing. Information on the…

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