Bitcoin has outperformed all other asset classes and investments possible, with cumulative annual growth of around 500%. Although the currency is fluctuating between $3,000 to almost $5,000 per coin in the last several weeks, it is undeniable that bitcoin has grown to tremendous values and the trend is expected to continue. With these statistics in…
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The State Duma, Russia’s lower house of the Federal Assembly, announced that it may initiate a special bill in October that will regulate the trade of digital currencies, as reported by Jens Kalaene at RT. As many other big “players”, like China, are now trying to get hold of the overwhelming popularity of cryptocurrencies, with…
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The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against Citibank, N.A. (CBNA) and Citigroup Global Markets Limited (CGML) - all units of global banking giant Citigroup Inc. (NYSE: C) - for failing to report Legal Entity Identifier (LEI) information for swap transactions properly to a Swap Data Repository (SDR), failing to…
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Forex ECN FastMatch has announced the launch of a new feature called FX Tape. According to FastMatch, FX Tape will improve post‐trade transparency in FX markets and allow market participants to monetize their trading data. FX Tape will also serve as a central reference point for Spot FX transacted prices, helping market participants evaluate best execution…
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The Cyprus Securities and Exchange Commission (CySEC) has just informed investors regarding the following decision by the Bulgarian Financial Supervision Commission (FSC), concerning Interactive Company JSC (formerly Global Markets JSC), and the procedure which clients who are to make claims against it, should follow, not later than 30th September 2017: On 5th of July 2017…
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The U.S. Financial Industry Regulatory Authority (FINRA) has announced that it has fined the Morgan Stanley Smith Barney LLC unit of global investment bank Morgan Stanley (NYSE:MS) $3.25 million and required the firm to pay approximately $9.78 million in restitution to more than 3,000 affected customers for failing to supervise its representatives’ short-term trades of…
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T2S to transform European debt issuance, boost demand for European bonds / Eighty percent of respondents expect increased demand for multi-currency CSD services by 2025 Cross-border debt issuance will be the norm by 2025, according to a report published by global research and advisory firm Aite Group today. The report also indicates that TARGET2-Securities (T2S)…
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The Cürex Group, a New York City-based institutional foreign exchange execution services and data analytics company, announced today its plan to introduce additional functionality to its pre-trade analytics platform. The new capability will allow Cürex’s customers to prove their compliance with MiFID II’s mandated pre-trade market check through a time stamp provision, which provides recorded…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Adexec Worldwide Financial Services. 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…
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The U.S. Commodity Futures Trading Commission (CFTC) has announced the filing of a federal civil enforcement action in the U.S. District Court for the Southern District of New York against Defendants Nicholas Gelfman, of Brooklyn, New York, and Gelfman Blueprint, Inc. (GBI), a New York corporation, charging them with fraud, misappropriation, and issuing false account statements in connection…
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