A new institutional Forex trading platform is on the way for the 3rd largest currency trading market behind London and New York. Singapore-based start-up company Spark Systems as reported first by the Straight Times is building a new trading platform to make FX trading in Singapore more cost effective and faster for investors. It was…
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Match-Trade Technologies, a Forex technology provider headquartered in Irvine, California, today announced the launch of a new service for forex brokers known as the Match-Trade (M-TT) Ultra-Fast Data Feed. The new service is a real-time tick by tick FX and CFD data which comprises of real; executable prices aggregated from real market participants, delivered directly…
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The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Merrill Lynch, Pierce, Fenner & Smith Inc. $6.25 million and the firm will pay approximately $780,000 in restitution for inadequately supervising its customers’ use of leverage in their Merrill brokerage accounts. Merrill “loan management accounts” (LMAs) are lines of credit that allow the…
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The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Virginia Kendall of the U.S. District Court for the Northern District of Illinois entered an Order of default judgment and permanent injunction against Defendants Alvin Guy Wilkinson of San Juan, Puerto Rico, and his entities, Chicago Index Partners, L.P. (CIP) and Wilkinson Financial Opportunity Fund,…
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It looks like Goldman Sachs Group Inc (NYSE:GS) may be looking for a new 'Robin', to Lloyd Blankfein's 'Batman'. And, it may need to rethink its succession plans. Goldman Sachs #2 executive, COO Gary Cohn, has been reported by Dow Jones as considering leaving the firm. Mr. Cohn has been rumored to be in the…
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The U.S. Commodity Futures Trading Commission (CFTC) announced today that it has issued an order granting CME Clearing Europe Limited (CMECE) registration as a derivatives clearing organization (DCO) under the Commodity Exchange Act (CEA). Under the order, CMECE will be authorized to provide clearing services for U.S. clearing members as well as their customers under…
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Here we go again with European geopolitical risk...roughly 6 months after the surprising "Brexit" vote, Italians are ready to make their voices heard regarding their politics. As such, brokerages are beginning to adjust trading conditions for the event. EU and FCA regulated broker Admiral Markets announced margin requirement updates as market uncertainty is increasing around…
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Intercontinental Exchange (NYSE: ICE), operator of global exchanges and clearing houses and provider of data and listings services, has announced the results of the ICE Endex gas storage auction held on November 30, 2016, on behalf of GasTerra. On November 30, a total of 4,549,451 Standard Bundled Units (SBUs) for the contract period 2017/2018 were…
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Portware, a FactSet Company and a global provider of multi-asset trade automation solutions powered by artificial intelligence (AI), today announced upgrades to its execution management system (EMS), Portware Enterprise. Portware Enterprise is a fully customizable “thinking” EMS designed to act as the central platform for the creation and execution of trading strategies for global equities,…
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Multi asset platform developer PFSOFT has announced that it has recently completed integration of its Protrader platform with APEX Connect, a technology solution from SEC regulated clearinghouse APEX Clearing. By integrating Protrader with APEX Connect, PFSOFT has made it possible for brokers, funds and proprietary trading firms using Protrader solutions to access stocks and ETFs…
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