January 16, 2017 BY Valentina Kirilova

Bats Auction Mechanism BAM launched on EDGX Options Exchange

Bats Global Markets, Inc. (Bats:BATS) announced the successful launch of the Bats Auction Mechanism (BAM), providing price improvement opportunities for customer orders. The company began rollout of the new functionality on the EDGX Options Exchange on January 4th and completed it, with no disruption to customers, on January 10th. The company’s two U.S. options exchanges,…

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January 16, 2017 BY LeapRate Staff

Morgan Stanley ups position in CFD broker Plus500 to 6.3%

LeapRate Exclusive... It looks like a number of heavy hitters are betting on a comeback in the share price of CFD broker Plus500 Ltd (LON:PLUS). Plus500 shares, and those of other leading UK online brokers including IG Group Holdings plc (LON:IGG) and CMC Markets Plc (LON:CMCX), were hit hard last month following new proposed rules unveiled…

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SFC fines
January 16, 2017 BY Valentina Kirilova

Pershing Securities pays $40,000 in infringement notice penalty

Pershing Securities Australia Pty Ltd has paid a penalty of $40,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP), ASIC just announced. In December 2015, a market-making client of Pershing with direct market access through their AOP system had entered orders into the trading platform of ASX in…

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SFC fines
January 15, 2017 BY LeapRate Staff

Market maker Citadel Securities hit with $22 million SEC fine for misleading retail clients about pricing trades

The U.S. Securities and Exchange Commission has announced that market making firm Citadel Securities LLC has agreed to pay $22.6 million to settle charges that its business unit handling retail customer orders from other brokerage firms made misleading statements to them about the way it priced trades. The SEC’s order finds that Citadel Execution Services…

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Integral reports rise in March volumes
January 15, 2017 BY LeapRate Staff

EBS BrokerTec CTO Viral Tolat faces jury trial after losing appeal on Integral source code and trade secrets

LeapRate Exclusive... LeapRate has learned that Viral Tolat, former CTO of FX technology products provider Integral Development Corporation and now CTO of rival EBS BrokerTec, a unit of NEX Group PLC (LON:NXG) (formerly known as ICAP plc), is facing a jury trial for misappropriation of source code taken from Integral to EBS, as well as breach…

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