Former CBOE board member Alvin Wilkinson hit with $21.8 million penalty for running futures Ponzi scheme LeapRate

November 30, 2016 BY LeapRate Staff

Former CBOE board member Alvin Wilkinson hit with $21.8 million penalty for running futures Ponzi scheme

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,…

November 30, 2016 BY LeapRate Staff

Goldman Sachs COO Gary Cohn considers leaving the firm

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…

November 30, 2016 BY admin

CFTC grants CME Clearing Europe registration as a Derivatives Clearing Organization

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…

November 30, 2016 BY admin

Admiral Markets reduces leverage ahead of Italian constitutional referendum

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…

November 30, 2016 BY Valentina Kirilova

ICE announces results of ICE Endex gas storage auction

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…

November 30, 2016 BY admin

Portware releases new version of its multi-asset execution management system

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,…

November 30, 2016 BY LeapRate Staff

PFSOFT integrates with Apex Clearing to expand Protrader platform access to US stocks and ETFs

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…

Mt. Gox trustee granted another delay for distribution plan for victims

November 30, 2016 BY Valentina Kirilova

Gooligan breaches more than 1 million Google accounts

Check Point Software Technologies Ltd. (NASDAQ:CHKP) has announced its security researchers have revealed a new variant of Android malware, breaching the security of more than one million Google accounts. The new malware campaign, named Gooligan, roots Android devices and steals email addresses and authentication tokens stored on them. With this information, attackers can access users’…

November 30, 2016 BY admin

CME Europe renews 'Forex Liquidity Creation Program'

CME Europe has just informed members that it will be extending its FX Liquidity Creation Program (LCP) commencing on December 1st. The renewal is a success for the program which was first announced back in May as first reported by LeapRate. It should be noted that existing participants in the FX Market Making program are not eligible to…

November 30, 2016 BY Valentina Kirilova

KCG completes move to new headquarters in New York

KCG Holdings, Inc. (NYSE: KCG) has announced it has completed the move of its headquarters to 300 Vesey Street in downtown Manhattan. The new headquarters houses over 600 KCG employees and features a state-of-the-art trading floor as well as flexible collaboration spaces to promote teamwork throughout the office. Daniel Coleman, Chief Executive Officer of KCG,…