Global broker Saxo Bank just announced they will use Fix8Pro as part of a new high performance market connectivity engine. Fix8 Market Tech, founded in 2013 also offers Fix8 – a free, open-source framework that developers can use to build FIX applications using any FIX version, utilizing built-in testing and performance-enhancing features. Saxo Bank Chief…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm SSW Market Making GmbH. SSW Market Making GmbH is not authorised by the FCA but has been targeting people in the UK and is also carrying…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm DVP Consulting GmbH. 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 tactics…
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Today the Deutsche Bundesbank and Deutsche Börse have jointly presented a functional prototype for the blockchain technology-based settlement of securities. The innovative prototype is designed to provide the technical functionality for the settlement of securities in delivery-versus-payment mode for centrally-issued digital coins, as well as the pure transfer of either digital coins or digital securities…
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Ukraine's special-purpose law-enforcement agency and main government security agency, the Security Service of Ukraine (SBU), has just announced that has stopped the activity of a group of swindlers, who participated in illegal financial scams under the dealerships of a Forex firm (no names have been shared yet). According to Ukrayinska Pravda news, fraudsters have been…
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FXPRIMUS has announced the commencement of its latest initiative which enhances the safety of all clients’ funds with additional insurance protection of up to €2.5 million. FXPRIMUS has introduced the gold standard in the clients’ funds protection which sees clients’ accounts covered not only with the existing coverage mandated by CySEC but with an additional cover for all clients of all account types of up to EUR2.5M worth of additional coverage. LeapRate has seen…
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Today the European Commission has released legislation concerning recovery and resolution of Central Counterparties (CCPs). Following the post-crisis G20 commitment in 2010 by Heads of Government to centrally clear derivative products, this legislation looks to address the systemic risk created by concentrating risk into clearing houses. The legislation is the result of over 3 years…
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The following article is based on research by Marshall Gittler, Head of Investment Research for FXPRIMUS. FXPRIMUS Week in Focus for week beginning 28 Nov: US nonfarm payrolls, OPEC meeting, Italy & Austria votes, final PMIs There’s lots of excitement this week: the US labor market data, an OPEC meeting, the final PMIs, and finally…
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This article was written by Ipek Ozkardeskaya, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). The Fibonacci sequence is a series of numbers that seem to consistently occur in nature. 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, ... The next number is found by adding up the…
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Spain’s securities regulator CNMV keeps updating its investor warning list, with one more entity getting a warning today – broker Banco CFD. The broker, operating at https://bancocfd.com, is not authorised to provide the investment services detailed in Article 140 of the Securities Markets Law, which includes investment advice, or provide the auxiliary services detailed in…
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