Visual Trading Systems, a New York headquartered provider of trading platforms and BI analytics for the Forex and OTC derivatives trading industry today announced two key executive hires and plans for a restructured product line. Experienced FX industry veteran Stephen Leahy has been appointed new CEO of Visual Trading Systems. He most recently worked as…
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London based Capitalab, an entity within BGC Partners, Inc. (NASDAQ: BGCP) announced that it has successfully launched its multilateral portfolio compression service for FX Options as well as for Interest Rate Caps and Floors. Since June 2016, five FX Options compression runs have been executed, in USD/JPY and EUR/USD, with the participation of respectively five…
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Just two days after global investment banking giant Goldman Sachs Group Inc (NYSE: GS) left the R3 distributed ledger technology consortium, R3 has announced the addition of China Minsheng Bank to its consortium to design and apply distributed and shared ledger-inspired technologies to global financial markets. Headquartered in Beijing, Minsheng Bank is China's first major…
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IEG Holdings Corporation (OTCQX: IEGH) (OTCQX: IEGHD) has announced that its OTCQX trading symbol reverts back to IEGH at the opening of trading today. This followed the 20 trading day period following effectiveness of the Reverse Split and Forward Split, where a 'D' was temporarily affixed to the trading symbol. IEG Holdings Corporation provides online…
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BME and Spain's National Business Angels Association, Big Ban Angels, will create the first pre-market environment for start-ups in Spain. It will give them access to new investors and an insight into the functioning of the stock market to boost access to private investment. Start-ups wishing to gain access to the pre-market environment must have…
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The Securities and Exchange Commission (SEC) has announced that Wesley R. Bricker will become the Chief Accountant and succeeds James Schnurr who plans to retire from the agency. Mr. Bricker has served as Deputy Chief Accountant for the accounting group since 2015 and Interim Chief Accountant since July 2016. As Chief Accountant, Mr. Bricker will…
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The Securities and Futures Commission (SFC) has launched a three-month consultation on proposals to enhance the regulation of the asset management industry in Hong Kong to better protect investors’ interests and ensure market integrity. The SFC formulated the proposals following a review of the major international regulatory developments, and taking into account observations and views…
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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 Avalon Consultancy/ Avalon Group. Avalon Consultancy/Avalon Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on…
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DB1 Ventures, the Corporate Venture Capital arm of Deutsche Börse Group, has participated in a Series B financing round for the Hamburg-based FinTech company figo GmbH and is investing a seven-digit amount for a significant minority stake. Further investors are reputable business angels from Germany. figo raised around €6.8 million in total in the current…
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Clearstream, jointly with DekaBank, has developed a settlement solution that supports domestic settlement of DekaBank’s cleared trading activity on Euronext, tpREPO and BrokerTec across the markets of Belgium, France and the Netherlands. The model responds to an increasing market need for simplified cross-border settlement and contributes to current EU-wide efforts to harmonise practices across Europe's…
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