CME Group today announced that its Chief Executive Officer Phupinder Gill has informed the Company's Board of Directors that he is retiring from the organization and Board, at year end, December 31, 2016. At the Board's request, Terry Duffy has assumed the expanded role of Chairman and Chief Executive Officer. Bryan Durkin, who is currently…
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The Securities and Exchange Commission today announced that an Israeli-based firm EZTD Inc. parent company of CySEC regulated WGM Services Ltd doing business as EZTrader must pay more than $1.7 million for misleading investors into trading binary options over the internet, and the agency warned that other firms may be out there actively trying to…
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SETL, the London based financial blockchain specialist, has appointed national security expert Martin Clements CMG OBE to its board. SETL was launched in July 2015 to deploy a multi-asset, multi-currency institutional payment and settlements infrastructure based on blockchain technology. The SETL system will enable market participants to move cash and assets directly between each other,…
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Liquidnet, the global institutional trading network, today announced the launch of Liquidnet Virtual High Touch, a new category of buy-side technology that brings together advanced data analysis, adaptive learning algorithms, unique liquidity search tools, and real-time analytics into a new trading experience. As a key component of Virtual High Touch technology, Liquidnet also announced an…
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The Ontario Securities Commission (OSC) today announced RegHackTO, the first hackathon by a securities regulator in Canada. RegHackTO aims to bring together Canadian innovators, strategists and developers to collaborate on possible solutions to shared challenges in the regulatory environment. The event follows the OSC’s establishment of OSC LaunchPad, which engages with fintech businesses, provides the opportunity for…
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CySEC and IFSC regulated global FX brokerage RoboForex today announced a new third party addition to its offering fitting for its name. Capitalizing on the growing algorithmic trend for retail traders, RoboForex added StrategyQuant, a trading robots and strategies designer. Using a desktop version or EA Wizard web platform, clients will be able to create,…
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It was just announced this week the Estonian Financial Supervision Authority issued a payment institution authorisation to TransferFast OÜ. The authorisation allows to provide money remittance service. FSA had earlier issued TransferFast OÜ an authorisation of exemption to provide money remittance service with a restriction. At the same time with issuing the authorisation the authorisation of…
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Citigroup Inc. (NYSE: C) today announced the launch of Citi Pay, a new digital wallet that will provide Citi customers with a simple and fast option for online, in-app and in-store payment needs. Citi Pay will be made available to Citi customers for online and in-app purchases. As a digital extension of their current card…
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Financial innovation company R3 and ten of its consortium member banks have successfully developed a proof-of-concept for a Know Your Customer (KYC) registry that addresses the challenges associated with satisfying regulatory requirements and allows identities to be managed by their owners. BBVA, CIBC, ING, Intesa Sanpaolo, Natixis, Nordea, Northern Trust, Société Générale, UBS and US…
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CME Group (NASDAQ: CME), the world's leading and most diverse derivatives marketplace, reached a record high in single-day volume with 44,516,949 contracts traded across all asset classes on November 9, 2016, the day after the U.S. elections... breaking the previous record of 39,567,064 contracts set on October 15, 2014. The election volatility should spell well…
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