The UK Financial Conduct Authority (FCA) believes that consumers should be wary of dealing with OneCoin, which claims to offer the chance to make money through the trading and ‘mining’ of virtual currencies. OneCoin markets itself as ‘a digital currency, based on cryptography’. It claims to have a finite amount of currency units which means…
Read moreJohn Hardy, Head of FX Strategy at Saxo Bank, takes a look at last night's US Presidential debate and what is has meant for FX trading today and beyond. More of John’s research can be seen at Saxo Bank’s TradingFloor.com. [divide] FX Update: Presidential debates wash over FX Clinton and the Mexican peso emerge as…
Read moreTrading and investment company, Saxo Bank, has announced the launching of a new order driven execution model for FX Spot, FX Forwards and CFDs on Indices and Commodities, aligning its practices with those in other asset classes as it consolidates its multi-asset trading offering. The order driven model, which is currently in testing and will be launched…
Read moreFCA and ASIC regulated retail forex and CFD broker ThinkMarkets has announced that it has implemented GB Group plc (LON:GBG) unit GBG’s online verification solution, to enhance its account opening and anti-money laundering screening capabilities. The move will complement ThinkMarkets’ existing framework and further minimise the risk of financial crime, money laundering and terrorist financing. ThinkMarkets deployed…
Read moreCLS Group, a provider of risk management and operational services for the global foreign exchange (FX) market, has announced its intent to release a payment netting service, CLS Netting, for buy-side and sell-side institutions’ FX trades that are settled outside the CLS settlement service. David Puth, CEO of CLS, commented: Working with our settlement members…
Read moreThomson Reuters Elite has revealed its latest version of 3E to customers at its annual VANTAGE users conference in London. 3E 2.8 includes standardized workflows new to the software suite, along with more than 175 enhancements to further improve the enterprise management solution’s functionality, performance and usability. According to Eric Ruud, managing director of Thomson…
Read moreThe Securities and Exchange Commission (SEC) has charged a former microcap company CEO and a boiler room operator with defrauding seniors and others who were pressured to invest in a pair of penny stock companies and promised lucrative profits. The SEC alleges that Craig V. Sizer founded Sanomedics Inc. and Fun Cool Free Inc., which were…
Read moreWind Information Co., Ltd, a provider of financial data in China, together with ICAP Information Services (IIS), the information arm of ICAP plc (IAP.L), a markets operator and provider of post-trade risk mitigation and information services, have extended their market data portfolio to include real-time US Treasury pricing and global FX spot rates. Following the…
Read moreMarketFactory has announced today that, effective October 1, James Sinclair will be appointed Executive Chairman, a full time role, and Darren Jer will become CEO of MarketFactory. Commenting on the change, James Sinclair said: MarketFactory is on track for another year of high growth, as well as geographic and product expansion. We’re double the size…
Read moreBusiness information giant Thomson Reuters Corp (NYSE:TRI) has announced the launch of its new Diversity & Inclusion (D&I) Index. The D&I Index ranks the top 100 publicly traded companies globally with the most diverse and inclusive workplaces, as measured by 24 metrics across four key categories: Diversity, Inclusion, People Development and News Controversies. The Index is…
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