Societe Generale unit hit by CFTC with $750,000 fine for illegal Wash trades LeapRate

September 28, 2016 BY LeapRate Staff

Societe Generale unit hit by CFTC with $750,000 fine for illegal Wash trades

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against SG Americas Securities, LLC, as successor to Newedge USA, LLC (Newedge), a financial services firm registered with the CFTC as a Futures Commission Merchant for participating in unlawful wash trades and for failing to diligently supervise over a…

September 28, 2016 BY LeapRate Staff

Redline Trading Solutions releases new InRush feed handler for the EBS Live Ultra data feed

Intelligent market data and order execution solutions provider Redline Trading Solutions has announced the availability of its new InRush feed handler, for the new high-performance EBS Live Ultra market data feed. EBS BrokerTec announced in February 2016 its plan to introduce streaming real-time market data later in the year for its leading EBS Market foreign exchange trading platform,…

September 28, 2016 BY LeapRate Staff

Plus500 founders cashing out $150 million in shares

CFD broker Plus500 Ltd (LON:PLUS) has announced that the founders of the Company - Alon Gonen and Gal Haber (pictured above), as well as Elad Ben-Izhak, Omer Elazari and Shlomi Weizmann - have notified the company of their intention to sell in aggregate up to 15.5 million of their Plus500 shares. The 15.5 million shares…

September 28, 2016 BY Valentina Kirilova

GTX teams with Nightberg to provide market strategy service to FX clients

Another piece of news from GAIN Capital Holdings Inc. (NYSE: GCAP) we learned that GTX, the institutional foreign exchange trading arm of GAIN and Nightberg, an independent macro strategy firm founded by former hedge fund strategists, are partnering to distribute Nightberg’s full suite of investment research to institutional FX traders. The product will be provided on…

September 28, 2016 BY Mike Fox

Windsor Brokers capital adequacy ratio 7x higher than minimum requirement

The ‘Disclosure and Market Discipline Report’ of Windsor Brokers Ltd, a licensed and regulated CySEC FX provider indicates their Capital Adequacy Ratio (CAR) at an astonishing 59% which is 7 times more than the minimum required by law. The company has been active in the financial markets for over 27 years, catering to retail and…

September 28, 2016 BY Mike Fox

Forex ECN FastMatch joins IPC's FX Hub

IPC, a leading global provider of secure, compliant communications and networking solutions for the financial markets community, and FastMatch, a leading financial technology company focusing on forex trading, today announced that FastMatch has joined the IPC FX Hub. IPC's FX Hub supports the global forex markets through Equinix's International Business Exchange (IBX) data centers in New York…

September 28, 2016 BY Valentina Kirilova

Digital currency DASH partners with compliance provider Coinfirm

The digital currency Dash has announced the direct cooperation with a blockchain compliance platform provider Coinfirm. The partnership creates an interwoven solution for AML/KYC compliance in cryptocurrency, the fastest-growing sector in finance. London-based Coinfirm will provide Dash with the capacity for safe adoption by commercial or financial institutions that require full-fledged compliance without affecting Dash’s optional…

September 28, 2016 BY Valentina Kirilova

HKEX publishes further information on Shenzhen-Hong Kong Stock Connect to facilitate business and technical preparation

As part of the market communication plan for Shenzhen-Hong Kong Stock Connect, the Stock Exchange of Hong Kong Limited (SEHK) and Hong Kong Securities Clearing Company Limited (HKSCC), wholly-owned subsidiaries of Hong Kong Exchanges and Clearing Limited (HKEX), has published the revised Information Book, Frequently Asked Questions and the proposed amendments to the Rules of the…

September 28, 2016 BY Valentina Kirilova

ASIC updates regulatory framework for charitable investment fundraisers

ASIC has issued a revised policy and regulatory framework for charities that raise investment funds. The framework removes regulatory barriers to the issue of financial products while strengthening protection for public investors. The changes follow an ASIC review of the operation of exemptions available to charities from certain managed investment, debenture, fundraising and licensing provisions…