July 15, 2016 BY Valentina Kirilova

Former Wickham Securities CEO pleads guilty

The former CEO of collapsed debenture issuer, Wickham Securities Ltd, has pleaded guilty to various charges brought by ASIC, including fraud. Garth Peter Robertson appeared in the Brisbane District Court and pleaded guilty to: • 10 counts of dishonestly obtaining property totalling $761,504 from Wickham Securities between December 2010 and November 2012; • one count…

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July 15, 2016 BY Mike Fox

LA startup announces new Bitcoin point-of-sale terminal

A new Bitcoin point-of-sale (POS) terminal by 34 Bytes has now entered the beta testing phase per an announcement today from the Los Angeles-based startup. 34 Bytes is looking at pioneering in cryptocurrency payment solutions for physical stores. 34 Bytes is deeply involved in the promotion of the emerging crypto-economy by creating solutions aimed at…

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July 14, 2016 BY Mike Fox

CFTC orders Michigan Introducing Broker fraudster to pay over $7 million

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Respondents Atlantas Group, Inc. (Atlantas) and Edmund Hysni for committing solicitation fraud in connection with options on futures contracts trading on the Chicago Board of Trade and the Commodity Exchange, Inc., and against Hysni for willfully making material…

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July 14, 2016 BY Mike Fox

CLS sees June daily input value at USD 5.19 trillion up 12.6% MoM

CLS, the operator of the largest multicurrency cash settlement system for FX transactions today reported June volumes and metrics; seeing a nice gain MoM and YoY in input value, probably the best gauge of the overall performance and size of the FX market, see the numbers below: In June 2016: The average daily input volume submitted to CLS,…

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July 14, 2016 BY Mike Fox

Pragma launches TradeBase to enhance order routing transparency

Pragma Securities, a leading independent provider of multi-asset class, high performance algorithmic trading tools, has launched TradeBase, a relational database that provides clients real-time access to their parent and child FIX order messages for greater transparency to facilitate client risk management, compliance, and monitoring of their algorithmic orders. TradeBase is populated in real-time, and enables…

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July 14, 2016 BY Valentina Kirilova

Central Bank of Russia has officially acknowledged quality of MOEx USD/RUB FX Fixing

The Central Bank of Russia (CBR) has officially recognised Moscow Exchange's USD/RUB FX Fixing and Moscow Exchange's operational performance as fixing administrator as being of satisfactory quality. The CBR also the fixing`s compliance with the Bank`s requirements, which are based on the International Organization of Securities Commissions (IOSCO) principles for financial benchmarks. In March 2016,…

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July 14, 2016 BY Valentina Kirilova

Tokyo Commodity Exchange to launch Physical Gold Market

The Tokyo Commodity Exchange Inc. (TOCOM) has announced today that July 25th will be the start date of new Gold Physical Transaction, pending regulatory approval. Gold is the most actively traded commodity at the Exchange with both futures and options contracts listed. Simultaneously, TOCOM will introduce a delivery at settlement option for the Gold Rolling…

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