September 15, 2016 BY Valentina Kirilova

ASIC permanently bans former company director in relation to fraudulent misappropriation

ASIC has permanently banned Mr Steven William Hill from engaging in credit activities and providing financial services. An ASIC investigation found that between January 2006 and February 2007, Mr Hill, through Hill Stephens & Associates Pty Ltd and International Finance Consortium (Aust) Pty Ltd induced various investors to pay approximately $618,000 to acquire interests in…

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September 15, 2016 BY Valentina Kirilova

Thomson Reuters Wealth Management offers investment research solutions through agreement with New Constructs

Thomson Reuters has signed an agreement with independent research firm New Constructs to offer innovative investment research to Thomson ONE North American Wealth Management clients. New Constructs offers forensic-accounting reports to help investors, traders, and advisors make informed decisions. The company leverages proprietary technology to analyze SEC filings, especially footnotes, to create unique investment insights.…

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September 15, 2016 BY Valentina Kirilova

TradeSocio launches an alternative investment platform Alpha

TradeSocio, a Fintech company founded in 2015, has announced the launch of Alpha, an alternative investment platform aimed at Forex Brokers, as well as other Financial Institutions. TradeSocio’s platform Alpha offers the experience of co-existing within a single balanced ecosystem. Up until now, it has proven difficult to house key financial players in a single ecosystem…

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September 14, 2016 BY Mike Fox

Markit names Jane Hamilton to FX business development team

IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced that Jane Hamilton joined the firm as managing director of business development for FX. Jane brings deep experience in the FX market, prime brokerage and the technology systems supporting FX trading to Markit. She will be responsible for expanding Markit’s…

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September 14, 2016 BY Mike Fox

Barchart names Mitch Naumann as Head of Institutional Sales

Today, Barchart, a leading provider of financial market data and technology, announced that Mitch Naumann has been named Head of Institutional Sales. Naumann who most recently served as Institutional Sales Director, joined Barchart in 2008 as a Sales Associate. Naumann has worked to open up new markets to Barchart as well as build strategic relationships…

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September 14, 2016 BY Mike Fox

KPMG launches blockchain Digital Ledger Services for financial companies

KPMG today announced the introduction of its Digital Ledger Services, a comprehensive suite of services designed to help financial services companies realize the potential of blockchain capabilities -- providing faster and more secure transactions, streamlining and automating back office operations, and reducing costs by utilizing blockchain-based technologies. Blockchain is an alternative ledger database that maintains a continuously…

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September 14, 2016 BY Mike Fox

Cryptocurrency trading platform itBit founders launch separate blockchain brand Paxos

Paxos, a financial technology company delivering revolutionary blockchain solutions for global financial institutions, this week unveiled its new brand. The Paxos team—whose leadership launched itBit, the innovative cryptocurrency trading platform—consists of experienced financial services professionals with post-trade and market infrastructure expertise, leading technologists and engineers. Bankchain was previously recognized under the itBit umbrella, but has become…

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September 14, 2016 BY Mike Fox

FXCM releases historical Forex spreads data

FXCM Inc. (NYSE:FXCM), a global online provider of forex trading, Contract for Difference (CFD), and related services, released historical data on the lowest average spreads for the most popular currency pairs, exclusively on Standard and Active Trader accounts, featuring No Dealing Desk Execution. Traders now have access to the 2015 Historical Spreads Report, and the…

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September 14, 2016 BY Valentina Kirilova

Xetra-Gold exceeds 100 ton mark in gold holdings

The gold held in custody by Deutsche Börse Commodities GmbH for the purpose of physically backing the Xetra-Gold bond has risen to a new record high of 100.97 tons, an increase of approximately 70 per cent since the beginning of the year. For each Xetra-Gold bond, exactly one gram of gold is deposited in the…

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