July 20, 2016 BY Mike Fox

The Fed bars former Forex trader from banking industry for his manipulation of benchmarks

The Federal Reserve Board announced yesterday it is prohibiting a former FX trader from participating in the banking industry for his manipulation of FX pricing benchmarks. Matthew Gardiner, a former FX trader at Barclays PLC and at UBS AG, used electronic chat rooms to coordinate FX trading, facilitate manipulation of FX pricing benchmarks, disclose confidential customer information…

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July 20, 2016 BY Valentina Kirilova

Pico and Corvil to build all-new trading platform for European markets

Pico, a group of affiliated managed services providers of multi-asset electronic trading technologies, has announced an expansion of its relationship with the network data analytics company for business in the Now™ Corvil as part of Pico's continued growth in European markets. Throughout 2016, Pico has rapidly expanded its European presence and solutions offering, creating an advanced…

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July 20, 2016 BY Valentina Kirilova

The AMF and ACPR launch the FinTech forum

Creating the FinTech, Innovation and Competitiveness division (FIC) was just the beginning. France regulator The Autorité des Marchés Financiers (AMF) has announced that is has started a new FinTech Forum. The AMF and Autorité de Contrôle Prudentiel et de Résolution (ACPR) will coordinate its work. The FinTech Forum is a new body for consultation and dialogue with…

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July 20, 2016 BY Valentina Kirilova

FCA warns on clone firm Portsea Asset Management LLP

Today the UK Financial Conduct Authority put out details of a cloned firm using the name of the investment advisory firm Portsea Asset Management LLP. Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK: Portsea Asset Management LLP (clone of FCA authorised firm) This…

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July 20, 2016 BY Valentina Kirilova

ASIC cancels AFS licence of ICBC Capital Limited

ASIC has cancelled the Australian Financial Services (AFS) licence of corporate advisory and venture capital firm ICBC Capital Pty Ltd (in liquidation) (ACN140 629 296). ICBC was formerly known as Komodo Capital Pty Ltd. ASIC took this action as ICBC had been placed in liquidation by the Supreme Court of New South Wales on March…

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July 19, 2016 BY Mike Fox

ESMA recommends granting Jersey funds and managers an AIFMD Passport

The Jersey Financial Services Commission (JFSC) today welcomed the recommendation that the European Securities and Markets Authority (ESMA) made to the European Parliament, Council and Commission it should be amongst those ‘third countries’ granted an (Alternative Investment Fund Managers Directive) AIFMD passport. The JFSC has fully engaged with ESMA and has been working closely with Member State…

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July 19, 2016 BY Valentina Kirilova

MetaQuotes prepares MetaTrader 5 video guides

Alpari has noted significant growth on the number of new trading accounts through the MetaTrader 5 platform. Representatives of RoboForex have also reported a steep increase in the number of opened accounts. Furthermore, a growing number of traders on Moscow Exchange tend to choose the new platform and switch to MetaTrader 5 brokers. Now that…

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July 19, 2016 BY Mike Fox

XTX Markets joins Broadway Technology as liquidity provider

Today it was announced that XTX Markets has joined Broadway Technology as a liquidity provider. Broadway Technology is a leading provider of high-performance financial trading solutions for electronic fixed-income markets. XTX is a leading electronic trading firm partnering with exchanges and e-trading venues globally to provide liquidity in FX and derivatives markets. “Broadway Technology is an established vendor of choice…

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