After signing a three-year software license agreement with Banclogix in December last year, Hong Kong Forex broker KVB Kunlun Financial Group Ltd (HKG:8077) today announces an expansion of the partnership via a new deal - New Information Technology Services Agreement. The term of the new deal is from April 19, 2016 to December 31, 2018, both…
Read moreYesterday saw 11 teams showcase their innovative tech proposals at a Demo Day concluding the third London cohort of the Barclays Accelerator, the program which seeks to bolster fintech start-ups. This time, the Barclays Accelerator also included an internal Barclays PLC (LON:BARC) team, Smart Contract Templates. The Barclays internal team produced a blockchain-inspired prototype that…
Read moreLCH.Clearnet is about to change the account fee terms SwapClear and ForexClear. Effective May 1, 2016, SwapClear and ForexClear are moving to a semi-annual billing cycle for Asset Segregated and additional Client accounts. The existing annual account cost and account volume discount remains unchanged. A semi-annual account fee will be charged for the six-month period…
Read moreFinancial services technology provider FIS (NYSE:FIS) and The Clearing House Payments Company L.L.C. (TCH) have joined their forces to develop the United States’ first-of-its-kind, real-time payments system, available to all financial institutions nationwide. The companies are getting ready to launch a pilot with early-adopter financial institutions, initially focusing on the bill payment use case, using…
Read moreRetail forex broker Saxo Bank has taken a big step in growing its presence in mainland China, several months after the Copenhagen-based company first established an office in Shanghai. Saxo Bank announced today a tri-party agreement with Wallstreet CN and LeanWork. The users of Wallstreet CN, one of the most popular financial content providers in Greater China, will…
Read moreNorth American Derivatives Exchange, Inc. (Nadex), part of IG Group Holdings plc (LON:IGG), has just released an update to its mobile application for Android gadgets, with the enhancements including easier work with documents and improved search. The latest version of the solution (2.1.2) offers users to: • Securely upload of application documents directly from the…
Read moreBloomberg is reporting that global head of FX at Deutsche Bank AG (USA) (NYSE:DB), Ahmet Arinc, is on leave from the company, citing people with knowledge of the situation. Deutsche Bank is the only one of the major global banks which has not yet reached a settlement deal with the US Department of Justice regarding allegations that…
Read moreThe CFTC's Registration Deficient (RED) list identifies Forex and Binary Options brokers operating illegally without being registered in the US.
Read moreProvider of high-performance trade routing, reliable market data, and advanced technical analysis CQG has launched its next-generation, low-latency order routing system, Gateway 5.0. This version substantially cuts order processing latency, with some aspects being up to ten times faster. The order routing system is multi-functional: it accepts orders, performs risk checks, and delivers orders to…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) today announces that at its meeting held on March 28, 2016, it decided to revoke the Cyprus Investment Firm (CIF) license of Falcon Brokers Ltd. The withdrawal of the license stems from violation of operational requirements concerning clients' funds. The company, operating via new.falconbrokers.com, has three months to…
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