International derivatives marketplace CME Group Inc (NASDAQ:CME) on Tuesday announced that it has sealed a definitive agreement to sell its suburban Chicago data center in Aurora to global data center services provider CyrusOne Inc (NASDAQ:CONE) for $130 million. Under the agreement, CME Group will enter into a 15-year lease for data center space and will…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) today announced that a federal district court has unsealed a civil Complaint that the CFTC filed with the Northern District of Illinois on February 2, 2016, against two foreign web-based binary options firms, Vault Options, Ltd. (Vault) and Global Trader 365 (GT 365), both Israeli web-based companies. According to…
Read moreCLS Group (CLS), the market infrastructure provider of risk mitigation services to the global FX market, has earlier today published its operating metrics for February 2016. The average daily input volume submitted to CLS, combining the settlement and aggregation services, was 1,220,828, marking a drop of 2.3% from January 2016 when the result was 1,249,226.…
Read moreRussia's Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN), which is seeking to obtain a status of Forex self-regulatory organization (SRO) from the Bank of Russia, has received feedback from the regulator regarding its internal standards projects. The Bank of Russia has reviewed the proposals and has made clarifications and recommendations regarding these.…
Read moreThe Director of the Serious Fraud Office (SFO) has today closed the authority's investigation into allegations of fraudulent conduct in the foreign exchange market (Forex). The probe was launched in July 2014, as global regulators investigated collusion and price manipulation allegation. The SFO decision comes after what the body called “a thorough and independent investigation…
Read moreBitcoin technology and payment processing company BitPay has announced a new partnership with blockchain technology provider Bloq. Bloq will be offering enterprise-grade implementation and 24/7 support for companies using the full node and development platform to establish Bitcoin and blockchain-based services. Through this collaboration, Bloq will be offering Bitcore in its BloqEnterprise product offering. Companies…
Read moreLess than a day after IBFX Inc (TradeStation Forex) was ordered by the CFTC to pay a $1 million civil monetary penalty for violating capital requirements, the broker encountered further sanctions from US authorities. The U.S. National Futures Association (NFA) announced today that it has ordered IBFX, Inc. (IBFX), an NFA Member registered retail foreign exchange…
Read moreAt a hearing at the City of Westminster Magistrates’ Court today, Phillip Harold Boakes, the mastermind of a vast-scale Ponzi scheme that defrauded investors of more than £3.5 million, got a 730-days prison sentence, the reason being his failure to pay a confiscation order. The new prison sentence is in addition to the term of…
Read moreLeapRate Exclusive Interview... The past year has seen its fair share of problems and scandals in both the retail and institutional arms of the FX market. The Swiss Franc spike. Last look abuse. Chat room collusion. Have we all learned something? Are things changing (for the better)? Do we feel more confident about our FX…
Read moreBroadridge Financial Solutions, Inc. (NYSE:BR), a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers, today announces a partnership with The Technancial Company Ltd. (TTC). The key aim of the partnership is to provide an enhanced post-trade offering for futures and options. Broadridge's global post-trade processing solution will be…
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