Less 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…
Read moreProvider of futures and options trading and analytics solutions OptionsCity Software has just announced that City Execution, built on its REST-based City API, will power execution functionality on Thomson Reuters Eikon. Eikon is a major source of news, data and analytics for financial firms and City Execution will allow Eikon commodity and energy customers to…
Read moreGain Capital Holdings Inc (NYSE:GCAP), one of the major investment services providers in the United States, has reported its financial metrics for the fourth quarter and full year 2015. The final three months of the year brought a steep rise in profits, accompanied by a double-digit decrease in revenues. Regarding the full year, it is…
Read moreOnline trading services provider Gain Capital Holdings Inc (NYSE:GCAP) has just posted its key operating metrics for February 2016, with both retail and institutional trading volumes lagging behind levels seen in January 2016. Last week, another US Forex major – FXCM, reported its volumes metrics for February 2016, with retail volumes also staging a decrease,…
Read moreInternational derivatives marketplace CME Group Inc (NASDAQ:CME) has teamed up with provider of data control services Duco Technologies, in a partnership set to transform its member firms’ fee control processes. From later this year, CME Group will provide its member firms with Duco’s innovative reconciliation service, thus allowing them to vastly simplify processes around fee…
Read moreMarkets operator and provider of post trade risk mitigation and information services ICAP plc (LON:IAP) today announces that its Post Trade Risk and Information (PTRI) arm has successfully completed a proof of technology test case for a distributed ledger using blockchain technology. The proof of technology completed on February 26, 2016 , the company said…
Read moreMarkit Ltd (NASDAQ: MRKT), a leading global provider of financial information services, today announced the launch of a new service that enables banks to affirm FX trades executed by inter dealer brokers. Seven inter dealer brokers and eight banks have signed to use the service, which expands Markit’s centralised solutions for the FX market. Affirming…
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