The UK Serious Fraud Office (SFO) today provided an update regarding its criminal investigation into the manipulation of LIBOR. A jury at Southwark Crown Court today found five individuals not guilty of conspiracy to defraud via the alleged manipulation of LIBOR. Colin John Goodman, Danny Martin Wilkinson, Terry John Farr, James Andrew Gilmour and Noel…
Read moreFrance's financial markets regulator AMF has just published the results of a survey conducted by the CSA institute, with the findings showing increased interest into Forex and binary options, as well as a decent percentage of investors becoming targets and victims of fraudulent investment schemes. The pool of respondents includes 1,003 French residents, of at…
Read moreInternational derivatives marketplace CME Group Inc (NASDAQ:CME) today welcomed two new members to its Competitive Markets Advisory Council (CMAC). The new members are Lars Hansen, David Rockefeller Distinguished Service Professor of Economics at the University of Chicago and 2013 recipient of the Nobel Prize in Economics; and Randall Kroszner, former member of the Board of…
Read moreThinkLiquidity today announced it has become a registered service provider with CME Group (NASDAQ: CME) to offer transaction reporting for brokers licensed under the Australian Securities Investments Commission (ASIC) to the CME Group ASIC licensed Australian Trade Repository (ATR). ASIC Derivative Transaction Rules apply to all reporting entities if they are in scope, which includes licensed brokers.…
Read moreWe said that this was coming. Following a wave of reviews of some of the largest Cyprus-based regulated forex and binary options brokers undertaken by financial regulator CySEC over the past few months, we reported in late November on a number of fairly large (by Cyprus standards) > €100,000 fines and settlements issued to a…
Read moreMubasher Financial Services (MFS), one of the Middle East's leading brokerage service providers for professional investors announced today the launch of the new trading platform, MTrade-Plus. A new addition to Mubasher Financial Services product offerings, MTrade-Plus provides a solid and efficient platform aimed to support retail and institutional investors. MTrade-Plus is a touch-optimized, multi-functional platform that applies creative…
Read moreSince the launch of its automated investment platform SuperTrader in October 2013, retail Forex broker FxPro has been constantly enhancing the solution. Today, the broker announced updates to the platform. FxPro said it has implemented new execution technologies that enable the opening and closing prices traders receive in their SuperTrader portfolio to completely mirror those of…
Read moreU.K.-based HiFX, the fast-growing provider of online international payments and foreign exchange services, and a subsidiary of Euronet Worldwide, Inc. (Nasdaq:EEFT), announces its entry into North America. HiFX will bring its global payments expertise, innovative financial technology and highly tailored customer service to the billion-dollar U.S. and Canadian currency exchange market. Headquartered in Buena Park, California,…
Read moreThe Payment Systems Regulator (PSR), the economic regulator for UK payment systems, has today announced the appointment of Paul Smith as its Head of Policy. Paul has a wealth of experience working for UK regulators, having previously held roles at Postcomm (now Ofcom) and Ofgem. He joins the PSR from the Australian Energy Market Commission…
Read moreScivantage, a Global FinTech 100 technology provider of wealth management and cost basis solutions, today announced one more addition to its senior ranks. The company has hired David Root, formerly of Envestnet, Inc., as Vice President of Business Development. Mr. Root's key function in his new role will be to continue Scivantage’s recent success in…
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