January 19, 2016 BY Mike Fox

SEC: Denver-based alternative fund manager settles charges from overcharged fees, misleading investors

The Securities and Exchange Commission today announced that a Denver-based alternative fund manager has agreed to settle charges that the firm overcharged management fees and misled investors about how it valued certain assets. An SEC investigation found that Equinox Fund Management LLC calculated management fees contrary to the method described in registration statements for a…

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January 19, 2016 BY Mike Fox

CME Group announces the launch of 6 new WTI Houston Crude Oil futures contracts

CME Group Inc (NASDAQ:CME), the world's leading and most diverse derivatives marketplace, today announced the launch of six new West Texas Intermediate (WTI) Houston (Argus) Crude Oil futures contracts.  These new cash-settled futures will be available for trading on CME Globex and for submission for clearing via CME ClearPort effective Feb. 8, 2016, pending all…

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January 19, 2016 BY Mike Fox

Kraken, the SF-based global bitcoin exchange announces M&A acquiring Coinsetter and Cavirtex

Global bitcoin exchange Kraken today announced that they are acquiring major exchanges Coinsetter and Cavirtex. NYC-based Coinsetter, founded in 2012, is one of America’s most prominent national bitcoin exchanges, and Cavirtex, founded in 2011, is Canada’s first bitcoin exchange with unmatched historical trading volume in the country. With these two acquisitions, Kraken sets the stage for an…

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January 19, 2016 BY Mike Fox

EurexOTC Clear offers new incentive programme “Expand Liquidity”

Eurex Clearing announced the offering of a new incentive programme called “Expand Liquidity” which grants fee incentives to all Clearing Members and Registered Customers for their OTC Interest Rate Swap business. The new incentive programme “Expand Liquidity” follows the recently expired incentive programmes “EMIR Readiness” and “On-boarding incentive programme” which offered a fee discount resp.…

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January 19, 2016 BY Mike Fox

TFX and S&P Dow Jones Indices sign a license agreement for DJIA Index

Tokyo Financial Exchange Inc. (TFX) and S&P Dow Jones Indices LLC today announced a signed agreement which allows TFX to list DJIA Margin contracts based on Dow Jones Industrial Average (DJIA) on TFX. By adding yen denominated DJIA Margin contracts to TFX's Exchange Equity Index Margin Contracts called “Click Kabu 365”, Japanese investors will be able to…

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January 19, 2016 BY Mike Fox

MotiveWave Trading Platform adds Charts Plus Edition to its lineup of product offerings

MotiveWave is a full-featured trading platform that provides advanced charting and market analysis, strategy creation and back testing and is available for Windows and Mac OS X. MotiveWave can be used to trade any securities that your broker or data service supports, including: stocks, futures, options, equities and forex. MotiveWave Software, a Toronto-based developer of…

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January 19, 2016 BY Mike Fox

New York Times: Deutsche Bank to face British lawsuit on Forex high-frequency trading price manipulation

A report from Jack Ewing of the New York Times states that "already troubled by recent lawsuits and official investigations, Deutsche Bank (NYSE:DB) is facing another challenge - it's about to be sued in British court for using high-speed trading software." That lawsuit asserts the lender used the trading platform known as Autobahn to take advantage…

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January 19, 2016 BY Mike Fox

RBS partners with New Change to deliver independent TCA FX tool

Royal Bank of Scotland Group plc (LON:RBS) has chosen New Change Currency Consultants Limited (NCFX) to deliver an independent way for large corporate and financial institution customers to measure “slippage” and run a portfolio analysis of their currency trades against NCFX mid-market rate data. The NCFX mid-market rate data is available through a Transaction Cost Analysis…

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January 19, 2016 BY Mike Fox

Orbex adds exotic FX pairs and new cash CFD indices

CySEC regulated forex broker Orbex is announcing today they are adding two sets of new trading instruments. Orbex launched today cash indices on Dow Jones, Nasdaq, S&P and DAX that are offered with low margin requirements, non-expiring contracts, fixed spreads, and zero commission charges. The new indices are replacing the broker's regular equity indices of which the last traded contract will…

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