November 16, 2015 BY Mike Fox

FINRA fines Scottrade $2.6M for failures in required electronic records and email retention

The Financial Industry Regulatory Authority (FINRA) has dealt it's latest fine, the U.S. financial and securities watchdog announced today that it fined discount brokerage house and e-trading provider Scottrade, Inc. $2.6 million for failing to retain a large number of securities-related electronic records in the required format, and for failing to retain certain categories of outgoing…

Read more
November 16, 2015 BY Maria Nikolova

Bitcoin firm BTCS incurs $3.82M loss in Q3 2015

BTCS Inc (OTCMKTS:BTCS), formerly known as Bitcoin Shop, Inc., has just filed a report with the U.S. Securities and Exchange Commission (SEC) regarding its results for the three months to September 30, 2015. Adding to the gloomy financial metrics for the first half of 2015, when the company posted a net loss of $4.6 million,…

Read more
November 16, 2015 BY Maria Nikolova

BGC, GFI agree to sell Trayport to ICE for $650M in shares

More news on the M&A front, as BGC Partners, Inc. (NASDAQ:BGCP) and its majority-owned division GFI Group Inc. have just announced an agreement to sell Trayport, a provider of trading and aggregation software in the global OTC energy and commodities markets, to Intercontinental Exchange Inc (NYSE:ICE). The GFI sellers will receive $650 million in ICE…

Read more
November 16, 2015 BY Mike Fox

Hong Kong platform provider Global eSolutions partners with ADS Securities

A quick note today on a new vendor partnership as Global eSolutions (HK) Limited (GES), a Hong Kong based financial trading platform provider announced a new partnership with ADS Securities. “We are excited to have partnered with ADS Securities.” said Ben Tse, Marketing Manager of GES. “By partnering with ADS Securities, we are able to offer…

Read more
November 16, 2015 BY Maria Nikolova

CLS starts settlements in Hungarian forint

CLS Group (CLS), a provider of risk mitigation and operational services for the Forex market, announces today that it has commenced settling payment instructions in the Hungarian forint (HUF) on behalf of its settlement members. The addition takes the total number of currencies eligible for settlement through CLS to 18. During 2015 CLS has settled,…

Read more
November 16, 2015 BY Maria Nikolova

DFM pursues “Smart Borse” strategy with launch of revamped website

Dubai Financial Market (DFM) on Sunday announced the official launch of its newly designed website www.dfm.ae, adding its weight to the number of companies in the financial services sector redesigning their websites in tune with contemporary demands. The live launch of the redesigned website comes after the rollout of its Beta Version early this year.…

Read more
November 16, 2015 BY Maria Nikolova

ICAP's EBS BrokerTec names Tim Cartledge its Chief Strategy Officer

EBS BrokerTec, the electronic foreign exchange (FX) and fixed income business of ICAP plc (LON:IAP), today announced the appointment of Tim Cartledge as its Chief Strategy Officer. The appointment comes into effect immediately. Mr Cartledge, who will be based in London, will report to Gil Mandelzis, CEO. He will join both the EBS BrokerTec Executive…

Read more
November 16, 2015 BY Maria Nikolova

Alpari extends binary options offering to clients of Mauritius-based subsidiary

Alpari has announced that as of November 12, 2015, clients of its Mauritius-registered subsidiary Alpari International are able to trade binary options. Trading binary options is available via the web-based BinaryTrader platform. The platform offers four types of strategies for trading and 19 underlying assets including precious metals and currency pairs. The expiry times range…

Read more
November 16, 2015 BY Maria Nikolova

Belize's financial regulator warns against NewTradeFX

The International Financial Services Commission of Belize (IFSC) on Friday published a warning against Forex and CFD broker Financial Strategy Holdings Ltd., operating as New Trade FX (NewTradeFX) via newtradefx.com. The regulator wishes to inform investors that the business entity in question is not licensed by the International Financial Services Commission or any other competent…

Read more