December 17, 2015 BY Maria Nikolova

Swiss regulator issues six industry bans against UBS managers, traders for FX manipulation

The Swiss Financial Market Supervisory Authority (FINMA) today announced that has issued industry bans of between one and five years against six managers and traders formally employed in the foreign exchange and precious metals business of UBS AG (SWX:UBSN). The watchdog concluded that the six individuals were responsible for the breaches of regulation at UBS…

Read more
December 17, 2015 BY Maria Nikolova

BitPay expands in Asia via partnership with GASH Point

Bitcoin technology and payment processing company BitPay on Wednesday announced a partnership with GASH Point, a gaming payment brand owned by Taiwanese digital media giant Gamania. GASH Point is a reloadable wallet and prepaid card for online gaming purchases. The wallet is already used by GASH's 10 million clients in Asia and powers more than…

Read more
December 17, 2015 BY Maria Nikolova

Redline Trading Solutions now supports TOCOM

Provider of market data and order execution systems for automated trading Redline Trading Solutions today announced support for futures trading on the Tokyo Commodity Exchange (TOCOM). Market data from TOCOM’s trading system is now made available through Redline’s InRush accelerated ticker plant at ultra-low latency speeds. Automated derivative trading strategies receive insights from more timely…

Read more
December 17, 2015 BY Maria Nikolova

Adgorithms expects earnings in Q4 2015 to be below expectations

Israeli advertising software developer Adgorithms Ltd (LON:ADGO), which had its public listing on AIM in June this year, today provided a trading update for the fourth quarter of 2015. In tune with a previous downbeat forecast for full-year earnings, the company today said that EBITDA margin in the final quarter of the year will be…

Read more
December 17, 2015 BY Maria Nikolova

Belgium's FSMA updates list of unauthorized investment businesses, issues 12 more warnings

The Financial Services and Markets Authority (FSMA) of Belgium on Wednesday updated its list of unauthorized investment businesses by issuing 12 more warnings to the public against the activities of various "boiler rooms". The Belgian regulator defines “boiler room” as a type of fraud that involves contacting customers often by telephone, offering to sell them…

Read more
December 17, 2015 BY LeapRate Staff

ASIC asks IronFX to correct disclosure regarding parent company website

Australia's financial regulator ASIC has noted that IronFX, whose Australian subsidiary is licensed and regulated by ASIC, has been asked to correct disclosure about Australian regulation and counterparty arrangements. Following concerns raised by ASIC, IronFX's Australia sub IronFX Global Australia Pty Ltd has taken steps to remove references from the parent company's (IronFX Cyprus) website, and…

Read more
December 17, 2015 BY Mike Fox

Perseus expansion to connect Brazilian financial markets to the world’s largest financial liquidity centers

World leading provider of managed services for high-precision, high-speed, high-performance applications Perseus and RTM, the main technology provider in Brazil's financial industry announced the expansion of their existing relationship, bringing all RTM services onto the Perseus backbone, enabling service scalability across the globe. The network interconnection virtually connects all Brazilian financial market participants to the world’s largest…

Read more
December 16, 2015 BY Maria Nikolova

CFTC approves tighter cybersecurity rules for Derivatives Clearing Organizations, Trading Platforms, Swap Data Repositories

Cybersecurity has been in the focus of US financial regulators over the past several months. In October this year, the National Futures Association (NFA) unveiled new cybersecurity rules for its members, including Forex brokers, and in November, the New York State Department of Financial Services (NYDFS) sent an official letter to Financial and Banking Information Infrastructure Committee…

Read more