April 01, 2014 BY Andrew Saks-McLeod

FCA announces intention to implement preventative measures against LIBOR manipulation

British financial markets regulator announces plans to reduce possibility of rate manipulation by traders The Financial Conduct Authority (FCA) announced plans to look into how firms can reduce the risk of traders manipulating key benchmarks as a central part of its Business Plan for 2014/15, which was published yesterday. Together with several London-based financial institutions…

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April 01, 2014 BY Gerald Segal

Interdealer broker GFI Group selects Lombard Risk for reporting

GFI Group has selected Lombard Risk to handle reporting amid changing regulatory demands Lombard Risk Management plc (Lombard Risk), a leading provider of integrated regulatory reporting, compliance and collateral management solutions for the financial services industry, is pleased to announce that GFI Group has selected Lombard Risk REPORTER for EBA Common Reporting for its operations in…

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April 01, 2014 BY Gerald Segal

IG Index has deployed FioranoMQ from Fiorano Software

Replaces IBM MQ with faster, more robust JMS system Fiorano Software, a leader in enterprise integration middleware solutions, announced that FioranoMQ has been deployed at IG Index, the UK's number one financial spread betting and Forex services provider. Real-time enablement of multiple internal processes, reduced latencies, the addition of new business functionality and improvements in…

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April 01, 2014 BY Gerald Segal

ICAP Expects Annual Results In Line With Consensus Forecast

Announces its trading update ahead of the close period for the full year ending 31 March 2014 ICAP Plc (IAP), the world’s largest broker of transactions between banks unveils in an official news release that overall trading activity levels in the Global Broking division have declined consistent with general market trends since the time of…

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April 01, 2014 BY Andrew Saks-McLeod

Moscow Exchange signs cooperation agreement with KRX Korea Exchange as it broadens its horizons

Russia's advanced executing venue looks to the Far East for cooperation between venues on financial market development Making headway among executing venues in rapidly emerging markets is Russia's Moscow Exchange (MOEX.ME) which has risen to prominence during the course of the last year as a result of a number of factors, including the direct connectivity provided…

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March 31, 2014 BY Gerald Segal

IPO fever continues - SafeCharge raises $126 million

Teddy Sagi's SafeCharge raises $126m on AIM iGaming affiliate XLMedia upsized their IPO last week on the London Alternative Investment Market (AIM). Now it is payment clearing company SafeCharge’s turn. SafeCharge has become one of Europe's leading clearing companies, with a focus, for now at least, on the gaming industry as well as online trading…

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March 31, 2014 BY Andrew Saks-McLeod

CFTC and OFR Sign Memorandum of Understanding to Improve Data Quality

America's will to continue its widely recognized high level of consumer protection continues in form of joint project on data from swap repositories The Commodity Futures Trading Commission (CFTC)'s Acting Chairman Mark Wetjen and Office of Financial Research Director Richard Berner today announced a Memorandum of Understanding on the terms and conditions for the CFTC…

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March 31, 2014 BY Andrew Saks-McLeod

LeapRate Fraud Watch: $5.75 million civil penalty issued to Florida FX fraudsters

Queen Shoals Consultants, Gary D. Martin, and Brenda K. Martin Charged by CFTC for misappropriating client funds to convicted Ponzi scheme operator and extorting bogus referral fees The U.S. Commodity Futures Trading Commission (CFTC) has today announced that it has obtained a federal court supplemental consent Order requiring Defendants Gary D. Martin and Brenda K.…

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