March 31, 2014 BY Gerald Segal

New Zealand's Commerce Commission to now investigate forex market

New Zealand regulator launching active investigation into the currency trading market We learned on Monday that New Zealand's Commerce Commission is investigating the foreign exchange market, amid a global inquiry into alleged manipulation of currency rates. This comes on the back of an announcement by The Australian Securities and Investment Commission, when they joined the…

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March 31, 2014 BY Gerald Segal

Panel Examines Algos and Visualization Tools in FX

Interesting results from recent Tibco-sponsored survey on FX trading practices   In a piece by Jake Thomases in Sell-Side Technology, he notes an overview from a panel of forex practitioners which analyzed the results from a recent Tibco-sponsored survey on FX trading practices. Tibco software confirmed what we already know, that a high percentage of FX…

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March 30, 2014 BY Andrew Saks-McLeod

CFTC spares Singapore Exchange's clearing division an enforcement - but for how long?

The global drive among national regulators to work together toward standardizing trade clearing methodology continues, as the CFTC defers enforcement action against SGX-DC The US Commodity Futures Trading Commission's Division of Clearing and Risk (DCR) issued a time-limited no-action letter to the Singapore Exchange Derivatives Clearing Limited (SGX-DC) on Friday last week, as Singapore readies…

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March 28, 2014 BY Gerald Segal

CoreOne Technologies Selects Equinix to Support Asia-Pacific Expansion

Extends delivery of its services in the region via Platform Equinix in Singapore On Thursday March 27th in an official press release, CoreOne Technologies announced they have deployed with Equinix, Inc. in one of its International Business Exchange(TM) (IBX(R)) data centers in Singapore (SG2). The deployment will enable CoreOne Technologies to offer its VistaOne information…

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March 28, 2014 BY Andrew Saks-McLeod

Russia's Sperbank CIS to automate FX transactions for commercial clients

Corporate demand among Russian companies wishing to do business overseas has led to Sperbank CIS's imminent launch of corporate FX marketplace via open platform Russian financial market participants are portraying an increasing will to provide institutional trading facilities overseas via connectivity of Moscow's executing venues to global liquidity pools, as well as the national government's…

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March 28, 2014 BY Gerald Segal

USA financial firms have increased spending on systemic risk mitigation

Coincides with ease in fears of a systemic risk event happening in the next 12 months   A recent survey conducted by The Depository Trust & Clearing Corporation (DTCC) revealed that a vast majority of financial firms have increased spending on systemic risk mitigation. With new regulations being implemented across the board and financial firms…

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March 27, 2014 BY Andrew Saks-McLeod

Collaboration eh? CFTC enters into MoU with five Canadian regulatory authorities

US CFTC to collaborate with Canadian provincial regulators in order to enhance supervision of cross-border regulated entities The United States is regarded among the vast majority of electronic trading companies from retail FX brokers to the long-established and steadfast institutional trading desks of Chicago as being the most stringent and well-organised jurisdiction when it comes…

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