March 21, 2014 BY Gerald Segal

CySEC warns against OptionSmarter and FrontierForex

Both companies show that they're based in Cyprus; Frontier even claims to be authorized by CySEC. Cyprus financial regulator CySEC has continued its crusade against unregulated forex and binary brokers which operate unlicensed out of the country, or (more likely) which appear to be based in Cyprus. The latest two? Retail forex broker site FrontierForex…

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March 21, 2014 BY Andrew Saks-McLeod

MtGox CEO Mark Karpeles reveals location of 200,000 lost bitcoins

Following the demise of MtGox resulting in 750,000 BTC losses to investors, former CEO Mark Karpeles notifies those concerned that 200,000 BTC have been located in offline wallets The highly unpredictable world of virtual currency has endured more than its fair share of extreme events over the last year, including fluctuating values when compared to…

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March 21, 2014 BY Andrew Saks-McLeod

Retail forex trading ban issued by…. Vietnam!

Four years after banning Gold trading floors, Vietnam similarly bans Forex trading floors Since the realization by a large number of FX firms that there was a land of opportunity in the Far East, substantial volume has been generated among the retail participants from what has now become an established network of introducing brokers and…

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March 20, 2014 BY Andrew Saks-McLeod

Intl FCStone wins Sentinel bankruptcy appeal and saves $15.6 million

Seven years subsequent to the demise of Sentinel Management Group, Illinois District Court grants INTL FCStone successful appeal against decision made in January last year US-based execution and electronic trading advisory services firm FCStone (NASDAQ:INTL) has today announced that its appeal of a decision made in January 2013 by the US District Court for the…

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March 20, 2014 BY Andrew Saks-McLeod

LeapRate Forex Fraud Watch - Steven Lyn Scott charged by CFTC

Texan Steven Lyn Scott charged with solicitation, fraud, misappropriation of client funds and registration violations The U.S. Commodity Futures Trading Commission (CFTC) has today reported that it filed an enforcement action March 19, 2014 against Defendant Steven Lyn Scott, who is also known as Stevon Lyn Scott, of Dallas, Texas, charging him with solicitation fraud,…

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March 20, 2014 BY Andrew Saks-McLeod

ESMA publishes list of authorised CCPs relating to OTC derivatives

NASDAQ OMX having become a CCP in Europe has prompted swift action by ESMA in setting forth OTC derivatives clearing guidelines Following the authorization of NASDAQ OMX as the first EU-based central counterparty (CCP) on March 18, 2014, the European Securities and Markets Authority (ESMA) has today published information about NASDAQ OMX and the contracts…

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March 20, 2014 BY Andrew Saks-McLeod

First Derivatives and Pivotal One team up to provide apps and consultancy to trading industry

First Derivatives consulting brings big data and multi-cloud applications to the electronic trading industry with Pivotal One Financial software company First Derivatives (AIM:FDP) has today announced that it will commence consulting services in order to deliver financial applications to the industry. Powered by technology from Pivotal, the software company at the intersection of big data,…

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