November 30, 2021 BY Steffy Bogdanova

SteelEye releases automated reconciliation solution for MiFIR reporting

Regulators in the UK and EU working to enhance confidence in the financial markets by intensifying their enforcement action. SteelEye’s Three-Way Reconciliation solution is designed to helps firms address data integrity issues by automating the reconciliation process between the regulated firm, NCA and/or ARM. Matt Smith, Chief Executive Officer at SteelEye said: MiFID II has…

Read more
CFTC fine
November 30, 2021 BY Steffy Bogdanova

Forex firm Denari Capital and owner to pay $4 million in Pool Fraud case brought by CFTC

The court also found that Capson made misrepresentations about Denari’s activities to the National Futures Association (NFA). The court ordered Capson and Sarkar to payf $250,000 and $166,000, respectively, as penalty. Additionally they and Denari are required to pay restitution of $3,663,282 to victims of their scheme. The court also imposed a permanent injunction prohibiting…

Read more
November 30, 2021 BY Steffy Bogdanova

StoneX sees 14% increase in operating revenue in Q4 FY21

Sean M. O’Connor, CEO of StoneX Group Inc., stated: Although our fourth quarter earnings were below our long-term target, we were pleased to see that for the fiscal year we achieved record operating revenues and a 13.9% ROE. Last year included the significant non-recurring gain on our acquisition of Gain Capital Holdings, Inc. (“Gain”), adjusting…

Read more
November 30, 2021 BY Steffy Bogdanova

Appital names Mike Wharton Head of Product

Wharton’s appointment follows the latest funding round which will accelerate the development of Appital’s technology infrastructure. It will also speed up its integration with financial institutions and technology vendors and allow expansion of their engineering team to support the delivery of their strategy. This process has already started with the recent announcements of Appital’s partnership…

Read more
New German government calls for crypto regulation
November 29, 2021 BY Steffy Bogdanova

New German government calls for crypto regulation

The document states: We are making European financial market supervisory law fit for digitization and for complex group structures in order to ensure holistic and risk-adequate supervision of new business models. We need joint European supervision for the crypto sector. We oblige crypto asset service providers to consistently identify the beneficial owners. The coalition agreement…

Read more
November 29, 2021 BY Steffy Bogdanova

Fortrade registers net profit surge of 576% in FY2020

The official Companies House filing said: The results for the year and financial position at the year-end were considered satisfactory by the directors who expect continued growth in the foreseeable future. Fortrade also shared its plans for future expansion: The filing added: The group continues to look for opportunities overseas and therefore, the directors expect…

Read more
Your Bourse
November 29, 2021 BY Steffy Bogdanova

Just2Trade taps Your Bourse for liquidity distribution

Just2Trade’s Executive Director, Georgios Argytakis commented: We are happy to announce our partnership with Your Bourse and feel it will be mutually beneficial. As we provide services for both retail and institutional clients, Your Bourse’s multi-asset liquidity will help us enhance our services further. Andrey Vedikhin, Founder and CEO/CTO Your Bourse, added: We are delighted…

Read more