October 25, 2024 BY Sam Boughedda

Italian Regulator CONSOB Blocks 6 Financial Websites

The latest move brings the total number of blacklisted websites to 1,162 since July 2019. The blacklisted websites include: Tradetospace Global Limited (website: https://tradetospace.com) Continental Invest Ltd (website: https://continental-invest.ltd) "TradexService" (website: https://tradexservicescfd.com) "2139 Exchange" (websites: https://2139b.com and https://2139c.com) "Eminent Miner" (website: https://eminent-miner.com) Consob used its authority granted by the "Growth Decree" and additional powers introduced…

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October 25, 2024 BY Sam Boughedda

Montreux Capital Management Acquires GC Partners Group

The move is aimed at bolstering Montreux's presence in the financial services industry and capitalising on the growing market for cross-border transactions. GC Partners has two decades of experience and has built a strong reputation for delivering tailored financial solutions to clients worldwide.  The company's global network of offices enables it to provide efficient and…

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Eurex ESG
October 24, 2024 BY Sam Boughedda

Eurex Clearing Successfully Participates in ECB's Digital Money Trials

The company took part in the Eurosystem's exploratory work on new technologies for wholesale central bank money settlement, with the initiative, led by the European Central Bank (ECB), aiming to explore the potential of distributed ledger technology (DLT) in enhancing financial market infrastructures. Eurex explained that the trials focused on cash settlement in cleared intraday…

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Visa
October 24, 2024 BY Sam Boughedda

Worldline Partners with Visa to Enhance Fraud Management Solution

The global payment services provider explained in its press release announcing the deal that the collaboration combines Worldline's extensive transactional data with Visa's Cybersource Decision Manager, offering businesses a powerful tool to combat fraud and optimise customer experiences. The partnership is said to be particularly beneficial for the travel industry, where both Worldline and Visa…

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October 24, 2024 BY Sam Boughedda

CFPB Fines Apple, Goldman Sachs $89m for Mishandling Apple Card Disputes

The CFPB said it found that Apple failed to send tens of thousands of consumer disputes to Goldman Sachs, the issuing bank for Apple Card. When disputes were eventually sent, Goldman Sachs did not follow federal requirements for investigating them, leading to delays in refunds and negative credit reporting. Additionally, Apple and Goldman Sachs reportedly…

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October 23, 2024 BY Sam Boughedda

BGC Group to Acquire OTC Global, Expanding Energy, Commodities, and Shipping Business

The move will significantly bolster BGC's Energy, Commodities, and Shipping (ECS) business and expand its global reach. OTC brings a wealth of expertise and a strong client base, with operations spanning North America, Europe, and Asia. The company offers a wide range of brokerage services, including crude and refined products, petrochemicals, natural gas, ship brokerage,…

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Interactive Brokers
October 23, 2024 BY Sam Boughedda

FINRA Fines Interactive Brokers $475,000

According to a FINRA Letter of Acceptance, Waiver, and Consent (AWC), Interactive Brokers made errors in calculating the number of excess shares of stocks listed on European exchanges it had available to return to customers. This resulted in over 800 instances where the firm returned borrowed shares prematurely, causing them to fall into a segregation…

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October 22, 2024 BY Sam Boughedda

OptAxe Gains FCA Authorisation For FX Options Multilateral Trading Facility

OptAxe explained in a press release that it aims to address the inefficiencies and fragmentation of the current FX options market by providing a centralised platform for liquidity discovery, dissemination, and execution. "OptAxe offers an innovative and automated approach to FX options trading that digitises and centralises the distribution of FX options axes," the company…

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October 22, 2024 BY Sam Boughedda

GCEX Unveils New Price Feeds for Re-Aggregation

The new feeds are said to focus on enhancing spreads and optimising performance for aggregating brokers in the FX and precious metals markets. Designed to address the challenges faced by brokers in today's liquidity environment, the company said that XplorSkew and XplorSkewPlus leverage skewing to maximise the benefits of aggregation. GCEX explains that by compressing…

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