Diginex and Itiviti announce partnership to provide NYFIX connectivity for digital asset customers LeapRate

April 20, 2020 BY Steffy Bogdanova

Diginex and Itiviti announce partnership to provide NYFIX connectivity for digital asset customers

Richard Byworth, CEO at Diginex said: NYFIX was the natural first choice for us as connectivity partner. Diginex’s mission is to provide improved access and regulated infrastructure to institutions and sophisticated investors looking to participate in this new emerging asset class. NYFIX enables this with connectivity to a broad cross-section of institutional asset managers and…

April 20, 2020 BY Steffy Bogdanova

BOCOM International Securities to pay $19.6 million fine for internal control failures

The SFC found that third party deposits from 2009, 2011 and 2015, made in cheques and bank transfers, were not identified until 2016. The Commission also found extensive deficiencies in its review of BISL’s margin lending and margin call policy from December 2012 to November 2016. The company failed to document and enforce a clear…

April 20, 2020 BY Steffy Bogdanova

Plus500 CEO Asaf Elimelech steps down, COO David Zruia to take over

Elimelech joined Plus500 back in 2012 and undertook his role as CEO in 2016. He steps down after over years at the helm, having navigated the company through turbulence and regulatory changes. Penny Judd, Chairman of Plus500, commented: Asaf Elimelech has been a significant part of Plus500’s success in recent years; we thank him for…

April 20, 2020 BY Steffy Bogdanova

Equiti Capital and Your Bourse announce partnership for Liquidity Distribution

Mitesh Vaghela, Director of Product for Equiti Group, commented: In an already saturated market, Your Bourse’s commercial approach could be a huge deciding factor for new and existing brokers in adopting their technology. Partnering with Your Bourse aligns well with the Equiti ethos to collaborate with the best solutions available to grow our network. Your…

April 20, 2020 BY Steffy Bogdanova

MAX Markets to include MTF, Guarantee Fund and Digital Custodian link

MAX will use its digital assets network and its industry team’s experience in financial markets infrastructure business and operations. Amon the names of the people whose expertise will be leveraged are: Hirander Misra, Deputy Chairman, and Scott Riley, Chief Post Trade Officer, who were previously co-founders of Chi-X Europe and Tony Harrop, Director of Technology,…

April 20, 2020 BY Valentina Kirilova

Daily market commentary: A crucial week for European bond markets

OIL The oil war combined with the devastating effect of the coronavirus-induced lockdown on economies has triggered a dramatic fall in the price of oil with WTI plunging to its lowest level in more than 20 years with the May contract sinking below $15. On top of that, there is a wide contango across contracts,…

April 20, 2020 BY Steffy Bogdanova

Merrill Lynch, Pierce, Fenner & Smith, Eagle Strategies and Cozad Asset Management ordered to reimburse investors

C. Dabney O’Riordan, Co-Chief of the Asset Management Unit said: This incredibly successful initiative led to the return of almost $140 million to harmed investors, stopped wrongful conduct, and highlighted the importance of an adviser’s obligations to provide full and fair disclosures to clients. We continue to actively pursue disclosure failures that financially benefit the…

April 20, 2020 BY Steffy Bogdanova

Bitcoin weeks from Halving Event but analysts now mixed on next moves

What about those hidden clues that point to Bitcoin’s potential future? Analysts at Cointelegraph have focused on the $7.6 billion that currently is sitting on the sidelines, stored in various stablecoins and just waiting to jump into the fray. Are these funds waiting for the halving event to have its greatest impact on prices or…

April 17, 2020 BY Steffy Bogdanova

ESMA and MAS sign a MoU on Singapore's Financial Benchmarks

Steven Maijoor, ESMA Chair, commented: The finalisation of the MoU with MAS is an important step towards the completion of the EU’s third country regime for benchmarks. Regulators around the world are committed to the accuracy and reliability of key global benchmarks and this MoU will facilitate the achievement of these objectives. Ong Chong Tee,…

April 17, 2020 BY Steffy Bogdanova

Whistleblower awarded over $27 million

So far, the agency has awarded over $425 million to 79 individuals for their help since the first award was issued in 2012. Payment of the awards is taken out of an investor protection fund set up by Congress. It is financed through monetary sanctions of security law violations paid to SEC. To be eligible…