The U.S. Commodity Futures Trading Commission (CFTC) yesterday announced an award of more than $2 million to an individual whistleblower, which is the highest such award. The award was based on the actions taken by the CFTC and another federal authority based on information provided by the whistleblower. The award is in recognition of the…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Better Car Insurance. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…
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TradingScreen Inc. (TS) today announced the release of QUO, a cloud-based platform for managing investments that is being marketed as a ‘software-as-a-service’ SaaS. The new service offers a platform with streamlined and efficient execution across a suite of workflow streams. The company has significant experience with developing such systems as it currently offers an order…
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Virtu Financial, Inc. (NASDAQ:VIRT) has just completed its acquisition of Investment Technology Group, Inc. (NYSE:ITG) in a cash transaction valued at $30.30 per ITG share, or a total of approximately $1.0 billion. Virtu Financial has entered into a definitive agreement to acquire Investment Technology Group back in November 2018. Douglas Cifu will continue to serve…
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Online gaming and financial trading company Playtech PLC (LON:PTEC) announced that on 04 March 2019 it purchased a total of 239,482 of its ordinary shares of no par value each (the "ordinary shares") on the London Stock Exchange (LSE) through the Company's broker Goodbody Stockbrokers UC as detailed below. The repurchased shares will be cancelled. Number of…
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Moscow Exchange (MOEX) released its volume report for the month of February. Total trading volume across MOEX’s markets was RUB 62.3 trln in February 2019. The growth leader was the Money Market (+3.7%), including the GCC repo segment (+84.7%). Equity and Bond Market Total trading volumes on the Equity and Bond Market in February 2019…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Vanguard Wealth Advisory. Vanguard Wealth Advisory is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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A persistent problem that all crypto related companies face not only in the U.S. market, but also in many other global jurisdictions, is the inability to obtain even the most basic of banking services from domestic banking institutions. Bloomberg starts by quoting a complaint from Sam Bankman-Fried, CEO of quantitative crypto trading company Alameda Research:…
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The Federal Reserve Bank in the U.S., the agency responsible for monetary policy and a host of related duties, produces two semi-annual reports each year to update the Congress on its activities. Its chairman, Jerome Powell, must then sit before Congress for two days to review the report and answer any queries that any attending…
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The oldest continent in the world has a huge problem: the sending and receiving of money. Africa "boasts" the highest remittance fees and cross-country transaction payments is not easy at all. The problem with payment facilitation in the country comes from the fact that anyone wishing to make a payment from outside Africa needs to…
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