The Securities and Exchange Commission (SEC) revealed that BB&T Securities has finally agreed to reimburse over $5 million to individual investors and to pay a $500,000 fine as part of a settlement for charges that a company it acquired deceived its clients that they were being given all brokerage services by an in-house team at…
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Drive Markets just announced the launch of its institutional crypto and fiat currency exchange, offering derivatives trading for Bitcoin, Litecoin, Bitcoin Cash, Ripple and Ethereum. Drive Markets has teamed up with industry leader, MetaTrader, to bring a familiar trading experience to the cryptocurrency markets for brokerage firms, banks and funds. MetaTrader is used by 50M+…
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Deutsche Börse and Commerzbank have successfully executed the first legally binding repo transaction settlement using distributed ledger technology. The test transaction was part of a collaborative proof of concept initiative built on a delivery versus payment model to determine whether blockchain networks can be used in securities settlement. The transaction was executed through the generation…
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CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has published its operating metrics for the month of February 2019. The average daily traded volume submitted to CLS was USD1.73 trillion, down 3.3 percent from USD1.78 trillion in January 2019. Average daily traded volume submitted to CLS…
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AlgoTrader AG, a global provider of algorithmic trading systems, recently reported that its year over year revenue had grown by 170% in the first year following its seed financing round, which happened in early 2018. The firm also announced the hiring of Jakob Bosshard who has extensive experience as an executive in the financial services…
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LiquidityEdge, an electronic network for trading US Treasuries (UST), released its trading volumes data for February 2019, which set several record highs. Users of the platform traded more than USD 31 billion (single count) on 28 February 2019 through both off-the-runs and on-the-runs. The platform also set a new weekly record in February when USD…
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FCA regulated FX and CFDs broker ActivTrades has added Michael Lippa to its team as its new Chief Commercial Officer. Lippa, 56, will complement the management structure of the owner-led organisation. He will be responsible for the expansion of the European operations. Previous to this appointment Lippa was heading the German operations of Brokerhouse IG…
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LMAX Digital, the institutional crypto currency exchange operated by LMAX Exchange Group, which operates a leading FCA regulated trading venue and has become one of the leading liquidity providers to FX brokers worldwide, announced that it has received an in-principle decision on the firm’s application for a license as a Distributed Ledger Technology (DLT) Provider from…
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eToro, the global, multi-asset, investment platform, has now officially launched its platform and cryptoasset wallet in the United States (32 states for now). eToro also informed today that it will be launching its own cryptoassets exchange, eToroX, on a global basis later this year. Leaprate reminds that the FX broker has joined the Blockchain Association as…
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Euronext, an exchange operator within the Eurozone, yesterday released its February 2019 trading volumes report. The report covered the following segments: Cash trading The mean daily transaction value on Euronext’s cash orders book was recorded at €7,314.5 million, which was a 21.8% drop from the values recorded in February 2018, but a 9.0% increase from…
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