Social trading focused broker ayondo, which went public earlier this year on the Singapore Exchange, has announced fairly disappointing results for the third quarter of 2018. Overall, ayondo revenues totaled just under CHF 4.0 million (USD $3.98 million) in Q3-2018, down 15% from Q2 and off 23% from last year's Q3, from before when the…
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Australian regulator ASIC has amended ASIC Corporations (Non-cash Payment Facilities) Instrument 2016/211 to remove an expiry date that would have seen the instrument cease operating in March 2019. The amendment means that the instrument will continue to operate beyond March 2019. ASIC Corporations (Non-cash Payment Facilities) Instrument 2016/211 provides relief for the following types of…
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Refinitiv, formerly Thomson Reuters Financial and Risk, has announced that it has signed an agreement with Nordic investment management firm E. Öhman J: or Fonder (Öhman) to deliver an end-to-end workflow solution for their investment management business. The agreement will cover the entire pre- to post-trade workflow, and allows Öhman to leverage the full depth…
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After months of debating and anticipation, the hard fork of Bitcoin Cash is officially here. The code for the fork has been activated. As the NextWeb reports: "The Bitcoin Cash blockchain is now split in three separate networks, each with its own set of rules and governing principles: one developed by Bitcoin-ABC, one developed by…
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Bitcoin has just crashed by over $800 and skimmed 15% of the cryptocurrency market value in just over an hour. Bitcoin was trading above $6,000, but suddenly fell to $5,530. The initial decrease happened in about half an hour, which really shocked the market and Bitcoin investors. Other major alt coins, such as Ethereum and…
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Canadian financial regulator BCSC (British Columbia Securities Commission) has issued a warning against offshore CFDs broker Rocket Consultant Group. The move comes just several days after a similar warning issued by New Zealand's FMA involving CCM Clearing Limited, a Bulgaria based entity which the FMA said is associated with Rocket Consultant Group. The FMA stated that Rocket Consultant Group could…
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A federal court in New York has entered orders against Kevin P. Whylie of Ozone Park, New York, Matthew James Zecchini of East Islip, New York, and the New York hedge fund they co-founded, Algointeractive Inc(together, Defendants), to pay more than $1 million in civil monetary penalties and restitution. The Court’s Orders resolve the Commodity Futures Trading Commission’s (CFTC) enforcement…
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BNP Paribas, the European provider of banking and financial services, and GTS, a New York-based global electronic market maker, have just announced the signing of a new Memorandum of Understanding (MOU). The MOU signed at BNP Paribas’ annual flagship Global Markets conference in London expands on an existing collaboration on US Treasuries to apply to…
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DriveWealth, LLC, a global digital trading technology company, has announced a strategic partnership with Trading Central, a financial market research and investment analytics firm. The new relationship will allow the two companies to leverage the complementary elements of their businesses: seamless, digital, mobile-first transaction capabilities and sophisticated, accessible and actionable financial content. DriveWealth CEO Robert…
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OKCoin, the digital asset exchange offering its services over 110 countries, has announced the launch of its licensed exchange platform in Latin America by offering fiat-to-crypto trading between the Argentine peso and several major cryptocurrencies. Starting today, traders in Argentina can deposit Argentine peso (ARS) in exchange for cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum, Ethereum…
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