SFC fines
November 08, 2018 BY Valentina Kirilova

ITG pays $12 million for misleading dark pool subscribers

The Securities and Exchange Commission (SEC) has announced that ITG Inc. and its affiliate AlterNet Securities Inc. have agreed to pay $12 million to settle charges arising from ITG’s misstatements and omissions about the operation of the firm’s dark pool, POSIT, and ITG’s failure to establish adequate safeguards and procedures to protect POSIT subscribers’ confidential…

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NZX Carbon Fund (CO2)
November 08, 2018 BY Valentina Kirilova

Carbon Fund lists on NZX in New Zealand first

New Zealand’s exchange (NZX) has just welcomed the inaugural Carbon Fund (CO2) to be listed on the Main Board today by Salt Funds Management. The Carbon Fund is designed to trade in New Zealand and international carbon credits and will provide investors with an opportunity to invest in our country’s low carbon future. Today’s listing…

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Good news for Bitcoin investors: Israel might cut tax on profit by half
November 07, 2018 BY Mariela Naydenova

Where does Israel stand with its stablecoin plans?

In November 2017, the Bank of Israel put up a working group to identify the needs and possible launch of a government-backed digital coin, or a stablecoin. The group examined certain advantages and disadvantages of Israel issuing a stablecoin and concluded that the country should wait until more governments around the world introduce their own…

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Refinitiv adds Sunday equities trading to target Middle East market
November 07, 2018 BY Valentina Kirilova

Refinitiv adds Sunday equities trading to target Middle East market

Refinitiv, formerly Thomson Reuters Financial and Risk, has announced that it has added Sunday trading capabilities to its equities trading platform and announced the adoption of REDI by Riyad Capital to enhance their trading execution capabilities in Saudi Arabia. REDI enables regional and global clients to trade into the Middle East and North Africa (MENA)…

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FCA clarifies fairer treatment of regular premium PPI complaints
November 07, 2018 BY Valentina Kirilova

FCA clarifies fairer treatment of regular premium PPI complaints

The Financial Conduct Authority (FCA) has today issued final guidance that clarifies its expectations about the handling of certain regular premium payment protection insurance (PPI) complaints. The FCA is also proposing new rules requiring firms to write to around 150,000 consumers who had previously complained unsuccessfully to tell them they can make a new complaint and remind them…

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FlexTrade teams up with ACA Technology to provide data on-demand for trade surveillance
November 07, 2018 BY Valentina Kirilova

CubeLogic and FERDEC announce partnership for transaction surveillance

CubeLogic, the business intelligence (BI) enabled risk management solutions company and FERDEC, the MAR/MAD II/REMIT transaction surveillance solutions for physical and financial Energy and Commodity markets, have just announced a strategic partnership to enable CubeLogic’s clients to leverage the sophisticated transaction surveillance capabilities of the ferdecTS® solution directly from within the RiskCubed suite. Increasing demand…

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cmc markets offices
November 07, 2018 BY Valentina Kirilova

CMC Markets adopts IRESS’ open access trading technology

IRESS has announced that CMC Markets Institutional, a provider of liquidity solutions used by many banks, brokerages, funds and dealing desks across the globe, has adopted its order management system. The new order management system helps CMC manage client pre-trade risk, positions, portfolios, margin, order routing and workflow and forms a key component of CMC’s…

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gain capital forex.com share buyback
November 07, 2018 BY LeapRate Staff

GAIN Capital $50M share buyback to be done at $7.84 per share

Retail FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has announced the preliminary results of its "modified Dutch auction" tender offer, which expired at 5:00 P.M., New York City time, on November 6, 2018. GAIN Capital, which operates the FOREX.com and City Index retail forex brokerage brands, announced its intention to buy back up to $50 million of its own…

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Persona releases beta version of its KYC verification system
November 07, 2018 BY Valentina Kirilova

Persona and FintruX announce renewed control over personal data

Persona, the blockchain-based solution for identity management,has just announced its partnership with FintruX, the P2P lending ecosystem, to streamline the onboarding process for customers while ensuring they remain in full control over their personal details. Persona is the first identity management solution developing its own blockchain, as opposed to other projects being developed as ERC20…

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