An incident with many zeroes at the London-based Forex desk of Deutsche Bank AG (FRA:DBK) has added to concerns about risk and operational controls at the investment giant. According to a report by the Financial Times, the bank paid whooping $6 billion to a hedge fund client by mistake in June 2015. People familiar with…
Read moreThe Australian government has published its response to the Financial System Inquiry, outlining steps to bolster protection for client funds held at brokers. The report says that: The Government will develop legislative amendments to improve protections for client monies held in relation to derivatives. These improvements are needed to ensure that investors’ monies are adequately…
Read moreNodal Exchange, LLC on Monday announced the successful transition of 100% of the positions in Nodal Exchange contracts from the previous clearing house, LCH.Clearnet Limited, to Nodal Clear, LLC. Nodal Clear now functions as the central counterparty for all Nodal Exchange transactions. Twelve clearing members have been involved in the transition, which moved about 340…
Read moreHong Kong's Securities and Futures Commission (SFC) has updated its Alert List, which includes the names of investment companies that are not authorized to target Hong Kong investors but have been identified to do so. The latest addition to the Alert List is CMIS Global Limited / CMIS Trader, a company offering a range of…
Read moreFX Blue, the provider of Forex software and analytical solutions formerly known as MT4i, has today enriched the capabilities for analysing trading results. The company has added one more chart to the Statement and Risk tabs, as it seeks to offer users of its services richer information and, at the same time, enhanced precision of…
Read moreRetail Forex broker Invast Japan has become the latest company to adopt a new solution by Tradency that offers users of Mirror Trader to tap the capabilities of hedge fund strategies. The new strategies, the broker explains, will be available on the ST24 platform via Mirror Trader. To distinguish between the “usual” and the hedge…
Read moreThe Securities and Commodities Authority (SCA), the regulator responsible for the oversight of securities brokerages in the United Arab Emirates, has issued a circular concerning the internal audit reporting for securities brokerage companies. The circular introduces new, tighter requirements for internal reports at such companies. Under the new rules, which come into force in the…
Read moreItaly's financial markets watchdog Consob has lately been amid the most active regulators in terms of publishing warnings against investment companies that are not authorized to target Italian residents but nevertheless do so. The latest additions to the list of such unauthorized companies are: Groupe Markets Ltd; Fxcb Limited; Capital Markets limited; Fxcb Capital Markets…
Read moreRetail Forex giant FXCM Inc (NYSE:FXCM) has encountered some problems in France, which boasts having one of the strictest Forex regulators – the AMF. According to a L'AGEFI report, the Forex firm is facing hefty financial sanctions in France for not checking the regulatory status of its partners in the country. The report says that…
Read moreThe B2 Group, a provider of cloud-based payments, FX and funds software, announced today the release of the next generation version of PayEX, a payments execution application for cash and treasury management. PayEX integrates with existing bank IT architecture environments and coexists with incumbent systems such as OMS and core banking applications. PayEX is one…
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