BGC believes that its $5.45 all-cash offer is clearly superior to the $5.25 stock and cash offered under the CME transaction and urges GFI shareholders to tender their shares.
Read moreReuters is reporting that a man U.S. prosecutors say bilked investors out of nearly $5 million by telling them he would invest it in commodities and the currency market allegedly used some of the money to have his wife cryogenically frozen after she died, according to a court filing on Friday. A federal grand jury in…
Read moreA spokesperson of the HKMA said, “While no rigging of Hong Kong FX benchmark fixings was found in the investigation, we remind banks to be vigilant to ensure the integrity of the FX market in Hong Kong which is of utmost importance to Hong Kong as an IFC..."
Read moreCiting unstable price feeds and high roll-over rates as not corresponding to the standards of Dukascopy and also the high risk to both clients and Dukascopy as reasons for the halting of trade.
Read moreThe European Securities and Markets Authority (ESMA) has published today its final technical advice (TA) and launches a consultation on its draft regulatory technical and implementing standards (RTS/ ITS) regarding the implementation of the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). Both ESMA’s TA and draft RTS translate the MiFID II/MiFIR requirements…
Read moreThe latest potential broker frauds capturing the UK FCA's attention is that of a company calling itself NetCFD/Centaure Capital Partners and also FXNTrade. The FCA believes these firms have been providing financial services or products in the UK without authorisation. Nowhere on the NetCFD and FXNTrade company websites does it mention anything about regulation, which should ring the…
Read moreBritish national daily newspaper the Guardian is reporting late this Friday afternoon that the UK's top fraud prosecutor has arrested a former City trader in relation to its criminal investigation into whether individual traders rigged the $5.3tn-a-day FX market. The Serious Fraud Office confirmed that it had arrested a man in Billericay, Essex, today with the help of the City of…
Read moreTime Inc. (NYSE:TIME) has partnered with Coinbase, the most popular bitcoin wallet, to become the first major magazine publisher to accept bitcoin payments. The initiative launched today with Fortune, Health, This Old House and Travel + Leisure, now accepting bitcoin among the wide variety of payment options for subscriptions. “We are always looking for ways…
Read moreTRADOLOGIC announced news today that the company further broadened its scope of business with a new successful partnership. TRADOLOGIC launched Digital Forex: a brand new binary option website that is a subsidiary of the leading software development company Digital Venture Group. Digital Forex is an emerging brand with great potential that targets a wide European…
Read moreSteven Maijoor, ESMA Chair states: “We believe that there are benefits both for investors as well as for platforms by operating inside rather than outside the regulated space.
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