Crypto “bot” trading hurting market reputation and individual investors
April 06, 2017 BY Valentina Kirilova

Robo-advisors permeate Asian markets

Robo-advisors are gradually becoming more popular in Asia, especially among retail investors. While it will take some time, these advancements-and the technologies that underpin these platforms-are likely to seep into the institutional space in years to come. Wei-Shen Wong from Waters Technology speaks to several firms in the region to discuss how they’ve built out…

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xceptor data automation
April 06, 2017 BY Valentina Kirilova

Xceptor appoints Marco Sablone as Director of Sales following recent NY office opening

Xceptor, a provider of process automation and data management services for the financial sector, today announced the appointment of Marco Sablone as Director of Sales & Business Development for North America. Reporting directly to Andrew Kouloumbrides, Chief Executive Officer, Sablone will be working closely with existing clients and driving new business as part of the company’s…

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April 06, 2017 BY Valentina Kirilova

Spain’s Correos selects Paysafe to drive e-commerce payments

Paysafe’s NETELLER, Skrill and Rapid Transfer added as payment options on Correos’ e-commerce platform Comandia Spain’s state-owned postal company Correos announced that has chosen payments services company Paysafe Group Plc (LSE:PAYS) as a recommended payment provider for businesses using Comandia, its e-commerce platform. As part of the collaboration between the two companies, Paysafe’s Skrill Quick…

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cysec license suspended
April 06, 2017 BY Valentina Kirilova

CySEC withdraws CIF license of CommexFx Ltd

After prolonging license suspensions and fines, the Cyprus Securities and Exchange Commission (CySEC) announces that, on its meeting of 25th July 2016, has decided to wholly withdraw the Cyprus Investment Firm authorisation with number CIF 153/11 of CommexFx Ltd, operating at www.commexfx.com. The reasons: The Company had not complied with section 28(1) of the Law…

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April 06, 2017 BY Valentina Kirilova

FCA warns against Matchpoint Finance PLC clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Matchpoint Finance PLC. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…

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CLS launches same-day FX settlement service, J.P. Morgan and Goldman Sachs to try it first
April 06, 2017 BY Valentina Kirilova

CLS to extend payment netting service to all global currencies

In response to market demand, CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, just announced that will expand its proposed bilateral payment netting service – CLSNet – to support more than 140 currencies (coverage will include all currencies associated with jurisdictions not on an official black/grey or sanctions…

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MOEX launches trading in sunflower seed futures
April 06, 2017 BY Valentina Kirilova

Non-bank companies make first FX trades through DMA on MOEX' market

Moscow Exchange (MOEX) just announced that Rosneft and Alrosa have become the first ever corporates to obtain direct market access (DMA) and trade on Moscow Exchange's FX Market. From 16 January 2017, Russian legal entities not qualified as credit institutions or professional market participants have been eligible to operate on the currency market on the…

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April 06, 2017 BY Valentina Kirilova

TMX Group announces consolidated trading statistics for March, MX with another interest record for options

TMX Group Limited (TSX: X) today announced March 2017 trading statistics for its marketplaces – Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange (Alpha), Montréal Exchange (MX) and NGX. MX achieved another open interest record for Options on Three-Month Canadian Bankers' Acceptance Futures (OBX) of 315,645 contracts on March 7, 2017 (315,410 contracts on…

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April 06, 2017 BY Valentina Kirilova

HQLAᵡ selects Corda for collateral lending solution in collaboration with R3 and five banks

Financial innovation firm R3, five of its members and financial resource management specialist HQLAᵡ have built a collateral lending solution for liquidity transfers on R3’s Corda distributed ledger platform. Project participants CIBC, Commerzbank, Credit Suisse, ING, UBS and HQLAᵡ collaborated with R3 to develop an operating model for a digital collateral receipt (DCR) lending marketplace.…

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techfinancials
April 06, 2017 BY Valentina Kirilova

TechFinancials release annual results, revenue increase by 57% YoY to $21.3 million

Binary options platform provider and operator TechFinancials Inc (LON:TECH) today announced its results for the year ended 31 December 2016. The financial highlights are: Revenue increased by 57% to US$21.3 million (2015: US$13.6 million) Core software licensing revenue increased by 22% to US$10.4 million (2015: US$8.6 million) Trading platform revenues increased by 117% to US$10.9…

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