Fintech software provider of financial solutions TechFinancials Inc (LON:TECH) announced earlier this month that it is about to cancel the admission of the Ordinary Shares to trading on AIM and remain listed only on NEX. TechFinancials has taken the decision to make substantial adjustments to its operating structure and cost base while seeking to develop its newer…
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Busy week for FCA regulated CFH Clearing, TradeTech Group’s liquidity provider and Prime of Prime brokerage, as it has just announced that it has extended its single stock CFD product range with a wide selection of additional stocks from the US, Europe, Hong Kong and Australia. LeapRate reminds that earlier this year, CFH launched single…
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The Royal Bank of Scotland (RBS) is taking the unusual action of reimbursing 730,000 customers of the bank for its ill-gotten forex markup gains taken by previous workers in its foreign exchange department at the bank. This particular activity of misconduct was discovered independent of what has been called the greatest FX scandal in history.…
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CFH Clearing, TradeTech Group’s liquidity provider and Prime of Prime brokerage has just announced that it has teamed up with Noor Capital, a UAE-based regulated financial institution and will now focus exclusively on institutional clients and professional traders across the Middle East. The partnership will redefine institutional liquidity for the region by coupling CFH’s multi-asset…
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CySEC regulated brokerage company XSpot Markets (EU) Ltd., has just announced that it has teamed up with innovative brokerage technology company TraderEvolution Global. The firm will deliver its multi-market trading software suite to enable access to a true multi-asset offering. XSpot Markets will be using a multi-market trading software tailored for brokers and banks and…
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CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has just published its operating metrics for the month of November 2019. The average daily traded volume submitted to CLS was USD1.61 trillion, down 10 percent from USD1.79 trillion in October 2019. Average daily traded volume submitted to CLS by…
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The foreign exchange market is unique in one respect in that it is unlike any regulated national exchange, where transparency is apparent for all transactions. The forex market, on the other hand, has always been a broad based over-the-counter (OTC) networked system that relies upon credit relationships. As such, it is often difficult to get…
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“Crypto Dad” has rejoined the workforce. Former Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo has accepted a position as senior counsel for the New York-based law firm of Willkie Farr & Gallagher. Originally appointed to serve as the head of the CFTC during the Obama administration, Giancarlo served for five years in that position.…
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Tradefora PLC, a software company with focus on Best Execution, have announced that they have added some of the most popular stock indices to their benchmark reference price index for OTC markets. Newly added instruments cover 12 major stock indices for Asia, EU and the US markets and now expanded the total list to 150+.…
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Morgan Stanley’s forex trading department has run afoul of its forex control procedures. Although the global bank has failed to publicly acknowledge the problem, inside sources have spread the work that four FX traders have been suspended until further notice, due to their concerted effort to conceal anywhere from $100 to $140 million in forex…
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