FXCM Inc. (NASDAQ:FXCM) a leading globally regulated Forex broker today announced that it has commenced a $15 million at-the-market offering program. Under the program, FXCM may, from time to time and at its discretion, offer and sell shares of its Class A common stock (Common Stock) having an aggregate gross sales price of up to…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) filed a civil anti-fraud enforcement action in the U.S. District Court for the Central District of California charging Defendants Joseph Dufresne (a/k/a Joseph James) and Megan Renkow (a/k/a Megan James), both of Palos Verdes Estates, California, and their company, United Business Servicing, Inc. (UBS), doing business as SchoolofTrade.com…
Read moreThe Board of the Cyprus Securities and Exchange Commission (CySEC) wishes to inform investors that, at its meeting held on September 5th 2016, decided to impose a total administrative fine of €180,000 ($202,356) to the CIF IQ Option Europe Ltd. As a result of the same meeting, CySEC also decided to impose a total administrative…
Read moreThe ‘Disclosure and Market Discipline Report’ of Windsor Brokers Ltd, a licensed and regulated CySEC FX provider indicates their Capital Adequacy Ratio (CAR) at an astonishing 59% which is 7 times more than the minimum required by law. The company has been active in the financial markets for over 27 years, catering to retail and…
Read moreIPC, a leading global provider of secure, compliant communications and networking solutions for the financial markets community, and FastMatch, a leading financial technology company focusing on forex trading, today announced that FastMatch has joined the IPC FX Hub. IPC's FX Hub supports the global forex markets through Equinix's International Business Exchange (IBX) data centers in New York…
Read moreBloomberg Professional service subscribers can now use Twitter Inc (NYSE: TWTR) to post directly from Bloomberg's chat service, Instant Bloomberg (IB), executives announced today. Bloomberg has partnered with Twitter to provide subscribers with a more secure way to enhance their workflow while assisting regulatory compliance requirements. Information on access is available via SOCIAL <GO>. Since…
Read moreChicago-based Rival Systems, a trading software company established last year, announced today that Gator Trading, an operator of dozens of trading groups specializing primarily in futures and options, has successfully migrated onto the Rival Risk platform for all of its risk management needs. Rival Risk is the first HTML-5 based enterprise risk management platform with…
Read moreIt was announced today San Francisco & NYC based OTC Exchange Network (OTCXN) closed a fresh Series A funding round for a blockchain-based P2P FX Trading Platform. Figures were not disclosed. Phase one of the rollout will specifically target bank and non-bank market-makers who wish to price directly to retail brokers without Prime Brokerage and other intermediaries…
Read moreCommercial blockchain solutions are rapidly being adopted throughout banking and financial markets, dramatically faster than initially expected, finds two new IBM (NYSE: IBM) studies. 15% of banks and 14% of financial market institutions interviewed by IBM intend to implement full-scale, commercial blockchain solutions in 2017. Mass adoption isn't that far behind with roughly 65% of…
Read moreInvestment Technology Group (NYSE: ITG) an independent broker and financial technology provider, announced the hiring of Ruben Costa-Santos as Director and Head of FX and Andre Nogueira as a Director on the Analytics Team. Ruben Costa-Santos most recently worked at Deutsche Bank, where he served as head of FX Platforms for the Americas. Prior to…
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