March 31, 2020 BY Steffy Bogdanova

Exactpro to test Skytra’s new derivatives trading software

Skytra is also applying for authorization with the Financial Conduct Authority (FCA) to serve as Benchmark Administrator and to operate a Multilateral Trading Facility (MTF). Financial market infrastructure technology provider, Nasdaq, will develop, host and manage the technology for the company’s trading site. Based on the results of RFQ process, Skytra and Exactpro have signed…

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Binance seeks to curb SEC’s hunt for “fraud”
March 31, 2020 BY Steffy Bogdanova

Binance to acquire CoinMarketCap for $400 million

Binance CEO Changpeng “CZ” Zhao has said that there two acquisition deals in the near future with “significant impact” and CoinMarketCap may be one of them. US-based CoinMarketCap drew 207.2 million visitors in the last six months, reports SimilarWeb, with Binance drawing 113.8 million for the same period, making CoinMarketCap’s traffic 80% more than Binance’s.…

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March 31, 2020 BY Steffy Bogdanova

New Zealand FMA adds Speed Solutions Ltd to its warning list

FMA claims that Speed Solutions Ltd, trading under the name "Arotrade", may be involved in a scam. The company is not registered in New Zealand and it is not on the New Zealand Financial Service Providers Register. The agency also noted that Arotrade and Speed Solutions appear in the Monetary Authority of Singapore (MAS) alert list as…

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Whistleblower
March 31, 2020 BY Steffy Bogdanova

SEC awards over $1 million to whistleblowers

  Norberg added about the third whistleblower: To ensure that important information about securities laws violations is reported to the SEC when appropriate corrective action is not taken by the company, the rules permit awards to compliance professionals in certain limited circumstances. Here, the whistleblower made reasonable efforts to work within the company’s compliance structure,…

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IG Group office
March 31, 2020 BY Steffy Bogdanova

IG launches IG Prime for institutional clients

IG was founded in 1974 in London and has served institutional clients for over 15 years. The company launched its prime brokerage services for hedge fund managers and family offices in 2006. Tony Lim, Head of Singapore said: IG has always taken pride in providing the best trading experience for our clients, the launch of…

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fca warning
March 30, 2020 BY Steffy Bogdanova

Go365.io, SWISS CAPITAL FM and others added to FCA warning list

Go365.io Telephone: +442033186458; +442033186477 Email: [email protected] Website: https://go365.io/ SWISS CAPITAL FM Telephone: +41449746292 Email: [email protected] Website: https://www.swisscapital.fm/ Go Compare the Bond Market / Gocomparethebondmarket.com (Clone of FCA Authorised firm) Website: www.gocomparethebondmarket.com Firm Name: gocompare.com Limited Firm Reference Number: 465053 Address: Imperial House, Imperial Way, Newport, Gwent NP10 8UH Telephone: 01633654060 Email: [email protected] Website: www.gocompare.com Trade99…

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March 30, 2020 BY Steffy Bogdanova

CMC Markets introduces 17 new share baskets

The products are developed internally and more baskets can be added witch growing customer demand. Simon Campbell, Group Head of Trading at CMC Markets, stated: As a business we are committed to driving client success and continue to build products with this mission in mind. We see our clients’ interests pique when certain industries come…

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World Federation of Exchanges cautions against banning short-sales
March 30, 2020 BY Steffy Bogdanova

World Federation of Exchanges cautions against banning short-sales

The Federation advises that the measures to ban short-selling are not achieving the desired effect and unlike other circuit breakers and other safeguards put in place to slow markets down, banning short-selling inhibits orderly markets rather than promote them. Circuit breakers allow investors time to absorb and understand information and making their trade decisions more…

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