Financial Conduct Authority (FCA) announced the addition of Jeannette Lichner and Bernadette Conroy to its board, starting April and August, respectively. The new members will join the FCA for a three-year- term. Having held senior leadership positions in a number of financial organizations, Lichner has vast experience in international financial services. Currently, she serves as…
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CME Group announced yesterday Bryan Durkin’s resignation as President of the company. Durkin will step down in May this year and will serve as a special advisor to the company and report to CME Group Chairman and Chief Executive Officer Terry Duffy. CME’s board of directors has put Durkin forward for election to the board…
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US Treasury Under Secretary for International Affairs Brent McIntosh and Monetary Authority of Singapore Deputy Managing Director Jacqueline Loh met n Singapore for a discussion on the importance of data connectivity in financial services. Both countries recognize managing data across borders is crucial to the development of the financial sector. The new technological developments in…
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The specialist provider of buy-side trading technology as a service, THETA, named former Bloomberg trading executive Peter Meddemmen its Chief Technology Officer. Meddemmen joins THETA as the company prepares for a new product launch in 2020. He will manage all technology delivery, including for its order and execution management system (OEMS), Apollo, scheduled to go…
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The EU Markets regulator, European Securities and Markets Authority (ESMA), announced its Strategy on Sustainable Finance. The strategy reveals sustainability as the main goal for ESMA and sets out a plan to implement Environmental, Social, and Governance (ESG) factors in its work. The strategy reveals that the fundamental priorities of ESMA include transparency obligations, risk…
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Exchange holding company Cboe Global Markets, Inc. (Cboe) released report on its turnover for January 2020. ADV in total options trading at C2 Options Exchange (C2) reached a monthly record with more than 934,900 contracts, up by 25% from January 2019. EDGX Options Exchange (EDGX) also set a monthly trading record with ADV of more…
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North American Securities Transfer appeared yesterday on the New Zealand Financial Markets Authority (FMA) list of alerts and warnings. US Securities and Exchange Commission has issued a public warning against the company. The entity falsely claims be registered and licensed in the US. Vowfx also appears on the list of alerts as the company may…
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The London-based fintech, Cobalt, announced yesterday the launch of Citi on its post-trade infrastructure for bilateral flow. Citi has been an investor in the Forex post -trade platform, Cobalt, since 2016. Powered by distributed ledger technology (DLT), its infrastructure creates a standardized record of all Forex trades that could be applied to banks, buyside, prime…
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Israeli Securities Authority (ISA) proposed that Forex companies publish their client losses in an attempt to minimize the trader’s risk exposure. ISA has published a draft proposing a requirement from Forex trading companies to publish client loses. The draft is open for public comment. As a step towards investors education, the transparency would allow traders…
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Financial markets solutions provider GMEX Group (GMEX) and financial services firm Digital Partners Network (DPN) announced today the launch of the Seychelles-based Securities, Commodities and Derivatives Exchange (SECDEX). SECDEX is approved by the Seychelles Financial Services Authority (FSA) hybrid (for digital and traditional assets) exchange. The collaboration provides clients with the market infrastructure strengths of…
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