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Commodity Pool Fraud & Misappropriation Costs Capital Management Group $479,402 In CFTC Lawsuit
- The US Commodity Futures Trading Commission has demanded a fine just short of half a million dollars from Michael Gale of Littleton, Colorado for embezzling $900,000 of client funds, making false statements and misappropriation.
Wednesday, 26/06/2013 | 15:11 GMT by
Andrew Saks McLeod
Exclusive: Japanese FX Giant GMO CLICK Sets Eyes on UK
- Leading Japanese FX broker, GMO CLICK, is on its way to becoming the second Japanese origin firm to be granted FCA authorisation to provide financial services in the UK and Europe, the move follows its overseas extension in Hong Kong.
Wednesday, 26/06/2013 | 14:56 GMT by
Adil Siddiqui
X Financial Solutions Partners With Four Providers Offering Customizable Solutions
- This year's Forex Magnates IFXEXPO in Cyprus heralded a worthwhile development for X Financial Solutions, having provided the basis for bringing on board four technology partners to the firm's X Open Hub.
Wednesday, 26/06/2013 | 13:36 GMT by
Andrew Saks McLeod
Cypriot Regulator CySEC Grants Four CIF Licenses To New Arrivals In Cyprus
- Cypriot law firm MAP S. Platis has today confirmed that four FX firms have been granted CIF licenses by Cypriot regulator CySEC, further alluding to the island's attractiveness to firms wishing to enter the European market.
Wednesday, 26/06/2013 | 10:06 GMT by
Andrew Saks McLeod
CFTC Orders Penalties on Two Forex Frauds and Ponzi Schemes
- In separate statements, the CFTC announced that it had received two court orders against alleged forex frauds. The orders stemmed from cases that were charged against the defendants in March 2012 and September 2011.
Wednesday, 26/06/2013 | 06:47 GMT by
Ron Finberg
California takes on Bitcoin foundation with Cease-And-Desist
Wednesday, 26/06/2013 | 00:00 GMT by
FMAdmin Someone
Prazee and VocaLink compete for mobile payments with diverse offerings
Wednesday, 26/06/2013 | 00:00 GMT by
FMAdmin Someone
Emerging markets bring both risks and rewards for payments industry
Wednesday, 26/06/2013 | 00:00 GMT by
FMAdmin Someone
The Bitcoin Company launches first prepaid Bitcoin debit card starting In the UK
Wednesday, 26/06/2013 | 00:00 GMT by
FMAdmin Someone
MasterCard partners with NBE and Etisalat for first Arabic mobile wallet
Wednesday, 26/06/2013 | 00:00 GMT by
FMAdmin Someone
ACI Worldwide: Anti-Fraud Technology continues to evolve
Wednesday, 26/06/2013 | 00:00 GMT by
FMAdmin Someone
Israel's FX Industry Leaders Continue To Speak Out On ISA's Regulatory Proposals
- Following yesterday's report that Israel's financial markets regulator the ISA is finalizing its new regulatory structure , senior industry executives provide their view to Forex Magnates on potential effect.
Tuesday, 25/06/2013 | 12:10 GMT by
Andrew Saks McLeod
Trading Technologies Becomes First ISV to Pass CME Europe Conformance
- Trading Technologies has announced that it has become the first the independent software vendor (ISV) to pass conformance with CME Europe, the CME Group’s London based futures exchange which is scheduled to open on September of this year.
Tuesday, 25/06/2013 | 10:49 GMT by
Ron Finberg
CySEC Releases Announcement Confirming Reasoning for Handing LQD Markets €80,000 Penalty, Confirms Settlement
- Subsequent to yesterday's exclusive report by Forex Magnates that Cypriot regulator CySEC has demanded LQD Markets to pay 80,000 euros, the regulator today confirmed the reason for the imposition, and the total amount, now mutually settled in full.
Tuesday, 25/06/2013 | 10:16 GMT by
Andrew Saks McLeod
Traiana Announces Twelve FCMs are Live on their Harmony Network for Exchange Traded Derivatives
- Post trading flow solutions provider, Traiana, has announced that twelve FCMs are now connected on its Harmony Network for Exchange Traded Derivatives . Traiana added that “ there has been a rapid uptake of buy-side hedge funds and asset managers".
Tuesday, 25/06/2013 | 09:04 GMT by
Ron Finberg
Silicon Valley or Microwave Valley? Exalt Technologies Embarks On Development Project Aimed At Ultra Low Latency for HFT
- As the race between infrastructure provider gets even more competitive, Exalt Technologies announced today that it is developing a microwave-based connectivity solution aimed at reducing round-trip latency for HFT.
Tuesday, 25/06/2013 | 07:56 GMT by
Andrew Saks McLeod
Infernum Productions taps WorldPay for new game offering, Dragon’s Prophet.
Tuesday, 25/06/2013 | 00:00 GMT by
FMAdmin Someone
Rentabiliweb' s Be2bill payment solutions generates big contracts
Tuesday, 25/06/2013 | 00:00 GMT by
FMAdmin Someone
RTS Realtime Systems Expands China Operations
- Leading software and low latency solution provider to financial service firms, RTS, has expanded its China foothold with the launch of its new Chinese language website and the expansion of its Shanghai office.
Monday, 24/06/2013 | 18:29 GMT by
Adil Siddiqui
Forex Magnates Appoints Ex-Leverate Executive Mariano Obludzyner as Director of Sales
- Expansion whilst maintaining a focus on quality is a current dynamic at Forex Magnates, as company CEO Michael Greenberg extends his welcome to the firm's new Director of Sales Mariano Obludzyner today.
Monday, 24/06/2013 | 15:28 GMT by
FMAdmin Someone
Expansion On The Agenda - Fair Trading Technology Recruits CHRO To Select Talent To Move The Firm Forward
- As the retail forex sector evolves, technology providers look to expand their scope. Fair Trading Technology is no exception and plans a recruitment drive headed by newly appointed CHRO Lisa Bogden.
Monday, 24/06/2013 | 14:22 GMT by
Andrew Saks McLeod
LQD Markets Required to Pay €80,000 by CySEC; Comes To Mutually Agreeable Settlement
- Cypriot regulator CySEC has today entered into a settlement with LQD Markets following the company's exclusive announcement to Forex Magnates regarding CySEC's issue of an €80,000 fine as rules tighten.
Monday, 24/06/2013 | 09:47 GMT by
Andrew Saks McLeod
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