regulation
CFTC Enforcements in FY2013 Totaled a Record $1.7Billion in Monetary Sanctions Across 82 Actions
- The regulatory agency responsible for overseeing the U.S. commodities futures markets and that recently received new authority under the Dodd-Frank Act, has reported record totals from its enforcement division.
Friday, 25/10/2013 | 14:01 GMT by
Steven Hatzakis
Canadian State Regulator Cautions Investors About YoutradeFX
- Ontario Securities Commission, the financial services regulator for the Ontario has issued a warning against YoutradeFX. The notification comes after the broker solicits Canadian clients without holding the necessary licenses.
Friday, 25/10/2013 | 07:25 GMT by
Adil Siddiqui
State Street Exchange Joins SwapClear Membership From LCH.Clearnet, Expanding Its DerivOne Offering
- Boston headquartered financial services provider in over 100 markets announces the use of a clearing solution from the largest clearer of interest rate swaps that handles in excess of $1 trillion per day notional.
Thursday, 24/10/2013 | 20:26 GMT by
Steven Hatzakis
LIBOR Case Haunts UBS as SIX Exchange Starts Investigation Against the Swiss Bank
- UBS, one of the world’s largest banking groups is being investigated by Switzerland’s exchange regulator for breaking of rules governing (LIBOR) ad hoc publicity. The LIBOR scandal saw major banks and traders fined and charged for breaches.
Thursday, 24/10/2013 | 17:53 GMT by
Adil Siddiqui
CySEC Requests its Investment Firms to Provide Details Regarding Consolidated Structure
- The Cyprus Securities and Exchange Commission has informed Cyprus Investment Firms to complete a form by November 15 2013 as part of the regulators effort to supervise on a consolidated basis, aiding transparency.
Thursday, 24/10/2013 | 11:51 GMT by
Steven Hatzakis
New report shows the challenges that Bitcoin has on law enforcement
Thursday, 24/10/2013 | 00:00 GMT by
FMAdmin Someone
New Bill may finally make nationwide US online gaming a reality
Wednesday, 23/10/2013 | 00:00 GMT by
FMAdmin Someone
Indian retail giant to take on local Ecommerce market.
Wednesday, 23/10/2013 | 00:00 GMT by
FMAdmin Someone
NFA Putting the Squeeze On AlphaMetrix, Forced to Pay $600,000 By November 1st
- Following last week’s report that the NFA was removing AlphaMetrix360 as its third party vendor, the regulator has now notified its parent company, AlphaMetrix Group LLC that it has until November 1st to repay $600,000
Tuesday, 22/10/2013 | 09:16 GMT by
Ron Finberg
PCI European Security Standards Council to meet in Nice
Tuesday, 22/10/2013 | 00:00 GMT by
FMAdmin Someone
Russia FX Regulatory Reform Continues as CBR Takes Over New Role as Financial Markets' Watchdog
- This Wednesday the state DUMA is expected to review key Forex legislation which will affect subsequent regulatory implementation carried out by the Central Bank of Russia which recently assumed further authority.
Monday, 21/10/2013 | 19:23 GMT by
Steven Hatzakis
Brokers Blame Australian Regulator for Unfairly Slamming Down Their Business
- Australia’s main financial watchdog, the Australian Securities and Investments Commission, issued a notification warning investors of the nature of foreign exchange trading. The notification comes after a regulated broker went into liquidation.
Friday, 18/10/2013 | 14:02 GMT by
Adil Siddiqui
CFTC Provides Relief to SEF applicants GTX SEF LLC and LatAm LLC Until November 19th
- Relief extended by CFTC to recent swap execution facility applicants who requested to buy time via no-action letters, in wake of October deadline and overlapping government shutdown which delayed processing.
Friday, 18/10/2013 | 11:23 GMT by
Steven Hatzakis
Executive Interview: Ran Strauss, CEO of Leverate Explains Technology Provision In FX
- The evolution of technology within the FX industry has gained momentum over recent times, as demand for an expanding range of products increases. Ran Strauss, CEO of Leverate, details how to maintain a competitive edge.
Friday, 18/10/2013 | 06:47 GMT by
Andrew Saks McLeod
ITG Licenses TwoFour FX For High-Volume Trade Processing Capabilities
- ITG has today announced that it has licensed TwoFour FX's front-to-back operations in order to improve high-volume trade processing capability.
Thursday, 17/10/2013 | 14:21 GMT by
Andrew Saks McLeod
On Second Thought – Newly Minted CySec Licensed Firms Renounce Regulation
- Back in July, Forex Magnates reported that a record 17 firms had been granted financial licenses by Cypriot securities regulator, CySec. We are now seeing that some of these firms are beginning to rethink these plans.
Thursday, 17/10/2013 | 08:28 GMT by
Ron Finberg
Aussie Rob Receives Five-Year Ban As ASIC Clamps Down On FX Training Software
- Australian regulatory authority ASIC has today issued a five year ban to Robert Wilson for the misleading marketing and sale of software which indicates when to enter and exit trades with red and green lines.
Thursday, 17/10/2013 | 07:21 GMT by
Andrew Saks McLeod
UK Financial Watchdog FCA Confirms FX Market Manipulation Investigation
- The alleged market manipulation carried out by participants in the FX markets has seen regulators take the case on-bard. The UK’s regulatory authority, the FCA, has officially confirmed it is investigating the matter in a statement today.
Wednesday, 16/10/2013 | 18:40 GMT by
Adil Siddiqui
Cyprus FX Firms Receive Cold Reception On Applying For Non-Cyprus Bank Accounts
- Cyprus' large retail FX industry is beginning to experience increasing difficulties when applying for bank accounts in which to hold client money.
Wednesday, 16/10/2013 | 15:58 GMT by
Andrew Saks McLeod
Knight Capital To Pay $12 Million Penalty To SEC For Catastrophic 2012 Trading Incident
- The Securities and Exchange Commission has today announced that Knight Capital Group has agreed to pay $12 million for violating the market access rule subsequent to an investigation relating August 2012's trading incident
Wednesday, 16/10/2013 | 15:53 GMT by
Andrew Saks McLeod
NFA Issues IBFX With $600,000 Penalty For FX Execution Reporting Inadequacies
- Signaling a return to work for the NFA, IBFX has been censured for failing to report trade execution data between 2010 and 2011, a period in which it had applied to withdraw from NFA membership pre-Monex acquisition.
Wednesday, 16/10/2013 | 06:02 GMT by
Andrew Saks McLeod
Bank of Japan To Consider Local Private FX Sector To Manage Forex Reserves
- The BoJ has nearly $1.25 Trillion USD worth of reserves which it may be considering to allocate a portion of to the local FX Industry in an effort to outsource some of its monetary policy efforts.
Tuesday, 15/10/2013 | 15:11 GMT by
Steven Hatzakis
Market Manipulation Probe Continues: JP Morgan FX Trader Placed Under Spotlight
- JP Morgan spot FX trader Richard Usher has today been named as one of the subjects of the FCA's investigation into manipulation of benchmarks, which is being conducted in conjunction with the FBI.
Tuesday, 15/10/2013 | 14:57 GMT by
Andrew Saks McLeod
Danal takes on payment processing for first Chinese online lottery site
Tuesday, 15/10/2013 | 00:00 GMT by
FMAdmin Someone
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