regulation
ICAP & Thomson Reuters Announce CFTC Approval of Swap Execution Facilities
- The CFTC continues to demonstrate its efficiency in approving SEFs, with the applications of two major instititutional firms, ICAP and Thomson Reuters being granted temporary SEF status on the same day.
Monday, 30/09/2013 | 13:50 GMT by
Steven Hatzakis
CFTC Orders R.J. O'Brien To Pay $125,000 For Misuse Of Omnibus Account
- The US Commodity Futures Trading Commission has issued R.J. O'Brien with a $125,000 fiscal penalty for violation of customer protection regulations, in this case due to funds transferred between omnibus accounts.
Sunday, 29/09/2013 | 14:35 GMT by
Andrew Saks McLeod
CFTC Censures Daniel K. Steele For $1.7 Million FX Fraud
- The US Commodity Futures Trading Commission has today issued proceedings against mid-western FX firm Champion Management International and its owner Daniel K. Steele for carrying out a $1.7 million FX fraud.
Thursday, 26/09/2013 | 20:12 GMT by
Andrew Saks McLeod
GTL Tradeup, an Australian FX Broker Goes Belly Up Down Under
- Australian FX broker, GTL Tradeup has filed for bankruptcy. The regulated FX broker contacted the regulator on the 25th of September, informing them that its Board of Directors had resolved to place the business into Liquidation.
Thursday, 26/09/2013 | 00:47 GMT by
Adil Siddiqui
CFTC Orders ICAP To Pay $65 Million Penalty For Manipulating Yen LIBOR
- Interdealer broker ICAP has been issued with a $65 million civil monetary penalty by the CFTC today for manipulation, false reporting and attempting to manipulate the Yen LIBOR rate.
Wednesday, 25/09/2013 | 13:18 GMT by
Andrew Saks McLeod
Diversification On The Agenda - OANDA Purchases Social Trading Network Currensee
- OANDA, one the handful of retail FX firms still operating in America, has today announced that it is to purchase Currensee, alluding to a potential need for diversification of service offering to stay in the market.
Tuesday, 24/09/2013 | 22:00 GMT by
Andrew Saks McLeod
SDP FX Platform Development Simplified - Caplin Systems Launches Core FX Motif
- London-based institutional FX technology provider Caplin Systems has today announced the release of Core FX Motif, a set of tools designed to establish ready-made starting points for building single-dealer platforms.
Monday, 23/09/2013 | 11:05 GMT by
Andrew Saks McLeod
CFTC Fines IB Foremost Trading $400,000 For Supervision Shortcomings
- American introducing broker Foremost Trading has been issued with a $400,000 civil monetary penalty by the CFTC as a result of deficiencies in its supervision of the handling of trading accounts.
Monday, 23/09/2013 | 10:21 GMT by
Andrew Saks McLeod
The Reasons Behind CySEC's Revoking of Sama Brokers' CIF License
- Further to the revocation of Sama Brokers' CIF license by CySEC, Forex Magnates has been informed by a number of industry sources of the reasons for which CySEC took action, and that it has ceased operations.
Sunday, 22/09/2013 | 10:59 GMT by
Andrew Saks McLeod
UK government threatens credit card restrictions on Adult websites
Saturday, 21/09/2013 | 00:00 GMT by
FMAdmin Someone
PCI compliance templates can now be downloaded by North American merchants
Friday, 20/09/2013 | 00:00 GMT by
FMAdmin Someone
FX Broker Warns IB’s Against Possible Phishing Scams Floating Around
- Leading FX brokerage firm, FXCM, has issued an email notification to its introducing brokers warning them of a phishing scam that is posing as the broker. The firm informed its clients to be wary of the email.
Thursday, 19/09/2013 | 16:05 GMT by
Adil Siddiqui
Indian Central Bank Gets Tough with FX Traders Using Credit or Debit Card
- India’s central bank, the RBI, has issued a notification which puts further blocks on traders engaging in margin FX trading on-line. Indian banks have been ordered to close clients account if they realise FX trading is taking place.
Thursday, 19/09/2013 | 10:56 GMT by
Adil Siddiqui
Pay Up, Says Uncle Sam! FXDD Ordered To Pay Penalties As Case Draws To A Close
- After over a year's worth of legal pursuit by the US authorities, the NFA and CFTC's cases against FXDD have today drawn to a close with FXDD liable for substantial fines and $1.8 million in restitution.
Wednesday, 18/09/2013 | 20:14 GMT by
Andrew Saks McLeod
Trade Repository Registrations Take A Step Back In Europe As ESMA Delays Final Date
- The European Securities and Markets Authority has today announced that it is pushing back the implementation timeline relating to the instigation of trade repositories in Europe.
Monday, 16/09/2013 | 16:19 GMT by
Andrew Saks McLeod
Ponzi Scheme Eh? Ontario Regulator To Hear FX Fraud Case Tomorrow at 10.00am
- The Ontario Securities Commission is scheduled to hear the case against FX trader Sylvan Blackett, Rezwealth Financial Services and Tiffin Financial in legal proceedings which have been a somewhat long, drawn-out affair.
Monday, 16/09/2013 | 13:06 GMT by
Andrew Saks McLeod
Global FX Volumes Climbing: BIS Releases Data For Exchange Traded Instruments
- To further depict 2013's return to form within the global FX market, the BIS has released its quarterly report for Q2 of 2013, detailing concise figures for exchange-traded instruments. Currency volume up internationally.
Sunday, 15/09/2013 | 14:33 GMT by
Andrew Saks McLeod
As China Tests FX Cross Border Possibilities, Deutsche Bank Joins Pilot Scheme
- Attempting to do business in China has often resulted in western firms being thwarted by the country's lack of a free market economy. Today, however Deutsche Bank joins SAFE's pilot of cross border FX pooling.
Thursday, 12/09/2013 | 12:04 GMT by
Andrew Saks McLeod
Alpari US Customer Contraction Continues in July CFTC FCM Financials
- The CFTC has posted financials for US FCM’s for the month of July. Among forex firms, the data showed a decline in customer deposits. During the month, total Retail Forex Funds dropped 1.2% to $629.75 million.
Wednesday, 11/09/2013 | 16:05 GMT by
Ron Finberg
BCS Financial Group To Implement Market Abuse Surveillance Prior To UK Expansion
- Russian based BCS Financial is to install b-next CMC:Suite for surveillance as part of its expansion into the UK where it will offer FCA regulated trading facilities across a wide range of asset classes.
Wednesday, 11/09/2013 | 11:38 GMT by
Andrew Saks McLeod
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