regulation
CFTC Fines Algorithmic Trader $2.8 Million For Spoofing In The First Market Abuse Case Brought By Dodd-Frank Act, And Imposes Ban
- Today, the US Commodity Futures Trading Commission and Britain's FCA announced that they have brought a milestone case against an algorithmic trading entity for market abuse, representing the first Dodd-Frank Act application.
Monday, 22/07/2013 | 13:09 GMT by
Andrew Saks McLeod
A Detailed Look North Of The Border: Canada's FX Industry Explained
- Preview to the recently released Forex Magnates Industry Report for Q2 2013: Canada is one clear example of a country full of potential and issues that require a researcher's treatment to shed light on.
Saturday, 20/07/2013 | 12:30 GMT by
Andrew Saks McLeod
Breaking: Japanese Expansion Continues, DMM Securities Launching Australian Division DMM FX
- MM Securities, the world’s second largest retail broker by volume has secured an ASIC license and will soon be launching DMMFX.COM.AU. DMM FX will feature FX and CFDs as well as binary options trading within its brand.
Thursday, 18/07/2013 | 19:38 GMT by
Ron Finberg
Malta The Next Cyprus? MFSA Announces Regulatory Framework For Binary Options
- Malta's financial regulator has today set in place its structure for regulating binary options, classifying them as financial products and replacing the auspices of the Lotteries and Gaming Authority.
Thursday, 18/07/2013 | 11:09 GMT by
Andrew Saks McLeod
CFTC Welcomes Christopher Ehrman As Director of Whistleblower Office
- Subsequent to the formation of the Whistleblower Office, a department allowing the CFTC to offer a reward for reporting transgressions, the CFTC appoints Christopher Ehrman as Director of the division.
Wednesday, 17/07/2013 | 11:51 GMT by
Andrew Saks McLeod
Forex Magnates Tokyo Summit In Full Swing During Afternoon of Discussions and Product Launches
- Leaders and influential executives of Japan's vast and established FX industry meet with international CEOs today as 700 attendees engage in discussion, networking and the launching of new products at the 2013 Tokyo Summit.
Wednesday, 17/07/2013 | 11:00 GMT by
Andrew Saks McLeod
SEC Chief Of Enforcement Announces Plans To Leave His Position For Private Sector
- Kenneth Lench, the SEC's Chief of Enforcement has announced that after a 23 year career with the US regulator, he will leave at the end of the month to rejoin the private sector.
Wednesday, 17/07/2013 | 06:47 GMT by
Andrew Saks McLeod
Open-Source Risk Management Platform Provider OpenGamma Releases Upgrade In Light of Dodd-Frank Regulations
- In keeping with the current upgrades of risk management solutions to meet the ever-evolving regulatory structures around the world, and in particular the Dodd-Frank Act, OpenGamma today releases v2.0.
Tuesday, 16/07/2013 | 15:16 GMT by
Andrew Saks McLeod
Keep Calm And Carry On Looking After Client Funds: Britain's FCA Draws Up Consultation Paper To Further Refine CASS Rulings
- As the regulatory environment tightens up and continually works toward protection of client funds whilst in the hands of OTC derivatives firms, Britain's Financial Conduct Authority issues proposed refinements.
Tuesday, 16/07/2013 | 10:05 GMT by
Andrew Saks McLeod
SEC Gets Its Act Together - Publishes Final Ruling On Retail FX
- Just one day after SEC Commissioner Luis Aguilar expressed his dismay at the length of time taken to produce final rulings on retail FX, the regulator today produced its full and concise ruling in final form.
Friday, 12/07/2013 | 16:51 GMT by
Andrew Saks McLeod
Get A Move On! Senior SEC Official Expresses Frustration At Dodd-Frank Delays In Retail Sector
- Whilst the CFTC has spent the first half of this year reasonably satisfied with its progress on working toward completion of rulings on the Dodd-Frank Act, one senior SEC official expresses dismay at what he sees as unnecessary delays.
Friday, 12/07/2013 | 08:19 GMT by
Andrew Saks McLeod
Signed And Sealed! Cross-Border Derivatives Methodology Agreed On Both Sides Of The Atlantic
- The Commodity Futures Trading Commission today announced that it has reached a common path forward with European Union officials on how to approach cross-border derivatives.
Thursday, 11/07/2013 | 13:08 GMT by
Andrew Saks McLeod
CFTC Posts May FCM Financials – Advanced Markets Out, Whotrades FX is In
- The CFTC has posted financials for FCMs as of the end of May. Total Retail Forex Funds were $644,593,164, a drop of $3,166,759 (-0.49%) from the end of April. The decline was mainly the result of a near $9 million drop at Oanda,
Thursday, 11/07/2013 | 10:00 GMT by
Ron Finberg
As New Rules Go Into Effect, Advanced Markets Swaps NFA For ASIC Regulation
- Deciding it’s not worth the $20,000,000 minimums; Advanced Markets has also officially withdrawn all of its licenses with the NFA. As of June 28th, the broker withdrew both its FCM license and NFA membership.
Thursday, 11/07/2013 | 09:16 GMT by
Ron Finberg
New Zealand FMA CEO Sean Hughes Announces Resignation, Will Clear His Desk At End Of 2013
- The New Zealand Financial Markets Authority today announced the intention of its CEO to stand down at the end of this year, after a three year tenure during the inaugural stages of the national regulator.
Thursday, 11/07/2013 | 09:13 GMT by
Andrew Saks McLeod
If You Build it they Will Come – CySec Releases H1 2013 License List
- Cypriot financial regulator, CySec, has released its list of firms that were granted licenses during the first half of 2013. Bucking worries of the country’s financial difficulties, Cyprus continues to see strong demand for licenses.
Wednesday, 10/07/2013 | 16:03 GMT by
Ron Finberg
The End Of An Era - Britain's FSA Releases Its Final Annual Report After 28 Years Overseeing The Nation's Financial Markets
- The last annual report from British financial markets regulator the Financial Services Authority was published today, charting regulatory efforts and directives performed during its final year in existence.
Wednesday, 10/07/2013 | 12:02 GMT by
Andrew Saks McLeod
FX Industry Welcomes New Global Dispute Resolution Committee: Financial Commission
Tuesday, 09/07/2013 | 12:04 GMT by
FMAdmin Someone
You’re Nicked Mate! Australian Regulator Shuts Down Apex Derivatives And Liquidates Its Assets
- Sydney-based OTC derivatives and FX firm Apex Derivatives has today been wound up by Australian regulator ASIC for falsely purporting to be ASIC regulated, and for continuing business whilst insolvent.
Tuesday, 09/07/2013 | 07:21 GMT by
Andrew Saks McLeod
NFA Responds To Two Complaints And Hits Interactive Brokers With $300,000 Penalty
- Following two complaints that Interactive Brokers was allegedly not exercising correct procedures relating to client funds, and using unregistered introducing brokers, the NFA yesterday issued the firm with a $300,000 fine.
Tuesday, 09/07/2013 | 06:52 GMT by
Andrew Saks McLeod
Binary Options Update – Firms Look East As Japan-Readiness Tops The Priorities
- Japan is a very important market for binary options platform providers, and in the run up to the Forex Magnates Tokyo Summit, the industry's technology providers ready themselves for commencing business under the new rules.
Monday, 08/07/2013 | 14:31 GMT by
Andrew Saks McLeod
Hong Kong Monetary Authority Releases Foreign Currency Reserves for June 2013
- Each month, Hong Kong's financial markets regulator lists the amount of FX reserve assets held within the nation's financial system. Nation has held over US$300 billion consistently over last 6 months.
Sunday, 07/07/2013 | 09:15 GMT by
Andrew Saks McLeod
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