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Regulation

Federal Court Rules in ASIC’s Favour Against One Tech Media Ltd

The regulator accused One Tech Media Ltd of providing binary options trading without authorization.

Friday, 07/02/2020 | 08:59 GMT by Celeste Skinner

Regulation

Former Barclay’s Trader Wins Long-Shot Unfair Dismissal Case

David Fotheringhame won a rare judgement which will see him return to the bank and earn $192,000 a year.

Wednesday, 22/08/2018 | 11:52 GMT by Celeste Skinner

Regulation

FCA Outlines Proposed Expenses Levy For Financial Compensation Scheme

Britain's Financial Conduct Authority has today released a consultation paper proposing that the Management Expenses Levy Limit under its customer compensation scheme should be set at £80 Million

Monday, 20/01/2014 | 21:02 GMT by Andrew Saks McLeod

Technology

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

Executive Moves

Regulatory Veteran Vincent A. McGonagle Appointed Director of CFTC Division of Market Oversight

Continuing his 16 year career at the US Commodity Futures Trading Commission, it was yesterday announced that Vicent A. McGonagle has been appointed Director of the CFTC's Division of Market Oversight.

Tuesday, 17/09/2013 | 09:21 GMT by Andrew Saks McLeod

Technology

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

Technology

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

Regulation

Don't Mess With The U.S. - America Leads The Way in Strict Sentencing For FX Fraudsters

As worldwide authorities concentrate on firming up the regulatory structure of FX firms, some regimes are stricter than others. The US has demonstrated this by sentencing a Ponzi scheme to 20 years.

Tuesday, 10/09/2013 | 15:26 GMT by Andrew Saks McLeod

Regulation

CFTC Goes In Depth on Risk Control Measures For Automated Trading

Financial markets regulators in the United States have published a concept release on risk controls and system safeguards for automated trading environments. The CFTC considers this necessary at a time of rapid technological change.

Monday, 09/09/2013 | 18:06 GMT by Andrew Saks McLeod

Brokers

TriOptima Goes Live With Verification and Reconciliation of OTC Data To DTCC

TriOptima, ICAP's post-trade risk management infrastructure division has today gone live with its data connectivity integration with DTCC's global trade repository services in time for CFTC deadline of August 23.

Monday, 09/09/2013 | 10:28 GMT by Andrew Saks McLeod

Regulation

BIS Announces Final Report By Basel Committee On Non-Centrally Cleared FX

The Bank of International Settlements has today released the final report on margin requirements for non-centrally cleared derivatives which was issued by the Basel Committee On Banking Supevision and IOSCO.

Monday, 02/09/2013 | 12:11 GMT by Andrew Saks McLeod

Regulation

All Together Now.... 11 Regulators Submit OTC Derivatives Cross-Border Report To G20

In the worldwide quest to standardize the means by which OTC derivatives are regulated across all nations, eleven regulatory authorities submitted a report on regulatory matters to the G20 Committee on August 30.

Sunday, 01/09/2013 | 14:23 GMT by Andrew Saks McLeod

Regulation

Monetary Authority Of Singapore Issues Consultation On Basel III Liquidity Risk

The Singaporean regulatory authorities have issued a detailed consultation paper relating to the implementation of the proposed Basel III rulings on liquidity. An emphasis has been placed on ensuring less reliance on FX Swaps.

Sunday, 01/09/2013 | 10:02 GMT by Andrew Saks McLeod

Regulation

BIS Report on OTC Derivatives: Just How Much Does Market Reform Cost?

A group of 29 institutions and authorities published a report on the effects of regulatory steps on the centralized clearing market, and sent reassuring signals about the collaterals needed to fund them.

Monday, 26/08/2013 | 12:26 GMT by Andrew Saks McLeod

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

Exchanges

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

Execution

The Dodd-Frank Debate - Senior Industry Executives Debate Responsibilities On Trade Reporting During London Discussion Panel

Senior FX and technology executives gathered on Thursday to debate the forthcoming challenges associated with introducing compliant trade reporting solutions in the advent of the Dodd-Frank Act.

Sunday, 30/06/2013 | 09:54 GMT by Andrew Saks McLeod

Regulation

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

Regulation

Exclusive: Israel's Finance Committee Receives Stringent New Proposals From National Regulator On OTC Markets

In an exclusive report by Forex Magnates, the State of Israel's Knesset Finance Committee has been presented with a set of detailed procedures for reforming regulations in Israel, relating to leverage, client funds and suitability of products to clients.

Monday, 24/06/2013 | 06:11 GMT by Andrew Saks McLeod

Regulation

Journey into the Unknown – Chinese Regulators Revising Laws to Assist Overseas FX Firms

Chinese foreign exchange regulator SAFE has made steps toward reducing some of the entry barriers for foreign investment, leading to potentially lower entry barriers for overseas firms wishing to conduct business in the country. What risks lie ahead though?

Wednesday, 22/05/2013 | 12:14 GMT by Andrew Saks McLeod

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