The Global Forex Exchange Committee (GFXC) has released a guidance paper on ‘last look’ trading within the FX market. Last look is a practice used in electronic trading where a market participant has a final opportunity to accept or reject a trade request made on its quoted price. The FX Global Code sets out principles…
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The Investment Industry Regulatory Organization of Canada (IIROC) has issued a warning that a crypto, forex, and binary options brokerage website called RxD Options is fraudulently claiming to be regulated by the IIROC. Through their website rxdoptions.com, the company claims to offer accounts for trading in cryptocurrency, forex, and binary options. The IIROC noted that…
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The following is a guest editorial courtesy of multi-asset global broker Admirals. When discussing technical indicators for trading financial markets, we immediately think about the technical indicators placed on our trading charts. Indicators such as Bollinger Bands, MACD, RSI and PSAR have become increasingly popular over recent times. Market sentiment is one of the key…
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TriOptima, a leading infrastructure service that helps to lower costs and to mitigate risk in OTC derivatives markets, has announced that it now offers integration via SWIFT to the four main tri-party agents: BNY Mellon, Clearstream, Euroclear and J.P. Morgan. TriOptima’s clients will have direct connectivity to tri-parties via SWIFT for sending instructions as well…
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De Nederlandsche Bank (DNB) announces that Binance is providing crypto services in the Netherlands without the required legal registration with DNB. The warning applies to Binance Holdings Limited as the owner of intellectual property rights, as well as the entities (“Binance Operators”) under which Binance provides crypto services in the Netherlands. According to the regulator,…
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Former JPMorgan traders Gregg Smith, Michael Nowak, Christopher Jordan, Jeffrey Ruffo, who are defendants in a spoofing lawsuit, have managed to reduce the burden of charges against them. On August 17, 2021, Judge Edmond E. Chang of the Illinois Northern District Court, issued a Memorandum & Opinion axing the bank fraud charges against the defendants….
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The Australian Securities and Investments Commission (ASIC) today issued a warning against investing in crypto-asset related financial products, such as options and futures, through unlicensed entities. An entity is required to be licensed by ASIC if they provide financial services (such as advising or dealing) in relation to financial products offered in Australia. Financial products…
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State Street Corporation (NYSE:STT) announced today that it has appointed new country heads for three European markets: Andreas Niklaus has been appointed as the head of Germany, Riccardo Lamanna as the head of Luxembourg and Dagmar Kamber Borens as the head of Switzerland. In their respective regions, they will be responsible for developing business, stewarding…
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The following is a guest editorial courtesy of Andrew Lane, CEO of sentiment-based technology company Acuity Trading. We’re well into the back half of the year and oil prices remain below $100 per barrel. This seems like such an achievement, given that oil prices unprecedentedly hit negative territory in April last year. With demand hitting…
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The United States Securities and Exchange Commission (SEC) has taken further steps in its action against Hollywood actor and producer Steven Seagal. Let’s recall that the regulator launched a lawsuit against Seagal in June 2021, alleging that he has failed to pay the full penalty imposed on him for unlawful initial coin offering (ICO) touting….
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