Citibank, which is currently appealing from a District Court ruling against it in a $900 million payment error case, has got backing from Robert L. Clarke, a former United States Comptroller of the Currency. Mr Clarke has submitted an Amicus Curiae (that is, a Friend to the Court) letter at the Second Circuit Court of…
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After celebrating a decade in the market as a retail brokerage, ThinkMarkets has now introduced Liquidity.net, a foray into multi-asset liquidity provision aimed at servicing institutional and professional clients. Liquidity.net is a registered trading name in the UK with the Financial Conduct Authority (FCA) and has established offices in London and Dubai. Integrating a list…
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Hong Kong Exchanges and Clearing Limited (HKEX) today announced the appointment of John Buckley as Head of Exchange Operations and Transformation. In this new role, Mr Buckley will be responsible for all of HKEX’s exchange operations, and will lead the strategic development and transformation of this part of its business. He will also lead efforts…
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Trading trading technology solutions provider oneZero has announced a data-driven approach to evaluate the impact of last look that aids the implementation of the recommendations set out in last month’s Global Foreign Exchange Committee: Execution Principles Working Group Report on Last Look. The analytics, which are available in oneZero’s Data Source Insights product, calculate the…
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The Department of Justice (DOJ) announced that, on September 1, 2021, Glenn Arcaro pleaded guilty in federal court for his participation in a massive conspiracy involving BitConnect, a cryptocurrency investment scheme, which defrauded investors from the United States and abroad of over $2 billion. The BitConnect scheme is believed to be the largest cryptocurrency fraud…
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The Bank for International Settlements (BIS) Innovation Hub, the Reserve Bank of Australia, Bank Negara Malaysia, Monetary Authority of Singapore, and South African Reserve Bank will join forces to test the use of central bank digital currencies (CBDCs) for international settlements. Led by the Innovation Hub’s Singapore Centre, Project Dunbar aims to develop prototype shared…
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Global FX and CFDs broker Equiti Group has announced the appointment of Waleed Saleh as Global Head of Market Research. Equiti added that its new Market Research unit has been established to deliver critical client insights and market data to inform business decisions and to steer the company’s global growth strategy and initiatives. Waleed Saleh…
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More UK consumers are in line for compensation, as the Financial Services Compensation Scheme (FSCS) today announced the latest default declarations. The body declared nine firms in default in June and July 2021. People who have dealt with any of the nine financial services firms listed below, and believe they are owed money as a…
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Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just posted its key performance metrics for August 2021. The broker reported 2.170 million Daily Average Revenue Trades (DARTs) for August 2021, 24% higher than prior year and 8% lower than prior month. Ending client equity amounted to $364.6 billion, 53% higher than prior year and…
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Some normalcy returned to institutional FX trading in August 2021 in what has been anything but a normal year, with the sector seeing its typical seasonal swoon during the summer. After July saw a slight (4%) drop in institutional FX trading at leading eFX ECNs and platforms, August repeated the trick with the usual summer…
Read More “Institutional FX trading volumes drop 10%+ in August 2021” »
