The following is a guest editorial courtesy of Jonathan Brewer, Co-Founder and Managing Partner of Prime of Prime broker IS Prime. There are few participants in the FX market who need to be reminded about the events of January 2015, however there is a possibility that history could be about to repeat itself, which seems…
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Larry Dean Harmon, of Ohio, pleaded guilty today to a money laundering conspiracy arising from his operation of Helix, a Darknet-based cryptocurrency laundering service. According to court documents, Harmon admitted that he operated Helix from 2014 to 2017. Helix functioned as a bitcoin “mixer” or “tumbler,” allowing customers, for a fee, to send bitcoin to…
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The acquisition group which whose proposed $210 million purchase of Finalto and Markets.com was turned down by Playtech shareholders earlier today is not giving up. The group, led by Israeli businessman Zvika Barinboim with backing from a number of banking and insurance companies, issued a statement late Wednesday explaining its decision to allow Playtech to…
Read More “Barinboim Group not giving up on Finalto purchase” »
Wise plc (LON:WISE) has taken steps today to establish a level 1 American Depositary Receipt (ADR) program in the US by filing a registration statement on Form F-6 with the US Securities and Exchange Commission. It is expected that Wise’s ADRs will begin trading on the over-the-counter (OTC) market on 8 September 2021, under a…
Online broker Robinhood (NASDAQ:HOOD) has reported its first quarter as a public company, with Q2 revenues rising a modest 8.3% from Q1, although more than doubling last year’s Q2. Total net revenues increased 131% to $565 million in the second quarter of 2021, compared with $244 million in the second quarter of 2020, but as…
Read More “Robinhood Q2 revenues up just 8% from Q1 at $565 million” »
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,…
Read More “Binance gets another warning – this time in the Netherlands” »
