The UK Financial Conduct Authority (FCA) has issued its final LIBOR publications before the important end-2021 deadline. LIBOR is currently based on submissions provided by a panel of banks. These submissions are mostly based on estimates intended to reflect the interest rate at which banks could borrow money on unsecured terms in wholesale markets. The…
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FNG Exclusive Interview… As 2021 draws to a close, we thought it would be a good time to speak with CMC Markets Connect, to understand more about how the team have met the unique set of challenges presented over the year. Hopes are building that worst of the global health pandemic may be behind us…
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More than three months after FXCM Inc, now known as Global Brokerage Inc, Drew Niv and William Ahdout filed a motion for summary judgment in a lawsuit brought by investors, the plaintiffs have opposed the motion. This case stems from the events from February 2017, when FXCM reached settlements with the CFTC and NFA, in…
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Trading software developer MetaQuotes will roll out a MetaTrader 4 (MT4) platform update on Friday, December 10, 2021. This build provides the following changes: The minimum supported desktop client terminal version has been increased to 1340. Older terminals will not be able to connect to updated broker servers. General fixes and platform stability improvements. Error…
The acquisition of Equiniti by Earth Private Holdings Ltd – a newly-formed company owned by funds managed or advised by Siris Capital Group, LLC, is now complete. EQ and Bidco today announced that the Scheme has now become effective and the entire issued ordinary share capital of EQ is owned by Bidco. EQ Shareholders on…
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Provider of financial markets data and infrastructure Refinitiv today announced that it will cease the publication of both morning and afternoon settings of Tokyo Swap Rate (for swaps referencing 6-month JPY interbank offered rates from London banks), as published on <17143> and other RICs, for all tenors via all delivery channels. The final publication will…
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The United States Commodity Futures Trading Commission (CFTC) will seek default judgments against Daniel Winston LaMarco and his company, GDLogix Inc. This becomes clear from a status report filed by the regulator in the New York Eastern District Court on December 9, 2021. Let’s recall that the CFTC charged LaMarco and his company with Forex…
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The UK Competition and Markets Authority (CMA) will take additional time to consider the undertaking offered by S&P Global Inc and IHS Markit Ltd. The regulator has until 30 December 2021 to decide whether to accept the undertakings. The CMA considers that this period should be extended under section 73A(4) of the Act, because it…
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Online trading app Public.com today announces expansion to its its crypto lineup. Public is adding four new crypto assets to its offering: Decentraland, $MANA Cosmos, $ATOM Fantom, $FTM The Graph, $GRT The enrichment of the offering is announced less than a month after Public.com made 10 crypto-assets, such as Solana and Uniswap, available to trade….
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Institutional Shareholder Services Inc. (ISS), which is majority owned by Deutsche Börse Group, today announced the completion of its acquisition of Discovery Data Holdings, Inc., the holding company which owns Discovery Data, Inc. Based in New Jersey, Discovery Data’s platform empowers a growing set of more than 1,000 clients, including a wide range of asset…
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