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As a large-scale “short squeeze” lawsuit continues at the Florida Southern District Court, a number of online trading companies have been dismissed from the antitrust tranche of the case. This is made clear by a set of documents filed by a counsel for the plaintiffs on August 24, 2021. The documents, seen by FX News…

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Provider of online multi-asset trading services, currency data and analytics, OANDA announces the appointment of industry leader Karl Roessner to its Board of Directors. He will serve as a Non-Executive Director, adding a wealth of industry-specific expertise to the firm’s advisory team from his base in New York. Currently CEO of Lefteris Acquisition Corp, Mr…

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About two months after warning regarding Binance Markets Limited, the UK Financial Conduct Authority (FCA) has provided an update on the matter. A brief notice published by the regulator today states that Binance has complied with all aspects of the requirements imposed by the FCA. Let’s recall that, in June, the FCA said Binance Markets…

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Exchange services group Aquis Exchange plc (LON:AQX) today announced the appointment of Daniel (Danny) Lopez to the board of its subsidiary, Aquis Stock Exchange (AQSE). Mr Lopez will an independent non-executive director (NED) of AQSE. His appointment has received approval from the FCA. Mr Lopez brings a deep knowledge of next-generation technology to AQSE, with…

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OANDA and GAIN Capital have agreed on rigid restrictions regarding access to source code, as the patent infringement lawsuit brought by OANDA continues at the New Jersey District Court. Let’s recall that, in this lawsuit, OANDA alleges that GAIN infringes two of its patents, U.S. Patents No. 7,146,336 (the ʼ336 Patent) and 8,392,311 (the ʼ311…

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Online brokerage firm FXCM Group has announced the addition of Australian shares to its fast-growing, commission-free Single Share CFD offering. Starting from trade sizes as small as 1/10th of a share, FXCM clients can now speculate on the growth or decline of Australian listed firms without incurring the hefty commission and data subscription fees charged…

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Deutsche Börse Group’s post-trade services provider Clearstream has obtained the CSDR licence for banking services for Clearstream Banking AG, its German central securities depository (CSD). The licence was granted by the German Federal Financial Supervisory Authority BaFin pursuant to Art. 54 CSDR (banking services). The authorisation is effective as of 24 August 2021. The Central…

Read More “Clearstream achieves full CSDR compliance across its CSDs” »

Effective September 15, 2021, Cboe Options Exchange (C1), C2 Options Exchange (C2), BZX Options Exchange (BZX), and EDGX Options Exchange (EDGX) will begin supporting enhanced price sliding for Market-Maker (MM) quotes. Currently, MM quotes are rejected when entered at a price that crosses the contra side NBBO. MM quotes that lock the contra side NBBO…

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Australia financial regulator ASIC has issued a consultation paper on payment-for-order-flow (PFOF) rule amendments, and in particular to the prohibition on order incentives. ASIC said that it has identified that its rules do not deal with certain payment-for-order-flow scenarios, such as arrangements between non-market participant intermediaries, and proposes to close this regulatory gap. While the…

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The start of the trial of former JPMorgan traders Gregg Smith, Michael Nowak, Christopher Jordan and Jeffrey Ruffo, who stand accused of spoofing is postponed. This became clear during a telephone conference held on August 24, 2021. The Honorable Edmond E. Chang of the Illinois Northern District Court warned that the Court is still operating…

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