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As FX News Group has reported, the Federal Government of Australia has released the draft legislation to establish the Compensation Scheme of Last Resort (CSLR). Today, the Australian Financial Complaints Authority (AFCA) posted a set of updates on the matter. In short, the establishment of such a scheme of last resort means that customers of…

Read More “Customers of Berndale, USGFX, MyPlanner to benefit from new Aussie scheme” »

MarketAxess Holdings Inc (NASDAQ:MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, today announced that Tony DeLise will be transitioning from his position as Chief Financial Officer, effective August 1, 2021. Christopher Gerosa, the Company’s Head of Accounting…

Read More “MarketAxess announces CFO transition” »

FNG Exclusive… FNG has learned via regulatory filings that FCA regulated CFDs and spread betting broker Livemarkets Limited has posted a loss of £255,545 for 2020, its first full year of operations. Livemarkets Limited provides investment services for Contracts for Difference (“CFDs”) and Spread bets, executing clients’ orders on a matched principal basis (no portfolio…

Read More “Exclusive: Livemarkets posts £255K loss in first full year of operations” »

CFD and FX broker Plus500 Ltd (LON:PLUS) today announces the completion of the acquisition of all of the membership interests of Cunningham Commodities LLC and Cunningham Trading Systems LLC. Cunningham is registered as a Futures Commission Merchant (FCM) with the US Commodity Futures Trading Commission (CFTC), a member of the National Futures Association (NFA) and…

Read More “Plus500 completes acquisition of Cunningham Commodities LLC” »

The United States Securities and Exchange Commission (SEC) today filed a settled action against UBS Financial Services Inc. for compliance failures relating to sales of a volatility linked exchange-traded product (ETP). As described in the SEC’s order, the ETP at issue is designed to track short-term volatility expectations in the market as measured against derivatives…

Read More “UBS to pay $8M to settle SEC charges related to ETP investments” »

Equiniti Group PLC (LON:EQN) today announced that at a Court Meeting and General Meeting of EQ Shareholders held earlier today in connection with the recommended acquisition of EQ by Bidco – Earth Private Holdings, a company owned by funds managed by Siris Capital, all the resolutions proposed were duly passed. At the Court Meeting, a…

Read More “Equiniti shareholders approve acquisition by Earth Private Holdings” »

Clearwater Analytics, the leading SaaS solution for investment accounting, reporting, and analytics, announced today that it has named Joseph (Jody) Kochansky as President, Product and Technology. Kochansky will lead the company’s R&D and Product functions and in this capacity will provide the vision to implement best practices and provide a unified product roadmap for the…

Read More “Clearwater Analytics names Joseph Kochansky its President, Product and Technology” »

FINVASIA Group announced today that it has acquired ActTrader Technologies (formerly ActForex) , a pioneer in building financial technology products. ActTrader has a strong heritage as a Fintech solution provider, drawing on more than 20 years of operational excellence. It was founded in year 2000 in United States of America and has served almost over…

Read More “FINVASIA Group acquires ActTrader” »

FX industry technology provider Edgewater Markets has announced that it will be launching its new foreign exchange (FX) trading and pricing engine in Singapore (SG1). The company said that the new Singapore operation is as an extension of its global growth strategy strengthening its FX presence in the Asia-Pacific region, by partnering with the local…

Read More “Edgewater Markets to launch FX trading and pricing engine in Singapore SG1” »

Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced it will utilize OpenFin’s operating system for financial desktops. With this new digital workspace solution, asset managers using Broadridge’s next generation portfolio and order management system will benefit from componentized apps with highly configurable layouts and intuitive workflows. Traders and portfolio managers will be…

Read More “Broadridge announces partnership with OpenFin” »