News Centre

Boerse Stuttgart Introduces Instant Trading Also For Bonds - Investors Now Have Individual Request Options, Giving Them Better Price Quality And Higher Probability Of Execution

Date 18/07/2017

Due to the ongoing low interest-rate policy and changes to regulatory and technological framework conditions, the bond market is characterised by decreasing liquidity and increasing fragmentation. This adds complexity to the price discovery and hence price and trading quality. Nevertheless, debt instrument investors expect attractive and tradable prices – without restrictions of the product universe on offer. To take better account of these customer demands, Boerse Stuttgart has now incorporated instant trading for bonds in its hybrid market model.

Bricknode: Reporting To fFnancial Regulators With The XBLR Format Creates Confusion

Date 18/07/2017

The reporting requirements to EU-authorities for financial institutions has started to come into play within certain areas. This creates confusion since practical documentation is missing from the regulators and many FinTech companies are forced into the hands of consultants.

Barclays And Angel Co-Fund Back Form3 In $5m Series A Funding

Date 18/07/2017

Form3, the cloud-based, end-to-end, secure platform for global payments processing, today announced it has secured a strategic investment from Barclays, the Angel Co-Fund and several individual investors who have joined the existing shareholders in raising $5m. This latest funding will be used to continue building on Form3’s momentum in the UK and expand services across Europe and North America. 

BGC Partners Agrees To Acquire 100 Percent Of Berkeley Point Financial LLC

Date 18/07/2017

• Berkeley Point is a Leading Fannie Mae, Freddie Mac and FHA Multifamily Finance Company and Commercial Loan Servicer
• Acquisition is Expected to Dramatically Increase Revenues and Earnings
• Will Expand Product Offerings and Generate Synergies with Newmark Knight Frank, BGC's Real Estate Services Business
• BGC to Take Minority Stake in a New Real Estate Finance and Investment Business
• Conference Call and Webcast with Accompanying Investor Presentation Scheduled for 8:30 AM ET on Tuesday July 18

Osaka Exchange: 20th Anniversary Of Securities Options

Date 18/07/2017

Osaka Exchange, Inc. (OSE) is celebrating the 20th anniversary of the launch of Securities Options.

Three Former Traders For Major Banks Arraigned In Foreign Currency Exchange Antitrust Conspiracy

Date 18/07/2017

Three United Kingdom nationals and former traders of major banks voluntarily surrendered to the FBI and were arraigned on a charge arising from their alleged roles in a conspiracy to manipulate the price of U.S. dollars and euros exchanged in the foreign currency exchange (FX) spot market, the Justice Department announced today.

FTC Staff Offers Comment On FCC’s Network Neutrality Proceeding - Staff Favors Return Of Broadband Enforcement Authority To FTC

Date 17/07/2017

The staff of the Federal Trade Commission has submitted comments to the Federal Communications Commission (FCC) supporting that agency’s proposal to restore FTC jurisdiction related to broadband Internet access services.

MIAX Regulatory: Member Firm Portal As The Approved Electronic Interface For Performing Post-Trade Adjustments

Date 17/07/2017

MIAX Options Rule 524, Reporting of Matched Trades to Clearing Corporation, has been amended to state that post-trade adjustments that do not affect the contractual terms of a trade are to be performed by the Exchange Member via an Exchange approved electronic interface.

Edward Sander Joins Arachnys As President - Former Model N CEO Re-Enters Compliance Industry

Date 17/07/2017

Arachnys, the leading provider of cloud-based solutions for assessing financial crime customer risk and ensuring compliance for regulatory CDD, KYC and EDD requirements, announced today that Edward Sander has assumed the role of President.

MIAX Regulatory: Approved Rule—CBOE Margin Rule 12.3

Date 17/07/2017

The Chicago Board Options Exchange (“CBOE”) has received approval to extend the Credit Option Margin Pilot Program through July 18, 2018 described in CBOE Rule 12.3, Margin Requirements.