The Commodity Futures Trading Commission and the Federal Energy Regulatory Commission have released a “Memorandum of Understanding” (MOU) detailing their agreement to share market data between one another.
It was hoped that the swaps market reform would help promote trading between these two groups. But, even without this, the market will at least be more transparent.
Platform operators seem to think that this new CFTC EC SEF agreement may not do much at all to keep liquidity between Europe and US markets.
This Tuesday (February 18th) marked the first day that trades had to be executed through SEFs in the US. And it seems that traders aren’t quite ready to jump on board.
The CFTC and the EU have agreed to allow US firms to trade over European platforms, rather than forcing them to be traded through US swap execution facilities, or SEFs.
FinanceFeeds - The latest series of upgrades to IG's new platform includes giving traders the ability to pre-set a timeframe. The post IG enables users of new web platform to pre-set timeframes appeared first on FinanceFeeds. […]
FinanceFeeds - “What’s exciting about Ceba is that it will be able to do the banking for our customers rather than just provide instructions on how to do it”, says Commonwealth Bank Executive General Manager Digital, Pete Steel. The post AI-based chatbot gets to do banking for customers of Commonwealth Bank of Australia appeared first on FinanceFeeds. […]
FinanceFeeds - Let’s be blunt, nobody does regulations quite like the Europeans. With 1.4 million paragraphs of legal speak, MiFID II, the latest installment of the European Markets in Financial Instruments Directive, is unlikely to break with expectations, says Leverate's Adinah Brown The post How New MiFID II research payment rules apply to sales and trading appeared first on FinanceFeeds. […]
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FinanceFeeds - The US government has turned over millions of electronic chats, emails, and other documents spanning nearly 30 million pages, as well as raw data representing literally hundreds of millions of FX trades. The post FX Cartel traders want to delay start of trial, as case materials reach nearly 30 million pages appeared first on FinanceFeeds. […]
FinanceFeeds - “SLOWWW blockchain...” was the last thing customers of The Entrepreneurs Headquarters Limited heard from the company when they tried to withdraw their investments. The post “SLOWWW Blockchain…” – CFTC takes action against Bitcoin, binary options fraudulent scheme appeared first on FinanceFeeds. […]
FinanceFeeds - The broker has added more data points to the Performance Profile, such as Break Even and Margin Impact. The post Interactive Brokers’ TWS platform offers enhanced Performance Profile appeared first on FinanceFeeds. […]
FinanceFeeds - “A talented, intelligent young man forms an investment company, garners investment interest from friends and family members, loses a substantial amount of money through speculative trading, and instead of facing his investors he begins to falsify account statements”, US Government says of Michael Wright. The post US Govt demands prison sentence of 37-46 months for head of Global FX Club appeared first on FinanceFeeds. […]
FinanceFeeds - Under the Court Orders, Bitcoin Store should pay more than $1.6 million, whereas the Bar Works entities should pay more than $81 million in penalties. The post NY Court imposes penalties in excess of $83m on companies run by Bitcoin scammer Renwick Haddow appeared first on FinanceFeeds. […]
FinanceFeeds - The parties in the case targeting banks like Barclays, RBS, , Citi, HSBC, JP Morgan Chase & Co, and Bank of America Corporation, refuse to hold settlement discussions. The post Parties in Forex benchmark rate fixing case refuse to settle appeared first on FinanceFeeds. […]
In January 2018, FIA launched three new Brexit Working Groups via which FIA members can provide their direct input into FIA’s Brexit work. FIA aims to hold the first working group call for each...On Jan. 16, FIA submitted a letter to the Commodity Futures Trading Commission commenting on an application submitted by Intercontinental Exchange seeking permission for its clearinghouses in the...On Jan. 16, FIA submitted a letter to the Securities and Exchange Commission commenting on a proposal by the Options Clearing Corporation to amend certain provisions of its default management...The UK’s Financial Conduct Authority, Bank of England and Gemany's BaFIN have issued statements providing transitional periods for ICE Futures Europe, London Metal Exchange, LME Clear and Eurex... London — Today, FIA published a white paper entitled 'The Impact of a No-Deal Brexit on the Cleared Derivatives Industry'. The purpose of the white paper is to promote a better...FIA has published an implementation summary to help futures brokers and other market participants outside the European Union comply with the direct electronic access requirements under MiFID II... Washington, D.C. and London —FIA and SIFMA today released a white paper setting out recommendations for improving U.S. access to international swap markets. Currently, U.S. firms have not... (RSS generated with FetchRss) […]
FinanceFeeds - The powers given to national regulators by the MiFID II rules should be fully exploited, according to AMF Chairman Robert Ophèle. This includes banning all commercialization of toxic financial products, rather than prohibiting their advertising only. The post Chairman of France’s AMF urges further action against toxic financial products appeared first on FinanceFeeds. […]
FINRA is re-issuing this alert because we are concerned that many investors may underestimate the risks of trading on margin and misunderstand the operation of, and reason for, margin calls. […]
In today’s “hot” cryptocurrency environment, it’s easy for companies or their promoters to make glorified claims about new products, services and other cryptocurrency-related connections. And, even when legitimate companies flock to a hot, new sector, fraudsters almost always follow suit, exploiting the news to launch their latest frauds du jour. Follow these tips to avoid costly mistakes. […]
Drawing on the findings of the FINRA Investor Education Foundation's National Financial Capability Study of more than 25,000 American adults, the FINRA Foundation has developed five tips to help consumers both manage their day-to-day financial challenges and build a brighter financial future. […]
FINRA has issued a new alert to inform investors about the potential risks of participating in Initial Coin Offerings, or ICOs. Investors should be aware that ICOs differ significantly from initial public offerings (IPOs). Unlike stocks, ICOs typically confer no ownership rights in the company; and unlike bonds, ICOs do not involve investors lending money to the issuer. Instead, ICOs involve new technologies and products that are highly technical and complex, and investors can lose some or all of the money they invest in an ICO. […]
Financial fraud routinely follows on the heels of disaster. Hurricane Harvey and the historic flooding it left it its wake is no exception. We are issuing this Alert to warn investors that investment scams may come your way touting stocks and other investments with the promise of huge gains in the wake of Harvey. This Investor Alert explains how to spot and protect yourself from potential investment scams. […]
Some companies and recruiters use online video call technologies such as Skype as a convenient and cost-effective way to interview job applicants. Unfortunately, fraudsters are using them too, and they aren't looking to offer you a job. FINRA is issuing this Alert to warn the public that individuals claiming to be involved in the hiring process for legitimate organizations have turned to online video call platforms as a way to phish for your personal information and money. […]
"Crowdfunding" generally refers to the use of the Internet by small businesses to raise capital through limited investments from a large number of investors. Under SEC rules, the general public can invest in capital raising by start-up companies. This advisory is designed to help the public understand the crowdfunding rules and processes so they can make informed decisions about the risks and rewards of investing in these early-stage businesses. […]
FINRA is issuing this alert to warn anyone involved in binary options trading—specifically through unregistered non-U.S. companies offering binary options trading platforms or services—to be on guard for potential follow-up frauds. […]
If you own bonds or have money in a bond fund, there is a number you should know. It is called duration. Although stated in years, duration is not simply a measure of time. Instead, duration signals how much the price of your bond investment is likely to fluctuate when there is an up or down movement in interest rates. The higher the duration number, the more sensitive your bond investment will be to changes in interest rates. […]
This Investor Alert focuses on a type of call center called a customer advisory center. It is a center that is staffed by securities professionals who may provide financial planning services, sell securities products, and receive commissions or other financial incentives for doing so. These centers have become common and, in some instances, can be sales-orientated. […]