The US Commodity Futures Trading Commission announced today that it issued orders filing and settling charges against two interdealer brokers – BGC Financial, LP and GFI Securities, LLC. The orders find that brokers employed by BGC and GFI on
Financial services regulatory consulting firm Bovill has launched a global cryptocurrency-blockchain offering. “Cryptocurrencies and the technology supporting them are revolutionising global finance,” says Ben Blackett-Ord, Chief Executive at Bovill. “Bitcoin and other cryptocurrencies are an emerging asset class with
US Commodity Futures Trading Commission Chairman Heath P Tarbert has announced the following appointments to the CFTC’s executive leadership team. Summer K Mersinger will serve as Director of the Office of Legislative and Intergovernmental Affairs, while Suyash G Paliwal will
ACA Compliance Group (ACA), a provider of governance, risk, and compliance advisory services and technology solutions, has launched ComplianceAlpha 2.0. This ‘next-generation’ risk and compliance management platform helps global financial services firms stay one step ahead of regulators’ increasingly advanced technological
The US Commodity Futures Trading Commission has filed and settled enforcement actions against Hard Eight Futures, and Igor Chernomzav for spoofing – bidding or offering with the intent to cancel the bid or offer before execution – and for engaging
Broadridge Financial Solutions, is working with FundsLibrary, a provider of digital fund data and regulatory solutions, to develop a new offering for European wealth and asset managers to address the challenges posed by MiFID II Ex-Post Costs and Charges and
Apex Group (Apex) has received Full Depositary authorisation from the Central Bank of Ireland for its subsidiary the European Depositary Bank (EDB) to operate in Ireland. Through EDB, Apex offers independent banking, depositary and custody services to institutional investors and
Three companies – international legal practice Allen & Overy, business information provider IHS Markit and SmartDX – have come together to launch Margin Xchange, a new product for the derivatives market. Margin Xchange is an online platform that covers all stages
PGIM has secured approval from the Dutch Authority for the Financial Markets to operate an Alternative Investment Fund Manager (AIFM) from its newly established office in the Netherlands. The office, based in Amsterdam, acts as the AIFM for its existing
The US Commodity Futures Trading Commission has charged Tate Street Trading of Richmond, Virginia and Leonard J Cipolla of Chesterfield, Virginia, with misappropriating customer funds and fraudulent solicitation in connection with a commodity pool. The complaint also charges Tate
