CMC Markets Adds 17 Share Baskets of Up to 50 Stocks Each
CMC Markets has added 17 share baskets, covering a wide range of topical industries, including gaming, banking, and renewable energy.
Rick Steves
Senior Reporter, Regulation and Fintech
Rick Steves has seen business and economics through many lenses. He joined the financial services industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Steves' work has appeared in a variety of online publications including FX Street, NewsBTC, FinanceFeeds, and The Industry Spread. Rick has great interest in the dynamics of the trading industry. The never-ending clash between technology, economics, regulation, and more importantly, the people.
March 2020
Exchanges Against Bans on Short-Selling
The World Federation of Exchanges has criticized recent bans on short-selling as damaging to markets and failing to achieve theirdesired effect.
Coin Metric Raises $6m to Grow Institutional Crypto Data Business
Coin Metrics has completed a $6 million round of funding led by Highland Capital Partners with participation to grow Institutional crypto data business.
Digital Assets on Cusp on Significant Growth from Traditional Trading Firms, Study Finds
Acuiti, a leading management intelligence has found that digital assets are on the cusp of significant growth from traditional trading firm and institution.
Alibaba’s Ant Financial Launches SaaS-Version of Proprietary Database Software
Ant Financial has launched a Software-as-a-Service SaaS-version of its technology product OceanBase, a key computing infrastructure for Alipay since 2010.
Bitfinex Deploys Proprietary Surveillance Tool Against Wash Trading and Layering
Bitfinex has deployed a proprietary surveillance tool to combat market abuse and help promote orderly trading on the exchange.
big xyt Snatches SocGen Veteran as Head of Client Engagement
big xyt has appointed Richard Hills as Head of Client Engagement to accelerate the implementation of the firm's 2020 strategic business plans.
Coronavirus Strikes Fatal Blow on TABB Group, Shuts Down after 17 Years
Tabb Group, the consulting firm, shuts down its business effective immediately. The official announcement cited the impact of Covid-19 for the closure.
INTL FCStone Joins Bloomberg FXGO as Liquidity Provider
INTL FCStone's London-based subsidiary has joined Bloomberg’s electronic trading platform, Bloomberg FXGO, as a liquidity provider.
CoinZoom Launches Crypto Exchange in the US, Australia, and Europe
U.S. regulated crypto exchange CoinZoom has officially gone live, allowing customers to buy and sell a number of cryptocurrencies on the platform.
Avelacom’s Network Faces Unprecedent Growth Amid Covid-19 Pandemic
Avelacom has announced that its low latency network has seen unprecedented growth, with a 35% increase in volume of data transferred amid Covid-19 pandemic.
European CCPs Call for Single EU Classification of Digital Assets
European CCP Clearing Houses (EACH) has responded to the European Commission Public Consultation “On an EU framework for markets in crypto-assets”.
Tether Goes Live on Bitcoin Cash via Simple Ledger Protocol (SLP)
Tether went live on Bitcoin Cash via the Simple Ledger Protocol (SLP), providing users with access to a chain supporting large blocks and low transfer fees.
Gemini Joins Itiviti’s NYFIX Order Routing Network
Gemini is now enabling cryptocurrency holders to trade with their counterparties via NYFIX, Itiviti’s world-class FIX-based order routing network.
WFE Calls Market Participants to Reassess Investment Valuations
WFE issued a statement on coronavirus and current market volatility, asking participants to reassess their investment valuations and associated derivatives.
SIX Digital Exchange Appoints Tim Grant as Head of Business
The SIX Digital Exchange has appointed Tim Grant as its new Head of Business and will be responsible to drive the organization’s next phase of growth.
Euronext Appoints ex-JP Morgan Georges Lauchard as COO
Euronext has appointed Georges Lauchard as Chief Operating Officer, overseeing the firm's operational strategy, policies, and execution.
Phemex Launches Leveraged GOLD Contracts to Hedge Bitcoin Risk
Phemex has launched a proprietary perpetual contract pegged on gold, Leveraged GOLD and settled in nominal USD to hedge bitcoin risk.
Also filing this week: Karthik Subramanian and Abdelaziz Fathi.