WFE Commends Singapore’s Approach to Crypto Trading
Following the MAS Consultation Paper, the WFE outlined the roles of both the exchange and CCP in the trading and clearing of derivatives contracts.
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.
December 2019
FINRA Fines Robinhood $1.25 Million for Best Execution Violations
Robinhood was fined $1.25 million for best execution violations related to its customers’ equity orders and related supervisory failures.
Sydney Stock Exchange Hires Michael Go as CEO to Lead ESG Strategy
The Sydney Stock Exchange (SSX) has appointed Michael Go as its new Chief Executive Officer to bring more benefits of competition to the Australian market.
TP ICAP to Acquire Louis Capital Markets for $21 Million in Cash Plus Extra
TP ICAP intends to buy European brokerage group Louis Capital Markets and MidCap Partners for USD21 million in cash, according to Morningstar.
Beeks Signs Millionaire Deals for Cloud Infrastructure and Open Banking
Beeks signs millionaire deals for cloud infrastructure and open banking and for the financial markets has secured two significant contracts.
Torstone Doubles Hong Kong Office, Makes Several Senior Appointments
The leading provider of post-trade securities and derivatives processing technology has announced a number of several senior appointments.
Marex Spectron Acquires Physical Fuel Oil Broking Services Provider
Marex Spectron, a UK-based broker has acquired Marquee Oil Broking Limited, a specialist provider of physical fuel oil broking services.
Taiwanese Broker to Deploy NICE Actimize’s AML and KYC Solutions
NICE's Autonomous Financial Crime Management business has been selected by Chailease Holding to implement an end-to-end anti-money laundering compliance.
RBC Direct Investing Launches Real-Time Streaming Quotes on Stocks and ETFs
RBC Direct Investing, has started providing real-time streaming quotes on Canadian and U.S. stocks and exchange-traded funds to all clients at no charge.
DASH Snatches New CIO Steven Bonanno From Bloomberg Tradebook Inbox
The industry’s leading capital markets technology and execution provider has appointed Steven Bonanno as Chief Information Officer.
Blockchain.com Launches Gateway for GBP Accounts as Brexit Looms
As Brexit looms, users of the Blockchain Exchange can deposit, withdraw and use GBP to buy bitcoin (BTC) and Ether with more cryptocurrencies to come.
Horizon Connects to Wolverine Execution Services (WEX)
The leading provider of electronic trading solutions and algorithmic technology has integrated its algo-trading platform to WEX.
eToro Launches Portfolio for Global eCommerce Sector
The multi-asset investment platform launched the portfolio to let investors back some of the world’s fast-growing companies while avoiding the usual fees.
Saxo Bank Enters Chinese Market Through JV With Geely
Saxo Bank has partnered with Geely Sweden Holdings AB, a subsidiary of Zhejiang Geely Holding Group Co. Ltd, to establish a technological joint venture.
Tony Mackay’s XBourse to Use Smart Contract Language DAML
XBourse Global will be using DAML to develop digital markets and market infrastructure products, according to an official statement.
Boston Crowd-Sourced Hedge Fund Deploys Tora OEMS
TORA OEMS will help Quantopian on its fund trading activities with its multi-asset, multi-region, MiFID II-compliant system.
IPOs at Nasdaq Raise $34.3 Billion in 2019, Up from $27.7b in 2018
The Nasdaq Stock Market has welcomed 185 IPOs in 2019, raising a total of $34.3 billion, more proceeds than any other U.S. exchange.
Tools for Brokers Enhances Quote Aggregation and Trading Execution
Tools for Brokers has enhanced the Trade Processor system with the ability to aggregate quote feeds and trading execution in the liquidity.
Also filing this week: Karthik Subramanian and Abdelaziz Fathi.