FX Daily News 2 September 2015
Andrew Saks-McLeod looks at this week’s Forex Industry News (Sep 2, 2015).
Andrew Saks-McLeod looks at this week’s Forex Industry News (Sep 2, 2015).
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Industry News 
CFTC comments on ION Cleared Derivatives issues after Russian-linked hack
“The ongoing issue is impacting some clearing members’ ability to provide the CFTC with timely and accurate data. As this incident unfolded, it became clear that the submission of data that is required by registrants will be delayed until the trading issues are resolved.”
Industry News 
FCA took down 14 times more misleading ads in 2022 thanks to technology
The FCA has made significant improvements to the digital tools it uses to find problem firms and misleading adverts. These improvements have enabled it to work through a much larger number of cases compared with 2021.
Executive Moves 
HKEX appoints ex-Goldman Sachs Matthew Cheong to lead platform’s focus on derivatives
“He has worked for a number of the world’s leading investment banks and his experience will be invaluable to HKEX as we continue to enhance our derivatives product offerings and build on our innovative and robust platform business, connecting capital with opportunities.”
Digital Assets 
Zodia Custody and SBI Digital Asset Holdings launch JV for crypto asset custodian in Japan
“Zodia Custody is both proud and excited to be working with SBI DAH to help set up SBI Zodia Custody; the first tier 1 crypto asset custodian for institutions in Japan.”
Digital Assets 
Paxos opens R&D center in Israel to focus on transaction signing and crypto custody security
“Paxos is looking to expand its team in Israel in 2023 and beyond, giving engineers the opportunity to work on cutting-edge financial products and shape the future of the global economy.”
Executive Moves 
Stash appoints Liza Landsman as CEO to further grow investing app
Stash is an investing and banking app with over 2 million active subscribers. Its subscription plans start at just $3 a month, and offer a range of products including investing, banking, education, and advice.
Institutional FX 
Invast Global ramps up its offering with 10 soft commodity CFDs
Sydney-based prime-of-prime provider Invast Global has expanded its offering with the addition of ten soft commodity CFDs, which increases their index and commodity CFD offering to 35 instruments.
Retail FX 
FF Simple and Smart Trades says Goodbye to CySEC authorization
The Cyprus Securities and Exchange Commission (CySEC) confirmed that it has wholly withdrawn the Cyprus Investment Firm (CIF) licenses of FF Simple and Smart Trades Investment Services Ltd.
Crypto Insider 
Shining the Light in Crypto’s Dark Places
Something changed in regulators’ minds after the November crash of the FTX crypto exchange.
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