All the latest news from the Forex and CFD industry, including brokers, exchanges, fintech, and regulatory actions.
“We urge the CFTC to refrain from crafting new regulations that generally regulate AI because this approach presents certain well-known pitfalls. By approaching the issue from the perspective of AI as a technology, rather than the use case for the technology, corresponding regulations would likely necessitate a definition of AI. We anticipate that any attempt to properly define AI would be very challenging and require considerable resources.”
‘Kube Trading’ allegedly received around £2.67 million for FX trading and concealed significant losses from investors.
“Consumers care about investing in products that have a positive impact on the planet and people. That’s why we want to boost the integrity of the market and ensure people can make informed decisions about how to invest their money.”
The risks of GenAI, however, include data breaches, regulatory issues, bias, as well as sub-standard or simply false results.
Avraham Eisenberg, 28, has been convicted of commodities fraud, commodities market manipulation, and wire fraud in connection with the manipulation of the Mango Markets decentralized cryptocurrency exchange.
“Their participation further strengthens our collective efforts to drive positive industry change and greater sustainability in the global markets trading industry.”
“With its unique combination of KYC-compliant identity verification, real-time fraud prevention solutions, and expert support, VideoIdent Flex is a powerful tool for the UK market.”
The mid-term plan will be to integrate DVS’s Guarantee Vault with D7, the digital post-trade platform of Deutsche Börse and its post-trade business Clearstream. This will allow D7 for the first time to expand its digital asset product portfolio to non-securities.
To conceal their misappropriation, Nawabi created and issued false account statements that misrepresented trading returns the pool participants supposedly earned. When clients wanted their money back, Nawabi wouldn’t return them their funds.
X Open Hub, a frontrunner in the provision of cutting-edge liquidity solutions, took a leading role at the iFX EXPO LATAM 2024, hosted for the first time in Latin America in Mexico City from April 9-11, 2024.
Highlighting the forefront of online trading and fintech excellence in Latin America.
“This license enhances our service offering for customers in Singapore by enabling us to provide additional payment solutions, including international money transfers through direct card payouts.”
Set to take place from April 9-11, the iFX EXPO LATAM 2024 in Mexico City stands as the premier event for the online trading industry in Latin America.
In a strategic move poised to reshape the landscape for startup brokers, Resalt.io has joined forces with DXtrade CFD, a trading platform developed by Devexperts. This partnership aims to furnish startup brokers with a potent combination of CRM and portal integration tools, facilitating rapid growth and scalability at an accessible cost.
Sam Bankman-Fried (SBF), the once golden boy in the crypto space, received a 25-year-old sentence just days ago, marking an end to the most high-profile case in the crypto space.
“COSMIC will enable FIs to warn each other of suspicious activities and make more informed risk assessments on a timely basis. It complements the industry’s existing close collaboration with MAS and law enforcement authorities to combat financial crime. This will strengthen Singapore’s capabilities to uphold our reputation as a well-regulated and trusted financial centre.”
“Consistent with our longstanding practice, FINRA is introducing greater transparency in a calibrated and careful manner, benefiting liquidity and resilience in this critical market while also mitigating potential information leakage concerns.”
Vanguard admitted that a notable portion of the securities within both the Index and the Fund did not undergo the promised ESG scrutiny.
“Horizon Trading Solutions has seen accelerated global growth over the past year to meet the rising demand for our trading solutions and built-for-purpose technology offering. The choice to rebrand represents a key part of this development, while maintaining our heritage and history in the industry.”
