In case you missed it
FinanceFeeds presents the top five industry news stories of the week, so that you can catch up in case you missed anything.
Another week of January 2017 is already behind us and for those of you who are concerned they might have missed anything from the fintech and Forex industry developments, FinanceFeeds provides you with a brief recap of what we see as the top five industry news from the past week.
On Wednesday – January 11, 2017, OANDA Global Corporation’s Board of Directors announced the appointment of Vatsa Narasimha, ex-CFO of OANDA, as its CEO. Mr. Narasimha replaces Ed Eger who will remain at OANDA to support Mr. Narasimha during a transition period.
Before joining OANDA in 2013, Mr. Narasimha was a Principal of The Boston Consulting Group (BCG). While at BCG, he led a number of financial institutions through growth strategies, corporate development and a multitude of operational transformations.
In an exclusive article published on Thursday, FinanceFeeds reported of a massive data security problem at Hello Markets. Hello Group’s CRM data was publicly available and displayed the entire databases of affiliates by just copy-pasting a URL. FinanceFeeds tested this extensively and brought the matter to Hello Group, which has confirmed that it has resolved the issue completely.
Jack Linker joins 360T, Deutsche Börse Group’s powerhouse for FX, as Head of Bank and Hedge Fund Sales for the Americas. Mr Linker will be based in New York and will report to Matt O’Hara, CEO 360T Americas.
Before joining 360T, Jack Linker, who has extensive experience in the FX industry, worked at Thomson Reuters, New York, where he was the Head of FX liquidity Sales & Management for the Americas.
The Cyprus Securities and Exchange Commission has announced that, on January 9, 2017, Banc De Binary Ltd renounced its Cyprus Investment Firm (CIF) authorization. The license of what was one of the biggest binary options providers lapses from January 15, 2017.
The French financial markets’ regulator has posted a communique, detailing its interpretation of the Sapin II law, which prohibits all sorts of advertising (and partnerships that lead to advertising) of high-risk financial products. AMF says the list of such products includes CFDs, currency contracts and binary options.
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