Global exchange operator Bats Global Markets today announced the launch of the Bats Auction Mechanism (BAM) which provides price improvement opportunities for customer orders. The…
Posts published in January 2017
Morgan Stanley Ordered to Pay $13m Penalty for Overcharging Clients
The US Securities and Exchange Commission (SEC) today announced that Morgan Stanley Smith Barney has agreed to pay a $13 million penalty to settle charges…
CBOE Unveils Social Media-Based Strategy Benchmark Index
Chicago Board Options Exchange (CBOE) announced today that it has just launched the CBOE-SMA Large-Cap Weekly Index (SMLCWSM Index), the second in a series of…
Citadel Securities Fined $22.6m by SEC for Misleading Trade Pricing
Citadel Securities, one of the largest market makers in US stocks and options, has agreed to pay $22.6 million to settle charges that it deceived…
The Great Britain pound rose today (though the gains were very limited) following the rather optimistic speech from Michael Saunders, Bank of England policy maker. Saunders was rather optimistic,…
Nick Ogden, the founder of payments provider WorldPay, is gearing up to launch a new challenger bank in the UK after receiving approval by financial…
US Dollar Recovers Briefly Boosted by Retail Sales Data for December
The release of positive retail sales data for the month of December boosted the performance of the US dollar against major currencies before the gains were erased. The US dollar rose briefly after the US Commerce…
The Hong Kong Monetary Authority (HKMA) today announced that the OTC derivatives trade repository (HKTR) system will remove the fees cap per reporting entity per…
BNY Mellon Adds Jeff McCarthy as CEO, Exchange Traded Funds
BNY Mellon, a global asset manager and provider of financial and investment services, announced today that Jeff McCarthy has joined the company in the newly-created…
Bitcoin Trading on Margin Halted by Major Chinese Exchanges
The possible ramifications of the recently revealed of bitcoin exchanges are starting to come to light after BTCC, Huobi and OKCoin suddenly stopped offering leveraged trading…