MBL Fined £13M for Serious Control Failures That Allowed Trader to Conceal Over 400 Fictitious Trades
- 3 weeks 2 days ago
- Trading Systems
The FCA has fined Macquarie Bank Limited - London Branch (MBL) £13m for serious failings that allowed one of its employees to record over 400 fictitious trades. From June 2020 to February 2022, Travis Klein, a trader based on MBL’s London Metals and Bulks Trading Desk was able to record and take steps to conceal over 400 fictitious trades in MBL’s internal systems in a bid to hide his trading losses.
Trading Technologies To Offer Clients Access To Cboe Equity Index Options
- 1 month 2 days ago
- Trading Systems
Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, announced today that it will soon offer clients access to Cboe equity index options, giving TT clients access to the rapidly growing equity options trading space.
BMLL Expands Coverage With Addition Of US Equity Options Data
- 1 month 2 days ago
- Trading Systems
BMLL, the leading, independent provider of harmonised, historical Level 3, 2 and 1 data and analytics across global equity, ETFs and futures markets, today announced the addition of OPRA (Options Price Reporting Authority) data to its ever-expanding data coverage. Six years of historical, nanosecond unconflated OPRA options data is now available to market participants globally, in addition to conflated datasets, complementing existing US equity... more
Higo Bank Selects DTCC’s ITP Services, Streamlining And Accelerating Post-Trade Processing
- 1 month 3 days ago
- Trading Systems
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, announced today that Japan’s Higo Bank has adopted DTCC’s ITP services to automate their middle and back office, helping them achieve no-touch processing across domestic and cross-border transactions.
Droit Launches Dedicated Product For Exchange Traded Derivatives Reporting
- 1 month 3 days ago
- Trading Systems
Droit, a leading technology firm in computational law and regulation, today announces the launch of its Exchange Traded Derivatives (ETD) Reporting product—designed to enhance regulatory transparency and ensure compliance with global reporting requirements for listed derivatives.
Bitget Hits ATH Trading Volume and Daily Active Traders Amidst Market Surge
- 1 month 6 days ago
- Trading Systems
Bitget, the leading cryptocurrency exchange and Web3 company is proud to announce hitting all-time-high trading volumes, open interest and Daily Active Users. The recent market surge has increased activity on the platform, making it surpass major competitors ranking #3 globally for Futures trading on Coingecko.
Liquidnet Releases New Liquidity-Seeking Algorithm
- 1 month 1 week ago
- Trading Systems
Liquidnet, a leading technology-driven agency execution specialist, today announced the release of SmartDark, its latest algorithm for its equities platform, designed to enhance how institutional traders can execute their trades through prioritized routing with larger executions and better price stability.
Trading Technologies Launches TT® Accreditation Program
- 1 month 1 week ago
- Trading Systems
Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, today announced the broad introduction of an industry-first certification program, TT® Accreditation, providing traders and administrators with comprehensive, online, self-paced training modules to achieve certification in various aspects of the TT platform.
Ant International Leverages AI to Streamline and Secure Cross-Border Transactions for SMEs Worldwide
- 1 month 2 weeks ago
- Trading Systems
Ant International, a global leader in digital payments and financial technology based in Singapore, has been advancing its integration of Artificial Intelligence (AI) technologies to streamline and secure millions of daily cross-border transactions for merchants in over 200 global markets.
Bitpanda Deploying Eventus’ Validus Platform to Meet Trade Surveillance Needs
- 1 month 2 weeks ago
- Trading Systems
Eventus, a leading provider of comprehensive, at-scale trade surveillance and financial risk solutions, and Bitpanda, Europe’s leading cryptocurrency platform, announced today that Bitpanda will deploy Eventus’ Validus platform to meet its trade surveillance needs and legal obligations.
Citi Launches New Digital Trade Receivable Finance Solution
- 1 month 3 weeks ago
- Trading Systems
Citi has launched Citi Digital Bill (CDB), a new integrated digital bill discounting solution, making centuries old practices future ready. CDB significantly reduces complexity by eliminating the need for physical documents and couriers and the movement of paper across multiple parties in different geographies. For sellers, CDB provides a faster, more transparent way to manage receivables, reducing the time for monetizing receivables from a week... more
HSBC To Expand Trade Finance Solutions To Support Rapid Growth In E-Commerce
- 2 months 3 hours ago
- Trading Systems
HSBC is seeking to expand the trade financing solutions on offer for businesses trading on e-commerce platforms in mainland China and Hong Kong, following the successful launch of the bank’s collaboration with Dowsure Technologies. Through the seamless integration of Dowsure’s e-commerce data solution with HSBC’s banking solutions, the partnership has benefitted those SMEs facing challenges in securing trade finance.
The Payments Group Launches and Lists on Stock Exchange
- 2 months 1 day ago
- Trading Systems
The Payments Group launched today, a group of four cooperating specialist fintech and paytech businesses. TPG brands operate in a combined 190 countries, are used for payments on tens of thousands of apps/websites, and its cash services are available at 550,000 physical retail locations worldwide.
Robinhood to Offer Cboe's Index Options, Expanding Retail Access
- 2 months 4 days ago
- Trading Systems
Cboe Global Markets, the world's leading derivatives and securities exchange network, and Robinhood Markets Inc. today announced at the HOOD Summit in Miami, Florida, Robinhood's upcoming launch of Cboe's index options on its platform. For the first time, Robinhood customers will soon be able to trade index options – including Cboe's flagship S&P 500 Index (SPX) options, Cboe Volatility Index (VIX) options, Russell 2000 Index (RUT) options... more
Broadridge Launches Enhanced Operational Resilience Solution And Services For International Post-Trade Processing
- 2 months 1 week ago
- Trading Systems
In response to the increased sophistication and prevalence of cyber threats, and board mandates on operational resilience, Broadridge Financial Solutions, Inc. (NYSE: B
