Two former precious metals traders at JPMorgan Chase have been sentenced to prison for engaging in fraud, attempted price manipulation, and spoofing as part of a market manipulation scheme that spanned over eight years, involved tens of thousands of unlawful trading sequences, and resulted in over $10 million in losses to market participants.
Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Wednesday) the appointment of John Hsu as Managing Director and Group Chief Technology Officer. He succeeds Richard Leung, who will become Group Chief Information Officer.
UK energy regulator Ofgem has fined Morgan Stanley £5.41 million over the use by traders of WhatsApp messages on private phones to discuss market transactions.
DMALINK, the EM-focused institutional FX ECN bolsters its Scandinavian currency presence. The firm revealed that Danske Bank A/S, has added DMALINK as a platform to provide custom Scandinavian eFX pricing to its buy-side clients.
OANDA Global Corporation today announced that it has acquired a majority interest in Coinpass Limited, a crypto asset firm registered with the United Kingdom's Financial Conduct Authority (FCA).
Retail investment platform Lightyear is moving into the small business market, launching UK business accounts and opening access to money market funds for freelancers and sole directors in the UK via a partnership with BlackRock.
Capital markets tech vendor Trading Technologies has agreed to buy Abel Noser Solutions (ANS), a provider of transaction cost analysis for investment managers, brokers, asset owners and consultants. Financial terms of the deal were not disclosed.
The Securities and Exchange Commission has charged fintech investment adviser Titan Global Capital Management USA with misleading investors with advertisements about performance metrics.
