Month: November 2019

Surveillance Firm Voxsmart buys Fonetic

Surveillance technology provider VoxSmart has announced the acquisition of Fonetic Trading to deliver what the firm says will be “a comprehensive communications surveillance offering for capital markets participants”. The firm adds that recent high-profile regulatory investigations and prosecutions, together with substantial market demand for greater consolidation of the regtech landscape encouraged it to acquire the trading […]

And Another Thing…

With a “Happy Thanksgiving” to our US readers, let’s keep this short, sweet and cautionary. There are currently a remarkable number of M&A deals going through with deals worth $70 billion announced on Monday alone. Several of them are cross-border and are likely, therefore, to involve at least a degree of FX activity – some […]

CFTC Hits Goldman for Recording Failures

The US Commodity Futures Trading Commission (CFTC) has issued an order filing and simultaneously settling charges against Goldman Sachs for failing to make and keep certain audio recordings as required under CFTC regulations for swap dealers. The order requires Goldman to pay a $1 million civil monetary penalty and to cease and desist from further violations […]

Citi Fined in UK for Reporting Failures

The UK’s Prudential Regulatory Authority (PRA) has handed Citigroup a GBP 43,890,000 fine for failings in relation to its internal controls and governance arrangements underpinning compliance with PRA regulatory reporting requirements. Between 19 June 2014 and 31 December 2018, or parts thereof, three entities within the group, Citigroup Global Markets Limited (CGML), Citibank N.A. London […]

LMAX Digital Begins Publishing Daily Volumes

LMAX Digital, the spot cryptocurrency exchange owned by LMAX Exchange Group, has started publishing its daily trading spot volumes on the exchange’s website. The firm says that its decision to start publishing its volumes will add greater transparency around real spot volumes traded daily in the industry. The volumes represent all trades based on credit […]

Schneider Joins ROW Asset Management

ROW Asset Management has hired Andy Schneider as managing director, global head of business development. Based in New York, he will report to ROW’s Newport Beach, CA and New York City offices. Previously, Schneider was director of business development, North America, for ISAM, a London-based systematic investment manager. Between 2009 and 2016, he worked at […]

Redline Names Wowkodaw as Global FX Head

Redline Trading Solutions has appointed Andrij Wowkodaw as global head of FX, based out of New York. “It is an exciting time to join Redline,” says Wowkodaw. “Redline is innovating in the FX space as both buy side and sell side institutions seek more complete solutions that deliver market-leading trading performance.” Prior to joining Redline, […]

Avelacom Launches Cloud Solution for Crypto Connectivity

Avelacom, a global connectivity and IT infrastructure provider, has launched its multi-cloud connectivity solution to help simplify and accelerate how traders connect to cryptocurrency exchanges.  It delivers secure, direct, low latency access to cryptocurrency exchanges hosted in Alibaba Cloud, Amazon Web Services (AWS), Microsoft Azure and Google Cloud platform.    Proprietary trading firms, hedge funds and […]

Oanda Names Trading Head, COO

Oanda has announced two appointments to its leadership team with Mark Chesterman has being named head of trading and Kurt vom Scheidt shifting to the role of chief operating officer. Chesterman will be responsible for leading Oanda’s trading team, quantitative analytics and research groups and will be based in London. A 14-year career with IG […]

NFA Appoints OTC Derivatives Head

The board of directors of the US National Futures Association (NFA) has approved the appointment of Michael Otten as vice president, OTC Derivatives. “We are thrilled to welcome Mike to this senior position overseeing NFA’s OTC derivatives department,” says NFA’s CEO and president Thomas Sexton. “With his significant regulatory experience and extensive background, Mike will […]