The Financial Industry Regulatory Authority, aka FINRA, the self-regulatory organization (SRO) for the brokerage business, has issued a warning to the broker-dealers it supervises. According to a “special alert” from FINRA, dated March 25, 2021, so-called “retail investors” have a new rip-off to worry about. “Retail investors” are, for the most part, non-professionals who might be losing big… Read More >>
BGC Partners Sells Trayport to ICE
Intercontinental Exchange (ICE), the exchanges and clearinghouses network that includes the New York Stock Exchange, reports entering into a definitive agreement to acquire London-based vendor Trayport for $650 million in ICE common stock, representing approximately 2.5 million shares. Trayport, which licenses its technology platform to brokers for electronic and hybrid trade execution, primarily in the European over-the-counter… Read More >>
Dion Names Director for Australia and New Zealand
Financial technology vendor Dion Global Solutions has appointed David Bowles as regional director for Australia and New Zealand, officials say. In his new role, he will hold full P&L responsibility for the region, including strategic product development, new business and existing operations. Bowles has more than 20 years of experience in financial technology, and was… Read More >>
