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CFTC insists ex-UBS trader knowingly engaged in “spoofing”

FinanceFeeds – Less than a month after ex-UBS precious metals trader Andre Flotron filed a motion to dismiss the “spoofing” case against him, the Commodity Futures Trading Commission (CFTC) has sought to nix his objections. On Friday, July 13, 2018, the CFTC submitted its response to Flotron’s objections at the Connecticut District Court. Let’s recall that the CFTC alleges that…

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Pay with the palm of your hand! AEON and Fujitsu test new cardless payment service

FinanceFeeds – The scanning of one’s eyes and fingerprints for authentication may be soon outdated, as the financial services industry is testing a new cardless payment technology based on palm vein biometric authentication. Aeon Financial Service Co Ltd (TYO:8570), its subsidiary AEON Credit Service Co., Ltd., and Fujitsu Ltd (TYO:6702) have announced that they will conduct a field trial of…

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