The U.S. Commodity Futures Trading Commission today approved the creation of LabCFTC, a new initiative aimed at promoting responsible FinTech innovation to improve the quality, resiliency, and competitiveness of the markets the CFTC oversees. Located in New York LabCFTC will also look to accelerate CFTC engagement with FinTech and RegTech solutions that may enable the CFTC to carry out its mission responsibilities more effectively and efficiently.
Last week Barchart put on its third annual Fintech Exchange, which had a heavy emphasis on data. The event in its first two years has provided a refreshing change of pace from the typical conference format. Out were the panels of experts discussing well-worn topics in a well-worn format. It was replaced by fintech entrepreneurs on stage in a theater setting forced to make the case for their firm’s value proposition in a limited amount of time.
Fintech companies Equities.com and Tradier launched their much-anticipated flat-fee unlimited trading service on Monday, allowing traders and investors the ability to buy and sell equities with no commissions for the first time ever—all for only $29.95 a month. That’s enormous value for any active investor and avid trader who makes more than six trades a month.