Economy
Mastercard closes acquisition of Recorded Future
Mastercard (NYSE:MA) has completed its acquisition of global threat intelligence company Recorded Future. The deal, initially announced in September 2024, values Recorded Future at $2.65 billion. “As the world becomes more digitized, there’s an increased focus on...
Tai Mo Shan to pay $123M for misleading investors about stability of Terra USD
The Securities and Exchange Commission (SEC) has charged Tai Mo Shan Limited with misleading investors about the stability of Terra USD (UST), a purported “algorithmic stablecoin” issued by Terraform Labs PTE Ltd., when UST dropped from its purportedly fixed exchange...
USD and China in Focus :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil prices fell below 73 USD per barrel on Friday, reflecting ongoing downward pressure. The market is poised to close the week with losses as a robust US dollar weighs heavily on commodity prices.This week, the US Federal...
Argentina’s soaring poverty levels don’t seem to be hurting president Javier Milei – but the honeymoon could be over :: InvestMacro
By Nicolas Forsans, University of Essex Argentina, a nation once ranked among the wealthiest in the world, has found itself grappling with severe economic challenges over the past 25 years. Then, one year ago, provocative libertarian economist Javier Milei was...
Deutsche Bank Securities to pay $4M to settle SEC charges for untimely filing certain SARs
The Securities and Exchange Commission (SEC) today charged registered broker-dealer Deutsche Bank Securities Inc., a subsidiary of Deutsche Bank AG, for failing to file certain Suspicious Activity Reports (SARs) in a timely manner. Deutsche Bank Securities has agreed...
Riksbank and Banxico cut interest rates by 0.25%. BoE, Norges Bank, and PBoC left rates unchanged :: InvestMacro
At the end of Thursday, the Dow Jones Index (US30) was up 0.04%. The S&P 500 Index (US500) decreased 0.09%. The Nasdaq Technology Index (US100) lost 0.47%. The US economic reports released on Thursday were mostly stronger than expected and pushed bond yields to a...
Wells Fargo and LPL Financial agree to pay $900k civil penalty to resolve SEC charges
The Securities and Exchange Commission (SEC) today announced settled charges against Wells Fargo Clearing Services LLC and LPL Financial LLC for failing to provide complete and accurate securities trading information, known as blue sheet data, to the SEC. Wells Fargo...
US500 “Santa Rally” still in play? :: InvestMacro
US500 ↑ 23% year-to-dateDecember: Produced returns 70% of time since 1995Gained on average 1% in December over past 30 yearsPrices bearish on D1 but RSI oversoldTechnical levels: 21-Day SMA,5900 & 100-day SMAFXTM’s US500, which tracks the benchmark S&P 500...
ASIC suspends licence of Equitise
The Australian Securities and Investments Commission (ASIC) has suspended the Australian financial services (AFS) licence of Equtise Pty Ltd until 10 February 2025. The AFS licence was suspended because Equitise is under external administration. On 31 October 2024,...
Doo Financial adds offshore licenses in BVI and Cayman Islands
Singapore based online brokerage firm Doo Group has announced that entities operating under its Doo Financial online brokerage brand have received new licenses from the British Virgin Islands Financial Services Commission (BVI FSC), and the Cayman Islands Monetary...
Aquis shareholders vote in favor of proposed acquisition by SIX
Aquis has announced the results of the Court Meeting and General Meeting held earlier today in connection with the proposed acquisition by SIX. On 11 November 2024, the boards of directors of Aquis and SIX announced that they had reached agreement on the terms of a...
NZ regulator files civil proceedings against InvestNow
The Financial Markets Authority (FMA) of New Zealand has filed civil proceedings against InvestNow Saving and Investment Service Ltd, which trades as InvestNow, for alleged breaches of the Anti-Money Laundering and Countering of Terrorism Act 2009 (AML/CFT Act). The...
Seaport Global Securities to pay $125k fine for alleged FINRA rule violations
Seaport Global Securities LLC has agreed to pay a fine of $125,000 as a part of a settlement with Financial Industry Regulatory Authority (FINRA). From at least March 2020 to the present, Seaport maintained an options trading desk, which received options orders from...
Saxo Bank enhances SaxoPartnerConnect – FX News Group
Multi-asset investment specialist Saxo Bank has made several updates and enhancements to SaxoPartnerConnect (SPC). Enhanced Client screener with new filters The Client screener has been updated with new filters that enable you to screen for restricted clients more...
Sucden Financial Hamburg to commence trading as Category 4 member of LME on Jan 2, 2025
Sucden Financial Hamburg GmbH will commence trading with effect from January 2, 2025 as a Category 4 member of The London Metal Exchange (LME). Sucden Financial Hamburg GmbH has appointed Sucden Financial Limited (SFL) as its administrative clearer for the purposes of...
Australia court: Clients at USGFX reps EuropeFX and TradeFred lost $83M
Australia financial regulator ASIC has reported that the Australia Federal Court has unveiled another side of the bankruptcy of former AFS licensed CFDs broker USGFX, indicating that the “unconscionable conduct” that led to the demise of USGFX went well beyond its own...
Exclusive: Scope Markets hires Doo Prime exec George Maher for BizDev MENA
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Scope Markets has hired Dubai based executive George Maher, as Business Development Team Leader – MENA. In his new role, George will be responsible for expanding the MENA sales team at Scope Markets and...
Fxview operator Charlgate fined €50K around protection of client funds, order execution
Cyprus financial regulator CySEC has announced that a settlement has been reached with the licensed CIF Charlgate Ltd for possible violations of Investment Services and Activities and Regulated Markets Law of 2017, as amended (“the Law”). Charlgate Ltd operates the...
tastytrade now has direct trading integration with TradingView
Online brokerage firm tastytrade, Inc announced today that it now has a direct trading integration with the TradingView platform. Customers with a tastytrade account can now seamlessly connect to TradingView to enhance their trading experience with best-in-class...
CLS welcomes NYK Line to CLSSettlement as third-party participant
NYK Line, a global shipping and logistics company in Japan, has gained access to CLSSettlement as a third-party participant. By participating in CLSSettlement, NYK Line can access the highest standards of FX settlement risk mitigation while also benefiting from...
The Problem is the US Dollar and Local GDP :: InvestMacro
By RoboForex Analytical DepartmentNZD/USD has dropped to its lowest level since October 2022, trading around 0.5620. The currency pair is under pressure from two major factors: the strengthening US dollar and New Zealand’s weak domestic economic data.The primary...
Italy’s CONSOB blocks access to six websites, total reaches 1,200
Italy’s Companies and Exchange Commission (CONSOB) has issued orders for the blocking of access to six unauthorised investment websites. The websites targeted by the latest orders are: “Lemintero” (website www.lemintero.com); “Asteo Trade” (website...
Market round-up: BoE & BoJ hold, Fed delivers ‘hawkish’ cut
By ForexTime BoE keeps ‘gradual’ cut prospects alive Dovish BoJ sends Yen into intervention zone Fed signals slower pace of cuts in 2025 Sterling slipped on Thursday after the Bank of England kept rates unchanged. Prices dipped toward 1.2600 as investors reacted to...
Interactive Brokers introduces significant enhancements to its web-based Advisor Portal
Electronic trading major Interactive Brokers Group Inc (NASDAQ:IBKR) has introduced significant enhancements to its web-based Advisor Portal, bringing advanced trading and portfolio management tools to financial advisors worldwide. These updates streamline client...
The US Federal Reserve cut rates by 0.25% but signaled a more hawkish approach next year. :: InvestMacro
At Wednesday’s close, the Dow Jones Index (US30) was down 2.58%. The S&P 500 Index (US500) fell by 2.95%. The Nasdaq Technology Index (US100) lost 3.60%. The US stocks fell on Wednesday as the Federal Reserve cut interest rates by 25 bps but signaled fewer cuts...
CFI launches “Trading Transparency+” program
CFI Financial Group, the region’s leading online trading provider, has announced the launch of its pioneering program, “Trading Transparency+: Empowering Awareness and Clarity in Trading.” This initiative aims to tackle misinformation and market noise, helping...
Devexperts opening Dubai office – FX News Group
Leading trading technology provider Devexperts has announced plans to open an office in Dubai. The move comes as the company looks to expand its presence in the MENA region. Devexperts has been developing software for the capital markets since 2002. The company’s core...
Robinhood adds ex DoorDash President Christopher Payne to its Board
US neobroker Robinhood (NASDAQ:HOOD) has announced that Christopher Payne has joined Robinhood Markets’ Board of Directors. With more than three decades of business experience, Christopher brings a deep understanding of digital platforms. Having previously served as...
FD Technologies announces tender offer to return up to £120M to shareholders
FD Technologies plc (LON:FDP) today announced a proposed tender offer to return up to £120 million to shareholders. FD Technologies had earlier stated its intention to return up to £120 million to shareholders following completion of the disposal of the First...
FCA apologises to Collateral investors
The UK Financial Conduct Authority (FCA) has called for people who have invested in fraudulent peer-to-peer firm Collateral to come forward to the regulator so they can receive an apology. If you invested in Collateral and haven’t complained yet, fill out the...
AI agents promise to lighten your purchasing load − if they can earn your trust :: InvestMacro
By Tamilla Triantoro, Quinnipiac University Online shopping often involves endless options and fleeting discounts. A single search for running shoes can yield hundreds of results across multiple platforms, each promising the “best deal.” The holiday season brings...
HK regulator warns public of Alpha Advice’s unauthorised ads
The Securities and Futures Commission (SFC) of Hong Kong today issued a warning against Facebook advertisements paid by Alpha Advice in relation to a suspicious investment product “Litigation Asset-Backed Notes” or “90-Day Notes”. The Facebook advertisements for...
Sweden is a nearly cashless society – here’s how it affects people who are left out :: InvestMacro
By Moa Petersén, Lund University and Lena Halldenius, Lund University Around the world, cards and apps are the default way to pay – but nowhere is the transition away from cash more obvious than in Sweden. The Bank of Sweden notes that the amount of cash in...
TradingView introduces crypto analysis tool DEX Screener
TradingView has introduced the latest addition to its crypto asset product suite — the DEX Screener. This new tool complements the existing Crypto Coins Screener, enabling traders to analyze not only individual cryptocurrencies but also trading pairs on decentralized...
What’s next for Albertsons after calling off its $25B grocery merger with Kroger: More lawsuits :: InvestMacro
By Christine P. Bartholomew, University at Buffalo Albertsons announced on Dec. 11, 2024, that it had called off an attempted merger with Kroger and would sue Kroger for breach of contract. The US$25 billion deal, first announced in 2022, would have combined...
FCA charges principal partner at WealthTek with nine criminal offences
The UK Financial Conduct Authority (FCA) has charged John Dance with nine criminal offences, including multiple counts of fraud and money laundering. John Dance was principal partner at WealthTek LLP (formerly known as Vertus Asset Management LLP), a wealth management...
Worldline introduces FlexPricing – FX News Group
FlexPricing is now available on Worldline North America’s payment platform, increasing ISVs’ revenue-sharing profits and adding pricing flexibility. Payment services provider Worldline today announced the launch of FlexPricing, a feature designed specifically for...
Scope Markets hires Exinity/Hantec alum Dun Li as Head of Asia
Retail FX and CFDs broker Scope Markets has announced the appointment of Dun Li as Head of Asia. With the role based in Bangkok, Dun will help spearhead the company’s growth ambitions across South East Asia. Dun Li has extensive experience of the FX and CFD trading...
OptionMetrics releases IvyDB Futures 3.0 database covering European and US futures options
OptionMetrics, an options database and analytics provider for institutional investors and academic researchers worldwide, today announced the release of its new IvyDB Futures database with historical futures option pricing data for US and European futures. The...
The Dow Jones has fallen for 9 consecutive trading sessions. Inflationary pressures are easing in Canada. :: InvestMacro
As of Tuesday’s close, the Dow Jones Index (US30) was down -0.61%, extending its losing streak to nine sessions. The S&P500 index (US500) was down -0.39%. The Nasdaq Technology Index (US100) lost -0.43%. The US stocks declined on Tuesday as markets refrained from...
CySEC fines Pruden Ventures Capital
The Board of the Cyprus Securities and Exchange Commission (CySEC) announced today the imposition of a fine of €20,000 on Cyprus investment firm (CIF) Pruden Ventures Capital Ltd. The regulatory decision was made at meetings of the CySEC Board held on November 4, 2024...
Gold Holds Steady as Investors Await Federal Reserve’s Rate Decision :: InvestMacro
By RoboForex Analytical DepartmentGold prices are hovering around 2,650 USD per troy ounce as investors remain cautious, conserving their energy for a potential move depending on the US Federal Reserve’s rate decision later tonight. The predominant market expectation...
Broadridge announces new partnership with CCRI
A new collaboration between the Crypto Carbon Ratings Institute (CCRI) and Broadridge Financial Solutions, Inc. (NYSE:BR) aims to deliver an integrated communications, data, and disclosure generation platform to help companies operating in Europe, including exchanges,...
Doo Financial adds Indonesia license after Prima Tangguharta Futures acquisition
Singapore based online brokerage firm Doo Group has announced that PT Doo Financial Futures, an entity under its Doo Financial brand, has obtained regulatory licenses issued by the Indonesian Commodity Futures Trading Regulatory Authority (BAPPEBTI) (Futures Brokerage...
LSEG announces launch of Historical Analytics available through Snowflake
London Stock Exchange Group (LSEG) today announced the launch of Historical Analytics available through Snowflake. The Historical Analytics offering combines LSEG’s Pricing Services with Yield Book Analytics to provide pricing information for over 2.9 million bonds...
Hantec Markets launches new Affiliate Program with Cellxpert
Global trading broker Hantec Markets has announced that the company has launched an end-to-end Affiliate Program, in collaboration with affiliate system provider Cellxpert. This strategic partnership brings cutting-edge tools and enhanced features to support the...
FCA survey finds two-thirds of young investors make important decisions in a matter of hours
The UK Financial Conduct Authority (FCA) today published key findings from a survey that polled 2,000 UK investors aged 18 to 40. The research reveals that young investors are making important investment decisions in a matter of hours, rather than taking the time to...
Liquidnet announces record-breaking year for VWAP Cross solution and expansion into the Philippines
Liquidnet, a technology-driven agency execution specialist, today announced a record-breaking year for its VWAP Cross solution, achieving a 75% year-over-year increase in daily principal traded, and strategic expansion into the Philippines. Launched in 2022 in Hong...
NinjaTrader releases Version 8.1.4.0 of NinjaTrader platform
NinjaTrader Version 8.1.4.0 is available for download. The latest release comes with a raft of enhancements, including ones concerning charts. Order Flow + Price On Volume (POV) chart type With the Price On Volume chart you can easily see the volume distribution per...
HKEX announces launch of HKEX Data Marketplace
Hong Kong Exchanges and Clearing Limited (HKEX) today announced the launch of the HKEX Data Marketplace, a web-based platform that offers data users a more intuitive experience in accessing HKEX’s historical and reference data. The new platform will feature a modern...
CFI sponsors leading cricket team MI Cape Town
CFI Financial Group, a leading global provider of online trading services, has announced its Associate Partnership as the Official Online Trading Partner of MI Cape Town, one of the most prestigious teams in world cricket. This collaboration marks another milestone in...
Stablecoin payments platform provider BVNK raises $50M
London based crypto payments company BVNK has announced that it has raised USD $50 million in a Series B funding round, to fuel the next phase of its growth, powering stablecoin payments for businesses worldwide. The company also unveiled plans to expand into the US...
EUR/USD Holds Steady Ahead of Crucial Federal Reserve Meeting :: InvestMacro
By RoboForex Analytical Department The EUR/USD pair is trading neutrally around 1.0510 as market participants adopt a cautious stance ahead of the Federal Reserve’s upcoming decision on interest rates. With the December meeting set to begin tonight and conclude...
European indices under pressure amid political and economic weakness in the main countries of the bloc :: InvestMacro
At the end of Monday, the Dow Jones Index (US30) declined by 0.25%. The S&P 500 Index (US500) added 0.38%. The Nasdaq Technology Index (US100) was up 1.45%. Top gainers included Alphabet (+4.4%), Tesla (+5.1%), and Broadcom, which soared after its market value...
Bitcoin “Santa Rally” coming to town? :: InvestMacro
Bitcoin ↑ 152% since start of 2024Over past year Fed triggered moves of ↑ 3.4% & ↓ 3%Gained on average 11.30% in December over past 15 yearsTechnical levels – $110,000, $107,000 & $100,000Christmas may have come early for investors after Bitcoin surpassed...
Exclusive: Trive International CEO Vladimir Syrov leaves to start Zeholding
FNG Exclusive… FNG has learned that Cyprus based executive Vladimir Syrov has left his position with Retail FX and CFDs broker Trive (formerly known as GKFX), to start a new investment company called Zeholding. Zeholding is being co-founded with Bayu Saputro, an...
Exclusive: FlowBank liquidators repay 91% of secured deposits, LCG still for sale
FNG Exclusive… FNG has learned that Walder Wyss Ltd, liquidator of bankrupt Swiss neobroker / neobank FlowBank, has issued an update to former clients and creditors of the company indicating that it has been successful in returning the vast majority of funds to those...
FCA sets rules for new private stock market PISCES
UK financial regulator The FCA has announced that it is consulting on a new private stock market. Proposals for a new platform – The Private Intermittent Securities and Capital Exchange System, or PISCES – on which shares in private companies will be bought and sold,...
PSG gets CFDs sponsor in offshore broker Culture Capital
Asia focused offshore Retail FX and CFDs broker Culture Capital has announced that it has signed with Paris Saint-Germain (PSG) to become an official partner of the club. The deal – Culture Capital’s first sports sponsorship – confirms the platform as the French...
Gold-i’s Tom Higgins on where growth’s coming from after 16 years in business
FNG Exclusive Interview… Gold-i, one of the original technology innovators in the online trading industry, celebrated its 16-year anniversary this year. We talked to founder and CEO Tom Higgins about the tech firm’s successes, company culture, growth plans and...
Spotware launches cTrader Store – FX News Group
Leading trading technology provider Spotware, developer of the cTrader trading platform, has announced that it has launched cTrader Store at website store.ctrader.com. cTrader Store is a dynamic marketplace designed to enable algo creators to monetise their plugins,...
Interactive Brokers adds new tools and features to IBKR Desktop trading platform
Electronic trading major Interactive Brokers (NASDAQ:IBKR) has announced updates to the IBKR Desktop trading platform. The most recent updates include: Options Tools: Options Wizard: Identify options strategies that match a market outlook. Option Chain in Custom...
FCA bans Richard Fenech and Heather Dunne from working in financial services
The UK Financial Conduct Authority (FCA) has decided to ban Mr Richard Fenech and Ms Heather Dunne from working in financial services and fine them £270,646 and £399,817 respectively. The FCA found that the pair operated a flawed advice model that put customers’...
Canadian dollar falls to a four-year low. France loses credit rating :: InvestMacro
At the end of Friday, the Dow Jones (US30) Index was down 0.20% (for the week -1.83%). The S&P 500 Index (US500) closed unchanged (for the week -0.52%). The Nasdaq Technology Index (US100) was up 0.76% (for the week +0.96%). The Nasdaq Technology Index hit a new...
Broadridge appoints Ashima Ghei as CFO
Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that the Broadridge Board of Directors has appointed Ashima Ghei as the Company’s Chief Financial Officer (CFO), effective immediately. Ghei has led Broadridge’s global Finance team as Interim CFO since...
Japanese Yen Hits Three-Week Low as Bank of Japan Holds Rate Steady :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair climbed to 153.77 on Monday, reaching a three-week high. This movement reflects growing investor sentiment that the Bank of Japan (BoJ) will maintain its current interest rate level and continue its pause on monetary...
XTB sponsors Tyson Fury in Oleksandr Usyk rematch bout
Poland based Retail FX and CFDs broker XTB (WSE:XTB) has announced that it is joining forces with Tyson Fury, for a highly anticipated rematch in what promises to be the biggest heavyweight showdown in boxing history. Fury is set to face Oleksandr Usyk in a rematch of...
Saxo reminds white label partners of requirement to sign new data protection agreements
Multi-asset investment specialist Saxo Bank has informed its white label partners of a requirement to sign new data protection agreements. WLs will need to sign an updated data protection agreement with Saxo if they, as Saxo white label partners, have onboarded...
Deutsche Börse provides 360T data for FX swaps via Bloomberg B-PIPE
Deutsche Börse’s 360T Data Feed is now available via Bloomberg’s real-time market data feed, B-PIPE, and the Bloomberg Terminal, with direct licensing through Deutsche Börse Market Data + Services. To date, customers had to use the 360T API or Deutsche Börse CEF Feed...
HKEX’s OTC Clear to accept China Govt Bonds as collateral for Northbound Swap Connect
Hong Kong Exchanges and Clearing Limited (HKEX) announces that its clearing subsidiary, OTC Clearing Hong Kong Limited (OTC Clear), will allow offshore investors to use China Government Bonds and Policy Bank Bonds held through Bond Connect as collateral for Northbound...
FCA sets plans to improve transparency of UK crypto markets
UK financial regulator The FCA has taken its next steps to set crypto market and trading regulation in the UK, announcing that it is seeking feedback on plans to improve the transparency of the UK’s crypto markets. We recently reported that FCA research shows that...
ASIC takes HSBC Australia to Court for alleged failures to protect customers from scams
The Australian Securities and Investments Commission (ASIC) is suing HSBC Bank Australia Limited for failures to adequately protect customers from scams. According to documents filed by ASIC in the Federal Court today, HSBC Australia failed to protects customers from...
Tauro Markets promotes Marc Suárez to Head of Marketing
FNG has learned that newly formed Retail FX and CFDs broker Tauro Markets has promoted Marc Suárez to the position of Head of Marketing. Marc Suárez is an experienced marketing executive, who joined Tauro Markets back in October as Marketing Manager, as was...
Nomura Securities issues statement on action by Osaka Exchange and Tokyo Stock Exchange
Osaka Exchange, Inc. (OSE) today issued a fine of 60 million yen against Nomura Securities Co., Ltd. for Japanese government bond futures transactions conducted in March 2021. The OSE also announced the suspension of Nomura Securities’ proprietary trading of...
Weekly Speculator Changes led by Corn & Soybeans :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday December 10th and shows a quick view of how large...
Speculator Changes led by SOFR 3M & 5-Year Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday December 10th and shows a quick view of how large...
Currency Speculators push New Zealand Dollar bets to lowest level since 2019 :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday December 10th and shows a quick view of how large market...
Weekly Speculator Changes led by Gold :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday December 10th and shows a quick view of how large traders...
Lean Hogs & Nasdaq lead weekly Bullish Positions :: InvestMacro
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on December 10th.This weekly Extreme Positions report highlights the Most Bullish and Most...
Speculator bets led by S&P500 & MSCI EAFE :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday December 10th and shows a quick view of how large traders...
FX week in review: eToro IPO plans, Forex.com founder leaves, SelfWealth deal, BankPro launch
Who did social trading focused online broker eToro hire to lead its IPO? Where will eToro go public? Valuation? Which founder, and longtime CEO of the Forex.com and City Index brands, is leaving the company after more than 20 years at the helm? Who emerged victorious...
Gold Prices Recovered, But Future Hinges on USD Trends :: InvestMacro
By RoboForex Analytical Department Gold prices stabilised around 2,690.00 USD per troy ounce on Friday. The quotes fell by almost 1% in the previous session, as investors assessed the latest US economic data. The statistics prompted a rally in the yields of US...
SEC charges Florida man for perpetrating fraudulent spoofing scheme
The Securities and Exchange Commission (SEC) today announced settled charges against Zachary Stevenson of North Point, Florida for perpetrating a fraudulent spoofing scheme that netted him over $380,000 in profits. According to the SEC’s order, from April 2022 through...
The SNB unexpectedly cut the interest rate by 0.5%. Natural gas prices reached a two-week-high :: InvestMacro
The Dow Jones Industrial Average (US30) was down 0.53% on Thursday. The S&P 500 Index (US500) decreased by 0.54%. The Nasdaq Technology Index (US100) fell by 0.68%. The losses came amid signs of stagflation after US weekly jobless claims unexpectedly rose to an...
USDJPY braced for central bank showdown :: InvestMacro
Yen expected to be most volatile in G10 space vs USDFed seen cutting rates, BoJ to hold ratesOver past year Fed triggered moves of ↑ 0.5% & ↓ 1.3%Over past year BoJ triggered moves of ↑ 1.1% & ↓ 0.7%Bloomberg FX model: USDJPY has 72% of trading within 150.49 –...
Saxo to discontinue Japan 225 Index CFD
Multi-asset investment specialist Saxo Bank is planning changes to its lineup of investment instruments. Saxo has informed its white label partners that it is in the process of discontinuing the Japan 225 Index CFD. Current exposure can be reduced until the end of...
FCA cancels permission of McLean Financial Services to conduct regulated activities
The UK Financial Conduct Authority (FCA) has cancelled the Part 4A permission of McLean’s trading as McLean Financial Services. The Authority has taken this action because it considers that the firm is carrying on no regulated activity to which the Firm’s Part 4A...
ASIC cancels AFS licence of Macgill Financial Services
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services (AFS) licence held by Macgill Financial Services Pty Ltd. The regulator found the company has ceased to carry on a financial services business. ASIC may suspend...
Porto-based prop firm Hive PT launches powered by Leverate’s SiRiX trading platform
Hive PT, a new prop trading firm headquartered in Porto, Portugal, has officially launched, bringing a fresh perspective to the global prop trading industry. Leveraging innovative strategies, a trader-first philosophy, and cutting-edge technology like Leverate’s SiRiX...
UEFA Women’s EURO 2025 adds Swissquote and Yuh as Official National Partner
UEFA announces that Swissquote has become an Official National Partner of UEFA Women’s EURO 2025 that includes the leading Swiss online banking and financial service provider’s joint venture Yuh. The sponsorship underscores the Swiss online banking company’s objective...
HKEX launches Fund Repository on Integrated Fund Platform
Hong Kong Exchanges and Clearing Limited (HKEX) today announced the launch of a Fund Repository on its Integrated Fund Platform (IFP), marking a significant step forward in enhancing transparency of fund information for Securities and Futures Commission (SFC)...
Finyard CMO Rachel Demosthenous leaves to start Creative Rangers agency
FNG has learned that longtime FX and CFDs industry marketing executive Rachel Demosthenous has left her position as Chief Marketing Officer (CMO) at broker technology platform and tech provider Finyard, to start a new online marketing agency called Creative Rangers....
Deutsche Bank appoints Marcus Chromik as Chief Risk Officer
Deutsche Bank’s Supervisory Board has appointed Marcus Chromik as Chief Risk Officer and Member of the Management Board, effective May 20, 2025. He will succeed Olivier Vigneron who recently informed the bank that he would not seek an extension of his contract, which...
EURUSD Under Pressure US inflation, France, and ECB Rate :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair declined to 1.0504 on Thursday, influenced by investor reactions to the latest US inflation data. The November US Consumer Price Index (CPI) showed a rise of 0.3% month-over-month, aligning with forecasts but...
TradingView introduces Bond Screener – FX News Group
TradingView is introducing Bond Screener. This powerful addition to the TradingView toolkit is designed to help traders discover, analyze, and track bonds more effectively. You can find the Bond Screener in the Products section of the main menu under Screeners....
The Bank of Canada cut the rate again by 0.5%. Today, traders’ attention is directed to the SNB meeting :: InvestMacro
At the end of Wednesday, the Dow Jones Index (US30) fell by 0.22%. The S&P 500 Index (US500) is up 0.82%. The Nasdaq Technology Index (US100) jumped 1.85% to an all-time high. The US stocks extended early gains, reversing earlier session declines this week as...
ICE launches MSCI MarketAxess Tradable Corporate Bond Index futures
Intercontinental Exchange, Inc. (NYSE:ICE) today announced the launch of MSCI MarketAxess Tradable Corporate Bond Index futures. The futures contracts will be based on MSCI and MarketAxess’ newly created corporate bond indices. These tradable indices aim to provide a...
Nuvei integrates Google Pay into its cashier for LATAM customers
Canadian fintech company Nuvei Corporation today announced the expansion of its global partnership with Google to integrate Google Pay, an option now available for merchants across Latin America (LATAM). This collaboration builds upon the existing strong global...
eToro to cease supporting $REN
As of December 26, 2024, online broker eToro will cease supporting the $REN cryptoasset. All $REN positions will be closed on December 26, 2024 as of 12:00 UTC. If you hold $REN positions on your portfolio then you have until December 26, 2024 to manually close your...
HKEX to launch new post-trade services on Orion Cash Platform
Hong Kong Exchanges and Clearing Limited (HKEX) is embarking on a multi-year post-trade services enhancement programme for its cash equities market, reflecting the Group’s ongoing commitment to build future-ready market infrastructure. Starting from mid-2025, new...
State Street Global Advisors launches Saudi Bond UCITS ETF
State Street Global Advisors, the asset management business of State Street Corporation (NYSE:STT), today announced the launch of the SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF (KSAB) to be listed on the Xetra and London Stock Exchange. The new fund aims...
Spain derivatives broker iBroker adds Equities and ETFs via Equiduct Apex
Retail-focused pan-European exchange Equiduct has announced that iBroker Global Markets S.V. is the newest trading participant to join its Best Execution service, Apex. iBroker is the leading online broker in listed derivatives in Spain, specializing in the retail...
Italy’s CONSOB blocks abusive financial services advertisements
Italy’s Companies and Exchange Commission (CONSOB) has blocked advertisements for abusive financial services distributed via the Internet. The ads improperly leveraged the image of prominent figures in the Italian institutional world, such as the Prime Minister,...
Lloyd Pitchford to join LSEG Board as Non-Exec Director
London Stock Exchange Group plc (LSEG) today announced that Lloyd Pitchford will join the Board as a Non-Executive Director. Lloyd Pitchford The appointment is with effect from 30 April 2025. Lloyd Pitchford will also join the Audit, Risk and Nomination Committees....
Exclusive: Trive UK Chairman Marcus Scarlett resigns ahead of FCA license cancellation
FNG Exclusive… FNG has learned that Marcus Scarlett has resigned as Non-Executive Chairman of Trive Financial Services UK Limited, the London based, institutional brokerage arm of the Trive online financial trading firm, which operated under the Trivepro brand. Marcus...
London Stock Exchange Group divests 4.92% stake in Euroclear Holding
London Stock Exchange Group plc (LSEG) announces that it has completed the divestment of its 4.92% stake in Euroclear’s share capital to TCorp, for a total consideration of €455 million. TCorp is the financial services partner to the New South Wales government. J.P....
Standard Chartered unveils Board changes
Standard Chartered PLC today announced that David Conner, independent non-executive Director, will retire from the Board and as a member of the Audit, Board Risk and Remuneration Committees with effect from 30 December 2024. José Viñals, Group Chairman said: “On...
US Govt asks Court to impose $417M fine on BitMEX
The US Government is pushing for a Court order directing HDR Global Trading Limited, a/k/a “BitMEX” to pay a $417 million fine. This is apparent from a sentencing submission dated December 10, 2024. The Government says that BitMEX earned at least $155 million in...
CFTC secures Court order against Storm Bryant and Elijah Bryant III charged with Forex fraud
The Commodity Futures Trading Commission (CFTC) today announced the U.S. District Court for the Western District of North Carolina issued an order for summary judgment and a permanent injunction against Storm Bryant, Elijah Bryant III, CapitalStorm LLC,...
Paxos partners with Standard Chartered to enhance USDG and USDL reserve management
Paxos, a blockchain and tokenization infrastructure platform, has partnered with Standard Chartered to enhance Global Dollar (USDG) and Lift Dollar (USDL) reserve management. Through this collaboration, Standard Chartered will provide cash management, trading, and...
SEC charges three Nigerian impersonators of legitimate securities brokers and investment advisers
The Securities and Exchange Commission (SEC) today charged Chibuzo Augustine Onyeachonam, Stanley Chidubem Asiegbu, and Chukwuebuka Martin Nweke-Eze with fraud for impersonating legitimate securities brokers and investment advisers in an elaborate online scheme...
Australian Dollar Hits Four-Week Low Amid RBA Stance and US Dollar Strength :: InvestMacro
By RoboForex Analytical Department The AUD/USD pair continues its downward trajectory, reaching a four-week low of 0.6386 on Wednesday. This decline is primarily influenced by the Reserve Bank of Australia’s (RBA) decision to maintain interest rates at 4.35% per annum...
Interactive Brokers introduces AI-powered news summaries
Automated global electronic broker Interactive Brokers (NASDAQ:IBKR) announced the introduction of AI-generated news summaries to its News & Research offering. This advanced feature, available at no additional cost, enables clients to access concise summaries of...
Inflation is rising in Germany. Silver prices hit a one-month high :: InvestMacro
The Dow Jones (US30) was down 0.35% on Tuesday. The S&P 500 Index (US500) closed negative 0.30%. The Nasdaq Technology Index (US100) fell by 0.34%. Investors were cautious ahead of Wednesday’s expected consumer inflation report, which could significantly impact...
Fiserv and COCC expand collaboration to enhance digital fintech experiences for consumers and small businesses
Fiserv, Inc. (NYSE:FI), a global provider of payments and financial services technology, today announced an expanded relationship with COCC, a client-owned fintech serving over 200 community banks and credit unions. This collaboration delivers digital banking...
ICE reports record OI in ICE Midland WTI crude futures
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that its ICE Midland WTI (ICE:HOU) crude futures reached record open interest of 160,600 contracts on November 20, 2024, up over 130% year-over-year (y/y). Since launch, HOU has grown into a widely accepted...
City Index announces upcoming end of PayPal support
Retail FX and CFD City Index has announced upcoming changes to the lineup of payment methods its clients can use. The broker will no longer accept PayPal payments after December 22, 2024. PayPal withdrawals are still supported, but this may change in the future. A...
Swissquote invites mobile app users to discover new “Plan” section
Switzerland-based online banking and trading company Swissquote (SWX:SQN) has released version 11.0.0 of its iOS-based app. Users of the app are invited to discover the new “Plan” section and access a full range of long-term investment solutions, including...
Robinhood pushes for arbitration of remaining actions in short squeeze lawsuit
Robinhood is pushing for a Court order compelling arbitration of the remaining individual actions in a multi-district litigation concerning the January 2021 short squeeze. The relevant motion was submitted by Robinhood Markets, Inc., Robinhood Financial LLC, and...
Beeks Financial Cloud Chair Mark Cubitt to move into Non-Exec Director role
Beeks Financial Cloud Group plc (LON:BKS), a cloud computing and connectivity provider for financial markets, today announced changes to the roles of the Board of Directors, with immediate effect. Current Non-Executive Director, William Meldrum, will assume the role...
Circle, Binance partner to accelerate USDC adoption
Crypto industry giants Circle Internet Group Inc. and Binance have joined forces in a new partnership announced today. The partnership will expand adoption of USDC and support the development of the global digital assets and broader financial services ecosystem....
FxPro announces launch of BankPro
FxPro Group, a global provider of financial services and trading, has launched BankPro, a cutting-edge Private Digital Bank designed to redefine digital financial solutions for individuals and corporations. BankPro combines private banking services with advanced...
Belgium’s FSMA warns public of boiler room scams
The Belgian Financial Services and Markets Authority (FSMA) warns the public against several companies engaging in unauthorized activities on the Belgian market. The companies are the following: Bradford Venture Capital (https://www.bradfordventurecapital.com/) KW...
First Abu Dhabi Bank picks Broadridge to build global agency securities finance business
First Abu Dhabi Bank (FAB) has chosen Broadridge Financial Solutions, Inc. (NYSE:BR) to support the build out of its global agency securities finance business. This collaboration marks a significant milestone in the expansion of securities finance within the UAE and...
Aquis to launch Aquis VWAP Match
Aquis Exchange PLC today announced the upcoming launch of Aquis VWAP Match (AVM). AVM will operate as distinct non-displayed order books on the Aquis UK and EU MTFs where members will be able to enter conditional indications of interest (IOIs) to cross orders at the...
ICE launches Long EU Bond Index futures
Intercontinental Exchange, Inc. (NYSE:ICE) today announced the launch of Long European Union (EU) Bond Index futures along with the first trades in the contract. The cash-settled futures contract references the ICE 8-13 Year European Union Index (Ticker: G0EU8T13)...
CFTC charges Francier Obando Pinillo, Solanofi, and Solano Partners with fraud
The Commodity Futures Trading Commission (CFTC) today announced a civil enforcement action in the U.S. District Court for the Eastern District of Washington against Francier Obando Pinillo, doing business as Solanofi, Solano Partners Ltd., and Solano Capital...
Japanese Yen Weakens as USD/JPY Climbs Amid BoJ Rate Hike Uncertainty :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair reached a high of 151.07 on Tuesday, marking its highest level in a week. This movement is largely attributed to ongoing uncertainty regarding the timing of the next interest rate hike by the Bank of Japan (BoJ). The...
Bell Financial outbids Axi for Australia low-cost trading platform SelfWealth
Australia brokerage firm Bell Financial Group Limited (ASX:BFG) has announced that it has entered into an agreement with SelfWealth Ltd (ASX:SWF) to acquire 100% of Selfwealth’s shares outstanding, for 25 cents for each SelfWealth share by way of a scheme of...
USDInd steady ahead of US CPI report :: InvestMacro
USDInd ↑ 0.3% WTD, trapped in rangeOver past year US CPI triggered moves of ↑ 0.7% & ↓ 0.4%ECB decision could spark more volatilityTechnical levels = 105.50 & 106.80FXTM’s USDInd is on standby mode ahead of the US inflation report on Wednesday 11th...
NinjaTrader unveils innovative futures sentiment indicator NinjaTrader Pulse
NinjaTrader, a fintech platform for retail futures trading, today announced the launch of NinjaTrader Pulse, an innovative futures sentiment indicator designed to provide an accurate overview of positions taken by active retail traders. The real-time, gauge-style...
The RBA kept the rate at 4.35%. China plans to actively stimulate the economy in 2025 :: InvestMacro
At Monday’s close, the Dow Jones Index (US30) was down 0.54%. The S&P 500 Index (US500) fell by 0.61%. The Nasdaq Technology Index (US100) lost 0.84%. Stocks in the US started the week lower as Nvidia shares fell amid an antitrust investigation in China, and...
Trading Technologies to offer access to European power market Nord Pool for intraday trading
Trading Technologies International, Inc. (TT), a global capital markets technology platform services provider, announced today that it will offer access to the European power market Nord Pool for intraday trading starting in December. The new connection will give...
TradeStation Securities introduces HUB to streamline onboarding process
TradeStation Securities, Inc., a self-clearing online brokerage firm for trading stocks, options, futures, and futures options, announced the launch of HUB, an enhanced central portal designed to provide applicants and clients with a more streamlined experience....
Nicos Vassiliou hired as CEO of CySEC licensed CFDs broker Colmex Pro
FNG has learned that CySEC licensed Retail FX and CFDs broker Colmex Pro has made a change at the top, hiring Nicos Vassiliou as the company’s new CEO. Nicos Vassiliou replaces Max Rassoulov, who had served as Colmex Pro CEO since January 2024 – Max was also Colmex...
Worldline partners with Dubai-based payment gateway aggregator Telr
Payment services provider Worldline today announced a partnership with Telr, a Dubai-based payment gateway aggregator and provider to launch an e-commerce payments solution for the rapidly expanding UAE. The solution will simplify online payments and optimise...
Sumsub adds Swahili, Zulu and Hausa languages to its Web SDK platform
Sumsub, a full-cycle KYC, KYB and AML solutions provider, has added Swahili, Zulu and Hausa languages to its Web SDK platform which already has Arabic, French, English, and Portuguese, thus making user and business verification available in seven languages widely...
Monex to participate as planning partner in NISSAN PASSPORT BETA project
Monex Group, Inc. today announced that it will participate as a community management and planning partner for a web3 project, NISSAN PASSPORT BETA, run by Nissan Motor Co., Ltd. Nissan aims to provide services and experiences that transcend the boundaries between...
Prop firm FunderPro adds Acuity Research Terminal
Acuity Trading, a leading provider of AI-powered market insights and financial tools, has announced a strategic partnership with retail prop trading firm FunderPro. This marks a significant milestone as FunderPro becomes the first Prop Trader to integrate Acuity...
S&P DJI, JPX Market Innovation & Research launch S&P/JPX Prime Market 250 Index
S&P Dow Jones Indices LLC (S&P DJI) and JPX Market Innovation & Research, Inc. (JPXI) today announced the launch of the S&P/JPX Prime Market 250 Index. The index tracks and measures the performance of the largest and most liquid stocks traded on the...
Circle announces incorporation of entity in ADGM
Circle Internet Group, Inc., a global digital financial technology firm, today announced the incorporation of an entity in the ADGM, a key milestone in its strategic expansion into the Middle East and Africa. Circle has also entered into a partnership with LuLu...
CME Group reports Micro E-mini Equity Index Futures exceed 3bn contracts traded
International derivatives marketplace CME Group today announced that as of November 29, more than 3 billion Micro E-mini Equity Index futures traded across all four indices. “With over three billion of these contracts traded in less than five years, our Micro E-mini...
SEC goes after David Banister and The Market Analysts Group
The Securities and Exchange Commission (SEC) has filed a lawsuit against David Banister and The Market Analysts Group, LLC. The relevant complaint was submitted at the New York Southern District Court on December 6, 2024. The SEC’s Complaint alleges that, between...
FCA cancels Biilz UK registration as small electronic money institution
The UK Financial Conduct Authority (FCA) has cancelled the registration of Biilz UK Ltd as a small electronic money institution (SEMI). The cancellation is pursuant to Regulations 10(1)(e) and 10(1)(a) (as applied by regulation 15) of the Electronic Money Regulations...
DTCC appoints Jason Angrisani as CMO
The Depository Trust & Clearing Corporation (DTCC) today announced the appointment of Jason Angrisani as Managing Director, Chief Marketing Officer (CMO). He reports to Sharon Biran, Managing Director, Chief Client Officer. Angrisani will oversee the firm’s...
eToro adds more Euronext-listed stocks to lineup of investment instruments
Online broker eToro has expanded its offering of Euronext-listed stocks, with numerous additions to the list of investment instruments. The broker has added 55 new stocks listed on the Euronext Amsterdam exchange, bringing the total offering on this exchange to 95...
The NFP report increased the likelihood of a Fed rate cut next week. China still fails to stoke inflation with stimulus :: InvestMacro
At the end of Friday, the Dow Jones (US30) was down 0.28% (for the week -0.63%). The S&P 500 Index (US500) was up 0.25% (for the week +0.83%). The Nasdaq Technology Index (US100) added 0.92% (up +3.10% for the week). The S&P 500 and Nasdaq indices set new...
Glenn Stevens leaving Forex.com, Philip Smith becomes StoneX CEO
Institutional broker StoneX Group Inc (NASDAQ:SNEX) has announced a series of changes to its executive management team, which will see the departure of the head of its retail brokerage division, as well as a new CEO for the overall company. The changes at StoneX...
GFO-X announces ABN AMRO Clearing, IMC, StanChart and Virtu as strategic partners
GFO-X today announced ABN AMRO Clearing, IMC, Standard Chartered Bank and Virtu Financial as strategic partners ahead of launch in the first quarter of 2025. GFO-X is a UK-regulated and centrally cleared trading venue dedicated to digital asset derivatives. GFO-X has...
CFI hires Ilgar Rustambayli as Azerbaijan CEO following AzFinance acquisition
Leading MENA region online broker CFI Financial Group has announced that it has officially rebranded its Azerbaijan entity to CFI Financial Investment Company (CFI Azerbaijan), following the acquisition of AzFinance Investment Company earlier this year. The company...
Former IG Group CEO June Felix to join BoD of Iron Mountain
Information management services provider Iron Mountain Incorporated (NYSE:IRM) today announced that it has elected June Yee Felix to the Board of Directors, effective January 1, 2025. Ms. Felix is an accomplished global executive with three decades of extensive...
ICE launches Japanese Power Futures
Intercontinental Exchange, Inc. (NYSE:ICE) today announced the latest addition to its global energy offering with the launch of Japanese Power Futures. ICE has launched four Japanese Power Financial Baseload and Peakload Futures covering the Tokyo and Kansai areas...
eToro hires Goldman Sachs to lead IPO in 2025
Israel based, social trading focused online broker eToro has apparently hit the “go” button on its IPO plans, hiring investment bankers toward a planned initial public offering of the company in the US, according to Bloomberg reports. eToro IPO plans Bloomberg has...
Johnny Khalil named Executive Director at Tickmill Europe
FNG has learned that leading Retail FX and CFDs broker Tickmill has named Johnny Khalil as Executive Director at Tickmill Europe Ltd, the group’s CySEC licensed entity in Cyprus from where the company serves EU based clients. Johnny Khalil has been at Tickmill for the...
Nullpoint integrates with Brokeree’s PAMM and Social Trading
CRM and IB management solutions provider Nullpoint Technologies has announced that it has launched the integration of its system with Brokeree’s flagship solutions, Social Trading and PAMM. These turnkey investment systems for multi-asset brokers are designed to...
Nuno Matos to succeed Shayne Elliott as ANZ CEO
The Board of ANZ Group today announced that Nuno Matos will become Chief Executive Officer on 3 July 2025, succeeding Shayne Elliott who is retiring from ANZ after nine years in the role. Nuno Matos Mr Matos will also be appointed to the boards of ANZ Group Holdings...
Fastmarkets, ICE launch used cooking oil futures contract
Fastmarkets and Intercontinental Exchange (ICE) today announced the launch of the ICE Used Cooking Oil (UCO) Gulf (Fastmarkets) Futures contract to meet growing demand and tackle complexity in the biofuel feedstock market. Today’s launch provides market participants...
Broadridge launches AI-powered algorithm insights service for NYFIX
Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the launch of an innovative AI-powered algorithm insights service for NYFIX. Driven by real-time liquidity mapping, the service is designed to empower asset managers, hedge funds, and other buy-side firms...
Currency Speculators push Japanese Yen bets into small bullish level :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday December 3rd and shows a quick view of how large market...
FX week in review: Public raises $135M, Robinhood Asia plans, exec moves at Equiti, XTB, Scope, CFI, MultiBank
Which investors led a $135 million financing at US based app-focused neobroker Public? What led to a multi-year high being hit by Robinhood shares – beyond Robinhood unveiling plans to expand its offering to clients in Asia? What senior executive moves were seen at...
Speculator bets led by Sugar & Lean Hogs :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday December 3rd and shows a quick view of how large...
Speculator bets led by Nasdaq-Mini :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday December 3rd and shows a quick view of how large traders...
Speculator bets led by SOFR 1-Month, 10-Year & 2-Year Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday December 3rd and shows a quick view of how large...
Lean Hogs, T-Bonds, US Dollar & Euro lead Bullish & Bearish Positions :: InvestMacro
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on December 3rd.This weekly Extreme Positions report highlights the Most Bullish and Most...
Speculator Bets led higher by Gold & Platinum :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday December 3rd and shows a quick view of how large traders...
Gold Prices Dip but Remain Supported by Fed Rate Cut Expectations :: InvestMacro
By RoboForex Analytical DepartmentGold prices dipped below 2,620.00 USD per troy ounce on Friday, marking a second consecutive session of decline. The value of the precious metal continues to be influenced by developments in US economic indicators and expectations...
Italy’s CONSOB orders blocking of four unauthorized investment websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to four new websites that offer financial services illegally. The websites targeted by the latest orders are: BVTBanco Limited (website www.bvtbancolimited.com); “INCORE INVESTMENT”...
Central banks galore :: InvestMacro
ECB, BoC, SNB expected to CUT interest ratesRBA seen leaving rates unchangedEU50: Over past year ECB triggered moves of ↑ 1.1% & ↓ 0.6%USDCAD near 4 year high, ↑ 6% YTD AU200 & USDCHF on breakout watchCentral bank decisions could spark fresh trading...
TradingView introduces perpetual swaps from Coinbase
TradingView has teamed up with Coinbase to bring its customers new perpetual swaps on cryptocurrencies. Established in 2012, Coinbase has grown to become the world’s third-largest cryptocurrency exchange, processing billions of dollars in trading volume every day....
OPEC+ countries postponed production cuts until spring. The Reserve Bank of India (RBI) unexpectedly lowered the cash reserve ratio :: InvestMacro
The Dow Jones Industrial Average (US30) was down 0.55% at Thursday’s close, the S&P500 Index (US500) decreased by 0.19%, and the Nasdaq Technology Index (US100) fell by 0.31%. Liquidation of long positions and profit-taking before Friday’s release of the monthly...
ODDO selects Euroclear FundsPlace for fund distribution services
Independent financial services group ODDO BHF is enhancing its collaboration with Euroclear by entrusting its fund assets in France to the financial markets infrastructure. By leveraging Euroclear FundsPlace, ODDO will benefit from more efficient processes. Euroclear...
Supervisory Board of Deutsche Börse AG nominates Clara-Christina Streit as new Chairwoman
The Supervisory Board of Deutsche Börse AG today nominated its current member, Clara-Christina Streit, as the successor to outgoing Chairman, Martin Jetter. Clara-Christina Streit is to be elected at an extraordinary Supervisory Board meeting to be convened...
Exclusive: Equiti Capital CEO Liam Conway departs
FNG Exclusive… FNG has learned that longtime Equiti Group executive Liam Conway, who served as CEO for the past two years at the group’s London based, FCA regulated arm Equiti Capital, has left the company. Equiti Capital focuses on liquidity solutions to Professional...
Revolut UK adds former Lord Mayor Sir Peter Estlin, KPMG alum Fiona Fry to its Board
Revolut UK has announced that the company has continued to build out its Board with two new appointments, with Fiona Fry and Sir Peter Estlin joining Revolut as Independent Non-Executive Directors. The appointments come as Revolut is working through a mobilisation...
AUSTRAC cracks down on cryptocurrency ATM providers non-compliant with AML rules
The Australian Transaction Reports and Analysis Centre (AUSTRAC) is cracking down on cryptocurrency ATM providers in Australia that do not comply with the country’s anti-money laundering regime. AUSTRAC intelligence shows cryptocurrency poses a heightened money...
HKMA imposes $4M fine on China CITIC Bank International
The Hong Kong Monetary Authority (HKMA) announced today that it had completed an investigation and disciplinary proceedings for China CITIC Bank International Limited (CITIC) under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Chapter 615 of the...
Genesis rolls out version 8.6 of Genesis Application Platform
Version 8.6 of the Genesis Application Platform offers a new and improved developer portal that unites training resources, technical documentation and support access and serves as the gateway for our cloud-based trial program. The portal dramatically improves how...
Navigating the Regulatory Landscape: A Conversation with Joanna Frendo, Chief Compliance and Risk Officer at Deriv
FNG Exclusive Interview… The financial landscape is constantly changing, with new challenges and trends emerging rapidly. To gain insights into this dynamic environment, we met with Joanna Frendo, Deriv’s Chief Compliance and Risk Officer. FNG: Hi Joanna, and thanks...
5 Medium Cap Companies that made our Quarterly Watchlist :: InvestMacro
By InvestMacro ResearchThe fourth quarter of 2024 is more than two-thirds through and most companies have released their third-quarter results. Today, we wanted to highlight some of the top Medium Cap companies that have been added to our Cosmic Rays Watchlist. The...
SIX expands its multicurrency swaps offering to provide attractive alternative to IRS clearing in the EU
In light of the EMIR 3.0 Active Account requirement announced by the European Commission, whereby market participants are required to open active accounts at a European CCP for the clearing of EUR denominated Interest Rate Swap (IRS) trades, SIX (through the Spanish...
CFTC secures Court order directing Marcus Todd Brisco to pay more than $2M
he Commodity Futures Trading Commission (CFTC) today announced the U.S. District Court for the Southern District of Texas entered a consent order imposing permanent injunctive relief, civil monetary penalty, restitution, and equitable relief against Marcus Todd Brisco...
Third Day of Buying :: InvestMacro
By RoboForex Analytical Department The GBP/USD pair has risen to 1.2711, marking the third day of sustained buyer activity. This upward movement comes from comments from Bank of England Governor Andrew Bailey, who hinted at potential interest rate cuts in 2025 if the...
CME Group to launch 1-Ounce Gold futures contract
International derivatives marketplace CME Group today announced it will launch a 1-Ounce Gold (1OZ) futures contract on January 13, 2025, pending regulatory review. “Gold has always been a popular investment, but retail interest has surged in recent years as more...
Bitcoin hits $100k, OPEC+ delay output hike :: InvestMacro
Bitcoin smashes through $100k“OG” crypto boasts $2 trillion market cap, ↑ 140% YTDOPEC+ delay oil production hikes until April Brent trapped in range – support at $70, resistance at $76Bitcoin surpasses the $100,000 milestone while oil turns choppy following the OPEC+...
R.J. O’Brien appoints John Robbins as Global Chief Compliance Officer
Chicago-based futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) today announced the appointment of John Robbins, CFA, to the new role of Global Chief Compliance Officer (CCO). John Robbins Based in New York, Robbins reports to Melissa Zierk, RJO...
Bitcoin has surpassed the $100,000 mark for the first time. Today, the focus of oil traders is on the OPEC+ meeting :: InvestMacro
At the end of Wednesday, the Dow Jones Index (US30) rose by 0.69%. The S&P 500 Index (US500) was up 0.61%. The Nasdaq Technology Index (US100) was up 1.24%. All three major US stock indices closed at record highs. Market sentiment was buoyed by strong momentum in...
EBS Market to launch On-MTF NDF tailored order books on CME Globex
Effective Sunday, January 26 (trade date Monday, January 27), pending the completion of all regulatory review periods, Tailored Order Book trading will be made available in FX NDFs on CME Globex for EBS UK MTF customers. These new products are identical to the current...
TradingView enhances Crypto Coins Screener
TradingView has enhanced the Crypto Coins Screener, so that traders can analyze user sentiment for crypto coins. High social metric values can indicate growing user interest, helping you spot potentially promising projects and evaluate their stability and performance....
Track360 integrates IB and affiliate management tools for DXtrade brokers
Trading technology developer Devexperts has announced that Track360, an all-in-one introducing broker (IB) and affiliate management platform for the online trading industries, will be integrated with Devexperts’ flagship out-of-the-box white-label trading platform,...
FINRA imposes $900k fine on LifeSci Capital
LifeSci Capital, LLC has agreed to pay a fine of $900,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). In 2020 and 2021, while participating in the initial public offering for a special purpose acquisition company (SPAC), LifeSci...
Cboe BZX Options Exchange no longer pursues 10 Gb Layer 1 Physical Ports initiative
Cboe BZX Options Exchange is no longer pursuing the previously announced 10 Gb Layer 1 Physical Ports initiative. If the Exchange chooses to pursue this initiative at some point in the future, such plans will be communicated in advance in a future notice. The ports...
TSE’s CONNEQTOR to connect directly to Bloomberg’s EMSX
Tokyo Stock Exchange, Inc. (TSE) announced today that TSE will directly connect to Bloomberg EMSX, a multi-asset execution management solution, and CONNEQTOR, an electronic trading platform for ETFs provided by the TSE. This will allow global investors who are also...
Robinhood shares soar topping IPO price on Bitcoin $100K, Asia expansion plans
Shares of US neobroker Robinhood (NASDAQ:HOOD) hit a multi-year high on Wednesday, topping $40 for the first time since late 2021. Robinhood shares are up by more than 50% in the past month, and by more than 3x in 2024 year-to-date. HOOD also crossed an important...
GTN hires Chris Gregory as Europe CEO for newly FCA licensed entity
Dubai based broker GTN has announced that the company has hired Chris Gregory as CEO for Europe. Based in London, Chris will spearhead GTN’s strategic expansion across Europe from the company’s newly FCA licensed entity GTN Europe Financial Services Limited, as a key...
EURUSD gripped by French political turmoil :: InvestMacro
EURUSD ↓ 1% MTD, lingering near key 1.05 levelFrench government faces no-confidence vote todayMounting political uncertainty could hit euroOver past year NFP triggered moves of ↑ 0.4% & ↓ 0.6%Bloomberg FX model – EURUSD has 73% of trading within 1.0349 – 1.0641...
StoneX secures regulatory approval to operate digital asset business in Ireland
StoneX Digital International Limited, a subsidiary of StoneX Group Inc. (NASDAQ:SNEX), today has been approved by the Central Bank of Ireland, as a Virtual Asset Service Provider (VASP) to operate a digital asset business. The StoneX Digital platform will provide...
Australian dollar declines amid weak GDP data. Short-term martial law was imposed in South Korea :: InvestMacro
The Dow Jones (US30) fell by 0.17% on Tuesday. The S&P 500 Index (US500) was up 0.05%. The Nasdaq Technology Index (US100) was up 0.31%. Data released on Tuesday showed a modest increase in US job openings for October, while layoffs declined, indicating workers’...
DTCC survey shows 55% of respondents see high chance of significant event in 2025
The Depository Trust & Clearing Corporation (DTCC) today issued its annual Systemic Risk Barometer Survey results, identifying Geopolitical Risks, Cyber Risk, U.S. Political Uncertainty and U.S. Presidential Election Outcome, Inflation and U.S. Economic Slowdown...
Australian Dollar Hits Four-Month Low Amid Weak GDP Data :: InvestMacro
By RoboForex Analytical Department The Australian dollar fell to a four-month low of 0.6450 against the US dollar on Wednesday, following disappointing GDP data that heightened expectations for potential interest rate cuts by the Reserve Bank of Australia (RBA).The...
Nuvei introduces blockchain-based payment solution for merchants across LATAM
Canadian fintech company Nuvei Corporation today announced the launch of an innovative blockchain-based payment solution for merchants across Latin America (LATAM). Through Nuvei’s partnerships with Rain, a vertically integrated issuing partner for global platforms,...
Clear Street launches in the UK following FCA approval, joins LME
Clear Street, a cloud-native financial technology firm aiming to modernise the brokerage ecosystem, today announced the formal launch of Clear Street UK, following recent Financial Conduct Authority (FCA) approval. Clear Street UK was also approved as a Category 1,...
CFI launches operations in South Africa, hires Zihaad Israfil as SA CEO
Leading online trading firm CFI Financial Group has announced the commencement of operations in South Africa. This pivotal step reflects CFI’s commitment to bringing its world-class trading services to the African continent, reinforcing its mission to empower traders...
Cboe Options and EDGX Options to allow stock to print outside NBBO
Effective December 16, 2024, Cboe Options (C1) and EDGX Options Exchanges will allow the equity leg on all stock-option orders to be executed outside the equity National Best Bid and Offer (NBBO) by no more than a defined buffer amount. Currently, except for QCC...
Diagram Capital selects Muinmos for Client Onboarding and KYC compliance solutions
Diagram Capital, an FCA regulated investment company that provides expert guidance and support for professional clients, has announced its partnership with Muinmos, a market-leading RegTech solutions provider. This collaboration introduces Muinmos’ advanced onboarding...
CME Group to provide CME Term €STR Reference Rates
International derivatives marketplace CME Group today announced it will provide CME Term €STR Reference Rates to meet client demand for a term rate anchored in €STR markets. Published in beta today, the rates are based on CME Group’s liquid €STR futures and OTC swap...
Britannia hires LSEG / TP ICAP alum Martin Ryan as COO
Britannia Global Markets, the FCA regulated financial services firm specialising in derivatives broking including foreign exchange, energy, agriculture, base metals and financial products has announced that Martin Ryan has joined the firm as Chief Operating Officer...
Bank of Korea implements measures to stabilize financial and FX markets
Bank of Korea today announced a set of measures aiming to stabilize the markets after the events from December 3, 2024. Korean financial and foreign exchange markets, which had become highly volatile after the declaration of martial law, have now become somewhat...
Exclusive: MultiBank Chief Data Officer Mahmoud Hammoud departs
FNG Exclusive… FNG has learned that yet another senior executive and C-Suite management member has left Dubai based Retail FX and CFDs broker MultiBank, with the company’s Chief Data Officer Mahmoud Hammoud departing the company. Mahmoud Hammoud joined MultiBank early...
AI has been a boon for marketing, but the dark side of using algorithms to sell products and brands is little studied :: InvestMacro
By Lauren Labrecque, University of Rhode Island Artificial intelligence is revolutionizing the way companies market their products, enabling them to target consumers in personalized and interactive ways that not long ago seemed like the realm of science...
Brent Oil Prices Dip Ahead of Crucial OPEC+ Meeting :: InvestMacro
By RoboForex Analytical Department Brent crude oil prices have declined to 71.65 USD per barrel as the commodity market remains tense ahead of this week’s postponed OPEC+ meeting, now rescheduled for Thursday, 6 December. The market is concerned about the direction of...
BGC Group appoints Mike Whitaker as Global Chief Information Officer
BGC Group, Inc. (NASDAQ:BGC) today announced Mike Whitaker has joined as Global Chief Information Officer and a member of its Executive Committee. In this newly created role, Mr. Whitaker will be responsible for developing and implementing a cohesive technology...
NEOWISE, the NASA mission that cataloged objects around Earth for over a decade, has come to an end :: InvestMacro
By Toshi Hirabayashi, Georgia Institute of Technology and Yaeji Kim, University of Maryland The NASA project NEOWISE, which has given astronomers a detailed view of near-Earth objects – some of which could strike the Earth – ended its mission and burned on reentering...
21Shares and 21.co Technologies to become separate entities
21.co today announced the company’s new operating structure. 21.co’s operating structure will transition from one fully integrated business to two, separated core business units – 21Shares and 21.co Technologies. 21.co remains the Holding Company of both 21Shares and...
ECB may go for a double rate cut in December. US stock indices continue to update historical highs :: InvestMacro
On Monday, the Dow Jones (US30) fell by 0.29%. The S&P 500 Index (US500) gained 0.24%. The Nasdaq Technology Index (US100) added 1.12%. Better-than-expected US economic news on the ISM Manufacturing Index for November and construction spending for October...
Capitolis acquires BGC Group’s Capitalab for $46M
Capitolis today announced the acquisition of Capitalab from BGC Group for a purchase amount of $46 million. This acquisition will allow Capitolis, a market leader in the optimization and compression space, to offer more solutions to the industry and unlock additional...
IG / ThinkMarkets alum Kea Nonyana hired as Head of Scope Prime Africa
Scope Prime, the offshore Belize domiciled liquidity brand of Rostro Financial Group, has announced the appointment of Kea Nonyana as Head of Scope Prime’s Africa division. The company said that this is the latest appointment of a regional head by the business, with...
eToro makes $NEAR and $POL available to stake
Online broker eToro continues to expand its crypto offering by making $NEAR and $POL available to stake. As of today, there are now even more opportunities to earn rewards by HODLing crypto. The crypto Staking services now include the Near Protocol (NEAR) and Polygon...
Finalto releases Watchlist 2025, identifying risks and opportunities in a changing world
Finalto, a leading liquidity provider and fintech specialist, has released the 2025 edition of its annual Watchlist, entitled Watchlist 2025: The World at a Crossroads. Explaining the theme of this year’s edition, Finalto Chief Market Analyst Neil Wilson said: “We...
TradingView partners with Symphony to facilitate market research for finance professionals
TradingView and Symphony have teamed up to transform how finance professionals collaborate and analyze markets on a global scale. Symphony is a communication and markets technology company powered by interconnected platforms: messaging, voice, directory and analytics....
21X gets BaFin license to launch the first EU regulated blockchain-based trading venue
Frankfurt based digital exchange startup 21X has announced that it has become the first ever entity to receive a license to operate a blockchain-based trading and settlement system that is fully regulated in accordance with EU law. Granted by BaFin, Germany’s...
Amazon Web Services partners with TP ICAP to accelerate development of Fusion
TP ICAP Group (LON:TCAP), a provider of financial markets infrastructure and data solutions, and Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ:AMZN), today announced a major agreement to streamline and scale TP ICAP’s technology infrastructure....
Institutional FX trading volumes leap 10% in November as currency volatility soared
Following a couple of slow months leading up to the US elections in September and October, November 2024 saw a strong rebound in eFX trading volumes, as the (surprise?) result of Donald Trump being elected as President, alongside further uncertainty as to what the Fed...
Deutsche Bank launches merchant solutions in Australia, India, Indonesia and South Korea
Deutsche Bank has officially launched Merchant Solutions capabilities in Australia, India, Indonesia and South Korea. The solutions provide the bank’s clients with a global payment acceptance platform and access to a diverse range of local payment methods in these...
Liquidnet adds three new hires to its EMEA Execution & Quantitative Services team
Technology-driven agency execution specialist Liquidnet today announced the appointment of three new hires to its European Execution & Quantitative Services (EQS) team. Launched in 2014, the EQS team advises Liquidnet’s buy-side Members on algorithmic strategies,...
Public announces new financing totalling $135M
Public.com today announced new financing totalling $135 million, including $105 million in equity financing and $30 million in debt. This round was led by Accel, which has led or co-led every funding round since Public launched in 2019. Public comments: “We’re...
Exclusive: XTB hires Theocharis Panayi as General Manager in Cyprus
FNG Exclusive… FNG has learned that Poland based Retail FX and CFDs broker XTB (WSE:XTB) has hired Theocharis Panayi as General Manager for its operation in Cyprus. Group subsidiary XTB Ltd holds a CySEC CIF license. Theocharis Panayi joins XTB after spending the past...
Interactive Brokers registers 74% Y/Y increase in DARTs in November 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just posted its key operating metrics for November 2024. The company registered 3.306 million daily average revenue trades (DARTs) in November 2024. The result is 74% higher than in November...
Rob Witoff rejoins Coinbase as Head of Platform
Coinbase alumnus Rob Witoff is re-joining the company as its new Head of Platform and member of the Executive Team. From 2014 to 2017, Rob Witoff led security and infrastructure, became Coinbase’s Chief Architect, and then went on to create an industry leading cold...
AUD/USD Stabilises Amid US Dollar Pressures and Domestic Economic Strength :: InvestMacro
By RoboForex Analytical Department On Monday, the AUD/USD pair remains stable around the 0.6450 mark. After benefiting from the US dollar’s weakness during the extended US holiday weekend, the currency pair faced new pressures following remarks by US President-elect...
Euronext introduces Total Return Futures on FTSE MIB Index
Euronext today announced the introduction of Total Return Futures (TRF) on the FTSE MIB Index, FTSE Russell’s primary benchmark for the Italian equity market. This launch builds on the success of the Total Return Futures on the CAC 40 Index, which Euronext introduced...
Will US500 stay above 6000 milestone? :: InvestMacro
US500 ↑ 5.1% MTD, pushing 2024 gains to almost 26%Posted only 2 negative months in 2024 – April & OctoberNotched 52 record highs this yearOver past year NFP triggered moves of ↓ ↑ 0.8%Technical levels – 6050, 6000, 5970 FXTM’s US500, which tracks the benchmark...
DTCC appoints Michael Winnike as Managing Director, CSS, Strategy and Market Solutions
The Depository Trust & Clearing Corporation (DTCC) today announced the appointment of Michael Winnike as Managing Director, Clearing & Securities Services (CSS), Strategy and Market Solutions. He joins December 2, 2024, and reports to Brian Steele, Managing...
Donald Trump threatens the BRICS bloc with high tariffs. The Canadian dollar fell after weak GDP data :: InvestMacro
The Dow Jones Index (US30) was up 0.42% on Friday (+2.37% for the week). The S&P 500 Index (US500) added 0.56% (for the week +1.48%). The Nasdaq Technology Index (US100) increased by 0.90% (for the week +0.93%). Stocks rose moderately on Friday, with the S&P...
Deutsche Börse Cash Market to launch new dark pool trading feature Xetra Midpoint
Deutsche Börse Cash Market will launch Xetra Midpoint on 9 December. The trading feature is aimed at institutional clients and gives them access to a dark pool that facilitates efficient execution of orders at the midpoint price. Xetra Midpoint is seamlessly...
R.J. O’Brien & Associates Canada gets a slap on the wrist for alleged ICE rule violations
ICE Futures U.S. has issued a summary fine notice against R.J. O’Brien & Associates Canada Inc. R.J. O’Brien & Associates Canada Inc. was issued a summary fine of $10,000 for violating Rule 4.02(g)(3) by engaging in cross trading without utilizing a crossing...
TP ICAP expands its Middle East ops with opening of new office in DIFC
TP ICAP Group, a provider of market infrastructure, today announced a strategic expansion of its Middle East operations with the opening of a new office in the Dubai International Financial Centre (DIFC). The new facility, three times larger than the existing space,...
Muinmos expands into MENA hiring Plugit exec Nadeem Sa’adeh
Client onboarding platform provider Muinmos has announced that it is expanding its footprint into the Middle Eastת with the appointment of Nadeem Sa’adeh as Regional Business Development Director. Based in the region, Nadeem Sa’adeh is the RegTech firm’s first hire in...
MAS fines JPMorgan Chase Bank $2.4M for misconduct by its relationship managers
The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $2.4 million on JPMorgan Chase Bank, N.A. (JPM), for failing to prevent and detect misconduct committed by its relationship managers (RMs). In 24 over-the-counter (OTC) bond transactions, the RMs...
Rakuten Group completes partial share transfer in Rakuten Card to Mizuho Financial
Rakuten Group has completed the transfer of 14.99% of its common shares in Rakuten Card Co., Ltd. to Mizuho Financial Group, Inc. The transfer was completed on December 1, 2024. Additionally, effective December 1, 2024, Rakuten Insurance Holdings Co., Ltd., which had...
Exclusive: Advanced Markets hires Finalto exec Oksana Remez to head Business Development
FNG Exclusive… FNG has learned that direct market access (DMA) liquidity and tech solutions provider Advanced Markets has hired Oksana Remez as Head of Business Development in the UK. Based in London, Oksana will lead the company’s global sales strategy, driving...
Argo Blockchain raises £4.2M in gross proceeds through subscription for its shares by institution
Cryptocurrency mining company Argo Blockchain plc (LON:ARB) today announced that it has raised gross proceeds of £4.2 million through a subscription for its ordinary shares by an institution. The company will issue 76,900,000 Ordinary Shares at a purchase price of 5.5...
FX week in review: Lightyear CEO, Jabal and MasterFunders launch, Exante in MENA
Who is the new CEO of newly FCA licensed neobroker Lightyear? Who is behind the launch of new Dubai based FX and CFDs focused marketing agency Jabal? Which trading platform is newly launched prop firm MasterFunders going with? Where did iSAM Hong Kong office head Phil...
Beeks Group names Matt Pilkington its Head of Sales, EMEA
Beeks Group today announced that Matt Pilkington has joined the company as Head of Sales for the EMEA region. Matt Pilkington With over a decade of experience in information technology and capital markets, Mr Pilkington brings extensive expertise in managed...
Gold Prices Rise Amid Weakening US Dollar and Geopolitical Tensions :: InvestMacro
By RoboForex Analytical Department Gold prices have risen for four consecutive days, reaching 2,660 USD per troy ounce by Friday. The upward movement in Gold prices is primarily driven by the weakening of the US dollar and heightened geopolitical tensions. The current...
Vanessa Lau to become sole HKEX COO
Hong Kong Exchanges and Clearing Limited (HKEX) today announced a number of senior management changes, which will take effect from January 1, 2025. Wilfred Yiu, Deputy Chief Executive Officer, Co-Chief Operating Officer and Co-Head of Markets, will retire at the end...
Dubai’s Virtual Assets Regulatory Authority warns against Koto Crypto
The Virtual Assets Regulatory Authority (VARA) of Dubai today issued an alert in relation to Koto Crypto DMCC (commercially conducting transactions as “Koto Crypto”), a company using the domain name and claiming to be registered in the Emirate of Dubai. The platform...
Italy’s CONSOB orders blocking of websites of Financial Magnum, Fidus Invest
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to four new websites that offer financial services illegally. The websites targeted by the latest orders are: “GOMARKETSLTD.net” (website https://gomarketsltd.net and related page...
ASIC cancels licence of RPD Group Advice
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services (AFS) licence of RPD Group Advice Pty Ltd. The cancellation follows a payment of compensation by the Compensation Scheme of Last Resort (CSLR). On 12 July 2024,...
iSAM/Sucden alum Phil Kim joins ACY Connect to head Institutional Sales Asia
Australia based Retail FX and CFDs broker ACY Securities has announced the appointment of Phil Kim as Director of Institutional Sales, Asia, for its institutional arm, ACY Connect. Based in Hong Kong, Phil will play a pivotal role in expanding ACY Connect’s business...
TradingView introduces Bollinger Bars – FX News Group
Continuing its work with John Bollinger, TradingView is introducing Bollinger Bars — a fresh approach to charting that transforms candle bars. In John Bollinger’s own words, it represents an “exclusive marriage of western bars and candlesticks encoded in color”,...
US Govt seeks to intervene in CFTC lawsuit against Nomura trader
The US Government seeks to intervene in a lawsuit brought by the Commodity Futures Trading Commission (CFTC) against John Patrick Gorman III, former U.S. dollar swaps trader and managing director of Nomura. The relevant motion was filed on November 26, 2024, at the...
Public health surveillance, from social media to sewage, spots disease outbreaks early to stop them fast :: InvestMacro
By John Duah, Auburn University A cluster of people talking on social media about their mysterious rashes. A sudden die-off of birds at a nature preserve. A big bump in patients showing up to a city’s hospital emergency rooms.These are the kinds of events that public...
24 Exchange gets SEC nod for its new round-the-clock securities exchange 24X
Bermuda domiciled OTC product trading platform 24 Exchange has announced that it has received approval from the U.S. Securities and Exchange Commission (SEC) to operate 24X National Exchange as the first national securities exchange in the U.S. that allows trading of...
Cyprus-based prop firm MasterFunders launches using Leverate’s SiRiX trading platform
MasterFunders, a Cyprus-based proprietary trading firm, has officially launched, introducing a “New Era” approach to prop trading. With its innovative strategies, trader-centric philosophy, and cutting-edge technology, including Leverate’s SiRiX trading platform,...
Binance TH secures ISO 27001 and ISO 27701 certifications
Binance TH, a joint venture between Binance’s subsidiary and Gulf Edge Co. Ltd., has earned ISO 27001 and ISO 27701 certifications. This achievement underscores the company’s commitment to delivering a trustworthy, safe, and secure platform for Thai users in adherence...
FINRA fines tastytrade for alleged rule violations
tastytrade, Inc. has agreed to pay a fine of $30,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA) From July 2021 through July 2023, tastytrade failed to establish, maintain, and enforce a supervisory system, including written...
SIX appoints Bjørn Sibbern as CEO
The Board of Directors of SIX has appointed Bjørn Sibbern as new CEO effective 1 January 2025. Bjørn Sibbern will succeed Jos Dijsselhof, who will step down to pursue a new professional opportunity in the Middle East after seven years with SIX. Since the beginning of...
Alecta to use FlexTRADER EMS to handle equities and derivatives execution
FlexTrade Systems, a provider of multi-asset execution and order management systems, and Alecta, the fifth-biggest occupational pension company in Europe, today announced that Alecta is live and in production using FlexTRADER EMS for equities and derivatives trading....
StoneX Financial granted General Clearing Member status by European Commodity Clearing
StoneX Group Inc. (NASDAQ:SNEX) today announced that its wholly owned subsidiary, StoneX Financial Limited, has been awarded General Clearing Member (GCM) status by European Commodity Clearing AG (ECC). This achievement underscores StoneX Financial’s commitment to...
UBS selects Clearstream for fund distribution support for former Credit Suisse business
UBS has chosen Clearstream to consolidate all its fund distribution support-related activities from the former Credit Suisse (CS) business. UBS will align the full range of services around distribution support of the former CS business via Clearstream’s Fund Centre...
One Trading hires Accenture exec Steven Harper as CSO
One Trading, a regulated European crypto-asset exchange, has announced that is has welcomed Steven Harper as the company’s new Chief Security Officer (CSO). With a career spanning over 25 years in software development and security, Steven joins One Trading at a...
EUR/USD Steady Ahead of Major US Data Releases :: InvestMacro
By RoboForex Analytical DepartmentEUR/USD remains stable at around 1.0483 as markets digest the implications of the latest FOMC minutes. The Federal Reserve signalled a potential pause in rate cuts if inflation reaccelerates but also indicated readiness to continue...
SEC updates list of unregistered entities that use misleading information
The Securities and Exchange Commission (SEC) today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 14 soliciting entities, two impersonators of genuine firms, and four bogus...
As expected, the RBNZ cut the rate by 0.5%. Australia’s inflation rate remained at its lowest level since the summer of 2021 :: InvestMacro
At the end of Tuesday, the Dow Jones Index (US30) added 0.28%. The S&P 500 Index (US500) was up 0.57%. The Nasdaq Technology Index (US100) increased by 0.57%.Federal Reserve officials expressed optimism that inflation is falling and the labor market remains...
CME Group and CF Benchmarks to launch additional cryptocurrency pricing product
Effective Monday, December 9, shortly after 10 a.m. London time, pending completion of all regulatory review periods, CME Group and CF Benchmarks will launch an additional cryptocurrency pricing product designed to provide clients with transparent, robust, reliable...
Donor-advised funds are drawing a lot of assets besides cash – taking a bigger bite out of tax revenue than other kinds of charitable giving :: InvestMacro
By Brian Mittendorf, The Ohio State University Donor-advised funds, or DAFs, are financial accounts funded by donors to support future charitable work. This kind of giving differs greatly from charitable giving as a whole because it’s much more likely to involve...
CySEC withdraws license of IFCM Cyprus Ltd
The Cyprus Securities and Exchange Commission (CySEC) today announced the withdrawal of the Cyprus investment firm (CIF) license of IFCM Cyprus Ltd. The withdrawal is in line with section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of...
CySEC reaches €50k settlement with Alvexo operator VPR Safe Financial Group
The Cyprus Securities and Exchange Commission (CySEC) today announced a settlement has been reached with Cyprus investment firm VPR Safe Financial Group Ltd, operator of the Alvexo brand. The settlement concerns possible violations of the Investment Services and...
Société Générale goes live on CLS’s cross currency swaps service
Société Générale has gone live on CLS’s cross currency swaps service. CCS trades have significant settlement risk exposure due to the high value of the initial and final principal exchanges. In addition, settling these trades on a gross bilateral basis results in...
FCA fines former Wizz Air chief supply chain officer for trading during closed periods
The UK Financial Conduct Authority (FCA) has fined András Sebők, former chief supply chain officer at Wizz Air Holdings plc, £123,500 for trading company shares when he wasn’t permitted to, and failing to disclose his trades. Mr Sebők carried out the trades in his...
FINRA imposes $750k fine on Moomoo Financial
Moomoo Financial Inc., formerly known as Futu Inc, has agreed to pay a fine of $750,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From January 2020 through the present, Moomoo Financial paid individuals with followings on...
Standard Chartered explores sale of small number of businesses
Standard Chartered PLC today announced the first in a small number of potential business exits to fund incremental investment in its leading wealth management business. This aligns with the refreshed strategic priorities shared in the Group’s third quarter 2024...
NAGA adds UAE and Saudi Arabian stocks to its trading platform
Leading social trading focused online broker NAGA Group, authorized and regulated by the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority, has announced the addition of UAE and Saudi Arabian stocks to our trading platform. The company said that...
Hantec Markets reports 32% trading volumes growth in Q3-2024
Retail FX and CFDs broker Hantec Markets has announced what the company calls impressive growth across multiple performance indicators from Q2 to Q3 2024, showcasing the dynamic expansion of its platform and the growing engagement of its trading community. Key metrics...
SIX invests in OpenBrick – FX News Group
BME, a SIX company, today announced its investment in OpenBrick, a digital platform for the issuance, management, trading and settlement of tokenized securities linked to real estate projects. The company, founded by Grupo Lar, Renta 4 Banco and ioBuilders, welcomes...
Sumsub integrates Elliptic’s blockchain analytics to enhance crypto wallet screenings
Sumsub, a full-cycle verification platform, has announced its integration with Elliptic, a provider of cryptoasset risk management services. This partnership enhances Sumsub’s Crypto Transaction Monitoring and Travel Rule solutions, offering global clients enhanced...
German regulator warns of Pepperstone clone
The German Federal Financial Supervisory Authority (BaFin) has issued a warning against a clone of retail FX and CFD broker Pepperstone. BaFin warns consumers against offers made via the website pepperstone.life. According to information available to BaFin, financial...
Exante expands to MENA with Dubai DIFC licensed rep office
CySEC licensed Retail FX and CFDs broker Exante has announced that it has opened a new office in the Dubai International Financial Centre (DIFC). Exante’s Cyprus based, CySEC licensed entity EXT Ltd has received a license (DFSA Reference Number: F007837) as a Non-DIFC...
Trump plans to raise tariffs by 10% on goods from China and 25% on goods from Mexico and Canada :: InvestMacro
At Monday’s close, the Dow Jones Index (US30) increased by 0.99%. The S&P 500 Index (US500) was up 0.30%. The Nasdaq Technology Index (US100) was up 0.14%. The Dow Jones Industrials set a new all-time high, and the Nasdaq 100 set a weekly high. Stocks rose on...
Netcapital receives FINRA approval for broker-dealer license
Netcapital Inc. (NASDAQ:NCP), a digital private capital markets ecosystem, today announced that its wholly-owned subsidiary, Netcapital Securities Inc. (NSI), has received approval from the Financial Industry Regulatory Authority (FINRA) to become an FINRA-member...
Svalbard Global Seed Vault evokes epic imagery and controversy because of the symbolic value of seeds :: InvestMacro
By Adriana Craciun, Boston University Two-thirds of the world’s food comes today from just nine plants: sugar cane, maize (corn), rice, wheat, potatoes, soybeans, oil-palm fruit, sugar beet and cassava. In the past, farmers grew tens of thousands of crop varieties...
SIX welcomes Robeco as its newest ETF issuer
SIX welcomes Robeco today as the newest issuer with four actively managed ETFs in two trading currencies each. This increases the number of ETF issuers on SIX Swiss Exchange to 28 and the total number of tradable ETF products to 1,863. The four newly listed active...
NZD/USD Hits Yearly Low Amid US Dollar Strength :: InvestMacro
By RoboForex Analytical DepartmentThe NZD/USD pair has experienced a significant decline, touching a low of 0.5841 and reaching a yearly trough of 0.5796. The primary pressure comes from a robust US dollar, bolstered by anticipations of a more stringent tariff regime...
FCA research shows 12% of UK adults now own crypto
The UK Financial Conduct Authority (FCA) has published its latest research on consumer attitudes and behaviours towards crypto. The research shows that 12% of UK adults now own crypto, up from 10% in previous findings. Awareness of crypto also rose from 91% to 93%....
Robinhood Crypto launches Ethereum Staking for EU customers
US neobroker Robinhood (NASDAQ:HOOD) has announced the launch of Ethereum (ETH) staking at its Robinhood Crypto unit, enabling European customers to seamlessly earn rewards on their ETH holdings. For a limited time, Robinhood Crypto said it is offering a 100% match on...
MAS issues 14-year prohibition orders against former rep of United Overseas Bank Limited
The Monetary Authority of Singapore (MAS) has issued 14-year prohibition orders (POs) against Mr Loh Sheng Yang, a former representative of United Overseas Bank Limited (UOB). This follows his conviction in the State Courts for cheating, forgery and acquiring benefits...
FCA fines MBL £13M for control deficiencies allowing trader to conceal over 400 fictitious trades
The UK Financial Conduct Authority (FCA) has fined Macquarie Bank Limited – London Branch (MBL) £13 million for serious failings that allowed one of its employees to record over 400 fictitious trades. From June 2020 to February 2022, Travis Klein, a trader based on...
Proposed sale of First Derivative to EPAM on track to complete on Dec 2, 2024
FD Technologies (LON:FDP) today announced that the proposed sale of First Derivative to EPAM is on track to complete on 2 December. This follows an announcement on 14 November that all closing conditions had been satisfied. EPAM is a global professional services...
Broadridge’s LTX partners with TransFICC
LTX, an AI-powered fixed income trading platform backed by global Fintech leader, Broadridge Financial Solutions Inc. (NYSE:BR), today announced its strategic partnership with TransFICC, a leading provider of e-trading technology for fixed income markets. This...
Wander Rutgers replaces Martin Sokk as CEO as neobroker Lightyear gets FCA license
FNG has learned that UK neobroker startup Lightyear has made a change in its management C-Suite, as the company has received a UK FCA license and gears up to compete in the increasingly crowded UK online trading and investment products market. Lightyear has named its...
Capitolis raises $20M from Citi, Morgan Stanley, State Street, UBS
Institutional trading optimization company Capitolis has announced new strategic investments totaling $20 million from four leading global banks. The new round is led by Citi and includes State Street, both existing investors in Capitolis, as well as new investors...
SEC charges Fair Invest and Khalid Parekh for misconduct in $18.5M securities offering
The Securities and Exchange Commission (SEC) today announced settled charges against Texas-based investment adviser Fair Invest, LLC and its sole officer and managing member, Khalid Parekh, for making false statements and engaging in other wrongdoing in a securities...
Nuclear rockets could travel to Mars in half the time − but designing the reactors that would power them isn’t easy :: InvestMacro
By Dan Kotlyar, Georgia Institute of Technology NASA plans to send crewed missions to Mars over the next decade – but the 140 million-mile (225 million-kilometer) journey to the red planet could take several months to years round trip.This relatively long transit time...
Exclusive: Fullerton Markets exec Rainer Phua joins TMGM to run Liquidity
FNG Exclusive… FNG has learned that Australia based Retail FX and CFDs broker TMGM has hired longtime Fullerton Markets executive Rainer Phua, to become Head of Liquidity Management for TMGM. He will continue to be based out of Singapore for TMGM. Rainer Phua spent...
“Trump trades” and geopolitics are the key factors driving market activity :: InvestMacro
At Friday’s close, the Dow Jones Index (US30) was up 0.97% (week-to-date +1.99%). The S&P 500 Index (US500) gained 0.35% (week-to-date +1.62%). The Nasdaq Technology Index (US100) was up 0.17% (week-to-date +1.59%). Investor rotation from technology sectors to...
Cboe Clear Europe obtains regulatory approval to clear European SFTs
Cboe Clear Europe, a pan-European clearing house, today announced that it has received regulatory approval to clear European Securities Financing Transactions (SFTs). This was granted by De Nederlandsche Bank (DNB) and the Autoriteit Financiële Markten (AFM). With...
Fast fashion may seem cheap, but it’s taking a costly toll on the planet − and on millions of young customers :: InvestMacro
By Paula M. Carbone, University of Southern California Fast fashion is everywhere – in just about every mall, in the feeds of influencers on social media promoting overconsumption, and in ads constantly popping up online.Its focus on the continual production of new...
dxFeed partners with hybrid trading platform Tickblaze
dxFeed, a market data solutions and index management provider for the global financial industry, announced a partnership with Tickblaze, a hybrid trading platform, giving traders seamless access to markets and liquidity. By joining forces, the firms simplify global...
EUR/USD Amid Slowing European Economy :: InvestMacro
By RoboForex Analytical Department EUR/USD encountered significant pressure, testing a low of 1.0331 before rebounding to 1.0476, as market concerns mount over the potential economic slowdown in Europe and aggressive rate cuts by the European Central Bank (ECB).Recent...
TradeStation introduces new Options Chain features in mobile app
TradeStation has released a new version of its Trade & Invest mobile app for iOS-based devices. The latest release of the app introduces new Options Chain features. The options chain has been enhanced with a bunch of new features, including a new expiration row,...
Binance to extend Self-Trade Prevention function to all Binance Futures users
Binance will be making the Self-Trade Prevention (STP) function mandatory for all users on Binance Futures from December 10, 2024. With this update, the self-trade prevention function will be available to all users across Spot, Margin, and Futures trading on the...
Spotware completes cTrader 5.0 rollout on all platforms with major updates to Algo Trading
Leading trading technology firm Spotware has announced that it has finalized the rollout of its cTrader 5.0 trading platform, now available to all cTrader brokers and prop firms. The company said that the update for Windows, Web, and Mobile delivers a new level of...
Exclusive: Uveler hires Exness alum Katarzyna Zakrzewska to head Performance Marketing
FNG Exclusive… FNG has learned that Cyprus based, CFDs-industry focused marketing agency Uveler Marketing has hired Katarzyna Zakrzewska as Head of Performance Marketing. The company noted to FNG that with an impressive track record at industry leaders like Exness,...
FCA imposes £40M fine on Barclays
The UK Financial Conduct Authority (FCA) has fined Barclays £40 million in total for its failure to disclose certain arrangements with Qatari entities in 2008. This follows Barclays’ decision to withdraw its referral of the FCA’s planned action to the Upper Tribunal....
GCEX extends partnership with Hex Trust for enhanced crypto asset protection
Copenhagen and London based digital assets prime brokerage GCEX Group has announced that it has extended its partnership with Hex Trust, a leading fully-licensed provider of digital asset custody, staking and markets services, to include a Secured Accounts service....
ZA Bank starts offering crypto trading services directly to retail users
Hong Kong’s digital bank ZA Bank has started offering cryptocurrency trading services directly to retail users. Through the ZA Bank app, users can now seamlessly trade top cryptocurrencies in HKD and USD (this platform currently supports trading services exclusively...
Paulson Investment Company gets a slap on the wrist for alleged FINRA rule violations
Paulson Investment Company LLC has agreed to pay a fine of $40,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From December 2020 to November 2021, Paulson failed to establish, maintain, and enforce a supervisory system,...
USD Index Bets continue divergence, Speculators cut their Euro bets :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 19th and shows a quick view of how large market...
FX week in review: INFINOX acquired, UFC Asia partner, Skilling CEO, NinjaTrader AML issues
Who acquired control of leading Retail FX and CFDs broker INFINOX? Which online broker has become the Official Partner of UFC in Asia? Who was named as the new CEO at Skilling? What anti-money laundering troubles have befallen NinjaTrader and its President Michael...
Speculator Changes led by S&P500 & Nasdaq Minis :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 19th and shows a quick view of how large traders...
Speculator Bets led lower by Soybean Oil, Soybean Meal & Cotton :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 19th and shows a quick view of how large...
Weekly Speculator Changes led by Platinum :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 19th and shows a quick view of how large traders...
Ultra T-Bonds, AUD, 5-Year & USD Index lead Bullish & Bearish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on November 19th.This weekly Extreme Positions report highlights the Most Bullish and Most...
Speculator Bets led lower by 5-Year & 10-Year Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 19th and shows a quick view of how large...
CMC Markets issues statement on StrikeX investment
CMC Markets plc (LON:CMCX), one of the world’s leading online financial trading businesses, today issued a statement on StrikeX investment. CMC Markets CEO, Lord Peter Cruddas, commented: “At CMC Markets, we are proud to partner with StrikeX, a dynamic and innovative...
SEC charges Webull Financial, Lightspeed Financial Services, and Paulson Investment Company with filing deficient SARs
The Securities and Exchange Commission (SEC) today announced that broker-dealers Webull Financial LLC, Lightspeed Financial Services Group LLC, and Paulson Investment Company, LLC have agreed to settle charges that they filed with law enforcement suspicious activity...
Digital payments app Wero to become available for Postbank customers
Postbank customers will be able to link the Wero app to their account from Monday, November 25. This allows account-to-account payments within Europe where the sender and recipient have an account with a participating bank. The European Payment Initiative announced...
Cboe to launch cash-settled index options related to spot Bitcoin
Derivatives and securities exchange network Cboe Global Markets, Inc today announced plans to launch the first cash-settled index options related to the price of spot Bitcoin beginning Monday, December 2. Exclusively listed and traded on Cboe Options Exchange, these...
UPS to pay $45M penalty to settle SEC charges
The Securities and Exchange Commission (SEC) today announced settled charges against United Parcel Service Inc. for materially misrepresenting its earnings because it failed to follow generally accepted accounting principles (GAAP) in valuing one of its worst...
Bitcoin price is approaching 100,000. Natural gas prices rise due to declining inventories and cold weather :: InvestMacro
At Thursday’s close, the Dow Jones Industrial Average (US30) was up 1.06%. The S&P 500 Index (US500) closed positive 0.53%. The Nasdaq Technology Index (US100) was up 0.36%.The Dollar Index remained above 107, holding near two-year highs, as investors assessed the...
Nadex amends rules for trading members
Nadex has submitted to the Commodity Futures Trading Commission (CFTC) its intent to amend the rules pertaining to trading members. This submission will become effective on December 6, 2024. Nadex will be amending its membership rule in order to include Entities that...
USD/JPY Awaits Potential Stimulus Impact :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair remains stable at approximately 154.30 amid global economic fluctuations and expectations of potential Japanese stimulus measures.Japan’s latest inflation data for October revealed a decline to 2.3%, marking the...
Interactive Brokers adds Summaries widget on Dashboard page in Client Portal
Electronic trading major Interactive Brokers continues to enhance the capabilities of its Client Portal. The brokerage has added a Summaries widget on the Dashboard home page, allowing traders to view a news summary of assets in their portfolio. They may also search...
Companies are still committing to net-zero emissions, even if it’s a bumpy road – here’s what the data show :: InvestMacro
By L. Beril Toktay, Georgia Institute of Technology; Abhinav Shubham, Georgia Institute of Technology; Donghyun (Daniel) Choi, Georgia Institute of Technology, and Manpreet S. Hora, Georgia Institute of TechnologyCompanies around the world are increasingly committed...
Portuguese bank Novobanco integrates Saxo Bank’s multi-asset platform
Copenhagen based Retail FX and CFDs broker Saxo Bank has announced that it has partnered with Novobanco, a major Portuguese full-service bank, to provide Novobanco clients with access to Saxo’s advanced trading platform, delivering a fully digital investment...
New MT5 beta build offers extended OpenBLAS support and general performance optimization
On Friday, November 22, 2024, fintech company MetaQuotes will release a new beta version (build 4695) of the MetaTrader 5 platform. The MQL5 update introduces support for more OpenBLAS library functions, as well as the TransposeConjugate and CompareEqual functions....
Americans face an insurability crisis as climate change worsens disasters – a look at how insurance companies set rates and coverage :: InvestMacro
By Andrew J. Hoffman, University of Michigan Home insurance rates are rising in the United States, not only in Florida, which saw tens of billions of dollars in losses from hurricanes Helene and Milton, but across the country.According to S&P Global Market...
HKEX appoints Group Chief Sustainability Officer and Group Chief Communications Officer
Hong Kong Exchanges and Clearing Limited (HKEX) today announced the appointments of Mr Paul Chow as Group Chief Sustainability Officer, and Mr Jeffrey Ng as Group Chief Communications Officer. In this newly-created role, Mr Chow will be responsible for driving the...
Can AI chatbots boost human creativity? :: InvestMacro
By Jaeyeon Chung, Rice University Think back to a time when you needed a quick answer, maybe for a recipe or a DIY project. A few years ago, most people’s first instinct was to “Google it.” Today, however, many people are more likely to reach for ChatGPT, OpenAI’s...
Gary Gensler set to leave SEC on January 20
The Securities and Exchange Commission (SEC) today announced that its 33rd Chair, Gary Gensler, will step down from the Commission effective at 12:00 pm on January 20, 2025. Chair Gensler began his tenure on April 17, 2021, in the immediate aftermath of the GameStop...
Italy’s CONSOB issues orders for blocking of access to five unauthorised investment websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to five new websites that offer financial services illegally. The websites targeted by the latest orders are: “2139 Exchange” (website https://2139q.com); Macan Holdings Ltd (website...
CMC Markets shares tumble 13% after 1H-2025 results and outlook disappoint
Shares of London based online trading provider CMC Markets (LON:CMCX) are taking a tumble on Thursday, after the company released earlier today its results for the first half of fiscal year 2025, i.e. the six month period from April-to-September 2024. At the time of...
FCA uncovers another clone of Admiral Markets
The UK Financial Conduct Authority (FCA) today issued a warning against a clone of Admiral Markets. Clones are unauthorised entities that claim to be authorised by abusing the data – name, address, logo, etc. – of authorised firms. Despite their superficial...
RBNZ may cut the rate by 0.75% next week. NVDA report did not meet investors’ expectations :: InvestMacro
At Wednesday’s end, the Dow Jones Index (US30) rose by 0.32%. The S&P 500 Index (US500) closed at the opening price. The Nasdaq Technology Index (US100) declined 0.08%.Nvidia (NVDA) reported fiscal third-quarter results that beat Wall Street estimates, but its...
Bullish Exchange to join CME CF Cryptocurrency Indices
On Monday, December 30, at 0600 Coordinated Universal Time (UTC), Bullish Exchange market data will be included in the CME CF Bitcoin Reference Rates (BRR, BRRNY, BRRAP) and Real-Time Index (BRTI). The CME CF Reference Rates are used to settle CME Group Cryptocurrency...
NZD/USD Under Pressure Amidst USD Strength :: InvestMacro
By RoboForex Analytical DepartmentThe NZD/USD pair is trading near 0.5879, experiencing volatility as the market awaits the upcoming Reserve Bank of New Zealand (RBNZ) meeting. Expectations are leaning towards a significant rate cut, with a 50-basis-point reduction...
LiquidityBook completes SOC 1 Type 1 and SOC 2 Type 1 audits
LiquidityBook, a provider of cloud-native buy- and sell-side trading solutions, announced today that it has obtained System and Organization Controls 1 (SOC 1) Type 1 and System and Organization Controls 2 (SOC 2) Type 1 attestations in accordance with guidelines from...
SEC charges Touzi Capital in connection with $115M securities offering fraud
The Securities and Exchange Commission (SEC) has filed a lawsuit against Eng Taing and the entity he controls, Touzi Capital, LLC. This civil enforcement action concerns a $115 million securities offering fraud by Taing and Touzi Capital. When pitching these...
Irish c-bank takes enforcement action against BlueSnap Payment Services Ireland Limited
The Central Bank of Ireland has fined BlueSnap Payment Services Ireland Limited €324,240 for breaching requirements of the European Union (Payment Services) Regulations 2018 (the PSR 2018) between January 2021 and December 2022. BlueSnap was authorised by the Central...
Worldline signs contract with GarantiBBVA International to implement its cloud-based instant payments solution
Payment services provider Worldline has signed a contract with GarantiBBVA International N.V. to implement its cloud-based instant payments solution. This multi-year agreement will empower GarantiBBVA International to seamlessly comply with the latest regulatory...
Public.com makes margin investing available to its clients
Public.com has announced that margin investing is now available on Public. Members can increase their buying power with a transparent margin experience designed to keep them informed at every step. To invest on margin, Public members can use the stocks and bonds in...
SFC issues notices to Interactive Brokers, SBI, Monmonkey, Soochow to freeze certain client accounts
The Securities and Futures Commission (SFC) of Hong Kong has issued restriction notices to four brokers, prohibiting them from dealing with or processing certain assets held in their client accounts for suspected market manipulation or fraud involving unauthorised...
Euroclear appoints Nils Jean-Mairet as group CFO
Euroclear today announced the appointment of Nils Jean-Mairet as Chief Financial Officer (CFO), effective from 1 December. The move completes the composition of the group’s new Executive Committee. Mr Jean-Mairet joins Euroclear from McKinsey & Company where he...
Introducing broker XFA fined $400K by NFA for various violations
US regulatory body National Futures Association (NFA), the self-regulatory organization for the US derivatives industry, has ordered X-Change Financial Access LLC (XFA) to pay a $400,000 fine. XFA is an NFA Member introducing broker located in Chicago, Illinois, owned...
CMC Markets registers 45% Y/Y increase in operating income in H1 FY25
UK online trading house CMC Markets Plc (LON:CMCX) today reported its interim results for the half year ended 30 September 2024. Net operating income for the six months to end-September 2024 was £177.4 million, up 45% year-on-year (H1 2024: £122.6 million), reflecting...
Exclusive: INFINOX sold to investor group led by Marc Joppeck
FNG Exclusive… FNG has learned that leading FX and CFDs broker INFINOX has been acquired by an investor group, led by experienced industry executive Marc Joppeck. Marc Joppeck, who is based in Frankfurt, previously held key leadership roles at StoneX, including Head...
AUD/USD Consolidates After Recent Gains :: InvestMacro
By RoboForex Analytical DepartmentThe Australian dollar against the US dollar is currently experiencing a pause in its recent upward trajectory, stabilising around 0.6525 on the H4 chart. After three sessions of gains, the currency pair is undergoing a period of...
Webull to enrich its crypto futures offering with Coinbase Derivatives
Webull, a digital investment platform, today announced the expansion of its crypto futures offering with Coinbase Derivatives, LLC, a futures exchange registered with the Commodity Futures Trading Commission (CFTC). Webull clients in the U.S. will be able to trade...
The PBoC kept interest rates. The escalating war between Ukraine and Russia is negatively affecting investor sentiment :: InvestMacro
The Dow Jones Index (US30) fell by 0.28% on Tuesday. The S&P500 Index (US500) was up 0.40%, and the Nasdaq Technology Index (US100) rose by 0.71%. The escalating Ukraine-Russia war caused a de-risking of stock markets and liquidation of equities. Investors sought...
Spreadex revenues top £100 million in 2024, up 16%
St Albans, Hertfordshire based financial spread betting and sports betting firm Spreadex has released its results for fiscal year 2024 (May 31 year end), indicating further growth at the company for the fourth consecutive year, resulting in record Revenues and Profits...
USDJPY bulls venture into intervention zone :: InvestMacro
USDJPY less than 4% from multi-decade topYen worst performing G10 currency vs USD this weekRallied over 10% from September 2024 lowBloomberg medium forecast for intervention at 160.00Bloomberg FX model: USDJPY has 72% of trading within 153.46 – 157.95 over 1-week...
Exclusive: Doo Group buys licensed Indonesian broker Prima Tangguharta Futures
FNG Exclusive… FNG has learned that Singapore based online brokerage firm Doo Group has expanded to yet another country, acquiring PT Prima Tangguharta Futures, a small MT5-based Indonesia based broker. Prima Tangguharta Futures, operating out of Jakarta, was...
CME Group, LPGA announce two-year extension of CME Group Tour Championship
The Ladies Professional Golf Association (LPGA) and international derivatives marketplace CME Group today announced an extension of the CME Group Tour Championship and the season-long Race to the CME Globe through 2027. Since assuming title sponsorship of the LPGA...
OTC Markets Group launches overnight trading platform for NMS securities MOON ATS
OTC Markets Group Inc, an operator of regulated financial markets for over 12,000 U.S. and global securities, announced the official launch of MOON ATS, following the completion of the SEC filing process. MOON will offer access to National Market System (NMS)...
Valereum joins Apex segment of Aquis Stock Exchange
Valereum Plc, a fintech company seeking to unlock capital and create value in tokenised digital markets, is joining the Apex segment of the Aquis Stock Exchange (AQSE) with effect from market open today, 20 November 2024. Nick Cowan, Valereum’s CEO, commented: “We are...
Nomura issues statement on indictment of former employee
Today a former employee of Nomura Securities was formally charged by the Hiroshima Prefecture police on suspicion of robbery, attempted murder, and arson of an inhabited building. Nomura stated: “We would like to express our heartfelt sympathy and apologize to our...
SEC accuses Coinbase of hindering discovery process
The Securities and Exchange Commission (SEC) and Coinbase have clashed over discovery in a lawsuit brought by the US regulator. Let’s recall that the SEC filed charges against Coinbase in June 2023. The regulator accused Coinbase of operating its crypto asset trading...
Interactive Brokers launches Plan d’Epargne en Actions accounts
Electronic trading major Interactive Brokers Group Inc (NASDAQ:IBKR) today announced the launch of Plan d’Epargne en Actions accounts. These accounts offer favorable tax exemptions, making them attractive savings vehicles for eligible French clients. PEA accounts...
HK regulator suspends former rep of Yuanta Securities for 26 months
Hong Kong’s Securities and Futures Commission (SFC) has suspended the licence of Mr Wang Shian-tang, a former licensed representative of Yuanta Securities (Hong Kong) Limited for 26 months from 20 November 2024 to 19 January 2027. The SFC’s investigation found that...
NinjaTrader and President Michael Cavanaugh charged with serious AML deficiencies
The US National Futures Association (NFA) has announced that it has issued a Complaint against NinjaTrader Clearing LLC and its longtime President Michael Cavanaugh. The Complaint charges NinjaTrader with failing to implement an adequate anti-money laundering (AML)...
CySEC withdraws license of Arumpro Capital
The Cyprus Securities and Exchange Commission (CySEC) today announced the withdrawal of the Cyprus investment firm (CIF) license of Arumpro Capital Ltd. The decision was made at a CySEC meeting held on November 11, 2024. The withdrawal is in accordance with section...
TradingView announces expansion of Webull integration in Japan
TradingView today announced the expansion of Webull integration in Japan. TradingView is welcoming local users to take advantage of the low-cost trading across U.S. and Japanese securities. Founded in 2017, Webull operates in 15 geographic regions, and provides retail...
CQG to offer access to products on MIAX Futures Exchange Onyx trading platform
CQG, a global provider of high-performance technology solutions for market makers, traders, brokers, commercial hedgers and exchanges, today announced that it will offer day-one access to MIAX Futures Exchange in connection with the planned launch of the exchange’s...
Robinhood to acquire TradePMR for $300M
Robinhood Markets, Inc. has entered into an agreement to acquire TradePMR, a custodial and portfolio management platform for Registered Investment Advisors (RIAs). Final deal consideration is expected to be approximately $300 million, subject to customary purchase...
Gold Rebounds Amid USD Weakness and Geopolitical Uncertainties :: InvestMacro
By RoboForex Analytical Department Gold prices rebounded, crossing 2,620 USD per troy ounce on Tuesday, as the US dollar weakened, and investors sought clarity on the Federal Reserve’s monetary policy direction. The likelihood of a Fed rate cut in December currently...
Equinix unveils plans for its latest data center in Singapore
Digital infrastructure platform Equinix, Inc. (NASDAQ:EQIX) today announced plans for its latest data center in Singapore. With an initial investment of US$260 million, the new facility–named SG6–will be Equinix’s sixth International Business Exchange (IBX) data...
The RBA will maintain a restrictive monetary policy until the end of the year. :: InvestMacro
At the end of Monday, the Dow Jones Index (US30) fell by 0.13%. The S&P 500 (US500) was up 0.39%. The Nasdaq Technology Index (US100) was up 0.71%. The US stock indices changed a little as investors await key earnings reports this week, including Nvidia (NVDA) and...
Paxos to acquire Finland-based electronic money institution Membrane Finance
Blockchain and tokenization infrastructure platform Paxos has agreed to acquire Membrane Finance, an Electronic Money Institution (EMI) based and licensed in Finland. The acquisition is subject to regulatory approval. Upon completion of the acquisition, Paxos will be...
Safe-haven assets rally on nuclear concerns :: InvestMacro
By ForexTime Gold ↑ 0.9% on risk-off sentimentJPY best performing G10 currency vs USD todaySwiss franc second best performerUSDInd steady around 106.40Risk assets take hit, US futures point to ↓ openInvestors rushed toward safer assets on Tuesday as fresh concern over...
Trading Technologies to offer clients access to Cboe equity index options
Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, announced today that it will soon offer clients access to Cboe equity index options, giving TT clients access to the rapidly growing equity options trading space....
CySEC withdraws CIF license of Greenpost Trading Europe
The Cyprus Securities and Exchange Commission (CySEC) today announced the withdrawal of the Cyprus investment firm (CIF) license of Greenpost Trading Europe Ltd. The decision was made at a CySEC meeting held on November 4, 2024. The license withdrawal is in accordance...
Lightspeed launches new API trading solution Lightspeed Connect
Lightspeed Financial Services Group LLC, a broker for active and professional traders, today announced the launch of its new API trading solution, Lightspeed Connect. Lightspeed Connect allows retail and professional clients the opportunity to automate trading...
Exclusive: Kate Rutkovskaya rejoins Your Bourse to head Business Development
FNG Exclusive… FNG has learned that former Your Bourse COO Kate Rutkovskaya has returned to the FX and CFDs business following a two year hiatus, rejoining Your Bourse as Global Head of Business Development. Kate Rutkovskaya served as COO of MT4 and MT5 broker tech...
Glenn Collinson to step down as Chair and Director of Aquis
Aquis Exchange PLC announced today that Glenn Collinson has decided to step down as Chair and as Director of Aquis with immediate effect for personal reasons. Glenn Collinson is a member of the Institute of Engineering and Technology and holds an MSc in electronics as...
ATFX integrates Zodia Custody’s institutional-grade crypto custody solution
Leading global online broker ATFX has announced a new partnership with Zodia Custody, a leading institution-first digital asset custodian backed by Standard Chartered, SBI Holdings, Northern Trust and National Australia Bank, to enhance the security and efficiency of...
YourPropFirm adds Devexperts’ DXtrade to its multi-platform offering for Prop Firms
YourPropFirm, a leading provider of prop trading technology, has announced a strategic partnership with Devexperts, the company behind DXtrade. This partnership enables YourPropFirm to offer DXtrade as part of its multi-platform solution, ensuring that clients aren’t...
Nasdaq fines Citi for failing to satisfy its two-sided continuous quoting obligation
Citigroup Global Markets Inc has agreed to pay a fine of $60,000 as a part of a settlement with Nasdaq Stock Market LLC. During the period October 1, 2019, through June 30, 2020, Citi violated Nasdaq Rule 4613(a) for failing to satisfy its two-sided continuous quoting...
Cboe survey reveals interest among European retail investors in utilising exchange-traded options for risk management
Cboe Global Markets today announced the results of its inaugural survey of European retail investors, conducted jointly by Cboe Europe Derivatives (CEDX), Cboe’s pan-European equity derivatives marketplace, and The Options Institute, Cboe’s education arm. Overall, the...
Crypto exchange One Trading employs Solidus Labs compliance and security solutions
One Trading, a regulated European crypto-asset exchange and the EU’s first perpetual futures trading venue, has announced a partnership with Solidus Labs, which provides crypto-native compliance and security solutions. Through this collaboration, One Trading said it...
RoboForex Receives Best Introducing Broker Programme Award :: InvestMacro
RoboForex, which provides brokerage services for trading in global financial markets, has won the “Best Introducing Broker Programme – LatAM” at the prestigious Global Forex Awards – Retail 2024.This accolade recognises the success of the RoboForex Infinity program,...
ESMA proposes EU move to T+1 settlement by October 2027
Pan European financial markets regulator and supervisor The European Securities and Markets Authority (ESMA) has announced that it has published its Final Report providing the assessment of the shortening of the settlement cycle in the European Union (EU). The report...
Revolut adding UK to EU plans to offer stock and CFDs trading
Bloomberg is reporting that neobank giant Revolut has received approval from UK financial regulator The Financial Conduct Authority (FCA) as an investment firm, which will permit it to expand its services from banking and payment services to include stock and CFDs...
Higo Bank adopts DTCC’s ITP services to accelerate post-trade processing
The Depository Trust & Clearing Corporation (DTCC) announced today that Japan’s Higo Bank has adopted DTCC’s ITP services to automate their middle and back office, helping them achieve no touch processing across domestic and cross-border transactions. Higo Bank,...
AUD/USD Stabilises Amid RBA’s Hawkish Outlook :: InvestMacro
By RoboForex Analytical Department AUD/USD is showing signs of stabilisation near 0.6465, marking its second consecutive session of attempts to recover.The Australian dollar finds some support from the hawkish comments made by Reserve Bank of Australia (RBA) Governor...
BitConnect founder has been fugitive for more than three years, SEC confirms
It has been more than three years since the Securities and Exchange Commission (SEC) has filed its action against BitConnect, an online crypto lending platform, and its founder Satish Kumbhani. The SEC has been unable to locate Kumbhani, as confirmed by documents...
The hawkish attitude of FOMC representatives puts pressure on stock indices. Oil is growing amid escalation in Eastern Europe :: InvestMacro
At the end of Friday, the Dow Jones (US30) fell by 0.70% (-1.39% for the week). The S&P 500 Index (US500) was down 1.23% (for the week -2.30%). The Nasdaq Technology Index (US100) was down 2.40% (-3.67% for the week). Wall Street saw a sharp decline on Friday as...
CFTC seeks extension of stay of its action against Precious Commodities and National Coin Broker
The Commodity Futures Trading Commission (CFTC) has provided an update to the status of its lawsuit against Jeffrey Johnson, Kathleen Hook, Precious Commodities Inc., NCB Wholesale Co., Ross Baldwin and National Coin Broker, Inc. As per documents filed with the New...
Making Crypto Trading Attractive for Retail Investors
The following is a guest editorial courtesy of Niki Nikolaou, Business Director at Contentworks Agency. Bitcoin had a dream run in 2024, rising over 102% to reach an all-time high of $89,612.69 on November 12. The recent rally was driven by the outcome of the US...
OANDA extends partnership with TradingView to its OANDA Global Markets division
Multi-asset trading services provider OANDA has announced the extension of an existing partnership with TradingView to its OANDA Global Markets division, allowing mutual clients to trade with OANDA directly from TradingView charts. This milestone completes OANDA’s...
Taskize names Diederik Geeraerts its CEO
Taskize, an investment operations collaboration platform and Euroclear-owned fintech, has announced the appointment of Diederik Geeraerts as Chief Executive Officer. With a combined 20 years’ experience within Euroclear group, Mr Geeraerts brings a wealth of...
Pepperstone becomes the Official Partner of UFC in Asia
Leading Australia based online trading provider Pepperstone has announced a new partnership with UFC, the world’s premier mixed martial arts organisation, to become the Official Partner of UFC in Asia. This strategic collaboration brings together two dynamic forces; a...
ATFX Connect collaborates with Centroid to enhance liquidity and connectivity for Brokers
Global multi-asset liquidity provider ATFX Connect has announced that it has strengthened its collaboration with Centroid Solutions, a leading bridge provider, to enhance market connectivity and liquidity for clients of all sizes. This partnership provides clients...
GMO Internet to receive dividend from surplus from GMO Payment Gateway
GMO Internet Group, Inc. today announced that it will receive a dividend from the surplus from its consolidated subsidiary, GMO Payment Gateway, Inc. The amount of the dividend is JPY 3,865 million. The scheduled date of receipt is December 17, 2024. Upon receipt of...
Italy’s CONSOB warns of financial fraud spreading on WhatsApp
Italy’s Companies and Exchange Commission (CONSOB) today issued a warning of financial fraud spreading on WhatsApp. The widespread messaging system can become a vehicle for illicit offers which, by entering in the smartphones of the undifferentiated public and...
Monex launches open beta version of Monex Web3 ID
Monex Group, Inc. today announced that its new web3 business brand “Monex Web3” launched the open beta version of Monex Web3 ID (“MID”), an ID on the blockchain associated with an individual. MID is easy to use even for those who are not familiar with the blockchain...
Currency Speculators cut US Dollar Index bets despite rising price :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 12th and shows a quick view of how large market...
Speculator Changes led lower by Gold & Platinum :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 12th and shows a quick view of how large traders...
Large Speculator bets led by 2-Year & Ultra Treasury Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 12th and shows a quick view of how large...
FX week in review: Axi, ACY and Crypto.com acquire, oneZero investment, Capital.com CEO change
It was a very busy week of M&A activity in the Retail FX and CFDs brokerage business, with a number of transactions seen involving (mainly) Australia based brokers. But also in the executive news realm there were new CEOs, new CMOs, and several senior management...
Speculator Bets led by MSCI EAFE & VIX :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 12th and shows a quick view of how large traders...
Large Speculator bets led by Corn & Soybean Oil :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 12th and shows a quick view of how large...
Lean Hogs, Ultra T-Bonds, US Dollar & 5-Year lead Bullish & Bearish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on November 12th.This weekly Extreme Positions report highlights the Most Bullish and Most...
Nuvei announces completion of going private transaction
Canadian fintech company Nuvei Corporation (TSX:NVEI) announced today the completion of the previously announced plan of arrangement under the Canada Business Corporations Act pursuant to which Neon Maple Purchaser Inc, an entity formed by Advent International,...
SEC fines Lion Street Financial for violating Regulation Best Interest
The Securities and Exchange Commission (SEC) today announced settled charges against Texas-based broker-dealer Lion Street Financial, LLC for violating Regulation Best Interest. Without admitting or denying the SEC’s findings, Lion Street has agreed to a...
Will Nvidia earnings seal stock’s 200% jump in 2024? :: InvestMacro
By ForexTimeNvidia: world’s largest company with US$3.6 trillion market capShares already soared 196.3% so far this yearEarnings due after US markets close Wed, Nov 20Shares forecasted to move 8% up/down Thur, Nov. 21Nvidia accounts for 15% of total global stock...
The Dollar Index strengthened on Powell’s comments. The Bank of Mexico cut the rate to 10.25% :: InvestMacro
The Dow Jones (US30) decreased by 0.47% on Thursday. The S&P 500 Index (US500) was down 0.60%. The NASDAQ Technology Index (US100) lost 0.66%.On Thursday, Fed Chairman Powell clarified that there was no need for an immediate rate cut, citing the economy’s...
Axi bids AUD $52M to buy Australia low-cost broker SelfWealth
Leading Australia based Retail FX and CFDs broker Axi is looking to expand in its home market, with its parent company AxiCorp Financial Services Pty Ltd making a bid to buy publicly traded SelfWealth Ltd (ASX:SWF), which bills itself as Australia’s most popular...
EURUSD Faces Decline as Fed Signals Firm Stance :: InvestMacro
By RoboForex Analytical DepartmentEURUSD plunged to a six-month low of 1.0543 on Friday amid strong support for the US dollar following the US presidential election and recent comments from Federal Reserve officials.Federal Reserve Chair Jerome Powell’s recent...
Andrew Biggs appointed CEO of Finalto Trading
Finalto Group has announced the promotion of Andrew Biggs to the role of Chief Executive Officer of Finalto Trading. The company sits within Finalto Group and will complement the services provided by industry-leading financial institution Finalto Financial Services....
FCA fines and bans former partners of MedDen Financial Services
Craig Buchan and Martin Cooke, former partners of MedDen Financial Services LLP, have been fined £6,037 and £6,020 (respectively) and banned by the UK Financial Conduct Authority (FCA) for recklessly breaching an asset requirement imposed on the firm. The FCA imposed...
ASX responds to proceedings brought by ASIC over alleged misleading statements
Today ASX Limited filed a Concise Statement in Response to the proceedings brought by the Australian Securities and Investment Commission (ASIC) in the Federal Court on 13 August 2024. ASIC alleges that by making certain statements to the market on 10 February 2022 in...
HKEX partners with Hang Seng Indexes Company to launch Hang Seng HKEX Stock Connect China Enterprises Index
Hong Kong Exchanges and Clearing Limited (HKEX) is collaborating with leading index compiler Hang Seng Indexes Company Limited (HSIL) to jointly launch an index tracking the largest Chinese companies in the Stock Connect universe. The Hang Seng HKEX Stock Connect...
Konsolidator launches new app within Business Central
Today, Konsolidator released a new app that enables users to create a Konsolidator demo account directly within Microsoft Business Central (BC). By using the potential customer’s existing BC data and Konsolidator’s AI account mapping, the customer can create a basic...
HK regulator warns crypto firms misuse word “bank”
The Hong Kong Monetary Authority (HKMA) urges the public to be cautious about certain overseas crypto firms, which are not licensed banks in Hong Kong, making representation in Hong Kong that they are banks or using the word “bank” in the descriptions of their...
Doo Group adds CySEC license to serve the EU CFDs trading market
Singapore based brokerage firm Doo Group has announced that Doo Financial, one of its brands, has been awarded a new license by the Cyprus Securities and Exchange Commission (CySEC), from where the company will be able to serve EU based clients. Doo Financial EMEA...
ACY Securities expands to South Africa acquiring Ingot Brokers SA
Australia based Retail FX and CFDs broker ACY Securities has announced it has successfully acquired Ingot Brokers South Africa. This strategic move marks a significant milestone for the company, as it becomes fully licensed to operate in South Africa under the...
1 in 7 prop firms closed in 2024: Brokeree Solutions shares insights
In preparation for the launch of Prop Pulse, Brokeree Solutions conducted a comprehensive market analysis of 80+ traders’ funding firms in Q1 2024. In Q4, the research was repeated using the same sample and methodology to understand the significant shifts in the prop...
LME Clear proposes to increase clearing members’ minimum net capital requirement
LME Clear today issued a consultation proposing a range of measures aimed to further bolster the resilience, transparency and fairness of its markets. The proposals include an increase to the minimum net capital requirement for members and the introduction of a...
Clear Street launches Equity Research Group
Clear Street, a cloud-native financial technology firm which aims to modernize the brokerage ecosystem, today announced the launch of its Equity Research Group, a strategic initiative aimed at providing in-depth market analysis and investment insights to its growing...
Gold Falls for the Fifth Consecutive Trading Session :: InvestMacro
By RoboForex Analytical Department On Thursday, the price of a troy ounce of Gold is lower, approaching 2,560.00 USD.The current value of Gold is at an eight-week low, influenced by the strong US dollar. The market analyses the latest inflation statistics released in...
CySEC issues warning against several unregulated investment firms
Cyprus Securities and Exchange Commission (CySEC) has issued a warning against a raft of unauthorised investment entities. CySEC informs investors that the following websites do not belong to an entity which has been granted an authorization for the provision of...
Italy’s CONSOB orders blocking of access to seven unauthorised investment websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to seven new websites that offer financial services illegally. The websites targeted by the orders are: “AxiaGroup” (website https://axiagroup.co and related page...
Cypriot regulator confirms ICF membership withdrawal of AMP Global and Citium Wealth
The Cyprus Securities and Exchange Commission (CySEC) today announced that the Investors Compensation Fund (ICF) has withdrawn the ICF membership of AMP Global Ltd and Citium Wealth (CY) Ltd. The loss of ICF membership status does not mean loss of rights of covered...
HKEX implements Severe Weather Trading program
Hong Kong Exchanges and Clearing Limited (HKEX) today announced the successful implementation of its Severe Weather Trading (SWT) programme on the first SWT trading day since the new arrangements took effect. HKEX confirms that all trading, settlement and clearing...
Dukascopy adds AED and SAR to base currencies for trading accounts
Dukascopy Bank is extending the range of base currencies for Trading Accounts (JForex, MT5, Binaries) with the addition of the United Arab Emirates Dirham (AED) and Saudi Arabian Riyal (SAR). Funding in AED and SAR can be done by wire transfer or by using credit or...
Crypto.com buys ASIC licensed CFDs broker Fintek expanding Australia presence
Singapore based crypto exchange operator Crypto.com has taken steps to expand in the Australia markets, announcing the acquisition of Fintek Securities Pty Ltd, an MT5 based CFDs broker that holds an Australia Financial Services License, regulated by the Australian...
Fortrade revenues decline 39% in 2023 to £19.8M
London based Retail FX and CFDs broker Fortrade Limited has released its financial results for 2023, indicating that the company saw a decline on the top line for the first time in four years, although profits were able to keep up. Revenues at Fortrade came in at...
Vietnamese broker DNSE joins list of TradingView partners
TradingView continues to expand its broker ecosystem. Its latest addition is DNSE, a Vietnamese brokerage focused on simplifying investments for local traders. DNSE boasts a strong record as a firm with 17 years of experience, and today, it provides nearly 1 million...
FD Technologies confirms satisfaction of all conditions to complete sale of First Derivative Business
FD Technologies (LON:FDP) today announced that all conditions precedent to completion of the sale of the First Derivative Business to EPAM Systems, Inc have been satisfied. The Divestment is expected to complete on or around 2 December 2024. After customary closing...
Nuvei secures all regulatory approvals for going private transaction
Canadian fintech company Nuvei Corporation (TSX:NVEI) announced today that it has received all regulatory approvals required in connection with the closing of the previously-announced plan of arrangement under the Canada Business Corporations Act involving the Company...
Can Chinese Tech earnings offer relief for Chinese stock indexes? :: InvestMacro
By ForexTime CHINAH, CN50, HK50 falling on fears of heightened US-China trade tensions US president-elect Trump reportedly set to appoint China “hawks” to cabinetCHINAH, CN50, HK50 testing key moving averages as immediate support Relief to arrive from this week’s...
Robinhood Crypto adds SOL, PEPE, ADA & XRP to trading instruments lineup for US customers
Today, Robinhood Crypto announced the addition of Solana (SOL), Pepe (PEPE), Cardano (ADA) & XRP (XRP) to its U.S. platform. The latest additions bring the total number of cryptocurrencies available for trading via Robinhood Crypto to 19. “We’ve consistently heard...
Countries spend huge sums on fossil fuel subsidies – why they’re so hard to eliminate :: InvestMacro
By Bruce Huber, University of Notre Dame Fossil fuels are the leading driver of climate change, yet they are still heavily subsidized by governments around the world.Although many countries have explicitly promised to reduce fossil fuel subsidies to combat climate...
TradingView introduces Order presets – FX News Group
TradingView has introduced a new feature available on the TradingView platform: Order presets. This feature allows users to create and save order configurations, greatly simplifying and speeding up the trading process. Order presets are a powerful tool that allows...
No One Opposes the US Dollar :: InvestMacro
By RoboForex Analytical Department The USD/JPY currency pair has climbed to a three-month high of 154.87, driven by the strengthening US dollar following Donald Trump’s election victory. Markets anticipate that Trump’s protectionist policies, which are expected to...
Prop firm FunderPro adds cTrader trading platform
Retail prop trading firm FunderPro has announced that it has integrated the popular cTrader platform into its suite of trading solutions, offering traders advanced trading tools and utmost flexibility. As part of this exciting development, FunderPro traders now have...
Profit-taking is observed on stock indices. The data on wages in Australia haven’t met expectations :: InvestMacro
At the end of Tuesday, the Dow Jones Index (US30) fell by 0.29%. The S&P 500 Index (US500) was down 0.29%. The NASDAQ Technology Index (US100) closed negative 0.17%. Higher bond yields on Tuesday contributed to some profit-taking in equities after five consecutive...
Bitwise acquires Ethereum staking provider Attestant
Bitwise Asset Management today announced the acquisition of Attestant Limited, an institutional-grade Ethereum staking provider. The acquisition expands Bitwise’s suite of solutions for investors to include professional non-custodial staking alongside ETPs, hedge fund...
Monex launches Monex Web3 – FX News Group
Monex Group, Inc. has launched a new brand, Monex Web3, which comprises Monex’s web3 business portfolio. Monex Web3 offers a range of services to domestic and foreign companies that are considering using web3 technology to solve problems or launch new businesses....
Euroclear, Transcend collaborate on joint collateral optimisation service
Euroclear has entered a partnership with Transcend with the aim to introduce a new joint collateral optimisation service. The service will bring together Euroclear’s collateral management infrastructure and data with Transcend’s optimisation platform to address...
Paysafe reports wider net loss in Q3 2024
Payments platform Paysafe Limited (NYSE:PSFE) today announced its financial results for the third quarter of 2024. Net loss for the third quarter increased to $13.0 million, compared to $2.5 million in the prior year period, largely reflecting an increase in other...
Nomura appoints David Leigh as Co-Head of FX & Emerging Markets
Nomura today announced the appointment of David Leigh as Co-Head of FX & Emerging Markets, based in London. Mr. Leigh will partner with current Co-Head Nagaraj Pangal to jointly lead Nomura’s FX & Emerging Markets business globally. David Leigh joins Nomura...
AFM issues penalty payment order against Vantage Markets
The Financial Markets Authority (AFM) of the Netherlands has issued a penalty payment order against Vantage Global Limited (Vantage Markets). The reason for the order is Vantage Markets’ lack of cooperation with the AFM’s investigation. The AFM is investigating...
CySEC starts accepting CASP applications in accordance with MiCAR
Crypto-Asset Service Providers (CASPs) in Cyprus are from today able to apply to the Cyprus Securities and Exchange Commission (CySEC) for a preliminary assessment for the EU’s Markets in Crypto-assets Regulation (MiCAR). The decision by CySEC to implement a...
Klarpay AG to rebrand as Bivial AG
Klarpay AG, a fintech providing modern Swiss accounts and global transactional banking, today announced that it will officially rebrand to Bivial AG in the coming weeks. The new name reflects the company’s evolving vision and core values while incorporating a personal...
CEO change at Capital.com as company pursues regional structure
Leading Retail FX and CFDs broker Capital.com has announced a new regional leadership model, to better support rapid growth and innovation across key markets in which it is regulated. In Q1 2024 the Board of Directors approved plans for Capital.com to transition to a...
Companies are buying up cheap carbon offsets − data suggest it’s more about greenwashing than helping the climate :: InvestMacro
By Sehoon Kim, University of Florida Carbon offsets have become big business as more companies make promises to protect the climate but can’t meet the goals on their own.When a company buys carbon offsets, it pays a project elsewhere to reduce greenhouse gas emissions...
Coinbase introduces Coinbase 50 Index
Coinbase today announced the launch of the Coinbase 50 Index (COIN50), a benchmark representing the top 50 digital assets listed on Coinbase Exchange that meet the index’s criteria for inclusion. The index was developed in partnership with Coinbase Asset Management...
Tiger Brokers operator UP Fintech sees record Revenues of $85M in Q3-2024
UP Fintech Holding Limited (NASDAQ:TIGR), which operates the online brokerage brand Tiger Brokers, has announced its financial results for the third quarter ended September 30, 2024, showing both record quarterly Revenues and Profits for the company. Net Revenue came...
Mastercard launches innovative platform Biz360
Mastercard today introduced Biz360, a comprehensive digital solution designed for providers to equip their small business customers with a simplified way to manage the most critical aspects of running and growing a business. With Mastercard Biz360™, business owners...
Darwinex urges traders to update their MT4 & MT5 terminals
Darwinex has issued a notice to its clients advising them to update their MT4 & MT5 terminals to the latest version. Starting December 1, 2024, the minimum supported versions of the MetaTrader 4 and MetaTrader 5 trading platforms will be as follows: MetaTrader 4...
Metro Bank secures regulatory approval for Marc Page’s appointment as CFO
Metro Bank announced today that following receipt of regulatory approval, Marc Page will be appointed as an Executive Director and Chief Financial Officer on 12 November 2024. Mr Page has more than 20 years’ experience in financial services roles in Barclays, HBOS and...
Morgan Stanley Expansion Capital announces $20M investment in NovoPayment
Investment funds managed by Morgan Stanley Expansion Capital announced today an investment of $20 million in NovoPayment, a financial and payment infrastructure service provider specializing in delivering digital banking, payments and card solutions. The funding is...
Bitcoin hits an all-time high above $88,000. Oil remains under pressure :: InvestMacro
At the end of Monday, the Dow Jones Index (US30) rose by 0.69%. The S&P 500 Index (US500) gained 0.10%. The NASDAQ Technology Index (US100) was down 0.05%. Stocks traded mixed on Monday, with the S&P 500 and Dow Jones Industrials setting new all-time highs....
Webull makes overnight trading available to its US clients
Digital investment platform Webull today announced the launch of Overnight Trading, powered by Blue Ocean ATS, to expand trading hours for its users in the United States. This feature provides Webull users with the flexibility to make educated investments on their own...
Brent Crude Stumbles as Market Sentiments Turn Cautious :: InvestMacro
By RoboForex Analytical Department Brent crude oil prices have continued to slip, touching 71.74 USD a barrel on Tuesday. This marks a downturn influenced by China’s underwhelming stimulus measures. The market’s lack of confidence in China’s rejuvenation efforts,...
oneZero gets growth capital investment from Golden Gate Capital
Trading tech solutions provider oneZero Financial Systems has announced a new investment from Golden Gate Capital, a San Francisco-based private equity firm. oneZero’s current financial partner, Lovell Minnick Partners (LMP), will continue to support oneZero alongside...
Trading Technologies launches TT Accreditation program
Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, today introduced TT Accreditation, providing traders and administrators with comprehensive, online, self-paced training modules to achieve certification in various...
John Tierney approved as CEO of Nomura Europe Holdings and Nomura International
Nomura today announced that John Tierney has been approved as CEO of Nomura Europe Holdings plc (NEHS) and Nomura International plc (NIP), with Jonathan Lewis stepping down after a 10-year tenure. Mr. Lewis has served as CEO of NEHS and NIP since December 2014, and...
eToro introduces Global-Edge smart portfolio
Online broker eToro has expanded its range of portfolios by introducing the Global-Edge Smart Portfolio. The Global-Edge portfolio comprises 50% Global Stocks and 50% Bonds for growth and stability. It offers quarterly rebalancing, which optimizes performance...
Finalto appoints Luis dos Santos as Sales Director for Latin America
Finalto, the bespoke liquidity and fintech provider, is has announced the appointment of Luis dos Santos as its Sales Director for Latin America. Dos Santos has vast industry experience. He previously worked as Global Head of Business Development at Markets.com and...
HK regulator takes action against numerous suspects for alleged Smartac shares manipulation
The Securities and Futures Commission (SFC) of Hong Kong has commenced proceedings in the Market Misconduct Tribunal (MMT) against Mr Sui Guangyi, former chairman and non-executive director of Ding Yi Feng Holdings Group International Limited, two corporate entities...
G.research gets a slap on the wrist for alleged violations of FINRA rules
G.research, LLC has agreed to pay a fine of $30,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From June 30, 2020, to May 1, 2023, G.research failed to disclose its own and its control affiliates’ disciplinary history in the...
Financial AI-analytics firm big xyt raises €10M led by Finch Capital
big xyt, a Frankfurt, Germany based data analytics company for financial markets, has announced that the company has raised a €10 million investment round, led by European growth investment firm Finch Capital. The investment will drive big xyt’s global expansion,...
AUD/USD Stabilises as Traders Await Economic Signals :: InvestMacro
By RoboForex Analytical Department The AUD/USD pair is navigating the week starting with a steady tone, trading around 0.6590. After a significant drop last Friday, triggered by disappointment over China’s economic stimulus measures, the pair finds a momentary respite...
Investa crowdfunding raise brings in £700K ahead of Options trading app launch
London based Stocks and Options trading app startup Investa has announced that it has raised £700K in its first crowdfunding campaign. Prior to the campaign, over £1 million was raised from a group of serial entrepreneurs, traders, financial markets leaders and hedge...
Bitcoin hits new record high just shy of $82,000! :: InvestMacro
By ForexTimeBitcoin has surged over 17% since Nov. 5th US elections dayThe world’s oldest crypto up 90.8% so far in 2024Bitcoin outperformed other “Trump trade” assets since Nov. 5thCardano (+72%) is FXTM’s best-performing crypto since Nov. 5thBitcoin may see...
Nasdaq Stockholm fines Citigroup SEK 6M over index price drop
The Disciplinary Committee of Nasdaq Stockholm has found that Citigroup Global Markets Europe AG, part of Citigroup Inc (NYSE:C), has breached the Nasdaq Nordic Member Rules and therefore ordered the Company to pay a fine of SEK 6,000,000 (USD $552,000). On May 2,...
The Dow Jones broke the 44 000 mark, and the S&P 500 topped 6 000 for the first time. The deflationary scenario continues in China :: InvestMacro
On Friday, the Dow Jones (US30) rose by 0.59% to reach 44,000 points for the first time (up +4.72% for the week). The S&P 500 Index (US500) gained 0.38% and surpassed the 6,000-point mark for the first time (for the week +4.72%). The NASDAQ Technology Index...
SEC charges former employee of Federal Reserve Bank of Richmond with insider trading
The Securities and Exchange Commission (SEC) has filed a lawsuit against Robert Brian Thompson. The relevant complaint, seen by FX News Group, was submitted at the Virginia Eastern District Court on November 8, 2024. The SEC’s complaint alleges that, from at least...
Metal Alpha director sentenced to three years imprisonment
Metal Alpha Pty Ltd director Brett Paul Trevillian has been sentenced to three years imprisonment for forging reports about the performance of his trading strategy ‘The Gold Method’, when he was the investment manager of AlphaThorn Pty Ltd. Mr Trevillian was sentenced...
Exclusive: Match-Prime / Match-Trade Dubai office head Ahmed Fouad departs
FNG Exclusive… FNG has learned that Ahmed Fouad has left his position as Head of MENA for the Match-Prime Liquidity and Match-Trade Technology brands. Ahmed Fouad had joined the group earlier this year as Match-Prime and Match-Trade opened a new office in Dubai,...
Saxo to introduce better news experience on TraderGO and TraderPRO
Multi-asset investment specialist Saxo Bank is introducing new and better news experience on its TraderGO and TraderPRO platforms. Saxo’s news pages are undergoing a significant uplift, designed to enhance user experience and modernise the platform. The goal is to...
SIX makes acquisition offer for Aquis Exchange
The boards of SIX and Aquis have reached agreement on the terms of a recommended cash offer for the entire issued and to be issued ordinary share capital of Aquis. It is intended that the Offer will be implemented by way of a Court-sanctioned scheme of arrangement...
Tradeweb, TSE collaborate to offer enhanced access to liquidity in Japanese ETFs
Tradeweb Markets Inc. (NASDAQ:TW), a global operator of electronic marketplaces for rates, credit, equities and money markets, and Tokyo Stock Exchange (TSE), one of the largest stock exchanges in the world, today announced their collaboration to offer institutional...
Exclusive: Britannia Financial Chair Andrew Bole steps down
FNG Exclusive… FNG has learned that Andrew Bole has stepped down from his role as Chairman of the Board for FCA regulated institutional multi-asset brokerage Britannia Global Markets Limited, which operates under the Britannia Financial Group brand. He has also...
ATFX expands LATAM service opening new office in Mexico
On November 9, 2024, ATFX, a global leader in online brokerage services, officially opened its new office in Mexico, marking an important milestone in the company’s expansion across Latin America. The grand opening event included an exclusive tour of the newly...
Travelex partners with NCR Atleos to replace over 600 ATMs’ hardware and software
Forex firm Travelex has launched a major refresh of its international ATM estate, replacing the hardware and software of its entire portfolio of 600 ATMs across eight countries. The new portfolio unlocks a wide range of innovative new features for Travelex customers,...
BBVA Securities to pay $150,000 fine for alleged FINRA rule violations
BBVA Securities Inc has agreed to pay a fine of $150,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From at least March 2019 to August 2021, BBVA failed to establish and maintain a supervisory system, including written...
Exclusive: Pepperstone hires Anna Rodionova as Global Brand Manager
FNG Exclusive… FNG has learned that leading Australia based Retail FX and CFDs broker Pepperstone has hired Anna Rodionova as Global Brand Manager. She will be working out of Pepperstone’s offices in Cyprus. Anna Rodionova served as Brand & Strategy Lead for CFI...
Currency Speculators boosted Euro bets, cut GBP & Yen bets on Election Day :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 5th and shows a quick view of how large market...
Lean Hogs, AUD, 5-Year & 2-Year Bonds lead Bullish & Bearish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on November 5th.This weekly Extreme Positions report highlights the Most Bullish and Most...
Speculator Bets led by S&P500 & Nasdaq :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 5th and shows a quick view of how large traders...
Speculator Bets led by SOFR 1-Month & 10-Year Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 5th and shows a quick view of how large...
Speculator Bets led lower by Gold, Silver & Platinum :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 5th and shows a quick view of how large traders...
Speculator Changes led by Corn & Soybean Oil :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 5th and shows a quick view of how large...
FX week in review: INFINOX mgmt changes, Mike Tyson trading ads, Admirals board, Capital.com hiring
Who is the new CEO at leading online broker INFINOX? And which former brokerage CEO (OANDA, Alpari) has joined INFINOX in a senior management role? Which online broker is running ads starring boxing icon Mike Tyson as its new Brand Ambassador? Which FX and CFDs...
EUR/USD Stabilises, Considers Trump’s Impact :: InvestMacro
By RoboForex Analytical DepartmentEUR/USD is settling around 1.0785, assessing the market impact of this week’s events. With Donald Trump’s return as US President, the market is recalibrating expectations around inflation and economic policies that his administration...
Invesco Advisers to pay $17.5M penalty to settle SEC charges
The Securities and Exchange Commission (SEC) today charged Invesco Advisers, Inc. for making misleading statements about the percentage of company-wide assets under management that integrated environmental, social, and governance (ESG) factors in investment decisions....
Clearstream, Intesa Sanpaolo use Banca d’Italia solution at ECB trials
Clearstream and Intesa Sanpaolo have jointly issued and distributed a commercial paper using distributed-ledger technology (DLT). The transactions took place in the context of the ECB trials aimed at exploring the potential of DLT for settling wholesale transactions...
USDInd set for volatile price swings? :: InvestMacro
USDInd ↑ 3% year-to-dateTrump victory sends USDInd to highest level since JulyFed speeches + US CPI report = fresh volatility?US CPI sparked moves of ↑ 0.7% & ↓ 0.6% over past yearKey levels of interest – 104.80, 104.40 and 103.90With the US election done and...
ThinkMarkets becomes available in TradingView’s mobile apps
TradingView today announced an expanded integration with ThinkMarkets, a well-established partner now available on TradingView’s mobile platform. ThinkMarkets aims to democratize trading by equipping traders with all the necessary tools for navigating global markets....
World central banks continue to cut interest rates. US stock indices break records again :: InvestMacro
The Dow Jones Index (US30) closed Thursday at the opening price. The S&P 500 Index (US500) gained 0.74%. The NASDAQ Technology Index (US100) closed positive 1.54%. Meanwhile, the S&P 500 and NASDAQ indices hit new all-time highs. Stocks are rising amid...
CySEC warns of misleading posts listed on TrustPilot.com and Google Business
The Cyprus Securities and Exchange Commission (CySEC) has become aware of false and misleading posts on public review websites such as TrustPilot.com and Google Business. In these posts, users have reported incidents of individuals posing as CySEC officers or...
TradingView announces educational partnership with UANL
TradingView today announced the newest addition to its Educational Partner Program: Universidad Autónoma de Nuevo León (UANL), Mexico’s third most prominent university. This partnership will enrich students’ learning experiences and strengthen UANL’s curriculum with...
M4Markets employs Swiset AI analytics for improved IB acquisition and retention
Cyprus based Retail FX and CFDs broker M4Markets has announced a new strategic relationship with LaTAM markets focused Swiset, a cutting-edge developer of AI analytics solutions that provides brokers with IB acquisition and retention capabilities, as well as an...
HKMA imposes $4M fine on Fubon Bank
The Hong Kong Monetary Authority (HKMA) announced today that it had completed an investigation and related disciplinary proceedings in relation to Fubon Bank (Hong Kong) Limited (FBHK) under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Chapter...
SEC proposes consent judgment against “money magnet” promoter Lakenya Hopkins
Securities and Exchange Commission (SEC) has requested the Court’s approval of a proposed consent judgment against Lakenya Hopkins. Back in September 2022, the SEC charged Money Magnet Platinum Membership Initiative LLC (“MMPMI”) and its principal, LaKenya Hopkins,...
ATFX Connect and Your Bourse partner on liquidity services for Brokers
ATFX Connect, the FCA regulated institutional arm of leading online broker ATFX, has announced a new partnership with Your Bourse, a provider of Platform-as-a-Service solutions for FX and CFD liquidity management. This collaboration aims to enhance liquidity options...
FINRA imposes $115k fine on Spartan Capital Securities
Spartan Capital Securities, LLC has agreed to pay a fine of $115,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). Between June 2021 and August 2023, Spartan failed to timely respond to three requests made pursuant to FINRA Rule...
Nasdaq to implement Fat Finger check enhancements
The Nasdaq Stock Market, Nasdaq BX, and Nasdaq PSX will introduce the ability to optionally enable the Fat Finger check for ISO orders and Auction orders. Currently, ISO orders are included by default and Auction orders are excluded by default. This functionality will...
UHS, LRCX & LDOS top latest Large Cap Stocks that made our Watchlist in October :: InvestMacro
By InvestMacro ResearchThe fourth quarter of 2024 is about halfway over and today we wanted to highlight some of the top companies that have recently been added to our Cosmic Rays Watchlist. The Cosmic Rays Watchlist is the output from our proprietary fundamental...
Euronext registers 27.6% Y/Y rise in FX trading revenue in Q3 2024
Pan-European market infrastructure Euronext today published its results for the third quarter 2024. FX trading revenue was up 27.6% to record levels of €8.2 million in the third quarter of 2024, reflecting growing volumes supported by a favourable volatility...
CME Group unveils top management changes
International derivatives marketplace CME Group today announced changes among its senior management. The Board of CME Group will extend Chairman and Chief Executive Officer Terry Duffy’s contract through December 31, 2026. Lynne Fitzpatrick The company also announced...
Robinhood sees busiest overnight session for equities on US election night
Robinhood Chief Brokerage Officer Steve Quirk has posted a note on social media stating that US election night was its biggest ever overnight session for equities, at 11x Robinhood’s usual overnight notional volume. This week marked the first US presidential election...
Euronext announces share repurchase program for maximum amount of €300M
Euronext today announced a share repurchase programme for a maximum amount of €300 million. The purpose of the programme is to reduce the share capital of Euronext. All shares repurchased as part of the programme will be cancelled. The targeted period for the share...
Exclusive: Former M4Markets bizdev head Nick Jay joins Muinmos
FNG Exclusive… FNG has learned that longtime Cyprus based FX industry executive Nick Jay has joined regtech firm Muinmos. His title at Muinmos will be Business Consultant, but functionally Nick will be advising companies that require to complete KYC procedures, client...
The Trump presidency will exacerbate international relations, especially concerning China and Europe :: InvestMacro
At the end of Wednesday, the Dow Jones Index (US30) was up 3.57%. The S&P 500 Index (US500) was up 2.53%. The NASDAQ Technology Index (US100) closed up 2.74%. All 3 indices hit new all-time highs. Stocks soared after Republican candidate Trump won the presidential...
Spain CNMV Chair Rodrigo Buenaventura appointed IOSCO Secretary General
The Board of the International Organization of Securities Commissions (IOSCO) has today announced the appointment of Rodrigo Buenaventura as its next Secretary General. Rodrigo Buenaventura has been appointed for a three-year renewable term and will take up his...
Gold Retreats as Trump Victory Bolsters USD :: InvestMacro
By RoboForex Analytical Department Gold prices tumbled over 3% to 2650 USD per troy ounce amid a surging US dollar, influenced by Donald Trump’s definitive win in the US presidential election. As of Thursday, gold prices are holding steady near three-week lows,...
Options appoints Noam Siegel as VP of Sales
Options Technology today announced the appointment of Noam Siegel as Vice President of Sales. Mr Siegel brings over a decade of experience in sales, with a notable tenure at Interactive Data 7ticks and ICE serving as Manager for Connectivity & Feeds Sales. Prior...
Marex registers 32% Y/Y growth in revenues in Q3 2024
Marex Group plc (NASDAQ:MRX), a diversified global financial services platform, today announced strong results for the quarter ended 30 September 2024. Reported Profit Before Tax increased by $31.4 million, or 66%, to $79.0 million for Q3 2024, from $47.6m in the same...
B2Broker rebrands its crypto liquidity hub MarksMan as B2Connect
Dubai based broker tech and liquidity solutions provider B2Broker has announced a major rebranding and technical upgrade of its crypto liquidity hub, previously known as MarksMan LDE. Now called B2Connect, the platform provides crypto brokers and exchanges with...
New release of Genesis Application Platform offers new app preview tool
Version 8.5 of the Genesis Application Platform delivers new capabilities that boost developer efficiency and productivity throughout the build process. A quick, flexible way to test and interact with working changes is key for a productive developer experience. To...
Exclusive: NAGA engages Mike Tyson as Brand Ambassador
FNG Exclusive… FNG has learned that social trading focused online broker NAGA has engaged legendary boxer Mike Tyson as Brand Ambassador, to launch its new branding campaign, “NAGA: Your Go-to App for Everything Money.” In a humorous “slice of life” video, audiences...
Plus500 addresses shareholder issues with Director and Executive pay
Israel based Retail FX and CFDs broker Plus500 (LON:PLUS) has issued an update on the actions taken following the voting outcomes at its Annual General Meeting held on 7 May 2024. Plus500’s 2024 AGM At the 2024 AGM, one resolution proposed passed with more than 20% of...
Saxo announces enhancements to Day P/L Visibility in Positions Module
Multi-asset investment specialist Saxo Bank has announced upcoming enhancements to Day P/L Visibility in Positions Module. The Day P/L column will be integrated into the Positions module across GO, PRO and Investor platforms at the end of November. This will allow...
Capital.com set to double technology team as monthly volumes top $150 billion
Leading Retail FX and CFDs broker Capital.com has announced that total client trading volumes reached over $450 billion in Q3 2024 (+ $150 billion monthly), a 20% increase from Q2 2024, affirming the company’s steady growth trajectory. Over the same period, new user...
Spotex hires DeFi expert Leo Hmelnitsky as CSO Digital Assets
FX and digital assets tech and liquidity solutions provider Spotex LLC has announced the appointment of Leo Hmelnitsky as Chief Strategy Officer, Digital Assets. In his new role, Leo will be based in San Francisco reporting to Spotex CEO, John Miesner. Leo Hmelnitsky...
Exclusive: BP Prime sees 7x Revenue jump in FY2024 to £16M in refocus on Professional clients
FNG Exclusive… FNG has learned via regulatory filings that FCA regulated Black Pearl Securities Limited, which operates the BP Prime online trading brand, has seen a huge, nearly seven-times rise in its Revenues in fiscal year 2024 (year ended March 31), as the...
Euronext Dublin stocks become available on TradingView
A new set of data is now available on TradingView — stocks from Euronext Dublin (formerly the Irish Stock Exchange). This addition opens doors for users looking to access a wider range of companies and markets directly from their charts. The Irish Stock Exchange was...
USDJPY Hits 14-Week High Amid US Election Dynamics :: InvestMacro
By RoboForex Analytical Department The USDJPY pair has surged to a 14-week peak, touching 153.83 as demand for the US dollar strengthens with the unfolding US presidential election. This rally aligns with increasing support for Donald Trump, whose lead in critical...
FP Markets partners with trading signal provider app xsee
Retail FX and CFD broker FP Markets today announced its partnership with xsee, a next-generation trading signal provider application. The collaboration enables FP Markets’ clients to receive and utilise xsee’s trading signals directly within their live trading...
FINRA imposes $225k fine on XP Investments US
XP Investments US, LLC has agreed to pay a fine of $225,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From June 2017 through February 2018, XP recommended three private placements to its customers without conducting reasonable...
UK advertising watchdog slams CurrencyWave for misleading ad
The UK advertising watchdog ASA today published its ruling on a complaint by The Transparency Task Force against CurrencyWave. The ad in question appeared on a website for CurrencyWave, www.currencywave.com, a foreign currency payments service, seen on 7 March 2024....
Coinbase launches new Engineering Hub in Singapore
Coinbase today announced the launch of our new Engineering Hub in Singapore, with the aim of fostering the local developer ecosystem. Coinbase is partnering with the Singapore Economic Development Board to launch the Hub. With the Engineering Hub, the company hopes to...
Saxo warns handling of pre-trade disclaimers to become mandatory for OpenAPI apps
Multi-asset investment specialist Saxo Bank has warned of changes that will affect OpenAPI apps. Handling of pre-trade disclaimers will become mandatory for all OpenAPI apps from May 2025, so it’s important to start implementing proper support for them in OpenAPI...
Nium, Partior partner on real-time, cross-border payments, clearing and settlement
Nium, a global infrastructure for real-time cross-border payments, today announced a partnership with Partior, a blockchain-based fintech for clearing and settlement. The partnership makes Nium the first fintech payment service provider (PSP) on the Partior network....
Standard Chartered, Ant International announce intra-group blockchain-based SGD settlement
Standard Chartered and Ant International today announced the successful completion of SGD-denominated liquidity transfers between its entities using Ant International’s blockchain-based Whale platform. To enable this transaction, Standard Chartered plugged into Ant...
HK regulator bans former responsible officer of Tarascon Capital Management for 15 years
The Securities and Futures Commission (SFC) of Hong Kong has prohibited Mr Jonathan Dominic Iu Wai Ching from re-entering the industry for 15 years. The disciplinary action follows the Market Misconduct Tribunal’s (MMT) determination that Iu, a former responsible...
Nomura issues statement on arrest of former employee
Nomura today issued a statement on the arrest of a former employee of Nomura Securities. The company confirmed that on October 30, 2024, a former employee of Nomura Securities was arrested by Hiroshima Prefecture police on suspicion of robbery, attempted murder, and...
EURUSD Stabilises as US Presidential Election Unfolds :: InvestMacro
By RoboForex Analytical DepartmentEURUSD remains poised around 1.0878 as markets brace for the outcome of the highly anticipated US presidential election. With the world watching, the direction of the major currency pair will hinge significantly on the election...
FX and CFDs industry recruiter Juri Kartakov (re)joins Admirals board
Estonia based Retail FX and CFDs broker Admirals Group AS has announced that it has appointed Juri Kartakov as a new member of the Supervisory Board of the Company, effective from 01.10.2024. The Supervisory Board is equivalent to the company’s Board of Directors....
Purpose Investments expands Yield Shares ETF suite listed on Cboe Canada
Cboe Canada Inc. welcomes Purpose Investments as they add two new tickers to their existing suite of Yield Shares funds, single stock focused ETFs designed to offer monthly distributions and long-term exposure to U.S. listed stocks. The new Yield Shares ETFs are now...
CySEC extends further suspension of FTX authorisation
The Cyprus Securities and Exchange Commission (CySEC) has provided an update on the suspension of the authorisation of the Cyprus Investment Firm FTX (EU) Ltd. The suspension is extended until May 30, 2025 so that the company may proceed with the necessary actions in...
ICE Futures U.S. announces New York office relocation
The New York office of ICE Futures U.S., Inc. is moving. Starting on November 18, 2024, the new address will be: ICE Futures U.S. 1345 Avenue of the Americas, 7th Floor New York, NY 10105 Intercontinental Exchange, Inc. (NYSE:ICE) is a Fortune 500 company that...
Broadridge registers drop in net earnings in Q1 FY25
Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the first quarter of its fiscal year 2025. Total revenues for the three months to end-September 2024 decreased 1% from the year-ago period to $1,423 million. Recurring revenues...
eToro warns of increased market volatility due to US elections
Online broker eToro has published a warning notice to traders regarding the possibility of increased market volatility as the U.S. election is set for a tight finish. The broker noted: “The market could be very volatile, so keep a close eye on your trades and set...
One Equity Partners completes sale of Dragonfly Financial Technologies to FIS
One Equity Partners (OEP), a middle market private equity firm, today announced it has completed its sale of Dragonfly Financial Technologies, a digital business banking and cash management solutions provider, to FIS, a global leader in financial technology. Financial...
Westpac announces retirement of Christine Parker, Group Exec, HR
Westpac CEO, Peter King has announced the retirement of Christine Parker, Group Executive, Human Resources. Christine Parker Christine Parker has been with Westpac for 17 years. She joined in 2007 as General Manager, People at Westpac New Zealand before moving to...
INFINOX UK returns to profitability in FY2024 as retail business closed, Robert Berkeley departs
INFINOX Capital Limited, the London based, FCA regulated arm of global online brokerage INFINOX, has released its financial results for FY 2024 (March 31 fiscal year end), indicating a return to profitability for the company as it shifts its focus to institutional...
OptAxe hires FX industry vet Chris Smith to head Business Development
OptAxe, a fully regulated, centralised trading venue for liquidity discovery, dissemination and execution, has announced that FX industry veteran Chris Smith is joining the management team as Chief Business Development Officer. The appointment follows OptAxe receiving...
Interactive Brokers unveils charting enhancements in IBKR Desktop platform
Electronic trading major Interactive Brokers has unveiled a raft of charting enhancements in the latest beta release of its IBKR Desktop platform. Now you can easily compare multiple symbols directly on a single chart. With the Symbol Comparison feature, add multiple...
HKEX to automate ETP servicing capabilities through web-based platform
Hong Kong Exchanges and Clearing Limited (HKEX) has unveiled plans to digitise and automate the in-kind creation and redemption process for relevant exchange-traded products (ETP) in 2025 through the adoption of a web-based platform, subject to technical readiness and...
OTP Group selects Integral technology to upgrade FX trading operations
Integral, a leading currency technology provider to the financial markets, has announced that Hungary based banking concern OTP Group has selected its technology to upgrade its global FX trading operations. OTP Group has chosen Integral’s liquidity aggregation,...
Morgan Stanley to pay $1M fine for alleged violations of FINRA rules
Morgan Stanley & Co LLC has agreed to pay a fine of $1 million as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From August 2019 through June 2023, Morgan Stanley failed to establish, document, and maintain a system of risk...
How might markets react to Harris or Trump win? :: InvestMacro
By ForexTimeMarkets predict Trump win; polls say race too close to callTrump win: further boost USD, Bitcoin, RUS2000, US stocks (oil, banks, cryptos)Harris win: likely positive for EUR, CNH, MXN, Chinese and European indexes, green energy stocksSplit Congress: USD...
SEC charges Wahed Invest with Marketing Rule violations
The Securities and Exchange Commission (SEC) has announced settled charges against Wahed Invest, LLC, a registered investment adviser based in New York, for violating the Marketing Rule. The order finds that Wahed disseminated advertisements containing paid...
Stock indices rise on weak US labor market report. In Switzerland, there is a further decline in inflation :: InvestMacro
On Friday, the Dow Jones (US30) rose 0.69% (for the week -0.50%). The S&P 500 Index (US500) gained 0.41% (for the week -1.80%). The NASDAQ Technology Index (US100) closed positive 0.72% (for the week -2.06%). Stocks in the US closed sharply higher on Friday,...
Nasdaq issues reminder on market wide circuit breakers
Nasdaq today issued a reminder regarding the procedures for coordinated cross-market trading halts in the event of a severe market price decline. These procedures, known as market wide circuit breakers “MWCB”, may halt trading temporarily or, under extreme...
Brent Crude Rises as OPEC+ Delays Production Increase :: InvestMacro
By RoboForex Analytical Department Brent crude oil prices climbed above 74 USD per barrel following OPEC+’s announcement to delay its production increase originally scheduled for December. This decision marks the second postponement by OPEC+ amid persistent global...
CFI sponsors Arabian Gulf Cup – Khaleeji Zain 26 – in Kuwait
CFI, the region’s leading online trading provider, has announced its role as the Official Sponsor of the Arabian Gulf Cup, Khaleeji Zain 26, taking place in Kuwait from December 21st until January 3rd. This partnership underscores CFI’s commitment to supporting local...
FIS appoints Kourtney Gibson to its BoD
FIS (NYSE:FIS) today announced the appointment of Kourtney Gibson to its Board of Directors. Her appointment increases the size of the Board from nine to ten directors, nine of whom, including Ms. Gibson, are independent. “We are pleased to welcome Kourtney to the FIS...
Daniel Skowronski joins INFINOX as Group Executive Director
Leading online broker INFINOX has announced the appointment of Daniel Skowronski as Group Executive Director. With an extensive career spanning over three decades in finance and technology, Daniel will lead strategic initiatives across the INFINOX group, based out of...
Wise granted access to Philippines’ InstaPay
Wise has been granted direct access to InstaPay, the Philippines’ real-time payment system, and can also directly settle with the Bangko Sentral ng Pilipinas’ (BSP) real-time gross payment system, PhilPaSS Plus. Wise’s direct connection to InstaPay will enhance the...
LCH names Michel Semaan Global Head of RepoClear
LCH today announced that Michel Semaan has joined as the new Global Head of RepoClear. Mr Semaan will lead RepoClear in the next phase of growth across Europe and the UK, focusing on the expansion of its clearing membership and the development of RepoClear’s Sponsored...
Saxo white label partners to gain access to Omnibus Sub-account transfers in Saxo Tools
In the first half of November 2024, all white label partners of multi-asset investment specialist Saxo Bank will gain access to Omnibus Sub-account transfers in Saxo Tools. This functionality allows users to transfer cash between top-level accounts seamlessly. By...
Interactive Brokers adds several new indicators in IBKR Desktop platform
Electronic trading major Interactive Brokers has launched Version 0.11 (Beta release) of the IBKR Desktop platform, adding a slew of new indicators. The list of new indicators includes: This classic technical indicator identifies potential support and resistance...
OANDA offers traders to explore US Presidential elections influence on financial markets
Online trading company OANDA is offering traders to explore the intricate relationship between US Presidential elections and the global financial markets. With President Joe Biden withdrawing from the presidential race, the US are set for an election without the...
Pepperstone offers expert insights and analysis to trade the 2024 US election
Retail FX and CFD broker Pepperstone offers traders to get expert insights and analysis to trade the 2024 US election with the broker. The company is offering a special section on its website, called US Election Hub. The US Election Dashboard displays data from...
Speculator Bets led by S&P500 & Nasdaq Minis :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday October 29th and shows a quick view of how large traders...
Currency Speculators continue to shed Euro bets for 5th week :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday October 29th and shows a quick view of how large market...
Speculator Bets led by Corn & Live Cattle :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday October 29th and shows a quick view of how large...
Speculator bets led by Palladium & Steel :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday October 29th and shows a quick view of how large traders...
Platinum, Australian Dollar & Steel lead Bullish Bets :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on October 29th.This weekly Extreme Positions report highlights the Most Bullish and Most...
Speculator Bets led by Ultra Treasury Bonds & US Treasury Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday October 29th and shows a quick view of how large...
FX week in review: CySEC forcing FXOpen ownership change, Spotware’s new CMO, EBC Australia head
As we close the books on October, we’re pleased to report that FNG had, once again, another record month of website traffic, social media engagement, email newsletter subscribers… This time traffic growth has been driven by rapidly rising Search traffic. And according...
Interactive Brokers registers 46% Y/Y increase in DARTs in October 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just reported its key operating metrics for October 2024. The broker reported 2.823 million Daily Average Revenue Trades (DARTs) for October 2024, 46% higher than in October 2023 and 7% higher...
US500 braces for US election/Fed showdown :: InvestMacro
US500 ends October ↓ 1%, still up ↑ 20% YTDApril & October only negative trading months this yearUS election & FOMC decision = big price swings?Fed expected to cut rates by 25bp in NovemberTechnical levels – 5770, 5675 & 5600 FXTM’s US500, which tracks the...
SIX welcomes abrdn Investments as new ETF issuer
Today, SIX welcomed abrdn Investments as its latest issuer of Exchange-Traded Funds (ETFs) with their new real estate product. This addition brings the total number of ETF at SIX Swiss Exchange to 1,845 across 28 issuers. The newly listed ETF “abrdn Future Real Estate...
Investors’ main focus today is on the NonFarm Payrolls report. Iran is preparing for a new attack on Israel :: InvestMacro
At the end of Thursday, the Dow Jones (US30) Index was down 0.90%. The S&P 500 Index (US500) was down 1.86%. The NASDAQ Technology Index (US100) closed lower by 2.44%. Disappointing earnings forecasts from major tech giants Microsoft (MSFT) and Meta (META) raised...
Cboe registers 9% Y/Y increase in global FX revenues in Q3 2024
Cboe Global Markets, Inc. today reported financial results for the third quarter of 2024. Global FX record net revenue of $20.0 million increased 9% from the year-ago period, primarily due to higher net transaction and clearing fees. ADNV traded on the Cboe FX...
US dollar pressure remains strong :: InvestMacro
By RoboForex Analytical DepartmentThe AUD/USD pair fell to 0.6566 on Friday, marking its lowest since early August. The US dollar continued to strengthen last night, bolstered by signs of resilience in the US economy. Additionally, investors hold significant...
Broadridge closes acquisition of Kyndryl SIS
Global fintech company Broadridge Financial Solutions, Inc. (NYSE:BR) has completed its previously announced acquisition of Kyndryl’s Securities Industry Services (SIS) platform, which provides wealth management and capital markets software solutions to Canadian...
StanChart completes first HKD blockchain test settlement with Ant International’s Whale platform
Standard Chartered and Ant International today announced the successful completion of HKD-denominated intra-group transactions between Ant International entities. Ant International will apply the Treasury management principles to move funds between entities using its...
CMC Markets enters into a long-term strategic partnership with ASB Bank
CMC Markets plc (LON:CMCX) has signed an agreement to enter into a long-term strategic partnership with major New Zealand financial institution ASB Bank. Following an integration period, CMC will provide ASB clients with access to market-leading technology and...
City Index launches US Presidential Election Hub
Retail FX and CFD broker City Index has launched the City Index 2024 US Presidential Election Hub. The dedicated webpage on City Index’s website offers traders to make City Index their trusted trading partner this election. From real-time data and expert commentary to...
Saxo Bank to make changes to Trade Ticket in its GO and PRO platforms
Multi-asset investment specialist Saxo Bank will soon make changes to the Trade Ticket in its GO and PRO platforms. Effective Monday, 4 November 2024, the default order duration in the Trade ticket will change from Good till Canceled (GTC) to Day Order. This update...
Jayne-Anne Gadhia succeeds Clive Kahn as Non-Exec Chairman of Alpha Group
Alpha Group International plc (LON:ALPH), a global provider of financial solutions to corporates and institutions, today confirmed that Jayne-Anne Gadhia has succeeded Clive Kahn as Non-executive Chairman, following her initial tenure as Non-executive Chairman...
Turkish Competition Board approves proposed acquisition of Hargreaves Lansdown
On 31 October 2024, the Turkish Competition Board unconditionally approved in writing the acquisition of Hargreaves Lansdown plc (LON:HL). Hargreaves Lansdown is set to be acquired by Harp Bidco Limited, a newly formed company indirectly owned by CVC Private Equity...
FxPro introduces BNB CFD trading
Retail FX and CFD broker FxPro announced today that Binance Coin (BNB) is now available as a CFD for trading at FxPro. This addition allows FxPro clients to diversify their crypto portfolio with one of the leading coins in the market, benefiting from the flexibility...
Exclusive: CMTrading exec Giorgos Piskopianos leaves to launch prop trading firm PropXP
FNG Exclusive… Yet another retail prop trading firm is born. FNG has learned that Cyprus based FX industry executive Giorgos Piskopianos has left his position at MENA-focused Retail FX and CFDs broker CMTrading, to launch a new prop firm, called PropXP (website...
CMC Markets ups New Zealand presence becoming NZX market participant
UK based online broker CMC Markets plc (LON:CMCX) has announced its intention to apply for accreditation as an NZX Trading and Clearing Participant in 2025. CMC Markets said it intends to lodge an application for accreditation as an NZX Trading and Clearing...
CME Group registers record OI in Henry Hub futures
International derivatives marketplace CME Group today announced that open interest in its global benchmark Henry Hub futures contract reached a record 1.73 million contracts on October 30, 2024 as international participation is at all-time highs. “As the U.S. exports...
ESMA to directly supervise two additional data reporting services providers
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, published today the annual assessment of the derogation criteria for data reporting services providers (DRSPs). Two entities currently supervised at national...
Match-Trader platform adds Prop Trading Tournaments
Multi-asset trading platform provider Match-Trade Technologies has announced that it has introduced a series of updates to its Match-Trader platform during the month of October 2024, which include a comprehensive range of improvements across its ecosystem covering...
Binance to use AWS Cloud to enhance user onboarding experience
Cryptocurrency firm Binance announced today that it will leverage Amazon Web Services’ cloud services to improve the user onboarding experience, customer support, and internal automated system diagnostics and troubleshooting on Binance. Binance is implementing...
Stock indices under pressure ahead of US elections. Oil strengthened due to lower inventories :: InvestMacro
The Dow Jones (US30) Index was down 0.22% on Wednesday. The S&P 500 Index (US500) was down 0.33%. The NASDAQ Technology Index (US100) closed lower by 0.79%. Stocks gave up early gains and suffered moderate losses as declines in chip company stocks impacted the...
Marex Group announces pricing of $600M Senior Notes offering
Diversified global financial services platform Marex Group plc (NASDAQ:MRX) today announced the pricing of a public offering of $600 million aggregate principal amount of its 6.404% Senior Notes due 2029. The Notes will be issued at a price to the public equal to...
Expert Says Secondary Metals Will Star in New Bull Market :: InvestMacro
Major periods of rising gold prices since 1971 have included the 1970s and the 2000s. Many experts believe we’ve started a new period of such expansion now.Spot prices touched a new record of US$2,769.02 per ounce on Tuesday “as the run-up to the 2024 presidential...
BGC Group registers 15.4% Y/Y increase in Forex revenues in Q3 2024
BGC Group, Inc. (NASDAQ:BGC) today reported its financial results for the third quarter ended September 30, 2024. In the third quarter of 2024, Foreign Exchange revenues increased by 15.4% to $92.1 million, primarily driven by emerging markets products and higher G10...
ICE registers rise in revenues in Q3 2024
Intercontinental Exchange (NYSE:ICE) today reported financial results for the third quarter of 2024. For the quarter ended September 30, 2024, consolidated net income attributable to ICE was $657 million on $2.3 billion of consolidated revenues, less transaction-based...
Exclusive: cTrader operator Spotware hires Roman Snegirev to head Marketing
FNG Exclusive… FNG has learned that cTrader platform developer Spotware Systems has hired Roman Snegirev, as the company’s new Head of Marketing. In this role, Roman will lead Spotware’s strategic marketing efforts to expand the reach of its flagship trading platform,...
Devexa launches wealth management customer support capabilities
Devexa, the AI-powered virtual assistant and chatbot from global software developer for the capital markets industry, Devexperts, has launched a series of wealth management support features, designed to enhance wealth managers’ customer support offering. The new...
SEC files lawsuit against Dusan Varga and Pannon Investment Advisors
The Securities and Exchange Commission (SEC) has filed a lawsuit against Dusan Varga and Pannon Investment Advisors LLC. The SEC complaint, seen by FX News Group, was submitted at the Florida Southern District Court on October 30, 2024. From May 2020 to at least...
Nomura Securities pays JPY 21.76M fine imposed by Japan’s FSA
Nomura Holdings, Inc. today issued a statement on the administrative action taken by Japan’s Financial Services Agency. Following a recommendation issued on September 25, 2024, by Japan’s Securities and Exchange Surveillance Commission, yesterday Japan’s Financial...
CoinShares appoints Lisa Avellini as Group General Counsel
CoinShares International Limited, a European investment company specialising in digital assets, today named Lisa Avellini its Group General Counsel. Her appointment is effective November 4, 2024. Ms Avellini brings a wealth of valuable experience to CoinShares, with...
Peter Garnry to step down as Saxo’s Chief Investment Strategist
Multi-asset trading and investment specialist Saxo announced today that Chief Investment Strategist, Peter Garnry, will be leaving his role after more than 14 years. During his tenure, Garnry has been part of building Saxo Bank’s reputation for insightful financial...
XTB makes nice recovery in Q3-2024 with Revenues up 23%, Profits rise 27%
Following a disappointing Q2, Poland based Retail FX and CFDs broker XTB (WSE:XTB) has reported its preliminary results for Q2 2024 indicating a nice bounce-back in the third quarter of the year, although activity (and profitability) did not return to record Q1...
NAGA Group first half 2024 results: Revenues €31.7M, EBITDA €2.8M
Social and copy trading focused Retail FX and CFDs broker The NAGA Group AG (ETR:N4G) has issued its first half 2024 report, providing some more insight into the operations and status of the company following its acquisition by CAPEX.com operator Key Way Group. We had...
GBPUSD could be in for mid-week “sneaky surprise” :: InvestMacro
GBPUSD’s forecasted volatility jumps 24% over past weekUK government set to issue most debt since 2020US Treasury refunding announcement in focusFriday’s US NFP triggered GBPUSD moves of ↑ 0.5% & ↓ 0.6% over past yearBloomberg FX model: GBPUSD has 73% of trading...
MUFG Bank goes live on CLSNet
MUFG Bank has gone live on CLSNet, CLS’s bilateral payment netting calculation service for over 120 currencies. MUFG is the latest participant to go live on the service, which includes eight of the top ten global banks. The average daily netted value in CLSNet has...
AUD/USD Continues Downward Spiral Amid Economic Concerns :: InvestMacro
By RoboForex Analytical Department The Australian dollar remains under significant pressure, with AUD/USD extending its downtrend mid-week to reach 0.6539, the lowest since August. The decline, which began on 1 October, has been relentless, with the pair experiencing...
NinjaTrader partners with Anthony Crudele on exclusive content
NinjaTrader, a fintech platform for retail futures trading, today announced a partnership with industry expert Anthony Crudele to distribute exclusive content through the company’s livestream offerings. Crudele will also assume the role of Senior Vice President of...
Australia has seen a sharp decline in inflationary pressures. Silver rose to $34 an ounce :: InvestMacro
At the end of Tuesday, the Dow Jones Index (US30) fell by 0.36%. The S&P 500 Index (US500) was up 0.16%. The NASDAQ Technology Index (US100) closed higher by 0.98%.The latest data from the JOLTs report showed that job openings are at their lowest level since...
Binance appoints Jeff Li as VP of Product
Binance has announced the appointment of Jeff Li as its new Vice President of Product. Bringing over 16 years of experience in both Web2 and Web3 product leadership and software engineering, Li will oversee the expansion and enhancement of Binance’s product suite....
PayPoint completes investment in obconnect
PayPoint today confirmed that it has successfully completed its strategic investment in Open Banking technology provider obconnect, following FCA approval. PayPoint now holds a 55.3% position in the business. This investment enables the Group to further leverage their...
Tradeweb registers 36.7% Y/Y increase in revenues in Q3 2024
Tradeweb Markets Inc. (NASDAQ:TW), a global operator of electronic marketplaces for rates, credit, equities and money markets, today reported its financial results for the quarter ended September 30, 2024. The company posted $448.9 million of revenues in the third...
IG Group appoints Clifford Abrahams as CFO
Electronic trading major IG Group Holdings plc (LON:IGG) today announced the appointment of Clifford Abrahams as Chief Financial Officer (CFO) and as an Executive Director. He will join the Board and take up his role as CFO with effect from 16 December 2024. Clifford...
Exness selects Centroid Bridge to enhance liquidity offering
Centroid Solutions, a leading technology provider for brokers, has announced that Exness, one of the world’s largest Retail FX and CFDs brokers which has also expanded its services by offering B2B liquidity, has selected Centroid Bridge to extend its prime liquidity...
Clifford Abrahams to step down as CFO of Virgin Money
Virgin Money announced today that Clifford Abrahams, Chief Financial Officer (CFO), has informed the Board of his decision to step down from his position. Mr Abrahams will be leaving the company to pursue a new opportunity at another organisation. Clifford Abrahams...
CAB Payments continues discussions with StoneX on possible acquisition offer
CAB Payments Holdings plc (LON:CABP) today provided an update on talks with StoneX Group Inc on potential acquisition offer. As announced on 10 October 2024, CAB Payments received an unsolicited non-binding proposal from StoneX relating to a possible cash offer for...
HKEX plans to open office in Riyadh in 2025
Hong Kong Exchanges and Clearing Limited (HKEX) plans to open an office in Riyadh in 2025. The new office will strengthen HKEX’s Middle East presence as the Group looks to promote greater connectivity between China and the Gulf region, aiming to facilitate new...
Visa enables users to seamlessly push virtual cards to mobile wallet ecosystems
Digital payments provider Visa Inc (NYSE:V) announced new capabilities that enable frictionless, provisioned virtual card push-to-wallet experiences. Users can now seamlessly push virtual cards to mobile wallet ecosystems including Apple Pay and Google Pay, with...
CME Group secures NFA approval to establish Futures Commission Merchant
International derivatives marketplace CME Group today announced it has received approval from the National Futures Association (NFA) to establish a futures commission merchant (FCM). “We are pleased that the NFA has approved our FCM application,” said Terry Duffy,...
Paysafe partners with Deutsche Bank to provide private customers with easy access to cash services
Paysafe (NYSE:PSFE) has partnered with Deutsche Bank AG to provide private customers with easy access to cash services. Powered by Paysafe’s barcode solution, Paysafecash (marketed in Germany as “viacash”), banking customers in Germany will be able to deposit and...
Bitcoin has reached the $70,000 mark. The Canadian dollar fell to last year’s lows :: InvestMacro
The Dow Jones (US30) rose 0.65% on Monday. The S&P 500 Index (US500) was up 0.27%. The NASDAQ Technology Index (US100) closed at its opening price. Stocks rose amid lower geopolitical risks in the Middle East after Israel launched only a limited retaliatory strike...
FXOpen owner Aliaksandr Klimenka has voting rights suspended by Cyprus regulator CySEC
Cyprus financial regulator CySEC has announced that at its meeting held on 29 July 2024 it decided that the influence exercised by Aliaksandr Klimenka, as sole indirect shareholder of CIF licensed company FXOpen EU Ltd is prejudicial to the sound and prudent...
Brent Crude Oil Experiences Sharp Price Decline :: InvestMacro
By RoboForex Analytical Department Brent crude oil prices have significantly decreased, reaching 71.46 USD per barrel on Tuesday. Prices fell nearly 6% earlier in the week, marking the most prominent daily drop in two years. The price reduction reflects the market’s...
FOREX.com partners with Kalshi on US election trading
Retail FX broker FOREX.com today announced a new partnership with Kalshi, an exchange for trading on the outcome of future events. This partnership enables traders to trade FX markets with FOREX.com while expressing a view on the US Presidential Election through...
TradingView partners with Indian Institute of Management Tiruchirappalli
TradingView has announced a collaboration with the Indian Institute of Management Tiruchirappalli (IIM Trichy). Established by the Government of India on January 4, 2011, IIM Trichy is the eleventh addition to the Indian Institutes of Management (IIM) network, a...
Travelex undertakes major UAE expansion
UK based foreign exchange brand Travelex has announced that the company has undertaken a major expansion in the UAE, with the launch of 13 new stores across Abu Dhabi and Dubai airports. At Zayed International Airport, Travelex is doubling its store footprint from...
Hargreaves Lansdown registers rise in revenues in Q1 FY25
Hargreaves Lansdown plc (LON:HL) today issued a trading update in respect of the three months ended 30 September 2024. Total revenue in the quarter amounted to £196.5 million, up from £183.8 million, registered in Q1 2024. The rise reflected increased dealing volumes...
CME Group reports first trades of Spodumene futures
International derivatives marketplace CME Group today announced its new Spodumene CIF China (Fastmarkets) futures have launched and are available for trading. A total of 29 contracts traded on the first day, with participation from a number of firms including JA...
SIX welcomes DWS Xtrackers as latest issuer of crypto ETPs
Today, SIX welcomed DWS Xtrackers as the latest issuer of Exchange-Traded Products (ETPs) with cryptocurrency underlyings. DWS Xtrackers lists in total two new products, one on Bitcoin and one on Ethereum. With this launch, DWS Xtrackers becomes the 17th issuer of...
OKX picks Standard Chartered as third-party crypto custodian for its global institutional business
OKX, a cryptocurrency exchange, today announced the appointment of Standard Chartered as a third-party crypto custodian for its global institutional business. The custody agreement with Standard Chartered is a significant addition to OKX’s comprehensive suite of...
CFTC goes after NOLA FX Capital, Meteor LLC, Michael DePetrillo
The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against NOLA FX Capital, Meteor LLC, and Michael DePetrillo. The CFTC complaint was submitted on October 25, 2024 at the Louisiana Eastern District Court. From at least July 2017 and continuing...
Exclusive: Exinity country manager for Colombia Geofrey Briñez moves to CAPEX.com
FNG Exclusive… FNG has learned that Retail FX and CFDs broker CAPEX.com has hired Geofrey Briñez as Country Manager for Colombia. Geofrey Briñez joins CAPEX.com from rival broker Exinity, where he held a similar role. Geofrey was also previously Business Development...
Citi to use Google Cloud’s Vertex AI platform
Citi and Google Cloud have joined forces in a multi-year agreement to support Citi’s digital strategy through cloud technology and artificial intelligence (AI). This collaboration focuses on modernizing Citi’s technology infrastructure and enhancing employee and...
StoneX opens new offices in Pune and Bengaluru
StoneX Group Inc (NASDAQ:SNEX), a financial services company that owns retail FX brands such as FOREX.com and City Index, has announced the opening of its new offices in Pune and Bengaluru, with a collective capacity of 800 seats. This marks a significant expansion of...
how colonial history explains why strong institutions are vital to a country’s prosperity – expert Q&A :: InvestMacro
By Renaud Foucart, Lancaster University This year’s Nobel memorial prize in economics has gone to Daron Acemoglu and Simon Johnson of the Massachusetts Institute of Technology and James Robinson of the University of Chicago for their work on why there are such vast...
Marqeta introduces BNPL solution Marqeta Flex
Modern card issuing platform Marqeta (NASDAQ:MQ) today unveiled its Marqeta Flex solution. The innovative solution that revolutionizes the way BNPL payment options can be delivered inside payment apps and wallets, surfacing them at the moment of need within an...
Exclusive: ACY exec Kris Wang joins EBC to head Australia business
FNG Exclusive… FNG has learned that China-centric Retail FX and CFDs broker EBC Financial is continuing to build out its Australia business, hiring experienced industry executive Kris Wang as Country Head – Australia. Kris Wang joins EBC after spending the past two...
Corpay forecasts Q3 2024 revenues to be at $1.029bn
Corpay, Inc. (NYSE:CPAY), a corporate payments company, today announced certain preliminary financial results for its third quarter ended September 30, 2024. Revenue for the third quarter of 2024 is expected to be $1.029 billion. Same store sales remained stable...
EUR/USD Weakens Amid Global Economic Uncertainty and Strong US Dollar :: InvestMacro
By RoboForex Analytical Department The EUR/USD pair began the week around 1.0789, reflecting heightened global economic uncertainties and a strong inclination towards safe-haven assets. The appeal of the US dollar is bolstered by rising US government bond yields and...
MUFG Bank launches liquidity trading portal MUFG CashFolio
MUFG Bank, Ltd. announced today the launch of MUFG CashFolio, its new liquidity trading portal leveraging LiquidityDirect from The Bank of New York Mellon Corporation (BNY). Developed as an extension of MUFG’s liquidity services, MUFG CashFolio is a powerful online...
Oil, Yen tumble after weekend turmoil :: InvestMacro
By ForexTimeIsrael avoids attacking Iran’s oil facilitiesBrent sank 4% as markets refocus on global oversupplyJapan’s ruling coalition loses majority in snap electionsJapan’s political risks send USDJPY to 3-month highBloomberg model: USDJPY set to trade between 150 –...
Nium launches real-time bank account verification solution
Nium, a global infrastructure for real-time cross-border payments, today announced the launch of Nium Verify, a real-time bank account verification solution for businesses and individual accounts, available across 50 markets. Designed to empower businesses with...
Robinhood rolls out US Presidential Election event contracts
US neobroker Robinhood (NASDAQ:HOOD) has announced the launch of presidential election event contracts, ahead of the November 5 US general election. The contracts will be offered by its Robinhood Derivatives, LLC (RHD) unit. Event contracts allow customers to trade on...
Exclusive: AUS Global adds UAE SCA license, hires MultiBank exec Tawfiq Mashaqi
FNG Exclusive… FNG has learned that Retail FX and CFDs broker AUS Global has taken some steps to continue building out its presence in the MENA region, beginning with the addition of a UAE SCA Category Five license. AUS Global has also added to its team in Dubai...
FCA imposes £350k fine on Wise CEO Kristo Käärmann
The UK Financial Conduct Authority (FCA) has fined Mr Käärmann, the CEO of Wise plc and senior manager of Wise Assets UK Ltd, £350,000 for breaching a senior manager conduct rule. In February 2021, Mr Käärmann paid a significant fine to HM Revenue & Customs (HMRC)...
HKMA partners with Banco Central do Brasil on cross-border tokenisation initiatives
The Hong Kong Monetary Authority (HKMA) announced today a partnership with Banco Central do Brasil (BCB) to conduct cross-border tokenisation experiments under Project Ensemble and Drex pilot programme. The two institutions will link their experimental central bank...
Plus500 registers 11% Y/Y increase in revenues in Q3 2024
Retail CFD and FX broker Plus500 Ltd (LON:PLUS) today provided a trading update for the three-month period ended 30 September 2024. Revenue for Q3 2024 increased by 11% to $187.3m (Q3 2023: $168.1m), including trading income of $173.2m (Q3 2023: $153.7m) and interest...
Exclusive: Daman Markets hires ICM exec Samer Fakhridin to head Trade Operations
FNG Exclusive… FNG has learned that newly launched, MENA focused Retail FX and CFDs broker Daman Markets has made another addition to its senior management team, hiring experienced industry executive Samer Fakhridin as Head of Trade Operations and Support. Samer...
FX week in review: Saxo Bank buyers emerge, Banxso license suspended, prop firm launch, BDSwiss offshore
Which buyers have (reportedly) shown interest in placing an offer to buy Copenhagen based Retail FX and CFDs broker Saxo Bank, whose shareholders have effectively put it up for sale? Why did South Africa regulators suspend the license of CFDs broker Banxso – and place...
5 Ranked Stocks that Made Our Watchlist Last Quarter :: InvestMacro
By InvestMacro ResearchThe fourth quarter of 2024 is under way and with the bulk of earnings reports still to come we wanted to highlight some of the top companies that had been added to our Cosmic Rays Watchlist from the last quarter.The Cosmic Rays Watchlist is the...
SFC secures court order to freeze $6.35bn of assets belonging to suspected manipulators of Ding Yi Feng shares
The Court of First Instance has granted an interim injunction order against 11 suspected manipulators of shares of Ding Yi Feng Holdings Group International Limited in proceedings brought by the Hong Kong Securities and Futures Commission (SFC) under section 213 of...
NZD/USD Hits Four-Week Low Amid US Dollar Strength :: InvestMacro
By RoboForex Analytical Department The NZD/USD pair dropped to 0.5988 this Friday, marking a potential close lower for the fourth consecutive week. The strength of the US dollar continues to dominate the currency pair, fuelled by expectations of a moderate interest...
FCA interventions result in more than 10k promotions amended/withdrawn in Q3 2024
The UK Financial Conduct Authority (FCA) has published the financial promotions data for the third quarter of 2024. The data was collected between 1 July 2024 and 30 September 2024 from FCA actions against firms breaching financial promotion rules, and referrals and...
Big Tech set for big gains? :: InvestMacro
5 of “Magnificent 7” set to publish earningsCombined market cap of 5 tech titans over $12 trillion Looking past earnings, key focus on AI spendingMeta could move over 7.3% ↑ or ↓ post earningsApple richest company in the world reports results ThursdayFinancial markets...
CFTC secures Court orders directing Regal Assets, its CEO and President to pay $49M
The Commodity Futures Trading Commission (CFTC) today announced U.S. District Judge Fernando M. Olguin, Central District of California, issued orders of default judgment against a company and two individuals: Regal Assets LLC, a California LLC; Regal Assets’ owner and...
Bank of England may delay rate cut. Inflation in Tokyo continues to decline :: InvestMacro
At the end of Thursday, the Dow Jones Index (US30) was down 0.33%, the S&P 500 Index (US500) added 0.21%, and the NASDAQ Technology Index (US100) closed positive 0.83% yesterday. Stocks mostly rose on Thursday amid positive earnings results and lower T-note bond...
MCI Global Investment Advisors Limited enters liquidation
MCI Global Investments Advisors Limited has entered into Creditors Voluntary Liquidation. Gareth Howarth of Path Business Recovery Limited was appointed as liquidator. MCI Global Investment Advisors Limited is a small Authorised Alternative Investment Fund Manager...
Standard Chartered, TP ICAP announce digital asset collaboration
International cross-border bank Standard Chartered and inter-dealer broker TP ICAP have announced plans to connect their digital assets offerings. This collaboration will enable common clients to access Standard Chartered’s recently announced groundbreaking digital...
NYSE plans to extend weekday trading on NYSE Arca Equities Exchange
The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE:ICE), today announced plans to extend weekday trading on its NYSE Arca equities exchange to 22 hours a day. The extended trading would take place from 1:30 am to 11:30 pm Eastern Time on all...
Smart money app Plum fined €30K by CySEC for various violations
Cyprus financial regulator CySEC has announced that it has decided to impose a total administrative fine of €30,000 to the company Plum Money CY Limited, which operates the Plum savings and investing app for EU clients (website withplum.com), for violation of articles...
Darwinex offers traders to link and migrate their existing MT5 account with Darwinex
Darwinex announces that traders can now link and migrate their existing MT5 account with Darwinex and take full advantage of its platform’s powerful features—without having to start from scratch. By linking your MT5 track record with Darwinex, you’ll gain access to...
Bullying and harassment top concerns list in FCA non-financial misconduct survey
The UK Financial Conduct Authority (FCA) has published the results of a survey to better understand how firms record and manage allegations of non-financial misconduct. The survey of over 1,000 investment banks, brokers and wholesale insurance firms found that the...
OKX ups crypto spot copy trading with Smart Sync
Crypto exchange operator and Web3 tech company OKX has announced that it has introduced a new ‘Smart Sync’ feature to its Spot Copy Trading tool. This addition enables eligible customers to effortlessly mirror a lead trader’s entire spot portfolio with just one click,...
Italian regulator blocks websites of five unauthorized investment firms
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to several new websites that offer financial services illegally. The websites targeted by the latest orders are: Tradetospace Global Limited (website https://tradetospace.com and...
UK financial services firms receive 1.86M complaints in H1 2024, FCA data shows
The UK Financial Conduct Authority (FCA) has published the latest data about complaints reported by financial services firms. During the period from 1 January to 30 June 2024, financial services firms received 1.86 million complaints, a 4% decrease from 2023 H2...
Virtu Financial reports 12.2% Y/Y increase in Q3 2024 revenues
Virtu Financial, Inc. (NASDAQ:VIRT), a provider of financial services and products, today reported results for the third quarter ended September 30, 2024. Total revenues increased 12.2% to $706.8 million for the third quarter of 2024, compared to $630.2 million for...
Coinbase becomes Official Crypto Partner of Canadian Football League
Cryptocurrency exchange Coinbase has become Official Crypto Partner of the Canadian Football League (CFL) and the 111th Grey Cup. Coinbase, the league’s first-ever partner in the crypto space, will also sponsor the opening coin toss ahead of the championship game in...
Broadridge launches Distribution Insights for Asset Managers on Salesforce AppExchange
Broadridge Financial Solutions Inc. (NYSE:BR) today announced it has launched Distribution Insights for Asset Managers on Salesforce AppExchange, an enterprise marketplace for partner apps and experts, empowering customers to capture data from wherever it lives,...
FD Technologies’ shareholders approve sale of First Derivative Business to EPAM Systems
FD Technologies (LON:FDP) announces that the Resolution put to Shareholders at the General Meeting of the Company held earlier today to approve the sale of the First Derivative Business to EPAM Systems, Inc was duly passed. Voting was conducted by way of poll on the...
TradingView adds Errante to list of partner brokers
TradingView’s list of available brokers keeps expanding. Now, Errante, a regulated online broker, is available on the platform and provides users with multiple Forex and CFD trading capabilities. Founded in 2019, Errante (a brand operated by Notely Trading Ltd) is...
Valkyrie Funds to change name to CoinShares Valkyrie
CoinShares International Limited, a European investment company specialising in digital assets, today announced the renaming of its recently acquired Valkyrie Funds LLC products to CoinShares Valkyrie, effective October 31, 2024. This strategic move follows...
The Bank of Canada cut the rate by 0.5%. Stock indices under selling pressure ahead of US elections :: InvestMacro
At Wednesday’s close, the Dow Jones (US30) Index was down 0.96%, the S&P 500 Index (US500) decreased by 0.92%, and the NASDAQ Technology Index (US100) closed yesterday negative 1.55%. All three major US equity indices closed sharply lower on Wednesday amid rising...
Cypriot regulator suspends Viverno Markets’ CIF license
The Cyprus Securities and Exchange Commission (CySEC) announces that the authorisation of the Cyprus Investment Firm Viverno Markets Ltd is suspended in whole. The suspension is in accordance with section 10(1) of Directive DI87-05 for The Withdrawal and Suspension of...
EUR/USD Dips to Three-Month Low Amid Strong Dollar Demand :: InvestMacro
By RoboForex Analytical DepartmentEUR/USD has tumbled to 1.0789, marking a near three-month low as market sentiment heavily favours the US dollar. The dollar’s strength is driven by expectations of a gradual and limited interest rate cut by the US Federal Reserve and...
Nasdaq registers 22% Y/Y increase in revenues in Q3 2024
Nasdaq, Inc. (NASDAQ:NDAQ) today reported its financial results for the third quarter of 2024. For the three months to end-September 2024, net revenue was $1.1 billion, reflecting 22% growth versus the prior year period while non-GAAP net revenue was $1.2 billion....
CQG makes significant updates to Spreader in CQG One platform
CQG, a provider of high-performance technology solutions for traders, brokers, commercial hedgers and exchanges, has made some significant updates to the Spreader in CQG One for institutional trading desks in CQG One v9.9. Improved synthetic strategy support Added...
Montreux acquires GC Partners Group
Montreux Capital Management Zug AG today announced the acquisition of GC Partners Group Ltd, a specialist financial services provider in the Forex and payments market. With offices in the UK, Hong Kong, Dubai, the Netherlands, Portugal, and Spain, GC Partners has a...
Singtel, Western Union sign agreement on sale of mobile wallet Dash
Singtel and Western Union have signed a conditional agreement on the sale of Dash. The sale is subject to regulatory approvals. Dash customers will continue to have access to all existing services in the meantime. Dash is an all-in-one mobile wallet that lets...
Eurex Clearing participates in ECB trials for wholesale digital money pilot
Eurex Clearing participated in the Eurosystem’s exploratory work on new technologies for wholesale central bank money settlement. The initiative, led by the European Central Bank (ECB), aims to explore the potential of distributed ledger technology (DLT) in enhancing...
Worldline partners with Visa Acceptance Solutions on fraud management solution
Payment services provider Worldline (EPA:WLN) has announced plans to collaborate with Visa Acceptance Solutions, to launch an optimized fraud management solution. The relationship leverages both companies’ extensive transactional data and expertise, augmenting...
USD/JPY Climbs to Three-Month Peak Amid US Dollar Strength :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY currency pair surged to near three-month highs, hitting 151.79, driven by the strengthening US dollar and rising US government bond yields. The appreciation of the US dollar was supported by favourable macroeconomic data...
CFPB orders Apple and Goldman Sachs to pay over $89M for Apple Card failures
Today, the Consumer Financial Protection Bureau (CFPB) took action against Apple and Goldman Sachs for customer service breakdowns and misrepresentations that impacted hundreds of thousands of Apple Card users. The CFPB found that Apple failed to send tens of...
This year’s Nobel prize in economics awarded to team that examined what makes some countries rich and others poor :: InvestMacro
By John Hawkins, University of CanberraThe 2024 Nobel Prize in Economics has been awarded to three US-based economists who examined the advantages of democracy and the rule of law, and why they are strong in some countries and not others.Daron Acemoglu, Simon Johnson...
FCA writes to Novus Black Fund investors about unreported losses
The UK Financial Conduct Authority (FCA) has written to investors in Novus Black Fund UK Ltd about the firm’s unreported losses. Novus Black Fund, an alternative investment fund based in the UK, is managed by MCI Global Investment Advisors Limited. UK regulations...
Liquidnet appoints Eric Blake as Head of Latin America
Liquidnet, a technology-driven agency execution specialist, today announced the appointment of Eric Blake as Head of Latin America. In this role, Mr Blake will be responsible for expanding Liquidnet’s business in the region, with an immediate focus on identifying new...
tastyfx offers integration with TradingView
US Forex broker tastyfx announced today that it has integrated with TradingView, a charting platform for traders. Users with a tastyfx account can now live trade directly on the TradingView platform, enhancing their trading experience with best-in-class charting and...
FFG Asset Management adopts DTCC’s ITP services
The Depository Trust & Clearing Corporation (DTCC) today announced that FFG Asset Management (FFG AM) has adopted the firm’s Institutional Trade Processing (ITP) services, leveraging the automated post-trade solutions to achieve no touch processing for equities...
ICE sees Euribor futures and options trading reach highest volume in over 10 years
Intercontinental Exchange, Inc. (NYSE:ICE) today announced record activity across its interest rate derivatives markets with over 190 million contracts traded in Q3 2024, surpassing the previous record set in Q1 2020. ICE’s interest rate markets also hit record...
CME Group reports record revenue in Q3 2024
International derivatives marketplace CME Group Inc. (NASDAQ:CME) today reported financial results for the third quarter of 2024. The company reported record revenue of $1.6 billion and operating income of $1.0 billion for the third quarter of 2024. Net income was...
Ryan Choi to pay $1.8M to settle SEC charges for defrauding readers of Citron Research
The Securities and Exchange Commission (SEC) announces that Ryan Choi agreed to pay more than $1.8 million to settle charges that he negligently engaged in a scheme to defraud readers of Citron Research in connection with two tweets issued by the platform. In July...
Finalto implements proactive risk strategy for US election
Ahead of the US Election on 5 November 2024, Finalto Chief Risk Officer Daniel Frostick explains that Finalto is taking proactive steps to limit risk and ensure clients experience uninterrupted service levels. “We have identified key areas of focus so we can ensure we...
What France’s ‘McKinsey Gate’ scandal revealed about the four major types of consulting’s conflicts of interests :: InvestMacro
By Guillaume Carton, EM Lyon Business School McKinsey & Company and other consulting firms have long faced criticisms for their involvement with governments. Investigative journalists and academics alike have flagged their growing influence, citing cases like the...
JPX confirms securities regulator investigating Tokyo Stock Exchange employee
Japan Exchange Group, Inc. today issued a statement in response to media reports about a Tokyo Stock Exchange employee being investigated by regulators over suspected insider trading. JPX confirms that an employee of Tokyo Stock Exchange is currently under...
IG Japan updates Economic Calendar
IG Securities, the Japanese subsidiary of electronic trading major IG Group, has updated its Economic Calendar. The new economic calendar has a new design, making it easier to view various events and providing more comprehensive market analysis. The new features...
Interactive Brokers rolls out TWS build 10.32
Electronic trading major Interactive Brokers has rolled out build 10.32 of its TWS platform. The platform has added Municipal Disclosures in Trader Workstation. Users of the platform can now use the View Lots feature to view or manage their stock, option, bond,...
Support for older MT4 and MT5 versions to end on December 1, 2024
Fintech company MetaQuotes has announced that support for older MT4 and MT5 versions will end on December 1, 2024. Starting December 1, 2024, the minimum supported versions of the trading platforms will be as follows: MetaTrader 4 build 1420, released on May 24...
BGC Group to acquire OTC Global Holdings
BGC Group, Inc. (NASDAQ:BGC), a global brokerage and financial technology company, announced today that it has entered into an agreement to acquire OTC Global Holdings, LP, an institutional energy and commodities brokerage firm. Through this acquisition, BGC Group...
TD Bank joins LTX as liquidity provider
LTX, an AI-powered corporate bond trading platform backed by global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR), today announced that TD Bank has joined its e-trading platform through its subsidiary TD Securities Automated Trading LLC. TD Bank will...
CoinShares opens new office in New York City
CoinShares International Limited, an investment company specializing in digital assets, today announced the establishment of a U.S. central office based in New York City, marking a significant step in its U.S. expansion strategy. As a part of the growth initiative,...
Chances are Slim :: InvestMacro
By RoboForex Analytical Department The AUD/USD pair is attempting a recovery toward 0.6681, though the prospects seem uncertain as the pair remains near a six-week low. The strengthening of the US dollar and the rise in US Treasury yields, driven by expectations of a...
LSEG, Dun & Bradstreet partner to broaden access to private market information
London Stock Exchange Group (LSEG) and Dun & Bradstreet (NYSE:DNB), today announced a multi-year collaboration to broaden access to private market information. The combination of LSEG’s capital markets data, including deals, private equity, news and research, with...
The rise in the Dollar Index is putting pressure on stock indices. MXN rate fell to a 6-week low :: InvestMacro
At Monday’s close, the Dow Jones Index (US30) was down 0.80%. The S&P 500 Index (US500) was down 0.18%. The NASDAQ Technology Index (US100) closed positive 0.18%.On Monday, the Dollar Index approached levels not seen since early August as hopes of a near-term...
SEC fines four cos nearly $7M for misleading disclosures regarding cyber risks and intrusions
The Securities and Exchange Commission (SEC) today charged four current and former public companies – Unisys Corp., Avaya Holdings Corp., Check Point Software Technologies Ltd, and Mimecast Limited – with making materially misleading disclosures regarding...
Waits on BoC rate decision :: InvestMacro
By ForexTimeBoC decision & Fed speeches/Beige book in focusTrader’s see 88% probability of BoC 50bp cut on Wednesday.Over past year BoC decision triggered moves of ↑ 0.3% & ↓ 0.2%Bloomberg FX model – 80% – (1.3719 – 1.3940)Technical levels – 1.3880 and...
ICE marks record OI across Brent crude oil futures and options
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that ICE Brent reached record open interest of 6.4 million contracts on October 18, 2024, surpassing the record previously set in April 2020. Brent open interest is up 20% year-over-year (y/y) across futures...
Prop firm MyFundedFX, PropFirmMatch.com exchange words over Copy Trading
An interesting exchange took place on social media (and, apparently, behind the scenes) over the weekend between Dallas, Texas based retail prop trading firm MyFundedFX and popular industry comparison site PropFirmMatch.com. The discussion included a threat by...
Marqeta unveils enhancements to its card program management tools
Modern card issuing platform Marqeta (NASDAQ:MQ) today introduced two new products – UX Toolkit and Portfolio Migrations – to its card program management tools. UX Toolkit will allow Marqeta’s customers to create modern payment experiences from scratch with fewer...
Do people trust AI on financial decisions? We found it really depends on who they are :: InvestMacro
By Gertjan Verdickt, University of Auckland, Waipapa Taumata Rau When it comes to investing and planning your financial future, are you more willing to trust a person or a computer?This isn’t a hypothetical question any more.Big banks and investment firms are using...
FCA places restrictions on Business Agent Limited
The UK Financial Conduct Authority (FCA) has placed restrictions on Business Agent Limited. The action follows concerns about the firm’s failings related to its ‘Nextcrowd’ platform. The move to restrict Business Agent Limited came on 22 July 2024, after FCA’s review...
Komainu to acquire Singapore-based digital asset custodian Propine
Komainu, a custodian and service provider for digital assets announces an agreement in principle to acquire Propine Holdings Pte Ltd, a provider of digital asset custody and related services through Propine Technologies Pte Ltd, subject to approval by the Monetary...
GCEX launches FX and metals price feeds XplorSkew and XplorSkewPlus tailored for re-aggregation
FX and digital assets institutional brokerage GCEX Group has announced the release of two new price feeds specifically designed for brokers who aggregate: XplorSkew and XplorSkewPlus. The feeds focus on enhancing spreads and optimising performance for aggregating...
B2C2 integrates 4OTC for ultra-low latency connectivity to crypto exchanges
4OTC, which provides low latency connectivity services for Digital Assets and FX, has announced a partnership with crypto liquidity firm B2C2. B2C2 has integrated with 4OTC’s 1API service for ultra-low latency connectivity to multiple digital assets exchanges...
IBKR, Altor, Centerbridge among Saxo Bank acquisition suitors
Bloomberg is reporting that a number of financial companies have shown interest in acquiring Copenhagen based Retail FX and CFDs broker Saxo Bank. Following a failed 2022 IPO attempt, Saxo Bank effectively put itself up for sale earlier this year by announcing that...
Wedbush Securities releases new suite of APIs to provide enhanced integration for clearing clients
Wedbush Securities, a diversified financial services provider, today announced the release of a new suite of highly functional APIs (application programming interfaces) that provide enhanced integration for its clearing clients. These APIs enable clearing clients to...
Gold Hits New Record Amid Geopolitical Tensions and US Election Uncertainty :: InvestMacro
By RoboForex Analytical DepartmentGold prices surged to a new record high of 2,729 USD per troy ounce on Monday, driven by escalating conflicts in the Middle East and the heightened uncertainty surrounding the upcoming US presidential election. These persistent...
ATFX unveils new Prop Trading services
Leading global online trading provider ATFX has announced that it is set to unveil its new prop trading services, designed to foster the financial and professional growth of traders. This innovative initiative will be closely linked with ATFX’s existing brokerage...
Oil prices were down by 10% in 2 weeks, and natural gas lost 19%. The PBoC cut interest rates :: InvestMacro
The Dow Jones (US30) Index was up 0.09% on Friday (+1.11% for the week). The S&P 500 Index (US500) was up 0.40% (for the week +0.60%). The NASDAQ Technology Index (US100) closed positive 0.63% (for the week +0.34%).Atlanta Federal Reserve Bank President Raphael...
Nasdaq launches 12 new indexes
Effective Monday, October 21, 2024, Nasdaq will begin disseminating the following new indexes on the Nasdaq Global Index Data Service (GIDS). The new indexes include: The SMID Growth Strength Index (NQCAPSGSM) seeks to provide exposure to well-capitalized small and...
MAS Markets (formerly BidX) sees Revenues up 3x in FY2024 to £3.2M
FNG has learned via regulatory filings that London based, FCA regulated multi-asset liquidity solutions provider MAS Markets has continued to grow its business in its third full year of operation in FY2024 (year ended May 31, 2024), with its Revenues more than...
BDSwiss CRO Andreas Andreou leaves to launch prop firm thePropTrade
Now-former BDSwiss Chief Revenue Officer Andreas Andreou has taken to LinkedIn to announce the launch of a new Dubai based prop trading firm, called thePropTrade (at website theproptrade.com). Andreas Andreou Andreas Andreou is an experienced FX and CFDs industry...
FINRA fines Maxim Group for deficient reporting
Maxim Group LLC has agreed to pay a fine of $75,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From January 2020 through April 2021, Maxim published public quarterly reports on its handling of customers’ orders in National...
TibiGlobe adds offshore Mauritius license
Newly launched Retail FX and CFDs broker TibiGlobe has announced the acquisition of an investment Dealer Mauritius license. The company, which is managed mainly from Cyprus, said that acquiring the Mauritius license from the Financial Services Commission (FSC), in...
Exinity exec Tiago da Costa Cardoso moves to HFM to head Business Development
FNG has learned that Cyprus based Retail FX and CFDs brokerage group HFM, formerly known as HotForex, has hired experienced industry executive Tiago da Costa Cardoso as the company’s new Global Head of Business Development. Tiago will be based out of Dubai for his new...
FCA imposes £5.4M fine on Volkswagen Finance for treatment of customers in financial difficulty
The UK Financial Conduct Authority (FCA) has fined Volkswagen Financial Services (UK) Limited £5,397,600 for failing to treat its customers in financial difficulty fairly. Volkswagen Finance has agreed to pay over £21.5m in redress to around 110,000 customers who may...
HK regulator fast-tracks simple fund authorisation
Hong Kong’s Securities and Futures Commission (SFC) will expedite the processing of applications from simple investment funds by launching the Fund Authorisation Simple Track (FASTrack) on 4 November 2024. Under FASTrack, the SFC aims to grant fund authorisations...
Currency Speculators continue to reduce US Dollar Index, Canadian Dollar bets :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday October 15th and shows a quick view of how large market...
Currency Speculators continue to reduce US Dollar Index, Canadian Dollar bets :: InvestMacro
COT | Data | Leaders | What is COT? | Excel | COT DashboardHere are the latest links to our coverage of the Commitment of Traders data changes. Data updated through October 15th.The COT currency market speculator bets were decidedly lower this week as just one out of...
FX week in review: Germany CFDs tax relief, Freetrade loss, Devexperts CEO change
It was a week of across-the-spectrum news in the FX and CFDs trading industry – tax law changes, regulatory moves, broker results, management changes, and lots more. What new tax law (or, more correctly, repealing of a tax law put into place in 2020) is likely to...
Speculator bets led by S&P500 & Russell 2000 Minis :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday October 15th and shows a quick view of how large traders...
Speculator bets led by Lean Hogs & Live Cattle :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday October 15th and shows a quick view of how large...
Speculator bets led by 10-Year & US Treasury Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday October 15th and shows a quick view of how large...
Speculator bets led by Gold & Platinum :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday October 15th and shows a quick view of how large traders...
Russell2000, VIX, USD Index & 5-Year Bonds lead Bullish & Bearish Positions :: InvestMacro
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on October 15th.This weekly Extreme Positions report highlights the Most Bullish and Most...
Swissquote adds US Congressional Trader to themes trading
Leading Swiss online trading firm Swissquote has further expanded its Themes Trading lineup via the addition of US Congressional Trader. Swissquote’s US Congressional Trader Index extracts crucial trading insights from the publicly disclosed holdings of congressional...
Tesla kicks off Big Tech earnings :: InvestMacro
Tesla ↑ almost 60% from 2024 lowEarnings released on 23rd October after US market closeImpact of price cuts & Q4 outlook in focusShares could move 6.2% ↑ or ↓ post earningsTechnical levels – 50 & 100-day SMA, $213.00The week ahead is stacked with top-tier data...
Italy’s CONSOB orders blocking of four new illegal investment websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to four new websites that offer financial services illegally. The websites targeted by the latest orders are: “Mercantiles” (website https://accessmercantiles.org); “Tide...
USDJPY Adjusts Amid Mixed Signals from Japan’s Economic Data :: InvestMacro
By RoboForex Analytical Department USD/JPY is experiencing a correction phase following two days of gains, as mixed economic signals emerge from Japan. Despite ongoing expectations for monetary tightening by the Bank of Japan (BoJ), the yen faces downward pressure...
Exclusive: FlowBank liquidators allowing direct sale of securities until Nov 15
FNG Exclusive… FNG has learned that the liquidators of bankrupt Swiss neobank / neobroker FlowBank have been in contact with former clients of the company, encouraging them to sell any securities sitting in their accounts in order to expedite client refunds. The...
PBoC launches new stimulus for the economy. Silver hits two-month high :: InvestMacro
Stock indices traded mixed on Thursday. The Dow Jones Index (US30) was up 0.37% on Thursday. The S&P 500 Index (US500) was down 0.02%. The NASDAQ Technology Index (US100) closed positive 0.08%. A recovery in chip stocks supported the broader market after Taiwan...
TradingView partners with University of Murcia
TradingView continues to expand its Educational Partner Program with the addition of the University of Murcia, one of the oldest universities in Spain. With a rich history dating back to 1272, the University of Murcia now joins the TradingView global network, offering...
Tullett Prebon facilitates trading of first ACC CME-listed futures contract
Interdealer broker Tullett Prebon has facilitated the trading of the first Australian Carbon Credit Unit (ACC) CME-listed futures contract through its Singapore team. The contract, which was announced in September, began trading on 13 October. Tullett Prebon’s Carbon...
CMU OmniClear, SIX to cooperate in securities depository and settlement areas
CMU OmniClear Limited, a wholly-owned subsidiary of the Hong Kong Monetary Authority (HKMA) and SIX signed a Memorandum of Understanding (MOU) today for cooperation in securities depository and settlement to foster the growth of cross-border investment. Based on the...
Nium partners with BRI to provide Indonesian customers with real-time international money transfer capabilities
Nium, a global infrastructure for real-time cross-border payments, has announced a partnership with Bank Rakyat Indonesia (BRI) to provide Indonesian customers with real-time international money transfer capabilities. This collaboration aims to enhance the...
FINRA imposes $300k fine on CICC US Securities
CICC US Securities, Inc. has agreed to pay a fine of $300,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). Between at least February 2019 and February 2020, CICC US failed to develop and implement an anti-money laundering (AML)...
Exclusive: Adam Saward joins EC Markets
FNG Exclusive… FNG has learned that Retail FX and CFDs broker EC Markets had hired experienced industry executive Adam Saward, to its senior management team in London. Adam Saward most recently served on the Executive Management team at INFINOX, responsible for global...
HK regulator suspends former employee of Julius Baer for seven months
The Securities and Futures Commission (SFC) of Hong Kong has suspended Mr Singh Amit Kishan, a former employee of Bank Julius Baer & Co. Ltd, for seven months. The suspension, which will run until 15 May 2025, is for regulatory breaches. The disciplinary action...
Interactive Brokers enhances Client Portal
Electronic trading major Interactive Brokers continues to expand the functionalities of its services. The company has recently enhanced its Client Portal. Interactive Brokers has added a crescent moon icon to the Quote Info panel for all contracts that are Overnight...
UK govt consults on new Buy-Now, Pay-Later rules
The UK Government today launched a consultation on proposals to bring Buy-Now, Pay-Later companies under the supervision of the Financial Conduct Authority (FCA) and applying the Consumer Credit Act, ensuring users receive clear information, avoid unaffordable...
Euroclear acquires stake in Marketnode
Euroclear today announced it has acquired a strategic stake in Marketnode, a Singapore-based digital market infrastructure operator. Financial terms of the transaction were not disclosed. Founded by SGX Group and Temasek in 2021, Marketnode serves as Asia-Pacific’s...
A strong Australian labor market report reinforced the RBA’s hawkish stance. Banks in Thailand and the Philippines cut interest rates :: InvestMacro
At the end of Wednesday, the Dow Jones Index (US30) was up 0.79%, the S&P 500 Index (US500) was up 0.47%, and the NASDAQ Technology Index (US100) closed positive 0.07%. Stronger-than-expected corporate earnings results supported stocks. In addition, a...
SDX, RULEMATCH partner to offer financial institutions solution to trade and manage crypto assets
SDX and RULEMATCH today announced a partnership to offer financial institutions an integrated solution to trade, settle, and manage crypto assets. Institutions will be able to trade on RULEMATCH’s platform with post-trade clearing and settlement, eliminating the need...
AUD/USD Rises Following Strong Australian Employment Data :: InvestMacro
By RoboForex Analytical Department AUD/USD rebounded on Thursday after three consecutive days of declines. This was supported by robust employment data from Australia, which bolstered the hawkish outlook on the Reserve Bank of Australia’s (RBA) monetary policy.Key...
Cboe Global Markets, S&P Dow Jones Indices to launch VIXEQ Index
Derivatives and securities exchange network Cboe Global Markets, Inc and S&P Dow Jones Indices (S&P DJI) today announced plans to launch the Cboe S&P 500 Constituent Volatility Index (VIXEQ Index), calculated by Cboe Global Indices. Using an adaptation of...
CBA pays $7.5M fine for sending non-compliant messages to customers
CBA has entered into an amended Enforceable Undertaking with the Australian Communications and Media Authority (the ACMA) and paid a $7.5 million fine for breaches of certain provisions of the Spam Act. CBA cooperated fully with the ACMA’s investigation. The...
Clearstream’s D7 platform reaches digital issuance volume milestone of €10bn
Clearstream, Deutsche Börse Group’s post-trade services provider, has reached a significant milestone of a digital issuance volume of €10 billion on its next-generation digital post-trade platform, D7. With D7, Clearstream aims to digitise the entire post-trade value...
CySEC stops accepting new applications for Crypto-Asset Service Providers
The Cyprus Securities and Exchange Commission (CySEC) has announced that from today onwards applications for registration of Crypto-Asset Service Providers (CASPs) will no longer be accepted. The move is in accordance with the provisions of National Rules in view of...
Broadridge launches Instant Payments service
Fintech company Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the launch of its highly resilient and scalable managed service for connectivity, message processing and workflow management for instant payments. The Broadridge service supports real-time...
Devexperts boosts Risk Management for DXtrade with new Tapaas integration
Devexperts has announced that it has enhanced risk management capabilities on its flagship multi-asset trading platform for FX/CFD brokers, DXtrade, via an integration with risk management specialists, Tapaas. Tapaas, which offers a comprehensive view of risk across...
Nasdaq integrates AI into Calypso platform to accelerate risk calculations
Nasdaq (NASDAQ:NDAQ) today announced it has developed an innovative new methodology to conduct investment portfolio risk calculations and produce predictive analytics, based on advanced machine learning capability. The functionality will be integrated into Nasdaq’s...
CFI Unveils its Exclusive Customer Rewards Program
CFI Financial Group, the region’s leading online trading provider, is proud to announce the launch of CFI Rewards program, offering a wide range of exclusive benefits and unique experiences to its clients. Designed to add real value, the program provides clients with...
Exclusive: Germany repealing punitive CFDs tax rule, retroactive to 2020
FNG Exclusive… FNG has learned that Germany will be reversing a 2020 tax law that has kept many German retail traders out of the CFDs trading market – and which should draw in many more German retail clients into CFD brokerages moving forward. Germany CFD tax...
EUR/USD Continues Downward Amid Economic Uncertainties :: InvestMacro
By RoboForex Analytical Department EUR/USD has sustained its position below the EMA-200 line, indicating a potential shift into a more defined downtrend. Recent comments from Raphael Bostic, head of the Atlanta Federal Reserve, have influenced this movement. Bostic...
Visa collaborates with Analytic Partners to address commercial challenges faced by merchants and brands
Digital payments provider Visa (NYSE:V), today announced that it has entered into a new partnership with Analytic Partners, a global analytics solution provider. Together, Visa and Analytic Partners plan to address commercial challenges faced by merchants and brands,...
Set for fresh all-time highs? :: InvestMacro
Netflix ↑ 45% year-to-dateShares could move 7.6% % ↑ or ↓ post-earningsSubscription numbers & live sports offering in focusTechnical levels – $735 & $700 Netflix is probably one of the first providers you think about regarding TV streaming services.And it...
DTCC enhances fixed income security master file data offering
The Depository Trust & Clearing Corporation (DTCC) today announced an enhanced fixed income security master file data offering, providing more data at a higher frequency. The enhanced security master file, known as Corporate Fixed Income Premium Intraday Reference...
Inflationary pressures continue to ease in the UK and New Zealand :: InvestMacro
On Tuesday, the Dow Jones (US30) Index was down 0.75%. The S&P 500 Index (US500) decreased by 0.78%. The NASDAQ Technology Index (US100) closed negative 1.37%.The Biden administration is discussing imposing country-specific restrictions on sales of advanced...
Options Technology sold by Abry Partners to Vitruvian
Capital markets infrastructure provider Options Technology has announced what it called a “significant investment” by Vitruvian Partners, a leading private equity firm known for backing high-growth companies, which will see control of Options transferred from Abry...
Interactive Brokers opens new office in DIFC Dubai
Electronic trading major Interactive Brokers (NASDAQ:IBKR) today announced the opening of a new office in Dubai International Financial Center (DIFC). Through this new office, Interactive Brokers will establish its presence in the Middle East, complementing its...
SEC charges CEO of Student Global with defrauding investors
The Securities and Exchange Commission (SEC) today announced settled charges against Gustavo Dolfino for making material misrepresentations to investors in Student Global, LLC, the education-tech startup he founded. Dolfino made material misrepresentations concerning...
Ben Hurley replaces Michael Babushkin as CEO of Devexperts
Devexperts, developer of the popular DXtrade multi-asset trading platform, has announced the appointment of Ben Hurley (pictured above) as its new Chief Executive Officer, replacing longtime CEO Michael Babushkin. Babushkin had been CEO of Devexperts since 2010. The...
Interactive Brokers reports rise in revenues in Q3 2024
Interactive Brokers Group, Inc. (NASDAQ:IBKR), an automated global electronic broker, has announced its financial results for the quarter ended September 30, 2024. For the third quarter of 2024, the company reported diluted earnings per share of $1.81. This is up from...
DTCC unveils DTCC Digital Launchpad
The Depository Trust & Clearing Corporation (DTCC) has announced DTCC Digital Launchpad, an industry sandbox intended to bring together financial market participants and clear the path to scalable adoption of digital assets. As an open ecosystem, DTCC Digital...
TradingView announces enhancements to data from ICE Futures Singapore and SGX
TradingView has announced more improvements to its futures data, focusing on contracts from the Singapore Exchange (SGX) and Intercontinental Exchange (ICE Futures Singapore). These updates are crafted to boost data visibility and accuracy on charts, offering traders...
Danske Bank implements Broadridge’s global proxy voting solution
Danske Bank has implemented Broadridge Financial Solutions, Inc.’s (NYSE:BR) leading global proxy voting technology. The Broadridge solution streamlines the proxy voting process and ensures greater accuracy and speed, enabling Danske Bank’s clients to make more...
Bank of America reports Global Markets net income of $1.5bn for Q3 2024
Bank of America Corp (NYSE:BAC) has just released its financial report for the third quarter of 2024. The Global Markets segment registered net income of $1.5 billion, higher than in the preceding quarter and the year-ago quarter. Global Markets revenue was $5.6...
Citi registers 32% Y/Y increase in equity markets revenues in Q3 2024
Citigroup Inc. (NYSE:C) today posted its financial report for the third quarter of 2024. Markets revenues of $4.8 billion increased 1%, driven by growth in Equity markets revenues, partially offset by lower Fixed Income markets revenues. Fixed Income markets revenues...
WGBI to incorporate Tradeweb FTSE benchmark closing prices
Tradeweb Markets Inc. (NASDAQ:TW), a global operator of electronic marketplaces for rates, credit, equities and money markets has announced that FTSE Russell will make a price source change to include Tradeweb FTSE benchmark closing prices for U.S Treasuries, European...
TMX Group, Clearstream to launch enhanced version of CCMS platform
TMX Group and Clearstream will launch an enhanced version of the Canadian Collateral Management Services (CCMS) platform on 19 October 2024. The enhancements will increase the liquidity for triparty repo transactions by adding equities to the scope of eligible...
Interactive Brokers adds more products from Cboe Australia and CME Group to offering
Electronic trading major Interactive Brokers continues to expand its lineup of investment instruments. Interactive Brokers has recently added more products from Cboe Australia and CME Group: Warrants listed on Cboe Australia; Tuesday/Thursday Weekly FOP on Crude Oil...
USD/JPY Faces Resistance Amid Geopolitical and Economic Uncertainties :: InvestMacro
By RoboForex Analytical Department USD/JPY has been struggling to break past the resistance level at 149.55 despite repeated attempts over the past five trading sessions. The Japanese yen remains under pressure as the Federal Reserve signals a more moderate approach...
FIS appoints Nicole Anasenes to BoD
FIS (NYSE:FIS) today announced the appointment of Nicole Anasenes to its Board of Directors. Her appointment increases the size of the company’s Board from eight to nine directors, eight of whom, including Ms. Anasenes, are independent. Ms. Anasenes currently serves...
Slumps on easing Middle East fears :: InvestMacro
Fundamentals swing in favour of bearsWatch out for US/China data and EIA report Technical levels: $77.90, $75 & $73Oil benchmarks have been hammered this week, shedding over 6% thanks to potent fundamental forces.The global commodity stumbled into Monday’s session...
Paxos introduces new stablecoin payments platform
Blockchain and tokenization infrastructure platform Paxos today introduced its new stablecoin payments platform. Stripe’s Pay with Crypto product is powered by Paxos’ stablecoin payments infrastructure, making it easier for merchants to accept stablecoin payments. As...
India is experiencing a surge in inflation. US stock indices are once again updating historical highs. :: InvestMacro
On Monday, the Dow Jones Index (US30) rose by 0.47%. The S&P 500 index (US500) gained 0.77%. The NASDAQ Technology Index (US100) closed positive 0.87%. The S&P 500 and Dow Jones Industrials indices hit new all-time highs, and the Nasdaq 100 Index hit a 2-month...
Eric Aboaf to step down as State Street CFO
State Street Corporation (NYSE:STT) today announced that Eric Aboaf, vice chairman and chief financial officer (CFO), has made the decision to accept a new opportunity outside of banking and is expected to leave State Street in February of 2025. State Street has...
ICE registers record trading activity across total futures and options in Q3 2024
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that its total futures and options markets reached record trading activity during Q3 2024 with 517 million contracts traded during the quarter, including a record 276 million energy futures and options. “The...
Andrey Kalashnikov joins Match-Trade Technologies as Head of Match2Pay
Leading multi-asset trading platform provider Match-Trade Technologies has announced that Andrey Kalashnikov has joined the company as Head of Match2Pay, Match-Trade’s innovative crypto payment processing solution. With over 12 years of experience in the financial...
Alipay+ launches on KHQR, facilitating cross-border mobile payments into Cambodia
The National Bank of Cambodia and Ant International have officially launched Cross-border QR Code Payments between National Bank of Cambodia’s Bakong payment system and Ant International’s cross-border mobile payment and digitalization solutions, Alipay+. With this...
HK regulator fines Zheshang International Financial Holdings $2.66M for regulatory breaches
The Securities and Futures Commission (SFC) of Hong Kong has reprimanded and fined Zheshang International Financial Holdings Co., Limited $2.66 million for failures in complying with anti-money laundering and counter-financing of terrorism (AML/CFT) and other...
SGX FX hires EBS Direct head Hugh Whelan to run liquidity and data strategy
SGX FX, the FX arm of the Singapore Exchange, has announced the appointment of Hugh Whelan, previously head of CME Group owned EBS Direct, as their new head of liquidity management and data strategy. Based in London, Hugh Whelan will be responsible for driving the...
Broadridge introduces enhanced services and solution capabilities for international post-trade processing
Broadridge Financial Solutions, Inc. (NYSE:BR) has launched a range of enhanced services and solution capabilities for international post-trade processing. These capabilities enable firms to comply with the European Union’s Digital Operational Resilience Act (DORA)...
UBS’s recovery and emergency plans to be revised due to takeover of Credit Suisse
UBS’s recovery and emergency plans will be revised due to the takeover of Credit Suisse. The Swiss Financial Market Supervisory Authority (FINMA) has suspended the annual approval of the recovery and emergency plans and determined that the integration of CS requires...
Majority of Hargreaves Lansdown shareholders vote in favor of acquisition offer by CVC, Nordic Capital
Hargreaves Lansdown plc (LON:HL) has announced the results of a general meeting of its shareholders held earlier today. The purpose of the meeting was to vote on the proposed acquisition by Harp Bidco Limited, a newly formed company indirectly owned by CVC Private...
eToro adds GBP and EUR funded trades
Social trading focused online broker eToro has announced that it has enhanced its local offering for users in the UK and Europe, by allowing them to trade in GBP or EUR, alongside USD. eToro users can now fund trades directly from their balances within their GBP or...
SEC goes after Jeffrey Arsenault and Old Greenwich Capital Advisors
The Securities and Exchange Commission (SEC) has filed a lawsuit against Jeffrey Arsenault, Old Greenwich Capital Advisors, LLC, and OGCP Management Co, LLC. The relevant complaint was submitted on October 11, 2024, at the Connecticut District Court. The SEC’s...
Exclusive: Leverate CEO Ran Strauss on new broker management platform TextPilot
FNG Exclusive Interview… Following our recent report that leading trading technology provider Leverate had unveiled a new management platform for brokers and prop firms called TextPilot – which has generated a lot of interest for its customization and personalization...
LME imposes £40k fine on Marex Financial
The London Metal Exchange (LME) has posted a notice of a settlement between LME and Marex Financial (MFL) which includes a financial penalty of £40,000. The alleged misconduct relates to a breach of paragraphs 26 and 27 of Notice 21/141 dated 13 July 2021 and...
Beeks secures ISO certifications for quality and sustainability
Beeks has achieved two globally recognised certifications—ISO 9001 for quality management and ISO 14001 for environmental management. These certifications mark an important milestone in Beeks’ commitment to delivering not just high-performance technology solutions,...
eToro adds $TON to cryptoasset lineup
Online broker eToro is introducing a new experimental cryptoasset category. It spotlights innovative and emerging projects in the cryptoasset world. The broker also announced the arrival of Toncoin (TON) to the eToro platform, one of its first experimental...
Amar Kuchinad replaces Dmitry Tokarev as CEO of crypto custody provider Copper.co
Digital asset custody, collateral management and prime services company Copper.co has announced that it has appointed Amar Kuchinad (pictured above) as its new Global CEO. Amar Kuchinad will lead Copper’s global growth strategy, driving its institutional-first...
Hong Kong’s virtual banks set to become digital banks
The Hong Kong Monetary Authority (HKMA) published today the conclusions on the public consultation on the proposal to rename Hong Kong’s virtual banks. The HKMA received a total of 26 submissions from various parties including industry/professional associations,...
Exclusive: Tauro Markets onboards Marc Suárez as Marketing Manager
FNG Exclusive… FNG has learned that newly formed Retail FX and CFDs broker Tauro Markets is continuing its recent hiring spree, adding experienced industry marketing executive Marc Suárez as its new Marketing Manager. Marc Suárez, who is based out of Madrid, joins...
Interactive Brokers adds more SGX products to offering
Electronic trading major Interactive Brokers has enriched its lineup of investment instruments by adding more SGX products. SGX provides listing, trading, clearing, settlement, depository and data services, with about 40% of listed companies and over 80% of listed...
FX week in review: Spotware CMO leaves, ATFX invests in eFX provider, Trading 212 profits fall, Daman Markets adds COO
Before we get to the top stories of the week, we’re pleased to report that with another month in the books, it was another month of record traffic at FNG in September! Whether it was Revolut launching a new CFDs trading app, XTB’s founder cashing out to the tune of...
Speculator Bets led by MSCI EAFE-Mini & VIX :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday October 8th and shows a quick view of how large traders...
US Dollar Index Speculator bets fall for 4th straight week to 6-month low :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday October 8th and shows a quick view of how large market...
Speculator Bets led higher by Corn & Soybeans :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday October 8th and shows a quick view of how large...
Speculator Bets led by 10-Year Bonds & US Treasury Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday October 8th and shows a quick view of how large...
Australian Dollar & VIX lead weekly Bullish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on October 8th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Speculator Bets led by Steel & Palladium :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday October 8th and shows a quick view of how large traders...
EBC Financial adds second Australia ASIC license for Asset Management
Retail FX and CFDs broker EBC Financial has announced that the group has received a second ASIC Australian Financial Services Licence (AFSL), for Asset Management. The group’s EBC Financial Group (Australia) Pty Ltd already holds an ASIC AFSL license, from which it...
SEC charges Norman Meier with multi-million dollar securities fraud
The Securities and Exchange Commission (SEC) has filed charges against Massachusetts resident Norman V. Meier, for allegedly conducting a multi-million dollar securities fraud involving the offer and sale of several stocks to investors in Europe and the United States....
Hurricane Milton is putting downward pressure on natural gas and upward pressure on oil :: InvestMacro
At Thursday’s close, the Dow Jones Index (US30) was down 0.14%, while the S&P 500 Index (US500) decreased by 0.21%. The NASDAQ Technology Index (US100) closed negative 0.05%. The US stocks closed slightly lower on Thursday following the release of a...
Cristina Alba Ochoa to step down as interim CFO of Metro Bank
Metro Bank announces that Cristina Alba Ochoa will step down as interim Chief Financial Officer on 14 October 2024. She will be appointed as a shareholder-nominated Non-Executive Director on 15 October 2024. This follows a nomination by Spaldy Investments Limited,...
Gold Recovers Amid Mixed US Economic Indicators :: InvestMacro
By RoboForex Analytical Department Gold prices recovered, reaching 2,644.00 USD per troy ounce on Friday, as investors navigated mixed signals from recent US economic data. The resilience in September’s employment market introduced some hesitations regarding the...
Saxo Bank to make changes to OpenAPI
Multi-asset investment specialist Saxo Bank has announced upcoming changes to its OpenAPI. As Saxo has released version 3 of the charts endpoints, it will be deprecating version 1 in February 2025. Saxo has rolled out a new version of its charting endpoint that has...
Will TSMC rejoin the trillion-dollar club? :: InvestMacro
US listed TSMC shares ↑ almost 80% YTDLess than 4% away from all-time high created in JulyForward guidance for Q4 in focusFXTM’s TWN index could see fresh volatilityTechnical levels for TSMC – $192.65, $183.00 and $177.00Another slew of key data releases and corporate...
Exclusive: Prospero Markets client repayment delayed as Court orders a Contradictor
FNG Exclusive… FNG has learned via court filings made in Australia that the liquidators of bankrupt Retail FX and CFDs broker Prospero Markets now expect that repayment of funds to former clients of the company will be delayed, beyond a previously projected...
Interactive Brokers expands access to products on HKEX
Electronic trading major Interactive Brokers continues to grow the lineup of investment instruments available to its clients. Interactive Brokers recently expanded access to products on the HKEX, including: 85 ETFs for Northbound trading to Stock Connect FOP on Hang...
Japanese MoF suspends Nomura Securities’ Special Entitlements of JGB Market Special Participants
Japan’s Ministry of Finance today announced the suspension of Nomura Securities’ Special Entitlements of JGB Market Special Participants. The suspension will run from October 15, 2024 to November 14, 2024. The move follows a recommendation issued on September 25,...
Italy’s CONSOB orders blocking of access to more unauthorized investment websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to eight new websites that offer financial services illegally. In issuing the orders, the Authority made use of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law...
Monex updates on Coincheck’s plans for Nasdaq listing
Japan-based online brokerage Monex Group today issued an update on Coincheck’s plans to go public. Coincheck Group B.V. (CCG), a consolidated subsidiary of Monex Group, Inc, is working closely with Thunder Bridge Capital Partners IV, Inc. (THCP), a special purpose...
Konsolidator completes private placement – FX News Group
Konsolidator has announced the completion of the private placement as all 573,979 new shares have been subscribed for and the total subscription amount of DKK 2.2m has been received by Konsolidator. The new shares and the related capital increase will be registered at...
IC Markets launches Season 5 of ICYT produced by Bloomberg Media Studios
IC Markets is excited to announce the launch of the highly anticipated fifth season of IC Your Trade (ICYT), produced in collaboration with Bloomberg Media Studios. This season brings a sharper focus on the latest market developments, offering traders timely insights...
BGC Group acquires Sage Energy Partners
BGC Group, Inc. (NASDAQ:BGC), a global brokerage and financial technology company, today announced it recently acquired Sage Energy Partners, LP, an energy and environmental brokerage firm. This acquisition will expand BGC’s energy brokerage services in the U.S. and...
Exclusive: 3angleFX hires BDSwiss exec Nita Georgiadou as Head of Back Office
FNG Exclusive… FNG has learned that Cyprus based Triangleview Investments Ltd, which operates the 3angleFX Retail FX and CFDs brokerage brand, has hired Nita Georgiadou as the company’s new Head of Back Office. Nita Georgiadou joins 3angleFX from BDSwiss, where she...
SEC charges Cumberland DRW for operating as unregistered dealer in crypto assets
The Securities and Exchange Commission (SEC) today charged Chicago-based Cumberland DRW LLC with operating as an unregistered dealer in more than $2 billion of crypto assets offered and sold as securities, in violation of the registration requirements of the federal...
SEC brings charges against Rimar Capital entities and owner Itai Liptz
The Securities and Exchange Commission (SEC) today announced charges against Rimar Capital USA, Inc. (Rimar USA), Rimar Capital, LLC (Rimar LLC), Itai Liptz, and Clifford Boro for making false and misleading statements about Rimar LLC’s purported use of artificial...
CAB Payments confirms receipt of acquisition proposal from StoneX
The Board of CAB Payments announced today that, on 23 September 2024, it received a revised unsolicited non-binding proposal from StoneX relating to a possible offer for the entire issued and to be issued share capital of CAB Payments at a price of GBP 1.45 per CAB...
Eyes 100-day SMA ahead of US CPI data :: InvestMacro
Traders pricing in 85% prob of Fed cut in NovemberOver past year, US CPI triggered ↑ 0.8% & ↓ 0.6%Technical levels – 100 & 200-day SMA Dollar bulls continue to dominate the G10 space, crushing all obstacles.A mixture of geopolitical risk and cooling Fed cut...
FINRA imposes $1.2M fine on IMC Financial Markets
IMC Financial Markets has agreed to pay a fine of $1.2 million as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From the start of its Consolidated Audit Trail (CAT) reporting obligation on June 22, 2020, through June 30, 2023, IMC...
Investors expect inflationary pressures to ease in the US. The People’s Bank of China launched a mechanism to support the stock market :: InvestMacro
At the end of Wednesday, the Dow Jones Index (US30) rose by 1.03%, while the S&P 500 Index (US500) gained 0.71%. The NASDAQ Technology Index (US100) closed yesterday positive 0.60%. Positive comments from Fed Vice Chairman Jefferson are helping stocks rise as he...
Saxo Client Sentiment Survey indicates softening investor confidence in global equity markets
As we transition into the final quarter of 2024, multi-asset investment specialist Saxo has conducted another survey of its clients, revealing a notable shift in market sentiment compared to previous quarters. The latest Saxo Client Sentiment Survey indicates that...
AUD/USD Stabilises Near Monthly Low Amid Mixed Signals :: InvestMacro
By RoboForex Analytical DepartmentThe AUD/USD pair has halted its nearly continuous seven-day decline, stabilising around 0.6730 on Thursday. This level marks the monthly low for the Australian dollar, which has faced significant pressures lately due to a...
Deriv Prime’s Debbie Georgiou on Debunking the Myth of “One Stream Fits All” in Liquidity Provision
FNG Exclusive Interview… Debbie Georgiou, Deriv Prime Lead, discusses the limitations of standardised liquidity and how a tailored approach can empower brokers in the evolving FX and CFDs landscape. FNG: Hi Debbie, and thanks for joining us today. Talk to us about...
Tradu engages Data Intellect to support its multi-asset trading platform
London based multi-asset trading platform developer Tradu has announced that it has teamed up with Data Intellect, a Belfast based global data and technology firm, to support the launch of its innovative platform. Through this partnership, Data Intellect will help to...
New Zealand Banking Association selects obconnect to deliver Confirmation of Payee ecosystem
PayPoint has today announced that Open Banking technology provider obconnect has secured the contract to deliver the Confirmation of Payee ecosystem in New Zealand, partnering with the New Zealand Banking Association (NZBA). This follows the announcement on 1 August...
FCA imposes £10.9M fine on TSB over treatment of customers in financial difficulty
The UK Financial Conduct Authority (FCA) has fined TSB Bank plc £10,910,500 for failing to ensure customers who were in arrears were treated fairly. It also lacked suitable systems and controls to secure fair outcomes. TSB has paid £99.9m in redress to the 232,849...
AmerX to leverage Broadridge tech platform SFCM to support new securities lending business
Americas Executions (AmerX), a full-service broker-dealer, implements technology platform Securities Finance and Collateral Management (SFCM) from fintech company Broadridge Financial Solutions, Inc. (NYSE:BR) to drive growth for its newly launched securities lending...
Exclusive: Trivepro sees 18% decline in 2023 Revenues ahead of FCA license cancellation
FNG Exclusive… FNG has learned via regulatory filings that Trive Financial Services UK Limited, which operates the Trivepro institutional brokerage brand, posted an 18% decline in Revenues in 2023, and halving of its profits, ahead of a decision made earlier this year...
Interactive Brokers introduces Commentary Generator leveraging AI
Electronic trading major Interactive Brokers recently introduced new features and services to help advisors on its platform. Commentary Generator is an innovative tool leverages generative AI to automatically create reports for clients that summarize their latest...
NZD/USD Hits Seven-Week Low Amid Ongoing Sell-off and RBNZ Rate Cuts :: InvestMacro
By RoboForex Analytical Department The NZD/USD pair has dropped to a seven-week low, touching 0.6091, as the sell-off that started on 1 October continues to intensify. The New Zealand dollar’s weakness is largely attributed to the Reserve Bank of New Zealand’s (RBNZ)...
Samer Alkhaldi joins HFM to head Business Development MENA
Cyprus based Retail FX and CFDs brokerage group HFM, formerly known as HotForex, has announced that the company has hired Samer Alkhaldi as the company’s new Regional Head of Business Development for the MENA market. Samer Alkhaldi spent the past 8+ years at Tickmill,...
How a subfield of physics led to breakthroughs in AI – and from there to this year’s Nobel Prize :: InvestMacro
By Veera Sundararaghavan, University of Michigan John J. Hopfield and Geoffrey E. Hinton received the Nobel Prize in physics on Oct. 8, 2024, for their research on machine learning algorithms and neural networks that help computers learn. Their work has been...
Crypto exchange XBO.com integrates Muinmos automated compliance solutions
Crypto exchange XBO.com has announced that it has partnered with Muinmos, a leader in automated compliance solutions, to elevate its KYC processes, enhance its risk management and enable users to be onboarded quickly and securely. XBO.com has integrated Muinmos’ SaaS...
Wedged between 50 and 200-day SMA :: InvestMacro
Bitcoin ↓ 2.6% in OctoberHBO doc identifies Peter Todd as Bitcoin creatorOver past year Fed minutes triggered moves of ↑ 2.2% & ↓ 1%Over past year US CPI triggered moves of ↑ 1.8% & ↓ 2.9%Technical levels: $63,500 & $61,000Bitcoin has found itself trapped...
Stripe collaborates with NVIDIA to advance AI-powered capabilities
Stripe, a financial infrastructure platform for businesses, today announced a new collaboration with NVIDIA that will advance AI for Stripe and improve fraud detection for its customers. With Stripe, NVIDIA will expand global access to NVIDIA GPUs and NVIDIA AI...
RBNZ cut the rate by 0.5%. RBI kept the rate at 6.5% for the tenth consecutive meeting :: InvestMacro
At Monday’s close, the Dow Jones Index (US30) was up 0.30%, while the S& P500 Index (US500) was up 0.97%. The NASDAQ Technology Index (US100) closed positive 1.45% yesterday. Stocks rose amid upbeat comments from New York Fed Chairman Williams, who said the Fed is...
TradingView adds Global Menkul to its list of partner brokers
TradingView has added Global Menkul to its list of partner brokers. This addition allows users to seamlessly execute their strategies in the Turkish markets directly from the TradingView platform. Founded in 1990 with a capital of 5,000 Turkish liras and a team of...
Exclusive: GTCFX Cyprus office head Sarah Hall returns to Axi
FNG Exclusive… FNG has learned that Sarah Hall, who was hired last year by Dubai based Retail FX and CFDs broker Global Trade Capital (GTC Group, or GTCFX) as General Manager for GTCFX’s newly set up Cyprus office, has left GTCFX and returned to Axi. Sarah Hall was...
Marex set to acquire FX specialist Hamilton Court Group
Marex Group plc (NASDAQ:MRX), a diversified global financial services platform, today announces that it has agreed terms to acquire Hamilton Court Group which will expand the FX services it offers clients, consistent with its strategy to bring new clients and new...
CLS reports no negative impact to CLSSettlement after transition to T+1 settlement in the US
CLS today provided an update on the impact to CLSSettlement following the move to T+1 for securities settlement in the US. Before the implementation of T+1 for securities settlement in the US and Canada, CLS analyzed CLS transaction data to assess how the move could...
Swiss Competition Commission approves proposed acquisition of Hargreaves Lansdown
CVC Advisers Limited today provided an update regarding the proposed acquisition of Hargreaves Lansdown. On 8 October 2024, the Swiss Competition Commission unconditionally approved the acquisition in writing. Let’s recall that, on 9 August 2024, the HL Independent...
Interactive Brokers collaborates with SNB Capital to allow investors to access Saudi Exchange
Electronic trading major Interactive Brokers Group Inc (NASDAQ:IBKR) and Saudi investment bank SNB Capital have announced a collaboration that will allow eligible international investors to access the Saudi Exchange through the Interactive Brokers platform. Clients of...
HK regulator imposes $4.95M fine on CSC Futures (HK) Limited
Hong Kong’s Securities and Futures Commission (SFC) has reprimanded and fined CSC Futures (HK) Limited (CSC) $4.95 million for failures in complying with anti-money laundering and counter-financing of terrorism (AML/CFT) and other regulatory requirements between...
Worldline, OPP introduce new Embedded Payments solution in Europe
Payment services provider Worldline and Online Payment Platform (OPP) today announced the launch of their innovative Embedded Payments solution in Europe. This collaboration provides businesses with a suite of payment capabilities that are uniquely designed to address...
CME Group to launch new CME Cross Currency API
On Monday, October 21, international derivatives marketplace CME Group will launch the new CME Cross Currency API. This is a complementary REST API to retrieve the existing EUR/USD Cross Currency Basis Index data, which measures the basis point deviation from the...
RBA plans to hold rates until the end of the year. The US stock market is under pressure from rising bond yields. :: InvestMacro
At Monday’s close, the Dow Jones (US30) Index was down 0.94%, while the S&P 500 (US500) Index fell by 0.96%. The NASDAQ Technology Index (US100) closed negative 1.18%. Lower expectations of a Fed rate cut drove bond yields higher and hurt stocks. 10-year T-note...
CME to add USD/CNH spot FX basis spreads on CME FX Link
Effective Sunday, November 24, 2024 for trade date Monday, November 25, 2024, and pending all relevant Commodity Futures Trading Commission (CFTC) regulatory review periods, Chicago Mercantile Exchange Inc. (“CME”) will extend the listings of CME FX Link on the CME...
Is This Copper Co. Extremely Undervalued? :: InvestMacro
Technical Analyst Clive Maund shares his thoughts on Interra Copper Corp. (Imcx:CSE; Imimf:Otcqb; 3MX:FRA) to explain why he believes it is an Immediate Buy.Interra Copper Corp. (IMCX:CSE; IMIMF:OTCQB; 3MX:FRA) hasn’t done much since we looked at it in August, and has...
ANZ becomes first Australian bank as liquidity provider on FXSpotStream
Multibank FX streaming service FXSpotStream has announced that ANZ (ASX:ANZ) has become the first Australian bank to join FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, extending the bank’s FX wholesale liquidity. As the 17th liquidity provider on...
The Energy Bull Has Returned :: InvestMacro
Last week, I decided to write about the fiscal bazooka engaged by Chinese President Xi Jinping that sent Chinese equities into a vertical moon rocket with relative strength for the major indices, hitting an all-time record at 91. From David Tepper to Louis Gave, the...
Exclusive: Elena Kupriianova joins Kama Capital as CMO
FNG Exclusive… FNG has learned that experienced FX industry marketing executive Elena Kupriianova has left her position as Chief Marketing Officer (CMO) of cTrader platform developer Spotware Systems, to join MENA focused Retail FX and CFDs broker Kama Capital...
Nasdaq announces planned launch of PureStream in Europe
Nasdaq (NASDAQ:NDAQ) today announced the planned launch of PureStream, a new volume-based trajectory trading solution giving clients access to EU shares on Nasdaq Europe. PureStream is already available in the US and Canada and is expected to launch on Nasdaq Europe...
Finery Markets adds Stillman Digital to crypto ECN liquidity providers
Limassol, Cyprus based institutional crypto solutions provider Finery Markets has announced that it has partnered with Stillman Digital, a global technology and digital asset liquidity provider which has facilitated over $20 billion in trade volume since 2021....
Dukascopy warns of another fraudulent clone
Dukascopy Bank SA has issued a warning to the public against dealing with an entity abusing its data. Dukascopy says a clone is operating via the domain https://dukasaitrades.eu/. Please be aware that this website is not controlled and does not belong to Dukascopy...
Spuerkeess partners with Clearstream on fund execution and distribution services
Luxembourg’s state-owned bank Spuerkeess has announced its decision to partner with post-trade services provider Clearstream for the execution and distribution of its investment fund business. The move underscores the shared heritage and identity of the institutions,...
Devexperts integrates its AI-powered virtual assistant Devexa with Discord
Devexa, the AI-powered virtual assistant and chatbot from global software developer for the capital markets industry, Devexperts, has integrated with instant messaging and VoIP social platform, Discord. The integration will add to Devexa’s multichannel functionality,...
Trading 212 Group profits drop 35% in 2023, launches Australia branch
After seeing its Revenues drop by 17% in 2022, things stabilized somewhat at London/Sofia based online broker Trading 212 in 2023, with the company’s Revenue up slightly (by 1%), hitting £116.2 million (USD $152 million) versus £114.9 million the previous year....
TradingView adds more levels to Parallel Channel
As TradingView continues to enhance its drawing tools to keep up with the highest of industry standards, the charting platform has added more levels to its Parallel Channel. Thanks to this enhancement, users of the platform can more easily analyze the price trends. To...
Cboe Global Markets announces listing of new ADRhedged securities on Cboe US
Cboe Global Markets, Inc has announced the listing of new ADRhedged™ securities (ADRH) on Cboe U.S. beginning today. The new ADRHs are sponsored by Precidian Investments, an industry leader in the creation of innovative financial products. To provide the currency...
Teachers feel most productive when they use AI for teaching strategies :: InvestMacro
By Samantha Keppler, University of Michigan and Clare Snyder, University of Michigan Teachers can use generative AI in a variety of ways. They may use it to develop lesson plans and quizzes. Or teachers may rely on a generative AI tool, such as ChatGPT, for insight on...
Exclusive: Zenfinex hires ATFX Connect exec Steve Whittet to head Institutional Sales
FNG Exclusive… FNG has learned that FCA regulated broker Zenfinex has hired experienced FX and CFDs industry executive Steve Whittet, as Commercial Director and Head of Institutional Sales. Steve Whittet joins Zenfinex from ATFX Connect, the London based institutional...
Oil rises amid escalating conflict in the Middle East. Inflationary pressures are easing in Vietnam :: InvestMacro
On Friday, the Dow Jones (US30) Index gained 0.81% (for the week +0.15%), while the S&P 500 (US500) Index gained 0.90% (for the week +0.43%). The NASDAQ Technology Index (US100) closed positive 1.22% (for the week +0.38%). Stocks rose on Friday as a...
21Shares urges ESMA to create regulatory framework including crypto assets in UCITS funds
21Shares AG, an issuer of crypto exchange-traded products (ETPs), is urging the European Securities and Markets Authority (ESMA) to create a unified regulatory framework for including crypto assets in UCITS (Undertakings for Collective Investment in Transferable...
M4Markets hires Trade Nation exec Josh Fieldhouse as Head of Partnerships
Cyprus based Retail FX and CFDs broker M4Markets has made its second senior level hire in London in as many weeks, adding Josh Fieldhouse as Global Head of Partnerships. Josh Fieldhouse joins M4Markets from London based broker Trade Nation, where he worked for the...
FCA notes recent increase in acquisition of firms or their assets
The UK Financial Conduct Authority (FCA) has sent a letter outlining its expectations for financial advisers and investment intermediaries. The regulator notes the increase in the acquisition of firms or their assets over the last two years. While industry...
Regulated crypto exchange One Trading adds Binance alum Marcus Bacchi-Howard as Head of Sales
One Trading, a leading regulated European crypto-asset exchange, has announced that it continues to strengthen its leadership team with the appointment of Marcus Bacchi-Howard as Head of Sales. Marcus, a seasoned leader with significant experience in the digital asset...
Euronext launches expanded range of German, Irish and Portuguese Single Stock Options
Pan-European market infrastructure Euronext announces the launch of an expanded range of Single Stock Options from Germany, Ireland and Portugal, effective today. Euronext is introducing 21 new German Single Stock Options, completing its coverage of all DAX 40 Index...
Brokeree and Dynamic Works partner on integrated CRM for Prop Trading firms
Cyprus based fintech CRM platform provider Dynamic Works Syntellicore has announced the launch of a new integrated feature for Brokeree Prop Pulse – an account management system for prop trading firms. This latest enhancement enables clients to easily select from a...
eToro enables traders to set multiple price alerts
Online broker eToro has introduced a new feature on its platform, enabling traders to set multiple price alerts. Now, users of the eToro platform can create, update, and delete multiple price alerts for any single instrument. With the new Price Alert functionality,...
Worldline appoints Paul Marriott-Clarke as Head of Merchant Services business
Payment services provider Worldline announces the appointment of Paul Marriott-Clarke as Head of Merchant Services business, effective 7 October 2024. Paul Marriott-Clarke succeeds Marc-Henri Desportes, who has led the division since February 2024 alongside his other...
Exclusive: Daman Markets adds Omar Qaryouti as COO
FNG Exclusive… FNG has learned that newly launched, MENA focused Retail FX and CFDs broker Daman Markets has made another addition to its senior management team, hiring experienced industry executive Omar Qaryouti as Chief Operating Officer (COO). Omar Qaryouti joins...
US30 ripe for a steep pullback? :: InvestMacro
*Note: This report was written before the US NFP data was published*April only negative trading month in 2024Over past year, US CPI triggered ↑ 0.7% & ↓ 0.8%Technical levels – 42400 & 41900A cocktail of high-impact events could present fresh trading...
Want to solve a complex problem? Applied math can help :: InvestMacro
By Alan Veliz-Cuba, University of Dayton You can probably think of a time when you’ve used math to solve an everyday problem, such as calculating a tip at a restaurant or determining the square footage of a room. But what role does math play in solving complex...
Economists expect a strong US labor market report. Oil rises amid possible Israeli attack on Iranian oil facilities :: InvestMacro
At Thursday’s close, the Dow Jones (US30) Index was down 0.44%, while the S&P 500 (US500) Index decreased by 0.17%. The NASDAQ Technology Index (US100) closed negative 0.04%. On Thursday, all three major US indices ended trading in the red as investors fear...
Companies keep selling harmful products – but history shows consumers can win in the end :: InvestMacro
By Jonathan D. Quick, Duke University and Eszter Rimanyi, Duke University In 2023, 42 state attorneys general sued Meta to remove Instagram features that Meta’s own studies had shown – and independent research had confirmed – are harmful to teenage girls.The same...
EUR/USD hits three-week low amid ECB easing expectations :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair has descended to 1.1027, marking its lowest point in three weeks. The drop reflects market anticipation that the European Central Bank (ECB) will continue to ease monetary policy aggressively, spurred by sluggish...
Italy’s CONSOB orders blocking of access to four new unauthorized investment websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to four new websites that offer financial services illegally. The Authority availed itself of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law no. 58 of 28 June...
Monex Group completes transfer of shares of Monex Boom Securities (HK)
Japan-based online trading company Monex Group, Inc. announces that the transfer of all shares of Monex Boom Securities (H.K.) Limited and two other subsidiaries was completed today. As a result of the transfer, Monex Boom Securities (H.K.) Limited is excluded from...
Interactive Brokers adds One Cancels Another order type in IBKR Mobile app
Electronic trading major Interactive Brokers continues to enhance the capabilities of its mobile solutions. The broker has added the One Cancels Another order type in IBKR Mobile. Navigate to the Order Ticket (select a product from your Watchlist or Portfolio), and...
ASIC secures Court order appointing liquidators to Global Capital Property Fund
The Federal Court of Australia has made orders for property investment company Global Capital Property Fund Limited (GCPF) to be wound up on just and equitable grounds, appointing Ross Blakely and Kelly-Anne Trenfield of FTI Consulting as liquidators. The Australian...
Signet Securities to pay $100k fine to settle FINRA charges
Signet Securities, LLC has agreed to pay a fine of $100,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From June 30, 2020, through the present, Signet Securities failed to maintain, and enforce written policies and procedures,...
OPEC+ maintains production quotas. Mexican peso strengthens as new president takes office :: InvestMacro
At the end of Wednesday, the Dow Jones Index (US30) gained 0.09%, while the S&P 500 Index (US500) added 0.01%. NASDAQ Technology Index (US100) closed positive 0.08%. Increasing geopolitical risks dampened optimism over a possible interest rate cut in the US....
Interactive Brokers launches Forecast Contracts on upcoming US election results
Interactive Brokers (NASDAQ:IBKR), an automated global electronic broker, today announced the planned launch of Forecast Contracts on upcoming US election results. This innovative addition allows US investors to trade their predictions on US political outcomes,...
CubeSats, the tiniest of satellites, are changing the way we explore the solar system :: InvestMacro
By Mustafa Aksoy, University at Albany, State University of New York Most CubeSats weigh less than a bowling ball, and some are small enough to hold in your hand. But the impact these instruments are having on space exploration is gigantic. CubeSats – miniature, agile...
Minneapolis Grain Exchange to change its name to MIAX Futures Exchange
Miami International Holdings, Inc. (MIH) today announced the renaming of Minneapolis Grain Exchange, LLC (MGEX), a wholly owned subsidiary of MIH, to MIAX Futures Exchange, LLC. MIAX Futures provides MIH with a Designated Contract Market (DCM) and Derivatives Clearing...
NZD/USD Dips as Market Anticipates RBNZ Rate Cut :: InvestMacro
By RoboForex Analytical Department The NZD/USD pair continues its downward trend, dropping to 0.6240 in its third consecutive session of declines. This ongoing sell-off in the New Zealand dollar is driven by market expectations of an upcoming interest rate cut by the...
FCA commences criminal proceedings against two individuals for insider dealing
The UK Financial Conduct Authority (FCA) has started a criminal prosecution against Matthew and Nikolas West for insider dealing. Matthew and Nikolas West are jointly charged with conspiracy to deal in four stocks while having inside information. Matthew West has...
What to expect with the US dockworkers strike :: InvestMacro
By Anna Nagurney, UMass Amherst Getting any product to consumers, whether it’s a can of sardines or a screwdriver, requires that supply chains function well.The availability of labor is essential in each link of the supply chain. That includes the workers who make...
Trading Technologies forms Platform Services business unit
Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, today announced the creation of a Platform Services business unit, bringing together the company’s global Product Development and Services teams into a single group....
Visa unveils Visa Commercial Solutions Hub
Digital payments provider Visa (NYSE:V) announced a new commercial payments ecosystem, the Visa Commercial Solutions Hub. This strategic initiative will provide financial institutions and businesses efficient access to a wide range of commercial payment solutions,...
ION’s LIST upgrades FastTrade solution to expand access to Cboe Europe equities trading mechanisms
LIST, an ION company, has upgraded its FastTrade trading solution to offer access to additional equity trading mechanisms from Cboe Europe. With this upgrade, LIST’s customers can now access Cboe’s Dark and Periodic Auction Books, the largest mechanisms in their...
IG Japan to increase margin rates for crude oil CFDs
IG Securities, the Japanese subsidiary of electronic trading major IG Group, will change the trading conditions for certain commodity CFDs. In light of the increasing tensions in the Middle East, the broker will raise the minimum maintenance margin rate for new...
Belgium’s FSMA warns against companies suspected of recovery room fraud
The Financial Services and Markets Authority (FSMA) of Belgium is warning the public against certain companies suspected of recovery room fraud. Recovery room fraud is a practice whereby fraudsters offer to help victims of investment fraud to obtain compensation for...
Scope Prime connects to Centroid Solutions for liquidity distribution
Scope Prime, the offshore Belize domiciled liquidity brand of Rostro Financial Group, has announced the connection of its API into Centroid Solutions’ platform. Using Centroid Bridge, the integration offers Centroid’s clients aggregated access to the wide range of...
TCW picks State Street as investment services provider
State Street Corporation (NYSE:STT) and TCW have announced an expansion of their decades-long partnership that now includes the provision of middle office services. This engagement builds on and grows the existing suite of services that State Street continues to...
Queensland Supreme Court orders ISG Financial to wind up its registered managed investment schemes
The Queensland Supreme Court directed that receivers be appointed to A.C.N. 114 733 569 Limited (formerly ISG Financial Services Limited), the responsible entity for the ISG Private Access Fund and the ISG Real Estate Equity Fund, to wind up the Schemes in accordance...
Muinmos and Brokeree partner to support Prop Trading firms
RegTech firm Muinmos and broker tech solutions provider Brokeree Solutions have announced that they have partnered to bring more stability and legitimacy to prop trading for regulated brokers. The two firms will be leveraging their combined offering for clients,...
CFTC goes after SimTradePro and its founder
The Commodity Futures Trading Commission (CFTC) today announced a civil enforcement action in the U.S. District Court for the District of Oregon against SimTradePro Inc., an Oregon corporation, and its founder, Robert L. Adams. The complaint alleges the defendants...
DTCC appoints Andrea Gibbons as Managing Director, Chief HR Officer
The Depository Trust & Clearing Corporation (DTCC) today announced the appointment of Andrea Gibbons as Managing Director, Chief Human Resources Officer. Gibbons will join the DTCC Executive Committee and report to Francis (Frank) La Salla, DTCC’s President, Chief...
Brent Crude Oil Prices Rise Amid Geopolitical Tensions :: InvestMacro
By RoboForex Analytical Department Brent crude oil prices climbed to 74.55 USD per barrel by Wednesday, marking a significant increase driven by escalating geopolitical tensions in the Middle East. The previous session saw prices surge by over 2% as fears grew over...
Match-Trader platform receives ISO 27001:2022 Certification
Multi-asset trading platform provider Match-Trade Technologies has announced that Match-Trader, its flagship trading platform, has successfully obtained ISO 27001:2022 certification, a globally recognised standard for information security management systems (ISMS)....
Oil prices rise amid Iran’s attack on Israel. Bank of Japan has a conflict of interest with the new government :: InvestMacro
At Tuesday’s close, the Dow Jones Index (US30) was down 0.41%, while the S&P 500 Index (US500) lost 0.93%. The NASDAQ Technology Index (US100) closed negative 1.53%. Escalating tensions in the Middle East caused long liquidation pressure in equities on Tuesday....
CME Group to launch options on E-mini Select Sector futures and Dow Jones U.S. Real Estate Index futures
International derivatives marketplace CME Group today announced plans to launch options on six E-mini Select Sector futures, as well as on Dow Jones U.S. Real Estate Index futures, on October 28, pending regulatory review. “These new options on our liquid sector...
Markets on edge as geopolitical tensions mount :: InvestMacro
Escalating Middle East tensions rock marketsOil prices surge more than 5%Risk-off mood slams US equities and BitcoinUSDInd breaks above 101 while gold reboundsRisk aversion engulfed global markets yesterday (Tuesday, 1st October) as tensions flared up in the Middle...
FIS launches Digital Trading Storefront
Fintech company FIS (NYSE:FIS) today launched its Digital Trading Storefront, an innovative platform that enables banks, brokers, market makers and fund managers to offer their customers a differentiated cross-asset trading digital experience. The FIS Digital Trading...
Marex to acquire Aarna Capital
Marex Group plc, a diversified global financial services platform, today announced that it has agreed to acquire Aarna Capital Limited to expand its operations in the Middle East and grow its clearing business. Based in Abu Dhabi, Aarna Capital provides clearing,...
FCA fines Starling Bank £29M for failings in financial crime systems and controls
The UK Financial Conduct Authority (FCA) has fined Starling Bank Limited £28,959,426 for financial crime failings related to its financial sanctions screening. It also repeatedly breached a requirement not to open accounts for high-risk customers. Starling grew...
Euroclear ESES CSDs appoint Geert Desmedt as CEO
Euroclear ESES CSDs (Euroclear France, Euroclear Belgium and Euroclear Nederland) today announced the appointment of Geert Desmedt as Chief Executive Officer. With over 25 years’ experience within Euroclear Group, Mr Desmedt brings a wealth of knowledge to his new...
BofA expands its Virtual Payables capabilities in EMEA with launch of Virtual Payables Direct
Bank of America has expanded its Virtual Payables capabilities in EMEA1 with the launch of Virtual Payables Direct. The business-to-business (B2B) payment solution provides buyers with the usual working capital advantages of a card transaction – such as extended...
Euronext Securities acquires Acupay – FX News Group
Pan-European market infrastructure Euronext today announces that it has acquired substantially all the business of Acupay Group, global leader in financial reporting, corporate actions, cross-border tax relief, and securities processing. Founded in 2005, Acupay offers...
Equals confirms talks with Railsr, TowerBrook, JC Flowers on possible offer at advanced stage
Equals Group plc (LON:EQLS) today provided an update on the review of its strategic options. On 10 July 2024 the Board of Equals announced that it had received an improved indicative non-binding proposal from the consortium comprising Embedded Finance Limited...
A2X and Finalto align to enhance market access in South Africa
Leading institutional trading services and liquidity solutions firm Finalto has announced its MOA with A2X, a leading low-cost platform that uses the latest exchange technology and offers easy access to real time price data in South Africa. This collaboration is set...
CFTC imposes $4M fine on Barclays for swap reporting violations
The Commodity Futures Trading Commission (CFTC) today announced an order filing and simultaneously settling charges against Barclays Bank PLC for violations of the Commodity Exchange Act (CEA) and CFTC regulations relating to swap reporting. Barclays is registered...
Taishin Securities to pay $200k fine for wash sales
The Commodity Futures Trading Commission (CFTC) today issued an order filing and settling charges against Taishin Securities Co., Ltd., a Taiwanese financial services company, for engaging in wash sales and non-competitive transactions on the Chicago Mercantile...
Interactive Brokers registers 46% Y/Y increase in DARTs in September 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just reported its operating metrics for September 2024. The broker registered 2.634 million Daily Average Revenue Trades (DARTs) in September 2024, 46% higher than in September 2023 and 3%...
Tradition SEF LLC to pay $875k fine to settle CFTC charges
The Commodity Futures Trading Commission (CFTC) today announced an order filing and settling charges against Tradition SEF LLC (TSEF), a registered swap execution facility (SEF) based in New York. The order finds TSEF failed to establish and maintain adequate system...
BGC Derivative Markets, GFI Swaps Exchange to pay $1.3M to settle CFTC charges
The Commodity Futures Trading Commission (CFTC) today announced two orders filing and simultaneously settling charges against two swap execution facilities (SEFs), BGC Derivative Markets, L.P. and GFI Swaps Exchange, LLC, for failing to properly report data related to...
CME Group announces launch of Bitcoin Friday futures
International derivatives marketplace CME Group today announced that its Bitcoin Friday futures (BFF) have launched and are available for trading. A total of 31,498 contracts traded across two different contract weeks. The first trade, a block, took place on Sunday,...
Dukascopy warns public against dealing with fraudulent clone
Dukascopy Bank SA today issued a warning against a clone entity abusing its data. The fraudulent clone operates via the domain https://dukasai.eu/. The company warns that the above-mentioned website is not controlled and does not belong to Dukascopy Bank, Dukascopy...
Slips into Q4 on supply fears :: InvestMacro
OPEC+ JMMC, EIA & NFP in focusOver past year US NFP triggered ↑ 0.4% & ↓ 1.9%Key level of interest – $70.80The past few months have been rough and rocky for oil benchmarks.Crude and Brent shed over 16% in Q3 due to expectations around OPEC+ bringing back...
Exclusive: Isabella Mannucci leaves ATC Brokers for institutional sales role at DTT
FNG Exclusive… FNG has learned that experienced FX industry sales executive Isabella Mannucci has joined Retail FX and CFDs broker Direct Trading Technologies (DTT), as Institutional Sales Director. Isabella Mannucci joins DTT from ATC Brokers, where she was Head of...
Inflationary pressure in European countries continues to decline. Markets ruled out the possibility of RBA rate cut in November :: InvestMacro
On Monday, the Dow Jones Index (US30) gained 0.04%, and the S&P 500 Index (US500) rose 0.42%. The NASDAQ Technology Index (US100) closed positive 0.38%. The US stocks ended Monday in the green as investors digested Powell’s comments. During a speech at the...
Stax acquires BlockChyp – FX News Group
Stax, a payment technology provider, today announced its acquisition of BlockChyp, further expanding the company’s end-to-end processing capabilities. The addition of BlockChyp marks a significant, strategic expansion of Stax’s growing technology stack to drive...
Exclusive: GO Markets hires Pepperstone exec Richa Kawra as Head of Sales
FNG Exclusive… FNG has learned that Melbourne, Australia based Retail FX and CFDs broker GO Markets has hired experienced industry executive Richa Kawra, as the company’s new Head of Sales. Richa Kawra joins GO Markets after spending the past six years at rival...
Freetrade buys Stake UK clients and assets
US business news source CNBC is reporting that UK neobroker Freetrade has expanded in its home market by acquiring the UK client base and related assets of Australia based online broker Stake. Stake launched services for UK clients in 2020, and soon after Stake raised...
eToro introduces ARK-FutureFirst Smart Portfolio
Online broker eToro has partnered with ARK Invest, a global investment house specialising in thematic investing in disruptive innovation and groundbreaking technologies. Founded and managed by Cathie Wood, ARK was established in 2014. The new ARK-FutureFirst Smart...
Can NVDA’s Share Buybacks and AI Innovation Drive the Next Rally? :: InvestMacro
By The Ino.com TeamNVIDIA Corporation (NVDA) has undoubtedly been one of the hottest large-cap stocks this year, surging over 150% year-to-date and more than 195% in the past 12 months. This stellar performance is driven by the massive demand for its graphics...
LMAX acquires institutional swaps matching service FX HedgePool
Institutional FX and crypto broker LMAX Group has announced its acquisition of New York based FX HedgePool, a major institutional swaps matching service. The parties did not disclose the financial terms of the transaction. The FX HedgePool acquisition marks LMAX’s...
Tracey McDermott, Standard Chartered Head of CFCC, to retire
Standard Chartered today announced that Tracey McDermott, Group Head of Conduct, Financial Crime and Compliance (CFCC) will retire from the Group on 31 December 2024. Ms McDermott joined the Group in March 2017 as Group Head of Corporate, Public and Regulatory...
Mastercard, Amazon Payment Services to enable digital payment acceptance across Middle East and Africa
Mastercard and Amazon Payment Services have signed a multi-year commercial partnership agreement to digitize payment acceptance in Middle East and Africa, across countries including Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa and UAE. As part of...
UK regulator warns of clone of HF Markets
The UK Financial Conduct Authority (FCA) has issued a warning against a clone of HF Markets (UK) Limited. Clones are fraudulent entities that abuse the data (address, name, logo, etc) of licensed companies in order to lure potential victims. In reality, the cloned...
Uranium Co. Acquires Rio Tinto’s Wyoming Assets :: InvestMacro
Source: Joe Reagor (9/27/24)Roth MKM raised its target price on Uranium Energy Corp. (UEC:NYSE AMERICAN) after its agreement to acquire Rio Tinto Plc.’s (RIO:NYSE; RIO:ASX; RIO:LSE; RTPPF:OTCPK) Wyoming uranium assets for US$175 million in cash.Roth MKM analyst Joe...
FCA and PRA appoint Elizabeth Passey as Chair of FSCS
UK financial regulator The FCA, and the Prudential Regulation Authority (PRA), have announced that they have appointed Elizabeth Passey as Chair of the Financial Services Compensation Scheme’s (FSCS) board. She will take up the role on 1 October 2024. Elizabeth Passey...
Australian Dollar Reaches 19-Month High Boosted by Chinese Economic Stimulus and Weaker US Dollar :: InvestMacro
By RoboForex Analytical Department The AUD/USD pair climbed to 0.6922 on Monday, marking its highest point since February 2023. This surge was primarily triggered by China’s announcement of economic stimulus measures, which is significant given China’s status as...
Binance Kazakhstan obtains full Digital Asset Trading Facility license
Binance Kazakhstan has obtained a full Digital Asset Trading Facility (DATF) license from the Astana Financial Services Authority (AFSA). The license authorizes Binance Kazakhstan to operate a digital assets trading facility, act as a broker-dealer, and provide...
Oil rises amid escalating conflict in the Middle East. AUD and NZD reached multi-month highs :: InvestMacro
On Friday, the Dow Jones (US30) Index gained 0.33% (for the week +0.60%), while the S&P 500 (US500) Index fell 0.13% (for the week +0.43%). The NASDAQ Technology Index (US100) closed negative 0.13% (for the week +0.50%). The US personal spending and income reports...
Olumide Osunkoya pleads guilty to illegally operating crypto ATM network
Mr Olumide Osunkoya pleaded guilty to 5 offences at today’s hearing at Westminster Magistrates’ Court. This is the first UK conviction of its kind for offences relating to the operation of crypto ATMs. Mr Osunkoya is due to be sentenced for running multiple crypto...
Offshore CFDs broker ZaraFX rebranding as Zarvista Capital Markets
After teasing late last week on its social media channels that “change is coming,” and that “something big is on the horizon,” Dubai and Cyprus based Retail FX and CFDs broker ZaraFX announced this morning that it is rebranding to Zarvista Capital Markets. The...
FCA, BoE open Digital Securities Sandbox
The Bank of England and the UK Financial Conduct Authority (FCA) have opened the Digital Securities Sandbox (DSS). The Digital Securities Sandbox (DSS) aims to reshape regulation by allowing firms to test legislative changes in real world scenarios before the changes...
Coller Capital picks State Street to provide services across fund admin, currency management and transfer agency
State Street Corporation (NYSE:STT) has been appointed by Coller Capital to provide a comprehensive array of services across fund administration and accounting, custody, depositary services, currency management and transfer agency. Coller Capital is the largest...
Euroclear appoints Philippe Laurensy as CEO of Asia Pacific markets
Euroclear today announced the appointment of Philippe Laurensy as CEO of Euroclear’s Asia Pacific markets. In this role, he will be responsible for designing and implementing the company’s Asian strategy with the objective of seising new growth opportunities in the...
SFC imposes $3.99M fine on Profitech Securities for regulatory breaches
The Securities and Futures Commission (SFC) of Hong Kong has reprimanded and fined Profitech Securities Limited $3.99 million for failures to comply with the Securities and Futures (Financial Resources) Rules (FRR) and other regulatory requirements The SFC’s...
Saxo Bank closes Hong Kong office
Multi-asset investment specialist Saxo Bank informed its clients and partners today that it will be closing its Hong Kong office. The firm says its main priority is to ensure a smooth offboarding process for all impacted clients and partners. Saxo explained that due...
US Dollar Index Speculator bets drop for 2nd week to lowest since April :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday September 24th and shows a quick view of how large market...
Russell2000, VIX, Silver, Yen, Gold top Bullish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on September 24th.This weekly Extreme Positions report highlights the Most Bullish and Most...
Speculator bets led by Sugar & Soybeans :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday September 24th and shows a quick view of how large...
Speculator bets led by S&P500-Mini & Russell-Mini :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday September 24th and shows a quick view of how large traders...
FX week in review: eToro Australia acquisition, Zlatan brand ambassador, Uveler launch, fractional share CFDs rules
Which ASIC-licensed broker did eToro acquire in Australia? Which Retail FX and CFDs broker inked recently-retired football legend Zlatan Ibrahimović as its new brand ambassador? Who is behind the launch of new Cyprus based marketing agency Uveler Marketing? What new...
Speculator bets led by 10-Year & 5-Year Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday September 24th and shows a quick view of how large...
Speculator bets led higher by Copper & Gold :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday September 24th and shows a quick view of how large traders...
SEC charges UK citizen for hacking and trading scheme
The Securities and Exchange Commission (SEC) today announced charges against UK citizen Robert B. Westbrook for hacking into the computer systems of five U.S. public companies to obtain material nonpublic information about their corporate earnings and using that...
Rising electricity demand could bring Three Mile Island and other prematurely shuttered nuclear plants back to life :: InvestMacro
By Todd Allen, University of Michigan Constellation, an energy company that provides electricity and natural gas to customers in 16 states and Washington, announced on Sept. 20, 2024, that it plans to restore and restart Unit 1 at Three Mile Island, a nuclear plant...
CFTC fines Olam Group $3.25M for false, misleading, or inaccurate reporting of cotton sales
The Commodity Futures Trading Commission (CFTC) today issued an order filing and settling charges against Olam Group Ltd., a Singapore-based integrated supply chain manager, for submitting false, misleading, or inaccurate reports to the CFTC and the U.S. Department of...
Darren Pope to step down from his role as Non-Exec Director of Virgin Money UK
Hargreaves Lansdown plc (HL) today confirmed that Darren Pope, Non-Executive Director of HL, will step down from his role as Non-Executive Director of Virgin Money UK plc (and of Clydesdale Bank its subsidiary). Darren Pope The move is conditional upon, and with...
China continued to stimulate the economy. SNB cut the rate by 0.25% and plans further cuts :: InvestMacro
On Thursday, the Dow Jones Index (US30) gained 0.62%, and the S&P 500 Index (US500) rose by 0.40% and reached a new all-time high. The NASDAQ Technology Index (US100) closed positive 0.60%. Rising shares of chip companies drove the overall market higher. Micron...
TradingView partners with The Hague University of Applied Sciences
TradingView is expanding its Educational Partner Program by adding The Hague University of Applied Sciences. The Hague University of Applied Sciences (THUAS) was established in 1987 through the merger of six institutions of higher professional education in the Hague,...
All that glitters isn’t always gold… :: InvestMacro
By ForexTime Silver ↑ 33% since start of 202483% correlation with gold over past 5 yearsSupported by Fed cut & industrial demandOver past year US NFP triggered moves of ↑ 2.2% & ↓ 2.6%Bloomberg FX model – 70% – ($30.14 – $33.41)The week ahead is stacked with...
Exclusive: Themis Christou on the launch of Uveler Marketing
FNG Exclusive Interview… Earlier this week FNG reported exclusively that former The Trading Pit, M4Markets, and Tickmill CMO Themis Christou was launching a new marketing agency called Uveler Marketing, alongside a number of partners and senior hires from within the...
TechFinancials books no financial gain in H1 2024, continues to look for opportunities
TechFinancials Inc. today announced its unaudited interim results for the six-month period ended 30 June 2024 (“H1 2024”). The operating loss for the period was US$0.090m (H1 2023: loss of US$ 0.073m); the operating expenses for the period were attributed to general...
MetaQuotes rolls out MetaTrader 5 build 4570
Fintech company MetaQuotes has rolled out MetaTrader 5 build 4570, adding enhancements to the Web version and OpenBLAS integration in MQL5. The developers have added native integration with the OpenBLAS matrix computation library. OpenBLAS is a high-performance...
CySEC revises ‘finfluencer’ guidelines covering financial promotions on social media
Cyprus financial regulator CySEC has issued the following guide entitled “The Dangers of Social Media and the Finfluencers”. The regulator stated that TikTok, X (formerly Twitter) and Instagram have become the latest battleground to target potential investors, with an...
Stripe opens new flagship office in Toronto
Stripe, a financial infrastructure platform for businesses, today opened its new flagship office in Toronto. The expansion reflects Toronto’s growth as the fourth-largest market for tech talent in North America and reinforces Stripe’s commitment to Canada. Stripe...
HK regulator seeks order to protect interests of minority shareholders in LET and Summit Ascent
The Securities and Futures Commission (SFC) of Hong Kong has commenced legal proceedings under section 214 of the Securities and Futures Ordinance (SFO) in the Court of First Instance to seek a share repurchase order to protect the interests of independent minority...
FCA warns against unauthorised firm Forex Manipulation
The UK Financial Conduct Authority (FCA) has issued a warning against an unauthorised firm called Forex Manipulation. The regulator warns that this firm may be providing or promoting financial services or products without the necessary permission. You should avoid...
OANDA Japan to terminate Tokyo Server MT4 Discretionary Plan
OANDA Japan Inc, a subsidiary of online broker OANDA Corporation, has informed its clients of the pending termination of the Tokyo Server MT4 Discretionary Plan. Effective Thursday, September 26, 2024, the broker stops new creation of Tokyo Server MT4 Discretionary...
Exclusive: FxPro plans UK launch of Physical Shares trading
FNG Exclusive… FNG has learned that Cyprus based Retail FX and CFDs broker FxPro is planning to launch trading in physical shares, via its FCA licensed UK entity FxPro UK Limited. To date, FxPro has offered shares trading via Contracts-for-Difference (CFDs). The move...
BrokerTec on CME Globex to introduce new TOS priority feature for U.S. Repo instruments
Effective Sunday, December 15 (trade date Monday, December 16), BrokerTec on CME Globex will introduce the new Top of Stack (TOS) priority feature for U.S. Repo instruments. TOS prioritizes the passive managed order of the TOS owner based on the pre-defined TOS...
SNB will cut rates today. China plans to inject an additional 1 trillion yuan into the economy :: InvestMacro
At Wednesday’s close, the Dow Jones (US30) was down 0.70%, while the S&P 500 (US500) was down 0.19%. The NASDAQ Technology Index (US100) closed positive 0.14%. Rising shares of chip and artificial intelligence infrastructure companies boosted technology stocks and...
Visa to acquire Featurespace – FX News Group
Visa (NYSE:V) today announced it has signed a definitive agreement to acquire Featurespace, a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks. The acquisition of...
Tests 200-day SMA ahead of Powell & US data :: InvestMacro
Bitcoin ↑ 6% since Fed cut last weekFundamental spark could trigger price swingsPowell’s pre-recorded speech & US data in focusTough resistance at 200-day SMATechnical levels – $68,250, $64,000 & $60,000Bitcoin has struggled for direction since the Federal...
FIS to provide comprehensive card-based loyalty solution to Commerce Bank
Fintech company FIS (NYSE:FIS) today announced it will be providing a completely end-to-end loyalty program management platform for Commerce Bank. By collaborating with FIS on this strategic initiative, Commerce Bank seeks to offer faster, more flexible innovation for...
CySEC sets rules for brokers offering Fractional Share CFDs
The Cyprus Securities and Exchange Commission (CySEC) has issued a new Circular to provide guidance on the cases where fractional exposure in shares in companies, would qualify as exposure in Shares. Fractional shares trading has become a popular offering among CFDs...
London Stock Exchange to cease publication of FTSE Indices data via GTP
London Stock Exchange has informed customers of its intention to cease the publication of FTSE Indices data via the London Stock Exchange Group Ticker Plant (GTP). London Stock Exchange Group (LSEG) currently makes available a subset of FTSE Indices to customers that...
Dutch regulator warns against crypto pump-and-dump schemes
The Dutch Authority for the Financial Markets (AFM) is concerned about market manipulation in relation to trading in cryptos. Crypto pump-and-dump is a form of market manipulation to which investors can potentially fall victim. Organising and participating in a...
SquaredFinancial hires Renato Campos (ex Hantec, Admirals, XTB) as LaTAM analyst
Cyprus based Retail FX and CFDs broker SquaredFinancial has announced that the company has hired market analyst Renato Campos, as a key milestone in the company’s plans to expand and root its presence in Latin America. Based out of Pucón, Chile, Renato Campos brings...
Binance to disable Turkish language option on its website and app
The Turkish language option on the Binance.com website and Binance App will no longer be available as of September 27, 2024. Binance explains that this change is due to the new requirements pertaining to all non-Türkiye-based crypto asset service providers by the law...
SBI Holdings invests in UBX Philippines Corporation
SBI Holdings, Inc. announces that it has invested in UBX Philippines Corporation, a company driving digital transformation in the Philippines. Following this investment, the SBI Group holds a 16.67% ownership in UBX. UBX emerged as a spin-off from UnionBank of the...
Sucden Financial names Rob Noyce its Head of Exchange-Traded Derivatives
Sucden Financial, a multi-asset execution, clearing and liquidity provider, has appointed Rob Noyce as Head of Exchange-Traded Derivatives. Mr Noyce has spent the past 20 years at major global financial institutions, including UBS, Citigroup, and Barclays Capital,...
Chinese indices rise on PBoC stimulus. In Australia, inflationary pressures are easing :: InvestMacro
At Tuesday’s close, the Dow Jones Index (US30) was up 0.20%, while the S&P 500 Index (US500) added 0.25%. The NASDAQ Technology Index (US100) closed positive 0.56%.Hawkish comments from Fed Chair Bowman, the only dissenter to last week’s 50 bps cut in the Fed...
CFTC secures Court orders against Rudy Avila, L.I.F.T. Group, TVG, CVG, and Ventures Group
The Commodity Futures Trading Commission (CFTC) today announced Judge Samuel A. Lindsay of the U.S. District Court for the Northern District of Texas entered multiple orders and a judgment against Rudy Avila; L.I.F.T. Group LLC (LIFT), Trading Ventures Group (TVG),...
Long Live the Fed :: InvestMacro
When I was a child, one of the first school lessons in rote memory training was to memorize two songs and a prayer. Given that Upper Canada (specifically Ontario) was an Anglo-Saxon society, elementary school children were made to learn “The Lord’s Prayer”, “O...
Darwinex operator Tradeslide sees 10% Revenue jump in 2023 to €7.0M
FCA regulated Tradeslide Trading Tech Ltd, which operates under the Darwinex brokerage brand, has released its financial results for 2023 indicating 10% growth on the top line, as the company remained marginally profitable. Revenues at Tradeslide came in at €7.0...
Is Gold Ready To Outshine Stocks? :: InvestMacro
The Dow Gold ratio is one of the most insightful tools for understanding the relationship between stock markets and gold, particularly in times of financial upheaval.By comparing the price of the Dow Jones Industrial Average to the price of gold, this ratio helps...
SEC fines Merrill Lynch and Harvest Volatility Management for ignoring client instructions
The Securities and Exchange Commission (SEC) today announced charges against Harvest Volatility Management LLC and Merrill Lynch, Pierce, Fenner & Smith Inc. for exceeding clients’ designated investment limits over a two-year period beginning in March 2016, which...
USD/JPY Stabilises Amid Bank of Japan’s Cautious Signals :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair has found a stable footing around 143.22 as investors carefully analyse the recent comments from Bank of Japan Governor Kazuo Ueda. His remarks suggest that the BoJ is taking a measured approach to monetary policy...
Italy’s CONSOB blocks more unauthorized investment websites, total reaches 1140
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to several new websites that offer financial services illegally. The Authority availed itself of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law no. 58 of 28...
CFI sponsors NBA Abu Dhabi Games 2024
Leading online trading provider CFI has announced its role as the Official Online Trading Partner of the NBA Abu Dhabi Games 2024 presented by ADQ, featuring the Boston Celtics and Denver Nuggets playing two preseason games on Friday, October 4 and Sunday October 6 at...
Nomura issues statement on recommendation by Japan’s Securities and Exchange Surveillance Commission
Nomura today issued a statement on the recommendation issued by Japan’s Securities and Exchange Surveillance Commission. The Commission recommended that the Prime Minister and the Commissioner of the Financial Services Agency impose an administrative monetary penalty...
Vantage Markets enhances Copy Trading with new “strategies” feature
Multi-asset broker Vantage Markets is introducing a new “strategies” feature – a major upgrade to its Copy Trading that is designed to offer traders a more flexible, intuitive and knowledge-based trading experience. Copy trading platforms typically highlight the...
FCA proposes new rules to enhance protection of customers of payments firms
The UK Financial Conduct Authority (FCA) has outlined measures to better protect customers when payments and e-money firms go out of business. Use of payments firms has grown in recent years, but the FCA says it continues to see poor safeguarding practices from firms....
Exclusive: PrimeXM hires Tools for Brokers exec Carlos Cavero to lead Business Development
FNG Exclusive… FNG has learned that Cyprus and Dubai based MT4/MT5 broker tech and connectivity solutions provider PrimeXM has hired Carlos Cavero, as the company’s new Business Development Manager. He will be based in Cyprus for his new role with PrimeXM. Carlos...
SEB to leverage Broadridge’s international post-trade processing solution
Fintech company Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that Skandinaviska Enskilda Banken AB (SEB) is leveraging Broadridge’s international post-trade processing solution to simplify and streamline its securities business across international...
