Economy
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...
Visa shares slide 5% after DoJ sues for monopolizing the Debit Card market
Shares or credit and debit card giant Visa Inc (NYSE:V) traded down by more than 5% on Tuesday, after the US Department of Justice announced an antitrust lawsuit against Visa. The DoJ’s lawsuit alleges that Visa has monopolized the debit transaction and debit card...
Marianne Heiss joins Paysafe Board as non-exec director
Payments platform Paysafe Limited (NYSE:PSFE) today announced the appointment of Marianne Heiss as a new independent non-executive board director and member of the Audit Committee effective today. Heiss joins as an additional member of the board, which is led by...
TradeStation expands algorithmic trading capabilities with QuantConnect API integration
TradeStation Securities, Inc. announced its collaboration with QuantConnect, an open-source algorithmic trading platform. This integration allows mutual customers to create and automate their trading strategies via the QuantConnect platform while executing trades, via...
CFTC files charges against four entities for failing to register as futures commission merchants
The Commodity Futures Trading Commission (CFTC) filed charges against four entities for failing to register as futures commission merchants. Each complaint seeks an order directing the entities to cease and desist from committing violations of the Commodity Exchange...
Nuvei adds several new features to Nuvei for Platforms product
Canadian fintech company Nuvei Corporation (TSX:NVEI) today announced the launch of several new features and enhancements for its Nuvei for Platforms product. Nuvei for Platforms is designed to accelerate growth and drive revenue for various business models, including...
China announced a broad stimulus for the economy. The RBA kept the rate at 4.35% :: InvestMacro
At Monday’s close, the Dow Jones (US30) was up 0.15%, while the S&P 500 (US500) added 0.28%. The NASDAQ Technology Index (US100) closed positive 0.14%. Optimism that the Fed will be able to achieve a soft landing for the economy is supporting stock prices....
SEC fines 11 firms more than $88M for recordkeeping failures
The Securities and Exchange Commission (SEC) today announced charges against 12 firms, comprising broker-dealers, investment advisers, and one dually-registered broker-dealer and investment adviser, for widespread and longstanding failures by the firms and their...
Markets rally on China stimulus cheer :: InvestMacro
FXTM Asian stock indices rallyCN50 ↑ 6% on “risk-on” moodOil benchmarks soar ↑ +2%AUDUSD hits fresh 2024 highsBloomberg FX model – 74% – (0.6757 – 0.6933)China has hijacked the headlines after its central bank unleashed a wave of stimulus measures to revive economic...
CFTC imposes $30M fine on Canadian Imperial Bank of Commerce
The Commodity Futures Trading Commission (CFTC) today issued an order simultaneously filing and settling charges with Canadian Imperial Bank of Commerce (CIBC), a swap dealer, for failing to maintain and preserve records that were required to be kept under CFTC...
AUD/USD Reaches Yearly High Amid Positive Stimulus News from China :: InvestMacro
By RoboForex Analytical Department The AUD/USD pair tested the 0.6860 mark on Tuesday, reaching its highest point in 2024, bolstered by supportive economic news from China. The People’s Bank of China (PBoC) announced stimulus measures to boost the Chinese economy....
Exclusive: CMC Markets hires Maybank exec Chris Cheverall as Head of Prime Services
FNG Exclusive… FNG has learned that London based online brokerage CMC Markets plc (LON:CMCX) has hired Chris Cheverall as Managing Director – Head of Prime Services. Chris Cheverall joins CMC Markets from Malaysia based financial services firm Maybank, where he served...
BGC Group launches FMX Futures Exchange
BGC Group, Inc. (NASDAQ:BGC) and ten of the world’s leading investment banks and market-making firms today announced the successful launch of FMX Futures Exchange. The exchange is now open for trading SOFR futures and will add U.S. treasury futures in the first...
Exclusive: Themis Christou (ex The Trading Pit / M4Markets CMO) launches Uveler Marketing
FNG Exclusive… FNG has learned that experienced FX and CFDs industry marketing executive Themis Christou has launched a new Cyprus-based venture called Uveler Marketing (website uveler.marketing). Uveler is an outsourced marketing shop, providing everything from web...
IG Japan reduces margin rate for TRY pairs
IG Securities, the Japanese subsidiary of electronic trading major IG Group, is reducing the margin rates on TRY pairs. The broker explains that the change reflects current market environment. Effective today, the broker is lowering the maintenance margin rate for new...
eToro partners with DLT Finance to bring crypto trading services directly to its German clients
Online broker eToro has announced a new partnership with DLT Finance to bring crypto trading services directly to its clients in Germany. This collaboration means that in the coming weeks, Germany-based eToro clients will gain access to DLT Finance’s crypto trading...
Corpay Cross-Border becomes Official FX Supplier of Everton FC
Corporate payments provider Corpay, Inc, (NYSE:CPAY) today announced that Corpay’s Cross-Border business has entered into an agreement with Everton FC, one of the founding members of the Premier League to become their Official Foreign Exchange (FX) Supplier. Through...
FINRA censures SpeedTrader for failure to comply with best execution obligations
SpeedTrader, Inc., formerly known as Mint Global Markets, Inc., has reached a settlement with the Financial Industry Regulatory Authority (FINRA). From at least November 2017 to the present, SpeedTrader failed to comply with its best execution obligations. Before June...
Worldline partners with Anadolubank Nederland
Payment services provider Worldline has signed a contract with Anadolubank Nederland N.V. for its cloud-based instant payments solution. This partnership will enable Anadolubank to seamlessly comply with the new EU Instant Payments regulation. The five-year agreement...
Immigrants are unsung heroes of global trade and value creation :: InvestMacro
By Bedassa Tadesse, University of Minnesota Duluth and Roger White, Whittier College In nearly every country that hosts foreign-born citizens, immigration emerges as a lightning rod for controversy. The economic realities of immigration, however, are far more complex...
LCG sales exec Damian Reed heads to GMI
FNG has learned that longtime London Capital Group (LCG) executive Damian Reed has left the company, and moved to rival FCA regulated broker GMI. Damian Reed was at London based LCG for the past eight years, working in a variety of sales related roles focused mainly...
Bitcoin has reached the $64000 mark. Oil rises amid escalating conflict in the Middle East :: InvestMacro
On Friday, the Dow Jones (US30) Index gained 0.09% (+2.52% for the week), while the S&P 500 (US500) Index fell by 0.19% (+1.56% for the week). The NASDAQ Technology Index (US100) closed negative 0.36% (for the week +2.13%). Friday marked the quarterly expiration...
Gold Reaches New Record as Investors Eye Further Rate Cuts :: InvestMacro
By RoboForex Analytical Department Gold prices soared to a new all-time high, with the troy ounce surpassing 2614 USD. This surge is primarily driven by expectations of additional interest rate cuts and ongoing geopolitical tensions, which enhance gold’s appeal as a...
INFINOX marks 15 years in business
INFINOX is one of the most recognized brands in the FX & CFD industry. Built on its core values of integrity, ambition, excellence, and trust, over the past 15 years, INFINOX has paved the way for startups in the industry to become industry leaders. “From a...
ATFX enhances trading infrastructure expanding MT4/MT5 server hosting in Hong Kong and London
Leading global online trading provider ATFX has announced completion of relocation of all MT trading servers to the Equinix Data Center in Hong Kong, and the oneZero Equinix Data Center in London, further enhancing its global trading infrastructure. This initiative...
XTB inks Zlatan Ibrahimović as brand ambassador
Continuing the slew of recent sports sponsorships and brand ambassador signings by Retail FX and CFDs brokers, Poland based XTB (WSE:XTB) has revealed a new agreement with recently retired footballer Zlatan Ibrahimović. XTB will also unveil a new tagline, “Where your...
Currency Speculators pared back bets before Fed Interest Rate Reduction :: 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 17th and shows a quick view of how large market...
Currency Speculators pared back bets before Fed Interest Rate Reduction :: 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 September 17th.The COT currency market speculator bets were overall lower this week as just three out...
Speculator bets led by Cotton & 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 17th and shows a quick view of how large...
Speculator Bets led by VIX & DowJones-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 17th and shows a quick view of how large traders...
Speculator Bets led by Fed Funds & 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 17th and shows a quick view of how large...
FX week in review: NAGA in Telegram, Revolut CFDs app, TopFX BizDev head, 26 Degrees Cyprus CEO leaves
What actions can NAGA Group traders do directly from the Telegram Messenger app, after NAGA launched the world’s first fully integrated trading app within Telegram? What is neobank Revolut calling its new CFDs trading app? Where is Revolut already testing the new app?...
Gold, Yen, Fed Funds & 10-Year Bonds 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 September 17th.This weekly Extreme Positions report highlights the Most Bullish and Most...
Speculator Bets led 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 September 17th and shows a quick view of how large traders...
CFTC secures Court order imposing $36M in penalties on William Koo Ichioka
The Commodity Futures Trading Commission (CFTC) today announced Judge Vince Chhabria of the U.S. District Court for the Northern District of California entered an order September 19 assessing monetary relief totaling over $36 million against William Koo Ichioka, a New...
AUD/USD Reaches New Heights as Risk Sentiment Improves :: InvestMacro
By RoboForex Analytical Department The AUD/USD pair has climbed to a new peak, reaching 0.6815, marking the highest level since 28 December of the previous year. This strength in the Australian dollar is partly due to the aggressive rate cuts by the US Federal...
SEC charges former principal of Your Source Financial for fraudulent “cherry-picking” scheme
The Securities and Exchange Commission (SEC) today charged Raymond J. DiMuro, a former principal of Your Source Financial, PLC, a formerly SEC-registered investment adviser based in Phoenix, Arizona, with defrauding clients by conducting a cherry-picking scheme....
Can RUS2000 reach highest since 2021? :: InvestMacro
By ForexTime RUS2000: FXTM’s best-performing US stock index so far this week/monthRUS2000 forecasted to have the most potential upside over the next 12 months Fed speakers, US data next week could help RUS2000 move closer to 2021 all-time highMarkets predict 89%...
Saxo Bank to discontinue offering CFDs on BEL20 and PORT20 indices
Multi-asset investment specialist Saxo Bank has informed its white label partners that it will discontinue offering certain CFDs. The change is scheduled for the fourth quarter of 2024. It will affect CFDs on BEL20 and PORT20. Affected clients with open positions will...
The People’s Bank of China kept key rates unchanged. Oil grows amid escalating conflict in the Middle East :: InvestMacro
The US indices rose steadily on Thursday. The S&P 500 (US500) and Dow Jones (US30) indices rose to new record highs, while the NASDAQ (US100) rose to a 2-month high. At the end of the day, the S&P 500 Index (US500) was up 1.7%, the Dow Jones (US30) added...
Exclusive: Revolut entering EU CFDs trading business with Revolut Invest
FNG Exclusive… Should traditional CFDs brokers in Europe (and elsewhere) be concerned? FNG has learned that neobank giant Revolut is planning the next stage of its evolution, which will see the company launch regulated, leveraged CFDs trading in Europe, via a new...
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. In issuing the orders, the Authority availed itself of the powers deriving from the “Decreto crescita” (“Growth Decree”;...
Standard Chartered appoints Lincoln Leong Kwok-Kuen as director
Standard Chartered PLC today announced changes to its Board. Mr Lincoln Leong Kwok-Kuen has been appointed as an independent non-executive director of the company with effect from 2 November 2024. Lincoln Leong Kwok-Kuen Lincoln is a Chartered Accountant with...
FINRA imposes $425k fine on Wedbush Securities
Wedbush Securities Inc has agreed to pay a fine of $425,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). Between September 2009 and March 2022, Wedbush Securities published quarterly reports on its securities that failed to...
StoneX Financial to pay fine to settle ICE Futures US charges
ICE Futures US has posted a notice of settlement of charges against StoneX Financial Inc. On September 19, 2024, a subcommittee of the Exchange’s Business Conduct Committee determined that on April 27, 2023, StoneX Financial Inc may have violated Exchange Rule 4.02(c)...
Nairobi Securities Exchange integrates TradingView widgets
TradingView has announced its collaboration with the Nairobi Securities Exchange (NSE), which has successfully integrated TradingView widgets into its virtual trading platform, Soko Play. Based in Kenya, the NSE is a leading African exchange with 70 years of history...
StarTrader analyst Khaled Al-Qudah moves to ACY MENA
FNG has learned that experienced FX industry analyst Khaled Al-Qudahn has joined the Dubai office of Australia based online broker ACY Securities, as Senior Financial Market Analyst. His responsibilities will focus on providing in-depth market analysis and financial...
Daniel Maguire joins Tradeweb Board of Directors
Tradeweb Markets Inc. (NASDAQ:TW), a global operator of electronic marketplaces for rates, credit, equities and money markets, today announced the appointment of Daniel Maguire to its Board of Directors, effective as of September 18, 2024. Mr. Maguire is currently the...
Robinhood gets jersey patch as sponsor of NBA’s Memphis Grizzlies
The Memphis Grizzlies have announced a new multi-year partnership for the NBA club with online broker Robinhood Markets, Inc. (NASDAQ:HOOD), as the official investing and jersey patch partner of the Grizzlies. The Robinhood logo will be featured on the upper left...
NFA orders Trinity Trading Group not to reapply for membership
The US National Futures Association (NFA) has ordered Trinity Trading Group LLC, a commodity pool operator and commodity trading advisor and former NFA Member Forex firm located in Orlando, Florida, not to reapply for NFA membership or act or be listed as a principal...
FCA bans Francis Buckman – FX News Group
The UK Financial Conduct Authority (FCA) has prohibited Francis Buckman from performing any function in relation to any regulated activity. Mr Buckman was involved in a criminal conspiracy to commit fraud by false representation which occurred between January 1, 2017...
MetaQuotes invites traders to subscribe to real-time Nasdaq data
Fintech company MetaQuotes invites traders to subscribe to real-time Nasdaq data. Traders can use detailed Nasdaq data to enhance their trading strategies through more accurate decision-making and efficient risk management. This is a unique opportunity for those...
SEC charges Inspire Investing with making misleading statements
The Securities and Exchange Commission (SEC) today charged Idaho-based investment adviser Inspire Investing LLC with making misleading statements and for compliance failures related to the execution of its “biblically responsible investing” strategy. According to the...
The US Fed surprised the market with a sharp rate cut. Australia’s labor market remains resilient :: InvestMacro
Stocks rallied first on Wednesday afternoon, with the S&P 500 (US500) and Dow Jones (US30) rising to new record highs and the NASDAQ (US100) rising to a 3-week-high. The FOMC’s decision on Wednesday to cut the target range for the federal funds rate by 50 bps and...
Circle appoints Bradley Horowitz to BoD
Circle today announced the appointment of Bradley Horowitz to its Board of Directors. Mr. Horowitz brings more than three decades of tech industry expertise to his appointment, including leadership roles at Google and Yahoo as well as experience as a co-founder and...
Brent Crude Oil Rebounds Amid Monetary Easing and Market Dynamics :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil has regained its upward momentum, climbing towards 73.63 USD, following a recent decline triggered by comments from US Federal Reserve Chairman Jerome Powell. In his statement, Powell indicated that the Fed would be...
Blackwell Global exec Uchenna Oranu joins Fxview as Executive Director
FNG has learned that Cyprus based Retail FX and CFDs broker Fxview has hired experienced FX industry executive Uchenna Oranu, as Executive Director. His role will primarily be as Head of Brokerage for Fxview. Uchenna Oranu joins Fxview from Blackwell Global, where he...
Tiny robots and AI algorithms could help to craft material solutions for cleaner environments :: InvestMacro
By Mahshid Ahmadi, University of Tennessee Many human activities release pollutants into the air, water and soil. These harmful chemicals threaten the health of both people and the ecosystem. According to the World Health Organization, air pollution causes an...
Exclusive: Rostro/LMAX alum Olivia Mottershead joins MFP Trading
FNG Exclusive… FNG has learned that experienced FX industry sales executive Olivia Mottershead has found a new home, joining London based execution specialist MFP Trading, in a senior sales role. Olivia Mottershead worked in Institutional Sales for ROSTRO Group before...
Axi extends partnership with Manchester City star John Stones
Axi, a global Forex and CFD broker, has announced the continuation of its collaboration with John Stones. Hannah Hill, Head of Brand and Sponsorship at Axi, commented: “We are beyond thrilled to renew our collaboration with our Brand Ambassador, John Stones. Last...
eToro introduces new ETF screener
Online broker eToro today announced an update to the ETF screener on the Discover page. Now, when you explore ETFs in the Discover page, you’ll enjoy a brand-new overview of all assets in this category. In addition, filtering your search just got a lot easier. The...
NAGA unveils Trading App integrated into Telegram Messenger
Social trading focused online broker The NAGA Group AG (ETR:N4G) has announced that the company is launching the first-ever fully integrated trading app within the Telegram ecosystem, in what the company calls a bold move that could redefine how retail investors...
Sucden Financial appoints Bruno Almeida as Director of Regulatory and Financial Risks
Multi-asset execution, clearing and liquidity provider Sucden Financial has appointed Bruno Almeida to the newly created role of Director of Regulatory and Financial Risks. Mr Almeida is a highly experienced executive with nearly two decades of experience in financial...
Fed slashes rates by a half-point – what that means for the economy and the presidential election :: InvestMacro
By Michael Walden, North Carolina State University In a widely anticipated move, the Federal Reserve announced on Sept. 18, 2024, that it was cutting its benchmark interest rate by half a percentage point to a range of 4.75% to 5% – the first time the cost of...
ICE, IPC Systems launch ICE Voice
Intercontinental Exchange, Inc. (NYSE:ICE) and IPC Systems, a provider of trading communications solutions, announced today the launch of ICE Voice. This cloud-based audio solution is now live through ICE Chat, ICE’s instant messaging system for commodities, offering...
Hantec Markets sees UK Revenues rise 24% in 2023 to £6.8M
FCA licensed Retail FX and CFDs broker Hantec Markets Limited has reported its results for 2023, showing a healthy 24% increase in Revenues, as the company continued to operate at near-breakeven for a second consecutive year. Revenues at Hantec Markets UK came in at...
GTN names Zaid Aloul as CCO Middle East
New GTN Middle East CEO Damian Bunce is continuing to reshape his management team, naming Zaid Aloul to the position of Chief Commercial Officer (CCO) at the Dubai based trading solutions provider. In this new role Zaid also joins the GTN Middle East management...
Barchart, SIGMA Financial AI announce partnership
Barchart, a provider of market data and technology solutions to traders, investors and businesses, announces a strategic partnership with SIGMA Financial AI, a financial technology company known for its AI-driven trading solutions. This collaboration aims to leverage...
Public introduces Income Hub – FX News Group
Public.com is introducing its new Income Hub, where Public members can track their earnings from bonds, dividends, and its High-Yield Cash Account. Income Hub will be available for all Public members and provide multiple snapshots for investors to understand how much...
Countdown to Fed decision enters final hours :: InvestMacro
Markets remain divided about size of Fed cutUSDInd on breakout watch ahead of Fed decisionWatch out for BoE and BoJ rate decisions this weekGBPUSD & USDJPY could see significant price swingsWith just hours until the Federal Reserve prepares for its first rate cut...
CME Group SOFR futures set new volume and OI records
International derivatives marketplace CME Group today announced that its SOFR futures reached a new, all-time record average daily volume (ADV) of 5.4 million contracts in September and an open interest record of 13,159,646 contracts on September 17. Additionally,...
The US Federal Reserve will begin its rate-cutting cycle today. In the UK, inflation figures were unchanged :: InvestMacro
At Tuesday’s close, the Dow Jones Index (US30) was down 0.04%, while the S&P 500 Index (US500) added 0.03%. The NASDAQ Technology Index (US100) closed positive 0.20%. Yesterday afternoon, equities came under pressure from long liquidations after bond yields rose...
SEC charges First Horizon with Reg BI violations
The Securities and Exchange Commission (SEC) today announced charges against registered broker-dealer First Horizon Advisors, Inc. for failing to maintain and enforce policies and procedures reasonably designed to achieve compliance with Regulation Best Interest (Reg...
USDJPY Experiences Renewed Decline as Market Adjusts Expectations :: InvestMacro
By RoboForex Analytical DepartmentThe USDJPY pair is currently stabilising around 141.44 on Wednesday, following a brief strengthening of the US dollar which impacted the yen negatively the previous day. Despite this, the overarching downward trend for the pair...
IG Group announces results of AGM
Electronic trading major IG Group Holdings plc (LON:IGG) has announced the results of the Annual General Meeting (AGM) held earlier today. All the resolutions proposed in the Notice of the Meeting were duly passed. A poll was conducted on each resolution proposed at...
Coinbase introduces Advanced Trade TypeScript SDK
Coinbase is introducing the Advanced Trade TypeScript SDK, a flexible sample application that allows customers to automate their crypto trading strategies on Coinbase Advanced. The SDK is built on top of Coinbase Advanced REST APIs and simplifies the development...
Exclusive: 26 Degrees Cyprus/EMEA CEO Riana Chaili departs
FNG Exclusive… FNG has learned that Riana Chaili has resigned her position as CEO of 26 Degrees EMEA, and as Managing Director of the company’s Cyprus office. We understand that Riana has accepted another position in the FX and CFDs sector in Cyprus, which will become...
FINRA imposes $375k fine on Dalmore Group
Dalmore Group LLC has agreed to pay a fine of $375,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From January 2019 to December 2022, Dalmore failed to establish and maintain a supervisory system, including written supervisory...
LSEG introduces DataScope Warehouse – FX News Group
London Stock Exchange Group (LSEG) today announced the launch of DataScope Warehouse, a cloud-based ready-to-use enterprise data solution. DataScope Warehouse provides customers with cloud-based access to LSEG’s comprehensive fixed income and equity data records. The...
Tim Grant to head new crypto prime broker Cor Prime
Fintech investment company Deus X Capital has announced it has closed the first round of equity funding as sole investor of its new company, Cor Prime, and has committed up to $100 million of risk capital to the business. Cor Prime will offer principal and prime...
Cboe Exchange fines Susquehanna Securities for alleged rule violations
Susquehanna Securities, LLC has agreed to pay a fine of $12,000 due to alleged violations of Cboe Exchange rules. During all relevant periods herein and during in or about December 2023, (the “Review Period”), the firm failed to report 24 transactions executed on the...
OFX expands operations in Germany to bolster European growth
Australia based foreign exchange and payment solutions provider OFX (ASX:OFX) has announced that it has expanded its operations in Germany, by launching a new regional team across several key cities. The company said that this strategic initiative underscores OFX’s...
Gold (XAUUSD) Holds Near Record Highs Amid Anticipation of Fed Rate Cut :: InvestMacro
By RoboForex Analytical DepartmentGold prices remained stable at around $2580 per troy ounce on Tuesday, hovering close to their record highs. This resilience in the gold market is largely driven by the weakening US dollar and heightened expectations for a substantial...
Prager Metis to pay $1.95M to settle SEC charges for negligence in FTX audits
The Securities and Exchange Commission (SEC) today announced that Prager Metis CPAs, LLC and its California professional services firm, Prager Metis CPAs LLP, agreed to pay $1.95 million to resolve two actions alleging misconduct in its audits of the now-defunct...
Exclusive: Exness alum Kirill Getmanskiy returns to FX/CFDs as MultiBank CMO APAC
FNG Exclusive… FNG has learned that Dubai based Retail FX and CFDs broker MultiBank has taken yet another step to grow its business in the Asia-Pacific region, hiring Kirill Getmanskiy as Chief Marketing Officer (CMO) for the Asia-Pacific region. The news comes just a...
TradingView adds PhillipCapital to list of partner brokers
TradingView today announced the addition of PhillipCapital, a global stock broker and member of the PhillipCapital Group, to its platform. This addition will be particularly beneficial for TradingView’s Turkish users. Headquartered in Singapore, PhillipCapital Group...
eToro to support MATIC to POL token migration
Online broker eToro announced today that it will be supporting the MATIC to POL token migration. As of today, and over the coming days, eToro will be gradually migrating all client-held MATIC assets to POL. As part of the migration, trading of the MATIC token will be...
Mangopay appoints Sergi Herrero as CEO
Mangopay, a modular and flexible payment infrastructure provider for platforms, today announced the appointment of fintech industry leader Sergi Herrero as Chief Executive Officer. Mr Herrero succeeds Romain Mazeries who is stepping down from his role. Sergi Herrero...
SEC fines 12 municipal advisors $1.3M for recordkeeping violations
The Securities and Exchange Commission (SEC) today announced charges against 12 municipal advisors for failures by the firms and their personnel to maintain and preserve certain electronic communications. The firms agreed to pay combined civil penalties of more than...
NZ regulator files criminal proceedings against individual for alleged insider trading
The Financial Markets Authority (FMA) of New Zealand has filed criminal proceedings against an individual for alleged insider trading relating to the buying and selling of shares in Heartland Group Holdings Limited (HGH). The FMA alleges the individual traded, and...
Euronext acquires Substantive Research – FX News Group
Euronext today announces that it has acquired 100% of Substantive Research, an industry-leading pioneer providing in-depth transparency on product and pricing comparison for investment research spend, market data and investment research content. Founded in 2015 and...
FINRA fines Pershing for reporting deficiencies
Pershing LLC has agreed to pay a fine of $150,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From July 2016 to April 2021, Pershing failed to include the Non-Transaction Based Compensation (NTBC) indicator when reporting...
America’s dairy farms are disappearing, down 95% since the 1970s − milk price rules are one reason why :: InvestMacro
By Elizabeth Eckelkamp, University of Tennessee Milton Orr looked across the rolling hills in northeast Tennessee. “I remember when we had over 1,000 dairy farms in this county. Now we have less than 40,” Orr, an agriculture adviser for Greene County, Tennessee, told...
Lee Holmes returns to INFINOX to focus on growth and international expansion
Leading online broker INFINOX has announced that it has welcomed industry veteran Lee Holmes back into its senior management team. Having spent more than 15 years in the FX and CFDs trading sector, the company said that Lee’s rejoining comes at a pivotal point as the...
Finalto launches guide to support brokerage businesses
Leading institutional trading services and liquidity solutions firm Finalto has announced the launch of the Finalto Broker Handbook, a guide to help brokers build and sustain thriving retail brokerage businesses. The Handbook covers key themes, including managing...
Eurex Clearing participates in Project Agorá
Eurex Clearing AG has announced its participation in Project Agorá. Project Agorá, launched by the Bank for International Settlements (BIS), a group of leading central banks, and the Institute of International Finance (IIF), will proceed to the next phase with more...
LSEG, National Bank of Serbia launch new Market Tracker tool
London Stock Exchange Group (LSEG) and the National Bank of Serbia announced the launch of the LSEG Market Tracker, designed to enhance market transparency and automate regulatory compliance. This collaboration aims to provide real-time monitoring and reporting of...
Ex-director of Guevara Capital Access and Online Trading Capital pleads guilty to three counts of fraud
Mark Francis McCabe has pleaded guilty in the Downing Centre District Court at Sydney to three offences of dishonestly obtaining a financial advantage by deception contrary to s192E(1)(b) of the Crimes Act 1900 (NSW) (Crimes Act), with a further four offences to be...
CySEC extends further prohibition on Petros Zachariades to exercise management duties at Crowd Tech
The Cyprus Securities and Exchange Commission (CySEC) today issued an update regarding its decision to prohibit Petros Zachariades from exercising his management duties at Crowd Tech Ltd. In January 2023, the regulator decided: to suspend the exercise of the voting...
The US Federal Reserve may start the rate-cutting cycle with a 0.5% move. Silver reached a 2-month high :: InvestMacro
On Friday, the Dow Jones (US30) was up 0.72% (for the week +2.07%), while the S&P 500 (US500) added 0.54% (for the week +3.38%). The NASDAQ Technology Index (US100) closed positive 0.65% (for the week +5.04%). The S&P 500 and Nasdaq100 hit 2-week highs, and...
IEX Group to launch US options exchange
IEX Group, Inc today announced that it will launch a U.S. options exchange to partner with liquidity providers to tackle risk management challenges experienced in the options markets, pending regulatory approvals. This new options exchange will bring IEX’s suite of...
EUR/USD Gains as Fed Meeting Approaches :: InvestMacro
By RoboForex Analytical Department EUR/USD is showing signs of strengthening, currently trading around 1.1088 on Monday. The pair saw significant gains at the end of last week, driven by mounting speculation over the Federal Reserve’s upcoming interest rate decision....
VLRM Markets secures Digital Asset Service Provider licence in El Salvador
Valereum Plc today announced the issuance of a Digital Asset Service Provider (DASP) licence for VLRM Markets S.A. DE C.V. in El Salvador. This enables VLRM Markets, acting as a regulated and licensed DASP, to establish and operate a real world asset (RWA) ecosystem...
Euronext, MTS introduce new European Government Bond Index family
Pan-European market infrastructure Euronext today announces the launch of the Euronext MTS European Government Bond (EGB) Broad Index Family, developed in partnership with MTS, Europe’s leading electronic fixed income trading platform and part of the Euronext Group....
Exclusive: TopFX hires Kyriakos Karamanis to head Business Development
FNG Exclusive… FNG has learned that Cyprus based retail and institutional FX and CFDs broker TopFX is continuing to remake its senior management ranks under new CEO Victor Zacharides, hiring Kyriakos Karamanis as Director of Business Development. Kyriakos Karamanis...
LME appoints Robert Arbuthnott as Chief Financial and Administrative Officer
The London Metal Exchange (LME) and LME Clear today announced the appointment of Robert Arbuthnott as Group Chief Financial and Administrative Officer (CFAO), effective 16 September 2024. Robert Arbuthnott An accomplished finance leader, Mr Arbuthnott most recently...
Eurex enables US IBs to become direct exchange members
Eurex will open its markets to further member groups in the US. As of 16 September 2024, Eurex will allow U.S. Introducing Brokers (IB) to become direct exchange members. The U.S. regulatory authority Commodity Futures Trading Commission (CFTC) announced in July that...
Exclusive: Scope Markets compliance chief Eliza Eliadou moves to HFM
FNG Exclusive… FNG has learned that Cyprus based Retail FX and CFDs brokerage group HFM has hired Eliza Eliadou as the company’s Chief Legal and Compliance Officer. Eliza Eliadou joins HFM from Rostro Group, where she served as Chief Compliance Officer for Rostro as...
Is It Time to Buy? :: InvestMacro
By The Ino.com TeamWith a $897.58 billion market cap, Taiwan Semiconductor Manufacturing Company Limited (TSM) plays a crucial role in the global semiconductor ecosystem by leading in the production of advanced chips used across several industries, including consumer...
MultiBank hires Equiti / INFINOX alum Sophie Squillacioti as Head of China
FNG has learned that Dubai based Retail FX and CFDs brokerage group MultiBank has hired experienced industry executive Sophie Squillacioti as Head of China. Sophie will be based out of Dubai for her new role with MultiBank, and will also serve as advisor to the...
Forex Speculators push Japanese Yen bets higher for record 10-week gain :: 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 10th and shows a quick view of how large market...
Speculators push Japanese Yen bets higher for record 10-week gain :: 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 September 10th.The COT currency market speculator bets were overall lower this week as four out of the...
FX week in review: RIDE reorganizing, MPFunds closes, RoboMarkets cuts CFDs, eToro crypto fine
Before we get to this week’s top FX and CFDs industry news stories, we’re pleased to report that FNG – once again – saw record traffic in the month of August. That includes record website hits, pageviews, Google Search traffic, newsletter opens and clicks, social...
Speculator Bets 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 September 10th and shows a quick view of how large...
Yen, VIX, Cotton & WTI Crude Oil top 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 September 10th.This weekly Extreme Positions report highlights the Most Bullish and Most...
Speculator Bets 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 September 10th and shows a quick view of how large traders...
Speculator Bets led by SOFR 3-Months & Fed Funds :: 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 10th and shows a quick view of how large...
Weekly Speculator Bets led by VIX & Russell-2000 :: 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 10th and shows a quick view of how large traders...
Wells Fargo Clearing Services to pay $400k fine for alleged violations of FINRA rules
Wells Fargo Clearing Services, LLC has agreed to pay a fine of $400,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From January 2017 to December 2018, the company failed to reasonably supervise a former registered...
Broadridge launches communications data-driven platform CommCentral
CommCentral, a new cloud-based data solution providing banks and broker-dealers with real-time visibility into the investor communications they distribute and manage, is being rolled out by global fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR). The new...
Weakening US inflation fuels indices and precious metals. ECB cut interest rates as expected :: InvestMacro
At Thursday’s close, the Dow Jones (US30) Index was up 0.58%, while the S&P 500 (US500) Index increased by 0.75%. The NASDAQ Technology Index (US100) closed positive 1.00%. The US stocks rose for the second consecutive day on Thursday thanks to strong performance...
BGC Group schedules launch of FMX Futures Exchange for September 23, 2024
BGC Group, Inc. (NASDAQ:BGC) and 10 investment banks and market-making firms today announced they will launch the highly anticipated FMX Futures Exchange, an exchange for U.S. interest rate futures, on Monday, September 23, 2024 at 9:00 p.m. ET., which represents the...
Central banks take centre stage :: InvestMacro
Will Fed decision push US500 to fresh records?UK100 waits on BoE for next moveJP225 could be rocked by BoJ meetingWatch out for other central bank meetingsIf you thought the past few days were eventful, check out what’s in store for the week ahead!A string of major...
Exclusive: TopFX appoints Vince De Castro as Chief Marketing Officer
FNG Exclusive… FNG has learned that retail and institutional FX and CFDs broker TopFX has appointed Vince De Castro as Chief Marketing Officer (CMO). After a successful collaboration as a marketing consultant, De Castro decided to join TopFX full-time, recognizing the...
Gold sets a new record as prices rise higher :: InvestMacro
By RoboForex Analytical DepartmentGold prices surged to 2,570 USD per troy ounce on Friday. New record highs became possible amid the weakening position of the US dollar and declining yields on US government bonds.Gold prices began to rise after the release of another...
MetaQuotes rolls out MT5 Platform beta build 4540
Fintech company MetaQuotes will release a new beta version (build 4540) of the MetaTrader 5 platform on September 13, 2024. The update introduces numerous new features and improvements to the web platform. The developers have added a crosshair mode for accessing...
Offshore CFDs broker AIMS becomes Official Online Trading Partner of Tottenham Hotspur
EPL football club Tottenham Hotspur has announced a new multi-year partnership with offshore Retail FX and CFDs broker AIMS (website aimsfx.com), which will see AIMS named as the Club’s Official Online Trading Partner. The partnership will see AIMS engage with the...
FCA confirms City & Merchant Limited entered liquidation
The UK Financial Conduct Authority (FCA) has confirmed that, on 11 September 2024, City & Merchant Limited entered liquidation. Dermot Coakley and Shaun Walker of WSM Marks Bloom LLP were appointed as joint liquidators. City & Merchant Limited is an...
ATFX Connect launches NDFs – FX News Group
ATFX Connect, the trading name of AT Global Markets (UK) Limited (“ATFX”), has announced the addition of Non-Deliverable Forwards (“NDFs”) to its product portfolio. This additional offering will provide the company’s global client base with access to pricing and...
ICE’s €STR futures hit OI of over 500,000 contracts
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that ICE’s €uro Short Term Rate (€STR) futures hit open interest of over 500,000 contracts on September 11, 2024. ICE’s €STR futures and options clear alongside 16.2 million lots of open interest in Euribor,...
Gilles Grapinet to step down as CEO of Worldline
Following the meeting on September 12, 2024, the Board of Directors announced Gilles Grapinet’s departure as Chief Executive Officer and member of the Board of Worldline effective 30 September 2024. Gilles Grapinet The Board has decided to appoint Marc-Henri...
Why We Tip Our Hat to Warren Buffett :: InvestMacro
One would think that investors would be emulating their #1 hero. One would be wrong. By Elliott Wave InternationalWarren Buffett recently acknowledged that he’s playing in overtime in this thing we call life. At 93, the acclaimed investor is still very much in the...
eToro USA to pay $1.5M to settle SEC charges, to cease trading activity in nearly all crypto assets
The Securities and Exchange Commission (SEC) today announced that eToro USA LLC has agreed to pay $1.5 million to settle charges that it operated an unregistered broker and unregistered clearing agency in connection with its trading platform that facilitated buying...
eToro issues statement on settlement with SEC
Online broker eToro has issued a statement on its settlement with the Securities and Exchange Commission (SEC). The full statement can be read below: “As you may have seen, eToro USA LLC has reached a settlement agreement with the Securities and Exchange Commission...
Timing of the Dollar Meltdown :: InvestMacro
Because it has such massive implications for just about everything, today we are going to review the charts for the dollar index.Starting with the long-term 20-year chart, the first point to make is that, given the rampant money creation by the Fed and the grim...
Finalto appoints Simon Ormrod as Chief Financial Officer
Leading institutional trading and liquidity services firm Finalto has made its second senior management appointment in as many weeks, naming Simon Ormrod as Chief Financial Officer (CFO). The move follows last week’s appointment of Pablo Quiroga Gomez as UK Chief...
The ECB will lower interest rates today. The Bank of Japan may raise rates to 1% within a year :: InvestMacro
At Wednesday’s close, the Dow Jones Industrial Average (US30) was up 0.31%, while the S&P 500 Index (US500) added 1.07%. The NASDAQ Technology Index (US100) closed positive at 2.17%. Yesterday, investors weighed in on the latest inflation data and its implications...
LCH SwapClear clears first swaps referencing ZARONIA
LCH SwapClear, an LSEG business, today announces that it has cleared the first swaps referencing ZARONIA, the new risk-free rate for South African Rand-denominated swaps. This new clearing capability demonstrates LCH’s commitment to supporting benchmark transition and...
external background may help :: InvestMacro
By RoboForex Analytical DepartmentNZD/USD is attempting to recover from yesterday’s decline on Thursday and is heading towards 0.6148. The pair came under downward pressure on 29 August, and since then its attempts to stabilise have not brought any tangible result....
Coinbase rolls out Coinbase Wrapped BTC
Starting today, Coinbase is rolling out cbBTC – Coinbase Wrapped BTC – an ERC20 token that is backed 1:1 by Bitcoin (BTC) held by Coinbase. At launch, cbBTC will be supported on Base and Ethereum, with plans to support more chains. When Coinbase users send their BTC...
Exclusive: Hayel Abu-Hamdan on the launch of Hantec Prime
FNG Exclusive Interview… After reporting recently that leading CFDs broker Hantec Markets was enhancing the services provided by its Hantec Prime unit which was launched last year, we thought it would be a good time to catch up with Hantec’s Chief Commercial Officer,...
OTC Markets launches OTC Overnight
OTC Markets Group Inc. today announced the official launch of OTC Overnight. A select group of active securities are now available for trading Sunday through Thursday between 8 PM and 4 AM Eastern Time. The company first announced OTC Overnight in May, noting proposed...
IG Group posts 15% Y/Y increase in revenues in Q1 FY25
Electronic trading major IG Group Holdings plc (LON:IGG) today issued its scheduled revenue update for the three months to 31 August 2024 (“Q1 FY25”), representing the first quarter of the financial year ending 31 May 2025 (“FY25”). Total revenue of £278.9 million...
State Street Global Advisors launches Global Alternative Beta fund
State Street Global Advisors, the asset management business of State Street Corporation (NYSE:STT) has announced the launch of the State Street Global Alternative Beta Fund, which seeks to approximate the returns of hedge funds as a broad asset class. The State Street...
Exclusive: Yossi Gafni hired as CEO of broker white label solutions provider Wintrado
FNG Exclusive… FNG has learned that Cyprus based broker tech solutions provider Wintrado Technologies has hired Yossi Gafni as the company’s new CEO. Wintrado had been run day-to-day for the past few years by board member Harry Charitou. Yossi Gafni has been working...
Tradu teams up with TradingView to bring top-notch charting and trading tools to its clients
Tradu, part of Stratos Group International, announces a partnership with TradingView, a platform for traders and investors that provides real-time data, customisable charts and technical analysis tools. Through this partnership, Tradu’s clients will have access to...
Court grants ASIC’s application for interim injunction against NGS Companies
Earlier this week, the Federal Court made consent orders granting the Australian Securities ans Investments Commission’s application for an interim injunction restraining the NGS Companies from, amongst other things, carrying on a financial services business in...
How Clients Fund Insurance Benefits Traders: A Deep Dive into ATFX’s New Offering
The following is a guest post courtesy of leading global online broker ATFX. In today’s fast-paced financial markets, managing risk is paramount for traders, whether seasoned professionals or newcomers. ATFX’s new Clients Fund Insurance product is designed to address...
Exclusive: Admirals’ Head of Partnerships Eugene Danishkin leaves for B2B role at NAGA
FNG Exclusive… FNG has learned that social trading focused online broker NAGA Group (ETR:N4G) has hired experienced FX and CFDs industry executive Eugene Danishkin, as Head of B2B. Eugene Danishkin joins NAGA in its Cyprus office after spending the past three years...
Oil prices have fallen to November 2021 lows. OPEC+ lowered demand estimates :: InvestMacro
At Tuesday’s close, the Dow Jones Index (US30) was down 0.23%, while the S&P 500 Index (US500) was up 0.45%. The NASDAQ Technology Index (US100) closed positive 0.84%. A 4.3% drop in the price of WTI crude oil to a 16-month low on Tuesday hamstrung energy stocks....
Tickmill launches US Elections Traders Hub
As the US elections draw near, the financial markets are bracing for potential volatility, presenting both opportunities and challenges for traders. To help navigate this crucial period, Tickmill, a multi-asset broker that prides itself on being founded by traders for...
Oil and gas communities are a blind spot in America’s climate and economic policies :: InvestMacro
By Noah Kaufman, Columbia University On a recent visit to Rangely, a small town in northwest Colorado, my colleagues and I met with the administrators of a highly regarded community college to discuss the town’s economy. Leaving the scenic campus, we saw families...
TradingView announces integration of A1 Capital into its platform
TradingView today announced the integration of A1 Capital, a brokerage firm based in Turkey, into its platform. A1 Capital has been operating in Turkish capital markets since its establishment in 1990. Headquartered in Istanbul, it also has more than 20 branches where...
the market awaits US inflation data :: InvestMacro
By RoboForex Analytical Department EUR/USD halted its decline near a four-week low at 1.1034 on Wednesday. The information flow currently appears congested. The market is awaiting today’s US inflation release for August and is keeping an eye on the upcoming political...
ICE reports record liquidity across its global natural gas futures markets
Intercontinental Exchange, Inc. (NYSE:ICE) today announced record liquidity across its global natural gas futures markets including record open interest (OI) in U.S. Financial Gas futures and options markets and record OI in TTF futures. On August 27, 2024, ICE’s...
Saxo Bank develops new LEI expiry dashboard
Multi-asset investment specialist Saxo Bank has informed its partners of a new LEI expiry dashboard. Many of Saxo’s partners have requested greater transparency regarding LEI expiries for their end-client base. To address this need, Saxo has developed adashboard in...
Exclusive: Advanced Markets exec Shobin Simon moves to MAS Markets to head MENA Institutional Sales
FNG Exclusive… FNG has learned that multi-asset liquidity provider MAS Markets (formerly known as BidX Markets) has hired experienced FX industry executive Shobin Mathew Simon, as Head of Institutional Sales (MENA). Shobin Simon, who is based in London, spent the past...
Eurex extends its auto-approval functionality to EFP-financials off-book trades
Eurex is extending its auto-approval functionality to EFP-financials off-book trades. With the use of TES auto-approval rules, trade details can be pre-configured for various products, clients and in-house trading teams. This includes the used account, client info...
Latest release of Cboe Silexx comes equipped with enhanced Risk Radar, Order Manager
Cboe Silexx, a multi-asset order execution management system (OEMS) that caters to the professional marketplace, has announced a series of enhancements as part of version 24.7. Order Manager | Multileg Order Grouping Users can now group together single leg staged...
Centroid Bridge integrates with Bloomberg FixNet
Centroid Solutions, a leading technology and connectivity provider for multi-asset brokers, has announced that its liquidity management and order execution engine, Centroid Bridge, is now integrated with Bloomberg FixNet. This integration enhances the company’s...
JP Morgan Securities to pay $190k fine for alleged FINRA rule violations
J.P. Morgan Securities LLC has agreed to pay a fine of $190,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From October 2020 through January 2022, the firm permitted 10 individuals in the firm’s U.S. Investment and Corporate...
Volt CEO Tom Greenwood steps down to launch stablecoin settlement spinoff VX2
London based real-time payments platform provider Volt has announced the launch of VX2, a groundbreaking stablecoin settlement solution designed to seamlessly integrate with Volt’s existing real-time payment infrastructure. As part of the launch, Tom Greenwood will...
Nasdaq CSD appoints Clearstream as its single gateway to access all T2S markets
Nasdaq CSD has chosen to access the T2S markets via Clearstream’s German central securities depository (CSD). With this additional link to the German CSD, Nasdaq CSD SE will act as a technical issuer CSD via Clearstream’s cross-CSD links. Nasdaq CSD participants in...
Singapore based Prop Trading firm MPFunds closes
Singapore based Prop Trading firm MPFunds, whose website touted the company as Asia’s first Modern Prop Firm, is closing. Dean Wong MPFunds’ website (at mpfunds.com) shows an “open letter” from founder and CEO Dean Wong (see full text below), blaming the firm’s...
China and rapid growth in OPEC+ production to blame :: InvestMacro
By RoboForex Analytical DepartmentThe oil market remains under pressure. A barrel of Brent oil declined to 71.80 USD by Tuesday. The commodity erased all early-week gains as fears of slowing demand in China outweighed the risk of energy shortages due to the storm in...
Hirose UK sees FY2024 Revenues flat at £717K
FCA regulated institutional focused FX broker Hirose Financial UK Ltd has reported its financial results for FY2024 (March 31 fiscal year-end), indicating basically flat Revenues following a doubling of its Revenues in FY2023. Hirose UK (at website hiroseuk.com)...
Virtu’s Triton Valor EMS establishes direct connectivity to CONNEQTOR
Virtu Financial, Inc. (NASDAQ:VIRT) today announced that Virtu’s Triton Valor execution management system (EMS) has established direct connectivity to CONNEQTOR, Tokyo Stock Exchange’s (TSE) platform for trading exchange traded funds (ETFs). Triton is a global,...
The Analytical Overview of the Main Currency Pairs on Natural gas prices fell by 4%. Oil also remains under pressure from weak demand :: InvestMacro
At Monday’s close, the Dow Jones (US30) Index was up 1.16%, while the S&P 500 (US500) Index added 1.16%. The NASDAQ Technology Index (US100) closed positive 1.30%. A rise in chip company stocks provided support for the broader market. In addition, positive...
Driving the tech behind Fintech: Conversation with Deriv Head of Engineering Chris Horn
FNG Exclusive Interview… Technology is always at the centre of operations of Retail FX and CFD brokers, with everything from cybersecurity to advanced trading platforms—and more recently, the implementation of AI-based applications—often at the heart of what...
Martin Jetter to resign as Chairman of the Supervisory Board of Deutsche Börse
The Chairman of the Supervisory Board of Deutsche Börse AG, Martin Jetter, has informed the company that he will resign from his position as Chairman of the Supervisory Board and Member of the Supervisory Board at the end of the Annual General Meeting 2025. Martin...
XTB hires ADSS exec Salma Tabbech as Sales Director MENA
Poland based Retail FX and CFDs broker XTB (WSE:XTB) has announced that its XTB MENA unit in Dubai has hired Salma Tabbech as Sales Director. Salma Tabbech joins XTB from UAE based broker ADSS, where she worked since 2018 in various client facing roles, most recently...
Standard Chartered launches digital asset custody service in the UAE
Standard Chartered today announced its highly anticipated digital asset custody service in the UAE. The groundbreaking offering has been granted a licence by the Dubai Financial Services Authority (DFSA) within the Dubai International Financial Centre (DIFC), a...
FCA charges individual with running network of illegal crypto ATMs
The UK Financial Conduct Authority (FCA) has charged Mr Olumide Osunkoya for unlawfully running multiple crypto ATMs without FCA registration. Mr Osunkoya is accused of running crypto ATMs, which processed £2.6 million in crypto transactions across multiple locations...
Digital Vega and CME Group launch FX Options Block Trading
FX Options e-trading platform provider Digital Vega and derivatives marketplace operator CME Group have announced the launch of a new FX options block trading service. Currently available for client testing, buy-side firms will be able to use existing OTC workflows on...
LSEG collaborates with Perennial Partners to provide seamless end-to-end offering for buy-side workflow
London Stock Exchange Group (LSEG) today announced a strategic collaboration with investment management firm, Perennial Partners, to provide a seamless end-to-end offering for buy-side workflow. In collaboration with Perennial, LSEG combined its portfolio management...
Saxo Bank continues to enhance renewal module in SaxoPartnerConnect
Multi-asset investment specialist Saxo Bank continues to enhance the renewal module in SaxoPartnerConnect (SPC). The renewal module in SPC serves as a partner-oriented window into its renewal’s operations, and it is continuously being improved to meet partners’ needs....
FICC’s Government Securities Division sets record in daily clearing activity
The Depository Trust & Clearing Corporation (DTCC) today announced that its Fixed Income Clearing Corporation’s (FICC’s) Government Securities Division (GSD) successfully cleared a record-setting USD$9.2 trillion in daily activity on September 3. This new...
SEC fines seven cos more than $3M in total for violations of whistleblower protection rule
The Securities and Exchange Commission (SEC) today announced settled charges against seven public companies for using employment, separation, and other agreements that violated rules prohibiting actions to impede whistleblowers from reporting potential misconduct to...
Exclusive: Former Cyprus Transport Minister Marios Demetriades steps off FxPro group boards
FNG Exclusive… FNG has learned that longtime director Marios Demetriades has stepped off the Board of Directors of Cyprus based Retail FX and CFDs broker FxPro. He has also resigned from the various boards of several FxPro group companies, including FxPro’s FCA...
Andre Mancl joins Nium as CFO
Cross-border payments provider Nium today announced two executive appointments that strengthen its leadership team. Andre Mancl joins as Chief Financial Officer. He will oversee all financial strategies for the company and will lead Nium’s global finance organization,...
Gold, USDInd, US500 index :: InvestMacro
By ForexTime Friday’s NFP report: mixed data sparked initial market confusionJobless rate edged lower, but hiring also slowed in AugustOdds for 50-bps Sept Fed rate cut now down to 26% from 40%Now, US500 and US dollar indexes up; gold still lower, as predictedAll...
South Africa CFDs broker Banxso sponsors Queens Park Rangers FC
South Africa based Retail FX and CFDs broker Banxso has announced a new two year sponsorship of EFL football club Queens Park Rangers (or QPR), effective 30th June 2024. This partnership underscores Banxso’s dedication to empowering sportsmen and women to achieve...
USDJPY pauses, but this is temporary :: InvestMacro
By RoboForex Analytical DepartmentThe USDJPY pair halted its decline around 142.98 on Monday. However, this pause in the yen’s rally should not be misleading, as it comes amid uncertainty surrounding the extent of the anticipated monetary policy easing by the US...
TradingView adds News Flow screener to platform
TradingView is introducing News Flow, its newest screener, designed specifically so that traders don’t miss out on the most essential updates from the world’s financial news. The news screener offers a range of filters allowing the users of the platform to customize...
The Analytical Overview of the Main Currency Pairs on The Bank of Canada is likely to continue cutting rates amid a weak labor market. OPEC+ postponed the planned production increase :: InvestMacro
On Friday, the Dow Jones (US30) decreased by 1.01% (for the week -2.47%), while the S&P 500 (US500) was down 1.73% (for the week -3.64%). The NASDAQ Technology Index (US100) closed negative 2.55% (for the week -5.44%). The Dow Jones (US30) and S&P 500 (US500)...
CMC / Capital.com alum Chris Demetriou joins Onyx Capital to head Client Management
Experienced FX and CFDs industry executive Chris Demetriou has announced that he has accepted a new position, as Head of Client Management in the Retail Brokerage arm of London based commodities trading house Onyx Capital Group. Chris Demetriou spent the past year as...
JST Digital secures in-principle approval for MPI licence in Singapore
JST Digital today announced that its Singapore subsidiary, JST Digital & Technology Pte. Ltd. (JST Singapore) has received an in-principle approval for a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS) to provide digital...
Techysquad CRM integrates with Brokeree’s Social Trading platform
Techysquad, which provides CRM systems tailored for the financial services sector, has announced the integration with Brokeree’s Social Trading, a turnkey solution for multi-asset brokers, designed to introduce copy trading services in a few hours. Thus, brokers could...
Saxo Bank continues rollout of new risk model
Since April, multi-asset investment specialist Saxo Bank has been rolling out a new client risk model, which will continue in the coming months. Most clients will see no change or a reduced risk score, leading to fewer ODD requirements and more cases being processed...
Exness reduces trading spreads for Gold and Oil
Exness, a leading global multi-asset broker, has announced their immediate reduction of gold (XAUUSD) and oil (USOIL) trading spreads. As of today, Gold spreads have been reduced by 20%, and oil spreads have been cut by 68%. The reductions are calculated based on...
Binance’s subsidiary Tokocrypto gets license in Indonesia
Tokocrypto, a member of the Binance group, has secured a Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti). Tokocrypto registered as a Prospective Physical Crypto Asset Trader (CPFAK) in 2019 and has...
Westpac names Anthony Miller its CEO
The Westpac Board of Directors has announced the appointment of Anthony Miller as Group CEO and Managing Director, commencing 16 December 2024. Mr Miller, currently Chief Executive of Westpac’s Business & Wealth division, will succeed Peter King, who will retire...
BBVA incorporates USDC into its crypto asset service in Switzerland
BBVA is expanding its cryptocurrency custody and trading services in Switzerland to include USD Coin (USDC), a stablecoin whose value is pegged to the US dollar. This addition will enable BBVA’s institutional clients to speed up their trading operations by enabling...
Speculator Bets led by S&P500 & Russell 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 September 3rd and shows a quick view of how large traders...
Speculator Bets led higher by Corn & Sugar :: 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 3rd and shows a quick view of how large...
Speculators raised their Fed Funds and SOFR 3-Months bets this week :: 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 3rd and shows a quick view of how large...
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 September 3rd and shows a quick view of how large traders...
Ultra T-Bonds, Yen, 5-Year & Cotton 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 September 3rd.This weekly Extreme Positions report highlights the Most Bullish and Most...
FX week in review: Valutrades capital raise, XTB founder sells, HYCM ownership change, FXOpen license cancelled
The FX and CFDs industry had a very busy news week as many folks returned from summer break, which saw more than one broker license yanked, several ownership changes, several new sports sponsorships launched, and quite a number of senior executive moves. Why did...
Currency Speculators push Canadian Dollar, British Pound & Yen bets higher for multiple weeks :: 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 3rd and shows a quick view of how large market...
FX Speculators push Canadian Dollar, British Pound & Yen bets higher for multiple weeks :: 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 September 3rd.The COT currency market speculator bets were overall higher this week as ten out of the...
Gold rallies as market bets on rapid Fed monetary easing :: InvestMacro
By RoboForex Analytical DepartmentGold has returned to growth. On Friday, a troy ounce of the precious metal was priced at 2517 USD. The price has stabilised as the market awaits the release of August’s crucial US employment report. The data could prompt a revision of...
USDInd faces triple risk cocktail :: InvestMacro
USDInd ↓ 5% from 2024 highUS Presidential debate, CPI & ECB in focusEuro accounts for almost 60% of USDIndOver past year US CPI triggered moves of ↑ 0.7% & ↓ 0.6%First levels of interest – 101.94 & 100.52As the countdown gets closer to the key US jobs...
Dukascopy adds Commodity CFDs trading in Japan
Switzerland based Retail FX and CFDs broker Dukascopy has announced that following METI/MAFF approval of the new commodity license for Dukascopy Japan K.K., the company has expanded the list of tradeable instruments with the most liquid Commodity CFDs (Oil, Gas, Gold,...
FCA says there’s “more to do” in oversight of Appointed Representatives
UK financial regulator Financial Conduct Authority (FCA) has come out with a statement that oversight of Appointed Representatives (ARs) is improving, but that there is more to do. The FCA has set out good practice and areas for improvement to help principal firms...
EBC Financial Group integrates MT5 into its trading platform
China-focused Retail FX and CFDs broker EBC Financial Group has announced that it has integrated MetaQuote’s MetaTrader 5 (MT5) into its trading platform, unlocking a host of new benefits for traders worldwide. The company said that this latest enhancement is part of...
Utilities rely on dirty ‘peaker’ plants when power demand surges, but there are alternatives :: InvestMacro
By Akshaya Jha, Carnegie Mellon University The U.S. is nearing the end of one of its hottest summers on record. Across the nation, heat waves have driven peak electricity demand on some days to levels far exceeding seasonal averages.Grid operators rely on so-called...
The power of real-time news for Retail Brokers: Chat with Newsquawk CEO Mehul Patel
FNG Exclusive Interview… We recently covered the news about Newsquawk, a leading real-time news platform for professional investors and traders, entering into a strategic partnership with high-growth retail trading platform, Capital.com. The collaboration marks...
Exclusive: HYCM MBO Part 2: Stavros Lambouris buys out Roger Bach
FNG Exclusive… Further to our exclusive report from early 2024 that control of Retail FX and CFDs broker HYCM had changed hands in a management buyout (or MBO), FNG has learned that the two principals who took control of HYCM – Stavros Lambouris and Roger Bach – have...
CySEC withdraws CIF license of AMP Global
The Cyprus Securities and Exchange Commission (CySEC) today announced the withdrawal of the Cyprus investment firm (CIF) license of AMP Global Ltd. The company has held its Cypriot license since June 2018. CySEC explains that the decision for the license withdrawal...
India’s new mega-dam will roil lives downstream with wild swings in water flow every day :: InvestMacro
By Parag Jyoti Saikia, University of North Carolina at Chapel Hill “Hey Rupam, open the door. Take this fish,” a woman yelled from outside. I was sitting in the kitchen at my friend Rupam’s house in rural northeast India. It was the heart of monsoon season, and rain...
FIA Tech and Broadridge to streamline onboarding for brokers and clients to TDN
FIA Tech, a futures industry technology provider, today announced that it will leverage Broadridge Financial Solutions Inc. (NYSE:BR), cutting-edge COMS (Connectivity, Onboarding, and Monitoring Service) solution along with its NYFIX Order Routing Network to provide...
CFI expands its UAE-regulated entity to Abu Dhabi
Leading online trading provider CFI Financial Group has announced the expansion of its UAE-regulated entity, CFI Financial Markets LLC (CFI UAE), into Abu Dhabi. This strategic move underscores CFI’s commitment to deepening its presence in the UAE and delivering...
Finalto appoints Pablo Quiroga Gomez as UK Chief Operating Officer
Leading institutional trading and liquidity services firm Finalto has announced that Pablo Quiroga Gomez has been appointed Chief Operating Officer for the UK. Gomez has served as Finalto’s Global Head of Client Services, based in the London office, for over three...
Markets.com Head of MENA Ali Makki departs
FNG has learned that Ali Makki has left his position as Head of MENA at Retail FX and CFDs broker Markets.com. Ali Makki joined Markets.com in early 2024, as was exclusively reported at the time here at FNG. Based in Beirut, Ali Makki is the founder and CEO of AlphaA...
Oil and gas communities are a blind spot in America’s climate and economic policies :: InvestMacro
By Noah Kaufman, Columbia University On a recent visit to Rangely, a small town in northwest Colorado, my colleagues and I met with the administrators of a highly regarded community college to discuss the town’s economy. Leaving the scenic campus, we saw families...
Genesis Release 8.3 delivers new tools for converting Excel into robust apps
New features in Version 8.3 of the Genesis Application Platform make it faster and more intuitive for financial markets firms to convert spreadsheet processes to enterprise-quality applications, automate complex data reconciliations and build user interfaces. These...
EUR/USD Maintains Neutral Stance Ahead of US Employment Data :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair remained stable around 1.1077 on Thursday morning, following steady growth in the previous session but still confined within a sideways channel. Investors are holding back and conserving their energy in anticipation...
CME Group to launch options on Bloomberg Commodity Index futures
International derivatives marketplace CME Group today announced that it will launch options on Bloomberg Commodity Index (BCOM) futures on September 23, pending regulatory review. The company also announced that it has extended its license with Bloomberg for commodity...
The Analytical Overview of the Main Currency Pairs on The Bank of Canada cut the rate by 0.25%. Oil continues to fall in price :: InvestMacro
At Wednesday’s close, the Dow Jones (US30) Index was up 0.09%, while the S&P 500 (US500) Index fell 0.16% and hit a 2-week low. The NASDAQ Technology Index (US100) closed negative 0.30% and hit a 3-week low. Stocks on Wednesday initially recovered from early...
Deutsche Bank settles with Effecten-Spiegel AG in Postbank takeover litigation
In the litigation concerning the takeover of Postbank, Deutsche Bank has reached a settlement with long-standing plaintiff Effecten-Spiegel AG. The proceeding initiated by Effecten-Spiegel AG is one of two actions before the Higher Regional Court of Cologne in...
The leading alternative to GDP is languishing over a technical disagreement – with grave potential consequences :: InvestMacro
By Eoin McLaughlin, University College Cork; Cristián Ducoing, Lund University, and Nicholas Hanley, University of Glasgow Many commentators believe that the world should move away from measuring economic success in terms of GDP growth. Yes, growth has brought...
FCA issues final announcement about forthcoming end of LIBOR
The UK Financial Conduct Authority (FCA) today issued its final announcement about the forthcoming end of LIBOR. It is now less than 1 month to go until the 1-, 3- and 6-month synthetic US dollar LIBOR settings cease permanently after their final publication on Monday...
eToro partners with Deutsche Börse to add 290 more listed German stocks to platform
Online broker eToro has partnered with Deutsche Börse to add more than 290 new German-listed stocks to the eToro platform, while enhancing the data available to users to support informed investment decisions. The addition of 290 new German stocks will enable eToro...
Saxo Bank to standardise termination process for end-clients
Multi-asset investment specialist Saxo Bank is standardising the termination process for its direct and partner end-clients. There are several reasons for terminations and some of them include clients that have never funded, clients who ceased trading a while ago...
Yakov Cohen agrees to pay disgorgement of $7M to settle CFTC charges in binary options lawsuit
Yakov Cohen, one of the key figures in the binary options scam evolving around Yukom Communications, has agreed to settle CFTC charges. On September 4, 2024, the Commodity Futures Trading Commission (CFTC) filed a motion with the Illinois Northern District Court to...
OANDA, GAIN Capital agree to hold mediation conference in patent infringement lawsuit
OANDA and GAIN Capital have informed the Court that they have agreed to mediate before the Honorable Noel L. Hillman, U.S.D.J. (Ret.), as the patent infringement lawsuit brought by OANDA against GAIN continues. The mediation conference will take place on September 6,...
LME outlines measures to modernise market structure and increase price competition
The London Metal Exchange (LME) has today issued a white paper outlining a package of measures designed to modernise the LME’s market structure, boost transparency and increase price competition, while protecting the unique features of its market that serve the...
R.J. O’Brien & Associates promotes Amber Wright to additional role of Head of EMEA Sales
Futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) today announced the promotion of Amber Wright, Managing Director and Global Head of Fixed Income, to the additional role of Head of EMEA Sales. Amber Wright Along with her current responsibilities...
IC Markets (EU) Ltd receives €50K CySEC fine for various violations
Cypriot financial regulator Cyprus Securities and Exchange Commission (CySEC) has announced that at its meeting held on meeting held on the 1st of July 2024, it decided to impose a total administrative fine of €50,000 to the CIF IC Markets (EU) Ltd (LEI...
CFTC fines Uniswap Labs for offering illegal digital asset derivatives trading
The Commodity Futures Trading Commission (CFTC) today issued an order filing and settling charges against Universal Navigation Inc. d/b/a Uniswap Labs, a Delaware company based in New York. The order finds Uniswap Labs illegally offered leveraged or margined retail...
Oil fell to the lowest level of the year. Stock indices are under pressure from weak economic data :: InvestMacro
By JustMarketsAt the end of Tuesday, the Dow Jones Index (US30) decreased by 1.51%, while the S&P 500 Index (US500) fell 2.12%. The NASDAQ Technology Index (US100) closed yesterday negative 3.26%. Stocks fell sharply on Tuesday, with the S&P 500 Index (US500)...
FCA confirms Facet Investment Management placed into administration
The UK Financial Conduct Authority (FCA) today confirmed that the director of Facet Investment Management Limited placed the firm into administration. Ian Lawrence Goodhew and Abigail Shearing from Voscap Ltd were appointed as the Joint Administrators. Facet is a...
Tests resistance ahead of BoC decision :: InvestMacro
USDCAD ended August ↓ 2.3%BoC decision + US jobs report = volatility?Traders fully priced in 25 bp cut by BoC this weekBloomberg FX model: 74% – (1.3400 – 1.3675)Key technical levels – 1.3550 & 1.3600After tumbling over 2% in August, the USDCAD has kicked off the...
Binance appoints Grant Thornton as Global Accounting and Tax Advisor
Binance today announced that it has appointed Grant Thornton Singapore, a leading business and professional services firm, to provide global accounting and tax advisory services as it prepares for future audits of its global businesses. For the 2023 financial year...
USD/JPY Sees Modest Rise Amid Anticipation of BoJ Policy Shift :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair has slightly increased, rising to 145.95 on Wednesday morning. This movement marks a rebound from two-week lows, though it is still early to suggest a significant reversal in the trend due to the ongoing economic...
The NAGA Group enters sponsoring partnership with German Bundesliga football team Borussia Dortmund
Fresh off its completed merger with CAPEX.com operator Key Way Group, social trading focused online broker The NAGA Group AG (ETR:N4G), provider of the all-in-one financial SuperApp NAGA, has announced that it has entered into a partnership with Borussia Dortmund...
Ops expert Antreas Pilavakis changes prop firms, from The Trading Pit to FunderPro
FNG has learned that prop trading firm FunderPro has hired Antreas Pilavakis as the company’s new Operations Manager. Antreas Pilavakis joins FunderPro after spending the past two-plus years at Cyprus based prop firm The Trading Pit, joining initially as a Customer...
Sumeet Chabria joins Genesis as Senior Advisor
Genesis Global announced that Sumeet Chabria, formerly Global Head of Business Services and COO for Technology and Operations at Bank of America and Global CIO for Banking and Markets at HSBC, has joined the firm as a senior advisor. “Financial companies spend...
Equals issues update on possible offer for its share capital
Equals Group plc (LON:EQLS) today issued 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 (Railsr)...
Institutional FX trading picks up 8% volume increase in August 2024
Following a fairly slow July – but on the heels of a very active H1-2024 of institutional FX trading – August 2024 saw a healthy increase in trading at leading eFX trading providers, averaging a 7.9% across-the-board rise in activity during a fairly volatile month for...
BlueCrest’s BlueX FX EMS trading platform goes live
FX trading technology platform BlueX has announced its official go-live, with the first production trades now executed. This follows the recent granting of its licence by the Jersey Financial Services Commission (JFSC). BlueX provides a wide range of unique trading...
Saxo Bank announces changes to Portfolio platform
Multi-asset investment specialist Saxo Bank has unveiled changes to the Portfolio platform. In September, clients logging in to the Portfolio platform will notice a minor change in the menu structure, providing access to a broader range of reports. When a user clicks...
Interactive Brokers registers 40% Y/Y increase in DARTs in August 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just reported its operating metrics for August 2024. The broker registered 2.712 million Daily Average Revenue Trades (DARTs) in August 2024, 40% higher than in August 2023 and 2% lower than in...
Exclusive: Capital Index revenues fall 29% in 2023 as business “continued to suffer”
FNG Exclusive… FNG has learned via regulatory filings that FCA regulated CFDs and financial spreadbetting brokerage Capital Index (UK) Limited saw a decline in revenues for the fourth consecutive year in 2023, leading to another senior management shakeup at the...
Exclusive: Jakub Zablocki cashing out $148 million in XTB shares, taking stake under 50%
FNG Exclusive… FNG has learned via regulatory filings made in Poland that Jakub Zablocki, co-founder and controlling shareholder of Warsaw based Retail FX and CFDs broker XTB SA (WSE:XTB), is planning to take his stake in the company down below 50% by cashing in...
SEC announces settled charges against crypto-focused advisory firm Galois Capital
The Securities and Exchange Commission (SEC) today announced settled charges against Florida-based Galois Capital Management LLC, a former registered investment adviser for a private fund that primarily invested in crypto assets, for failing to comply with...
CME Group SOFR futures set OI and volume records
International derivatives marketplace CME Group today announced that open interest in its SOFR futures set a new record of 12,701,232 contracts on August 28, as the product’s average daily volume (ADV) reached a record 3.5 million contracts year-to-date. “As market...
Fulham FC enters sponsorship deal with offshore CFDs broker IUX
English Premier League club Fulham FC has announced that offshore Retail FX and CFDs broker IUX will become the team’s Official CFD Trading Partner. Fulham FC had previously had sponsorship deals with regulated brokers Spreadex, and ICM.com. The parties said that this...
Brent Crude Under Pressure Amid Supply Expansion Concerns :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil prices have experienced significant selling pressure recently, dipping to 77.21 USD per barrel on Tuesday. Although there has been a slight recovery from earlier lows, the overall market sentiment remains...
Tarabut acquires payments platform Vyne
Open banking platform Tarabut today announced the acquisition of London-based Vyne, a real-time account-to-account (A2A) payments platform for online businesses. This strategic acquisition, which has been approved by both the Saudi Central Bank (SAMA) and the UK’s...
Natural gas rises amid rising demand. The manufacturing sector in Australia and China shows a decline :: InvestMacro
By JustMarketsThe American stock market did not trade yesterday due to the bank holiday.Equity markets in Europe traded yesterday without a single dynamics. German DAX (DE40) rose by 0.13%, French CAC 40 (FR40) closed with an increase of 0.20%, Spanish IBEX 35 (ES35)...
Broadridge launches data platform Tradeverse
Broadridge Financial Solutions Inc. (NYSE:BR) today announced the launch of Tradeverse, a new data platform. The new solution aims to help trading firms eliminate data silos, unleash the potential of their data across the enterprise and better manage costs,...
Alex Gersh moves to advisory role to Paysafe CEO
Payments platform Paysafe Limited (NYSE:PSFE) today announced that Alex Gersh is moving into an advisory role to the Chief Executive Officer, effective September 4th and will step down as Chief Financial Officer. Mr Gersh will remain with Paysafe in his new role for...
Capital.com trading volumes up 6% in H1-2024, hires Jessica Bliesner as COO
Following a 53% leap in client trading volumes in 2023, leading Retail FX and CFDs broker Capital.com has announced interim results for the six months ended 30 June 2024 (H1 2024) which include continued, but more modest growth. First half financial highlights at...
Euroclear appoints Kristof Macours as Group General Counsel
Euroclear announced today that Kristof Macours has been appointed as Group General Counsel and Division Head of Legal and Corporate Secretariat. Kristof Macours Mr Macours brings extensive legal experience to this role. Previously, he served as Group Company...
Cboe Europe secures support for launch of Cboe BIDS VWAP-X service
Pan-European stock exchange Cboe Europe announces that it has secured the support of a broad range of participants for Cboe BIDS VWAP-X, its new trading service allowing participants to source and match liquidity at a forward benchmark price. This service is scheduled...
Anne Templeman-Jones to retire from CBA Board
Commonwealth Bank of Australia (CBA) today announced that Anne Templeman-Jones, Independent Non-Executive Director of the CBA Board, has decided not to offer herself for re-election at the 2024 Annual General Meeting (AGM). She will retire from the Board at the...
MAS bans former rep of RHB Securities for market misconduct offences
The Monetary Authority of Singapore (MAS) today issued a five-year prohibition order (PO) against Mr Chong Yew Mun Alan, a former representative of RHB Securities (Singapore) Pte. Ltd. The order was issued following Mr Chong’s conviction in the State Courts for...
FINRA imposes $900k fine on Brex Treasury
Brex Treasury LLC has agreed to pay a fine of $900,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). Brex Treasury primarily relied on an automated identity-verification algorithm that was not reasonably designed to achieve...
Stephan Engels to retire as Danske Bank CFO
Stephan Engels, who is the Chief Financial Officer and a member of the Executive Leadership Team in Danske Bank, has decided to retire from executive leadership roles. He has decided to announce his retirement early to allow for a good transition of leadership,...
Exclusive: Joseph Dahrieh promoted to MD, Elie Tarabay to head Partnerships at Tickmill MENA
FNG Exclusive… FNG has learned that leading Retail FX and CFDs broker Tickmill is making some management moves in its Dubai office. Tickmill opened a new Dubai office under DFSA Regulation in mid 2023 to serve MENA region clients. Tickmill has promoted Joseph Dahrieh...
LandFX sees Revenues down 27% in slow 2023
FCA licensed Retail FX and CFDs broker LandFX has filed its financial results for 2023, indicating a sharp decline in activity, but still on a very small scale. Revenues at LandFX UK Limited, which operates the Land-FX brand at website land-fx.co.uk, decreased by 27%...
eToro signs new sponsorship deal with Bayer 04 Leverkusen
Online broker eToro today announced a new sponsorship deal with German football champions Bayer 04 Leverkusen. The partnership, which will commence in the upcoming season, follows a hugely successful year for the club, having won both the Bundesliga title and DFB...
Binance Bahrain to provide services for derivatives products for South African residents
In line with regulatory requirements, Binance Bahrain B.S.C. (c) will become the entity that provides services for derivatives products for South African residents. By doing this, Binance aims to ensure that it continues to comply with its regulatory obligations and...
ATFX sees 22% growth in monthly trading volumes during Q2-2024 to $255B
Leading global online broker ATFX has announced that the company achieved total trading volumes of $765.1 billion in Q2-2024 (or $255 billion monthly) on the MT4/MT5 platforms, ranking it among the top five CFDs brokers worldwide. The company said that this milestone...
Exclusive: Capital.com / IG alum Michael Going joins Britannia for Senior Sales role
FNG Exclusive… FNG has learned that FCA regulated institutional multi-asset brokerage Britannia Financial Group has hired experienced FX industry executive Michael Going, for Senior Global Sales. Michael Going joins Britannia after working for the past two years at...
HK regulator bans former associate director of UBS
The Securities and Futures Commission (SFC) of Hong Kong has banned Mr Charles Lam Chung Yiu, a former associate director of UBS AG, from re-entering the industry for life because his criminal convictions led the SFC to consider him not a fit and proper person to be...
Australian Court sentences former Courtenay House director to 11 years of imprisonment
Former Courtenay House director Tony Iervasi has been sentenced in the Supreme Court of NSW to 11 years imprisonment with a non-parole period of seven years for criminal charges relating to the operation of the Courtenay House ponzi scheme. The sentence included a...
Speculator bets led by Russell 2000 & 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 August 27th and shows a quick view of how large traders...
Exclusive: OneRoyal hires HYCM exec Dominic Poynter as CMO
FNG Exclusive… FNG has learned that Cyprus, Australia, and Lebanon based Retail FX and CFDs broker OneRoyal has hired Limassol-based experienced industry marketing executive Dominic Poynter as its new Chief Marketing Officer (CMO). Dominic’s hiring effectively fills...
Speculator bets led by Sugar & Corn :: 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 August 27th and shows a quick view of how large...
Speculator bets led by SOFR 3-Months, 2-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 August 27th and shows a quick view of how large...
Speculator bets led higher 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 August 27th and shows a quick view of how large traders...
FX week in review: LCG for sale, iSAM expands APAC, more broker results
What has led to FCA regulated Retail FX and CFDs broker London Capital Group (or, LCG) being put up for sale? Which senior executives has London based prime-of-prime broker and liquidity solutions provider iSAM Securities hired in Asia, in a strategic move to head up...
Yen, Gold & Brazil Real 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 August 27th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Currency Speculators sharply boost Canadian Dollar and 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 August 27th and shows a quick view of how large market...
FCA warns public against dealing with clone of IC Markets
The UK Financial Conduct Authority (FCA) has issued a warning against a clone of Forex broker IC Markets. Clones are fraudulent entities that abuse data of authorised firms (addresses, logos, names, etc). Despite the resemblance, clones have nothing to do with the...
AUD/USD Poised for Potential Rise Amid RBA’s Cautious Stance :: InvestMacro
By RoboForex Analytical DepartmentThe AUD/USD pair shows signs of potential resurgence as it trades near 0.6802, consolidating within a sideways range at its local peaks towards the end of August. The Australian dollar has appreciated by almost 4% over the month,...
Tradition reports rise in H1 2024 revenues, profit
Compagnie Financière Tradition SA, an interdealer broker in over-the-counter financial and commodity related products, today posted its financial report for the first six months of 2024. Compagnie Financière Tradition continued to grow at a solid pace throughout the...
US jobs report to spark market frenzy again? :: InvestMacro
Economists predict August jobless rate will ease back down to 4.2%Lowered recession risks should mean slower Fed rate cutsSturdier jobs market could boost gold, US stock indexes to new record highsRepeat of manic volatility from July NFP could deliver massive trading...
Match-Trader platform August updates include Live Chat integration, TON Blockchain support
Multi-asset trading platform provider Match-Trade Technologies has introduced a series of impactful updates to its Match-Trader platform during the month of August 2024, which the company said are designed to enhance the user experience and boost operational...
Wage growth in the Eurozone is slowing. US GDP growth did not help the broad market to close in plus :: InvestMacro
By JustMarketsAt Thursday’s close, the Dow Jones Index (US30) was up 0.59%, while the S&P 500 Index (US500) closed at its opening price. The NASDAQ Technology Index (US100) closed negative 0.23%. The Dow Jones (US30) rose on signs that the economy continues to...
Admirals Group sees Revenues recover 10% in H1-2024, loss cut to €1.2M
Following three (semi-annual) periods of continuous decline, Estonia based Retail FX and CFDs broker Admirals Group AS has released its unaudited results for the first half of 2024, indicating a 10% rise in Revenues, and a reduced Net Loss from what the company saw in...
TOCOM approves MUFG Bank as broker member
Tokyo Commodity Exchange, Inc. (TOCOM) has today approved MUFG Bank, Ltd. as a TOCOM Broker Member. MUFG Bank has also been approved by Japan Securities Clearing Corporation (JSCC) for an Energy Futures Clearing Qualification on the same date. MUFG Bank will be the...
Cboe to acquire 14.8% stake in Japannext Co
Japannext Co., Ltd., a provider of financial services and market solutions focused on operating an alternative market, has announced that Cboe Global Markets has agreed with SBI Holdings Inc. (SBI) to acquire a minority equity ownership stake in the company through a...
FX Back Office names Nicole Demosthenous as COO
Limassol, Cyprus based CRM and partnership solutions provider for brokers, FX Back Office, has announced that the company has promoted Nicole Demosthenous to the position of Chief Operating Officer (COO). Nicole Demosthenous has been with FX Back Office since 2020,...
Lubna Olayan and Marty Flanagan join HKEX’s International Advisory Council
Hong Kong Exchanges and Clearing Limited (HKEX) today announced the appointment of Lubna Olayan, Chair of the Executive Committee of Olayan Financing Company and Saudi Awwal Bank (SAB), and Marty Flanagan, Chairman Emeritus of Invesco Ltd., to HKEX’s International...
Place Trade Financial fined for exaggerated and misleading statements on its website
Place Trade Financial has agreed to a fine of $10,000 and a censure as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). In October 2020, FINRA warned the firm that certain communications on its website regarding the firm’s services did...
Dukascopy Revenues plummet 38% in H1-2024 as broker posts CHF 3.1M operating loss
Things have gone from bad to worse at Geneva based Retail FX and CFDs broker Dukascopy Bank SA, with the company continuing to see its Revenues decline in the first half of 2024, and Dukascopy posting its first Operating Loss since 2018. Revenues at Dukascopy fell by...
PayPal expands partnership with Fiserv
PayPal Holdings, Inc. (NASDAQ:PYPL) today announced an expansion of its global strategic partnership with Fiserv, Inc. (NYSE:FI) which will streamline how merchant clients of Fiserv enable PayPal experiences for their customers. Building on a longstanding partnership...
Court orders operator of Tradeanedge Members Fund to pay restitution and penalties
The Commodity Futures Trading Commission (CFTC) today announced that the U.S. District Court for the Eastern District of New York entered a consent order finding Harris Bruce Landgarten, a resident of Old Brookville, New York, defrauded pool participants. He also...
NAGA Group completes merger with CAPEX.com
Social trading focused online broker The NAGA Group AG (ETR:N4G), provider of the all-in-one financial SuperApp NAGA, has announced that the company has successfully completed its strategic merger with Key Way Group Ltd., operator of the CAPEX.com online brokerage...
iFOREX returns as a sponsor of PSV Eindhoven
Retail FX and CFDs broker iFOREX has announced that the company has signed another cooperation agreement with Dutch football club PSV Eindhoven. As part of this collaboration, iFOREX will focus primarily on the UEFA Champions League campaign. The iFOREX.eu logo will...
EUR/USD Stabilises Ahead of Core PCE Inflation Report :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair is holding steady at around 1.1134 as markets consolidate USD positions during a lull in significant news. Investors are now keenly awaiting the release of the Core PCE inflation data, a critical metric that the...
CFTC fines Nasdaq Futures $22M for core principle violations
The Commodity Futures Trading Commission (CFTC) today issued an order filing and settling charges against Nasdaq Futures, Inc., formerly a designated contract market (DCM). The order finds Nasdaq Futures, Inc. failed to properly establish, monitor, or enforce rules...
Nvidia’s Forward Guidance Was Light :: InvestMacro
Michael Belanger of GGM Advisory Inc. shares his thoughts on Nvidia Corp. (NVDA:NASDAQ) after their earnings were announced, and shares two ETFs he has his eyes on.Nvidia Corp. (NVDA:NASDAQ) reported earnings just after the close, and as expected, they had a blow-out...
Finalto sponsors the FT Alphaville quiz
Leading institutional trading and liquidity services firm Finalto has announced that they are very proud sponsors of the financial services event of the year – or at least the week – the FT Alphaville pub quiz. Finalto is all about strategic partnerships. And you...
Nvidia’s good report did not impress investors. The Bank of Japan intends to keep raising rates :: InvestMacro
By JustMarketsAt Wednesday’s close, the Dow Jones (US30) was down 0.39%, while the S&P 500 (US500) decreased by 0.60%. The NASDAQ Technology Index (US100) closed negative 1.12%. The US stocks fell on Wednesday as investors awaited Nvidia’s much-anticipated...
Saxo Bank sees slight rise in H1 2024 Revenues to $345 million, closes China office
Copenhagen based Retail FX and CFDs broker Saxo Bank has released its first half 2024 results, indicating a slight rise in Revenues and a return to profitability after the company posted its first semi-annual loss in several years during 2H-2023. On the top line, Saxo...
HSBC announces changes to senior management team
HSBC Holdings plc announces changes to its senior management team. All changes will take effect from 1 October 2024 and, where required, are subject to regulatory approval. Barry O’Byrne, Chief Executive Officer, Global Commercial Banking (CMB), is appointed CEO,...
TD Securities promotes Carl Hayes to Head of European Cash Equities
TD Securities (TDS), a global corporate and investment bank, today announced the promotion of Carl Hayes, Managing Director, as the new Head of European Cash Equities. Mr Hayes reports to Sharon Kim, Executive Managing Director and Region Head of Europe, TD Securities...
iSAM Securities hires LMAX exec Quentin Miller as Head of Institutional Sales APAC
Just a day after naming Barry Flanigan to Head of Asia Pacific, London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that the company has hired Singapore based executive Quentin Miller as Head of Institutional Sales, Asia...
What is mental imagery? Brain researchers explain the pictures in your mind and why they’re useful :: InvestMacro
By Lynne Gauthier, UMass Lowell and Jiabin Shen, UMass Lowell Curious Kids is a series for children of all ages. If you have a question you’d like an expert to answer, send it to [email protected].Why are some people able to visualize scenarios in their minds, with...
B2Broker’s B2Copy integrates with Spotware’s cTrader trading platform
Leading trading platform developer Spotware Systems and broker tech provider B2Broker have announced the full integration of B2Broker’s advanced investment platform, B2Copy, with Spotware’s cTrader, the premium and first Open Trading Platform. This integration allows...
Belgium’s FSMA warns against fraudulent trading platforms
Belgium’s Financial Services and Markets Authority (FSMA) is once again drawing the public’s attention to the phenomenon of fraudulent trading platforms and their dangers. These platforms are all over the internet, trying to lure investors with promises of quick and...
Tom Sosnoff and Scott Sheridan sell 6.5M ordinary shares in IG Group
Jefferies today posted a notice regarding a placing of 6.5 million existing shares in electronic trading major IG Group Holdings plc (LON:IGG). Tom Sosnoff and Scott Sheridan have sold 6.5 million ordinary shares in IG Group to a limited number of institutional...
Swissquote becomes principal sponsor of ZSC Lions and Genève-Servette Hockey Club
Leading Swiss online banking and trading provider Swissquote (SWX:SQN) has announced the extension of its sponsorship partnerships with ZSC Lions from Zurich, and the Genève-Servette Hockey Club. The existing commitments will each be extended for three years, and...
Darwinex updates on margin calculation for investor portfolios
Darwinex has issued a notification to its clients regarding margin calculation for investor portfolios. For regulatory reasons, in line with requirements imposed by the European Securities and Markets Authority (ESMA), Darwinex is required to ensure that DARWIN...
Bybit expands CFDs trading offering with MT5 integration
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced that it is integrating MetaTrader 5 (MT5) on its platform. This integration provides traders with a comprehensive and advanced trading environment specifically designed for...
OpenSea says SEC is considering lawsuit against co
OpenSea has issued a statement regarding a Wells notice from the U.S. Securities and Exchange Commission (SEC). The company says the notice indicates that the SEC is considering bringing a lawsuit against OpenSea. The company stated: “We’re confident that OpenSea...
NZD/USD Reaches Annual High Amid USD Weakness :: InvestMacro
By RoboForex Analytical DepartmentThe NZD/USD pair has climbed to the highest level since 15 January 2024, continuing its trajectory within an ascending channel towards a target of 0.6233. The New Zealand dollar’s growth is primarily fuelled by the weakening US...
Euronext announces upcoming launch of spread contracts on agricultural commodities
Euronext today announced the upcoming launch, pending regulatory review, of three spread contracts on agricultural commodities. Spread contracts are financially-settled futures contracts whose underlying is a price differential between two different products, and in...
Australia’s inflation is falling at a slower pace than RBA expected. ECB may cut rates at the next two meetings :: InvestMacro
By JustMarketsAt Tuesday’s close, the Dow Jones (US30) Index was up 0.02%, while the S&P 500 (US500) Index was up 0.16%. The NASDAQ Technology Index (US100) closed positive 0.16%.The Fed will almost certainly cut rates on September 18, which Powell signaled in...
Morgan Stanley to pay $168k fine for alleged violations of Cboe rules
Morgan Stanley & Co. LLC has agreed to a censure and a fine of $168,750 as a part of a settlement with Cboe Exchange, Inc. On May 3, 2021, the firm effected an off-floor transfer of approximately 50,000 options contracts between two customer accounts of different...
Why Defense Stocks Like NOC & LMT Are Poised for Growth :: InvestMacro
By The Ino.com TeamIn the first half of 2024, China’s shipbuilding industry secured nearly 75% of new global orders, demonstrating the nation’s expanding manufacturing power. Ship completions surged by 18.4% year-over-year to 25.02 million deadweight tons (dwt), which...
iSAM Securities promotes Barry Flanigan to Head of Asia Pacific
London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that in a strategic move to implement growth in the region, Barry Flanigan, former Head of e-Trading, has transitioned to the Hong Kong office, assuming the role of Head...
A third of the world’s population lacks internet connectivity − airborne communications stations could change that :: InvestMacro
By Mohamed-Slim Alouini, King Abdullah University of Science and Technology and Mariette DiChristina, Boston University About one-third of the global population, around 3 billion people, don’t have access to the internet or have poor connections because of...
Ant International joins Hong Kong Monetary Authority’s Project Ensemble Sandbox
Ant International today announced its participation in the Hong Kong Monetary Authority’s (HKMA) Project Ensemble Sandbox, focusing on “Liquidity Management”, one of its four main themes. Launched in March this year, Project Ensemble is the HKMA’s wholesale central...
How AI deciphers neural signals to help a man with ALS speak :: InvestMacro
By Nicholas Card, University of California, Davis Brain-computer interfaces are a groundbreaking technology that can help paralyzed people regain functions they’ve lost, like moving a hand. These devices record signals from the brain and decipher the user’s intended...
CME Group to launch wheat spread futures
International derivatives marketplace CME Group today announced that it will launch two new wheat spread futures contracts on October 14, pending regulatory review. The CBOT Wheat – Euronext Milling Wheat No. 2 Spread futures contract and the KC HRW Wheat – Euronext...
Valutrades sees Revenues collapse down 77% in 2023, posts £3.8M loss
Following a quite successful 2022, FCA regulated FX and CFDs broker Valutrades saw a dramatic turnaround for the worse in 2023, with Revenues nearly evaporating entirely as the company posted a loss that ate up most of its shareholders’ equity. After a 47% rise in...
Standard Chartered names Jean Lu its CEO for China
Standard Chartered Bank announced today the appointment of Jean Lu as Chief Executive Officer, China and Executive Vice Chairperson of the Board of Standard Chartered Bank (China) Limited, with immediate effect. Jean Lu In her new role, Jean will oversee the Bank’s...
Nasdaq, CF Benchmarks collaborate on Nasdaq Bitcoin Index Options
Nasdaq (NASDAQ:NDAQ), in partnership with CF Benchmarks, today announced its filing with the Securities and Exchange Commission to list and trade Nasdaq Bitcoin Index Options (XBTX). Upon regulatory approval, investors will be able to manage positions and hedge...
CME Group to launch Bitcoin Friday futures
International derivatives marketplace CME Group today announced it will further expand its cryptocurrency derivatives offerings with the introduction of Bitcoin Friday futures (BFF) on September 30, pending regulatory review. Sized at one-fiftieth of one bitcoin,...
Gold’s Price Prospects Amid Middle East Tensions and Fed Policies :: InvestMacro
By RoboForex Analytical DepartmentGold prices have recently dipped to 2507 USD per troy ounce but are poised for a potential rebound due to increased demand for safe-haven assets amid escalating conflict in the Middle East. Additionally, anticipations of monetary...
TradingView adds new filters and columns in Stock Screener
TradingView has enhanced the Stock Screener by introducing new filters and columns: Recent earnings date and Upcoming earnings date. They provide insight into the dates of a company’s most recent or upcoming earnings reports, helping you make more informed decisions...
Major New Upleg Starting in Copper? :: InvestMacro
Technical Analyst Clive Maund shares an update where he explains why now is a great time to buy all things copper.Copper looks ready for its next big runup, which could be massive. It has been performing very well indeed technically, as we can see on its latest...
Interactive Brokers enables its clients to trade stocks on Bursa Malaysia
Electronic trading major Interactive Brokers (NASDAQ:IBKR) today announced that its clients can trade stocks on Bursa Malaysia, one of the largest stock exchanges in Southeast Asia. With this launch, IBKR clients can trade Malaysian Ringgit (MYR) denominated equities...
Oil prices jumped amid increased geopolitical risk in the Middle East. Investors focus on the Australian inflation data :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones (US30) Index was up 0.16%, while the S&P 500 (US500) Index was down 0.32%. The NASDAQ Technology Index (US100) closed negative 0.85%.On Monday, San Francisco Fed Chair Mary Daly said that “the time to adjust policy is...
AvaTrade expands LATAM presence with Colombia SFC authorisation
Ireland and Israel based Retail FX and CFDs broker AvaTrade has announced that the company has received authorisation from the Financial Superintendence of Colombia (SFC) to operate within the country. The company said that this pivotal achievement underscores...
US30 index hits record intraday high! :: InvestMacro
By ForexTimeUS30 posted highest-ever intraday price on Monday, August 26thUS stock markets cheer incoming Fed rate cutsUS30/Dow index could climb another 7% by August 2025Technicals: US30 yet to reach “overbought” conditionsThis week’s key events: Nvidia earnings, US...
ICE partners with Space Intelligence to launch ICE’s Commodity Traceability Service
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that ICE Benchmark Administration Limited (IBA) is collaborating with Space Intelligence, a provider of high accuracy nature mapping data, to launch the ICE Commodity Traceability Service (ICE CoT). ICE CoT is...
Space missions are getting more complex − lessons from Amazon and FedEx can inform satellite and spacecraft management in orbit :: InvestMacro
By Koki Ho, Georgia Institute of Technology and Mariel Borowitz, Georgia Institute of Technology Most space mission systems historically have used one spacecraft designed to complete an entire mission independently. Whether it was a weather satellite or a human-crewed...
HKEX appoints Johnson Chui as Managing Director, Head of Global Issuer Services
Hong Kong Exchanges and Clearing Limited (HKEX) today announced the appointment of Mr Johnson Chui as Managing Director, Head of Global Issuer Services. Mr Chui will join the Group on 2 September 2024, reporting jointly to Wilfred Yiu and Glenda So in their capacity...
Euronext, Nord Pool to launch Nordic and Baltic power futures market
Euronext today announced that Nord Pool will enter a new area of business with the launch, together with Euronext, of a dedicated Nordic and Baltic power derivatives market. The new Euronext Nord Pool Power Futures market will be traded on Euronext’s pan-European...
Former director of Growth Plus Financial Group sentenced to 12 years imprisonment for fraud
Ben Jayaweera, a former financial adviser and director of Growth Plus Financial Group Pty Ltd (in Liquidation), has been sentenced to 12 years’ imprisonment following a hearing in the Brisbane District Court on 26 August 2024. On 23 August 2024, a jury found Mr...
Plus500 to commence new $110M share buyback program
Plus500 Ltd (LON:PLUS), a global multi‐asset fintech group, announced that it will commence a new share buyback programme today to purchase a total of up to $110 million of the company’s shares. The Share Buyback Programme is part of the $185.5 million of shareholder...
SIX, Diebold Nixdorf partner to secure long-term cash supply in Switzerland through innovative approaches
SIX and Diebold Nixdorf are entering into a cooperation to secure the long-term cash supply in Switzerland through innovative approaches. The digitalization of payments is progressing rapidly, and cash and cash supply are adapting to market changes. In Switzerland,...
Bahrain broker CoinMENA employs Bitpanda tech to expand crypto asset offering
Digital assets infrastructure provider Bitpanda Technology Solutions has announced a strategic partnership with CoinMENA B.S.C., a crypto asset platform licensed by the Central Bank of Bahrain and sister company CoinMENA FZE, licensed by the Dubai Virtual Asset...
iDenfy adds Face Authentication tool to speed client onboarding
Lithuania based RegTech solutions provider iDenfy has announced the launch of a new Face Authentication service. iDenfy, best known for its variety of KYC tools, said that the new cutting-edge technology is designed to detect fraudulent biometrics and add extra...
MoneyGram appoints Josh Gordon-Blake as Chief Digital Officer
MoneyGram International, Inc., a global financial technology company, today announced the appointment of Josh Gordon-Blake as Chief Digital Officer. As the Company’s digital business surges, Gordon-Blake joins to amplify momentum, spearheading digital strategy with a...
Powell’s dovish comments support indices’ growth. Silver rises after gold :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) gained 1.14% (for the week +1.24%), while the S&P 500 (US500) gained 1.15% (for the week +1.39%). The NASDAQ Technology Index (US100) closed positive 1.47% (for the week +1.29%).Speaking at the Fed’s annual symposium...
Saxo Japan to change trading conditions for five FX pairs
Saxo Bank Securities Co., Ltd., the Japanese subsidiary of multi-asset investment specialist Saxo Bank, today issued a notice regarding trading conditions. The broker explains that the foreign exchange market has recently experienced significant fluctuations, and that...
Japanese Yen Gains as USD Weakens and BOJ Signals Possible Rate Hike :: InvestMacro
By RoboForex Analytical DepartmentThe Japanese yen has shown a notable strengthening, with the USD/JPY pair dropping to 143.99 on Monday, marking a three-week low. This movement is primarily driven by the weakness of the US dollar and significant remarks from the Bank...
IG integration with TradingView goes live for Australian clients
Electronic trading major IG today announced that its highly anticipated TradingView integration is now live and available for its Australian clients. This powerful tool will enhance trading experience, offering advanced charting and analysis features right at traders’...
