Economy
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’...
TRADE.com operator Trade Capital UK sees 18% increase in Revenue, 55% rise in Profit in 2023
Following a successful 2022, Trade Capital UK (TCUK) Ltd, the UK based company which operates the TRADE.com Retail FX and CFDs brand, has released its financials for 2023 indicating continued growth on both the top and bottom line. TCUK posted Revenues of £892K in...
State Street Global Advisors acquires stake in Raiz Invest
State Street Global Advisors, Inc, the asset management business of State Street Corporation (NYSE:STT), today announced a strategic investment in Raiz Invest Limited (ASX:RZI), an Australian fintech platform. The parties have entered into an equity investment...
Hantec Markets launches $500K client funds insurance via Lloyd’s
Hantec Markets has announced the launch of Hantec Client Funds Insurance. This comprehensive insurance policy guarantees the safety and security of client funds up to USD $500,000 per claimant, further solidifying Hantec Markets’ commitment to protecting client assets...
MAS investigation results in prison sentence for individual convicted of false trading
Mr Tay Ming Hin was convicted on 26 August 2024 and sentenced to four weeks imprisonment for false trading in the shares of Catalist-listed KOP Limited. Mr Tay pleaded guilty to one charge under section 197(1)(b) of the Securities and Futures Act (SFA) for creating a...
TON price falls 16% after Telegram CEO Pavel Durov arrested in France
The price of Bitcoin alternative Toncoin (TON) fell Sunday by 16% (as of the time of writing), following the arrest of TON founder, Telegram CEO Pavel Durov. Pavel Durov was arrested by French authorities after he landed during the weekend on a private jet at Le...
Speculator Bets led by DowJones & 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 20th and shows a quick view of how large traders...
Speculator Bets led by Wheat & 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 August 20th and shows a quick view of how large...
FX week in review: Broker results (Plus500, Trade Nation, MultiBank), ATFX adds MT5
How did the latest set of financial results pan out for Retail FX and CFDs brokers Plus500, Trade Nation, and MultiBank? Which broker set Revenue and Profit records? Which recorded a (surprise) loss? What did ATFX have to say about adding the MT5 trading platform for...
Gold leads Speculator Bets higher :: 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 20th and shows a quick view of how large traders...
Speculators sharply raise Euro, British Pound & 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 August 20th and shows a quick view of how large market...
Yen, Gold, 5-Year, 10-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 August 20th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Speculator Bets led by Ultra Treasury Bonds & Ultra 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 20th and shows a quick view of how large...
Australian regulator increases ANZ’s capital add-on to $750M
The Australian Prudential Regulation Authority (APRA) has increased the capital add-on applied to Australia and New Zealand Banking Group (ANZ) to $750 million in response to heightened concerns about the bank’s non-financial risk management practices. APRA has held...
Saxo Bank updates OpenAPI, enhances Charts service group
Multi-asset investment specialist Saxo Bank has updated its OpenAPI, with the latest release enhancing the Charts service group. Saxo has released a new version of its charting endpoint that has been improved in several ways. The new horizon sampling starts at...
The Bank of Japan is set to raise rates further. The Fed gov will speak at the annual symposium in Jackson Hole today :: InvestMacro
By JustMarkets On Thursday, stocks in the US ended the session down. The Dow Jones Index (US30) was down 0.43%, while the S&P 500 Index (US500) fell by 0.88%. The NASDAQ Technology Index (US100) closed negative at 1.67% yesterday. The rise in bond yields on...
Hantec Markets hires INFINOX alum Alberto Barba Arévalo to head LATAM BizDev
London and Dubai based Retail FX and CFDs broker Hantec Markets has announced that the company has hired Alberto Barba Arévalo, as Head of Business Development – LATAM. Based out of Portugal, Alberto spent the past four years working for INFINOX, as Regional Manager....
Weak US Dollar and RBA’s Steady Stance Support Strength :: InvestMacro
By RoboForex Analytical Department AUD/USD is finding its footing, currently stabilising at around 0.6725, as the US dollar weakens further in anticipation of Fed Chair Jerome Powell’s speech at the Jackson Hole symposium.The Australian dollar’s resilience is...
Exclusive: Zara FX hires Scope Markets exec Christiana Lazaridou to head BizDev
FNG Exclusive… FNG has learned that MENA focused offshore Retail FX and CFDs broker Zara FX has continued its recent hiring spree, adding experienced Cyprus-based executive Christiana Lazaridou as the company’s new Chief Business Development Officer. Christiana...
Quantum information theorists are shedding light on entanglement, one of the spooky mysteries of quantum mechanics :: InvestMacro
By William Mark Stuckey, Elizabethtown College The year 2025 marks the 100th anniversary of the birth of quantum mechanics. In the century since the field’s inception, scientists and engineers have used quantum mechanics to create technologies such as lasers, MRI...
Court demands clarity in Robinhood short squeeze lawsuit
Chief Judge Cecilia M. Altonaga of the Florida Southern District Court was forced to demand clarity in a lawsuit brought by hundreds of traders against Robinhood over the January 2021 short squeeze. Technically, the lawsuit was terminated in May 2024, as a settlement...
Nvidia earnings showdown could set market tone :: InvestMacro
Nvidia shares ↑150% year-to-dateData center business and Q3 guidance in focusShares could move 10.4% ↑ or ↓ post earningsPrices edging higher on H1 but RSI near oversoldTechnical levels – $130, $119, 200 SMA and $110 Financial markets may end August with a bang thanks...
Societe Generale International changes LME membership category
The London Metal Exchange (LME) has notified the market that, with effect from 27 August 2024 and pursuant to Regulation 6.1 of Part 2 of the Rules and Regulations of the LME, Societe Generale International Limited (SNC) will cease to be a Category 1 Member of the LME...
Match-Prime enhances its Crypto CFDs liquidity offering
CySEC-regulated liquidity provider Match-Prime has announced the launch of its enhanced crypto CFD liquidity offering, tailored specifically for forex brokers. The new offer introduces some of the most competitive trading conditions in the market, reflecting...
Banana apocalypse, part 2 – a genomicist explains the tricky genetics of the fungus devastating bananas worldwide :: InvestMacro
By Li-Jun Ma, UMass Amherst Did you know that the bananas you eat today are not the same type as the ones people were eating a few generations ago? The banana you might have had with your breakfast today is a variety called the Cavendish banana, while the one that was...
Interactive Brokers adds new Option Exercise Column in TWS
Electronic trading major Interactive Brokers has released Build 10.31 (beta) of its TWS platform. The broker has added an Option Exercise Column named “In The Money”. This will display the current in-the-money value for an option contract. To add the Option Exercise...
Former director of Growth Plus Financial found guilty of fraud
On Friday 23 August 2024, Ben Jayaweera, a former financial advisor and director of Growth Plus Financial Group Pty Ltd (in Liquidation) was found guilty of 28 counts of fraud pursuant to section 408C(1)(e) Criminal Code Act 1899 (Qld). The offending took place...
Asian Infrastructure Investment Bank issues its first DNN on Euroclear’s D-FMI platform
The Asian Infrastructure Investment Bank (AIIB) has successfully issued its first Digitally Native Note, executed on Euroclear’s Digital Financial Market Infrastructure (D-FMI). This marks the first digital issuance in USD for Euroclear and the first such issuance by...
SEC obtains judgments against two individuals involved in multi-million dollar offering fraud
The Securities and Exchange Commission (SEC) has secured final judgments against two individuals involved in multi-million dollar offering fraud. On August 21, 2024, the New York Southern District Court entered final judgments against Wayne H. McLean and Joan E....
RoboMarkets announces updates to R StocksTrader platform
Retail FX and CFD broker RoboMarkets today announced updates to the R StocksTrader platform to enhance trading experience. Commission removal and updated approach to spreads The broker is simplifying trading conditions on the R StocksTrader platform. All order...
MultiBank reports record Revenues of $306.6 million in 2023
Dubai based online brokerage firm MultiBank Group has announced its most successful financial year to date, including record Revenue of $306.6 million in 2023. Based on the latest audited financial statements, MultiBank Group achieved a strong 10% revenue increase,...
Brokeree Solutions makes website multilingual continuing international growth
Brokeree Solutions, an international technology provider for multi-asset brokers, has announced the release of a new website version. Now the information on Brokeree’s website is available for visitors in Spanish, Arabic, and Chinese in addition to English. The...
Interactive Brokers enhances global bond offering
Interactive Brokers (NASDAQ:IBKR), an automated global electronic broker, today announced significant enhancements to its global bond offering available through the IBKR Bond Marketplace. Clients of Interactive Brokers can now access greater liquidity for global...
Thailand’s democracy has taken another hit, but the country’s progressive forces won’t be stopped :: InvestMacro
By Adam Simpson, University of South Australia After two tumultuous weeks in Thai politics, the country has a new prime minister and new opposition party in parliament. The sweeping changes have demonstrated yet again the power of the Constitutional Court over...
Miami International Holdings announces $100M investment from Warburg Pincus
Miami International Holdings, Inc. (MIH) today announced a $100 million investment from Warburg Pincus. Subject to certain conditions, Warburg Pincus may expand its investment in MIH to support additional growth. The growth investment will accelerate the next phase of...
Waits on BoJ and Fed chief remarks :: InvestMacro
USDJPY ↓ 3% month-to-dateUeda testimony + Powell speech in focusPrices heavily bearish but RSI near oversoldBloomberg FX model: 73% – (142.70 – 148.67)Key technical level: 145.00Check this out. The USDJPY could see big price swings on Friday!That’s right, remarks by...
CME Group to launch new CME Term SOFR API
On Sunday, September 1, international derivatives marketplace CME Group will launch the new CME Term SOFR API, a REST API that provides access to the daily set of forward-looking interest rate estimates for 1-Month, 3-Month, 6-Month and 12-Month Tenors in real-time,...
The dovish FOMC minutes supported the growth of indices. The Australian index has been growing for 10 consecutive trading sessions :: InvestMacro
By JustMarketsStocks in the US ended the session higher on Wednesday. The Dow Jones Index (US30) rose by 0.14%, while the S&P 500 Index (US500) gained 0.42%. The NASDAQ Technology Index (US100) closed positive, 0.57% yesterday. Stocks rose on Wednesday after a...
The challenge of Demo Account execution in Prop Trading
The following guest post is courtesy of Krzysztof Kapliński, Dealing Team Leader at broker platform provider Match-Trade Technologies. Krzysztof Kapliński Proprietary trading firms have emerged as a compelling alternative to traditional forex brokers. These firms...
A circular economy for our energy landscapes :: InvestMacro
By Martin J. Pasqualetti, Arizona State University; Chad Walker, Dalhousie University, and Michelle Adams, Dalhousie University From cereal boxes to our distinct milk bags, Canadians have been told that one of the best things we can do for the planet is to embrace the...
Corpay Cross-Border enters agreement with Manchester City to become their official FX partner
Corporate payments provider Corpay, Inc (NYSE:CPAY) announces that Corpay’s Cross-Border business has entered into an agreement with the current Premier League title holder, Manchester City to become their Official Foreign Exchange (FX) Partner. As part of this...
UK competition watchdog finds Barclays in breach of Retail Banking Order
The UK Competition and Markets Authority (CMA) has sent a letter to Barclays Bank UK plc regarding breaches of Part 5 (Payment Transaction Histories) of the Retail Banking Market Investigation Order 2017. Part 5 of the Order requires banks and building societies to...
Nasdaq fines TradeLink Securities for alleged rule violations
The Nasdaq Stock Market LLC has published a notice of disciplinary action against TradeLink Securities, LLC. During the period of January 1, 2021 through April 16, 2021 (the “Relevant Period”), the firm violated Nasdaq Rule Equity 2, Section 5(a)(2) by failing to...
CFTC clashes with My Forex Funds over privileged info
The lawsuit brought by the Commodity Futures Trading Commission (CFTC) against Murtuza Kazmi and Traders Global Group Inc., d/b/a “My Forex Funds”, continues at the New Jersey District Court. Recently, the parties have been engulfed in arguments over information...
CySEC warns of impersonator websites demanding fees for client recoveries
Cyprus financial regulator The Cyprus Securities and Exchange Commission (CySEC) has issued a statement that it has become aware of the website cysecgov.org, which has been maliciously created and does not belong to CySEC. Additionally, the email address...
CFTC seeks to revoke registrations of Purvesh Mankad, CTAX Partners and CTAX Series
The Commodity Futures Trading Commission (CFTC) today announced it commenced actions to revoke the registrations of Purvesh Mankad, and his affiliated entities CTAX Partners, LLC and CTAX Series, LLC. The CFTC’s actions are based on the injunctions entered and...
Inflationary pressures are easing in Canada. Riksbank cut interest rate by 0.25% :: InvestMacro
By JustMarketsOn Tuesday, stocks in the US ended the session lower. The Dow Jones Index (US30) was down 0.15%, while the S&P 500 Index (US500) fell by 0.20%. The NASDAQ Technology Index (US100) closed negative 0.33%. Volatility increased ahead of the upcoming...
Precious Mettle :: InvestMacro
“The desire for gold is the most universal and deeply rooted commercial instinct of the human race.” – Gerald M. LoebGerald M. Loeb was a founding partner of the famous brokerage house E.F. Hutton, where he honed his skills as a Wall Street trader and investment...
Trustly appoints Adam D’arcy as CPO
Trustly, Inc., a provider of open banking payments, today announced the appointment of Adam D’arcy as Chief Product Officer. Adam D’arcy Trustly looks to reinforce its product team by bringing on D’arcy to lead several upcoming product expansions for Open Banking...
Brent Oil Falters Amid Surprising Inventory Growth and Geopolitical Developments :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil has seen a decline to 77.07 USD a barrel on Wednesday, influenced by unexpected shifts in U.S. energy inventories and ongoing geopolitical developments. The analysis of Brent prices highlights key factors contributing...
NinjaTrader names Tobin McDaniel its new President
Fintech platform for retail futures trading NinjaTrader today announced that Tobin McDaniel has joined the company as President. Tobin’s appointment is the latest in NinjaTrader’s wave of executive hires and reaffirms the company’s commitment to continue building a...
Pet Odor Product Continues to Be Lucrative for Clean Tech Co. :: InvestMacro
Source: Streetwise Reports (8/19/24)Clean technology company BioLargo Inc. (BLGO:OTCQX) continues to see rising revenues with strong year-over-year and quarter-over-quarter growth, an analyst wrote in an updated research note on Friday.The company this week announced...
Bitfarms to acquire Stronghold Digital Mining
Bitfarms Ltd, a Bitcoin data center company, and Stronghold Digital Mining, Inc have entered into a definitive merger agreement under which Bitfarms will acquire Stronghold in a stock-for-stock merger transaction. The transaction is valued at approximately US$125...
AI pioneers want bots to replace human teachers – here’s why that’s unlikely :: InvestMacro
By Annette Vee, University of Pittsburgh OpenAI co-founder Andrej Karpathy envisions a world in which artificial intelligence bots can be made into subject matter experts that are “deeply passionate, great at teaching, infinitely patient and fluent in all of the...
CMA closes existing Competition Act cases into Google’s Play Store and Apple’s App Store
The UK Competition and Markets Authority (CMA) has closed its existing Competition Act cases into Google’s Play Store and Apple’s App Store as it plans for the roll out of the new digital markets competition regime. While the CMA has not taken any decisions on what...
Cantor Fitzgerald to pay $100k fine for alleged FINRA rule violations
Cantor Fitzgerald & Co has agreed to pay a fine of $100,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From July 2017 through May 2019, Cantor Fitzgerald acted as a market-maker in OTC securities, including securities...
HK regulator warns against “ICE Global Professional Station”
The Securities and Futures Commission (SFC) of Hong Kong today warned the public of a suspicious access link through which investors can gain access to the mobile application of “ICE Global Professional Station”. ICE Global Professional Station, which claims to be a...
Instant payments go live in Switzerland
Instant payments were launched in Switzerland on 20 August 2024. Around 60 financial institutions are now able to receive and process instant payments, covering more than 95% of Swiss retail payment transactions. By end-2026 at the latest, all financial institutions...
NZ regulator confirms Du Val placed in statutory management
The Financial Markets Authority (FMA) of New Zealand today confirmed that a number of entities within the Du Val group were placed in statutory management under the terms of the Corporations (Investigation and Management) Act 1989 (the Corporations Act). Statutory...
SEC charges Equiniti Trust with failing to protect client funds against cyber intrusions
The Securities and Exchange Commission (SEC) today announced settled charges against New York-based registered transfer agent Equiniti Trust Company LLC, formerly known as American Stock Transfer & Trust Company LLC, for failing to assure that client securities...
NFA fines Ikigai Strategic Partners and its principal Anthony Robert Emtman
The US National Futures Association (NFA) has ordered Ikigai Strategic Partners LLC, an NFA Member commodity pool operator located in Rio Grande, Puerto Rico, and Anthony Robert Emtman, a principal and associated person of Ikigai Strategic, to jointly pay a $150,000...
CFTC orders Get Money Tradez, its managing member to pay over $520,000 for fraud violations
The Commodity Futures Trading Commission (CFTC) today issued an order simultaneously filing and settling charges against Get Money Tradez LLC (GMT), and its managing member, Jeffrey Carmon, Jr. a/k/a Jeffery Carmon, Jr. The order finds the respondents violated...
EUR/USD Holds Near Seven-Month High Amid Speculation on Fed Rate Cuts :: InvestMacro
By RoboForex Analytical DepartmentEuro vs dollar maintains its position close to a seven-month peak, trading at 1.1077 on Tuesday. The US dollar’s weakening continues, largely driven by market expectations of an imminent interest rate cut by the US Federal Reserve...
Admirals makes currency conversion fee visible on MT5 platform
Retail FX and CFD broker Admirals today announced an update to its MetaTrader 5 (MT5) platform that enhances the way it displays the currency conversion fees. Here’s the essential information: No new fees: Admirals have not introduced any new charges. Improved...
Can Boeing Recover? Analyzing the Company’s Path to Profitability :: InvestMacro
By The Ino.com TeamSince the start of 2024, aerospace giant The Boeing Company (BA) has faced a turbulent ride, with its stock plummeting over 30%. The decline was primarily triggered by heightened regulatory scrutiny following a severe safety incident involving one...
PBoC expectedly left rates unchanged. Bitcoin returned to the $60,000 mark :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones (US30) Index was up 0.58%, while the S&P 500 (US500) Index increased by 0.97%. The NASDAQ Technology Index (US100) closed positive 1.39%. That day, dovish Fed comments drove bond yields lower and supported equities....
State Street to collaborate with Taurus on full service digital platform for institutional investors
State Street Corporation (NYSE:STT) and Taurus SA, a a provider of digital asset infrastructure, today announced a strategic agreement that will deliver trusted and reliable digital assets capabilities for State Street Bank and Trust Company clients. The agreement...
ASX lists deliverable Wallumbilla Natural Gas Futures contract
ASX has expanded its energy derivatives market presence, listing the physically settled Wallumbilla Natural Gas Futures contract for trading this week. Jointly developed with the Australian Energy Market Operator (AEMO), the contract is the latest addition to ASX’s...
PayPal expands partnership with Adyen
PayPal Holdings, Inc. (NASDAQ:PYPL) today announced the strengthening of its global partnership with financial technology platform Adyen. Within the expanded partnership, Adyen will offer Fastlane by PayPal to accelerate guest checkout flows for its enterprise and...
Standard Chartered announces appointments to its Transaction Banking team
Standard Chartered announced today the appointment of Sofia Hammoucha as Global Head of Trade & Working Capital based in Singapore. Ms Hammoucha succeeds Kai Fehr, who has decided to move back to his home country, Germany, to spend more time with his family. Sofia...
iSAM Securities hires Azadeh Kasraei as Head of Integrated Client Solutions
London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that it has hired Azadeh Kasraei as Head of Integrated Client Solutions, in a strategic move to develop and improve experience and delivery. Azadeh began her career in...
Exclusive: Trade Nation posts £2.2M loss as Revenues decline 5% in 2023
FNG Exclusive… FNG has learned via regulatory filings that FCA licensed FX, CFDs, and spreadbetting broker Trade Nation Financial UK Ltd has seen a decline in Revenue in 2023 (fiscal year ended November 30), leading to a £2.2 million Net Loss for the year at the...
eToro enables its clients to invest in top DFM-listed companies
Online broker eToro today announced its partnership with Dubai Financial Market (DFM), enabling eToro’s 38 million registered clients to invest in 10 companies listed on the exchange. This partnership aims to broaden investment opportunities for eToro’s user base and...
JSE signs further contract extension for provision of Beeks’ Exchange Cloud
Beeks Financial Cloud Group plc (LON:BKS), a cloud computing and connectivity provider for financial markets, today announced that the Johannesburg Stock Exchange (JSE) has signed a further significant contract extension for the provision of Beeks’ Exchange Cloud, to...
AUD/USD climbs as RBA maintains firm stance on interest rates :: InvestMacro
By RoboForex Analytical Department The Australian dollar (AUD) is witnessing a rise against the US dollar (USD) for the second consecutive day, reaching 0.6629. This upward movement is bolstered by the Reserve Bank of Australia’s (RBA) current policy stance. RBA...
Bitwise acquires ETC Group – FX News Group
Bitwise Asset Management today announced the acquisition of ETC Group, a London-based crypto ETP issuer. The news marks Bitwise’s expansion into Europe and adds nine European-listed crypto ETPs to Bitwise’s broad suite of ETPs, hedge fund solutions, and separately...
Holds near record high…what next? :: InvestMacro
Gold ↑ 21% year-to-dateFOMC minutes & Jackson Hole in focusBullish but RSI overbought on multiple timeframesBloomberg FX model: 73% XAUUSD – (2440.49 – 2567.13)Key technical level – $2500In case you missed it, gold surged over 2% last Friday to create a fresh...
SEC brings charges against Carl Icahn and Icahn Enterprises
The Securities and Exchange Commission (SEC) today announced charges against Carl C. Icahn and his publicly traded company, Icahn Enterprises L.P. (IEP), for failing to disclose information relating to Icahn’s pledges of IEP securities as collateral to secure personal...
Oil prices are declining due to weakening demand from China. US and European stock indices continue to rise in price :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) Index gained 0.24% (+2.79% for the week), while the S&P 500 (US500) Index gained 0.20% (+3.78% for the week). The NASDAQ Technology Index (US100) closed positive 0.21% (for the week +4.99%). A busy week of economic...
Australian regulator takes down more than 7,300 phishing and investment scam websites
The Australian Securities and Investments Commission (ASIC) announced today the takedown of more than 7,300 phishing and investment scam websites that seek to swindle consumers out of their information. Since July 2023, ASIC has coordinated the removal of over 5,530...
Plus500 registers rise in revenues in H1 2024, cash position passes $1bn mark
Plus500 Ltd (LON:PLUS), a multi-asset fintech group, today announced its interim results for the six-month period ended 30 June 2024. Plus500 delivered a strong financial performance in H1 2024. Revenue and EBITDA grew year-on-year, by 8% and 6%, respectively, and the...
ATFX launches MT5 trading platform
Leading global CFDs broker ATFX has announced the launch of the MetaTrader 5 (MT5) platform for its clients. The company said that this milestone not only underscores ATFX’s unwavering commitment to continually upgrading its customer service quality, but also marks a...
FINRA fines SAL Equity Trading for reporting deficiencies
SAL Equity Trading, GP has agreed to pay a fine of $75,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From February 2021 to May 2023, SALET inaccurately reported to the Trade Reporting and Compliance Engine (TRACE)...
FCA cancels SPI registration of Apex Money Limited
The UK Financial Conduct Authority (FCA) has cancelled the registration of Apex Money Limited as a small payment institution (SPI). The Authority has concluded that the firm is no longer meeting the conditions for registration as an SPI under the PSRs, and that its...
Doo Payment granted Australia remittance license by AUSTRAC
Doo Payment AU Pty Ltd, a subsidiary of Doo Payment, a brand under Doo Group, has announced that it has successfully obtained an independent remittance license (license number: IND100844845-001) issued by the Australian Transaction Reports and Analysis Centre...
MAS issues prohibition order against former HSBC rep
The Monetary Authority of Singapore (MAS) today issued a one-year prohibition order (PO) against a former representative of HSBC Bank, Aw Jun Ray, Reko Corinthians. Mr Aw was investigated for the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of...
Valverde partners with Broadridge to enhance investment management technology
Valverde Investment Partners, a newly established Singapore-based independent investment management firm, has appointed Broadridge Financial Solutions, Inc. (NYSE:BR) to enhance its portfolio management, trade order management, and risk analytics processes. This...
FX week in review: Sports partnerships, FXTB fine, Saxo trading volumes, FXFlat sold, ACY IPO plans, MT4/MT5 prop firm trouble
The dawn of the new football season in Europe has brought with it a number of new partnerships and sponsorships from Retail FX and CFDs brokers, with firms such as CFI, Axi, Spreadex, Equiti, ZERO Markets, and TrioMarkets inking new deals. Sports sponsorship has...
Speculators flip Japanese Yen bets into 1st bullish position since March 2021 :: 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 13th and shows a quick view of how large market...
Speculator Bets led by 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 August 13th and shows a quick view of how large traders...
Speculator Bets led by Sugar & Wheat :: 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 13th and shows a quick view of how large...
Yen, VIX, 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 August 13th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Speculator Bets led by SOFR 3-Months & 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 August 13th 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 August 13th and shows a quick view of how large traders...
Copper Is in a Full Bear Market :: InvestMacro
Source: Michael Ballanger (8/14/24)Even though copper prices bottomed on Thursday, Michael Ballanger of GGM Advisory Inc. still thinks Freeport-McMoRan Inc. (FCX:NYSE) is a Buy. Freeport-McMoRan Inc. (FCX:NYSE)Copper prices bottomed on Thursday, August 8, right before...
NAS100 set for Jackson Hole shake up? :: InvestMacro
NAS100 ↑ 13% from August lowFriday speech by Fed Powell to impact Fed cut betsWatch out for FOMC minutes mid-weekIndex trading roughly 7% away from all-time highKey levels – 18400, 19500, 20100It’s that time of the year again with the annual Jackson Hole Economic...
International students will offer a big boost to the US economy this back-to-school season :: InvestMacro
By Barnet Sherman, Boston University Of the millions of young adults heading off to college this fall, many will be international students. If trends continue, about 1 million students from around the world will come to the U.S. to pursue higher education this...
Offshore wind farms connected by an underwater power grid for transmission could revolutionize how the East Coast gets its electricity :: InvestMacro
By Tyler Hansen, Dartmouth College; Abraham Silverman, Johns Hopkins University; Elizabeth J. Wilson, Dartmouth College, and Erin Baker, UMass Amherst Offshore winds have the potential to supply coastlines with massive, consistent flows of clean electricity. One study...
What is mpox? A microbiologist explains what’s known about this smallpox cousin :: InvestMacro
By Rodney E. Rohde, Texas State University On Aug. 14, 2024, the World Health Organization declared mpox a public health emergency of international concern. There have been over 15,600 cases and over 530 deaths reported in the Democratic Republic of the Congo and...
AUD/USD climbs as RBA maintains firm stance on interest rates :: InvestMacro
By RoboForex Analytical DepartmentThe Australian dollar (AUD) is witnessing a rise against the US dollar (USD) for the second consecutive day, reaching 0.6629. This upward movement is bolstered by the Reserve Bank of Australia’s (RBA) current policy stance. RBA...
VT Markets becomes sponsor of Newcastle United FC
English Premier League football club Newcastle United FC has announced that it has agreed a multi-year partnership with VT Markets, an online financial trading platform. The Australia-based broker becomes the club’s Official Financial Trading Partner. VT Markets will...
The German DAX Index has risen for 8 consecutive sessions. Malaysia’s GDP shows strong growth :: InvestMacro
By JustMarketsOn Thursday, the Dow Jones (US30) Index gained 1.61%, while the S&P 500 (US500) Index closed 1.39% higher. The NASDAQ Technology Index (US100) closed yesterday positive 2.34%. Signs of a strengthening US economy are driving stocks higher today after...
FCA cancels permission of Wolverhampton Wanderers Football Club (1986) Limited
The UK Financial Conduct Authority (FCA) has cancelled the permission and withdrawn the authorisation of Wolverhampton Wanderers Football Club (1986) Limited. The reason for this action is that the Authority considers the firm is carrying on no regulated activities to...
Saxo Japan suspends fixed spreads on AUD/JPY
Saxo Bank Securities Co., Ltd., the Japanese subsidiary of multi-asset investment specialist Saxo Bank, today issued a brief notice regarding trading conditions. The broker has decided to suspend fixed spreads on the AUD/JPY currency pair. The change is announced...
FCA fines PwC £15M for failing to alert regulator about suspected fraudulent activity at LCF
The UK Financial Conduct Authority (FCA) has fined PricewaterhouseCoopers LLP (PwC) for failing to report to the regulator their belief that London Capital & Finance plc (LCF) might be involved in fraudulent activity. This is the first time the FCA has fined an...
ASX sees net profit decline in FY24
ASX today posted its financial results for the fiscal year to June 30, 2024. ASX delivered FY24 operating revenue of $1.03 billion, a 2.4% increase on the prior corresponding period (pcp) and a record revenue performance for ASX. Performance across ASX’s four lines of...
FINRA imposes $225k fine on American Portfolios Financial Services
American Portfolios Financial Services, Inc. has agreed to pay a fine of $225,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). Between January 2019 and August 2022, American Portfolios opened new accounts for multiple customers...
Exclusive: Trading 212 acquires FXFlat
FNG Exclusive… FNG has learned that London/Sofia based online broker Trading 212 has acquired Germany based Retail FX and CFDs broker FXFlat. The parties did not disclose the financial terms of the transaction. Rafael Neustadt FXFlat is a Ratingen, Germany based...
Spreadex sponsors Sheffield United FC
For the second time this week, financial spread betting and sports betting firm Spreadex is sponsoring a football club in the EFL Championship, the second tier of English football. After earlier reporting that Spreadex was renewing its sponsorship of Watford FC,...
Capital.com launches bug bounty programme with Intigriti in Cybersecurity push
Leading Retail FX and CFDs broker Capital.com has announced the launch of a public bug bounty programme hosted on leading crowdsourced security platform, Intigriti. This initiative highlights the company’s proactive approach to cybersecurity and commitment to...
Bank of America to be Official Bank Sponsor of FIFA World Cup 26
FIFA today announced Bank of America as the Official Bank Sponsor of FIFA World Cup 26. Through this new partnership, FIFA and Bank of America will work together to support the growth of the global game and the tournament’s impact on football fans of all ages,...
Exclusive: Funds for Traders shuts after Eightcap cuts MT4/MT5 for prop firms
FNG Exclusive… FNG has learned that Netherlands based retail prop trading firm Funds for Traders (at website fundsfortraders.com) is shutting down. The company’s website is now showing a message (see full text below) stating that the company’s executing broker,...
TipRanks founders, employees, investors bought out by Prytek after receiving $200M outside offer
Retail trader investment tools and research provider TipRanks has announced that its largest shareholder, IT investment house Prytek, has taken its stake in the company from 40% to 80%, after buying out company founders Uri Gruenbaum and Gilad Gat, other company...
AI supercharges data center energy use – straining the grid and slowing sustainability efforts :: InvestMacro
By Ayse Coskun, Boston University The artificial intelligence boom has had such a profound effect on big tech companies that their energy consumption, and with it their carbon emissions, have surged.The spectacular success of large language models such as ChatGPT has...
Equiti becomes sleeve sponsor of Al Wahda FC
UAE based global online brokerage Equiti Group has announced its sponsorship of Abu Dhabi’s Al Wahda Football Club. The company said that this investment is more than just a sponsorship; it’s a celebration of community spirit and a commitment to supporting local...
Indices rise amid lower inflation in the US. Oil returned to decline due to reduced tension in the Middle East :: InvestMacro
By JustMarketsAt the end of Wednesday, the Dow Jones (US30) Index gained 0.61%, and the S&P 500 (US500) Index closed with an increase of 10.38%. The NASDAQ Technology Index (US100) closed yesterday positive 0.03%. Stocks found support on Wednesday after the US CPI...
Zip announces partnership with Stripe in the US
Zip (ASX:ZIP), a digital financial services company, today announced its integration as a payment method for U.S. merchants using Stripe. With the new integration, eligible merchants can easily enable Zip as a payment method with a single click, which can help attract...
Philly schools are in disrepair − the municipal bond market is 1 big reason :: InvestMacro
By David I. Backer, West Chester University of Pennsylvania The Conversation, CC BYMany of Philadelphia’s schools are in terrible shape. The average public school building in the city is over 70 years old, and some are over 120 years old. The state of disrepair,...
FIS unlocks Neural Payments solution to its clients
FIS (NYSE:FIS) today announced that it is unlocking the Neural Payments solution to its clients, expanding the availability of peer-to-peer (P2P) payments by leveraging the company’s global scale and NYCE debit rails to bring this capability to a wider range of...
Konsolidator introduces Banking app – FX News Group
Konsolidator introduces its newest application, Konsolidator Banking. This is in line with Konsolidator’s growth strategy, and growth initiatives announced in the annual report 2023. Konsolidator Banking allows the company to reach a new business segment by leveraging...
CFI sees 37% growth in trading volumes, 98% leap in active clients in Q2 2024
Leading online trading provider CFI has announced that it has continued its remarkable momentum from Q1 2024, achieving unprecedented milestones and setting new records in Q2 2024. This quarter’s achievements further solidifies CFI’s commitment to excellence,...
FCA censures Macintyre Hudson for failings in client asset reports
The UK Financial Conduct Authority (FCA) has censured the auditor Macintyre Hudson LLP (MHA) for failing to prepare client assets reports to the required standard. MHA failed to notify the FCA of rule breaches by firms it had audited, which could have put customers’...
Interactive Brokers adds CFDs on US stocks and ETFs to overnight trading
Electronic trading major Interactive Brokers (NASDAQ:IBKR) today announced the expansion of its overnight trading offering to include Contracts for Difference (CFDs) on US stocks and ETFs. In addition to US Stocks, ETFs, and Index Options, this expansion allows...
CQG adds study alerts, enhances profile charts in CQG One
CQG, a provider of high-performance technology solutions for traders, brokers, commercial hedgers and exchanges, has updated CQG One and CQG Desktop. CQG One & CQG Desktop Version 9.7 offer a series of enhancements: Charting Added option to hide drawing tools...
Binance registers as reporting entity with India’s Financial Intelligence Unit
Binance has registered as a reporting entity with India’s Financial Intelligence Unit (FIU). This achievement marks Binance’s 19th global regulatory milestone. Richard Teng, CEO of Binance, commented: “Our registration with the FIU-IND marks an important milestone in...
ATFX launches $1M client funds insurance via Lloyd’s
Leading global online broker ATFX has announced the launch of ATFX Client Funds Insurance. This comprehensive insurance policy assures the safety and security of client funds up to USD $1,000,000 per Claimant, further strengthening ATFX’s commitment to protecting...
CMC Markets’ Deputy CEO and CFO acquire shares under incentive plan
CMC Markets Plc (LON:CMCX), a global provider of online trading and platform technology, today reported transactions in its shares by members of its top management. David John Fineberg, deputy CEO of CMC Markets, and Albert Soleiman, CFO of the broker, acquired shares...
CFTC orders Vitol to pay $500k penalty for position limit violations
The Commodity Futures Trading Commission (CFTC) today issued an order filing and settling charges against Vitol, Inc., based in Houston, Texas, and its affiliate, Vitol SA, headquartered in Geneva, Switzerland for exceeding the CFTC’s position limits on aggregate...
USD/JPY Sees Retreat Amid US Dollar Weakness :: InvestMacro
By RoboForex Analytical DepartmentUSD/JPY has retreated from its peak this week, settling at 146.82. The yen gained some strength as the US dollar weakened following July’s lacklustre US Producer Price Index (PPI) data. This report bolstered market expectations for a...
SEC goes after Russell Todd Burkhalter, Drive Planning to halt $300M Ponzi scheme
The Securities and Exchange Commission (SEC) today announced that it obtained a preliminary injunction, asset freeze, and other emergency relief against Atlanta-based Drive Planning LLC and its founder and CEO, Russell Todd Burkhalter, to halt a $300 million real...
On breakout watch ahead of key events :: InvestMacro
Potential trading opportunities on horizon for CHINAHRaft of China data, Alibaba & JD.com earnings on ThursdayCHINAH respecting bearish channel on D1 chartsKey levels of interest – 5965, 6100 & 6225If you are seeking fresh market opportunities, then look no...
eToro launches three portfolios based on US political activity
Online brokerage eToro today launched three new Smart Portfolios, including one that copies Congress members’ stock buys. The portfolios, launched in partnership with investment research platform Quiver Quantitative, will all tap into publicly disclosed government...
RBNZ unexpectedly decreased the rate by 0.25%. Today the focus of investors is directed to the data on the inflation of the US and the UK :: InvestMacro
By JustMarketsOn Tuesday, the Dow Jones (US30) Index gained 1.04%, while the S&P 500 (US500) Index closed 1.68% higher. The NASDAQ Technology Index (US100) closed yesterday at a positive 2.43%. Stocks found support on Tuesday thanks to lower bond yields after US...
FSCS starts accepting claims against Central Markets Investment Management Ltd
The UK Financial Services Compensation Scheme (FSCS) has provided an update on Central Markets Investment Management Ltd. Central Markets Investment Management Limited (CMIML) went into creditors voluntary liquidation on 2 July 2024. Dominic Thiel-Czerwinke and Louise...
UK regulator bans Martin Sarl for dishonest and reckless conduct
The UK Financial Conduct Authority (FCA) has banned Martin Sarl from working in the financial services industry and fined him £5,021 for acting without honesty and integrity. Between 7 November 2017 and 24 October 2019, Mr Sarl, who was the sole director at Perry...
Vantage Copy Trading introduces multiple copy modes
Multi-asset broker Vantage Markets has introduced multiple copy modes in the Vantage App, offering traders greater flexibility to diversify their copy trades and refine their trading strategies. This exciting update reaffirms Vantage’s dedication to delivering...
FCA imposes £276,100 fine on FXTB for unfair customer treatment practices
The UK Financial Conduct Authority (FCA) has fined Cypriot CFD broker Forex TB Limited (FXTB) £276,100 for failing to treat its customers fairly, and for providing investment advice without being authorised to do so. FXTB pressured customers to put their money at risk...
GTN hires Saxo Bank alum Ahmad Abouardini as MENA Relationship Manager
Dubai based trading solutions provider GTN has announced the appointment of Ahmad Abouardini as Middle East Relationship Manager. Ahmad, a seasoned professional with over eight years at Saxo Bank (2011-2019) overseeing strategic relationships and platform sales in the...
Alex Manson joins Standard Chartered management team
Standard Chartered PLC today announced an update to its Management Team (MT). Alex Manson, CEO, SC Ventures, will join the MT, effective immediately. Bill Winters, Group Chief Executive, said: “We need to constantly adapt our strategy to ensure that we remain relevant...
BBVA’s AI Factory expands to Mexico and Türkiye
BBVA’s AI Factory, a center dedicated to developing artificial intelligence (AI) solutions, expands to Mexico and Türkiye in order to create products globally and leverage knowledge across the Group. With these new centers, BBVA aims to accelerate the adoption of...
BoE raises £914K for charity from auction of low serial number King Charles banknotes
The Bank of England has announced that an auction of King Charles III banknotes has raised £914,127 (USD $1.2 million) for charity. Following the issuance of the first new King Charles banknotes in June 2024, low serial number banknotes were auctioned for charity...
SEC obtains final judgment against broker posing as hedge fund manager
The Securities and Exchange Commission (SEC) has obtained a final judgment against Rand Heckler. On August 12, 2024, the New York Eastern District Court entered a final judgment against Rand Heckler, enjoining him from violating certain provisions of the federal...
Brent Crude Oil Faces Demand Concerns Despite Recent Gains :: InvestMacro
By RoboForex Analytical DepartmentAfter five consecutive days of upward movement, Brent crude oil is now experiencing a consolidation phase, with prices retreating slightly to 81.80 USD per barrel on Tuesday. Market sentiment is being influenced by renewed concerns...
MIAX Sapphire becomes OCC participant exchange
Equity derivatives clearing organization OCC today announced that MIAX Sapphire, LLC has become an OCC participant exchange. MIAX Sapphire, owned by parent holding company Miami International Holdings, Inc. (MIH), launched operation of the MIAX Sapphire electronic...
Set for more wild price swings? :: InvestMacro
Raft of UK data could rock UK100 this weekUK CPI sparked moves of ↑ 0.9% & ↓ 0.8% over past yearIncoming US CPI data may set tone for marketsKey levels of interest – 8120, 8200, 8310 Watch this space because FXTM’s UK100 index could see significant price...
Public launches Bond Accounts – FX News Group
Investing platform Public announces the launch of a Bond Account, a convenient way to invest in multiple bonds. The new Bond Account will allow members to invest in a diverse set of ten corporate bonds issued by companies across various industries, including...
WTI crude oil prices rise for the 5th day in a row. Australian dollar rises amid strong economic data :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones (US30) Index was down 0.36%, while the S&P 500 (US500) Index closed at its opening level. The NASDAQ Technology Index (US100) closed positively, 0.21%. Strengthening chip stocks supported the overall market, led by...
ZERO Markets named official trading partner of Wolverhampton Wolves
English Premier League football club Wolverhampton Wanderers FC, famously known as the Wolves, has announced that Australia based Retail FX and CFDs broker ZERO Markets is the club’s official trading partner, ahead of the 2024/25 EPL season opener away at Arsenal this...
Paysafe registers 9% Y/Y increase in revenues in Q2 2024
Payments platform Paysafe Limited (NYSE:PSFE) today announced its financial results for the second quarter of 2024. Total revenue for the second quarter of 2024 was $439.9 million, an increase of 9%, compared to $402.3 million in the prior year period, reflecting 7%...
Exclusive: Eightcap names Rositsa Radovanova as General Manager Europe
FNG Exclusive… FNG has learned that Australia based Retail FX and CFDs broker Eightcap has named Bulgaria based executive Rositsa Radovanova as General Manager, Europe at the company. Rositsa Radovanova joined Eightcap in 2021 and has served as Sales and Client...
ESMA recognises CDS Clearing and Depository Services as Tier 1 CCP
The European Securities and Markets Authority (ESMA) has signed a Memorandum of Understanding (MoU) with the British Columbia Securities Commission and updated its list of recognised third-country central counterparties (TC CCPs) under the European Markets...
Trader to pay $100k fine for violations of CME rules
International derivatives marketplace CME Group has issued a notice of disciplinary action against Andrew Middlebrooks. The Chief Regulatory Officer of CME Group’s Market Regulation Department issued charges against Andrew Middlebrooks for violating Rules 432.W. and...
Exclusive: Finstek hires T4B exec Sergei Gruzin as CCO
FNG Exclusive… FNG has learned that trading tech provider Finstek has hired Sergei Gruzin as its new Chief Commercial Officer (CCO). Sergei Gruzin joins Finstek from liquidity bridge solutions company Tools for Brokers, where – based in Singapore – he served as Head...
Salary of IG CEO Breon Corcoran set at £800k on appointment, not to be increased for FY25
Electronic trading major IG Group has published its latest annual report, shedding light on top management remuneration, including joining arrangements for Breon Corcoran. As announced in December 2023, following a comprehensive global search process Breon Corcoran...
SEC charges NovaTech in connection with $650M crypto fraud
The Securities and Exchange Commission (SEC) on Monday charged Cynthia and Eddy Petion, along with their company, NovaTech Ltd., for operating a fraudulent scheme that raised more than $650 million in crypto assets from more than 200,000 investors worldwide. The SEC...
CFI expands JFA partnership as league renames to “Jordanian Pro League – CFI”
Leading online broker CFI has announced a significant expansion of its strategic partnership with the Jordan Football Association (JFA) through its branch, CFI Jordan. This milestone includes the renaming of the Jordanian Pro League, the pinnacle of professional...
IG Group CEO Breon Corcoran steps down as Chair of Auction Technology Group
Electronic trading major IG Group Holdings plc (LON:IGG) has been notified that Breon Corcoran, Chief Executive Officer of the Company, has stepped down as Chair and Non-Executive Director of Auction Technology Group plc with effect from 9 August 2024. Mr Corcoran has...
Toru Nakashima joins Jefferies Board of Directors
Jefferies Financial Group, Inc. (NYSE:JEF) today announced the appointment of the Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) President and Group Chief Executive Officer, Toru Nakashima, to Jefferies’ Board of Directors effective August 12, 2024. The appointment...
Cboe Global Markets starts publishing intraday values for VIXTLT Index
Derivatives and securities exchange network Cboe Global Markets, Inc today announced it has begun publishing intraday values for the new Cboe 20+ Year Treasury Bond ETF Volatility Basis Point Index (VIXTLT Index). Leveraging Cboe’s proprietary VIX® Index methodology,...
SEC orders Cadaret, Grant & Co to pay over $6M
The Securities and Exchange Commission (SEC) today announced settled charges against New York-based registered investment adviser Cadaret, Grant & Co., Inc., for breaches of its fiduciary duty related to its receipt of third-party revenue without fully and fairly...
CME permanently suspends trader for engaging in prohibited disruptive practices
International derivatives marketplace CME Group today posted a notice of disciplinary action against Marcio Tavares. The Chief Regulatory Officer issued charges against Marcio Tavares for violating CME Rules 432.L.1., 575.A., and 575.B., based on allegations that on...
TrioMarkets targets Africa traders with Enyimba FC sponsorship
Nigerian Professional Football League club Enyimba FC has announced that Retail FX and CFDs broker Triomarkets has become its official global trading partner. The partnership will see the TrioMarkets logo featured on the club’s kits and other touch points for the...
TradingView adds data from Zhengzhou Commodity Exchange
TradingView has added futures data from the Zhengzhou Commodity Exchange (ZCE). Founded in 1990 as a pilot exchange in China’s futures market, ZCE operates under the regulation of the China Securities Regulatory Commission (CSRC). ZCE is committed to maintaining a...
Robinhood hires ex Lyft tech head Jeff Pinner as CTO
US neobroker Robinhood (NASDAQ:HOOD) has announced that Jeff Pinner has joined the company as Chief Technology Officer (CTO). Robinhood said that Jeff is a deeply respected innovator who will help the company accelerate its product roadmap, scale infrastructure,...
European gas prices jump to an 8-month high. Canada’s labor market is cooling down :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) was up 0.13% (for the week+1.17%), while the S&P 500 (US500) was up 0.47% (for the week+3.75%). The NASDAQ Technology Index (US100) closed positive 0.51% (for the week+6.57%). That day, all sectors ended trading in...
Trading Technologies closes acquisition of START
Trading Technologies International, Inc. (TT), a capital markets technology platform provider, today announced that TT’s acquisition of START, a broker-neutral trade optimization platform, from Abel Noser Holdings, is now complete. This represents the second and final...
NZD/USD gains momentum ahead of RBNZ meeting :: InvestMacro
By RoboForex Analytical DepartmentThe New Zealand dollar is steadily rising against the US dollar, with the NZD/USD pair reaching 0.6014 as of Monday. The financial markets are gearing up for Wednesday’s Reserve Bank of New Zealand (RBNZ) meeting. Analysts widely...
Nium seeks FX authorization in Brazil
Nium, a provider of real-time cross-border payments, is strengthening its presence in Latin America by applying for essential licenses, joining key fintech associations, expanding its employee presence, and signing new customers. This month Nium applied for a Payment...
Axi, Girona FC renew partnership for two more seasons
Retail Forex and CFD broker Axi has announced a renewal of its partnership with LaLiga club, Girona FC, for two more seasons. Since partnering with the Spanish club at the beginning of the 2023/24 season as their Official LATAM Online Trading Partner, the team have...
Spreadex renews as sponsor of Watford FC
Watford Football Club has announced that its partnership with financial spread betting and sports betting firm Spreadex has been renewed leading into the 2024/25 campaign. Watford FC competes in the EFL Championship, the second tier of English football. Spreadex...
Exclusive: William Mead named Head of Operations at IG Group
FNG Exclusive… FNG has learned that leading UK based online trading firm IG Group (LON:IGG) has named William Mead as the company’s new Head of Operations. William Mead has been at IG for 13 years, joining in 2013 in Trading Services before being named Global Head of...
Exclusive: UBS Executive Director of FX Sales Richard Turner moves to HSBC
FNG Exclusive… FNG has learned that global banking firm HSBC has hired experienced FX industry executive Richard Turner as Director, FX Sales in its London office. Richard Turner joins HSBC from Swiss bank UBS, where he worked for the past four years as Executive...
RoboForex enhances “Market Analysis” section on its website
Retail FX and CFD broker RoboForex has improved its in-house financial analysis content for traders. The improvements are already live in the “Market Analysis” section on the RoboForex website. The RoboForex “Market Analysis” offers daily market analysis and forecasts...
Japanese Yen, Natural Gas & Silver lead 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 August 6th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Exclusive: Prop firm The Trading Pit’s Head of Dealing Hakam Thalji joins SquaredFinancial
FNG Exclusive… FNG has learned that Cyprus based Retail FX and CFDs broker SquaredFinancial has hired experienced industry executive Hakam Thalji, as the company’s new Head of Dealing. Hakam Thalji joins SquaredFinancial after spending the past year at retail prop...
Speculators sharply pare back Japanese Yen bearish 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 6th and shows a quick view of how large market...
FX week in review: CFI acquires, CySEC onboarding rules, South Africa licenses, Robinhood record results
Where did Retail FX and CFDs broker CFI expand by acquiring a local broker? What are CySEC’s new rules for digital onboarding of clients? Which Cyprus based brokers received new licenses in the growing South Africa market? What were the main drivers behind Robinhood’s...
Speculator Bets led by Russell & S&P 500 :: 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 6th and shows a quick view of how large traders...
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 August 6th and shows a quick view of how large...
Speculator Bets led lower by Gold & Copper :: 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 6th 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 August 6th and shows a quick view of how large...
SEC charges Pacific Financial with Marketing Rule violation
The Securities and Exchange Commission (SEC) today announced settled charges against The Pacific Financial Group, Inc., a registered investment adviser based in Bellevue, Washington, for violating the Marketing Rule. The charges concerned Pacific Financial advertising...
US30 index still sensitive to US recession fears :: InvestMacro
By ForexTime Markets still obsessed with deciphering US recession risks Home Depot, Walmart earnings offer pulse on US economyLatest US inflation data also holds clues about Fed’s next movesEconomically-sensitive US30 stock index ready to punch above 50-day SMA...
EUR/USD Stabilises Amid Fed Speculation and Absence of Major Economic Data :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair has found some stability at around 1.0921 this Friday, following a week marked by high volatility. Market participants have been adjusting their positions in response to speculations concerning the US economy’s...
The Bank of Mexico unexpectedly cut its interest rate. China’s consumer inflation is on the rise :: InvestMacro
By JustMarketsAt Thursday’s close, the Dow Jones Industrial Average (US30) was up 1.76%, while the S&P 500 Index (US500) added 2.30%. The NASDAQ Technology Index (US100) closed positive 2.87% on Thursday. Stocks rose on Thursday after the weekly number of US...
FxPro adds SPY ETF and QQQ ETF to lineup of investment instruments
FxPro News/ Retail Forex News Maria Nikolova August 9, 2024 Retail FX and CFD broker FxPro has expanded its list of trading instruments by adding two new ETFs. FxPro now offers two of the biggest US ETFs: SPY and QQQ. Clients of the broker can trade these instruments...
FCA issues final notice to Equitrade Markets
The UK Financial Conduct Authority (FCA) today issued to Equitrade Markets Ltd a Decision Notice which notified the firm that the Authority had decided to cancel its Part 4A permission. It appears to the regulator that the firm is failing to satisfy the suitability...
Barclays Capital fined for alleged violations of Cboe rules
Cboe Exchange, Inc. has issued a notice of disciplinary decision against Barclays Capital Inc. From in or about July 2017 through the present, Barclays failed to record accurate order entry times for thousands of manual options orders it transmitted to third-party...
CVC, Nordic Capital, Platinum Ivy make final acquisition offer for Hargreaves Lansdown
The independent directors of Hargreaves Lansdown plc (LON:HL) and the board of directors of Harp Bidco Limited announce that they have reached agreement on the terms and conditions of a recommended final cash acquisition by Bidco of the entire issued, and to be...
Deriv Co-CEO Rakshit Choudhary on 25 years in business, and what’s ahead
FNG Exclusive Interview… 2024 marks the 25th anniversary of multi-regulated Retail FX and CFDs broker Deriv. We thought that it would be a good time to catch up with Deriv Co-CEO Rakshit Choudhary on the past 25 years, what’s ahead, where the company is growing,...
FCA warns against Plus500 clone
The UK Financial Conduct Authority (FCA) has issued a warning against a clone of retail FX and CFD broker Plus500. Clone firms are unauthorised entities that abuse the data (name, logo, address, etc) of authorised firms in order to lure victims more easily. Despite...
Citi Securities Services selected by TDCC for global custody services
Citi Securities Services has been selected by the Taiwan Depository & Clearing Corporation (TDCC) to provide global custody services as the latter implements a new centralized custody platform in the market. TDCC’s centralized custody platform is being developed...
Nasdaq Private Market adds Bank of America as investor
Nasdaq Private Market (NPM), a provider of secondary liquidity solutions to private companies, employees, and investors, announced today that it has added Bank of America as an investor. NPM’s existing investor consortium of premier global financial institutions has...
Exclusive: Valutrades’ Head of Dealing Samin Aref Zaher moves to SGX CurrencyNode
FNG Exclusive… FNG has learned that longtime Valutrades executive Samin Aref Zaher has left the company and moved SGX CurrencyNode, as Liquidity Manager. Launched in 2022 by Singapore’s SGX Group, SGX CurrencyNode seeks to become a leading anonymous Asian FX trading...
Dukascopy Bank warns of clones of its website
Dukascopy Bank SA today issued a warning against three fraudulent websites that abuse its brand. The following websites are clones: https://dukascopys.app/ https://dukascopybanks.us/ https://dukascopybankfx.com/ Clones are fraudulent entities that abuse the details...
Gold (XAU/USD) Recovers Amid Rate Cut Expectations :: InvestMacro
By RoboForex Analytical DepartmentGold (XAU/USD) prices have rebounded to 2394 USD per troy ounce, paring previous losses as the likelihood of a US Federal Reserve rate cut increases. Market sentiment is increasingly cautious amid recession fears, influencing stock...
CFTC secures $12.7bn judgment against FTX and Alameda
The Commodity Futures Trading Commission (CFTC) today announced the U.S. District Court for the Southern District of New York entered a consent order of permanent injunction and other equitable relief against FTX Trading Ltd. and Alameda Research LLC and ordered FTX...
RBI kept rates at 6.5%. The Canadian dollar is strengthening due to foreign currency inflows and rising oil prices :: InvestMacro
By JustMarketsAt Wednesday’s close, the Dow Jones Index (US30) was down 0.60%, while the S&P 500 Index (US500) decreased by 0.77%. The NASDAQ Technology Index (US100) closed negative 1.05%. Yesterday, chip stocks gave up early gains and retreated, which had a...
Exclusive: Doo Group Head of Institutional Clients Fraser Nelson departs
FNG Exclusive… FNG has learned that Fraser Nelson, Head of Institutional Clients for FX and CFDs broker Doo Group, has left his position with the company. Fraser Nelson joined Doo Group in its Cyprus office in 2022, and has since served as both Head of Institutional...
Best-performing financial assets so far in 2024 :: InvestMacro
By ForexTime US Dollar still reigns, though perhaps not much longerGBP: best-performing G10 currency vs. USD year-to-date (YTD)NETH25: FXTM’s best-performing stock index YTDCocoa: FXTM’s best-performing commodity YTDNvidia: best-performing stock on the S&P 500...
FCA interventions lead to 3,273 promotions being amended or withdrawn in Q2 2024
The UK Financial Conduct Authority (FCA) has published the latest data on financial promotions. The data was generated between 1 April 2024 and 30 June 2024 from FCA actions against firms breaching financial promotion rules. The interventions by the FCA in the second...
eToro adds 12 new stocks from Copenhagen Stock Exchange
Online broker eToro has added 12 new stocks from the Copenhagen Stock Exchange to its platform. The latest additions bring the total number of assets available to trade on eToro’s platform to 6,500 available assets. The new stocks include: $NETC.CO (Netcompany Group...
Nuvei partners with Scanco Software
Canadian fintech company Nuvei Corporation (TSX:NVEI) today announced its partnership with Scanco Software, LLC to enhance Scanco’s new Invoice2Payment (i2PAY) solution. i2PAY complements Scanco’s existing warehouse management capabilities with payments features...
Exclusive: Prop firm The Trading Pit sees departure of Head of Marketing Periklis Hanna
FNG Exclusive… FNG has learned that Periklis Hanna has left his position as Head of Marketing at Cyprus based prop trading firm The Trading Pit. The move comes several weeks after The Trading Pit’s Chief Marketing Officer (CMO), Themis Christou – who recruited Mr....
CFTC secures Court order against operator of Tradeanedge Members Fund
The Commodity Futures Trading Commission (CFTC) has secured a Court order that puts an end to its lawsuit against Harris Bruce Landgarten, operator of Tradeanedge Members Fund (TMF). On August 7, 2024, Judge Joan M. Azrack of the New York Eastern District Court signed...
Verifying facts in the age of AI – librarians offer 5 strategies :: InvestMacro
By Tracy Bicknell-Holmes, Boise State University; Elaine Watson, Boise State University, and Memo Cordova, Boise State University The phenomenal growth in artificial intelligence tools has made it easy to create a story quickly, complicating a reader’s ability to...
Standard Chartered invests in United Fintech
Following Danske Bank, Citi and BNP Paribas, UK based banking firm Standard Chartered has confirmed its investment in United Fintech, a London headquartered neutral Digital Transformation platform which acquires and forms partnerships with fintech companies in the...
Why Progressive (PGR) Stands Out :: InvestMacro
By The Ino.com TeamIn July, U.S. consumer confidence unexpectedly ticked up, offering a glimmer of optimism despite ongoing concerns about inflation and rising borrowing costs. The Federal Reserve’s closely watched gauge revealed that inflation eased slightly in June,...
Capital.com integrates Newsquawk real-time news feeds to empower retail traders
Leading Retail FX and CFDs broker Capital.com has announced a strategic partnership with leading market real-time news platform, Newsquawk. With this partnership, Capital.com clients will have access to instant, market-moving news typically reserved for institutional...
This Trend Will Likely Soon Rock the U.S. Financial System :: InvestMacro
Why monetary inflation has been shrinking By Elliott Wave InternationalNearly everyone who buys groceries, fills their car tank with gas, pays rent, buys car insurance and so on is talking about the high cost of living. And it’s true that consumer price inflation is...
SEC brings fraud charges against Taylor Woods and Howard Wu
The Securities and Exchange Commission (SEC) has taken action against Taylor Woods and Howard Wu. The relevant complaint was filed on August 6, 2024, at the California Central District Court. This case concerns two securities fraud schemes perpetrated by Defendants...
Panic selling of indices is over. New Zealand’s rising unemployment brings the RBNZ easing cycle closer :: InvestMacro
By JustMarketsAt Tuesday’s close, the Dow Jones (US30) Index was up 0.76%, while the S&P 500 (US500) Index was up 1.04%. The NASDAQ Technology Index (US100) closed positive 1.03%. US stocks recovered strongly on Tuesday, rebounding after a three-day sell-off. Dip...
CFI introduces Pre and Post-Market trading for US-listed shares
Leading online broker CFI has announced the launch of pre and post-market trading on physical US-listed shares through its CFI Multi-Asset platform. This new feature allows traders to capture opportunities outside standard trading hours, exemplifying CFI’s commitment...
Anticipating a Correction :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil’s price increased to 76.88 USD per barrel on Wednesday, continuing to rise for the second consecutive session. This rebound helps mitigate previous losses, which were part of a broader market risk aversion...
TradingView introduces tick charts (beta)
TradingView is introducing one of the most historically requested features: tick charts (in beta). Tick charts allow you to build bars based on a defined number of transactions rather than fixed time intervals. Each bar on such a chart represents a set number of...
Cboe plans to launch options on Cboe Volatility Index (VIX) futures
Cboe Global Markets, Inc today announced plans to launch options on Cboe Volatility Index (VIX) futures. The new options on VIX futures (VX) are expected to begin trading on Cboe Futures Exchange, LLC (CFE) on October 14, subject to regulatory review. Cboe currently...
Pershing fined for failing to report millions of fractional share trades to FINRA/Nasdaq Trade Reporting Facility
Pershing LLC has agreed to pay a fine of $175,000 fine as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From June 1997 through June 2023, Pershing failed to report millions of fractional share trades executed in a principal capacity...
TP ICAP to commence third share buyback programme of £30M
Following the imminent completion of its second buyback programme of £30 million, TP ICAP Group plc (LON:TCAP) announces that it will commence a third share buyback programme, starting once the Second Buyback completes, of TP ICAP’s ordinary shares of 25p each for a...
FCA on crypto marketing: If firms do not improve we will act
UK financial regulator The FCA has announced that it recently reviewed several crypto firms’ compliance with certain financial promotion rules, designed to help people better understand the risks of investing in crypto. The crypto marketing rules regime, introduced by...
1Market operator Exelcius Prime hit with €740K fine by CySEC
Cyprus financial regulator CySEC has just issued one of the largest fines ever handed out to a Retail FX and CFDs broker, announcing a €740,000 fine to CIF holder Exelcius Prime Ltd. Exelcius Prime had its CySEC license suspended back in 2022. The company previously...
Equals updates on strategic review
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”)...
H2O to pay €250M to investors following FCA investigation
Asset manager H2O AM LLP will pay €250 million to investors unable to access their funds since 2020, following an investigation by the UK Financial Conduct Authority (FCA). Between April 2015 and November 2019, H2O failed to carry out proper due diligence on...
Saxo Bank Japan suspends fixed spreads on EUR/JPY
Saxo Bank Securities Co., Ltd., the Japanese subsidiary of multi-asset investment specialist Saxo Bank, today issued a brief notice regarding trading conditions. The broker announced the temporary suspension of fixed spreads on EUR/JPY. Saxo explains that various...
Exness granted South Africa FSCA ODP license
Leading multi-asset retail broker Exness has announced that South Africa financial regulator The Financial Sector Conduct Authority (FSCA) has granted the company an ‘Over-the-Counter Derivative Provider’ (ODP) license in South Africa, broadening its license...
Broadridge registers rise in revenues in Q4 FY24
Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the fourth quarter and fiscal year 2024. Total revenues increased 6% to $1,944 million in the final quarter of fiscal year 2024 from $1,839 million in the prior year period. Recurring...
CySEC outlines new rules on digital onboarding
The Cyprus Securities and Exchange Commission (CySEC) today published a Policy Statement on the enhancement of the non-face-to-face customer onboarding process with electronic methods to outline its new rules on digital onboarding. Obliged Entities within the meaning...
OptionMetrics releases its new IvyDB Signed Volume intraday dataset
OptionMetrics, an options, equities, ETFs, and futures analytics provider for institutional investors and academic researchers worldwide, has released its new IvyDB Signed Volume intraday dataset, now available in five-minute and 30-minute snapshot intervals...
Exclusive: easyMarkets gets South Africa FSCA license
FNG Exclusive… FNG has learned that Cyprus based Retail FX and CFDs broker easyMarkets has obtained a Financial Sector Conduct Authority (FSCA) license for a new subsidiary of the company in South Africa. Other easyMarkets entities are already licensed by CySEC in...
NZD/USD Sees Recovery After Hitting Nine-Month Low :: InvestMacro
By RoboForex Analytical DepartmentThe NZD/USD pair has shown signs of recovery, reaching 0.5941 after initially plunging to a nine-month low. This downturn was triggered by concerns over a potential US recession, driven by weak job sector data, which rattled global...
Interactive Brokers enables its clients to access listed derivatives on Bursa Malaysia
Interactive Brokers (NASDAQ:IBKR), an automated global electronic broker, has announced that its clients can now access listed derivatives on Bursa Malaysia, one of the largest bourses in ASEAN. With this launch, Interactive Brokers’ clients can now trade Crude Palm...
AIs encode language like brains do − opening a window on human conversations :: InvestMacro
By Zaid Zada, Princeton University Language enables people to transmit thoughts to each other because each person’s brain responds similarly to the meaning of words. In our newly published research, my colleagues and I developed a framework to model the brain activity...
In Discussion with Andy Biggs: Introducing Cutting-Edge Technology for Prime of Prime Trading
The latest advancements in prime of prime trading technology are transforming the financial landscape, unlocking new benchmarks in what is possible for performance and efficiency. In an exclusive Q&A session, Andy Biggs, Finalto’s Group Head of Risk & Trading,...
Forced closures of carry-trade positions led to a crash in indices on Monday. The RBA maintained its policy settings :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones (US30) Index was down 2.60%, while the S&P 500 (US500) Index fell by 3.00%. The NASDAQ Technology Index (US100) closed negative 3.43%. The S&P 500 and Nasdaq 100 Indexes fell to 3-month lows, and the Dow Jones...
iSAM Securities expands liquidity offering adding 16 instruments including China H Shares, Commodities
London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that it has expanded its liquidity offering with the addition of 16 new instruments, including China H Shares, Cocoa, Coffee Arabica, Coffee Robusta, Cotton, Singapore 30...
HK virtual banks reach 2.2M depositors
The Hong Kong Monetary Authority (HKMA) issued today a report on its review of virtual banks (VBs). The review was conducted in 2024, several years after the eight VBs commenced their business in 2020, to look into their operations and impact on the Hong Kong banking...
FlowBank bankruptcy weighs on CoinShares’ principal investments performance in Q2 2024
CoinShares International Limited, a European investment company specialising in digital assets, has today published its results for the quarter ending June 30, 2024. Principal Investments generated a loss of £24.8 million (Q2 2023: £0.2 million loss) in the second...
Exclusive: CME Group’s head of eFix Matching Kyle Jannece departs
FNG Exclusive… FNG has learned that longtime London based CME Group executive Kyle Jannece is leaving the company. Kyle Jannece has served as Head of Mid-Matching for CME Group since 2018, managing CME’s Mid-Matching products (Cash Markets Division), which includes...
Robinhood cancels 24 hour trading Monday-Tuesday
In the wake of the equity (and crypto) market meltdown on Monday, leading US neobroker Robinhood (NASDAQ:HOOD) has announced that its Robinhood 24-hour overnight trading facility would not be available from Monday (August 5) into Tuesday (August 6). Monday saw a more...
IG stops accepting PayPal payments in the UK
Electronic trading major IG no longer supports PayPal as a payment option, according to IG’s Community forum. An IG representative has confirmed that PayPal payment options will no longer be available with the broker in the UK. “This decision follows discussions with...
CFI expands to Azerbaijan acquiring AzFinance
CFI, a global leader in online trading, has announced its entry into Azerbaijan through the acquisition of AzFinance İnveŞtisiya Şirkəti (AzFinance Investment Company). This milestone positions CFI as the first international company to establish a local presence in...
NFA permanently prohibits East West Global from membership
The US National Futures Association (NFA) has permanently prohibited East West Global LLC, a former NFA Member commodity pool operator located in Glencoe, Ill., from reapplying for membership and from acting or being listed as a principal of an NFA Member. NFA has...
CME Group marks record Live Cattle options OI
International derivatives marketplace CME Group today announced that its Live Cattle options reached all-time record open interest of 410,120 contracts on August 1, 2024. The new record surpassed the previous record of 399,626 set on July 31, 2014. “With demand high...
Key Factors Boosting JPY :: InvestMacro
By RoboForex Analytical DepartmentThe Japanese yen continues its recovery rally. The USDJPY pair falls to 143.38 on Monday.This development is likely only the midpoint of the process as the market regains past losses and brings the JPY to equilibrium. USDJPY is...
Exclusive: Robinhood hires David Schwed to head brokerage information security
FNG Exclusive… With the issue of cyber security – and specifically the security of client information at financial institutions – becoming ever more important, FNG has learned that leading US neobroker Robinhood (NASDAQ:HOOD) has gone outside the organization to hire...
Why are Stock, FX, Crypto markets falling? :: InvestMacro
By ForexTime Risk assets (global stocks, cryptos, etc.) plummetingHigher US unemployment rate fuelling US recession fearsMarkets fear Fed may be too late to fend off recessionSafe havens JPY, CHF rising against all G10 peersVolatile markets present trading...
TradingView adds Session volume profile to lineup of chart types
TradingView has added a new type of chart to help its users better understand the dynamics of trading volume — Session volume profile. Session volume profile (SVP) calculates volume data within a specified session or sub-session, allowing traders to analyze the...
The US dollar fell to a 12-year low. Bitcoin lost 10% of its value during the day :: InvestMacro
By JustMarketsAt the end of Friday, the Dow Jones Index (US30) fell by 1.51% (for the week -2.28%), and the S&P 500 Index (US500) lost 1.84% (for the week -2.37%). The NASDAQ Technology Index (US100) closed negative 2.43% (for the week -3.83%). On Friday, the US...
Nuvei to acquire Pay2All – FX News Group
Canadian fintech company Nuvei Corporation (TSX:NVEI) today announces that it has entered into a definitive agreement to acquire Pay2All Instituição de Pagamento Ltda., a licensed Payment Institution authorized by the Central Bank of Brazil. This strategic milestone...
Exclusive: Taurex hires MultiBank alum James Watts as Commercial Director
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Taurex has hired experienced FX industry executive James Watts, as the company’s new Commercial Director in Dubai. James Watts was previously Head of International Sales for MultiBank (2019-2021), Head of...
Short extension granted for Hargreaves Lansdown offer by CVC, Nordic Capital, SCSP
Hargreaves Lansdown plc (LON:HL) today provided an update on its discussions with CVC Advisers Limited, Nordic Capital XI Delta, SCSP, and Platinum Ivy B 2018 RSC Limited. On 19 July 2024, the independent Board of Hargreaves Lansdown announced that the consortium was...
FCA cancels OSIRIS Capital Partners’ permission to carry on regulated activities
The UK Financial Conduct Authority (FCA) has decided to cancel the Part 4A permission of OSIRIS Capital Partners LLP. The effect of the cancellation is that the firm no longer has permission to carry on any regulated activities. The firm was authorised by the...
OANDA Japan to introduce OI market capitalization limit
OANDA Japan Inc, a subsidiary of online broker OANDA Corporation, will introduce open interest market capitalization limit. The change will be implemented at the start of trading on Monday, August 12, 2024. For the NY Server, the total value of all subaccounts will be...
Binance Pay to cease support for Pay ID
As Binance conducts regular reviews of its product offerings, Binance Pay will gradually cease support for Pay ID from 2024-08-06 (UTC). Sending and receiving crypto via Binance ID, email, or phone is not impacted. Users are encouraged to start switching to these...
IG warns of option markets not pricing
Electronic trading major IG has notified its clients of option markets not pricing in the real world. Responding to a trader’s question in the Community forum, an IG representative stated: “Please note that global option markets are currently not pricing in the real...
Exness launches biggest-ever brand campaign “Born to Trade”
Exness, one of the world’s largest multi-asset brokers, has just announced the launch of its biggest global brand campaign, “Born to Trade”. Debuting on August 5, alongside a powerful video ad which speaks to its overall narrative, the campaign targets traders who...
Coffee, GBP, Gasoline, Cotton & CAD 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 July 30th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Exclusive: Cboe FX exec Rahul Bowry joins 360T to head APAC sales
FNG Exclusive… FNG has learned that institutional FX platform and services provider 360T has hired experienced FX industry executive Rahul Bowry, as the company’s new Head of Sales APAC. He will be based out of Singapore for his new role at 360T. Rahul Bowry joins...
Exclusive: Seeking Alpha VP Marketing Mayer Reich departs
FNG Exclusive… FNG has learned that Seeking Alpha’s Vice President of Marketing, Mayer Reich, has left the company. Mayer Reich joined Seeking Alpha last year, as was also exclusively reported at the time here at FNG, after spending the previous 16 years at RankAbove,...
FX week in review: Capital.com MENA expansion, XTB results disappoint, Hantec brand refresh, IC Markets hires GM
What are Capital.com’s plans for expansion in the MENA region, out of its growing office in the UAE led by Tarik Chebib? What led to a significant decline in Revenues (-31%) and Profits (-47%) at XTB.com in Q2-2024? What are the top marketing mistakes made by brokers?...
XTB Revenues drop 31%, Profit off 47% in slow Q2 2024
Following a set of record results in Q1, Poland based Retail FX and CFDs broker XTB has reported its preliminary results for Q2 2024 indicating a major decrease in activity, leading to lower Revenues and Profit at the company. Revenues at XTB for the second quarter of...
New Highs as Fed Rate Cut Looms :: InvestMacro
By RoboForex Analytical DepartmentThe price of gold (XAUUSD) continues its upward trajectory, hitting a new peak at 2460 USD per troy ounce on Friday. The surge in gold prices is largely driven by growing expectations that the US Federal Reserve will soon reduce...
Exclusive: ATFX Connect hires Taurex exec Amer Zino as Director of Business Development
FNG Exclusive… FNG has learned that leading Retail FX and CFDs broker ATFX has continued a recent hiring spree of senior executives, adding Dubai based Amer Zino as Director of Business Development for its ATFX Connect institutional services arm. Amer Zino joins ATFX...
Revenue from retail investment intermediation in the UK marks slight decrease in 2023, FCA data shows
The UK Financial Conduct Authority (FCA) today posted its latest analysis of the intermediary sector based on data drawn from the Retail Mediation Activities Return (RMAR) for 2023. Firms that provide advice on, or arrange, mortgages, insurance policies or retail...
Stock indices sold off on concerns that the Fed is behind on rate cuts. :: InvestMacro
By JustMarketsOn Thursday, US indices were declining, with the Dow Jones (US30) Index down 1.21% and the S&P 500 (US500) Index down 1.37%. The NASDAQ Technology Index (US100) closed negative 2.30%. Weaker-than-expected US economic news caused a liquidation of...
Cboe registers 11% Y/Y increase in global FX net revenue in Q2 2024
Cboe Global Markets, Inc today reported financial results for the second quarter of 2024. Total revenues less cost of revenues of $513.8 million increased 10%, compared to $467.1 million in the prior-year period, a result of increases in cash and spot markets,...
How a new trend is challenging consumer culture :: InvestMacro
By Omar H. Fares, Toronto Metropolitan University and Seung Hwan (Mark) Lee, Toronto Metropolitan University A new TikTok trend called “underconsumption core” is gaining traction online. This trend champions minimalism and frugality, and encourages people to maximize...
Pershing to pay $1.4M fine for alleged FINRA rule violations
Pershing LLC has agreed to pay a fine of $1.4 million as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From January 2010 through December 2022, Pershing distributed more than one million account statements and trade confirmations...
CFTC, KuCoin indicate progress towards resolution of lawsuit
The Commodity Futures Trading Commission (CFTC) and KuCoin have hinted at fruitful negotiations that may put an end to a lawsuit brought by the regulator earlier in 2024. In a letter addressed to Judge Valerie E. Caproni of the New York Southern District Court, the...
NZ Court places Du Val Group into interim receivership
The High Court of New Zealand has placed Du Val Capital Partners Limited together with a number of entities within the Du Val Group, into interim receivership, at the request of the Financial Markets Authority (FMA). The interim receivership orders were also made in...
Australian regulator removes N.M. Super’s additional licence conditions
The Australian Prudential Regulation Authority (APRA) has removed additional licence conditions imposed on N.M. Superannuation Proprietary Limited (N.M. Super) in response to governance and risk management concerns. N.M. Super, which is part of the AMP group of...
ICE fines Merrill Lynch Commodities $1M for alleged rule violations
ICE Futures U.S. has posted a disciplinary notice against Merrill Lynch Commodities, Inc (MLCI). On July 31, 2024, a subcommittee of the Exchange’s Business Conduct Committee (BCC) determined that Merrill Lynch Commodities, Inc may have violated Exchange Rules 6.20(b)...
Exclusive: IC Markets hires Credit Agricole alum Ben Singleton as General Manager
FNG Exclusive… FNG has learned that leading Australia based Retail FX and CFDs broker IC Markets has filled a hole in its senior management ranks, hiring longtime Credit Agricole executive Ben Singleton as the company’s new General Manager. He will be based at company...
Interactive Brokers introduces Forecast Contracts on economic and climate indicators
Interactive Brokers Group (NASDAQ:IBKR) announced that its wholly-owned subsidiary, the CFTC-regulated ForecastEx LLC, started operations on August 1, 2024. Clients of Interactive Brokers from eligible countries can now trade Forecast Contracts on upcoming economic...
Interactive Brokers registers 38% Y/Y rise in DARTs in July 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just reported its operating metrics for July 2024. The brokerage registered 2.756 million Daily Average Revenue Trades (DARTs) in July 2024, 38% higher than prior year and 12% higher than prior...
September US rate cut in the bag? :: InvestMacro
Fed leaves rates unchanged but signals possible September cutIncoming US jobs report likely to shape expectationsNAS100: NFP sparked moves of ↑ 1.5% & ↓ 0.7% over past yearGold: ↑ 2% this week, ready to retest records?USDInd: Trapped in range, key levels – 103.65...
eToro expands list of trading instruments by adding new German stocks, LSE stocks and ETFs
Online broker eToro today announced the addition of 290 new German stocks, 200 new LSE stocks and 8 new LSE ETFs to the list of investment instruments. The new assets take the total of available assets to 6,500. You can see some of the latest additions listed below:...
The US Federal Reserve is set to cut rates in September. Today, investors are focused on the Bank of England meeting :: InvestMacro
By JustMarkets On Tuesday, US stocks traded mixed: the Dow Jones Index (US30) gained 0.24%, while the S&P 500 Index (US500) rose 1.28%. The NASDAQ Technology Index (US100) closed positive 2.64%. Stocks soared to highs when Fed Chair Powell said that upside risks...
Robert Swaak to step down as CEO of ABN AMRO
ABN AMRO Bank N.V. announced today that CEO Robert Swaak will not complete his term of office at the bank. In consultation with the Supervisory Board, it has been decided that he will step down in the first half of 2025. Robert Swaak commented: “Over these past years,...
GBP/USD Under Pressure as Market Anticipates Bank of England Rate Decision :: InvestMacro
By RoboForex Analytical DepartmentThe British pound sterling continues to decline steadily against the US dollar. The GBP/USD pair is trending towards 1.2848.On the one hand, the pressure from the USD rate is evident. On the other hand, investors are awaiting the...
ICE registers record net revenues of $2.3bn in Q2 2024
Intercontinental Exchange (NYSE:ICE) today reported financial results for the second quarter of 2024. For the quarter ended June 30, 2024, consolidated net income attributable to ICE was $632 million on $2.3 billion of consolidated revenues, less transaction-based...
Genesis release 8.2 boosts data pipelines
This month, Genesis is releasing several powerful features to help developers build and configure complex functions required in financial markets applications even more rapidly. To start, Genesis has upgraded how Genesis works with data sources and data sinks, as well...
Match-Trader upgrade for prop firms includes TradingView charts, Tournaments offer
Leading multi-asset trading platform provider Match-Trade Technologies has announced a new upgrade to its Match-Trader platform offer, specifically tailored to boost the growth of proprietary trading (prop) firms. The latest development integrates TradingView charts...
Dukascopy notifies public of another fraudulent clone
Dukascopy Bank SA today issued a warning about its website’s fraudulent clone operating via the domain https://dukascon.com/. Clones are unauthorised entities that abuse the data (logo, address, etc) of authorised companies in order to lure victims more easily. In...
OANDA Japan resumes opening of new positions in TRY/JPY and USD/TRY
Retail Forex broker OANDA Japan has issued a notice to its clients regarding trading in TRY/JPY and USD/TRY on the Tokyo server. The broker has now resumed new position opening for the following Turkish Lira (TRY)-related instruments, which were previously subject to...
Rakuten Wallet, CALIVERSE partner on Web3 and Metaverse business expansion
Rakuten Wallet, Inc., an operator of a crypto asset exchange business, today announced that it has signed a Memorandum of Understanding with CALIVERSE Inc., a South Korean metaverse development company that belongs to the Lotte Group, to form a strategic partnership...
SpeedTrader fined for failing to reasonably supervise for potentially manipulative trading
SpeedTrader, Inc. has agreed to pay a fine as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). At all relevant times, SpeedTrader provided direct market access to approximately 570 customers, consisting mostly of day traders, including...
FINRA warns of risks stemming from extended-hours trading
The Financial Industry Regulatory Authority (FINRA) has issued a notice explaining the risks associated with extended-hours trading. Regular trading hours for listed stocks, as defined by the Securities and Exchange Commission (SEC), are from 9:30 a.m. to 4 p.m. ET....
ESMA warns of EU crypto firms using their offshore execution venues
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor authority, has issued an Opinion to address the risks presented by global crypto firms seeking authorisation under the Markets in Crypto Assets (MiCA) Regulation...
SEC charges South Bay Acquisitions in connection with alleged Ponzi scheme
The Securities and Exchange Commission (SEC) today charged South Bay Acquisitions, LLC and its principal, John N. Matson of San Diego, California, with defrauding five investors, including some of his former brokerage customers. According to the SEC’s complaint,...
USD/JPY Plummets as Bank of Japan Tightens Policy :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair has experienced a sharp decline, currently at 152.79, following decisive monetary policy adjustments by the Bank of Japan (BoJ). In a significant shift, the BoJ raised its interest rate to 0.25% per annum and unveiled...
eToro launches staking for Solana and Ethereum
Online broker eToro announces today that it has launched staking on Solana (SOL) and Ethereum (ETH), enabling users to earn rewards in return for opting in. “Staking is essential to blockchains that use a proof-of-stake consensus mechanism, such as Solana and...
Oil rises amid escalation of conflict in the Middle East. Inflationary pressures in Australia are easing :: InvestMacro
By JustMarketsUS stocks traded mixed on Tuesday, with the Dow Jones (US30) Index up 0.50% and the S&P 500 (US500) Index down 0.50%. The NASDAQ Technology Index (US100) closed yesterday negative 1.28% and fell to an 8-week low. Stocks gave up early gains on Tuesday...
FCA imposes restrictions on London Stone Securities
The UK Financial Conduct Authority (FCA) has imposed restrictions on wealth management firm, London Stone Securities Limited. The firm cannot undertake any regulated activity, charge any further fees to existing clients or take on new clients without FCA’s express...
ASIC extends relief for foreign financial services providers from requirement to hold AFS license
The Australian Securities and Investments Commission (ASIC) is extending for a further 12 months the transitional relief for foreign financial services providers (FFSPs) from the requirement to hold an Australian financial services (AFS) licence when providing...
SEC charges individual with insider trading ahead of announcement of ADT partnership with Google
The Securities and Exchange Commission (SEC) has charged Palm Beach County resident Charles Baugh with violations of the anti-fraud provisions of the federal securities laws in connection with his trading in the securities of ADT, Inc. ahead of an announcement that...
HSBC appoints Jonathan Bingham as Interim Group CFO
HSBC Holdings plc today announces that Jonathan (Jon) Bingham has been appointed as Interim Group Chief Financial Officer with effect from 2 September 2024. He will not be appointed as an Executive Director. Mr Bingham will retain his existing responsibilities as...
Vedant Gaur joins Sterling Trading Tech as Sales Director
Sterling Trading Tech, a provider of technology in order management, risk & margin, and trading, today announced that industry veteran Vedant Gaur will bring his expertise to further build the global bank and brokerage segments. As Sales Director at Sterling...
OFX partners with Technosis on FX payment solutions in Germany
Australia based payment solutions provider OFX (ASX:OFX) has announced a new partnership with German finance software company Technosis, to launch an integrated multi-currency payment solution. This solution aims to help businesses in Germany save time with fast,...
Bitvavo to use Nasdaq Market Surveillance to detect and investigate suspected market abuse
Bitvavo and Nasdaq today announced an agreement that will see the digital asset exchange use Nasdaq’s Market Surveillance technology across its platform. Bitvavo, established in 2018 in Amsterdam, is a European cryptocurrency trading exchange with over 1.5 million...
Leverate integrates with Indian PSP Cricpayz
Leverate, a leading technology provider for the brokerage and prop trading industries, has announced its integration with Cricpayz, a prominent Indian Payment Service Provider. This partnership marks another step forward in Leverate’s ongoing expansion efforts within...
Biggest Marketing Mistakes Brokers Are Making
The following is a guest editorial courtesy of Charlotte Day, Creative Director at Contentworks Agency. Marketing your brokerage is becoming ever more challenging thanks to constant Google algorithm changes, tightening budgets, a rapid increase in competitors and...
SEC charges BitClout founder Nader Al-Naji with fraud
The Securities and Exchange Commission (SEC) today charged Nader Al-Naji with perpetrating a multi-million-dollar fraudulent crypto asset scheme involving a social media platform called BitClout and its native token of the same name (BTCLT). According to the SEC’s...
Happy 50th birthday to the UPC barcode – no one expected you would revolutionize global commerce :: InvestMacro
By Jordan Frith, Clemson University The first modern barcode was scanned 50 years ago this summer – on a 10-pack of chewing gum in a grocery store in Troy, Ohio.Fifty is ancient for most technologies, but barcodes are still going strong. More than 10 billion barcodes...
Euronext announces cancellation of 2.87M repurchased shares
Pan-European market infrastructure Euronext today announced the cancellation of 2,870,787 ordinary shares. The cancellation follows the completion of Euronext’s €200 million share repurchase programme on 3 January 2024. The cancellation of the ordinary shares is in...
Braced for BoJ & Fed combo :: InvestMacro
USDJPY could see extreme volatility this weekOver past year BoJ decision triggered moves of ↑ 1.1%Fed decision sparked moves of ↑ 0.6% & ↓ 1.3% over past yearBloomberg FX model: 77% USDJPY – (151.30 – 157.99)Key technical level – 155.00A super central bank combo...
Capitolis launches fast-track Novations technology
Capitolis, a technology company creating safer and more vibrant capital markets, announced it has successfully launched its fast-track Novations technology with the execution of a same day tear-up. Reaching this milestone—the first of its kind in the FX options...
Two tornado scientists take us inside the real world of storm chasing :: InvestMacro
By Yvette Richardson, Penn State and Paul Markowski, Penn StateScientists in a truck outfitted with instruments race toward a storm.National Severe Storms Lab/NOAAStorm-chasing for science can be exciting and stressful – we know, because we do it. It has also been...
NAGA CCO Sam Chaney departs
FNG has learned that more executive moves are afoot at Retail FX and CFDs broker NAGA Group (ETR:N4G), ahead of NAGA’s pending acquisition by rival Capex.com. The latest NAGA executive to leave is Sam Chaney, NAGA’s Chief Commercial Officer (CCO). Sam Chaney joined...
Oil prices fell to June lows. Traders are waiting for Australian inflation data :: InvestMacro
By JustMarketsAt the end of Monday, the Dow Jones (US30) decreased by 0.12%, while the S&P 500 (US500) was up 0.08%. The NASDAQ Technology Index (US100) closed positive 0.07%. The broad market rose on Monday and extended last Friday’s rally on expectations of a...
BGC registers 11.7% Y/Y growth in revenues in Q2 2024
BGC Group, Inc. (NASDAQ:BGC) today reported its financial results for the quarter ended June 30, 2024. BGC’s revenues grew by 11.7 percent to $550.8 million, representing record second quarter revenues and reflecting broad-based growth across all geographies. BGC...
NZD/USD Sinks to Three-Month Minimum, Driven by Rate Speculation and Strengthening USD :: InvestMacro
By RoboForex Analytical DepartmentThe NZD/USD pair plummeted to 0.5892, marking a significant three-month low. The New Zealand dollar remains under pressure as the US dollar gains strength due to the start of the Federal Reserve’s two-day meeting.The Fed is expected...
Former China CITIC Bank International exec deputy general manager to disgorge $3M in gains from insider dealing
The Securities and Futures Commission (SFC) of Hong Kong announces that the Market Misconduct Tribunal (MMT) has ordered Mr Wu Kam Shing, a former executive deputy general manager of China CITIC Bank International Limited, to disgorge close to $3 million in ill-gotten...
CySEC fines Exelcius Prime – FX News Group
The Cyprus Securities and Exchange Commission (CySEC) has imposed a fine of €3,500 on Exelcius Prime Ltd. The decision, which was announced today, was made at a CySEC meeting held on June 17, 2024. The fine stems from the firm’s non-compliance with: Section 58(d) of...
ATFX secures Hong Kong SFC License
ATFX, a leading global CFD broker, has announced that the company has been granted a Type 3 license from the Hong Kong Securities and Futures Commission (SFC) (Central Entity Number: BUM667). The company said that this significantly enhances ATFX’s services in the...
MAS reprimands RVP One for breaches of Securities and Futures Regulations
The Monetary Authority of Singapore (MAS) has reprimanded RVP One Pte. Ltd, a registered fund management company (RFMC), and its chief executive officer (CEO) and director, Mr Viktor Panisch, for breaches of the Securities and Futures (Licensing and Conduct of...
TradingView adds Trade Nation to list of integrated brokers
TradingView today welcomed Trade Nation, a newly integrated broker within the TradingView trading ecosystem. Established in 2014, Trade Nation is founded on three core principles: delivering the best deals, fostering trust, and providing powerful tools. The broker...
Bit5ive principal Richard Acosta banned for five years by NFA
The U.S. National Futures Association (NFA) has announced that it has ordered Richard Alexander Acosta to not apply for NFA membership status for five years, and not to act as a principal of an NFA Member for seven years. Acosta is a former NFA Associate and a...
AFCA updates on Latitude Financial Group cyber-attack
The Australian Financial Complaints Authority (AFCA) has provided an update to people with complaints concerning the Latitude Financial Group cyber-attack. Latitude was subject to a cyber-attack in March 2023 that resulted in the theft of personal information. The...
FCA asks for input on how it can refine retail conduct rules
The UK Financial Conduct Authority (FCA) is asking for input on whether, where and how it can refine its retail conduct rules. The FCA particularly wants to address potential areas of complexity, duplication, confusion, or over-prescription, which create regulatory...
Oil rises in price amid rising geopolitical tensions in the Middle East. Bitcoin has reached the $70,000 mark :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) Index gained 1.64% (for the week +0.43%), while the S&P 500 (US500) Index gained 1.11% (for the week -1.54%). The NASDAQ Technology Index (US100) closed positive at 1.03% (for the week -3.16%). Market sentiment was...
A Dive into White Label Solutions Completes Finalto Broker Series
Finalto is pleased to complete its Broker Series whitepapers with a look into white label solutions. The Finalto Broker Series provides detailed insights for brokers on a range of relevant business functions, from tech to compliance. The final edition of the series...
AUD/USD Gains Amid Anticipation for Key Economic Data :: InvestMacro
By RoboForex Analytical DepartmentThe AUD/USD pair is climbing towards 0.6552 on Monday. The Australian dollar is bouncing back from a 12-week low as investors await Australian inflation data.In the past two weeks, the AUD, in the currency pair with the USD, has...
FSCS starts accepting customer claims against London Court Ltd
The UK Financial Services Compensation Scheme (FSCS) is now open to claims from customers of London Court Ltd. Although FSCS is accepting claims against London Court, they will not be immediately passed to the claims processing teams for assessment. This is because...
LME lists Jeddah as delivery point for copper and zinc
LME announced today that Jeddah in Saudi Arabia has been approved as a Delivery Point for copper and zinc. The listing will become active three months after the first warehouse company has been approved. Warehouse companies applying for approval in Jeddah will need to...
Exclusive: Tradition’s ParFX sees 14% decline in 2023 Revenues to $4.8M
FNG Exclusive… FNG has learned via regulatory filings that ParFX, the wholesale electronic spot FX institutional trading venue owned by Compagnie Financière Tradition, saw a 14% decline in Revenues and an even larger drop in profitability in 2023. Revenues at ParFX...
HK watchdog warns public of suspicious crypto firm Proxinex
The Securities and Futures Commission (SFC) of Hong Kong today warned the public of an entity operating under the name of Proxinex. Proxinex may be engaged in virtual asset-related fraud. Investors reported difficulties in withdrawing virtual assets from Proxinex, and...
Valereum partners with Tokeny on VLRM’s Real World Asset marketplace
Valereum Plc will collaborate with Tokeny as a technology provider for VLRM’s Real World Asset (RWA) marketplace. Valereum aims to establish and operate a RWA marketplace utilising Tokeny’s technology solutions, to enable the primary issuance and bulletin board-based...
Vantage partners with Everest Fortune on VIP Chat Room
Leading multi-asset broker Vantage has announced that Vantage Australia is launching a VIP Chat Room, enhancing their Premium Service portfolio. This development is in collaboration with Everest Fortune Group, a renowned research house that provides advice to some of...
eToro issues LUNC update – FX News Group
Online broker eToro today published a brief notice regarding the LUNC token (Terra Classic). The LUNC asset will remain in close-only mode until eToro has more clarity. The full announcement by eToro can be found below: LUNC UPDATE Following a notice sent by the Terra...
FX week in review: NCM expands in the UK, CFI brand ambassador, IG and CMC results, Asia hires at SquaredFinancial and Scope
Which senior executives were hired in the UK by Kuwait based CFDs broker NCM Financial, as NCM UK received an FCA license? Which global sports icon is the new Brand Ambassador for CFI? How did the latest results look for leading UK based brokers IG Group, and CMC...
MAS has maintained a monetary policy. Japan’s inflation is on the rise :: InvestMacro
By JustMarketsAt Thursday’s close, the Dow Jones Index (US30) added 0.20%, while the S&P 500 Index (US500) was down 0.51%. The NASDAQ Technology Index (US100) closed negative 0.93%. Stocks continued to decline on Thursday amid weakness in chip stocks and selloffs...
Trillion Dollar Titans In Focus :: InvestMacro
4 of the so-called “Magnificent 7” set to publish earningsCombined market cap of 4 tech giants over $9 trillionBeyond earnings, key focus remains on AI initiativesMeta could move almost 10% ↑ or ↓ post-earningsApple biggest company in the world reports results...
Awaiting Next Correction :: InvestMacro
By RoboForex Analytical DepartmentThe USD/CAD pair ended its continuous upward trend on Friday, 26 June 2024, settling around 1.3813, signalling a potential shift towards correction.The Bank of Canada decided to lower the interest rate from 4.75% p.a. to 4.50% p.a. at...
UK to allow research payments bundling, reform secondary offering prospectus requirements
UK financial regulator The Financial Conduct Authority (FCA) has announced that it will be setting out new rules and proposals to build up UK wholesale markets. The FCA said it has set out a package of measures designed to help strengthen the UK’s capital markets and...
Exclusive: Kuwait CFDs broker NCM gets FCA license, adds UK executives
FNG Exclusive… FNG has learned that Kuwait based online brokerage firm NCM Financial has plans to expand to the UK. NCM set up a new UK subsidiary NCM Financial UK Ltd in late 2021, and in 2022 began the application process for an FCA license for the new entity. The...
GBP/USD Faces Downward Pressure Amid US Dollar Strength :: InvestMacro
By RoboForex Analytical DepartmentGBP/USD pair is down to 1.2892 on Thursday. Selling intensified on the 18th of July. Since then, GBP has remained under pressure, although it is making attempts to stabilise.Statistics released earlier showed that UK private sector...
Robinhood launches joint accounts – FX News Group
US neobroker Robinhood (NASDAQ:HOOD) has announced that it is launching joint investing accounts, which allow customers to seamlessly manage investments with their partner while keeping their shared assets in one place. Joint accounts make investing more collaborative...
Top Picks for Data Center Investment Surge :: InvestMacro
By The Ino.com TeamThe expected record spending on infrastructure by cloud computing leaders such as Microsoft Corporation (MSFT) and Amazon.com, Inc. (AMZN) this year highlights the escalating investments in artificial intelligence (AI) data centers, a trend likely...
Coinbase hit with £3.5M FCA fine in first UK enforcement action against enabling crypto trading
UK financial regulator FCA has announced that it has fined CB Payments Limited (CBPL) a sum of £3,503,546, for repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers. CBPL is part of the Coinbase Group, which operates...
The Bank of Canada lowered the rate for the second time. The People’s Bank of China unexpectedly cut its one-year lending rate :: InvestMacro
By JustMarketsAt the end of Tuesday, the Dow Jones Index (US30) decreased by 1.25%, while the S&P 500 Index (US500) was down 2.31%. The NASDAQ Technology Index (US100) closed negative 3.64%. Stocks fell yesterday amid disappointing earnings from Tesla and Google...
EuropeFX director Pedro Sasso banned for five years by ASIC
Australia financial regulator Australian Securities & Investments Commission (ASIC) has announced that Pedro Eduardo Sasso, the director of Maxi EFX Global AU Pty Ltd (EuropeFX), has been banned by ASIC from being a director of or controlling an entity that...
CMC Markets reports Q1 FY2025 performance in line with expectations
London based online trading firm CMC Markets plc (LON:CMCX) has issued a Trading Update for its fiscal Q1 of FY2025, indicating that Q1 performance was in line with expectations, with the company on track to achieve net operating income of between £320-360 million for...
IG Group sees 9% rebound in Revenues, 32% increase in Profit in H2 FY2024
Following a fairly slow first half of fiscal 2024, leading UK based online trading house IG Group (LON:IGG) has reported its full-year 2024 results (fiscal year-end of May 31) indicating a very strong rebound on both the top and bottom line in the second half of the...
UK High Court approves plan to return WealthTek client assets and money
UK financial regulator The Financial Conduct Authority (FCA) has announced that on 23 July 2024, Mr Justice Rajah in the High Court of Justice approved the Joint Special Administrators (JSAs) plan for returning client money and custody assets to WealthTek clients....
Brent Oil Prices Decline Amid Inventory Reductions and Middle East Optimism :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil prices have continued their downward trajectory, reaching 81.14 USD per barrel as of Wednesday. This marks the fifth consecutive session of decline, primarily influenced by significant reductions in US oil inventories....
Investimental uses Devexperts’ DXtrade platform to launch US market trading in Romania
Investimental, a fast-growing Romanian stock brokerage, and Devexperts, a financial software provider, have announced a new partnership which brings US market access to retail investors in Romania. Investimental has deployed Devexperts’ flagship product, DXtrade XT, a...
Oil falls amid possible truce between Israel and Hamas. Indices remain under pressure :: InvestMacro
By JustMarkets At Tuesday’s close, the Dow Jones Index (US30) decreased by 0.14%, while the S&P 500 Index (US500) was down 0.16%. The NASDAQ Technology Index (US100) closed negative 0.06%.Spotify (SPOT) shares are up 2.11% after reporting stronger-than-expected...
CME Group reports record quarterly Revenue of $1.5 Billion in Q2-2024
Derivatives marketplace operator CME Group Inc. (NASDAQ:CME) has reported financial results for the second quarter of 2024, which include record quarterly revenues, record adjusted net income and earnings per share, the company’s highest Q2 average daily volume (ADV)...
Spot Ethereum ETFs go live! :: InvestMacro
Ethereum ETF’s exceed $100 million inflows on debutCollective trading volume of ETFs surpass $1 billionCryptocurrency ↑ 50% since start of 2024Technical levels – 21 & 50 day SMAOnly a few months ago we discussed the possibility of Ethereum ETFs after Bitcoin paved...
AMF re-warns of Immediate Connect auto trading fraud promotions
France financial regulator Autorité des marchés financiers (AMF) has issued a reminder to retail investors to be extremely vigilant regarding Immediate Connect’s fraudulent investment offer. The AMF said that it is continuing to receive a large number of complaints...
CFI welcomes seven-time F1 World Champion Lewis Hamilton as Global Brand Ambassador
Leading online broker CFI has unveiled a new partnership with Seven-Time Formula 1 World Champion Lewis Hamilton, as its newest Global Brand Ambassador. This landmark multi-year agreement marks a pivotal moment for CFI, aligning the group with one of the most iconic...
Scope Prime hires Maybank exec Miranti Rostian as Head of South East Asia
Scope Prime, the offshore institutional liquidity division of Rostro Financial Group, has announced the appointment of Miranti Rostian as Head of South East Asia. The move comes just over a month since Scope Prime hired ACY and IC Markets alum Andrew Taylor into the...
ADVFN adds AI Intelligence tool to its investor platform
London based trader information website operator ADVFN plc (LON:AFN) has provided an update on the current development of the ADVFN investor platform. The Company said it has been making a number of enhancements to the platform, in line with ADVFN’s strategic aim to...
American Bank Stocks Surge on IB Comeback :: InvestMacro
McAlinden Research takes a look at shares of U.S. banks, which it believes are surging in the wake of recent quarterly earnings.The latest spate of bank earnings coincided with the SPDR S&P Bank ETF’s (KBE:NYSEARCA) best 5-day span of trading since November 2020,...
AUD is under pressure from the PBoC cut rates. Singapore is seeing a decline in inflation :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones Industrial Average (US30) was up 0.32%, while the S&P 500 Index (US500) added 1.08%. The NASDAQ Technology Index (US100) closed positive 1.58%.NVIDIA Corporation (NVDA) closed nearly 5% higher after Reuters reported...
Cutting marketing spending often backfires on businesses – new research could help investors distinguish shortsighted cuts from smart ones :: InvestMacro
Businesses are often tempted to cut their marketing budgets for the short-term savings it provides – but those cuts can cause problems in the long term. A new study my colleague Tarun Kushwaha and I published in The Journal of Marketing proposes a method for...
Exclusive: ITI Capital revenues down 12% in 2023 but profit soars as firm exits Retail
FNG Exclusive… FNG has learned that London based institutional broker ITI Capital saw a 12% erosion in Revenues during 2023, although a much lower cost base – as the company exited the retail client business – led to much improved profitability. Revenues at ITI...
