Economy
AI has been a boon for marketing, but the dark side of using algorithms to sell products and brands is little studied :: InvestMacro
By Lauren Labrecque, University of Rhode Island Artificial intelligence is revolutionizing the way companies market their products, enabling them to target consumers in personalized and interactive ways that not long ago seemed like the realm of science...
Brent Oil Prices Dip Ahead of Crucial OPEC+ Meeting :: InvestMacro
By RoboForex Analytical Department Brent crude oil prices have declined to 71.65 USD per barrel as the commodity market remains tense ahead of this week’s postponed OPEC+ meeting, now rescheduled for Thursday, 6 December. The market is concerned about the direction of...
BGC Group appoints Mike Whitaker as Global Chief Information Officer
BGC Group, Inc. (NASDAQ:BGC) today announced Mike Whitaker has joined as Global Chief Information Officer and a member of its Executive Committee. In this newly created role, Mr. Whitaker will be responsible for developing and implementing a cohesive technology...
NEOWISE, the NASA mission that cataloged objects around Earth for over a decade, has come to an end :: InvestMacro
By Toshi Hirabayashi, Georgia Institute of Technology and Yaeji Kim, University of Maryland The NASA project NEOWISE, which has given astronomers a detailed view of near-Earth objects – some of which could strike the Earth – ended its mission and burned on reentering...
21Shares and 21.co Technologies to become separate entities
21.co today announced the company’s new operating structure. 21.co’s operating structure will transition from one fully integrated business to two, separated core business units – 21Shares and 21.co Technologies. 21.co remains the Holding Company of both 21Shares and...
ECB may go for a double rate cut in December. US stock indices continue to update historical highs :: InvestMacro
On Monday, the Dow Jones (US30) fell by 0.29%. The S&P 500 Index (US500) gained 0.24%. The Nasdaq Technology Index (US100) added 1.12%. Better-than-expected US economic news on the ISM Manufacturing Index for November and construction spending for October...
Capitolis acquires BGC Group’s Capitalab for $46M
Capitolis today announced the acquisition of Capitalab from BGC Group for a purchase amount of $46 million. This acquisition will allow Capitolis, a market leader in the optimization and compression space, to offer more solutions to the industry and unlock additional...
IG / ThinkMarkets alum Kea Nonyana hired as Head of Scope Prime Africa
Scope Prime, the offshore Belize domiciled liquidity brand of Rostro Financial Group, has announced the appointment of Kea Nonyana as Head of Scope Prime’s Africa division. The company said that this is the latest appointment of a regional head by the business, with...
eToro makes $NEAR and $POL available to stake
Online broker eToro continues to expand its crypto offering by making $NEAR and $POL available to stake. As of today, there are now even more opportunities to earn rewards by HODLing crypto. The crypto Staking services now include the Near Protocol (NEAR) and Polygon...
Finalto releases Watchlist 2025, identifying risks and opportunities in a changing world
Finalto, a leading liquidity provider and fintech specialist, has released the 2025 edition of its annual Watchlist, entitled Watchlist 2025: The World at a Crossroads. Explaining the theme of this year’s edition, Finalto Chief Market Analyst Neil Wilson said: “We...
TradingView partners with Symphony to facilitate market research for finance professionals
TradingView and Symphony have teamed up to transform how finance professionals collaborate and analyze markets on a global scale. Symphony is a communication and markets technology company powered by interconnected platforms: messaging, voice, directory and analytics....
21X gets BaFin license to launch the first EU regulated blockchain-based trading venue
Frankfurt based digital exchange startup 21X has announced that it has become the first ever entity to receive a license to operate a blockchain-based trading and settlement system that is fully regulated in accordance with EU law. Granted by BaFin, Germany’s...
Amazon Web Services partners with TP ICAP to accelerate development of Fusion
TP ICAP Group (LON:TCAP), a provider of financial markets infrastructure and data solutions, and Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ:AMZN), today announced a major agreement to streamline and scale TP ICAP’s technology infrastructure....
Institutional FX trading volumes leap 10% in November as currency volatility soared
Following a couple of slow months leading up to the US elections in September and October, November 2024 saw a strong rebound in eFX trading volumes, as the (surprise?) result of Donald Trump being elected as President, alongside further uncertainty as to what the Fed...
Deutsche Bank launches merchant solutions in Australia, India, Indonesia and South Korea
Deutsche Bank has officially launched Merchant Solutions capabilities in Australia, India, Indonesia and South Korea. The solutions provide the bank’s clients with a global payment acceptance platform and access to a diverse range of local payment methods in these...
Liquidnet adds three new hires to its EMEA Execution & Quantitative Services team
Technology-driven agency execution specialist Liquidnet today announced the appointment of three new hires to its European Execution & Quantitative Services (EQS) team. Launched in 2014, the EQS team advises Liquidnet’s buy-side Members on algorithmic strategies,...
Public announces new financing totalling $135M
Public.com today announced new financing totalling $135 million, including $105 million in equity financing and $30 million in debt. This round was led by Accel, which has led or co-led every funding round since Public launched in 2019. Public comments: “We’re...
Exclusive: XTB hires Theocharis Panayi as General Manager in Cyprus
FNG Exclusive… FNG has learned that Poland based Retail FX and CFDs broker XTB (WSE:XTB) has hired Theocharis Panayi as General Manager for its operation in Cyprus. Group subsidiary XTB Ltd holds a CySEC CIF license. Theocharis Panayi joins XTB after spending the past...
Interactive Brokers registers 74% Y/Y increase in DARTs in November 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just posted its key operating metrics for November 2024. The company registered 3.306 million daily average revenue trades (DARTs) in November 2024. The result is 74% higher than in November...
Rob Witoff rejoins Coinbase as Head of Platform
Coinbase alumnus Rob Witoff is re-joining the company as its new Head of Platform and member of the Executive Team. From 2014 to 2017, Rob Witoff led security and infrastructure, became Coinbase’s Chief Architect, and then went on to create an industry leading cold...
AUD/USD Stabilises Amid US Dollar Pressures and Domestic Economic Strength :: InvestMacro
By RoboForex Analytical Department On Monday, the AUD/USD pair remains stable around the 0.6450 mark. After benefiting from the US dollar’s weakness during the extended US holiday weekend, the currency pair faced new pressures following remarks by US President-elect...
Euronext introduces Total Return Futures on FTSE MIB Index
Euronext today announced the introduction of Total Return Futures (TRF) on the FTSE MIB Index, FTSE Russell’s primary benchmark for the Italian equity market. This launch builds on the success of the Total Return Futures on the CAC 40 Index, which Euronext introduced...
Will US500 stay above 6000 milestone? :: InvestMacro
US500 ↑ 5.1% MTD, pushing 2024 gains to almost 26%Posted only 2 negative months in 2024 – April & OctoberNotched 52 record highs this yearOver past year NFP triggered moves of ↓ ↑ 0.8%Technical levels – 6050, 6000, 5970 FXTM’s US500, which tracks the benchmark...
DTCC appoints Michael Winnike as Managing Director, CSS, Strategy and Market Solutions
The Depository Trust & Clearing Corporation (DTCC) today announced the appointment of Michael Winnike as Managing Director, Clearing & Securities Services (CSS), Strategy and Market Solutions. He joins December 2, 2024, and reports to Brian Steele, Managing...
Donald Trump threatens the BRICS bloc with high tariffs. The Canadian dollar fell after weak GDP data :: InvestMacro
The Dow Jones Index (US30) was up 0.42% on Friday (+2.37% for the week). The S&P 500 Index (US500) added 0.56% (for the week +1.48%). The Nasdaq Technology Index (US100) increased by 0.90% (for the week +0.93%). Stocks rose moderately on Friday, with the S&P...
Deutsche Börse Cash Market to launch new dark pool trading feature Xetra Midpoint
Deutsche Börse Cash Market will launch Xetra Midpoint on 9 December. The trading feature is aimed at institutional clients and gives them access to a dark pool that facilitates efficient execution of orders at the midpoint price. Xetra Midpoint is seamlessly...
R.J. O’Brien & Associates Canada gets a slap on the wrist for alleged ICE rule violations
ICE Futures U.S. has issued a summary fine notice against R.J. O’Brien & Associates Canada Inc. R.J. O’Brien & Associates Canada Inc. was issued a summary fine of $10,000 for violating Rule 4.02(g)(3) by engaging in cross trading without utilizing a crossing...
TP ICAP expands its Middle East ops with opening of new office in DIFC
TP ICAP Group, a provider of market infrastructure, today announced a strategic expansion of its Middle East operations with the opening of a new office in the Dubai International Financial Centre (DIFC). The new facility, three times larger than the existing space,...
Muinmos expands into MENA hiring Plugit exec Nadeem Sa’adeh
Client onboarding platform provider Muinmos has announced that it is expanding its footprint into the Middle Eastת with the appointment of Nadeem Sa’adeh as Regional Business Development Director. Based in the region, Nadeem Sa’adeh is the RegTech firm’s first hire in...
MAS fines JPMorgan Chase Bank $2.4M for misconduct by its relationship managers
The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $2.4 million on JPMorgan Chase Bank, N.A. (JPM), for failing to prevent and detect misconduct committed by its relationship managers (RMs). In 24 over-the-counter (OTC) bond transactions, the RMs...
Rakuten Group completes partial share transfer in Rakuten Card to Mizuho Financial
Rakuten Group has completed the transfer of 14.99% of its common shares in Rakuten Card Co., Ltd. to Mizuho Financial Group, Inc. The transfer was completed on December 1, 2024. Additionally, effective December 1, 2024, Rakuten Insurance Holdings Co., Ltd., which had...
Exclusive: Advanced Markets hires Finalto exec Oksana Remez to head Business Development
FNG Exclusive… FNG has learned that direct market access (DMA) liquidity and tech solutions provider Advanced Markets has hired Oksana Remez as Head of Business Development in the UK. Based in London, Oksana will lead the company’s global sales strategy, driving...
Argo Blockchain raises £4.2M in gross proceeds through subscription for its shares by institution
Cryptocurrency mining company Argo Blockchain plc (LON:ARB) today announced that it has raised gross proceeds of £4.2 million through a subscription for its ordinary shares by an institution. The company will issue 76,900,000 Ordinary Shares at a purchase price of 5.5...
FX week in review: Lightyear CEO, Jabal and MasterFunders launch, Exante in MENA
Who is the new CEO of newly FCA licensed neobroker Lightyear? Who is behind the launch of new Dubai based FX and CFDs focused marketing agency Jabal? Which trading platform is newly launched prop firm MasterFunders going with? Where did iSAM Hong Kong office head Phil...
Beeks Group names Matt Pilkington its Head of Sales, EMEA
Beeks Group today announced that Matt Pilkington has joined the company as Head of Sales for the EMEA region. Matt Pilkington With over a decade of experience in information technology and capital markets, Mr Pilkington brings extensive expertise in managed...
Gold Prices Rise Amid Weakening US Dollar and Geopolitical Tensions :: InvestMacro
By RoboForex Analytical Department Gold prices have risen for four consecutive days, reaching 2,660 USD per troy ounce by Friday. The upward movement in Gold prices is primarily driven by the weakening of the US dollar and heightened geopolitical tensions. The current...
Vanessa Lau to become sole HKEX COO
Hong Kong Exchanges and Clearing Limited (HKEX) today announced a number of senior management changes, which will take effect from January 1, 2025. Wilfred Yiu, Deputy Chief Executive Officer, Co-Chief Operating Officer and Co-Head of Markets, will retire at the end...
Dubai’s Virtual Assets Regulatory Authority warns against Koto Crypto
The Virtual Assets Regulatory Authority (VARA) of Dubai today issued an alert in relation to Koto Crypto DMCC (commercially conducting transactions as “Koto Crypto”), a company using the domain name and claiming to be registered in the Emirate of Dubai. The platform...
Italy’s CONSOB orders blocking of websites of Financial Magnum, Fidus Invest
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to four new websites that offer financial services illegally. The websites targeted by the latest orders are: “GOMARKETSLTD.net” (website https://gomarketsltd.net and related page...
ASIC cancels licence of RPD Group Advice
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services (AFS) licence of RPD Group Advice Pty Ltd. The cancellation follows a payment of compensation by the Compensation Scheme of Last Resort (CSLR). On 12 July 2024,...
iSAM/Sucden alum Phil Kim joins ACY Connect to head Institutional Sales Asia
Australia based Retail FX and CFDs broker ACY Securities has announced the appointment of Phil Kim as Director of Institutional Sales, Asia, for its institutional arm, ACY Connect. Based in Hong Kong, Phil will play a pivotal role in expanding ACY Connect’s business...
TradingView introduces Bollinger Bars – FX News Group
Continuing its work with John Bollinger, TradingView is introducing Bollinger Bars — a fresh approach to charting that transforms candle bars. In John Bollinger’s own words, it represents an “exclusive marriage of western bars and candlesticks encoded in color”,...
US Govt seeks to intervene in CFTC lawsuit against Nomura trader
The US Government seeks to intervene in a lawsuit brought by the Commodity Futures Trading Commission (CFTC) against John Patrick Gorman III, former U.S. dollar swaps trader and managing director of Nomura. The relevant motion was filed on November 26, 2024, at the...
Public health surveillance, from social media to sewage, spots disease outbreaks early to stop them fast :: InvestMacro
By John Duah, Auburn University A cluster of people talking on social media about their mysterious rashes. A sudden die-off of birds at a nature preserve. A big bump in patients showing up to a city’s hospital emergency rooms.These are the kinds of events that public...
24 Exchange gets SEC nod for its new round-the-clock securities exchange 24X
Bermuda domiciled OTC product trading platform 24 Exchange has announced that it has received approval from the U.S. Securities and Exchange Commission (SEC) to operate 24X National Exchange as the first national securities exchange in the U.S. that allows trading of...
Cyprus-based prop firm MasterFunders launches using Leverate’s SiRiX trading platform
MasterFunders, a Cyprus-based proprietary trading firm, has officially launched, introducing a “New Era” approach to prop trading. With its innovative strategies, trader-centric philosophy, and cutting-edge technology, including Leverate’s SiRiX trading platform,...
Binance TH secures ISO 27001 and ISO 27701 certifications
Binance TH, a joint venture between Binance’s subsidiary and Gulf Edge Co. Ltd., has earned ISO 27001 and ISO 27701 certifications. This achievement underscores the company’s commitment to delivering a trustworthy, safe, and secure platform for Thai users in adherence...
FINRA fines tastytrade for alleged rule violations
tastytrade, Inc. has agreed to pay a fine of $30,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA) From July 2021 through July 2023, tastytrade failed to establish, maintain, and enforce a supervisory system, including written...
SIX appoints Bjørn Sibbern as CEO
The Board of Directors of SIX has appointed Bjørn Sibbern as new CEO effective 1 January 2025. Bjørn Sibbern will succeed Jos Dijsselhof, who will step down to pursue a new professional opportunity in the Middle East after seven years with SIX. Since the beginning of...
Alecta to use FlexTRADER EMS to handle equities and derivatives execution
FlexTrade Systems, a provider of multi-asset execution and order management systems, and Alecta, the fifth-biggest occupational pension company in Europe, today announced that Alecta is live and in production using FlexTRADER EMS for equities and derivatives trading....
StoneX Financial granted General Clearing Member status by European Commodity Clearing
StoneX Group Inc. (NASDAQ:SNEX) today announced that its wholly owned subsidiary, StoneX Financial Limited, has been awarded General Clearing Member (GCM) status by European Commodity Clearing AG (ECC). This achievement underscores StoneX Financial’s commitment to...
UBS selects Clearstream for fund distribution support for former Credit Suisse business
UBS has chosen Clearstream to consolidate all its fund distribution support-related activities from the former Credit Suisse (CS) business. UBS will align the full range of services around distribution support of the former CS business via Clearstream’s Fund Centre...
One Trading hires Accenture exec Steven Harper as CSO
One Trading, a regulated European crypto-asset exchange, has announced that is has welcomed Steven Harper as the company’s new Chief Security Officer (CSO). With a career spanning over 25 years in software development and security, Steven joins One Trading at a...
EUR/USD Steady Ahead of Major US Data Releases :: InvestMacro
By RoboForex Analytical DepartmentEUR/USD remains stable at around 1.0483 as markets digest the implications of the latest FOMC minutes. The Federal Reserve signalled a potential pause in rate cuts if inflation reaccelerates but also indicated readiness to continue...
SEC updates list of unregistered entities that use misleading information
The Securities and Exchange Commission (SEC) today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 14 soliciting entities, two impersonators of genuine firms, and four bogus...
As expected, the RBNZ cut the rate by 0.5%. Australia’s inflation rate remained at its lowest level since the summer of 2021 :: InvestMacro
At the end of Tuesday, the Dow Jones Index (US30) added 0.28%. The S&P 500 Index (US500) was up 0.57%. The Nasdaq Technology Index (US100) increased by 0.57%.Federal Reserve officials expressed optimism that inflation is falling and the labor market remains...
CME Group and CF Benchmarks to launch additional cryptocurrency pricing product
Effective Monday, December 9, shortly after 10 a.m. London time, pending completion of all regulatory review periods, CME Group and CF Benchmarks will launch an additional cryptocurrency pricing product designed to provide clients with transparent, robust, reliable...
Donor-advised funds are drawing a lot of assets besides cash – taking a bigger bite out of tax revenue than other kinds of charitable giving :: InvestMacro
By Brian Mittendorf, The Ohio State University Donor-advised funds, or DAFs, are financial accounts funded by donors to support future charitable work. This kind of giving differs greatly from charitable giving as a whole because it’s much more likely to involve...
CySEC withdraws license of IFCM Cyprus Ltd
The Cyprus Securities and Exchange Commission (CySEC) today announced the withdrawal of the Cyprus investment firm (CIF) license of IFCM Cyprus Ltd. The withdrawal is in line with section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of...
CySEC reaches €50k settlement with Alvexo operator VPR Safe Financial Group
The Cyprus Securities and Exchange Commission (CySEC) today announced a settlement has been reached with Cyprus investment firm VPR Safe Financial Group Ltd, operator of the Alvexo brand. The settlement concerns possible violations of the Investment Services and...
Société Générale goes live on CLS’s cross currency swaps service
Société Générale has gone live on CLS’s cross currency swaps service. CCS trades have significant settlement risk exposure due to the high value of the initial and final principal exchanges. In addition, settling these trades on a gross bilateral basis results in...
FCA fines former Wizz Air chief supply chain officer for trading during closed periods
The UK Financial Conduct Authority (FCA) has fined András Sebők, former chief supply chain officer at Wizz Air Holdings plc, £123,500 for trading company shares when he wasn’t permitted to, and failing to disclose his trades. Mr Sebők carried out the trades in his...
FINRA imposes $750k fine on Moomoo Financial
Moomoo Financial Inc., formerly known as Futu Inc, has agreed to pay a fine of $750,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From January 2020 through the present, Moomoo Financial paid individuals with followings on...
Standard Chartered explores sale of small number of businesses
Standard Chartered PLC today announced the first in a small number of potential business exits to fund incremental investment in its leading wealth management business. This aligns with the refreshed strategic priorities shared in the Group’s third quarter 2024...
NAGA adds UAE and Saudi Arabian stocks to its trading platform
Leading social trading focused online broker NAGA Group, authorized and regulated by the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority, has announced the addition of UAE and Saudi Arabian stocks to our trading platform. The company said that...
Hantec Markets reports 32% trading volumes growth in Q3-2024
Retail FX and CFDs broker Hantec Markets has announced what the company calls impressive growth across multiple performance indicators from Q2 to Q3 2024, showcasing the dynamic expansion of its platform and the growing engagement of its trading community. Key metrics...
SIX invests in OpenBrick – FX News Group
BME, a SIX company, today announced its investment in OpenBrick, a digital platform for the issuance, management, trading and settlement of tokenized securities linked to real estate projects. The company, founded by Grupo Lar, Renta 4 Banco and ioBuilders, welcomes...
Sumsub integrates Elliptic’s blockchain analytics to enhance crypto wallet screenings
Sumsub, a full-cycle verification platform, has announced its integration with Elliptic, a provider of cryptoasset risk management services. This partnership enhances Sumsub’s Crypto Transaction Monitoring and Travel Rule solutions, offering global clients enhanced...
German regulator warns of Pepperstone clone
The German Federal Financial Supervisory Authority (BaFin) has issued a warning against a clone of retail FX and CFD broker Pepperstone. BaFin warns consumers against offers made via the website pepperstone.life. According to information available to BaFin, financial...
Exante expands to MENA with Dubai DIFC licensed rep office
CySEC licensed Retail FX and CFDs broker Exante has announced that it has opened a new office in the Dubai International Financial Centre (DIFC). Exante’s Cyprus based, CySEC licensed entity EXT Ltd has received a license (DFSA Reference Number: F007837) as a Non-DIFC...
Trump plans to raise tariffs by 10% on goods from China and 25% on goods from Mexico and Canada :: InvestMacro
At Monday’s close, the Dow Jones Index (US30) increased by 0.99%. The S&P 500 Index (US500) was up 0.30%. The Nasdaq Technology Index (US100) was up 0.14%. The Dow Jones Industrials set a new all-time high, and the Nasdaq 100 set a weekly high. Stocks rose on...
Netcapital receives FINRA approval for broker-dealer license
Netcapital Inc. (NASDAQ:NCP), a digital private capital markets ecosystem, today announced that its wholly-owned subsidiary, Netcapital Securities Inc. (NSI), has received approval from the Financial Industry Regulatory Authority (FINRA) to become an FINRA-member...
Svalbard Global Seed Vault evokes epic imagery and controversy because of the symbolic value of seeds :: InvestMacro
By Adriana Craciun, Boston University Two-thirds of the world’s food comes today from just nine plants: sugar cane, maize (corn), rice, wheat, potatoes, soybeans, oil-palm fruit, sugar beet and cassava. In the past, farmers grew tens of thousands of crop varieties...
SIX welcomes Robeco as its newest ETF issuer
SIX welcomes Robeco today as the newest issuer with four actively managed ETFs in two trading currencies each. This increases the number of ETF issuers on SIX Swiss Exchange to 28 and the total number of tradable ETF products to 1,863. The four newly listed active...
NZD/USD Hits Yearly Low Amid US Dollar Strength :: InvestMacro
By RoboForex Analytical DepartmentThe NZD/USD pair has experienced a significant decline, touching a low of 0.5841 and reaching a yearly trough of 0.5796. The primary pressure comes from a robust US dollar, bolstered by anticipations of a more stringent tariff regime...
FCA research shows 12% of UK adults now own crypto
The UK Financial Conduct Authority (FCA) has published its latest research on consumer attitudes and behaviours towards crypto. The research shows that 12% of UK adults now own crypto, up from 10% in previous findings. Awareness of crypto also rose from 91% to 93%....
Robinhood Crypto launches Ethereum Staking for EU customers
US neobroker Robinhood (NASDAQ:HOOD) has announced the launch of Ethereum (ETH) staking at its Robinhood Crypto unit, enabling European customers to seamlessly earn rewards on their ETH holdings. For a limited time, Robinhood Crypto said it is offering a 100% match on...
MAS issues 14-year prohibition orders against former rep of United Overseas Bank Limited
The Monetary Authority of Singapore (MAS) has issued 14-year prohibition orders (POs) against Mr Loh Sheng Yang, a former representative of United Overseas Bank Limited (UOB). This follows his conviction in the State Courts for cheating, forgery and acquiring benefits...
FCA fines MBL £13M for control deficiencies allowing trader to conceal over 400 fictitious trades
The UK Financial Conduct Authority (FCA) has fined Macquarie Bank Limited – London Branch (MBL) £13 million for serious failings that allowed one of its employees to record over 400 fictitious trades. From June 2020 to February 2022, Travis Klein, a trader based on...
Proposed sale of First Derivative to EPAM on track to complete on Dec 2, 2024
FD Technologies (LON:FDP) today announced that the proposed sale of First Derivative to EPAM is on track to complete on 2 December. This follows an announcement on 14 November that all closing conditions had been satisfied. EPAM is a global professional services...
Broadridge’s LTX partners with TransFICC
LTX, an AI-powered fixed income trading platform backed by global Fintech leader, Broadridge Financial Solutions Inc. (NYSE:BR), today announced its strategic partnership with TransFICC, a leading provider of e-trading technology for fixed income markets. This...
Wander Rutgers replaces Martin Sokk as CEO as neobroker Lightyear gets FCA license
FNG has learned that UK neobroker startup Lightyear has made a change in its management C-Suite, as the company has received a UK FCA license and gears up to compete in the increasingly crowded UK online trading and investment products market. Lightyear has named its...
Capitolis raises $20M from Citi, Morgan Stanley, State Street, UBS
Institutional trading optimization company Capitolis has announced new strategic investments totaling $20 million from four leading global banks. The new round is led by Citi and includes State Street, both existing investors in Capitolis, as well as new investors...
SEC charges Fair Invest and Khalid Parekh for misconduct in $18.5M securities offering
The Securities and Exchange Commission (SEC) today announced settled charges against Texas-based investment adviser Fair Invest, LLC and its sole officer and managing member, Khalid Parekh, for making false statements and engaging in other wrongdoing in a securities...
Nuclear rockets could travel to Mars in half the time − but designing the reactors that would power them isn’t easy :: InvestMacro
By Dan Kotlyar, Georgia Institute of Technology NASA plans to send crewed missions to Mars over the next decade – but the 140 million-mile (225 million-kilometer) journey to the red planet could take several months to years round trip.This relatively long transit time...
Exclusive: Fullerton Markets exec Rainer Phua joins TMGM to run Liquidity
FNG Exclusive… FNG has learned that Australia based Retail FX and CFDs broker TMGM has hired longtime Fullerton Markets executive Rainer Phua, to become Head of Liquidity Management for TMGM. He will continue to be based out of Singapore for TMGM. Rainer Phua spent...
“Trump trades” and geopolitics are the key factors driving market activity :: InvestMacro
At Friday’s close, the Dow Jones Index (US30) was up 0.97% (week-to-date +1.99%). The S&P 500 Index (US500) gained 0.35% (week-to-date +1.62%). The Nasdaq Technology Index (US100) was up 0.17% (week-to-date +1.59%). Investor rotation from technology sectors to...
Cboe Clear Europe obtains regulatory approval to clear European SFTs
Cboe Clear Europe, a pan-European clearing house, today announced that it has received regulatory approval to clear European Securities Financing Transactions (SFTs). This was granted by De Nederlandsche Bank (DNB) and the Autoriteit Financiële Markten (AFM). With...
Fast fashion may seem cheap, but it’s taking a costly toll on the planet − and on millions of young customers :: InvestMacro
By Paula M. Carbone, University of Southern California Fast fashion is everywhere – in just about every mall, in the feeds of influencers on social media promoting overconsumption, and in ads constantly popping up online.Its focus on the continual production of new...
dxFeed partners with hybrid trading platform Tickblaze
dxFeed, a market data solutions and index management provider for the global financial industry, announced a partnership with Tickblaze, a hybrid trading platform, giving traders seamless access to markets and liquidity. By joining forces, the firms simplify global...
EUR/USD Amid Slowing European Economy :: InvestMacro
By RoboForex Analytical Department EUR/USD encountered significant pressure, testing a low of 1.0331 before rebounding to 1.0476, as market concerns mount over the potential economic slowdown in Europe and aggressive rate cuts by the European Central Bank (ECB).Recent...
TradeStation introduces new Options Chain features in mobile app
TradeStation has released a new version of its Trade & Invest mobile app for iOS-based devices. The latest release of the app introduces new Options Chain features. The options chain has been enhanced with a bunch of new features, including a new expiration row,...
Binance to extend Self-Trade Prevention function to all Binance Futures users
Binance will be making the Self-Trade Prevention (STP) function mandatory for all users on Binance Futures from December 10, 2024. With this update, the self-trade prevention function will be available to all users across Spot, Margin, and Futures trading on the...
Spotware completes cTrader 5.0 rollout on all platforms with major updates to Algo Trading
Leading trading technology firm Spotware has announced that it has finalized the rollout of its cTrader 5.0 trading platform, now available to all cTrader brokers and prop firms. The company said that the update for Windows, Web, and Mobile delivers a new level of...
Exclusive: Uveler hires Exness alum Katarzyna Zakrzewska to head Performance Marketing
FNG Exclusive… FNG has learned that Cyprus based, CFDs-industry focused marketing agency Uveler Marketing has hired Katarzyna Zakrzewska as Head of Performance Marketing. The company noted to FNG that with an impressive track record at industry leaders like Exness,...
FCA imposes £40M fine on Barclays
The UK Financial Conduct Authority (FCA) has fined Barclays £40 million in total for its failure to disclose certain arrangements with Qatari entities in 2008. This follows Barclays’ decision to withdraw its referral of the FCA’s planned action to the Upper Tribunal....
GCEX extends partnership with Hex Trust for enhanced crypto asset protection
Copenhagen and London based digital assets prime brokerage GCEX Group has announced that it has extended its partnership with Hex Trust, a leading fully-licensed provider of digital asset custody, staking and markets services, to include a Secured Accounts service....
ZA Bank starts offering crypto trading services directly to retail users
Hong Kong’s digital bank ZA Bank has started offering cryptocurrency trading services directly to retail users. Through the ZA Bank app, users can now seamlessly trade top cryptocurrencies in HKD and USD (this platform currently supports trading services exclusively...
Paulson Investment Company gets a slap on the wrist for alleged FINRA rule violations
Paulson Investment Company LLC has agreed to pay a fine of $40,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From December 2020 to November 2021, Paulson failed to establish, maintain, and enforce a supervisory system,...
USD Index Bets continue divergence, Speculators cut their Euro bets :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 19th and shows a quick view of how large market...
FX week in review: INFINOX acquired, UFC Asia partner, Skilling CEO, NinjaTrader AML issues
Who acquired control of leading Retail FX and CFDs broker INFINOX? Which online broker has become the Official Partner of UFC in Asia? Who was named as the new CEO at Skilling? What anti-money laundering troubles have befallen NinjaTrader and its President Michael...
Speculator Changes led by S&P500 & Nasdaq Minis :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 19th and shows a quick view of how large traders...
Speculator Bets led lower by Soybean Oil, Soybean Meal & Cotton :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 19th and shows a quick view of how large...
Weekly Speculator Changes led by Platinum :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 19th and shows a quick view of how large traders...
Ultra T-Bonds, AUD, 5-Year & USD Index lead Bullish & Bearish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on November 19th.This weekly Extreme Positions report highlights the Most Bullish and Most...
Speculator Bets led lower by 5-Year & 10-Year Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 19th and shows a quick view of how large...
CMC Markets issues statement on StrikeX investment
CMC Markets plc (LON:CMCX), one of the world’s leading online financial trading businesses, today issued a statement on StrikeX investment. CMC Markets CEO, Lord Peter Cruddas, commented: “At CMC Markets, we are proud to partner with StrikeX, a dynamic and innovative...
SEC charges Webull Financial, Lightspeed Financial Services, and Paulson Investment Company with filing deficient SARs
The Securities and Exchange Commission (SEC) today announced that broker-dealers Webull Financial LLC, Lightspeed Financial Services Group LLC, and Paulson Investment Company, LLC have agreed to settle charges that they filed with law enforcement suspicious activity...
Digital payments app Wero to become available for Postbank customers
Postbank customers will be able to link the Wero app to their account from Monday, November 25. This allows account-to-account payments within Europe where the sender and recipient have an account with a participating bank. The European Payment Initiative announced...
Cboe to launch cash-settled index options related to spot Bitcoin
Derivatives and securities exchange network Cboe Global Markets, Inc today announced plans to launch the first cash-settled index options related to the price of spot Bitcoin beginning Monday, December 2. Exclusively listed and traded on Cboe Options Exchange, these...
UPS to pay $45M penalty to settle SEC charges
The Securities and Exchange Commission (SEC) today announced settled charges against United Parcel Service Inc. for materially misrepresenting its earnings because it failed to follow generally accepted accounting principles (GAAP) in valuing one of its worst...
Bitcoin price is approaching 100,000. Natural gas prices rise due to declining inventories and cold weather :: InvestMacro
At Thursday’s close, the Dow Jones Industrial Average (US30) was up 1.06%. The S&P 500 Index (US500) closed positive 0.53%. The Nasdaq Technology Index (US100) was up 0.36%.The Dollar Index remained above 107, holding near two-year highs, as investors assessed the...
Nadex amends rules for trading members
Nadex has submitted to the Commodity Futures Trading Commission (CFTC) its intent to amend the rules pertaining to trading members. This submission will become effective on December 6, 2024. Nadex will be amending its membership rule in order to include Entities that...
USD/JPY Awaits Potential Stimulus Impact :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair remains stable at approximately 154.30 amid global economic fluctuations and expectations of potential Japanese stimulus measures.Japan’s latest inflation data for October revealed a decline to 2.3%, marking the...
Interactive Brokers adds Summaries widget on Dashboard page in Client Portal
Electronic trading major Interactive Brokers continues to enhance the capabilities of its Client Portal. The brokerage has added a Summaries widget on the Dashboard home page, allowing traders to view a news summary of assets in their portfolio. They may also search...
Companies are still committing to net-zero emissions, even if it’s a bumpy road – here’s what the data show :: InvestMacro
By L. Beril Toktay, Georgia Institute of Technology; Abhinav Shubham, Georgia Institute of Technology; Donghyun (Daniel) Choi, Georgia Institute of Technology, and Manpreet S. Hora, Georgia Institute of TechnologyCompanies around the world are increasingly committed...
Portuguese bank Novobanco integrates Saxo Bank’s multi-asset platform
Copenhagen based Retail FX and CFDs broker Saxo Bank has announced that it has partnered with Novobanco, a major Portuguese full-service bank, to provide Novobanco clients with access to Saxo’s advanced trading platform, delivering a fully digital investment...
New MT5 beta build offers extended OpenBLAS support and general performance optimization
On Friday, November 22, 2024, fintech company MetaQuotes will release a new beta version (build 4695) of the MetaTrader 5 platform. The MQL5 update introduces support for more OpenBLAS library functions, as well as the TransposeConjugate and CompareEqual functions....
Americans face an insurability crisis as climate change worsens disasters – a look at how insurance companies set rates and coverage :: InvestMacro
By Andrew J. Hoffman, University of Michigan Home insurance rates are rising in the United States, not only in Florida, which saw tens of billions of dollars in losses from hurricanes Helene and Milton, but across the country.According to S&P Global Market...
HKEX appoints Group Chief Sustainability Officer and Group Chief Communications Officer
Hong Kong Exchanges and Clearing Limited (HKEX) today announced the appointments of Mr Paul Chow as Group Chief Sustainability Officer, and Mr Jeffrey Ng as Group Chief Communications Officer. In this newly-created role, Mr Chow will be responsible for driving the...
Can AI chatbots boost human creativity? :: InvestMacro
By Jaeyeon Chung, Rice University Think back to a time when you needed a quick answer, maybe for a recipe or a DIY project. A few years ago, most people’s first instinct was to “Google it.” Today, however, many people are more likely to reach for ChatGPT, OpenAI’s...
Gary Gensler set to leave SEC on January 20
The Securities and Exchange Commission (SEC) today announced that its 33rd Chair, Gary Gensler, will step down from the Commission effective at 12:00 pm on January 20, 2025. Chair Gensler began his tenure on April 17, 2021, in the immediate aftermath of the GameStop...
Italy’s CONSOB issues orders for blocking of access to five unauthorised investment websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to five new websites that offer financial services illegally. The websites targeted by the latest orders are: “2139 Exchange” (website https://2139q.com); Macan Holdings Ltd (website...
CMC Markets shares tumble 13% after 1H-2025 results and outlook disappoint
Shares of London based online trading provider CMC Markets (LON:CMCX) are taking a tumble on Thursday, after the company released earlier today its results for the first half of fiscal year 2025, i.e. the six month period from April-to-September 2024. At the time of...
FCA uncovers another clone of Admiral Markets
The UK Financial Conduct Authority (FCA) today issued a warning against a clone of Admiral Markets. Clones are unauthorised entities that claim to be authorised by abusing the data – name, address, logo, etc. – of authorised firms. Despite their superficial...
RBNZ may cut the rate by 0.75% next week. NVDA report did not meet investors’ expectations :: InvestMacro
At Wednesday’s end, the Dow Jones Index (US30) rose by 0.32%. The S&P 500 Index (US500) closed at the opening price. The Nasdaq Technology Index (US100) declined 0.08%.Nvidia (NVDA) reported fiscal third-quarter results that beat Wall Street estimates, but its...
Bullish Exchange to join CME CF Cryptocurrency Indices
On Monday, December 30, at 0600 Coordinated Universal Time (UTC), Bullish Exchange market data will be included in the CME CF Bitcoin Reference Rates (BRR, BRRNY, BRRAP) and Real-Time Index (BRTI). The CME CF Reference Rates are used to settle CME Group Cryptocurrency...
NZD/USD Under Pressure Amidst USD Strength :: InvestMacro
By RoboForex Analytical DepartmentThe NZD/USD pair is trading near 0.5879, experiencing volatility as the market awaits the upcoming Reserve Bank of New Zealand (RBNZ) meeting. Expectations are leaning towards a significant rate cut, with a 50-basis-point reduction...
LiquidityBook completes SOC 1 Type 1 and SOC 2 Type 1 audits
LiquidityBook, a provider of cloud-native buy- and sell-side trading solutions, announced today that it has obtained System and Organization Controls 1 (SOC 1) Type 1 and System and Organization Controls 2 (SOC 2) Type 1 attestations in accordance with guidelines from...
SEC charges Touzi Capital in connection with $115M securities offering fraud
The Securities and Exchange Commission (SEC) has filed a lawsuit against Eng Taing and the entity he controls, Touzi Capital, LLC. This civil enforcement action concerns a $115 million securities offering fraud by Taing and Touzi Capital. When pitching these...
Irish c-bank takes enforcement action against BlueSnap Payment Services Ireland Limited
The Central Bank of Ireland has fined BlueSnap Payment Services Ireland Limited €324,240 for breaching requirements of the European Union (Payment Services) Regulations 2018 (the PSR 2018) between January 2021 and December 2022. BlueSnap was authorised by the Central...
Worldline signs contract with GarantiBBVA International to implement its cloud-based instant payments solution
Payment services provider Worldline has signed a contract with GarantiBBVA International N.V. to implement its cloud-based instant payments solution. This multi-year agreement will empower GarantiBBVA International to seamlessly comply with the latest regulatory...
Public.com makes margin investing available to its clients
Public.com has announced that margin investing is now available on Public. Members can increase their buying power with a transparent margin experience designed to keep them informed at every step. To invest on margin, Public members can use the stocks and bonds in...
SFC issues notices to Interactive Brokers, SBI, Monmonkey, Soochow to freeze certain client accounts
The Securities and Futures Commission (SFC) of Hong Kong has issued restriction notices to four brokers, prohibiting them from dealing with or processing certain assets held in their client accounts for suspected market manipulation or fraud involving unauthorised...
Euroclear appoints Nils Jean-Mairet as group CFO
Euroclear today announced the appointment of Nils Jean-Mairet as Chief Financial Officer (CFO), effective from 1 December. The move completes the composition of the group’s new Executive Committee. Mr Jean-Mairet joins Euroclear from McKinsey & Company where he...
Introducing broker XFA fined $400K by NFA for various violations
US regulatory body National Futures Association (NFA), the self-regulatory organization for the US derivatives industry, has ordered X-Change Financial Access LLC (XFA) to pay a $400,000 fine. XFA is an NFA Member introducing broker located in Chicago, Illinois, owned...
CMC Markets registers 45% Y/Y increase in operating income in H1 FY25
UK online trading house CMC Markets Plc (LON:CMCX) today reported its interim results for the half year ended 30 September 2024. Net operating income for the six months to end-September 2024 was £177.4 million, up 45% year-on-year (H1 2024: £122.6 million), reflecting...
Exclusive: INFINOX sold to investor group led by Marc Joppeck
FNG Exclusive… FNG has learned that leading FX and CFDs broker INFINOX has been acquired by an investor group, led by experienced industry executive Marc Joppeck. Marc Joppeck, who is based in Frankfurt, previously held key leadership roles at StoneX, including Head...
AUD/USD Consolidates After Recent Gains :: InvestMacro
By RoboForex Analytical DepartmentThe Australian dollar against the US dollar is currently experiencing a pause in its recent upward trajectory, stabilising around 0.6525 on the H4 chart. After three sessions of gains, the currency pair is undergoing a period of...
Webull to enrich its crypto futures offering with Coinbase Derivatives
Webull, a digital investment platform, today announced the expansion of its crypto futures offering with Coinbase Derivatives, LLC, a futures exchange registered with the Commodity Futures Trading Commission (CFTC). Webull clients in the U.S. will be able to trade...
The PBoC kept interest rates. The escalating war between Ukraine and Russia is negatively affecting investor sentiment :: InvestMacro
The Dow Jones Index (US30) fell by 0.28% on Tuesday. The S&P500 Index (US500) was up 0.40%, and the Nasdaq Technology Index (US100) rose by 0.71%. The escalating Ukraine-Russia war caused a de-risking of stock markets and liquidation of equities. Investors sought...
Spreadex revenues top £100 million in 2024, up 16%
St Albans, Hertfordshire based financial spread betting and sports betting firm Spreadex has released its results for fiscal year 2024 (May 31 year end), indicating further growth at the company for the fourth consecutive year, resulting in record Revenues and Profits...
USDJPY bulls venture into intervention zone :: InvestMacro
USDJPY less than 4% from multi-decade topYen worst performing G10 currency vs USD this weekRallied over 10% from September 2024 lowBloomberg medium forecast for intervention at 160.00Bloomberg FX model: USDJPY has 72% of trading within 153.46 – 157.95 over 1-week...
Exclusive: Doo Group buys licensed Indonesian broker Prima Tangguharta Futures
FNG Exclusive… FNG has learned that Singapore based online brokerage firm Doo Group has expanded to yet another country, acquiring PT Prima Tangguharta Futures, a small MT5-based Indonesia based broker. Prima Tangguharta Futures, operating out of Jakarta, was...
CME Group, LPGA announce two-year extension of CME Group Tour Championship
The Ladies Professional Golf Association (LPGA) and international derivatives marketplace CME Group today announced an extension of the CME Group Tour Championship and the season-long Race to the CME Globe through 2027. Since assuming title sponsorship of the LPGA...
OTC Markets Group launches overnight trading platform for NMS securities MOON ATS
OTC Markets Group Inc, an operator of regulated financial markets for over 12,000 U.S. and global securities, announced the official launch of MOON ATS, following the completion of the SEC filing process. MOON will offer access to National Market System (NMS)...
Valereum joins Apex segment of Aquis Stock Exchange
Valereum Plc, a fintech company seeking to unlock capital and create value in tokenised digital markets, is joining the Apex segment of the Aquis Stock Exchange (AQSE) with effect from market open today, 20 November 2024. Nick Cowan, Valereum’s CEO, commented: “We are...
Nomura issues statement on indictment of former employee
Today a former employee of Nomura Securities was formally charged by the Hiroshima Prefecture police on suspicion of robbery, attempted murder, and arson of an inhabited building. Nomura stated: “We would like to express our heartfelt sympathy and apologize to our...
SEC accuses Coinbase of hindering discovery process
The Securities and Exchange Commission (SEC) and Coinbase have clashed over discovery in a lawsuit brought by the US regulator. Let’s recall that the SEC filed charges against Coinbase in June 2023. The regulator accused Coinbase of operating its crypto asset trading...
Interactive Brokers launches Plan d’Epargne en Actions accounts
Electronic trading major Interactive Brokers Group Inc (NASDAQ:IBKR) today announced the launch of Plan d’Epargne en Actions accounts. These accounts offer favorable tax exemptions, making them attractive savings vehicles for eligible French clients. PEA accounts...
HK regulator suspends former rep of Yuanta Securities for 26 months
Hong Kong’s Securities and Futures Commission (SFC) has suspended the licence of Mr Wang Shian-tang, a former licensed representative of Yuanta Securities (Hong Kong) Limited for 26 months from 20 November 2024 to 19 January 2027. The SFC’s investigation found that...
NinjaTrader and President Michael Cavanaugh charged with serious AML deficiencies
The US National Futures Association (NFA) has announced that it has issued a Complaint against NinjaTrader Clearing LLC and its longtime President Michael Cavanaugh. The Complaint charges NinjaTrader with failing to implement an adequate anti-money laundering (AML)...
CySEC withdraws license of Arumpro Capital
The Cyprus Securities and Exchange Commission (CySEC) today announced the withdrawal of the Cyprus investment firm (CIF) license of Arumpro Capital Ltd. The decision was made at a CySEC meeting held on November 11, 2024. The withdrawal is in accordance with section...
TradingView announces expansion of Webull integration in Japan
TradingView today announced the expansion of Webull integration in Japan. TradingView is welcoming local users to take advantage of the low-cost trading across U.S. and Japanese securities. Founded in 2017, Webull operates in 15 geographic regions, and provides retail...
CQG to offer access to products on MIAX Futures Exchange Onyx trading platform
CQG, a global provider of high-performance technology solutions for market makers, traders, brokers, commercial hedgers and exchanges, today announced that it will offer day-one access to MIAX Futures Exchange in connection with the planned launch of the exchange’s...
Robinhood to acquire TradePMR for $300M
Robinhood Markets, Inc. has entered into an agreement to acquire TradePMR, a custodial and portfolio management platform for Registered Investment Advisors (RIAs). Final deal consideration is expected to be approximately $300 million, subject to customary purchase...
Gold Rebounds Amid USD Weakness and Geopolitical Uncertainties :: InvestMacro
By RoboForex Analytical Department Gold prices rebounded, crossing 2,620 USD per troy ounce on Tuesday, as the US dollar weakened, and investors sought clarity on the Federal Reserve’s monetary policy direction. The likelihood of a Fed rate cut in December currently...
Equinix unveils plans for its latest data center in Singapore
Digital infrastructure platform Equinix, Inc. (NASDAQ:EQIX) today announced plans for its latest data center in Singapore. With an initial investment of US$260 million, the new facility–named SG6–will be Equinix’s sixth International Business Exchange (IBX) data...
The RBA will maintain a restrictive monetary policy until the end of the year. :: InvestMacro
At the end of Monday, the Dow Jones Index (US30) fell by 0.13%. The S&P 500 (US500) was up 0.39%. The Nasdaq Technology Index (US100) was up 0.71%. The US stock indices changed a little as investors await key earnings reports this week, including Nvidia (NVDA) and...
Paxos to acquire Finland-based electronic money institution Membrane Finance
Blockchain and tokenization infrastructure platform Paxos has agreed to acquire Membrane Finance, an Electronic Money Institution (EMI) based and licensed in Finland. The acquisition is subject to regulatory approval. Upon completion of the acquisition, Paxos will be...
Safe-haven assets rally on nuclear concerns :: InvestMacro
By ForexTime Gold ↑ 0.9% on risk-off sentimentJPY best performing G10 currency vs USD todaySwiss franc second best performerUSDInd steady around 106.40Risk assets take hit, US futures point to ↓ openInvestors rushed toward safer assets on Tuesday as fresh concern over...
Trading Technologies to offer clients access to Cboe equity index options
Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, announced today that it will soon offer clients access to Cboe equity index options, giving TT clients access to the rapidly growing equity options trading space....
CySEC withdraws CIF license of Greenpost Trading Europe
The Cyprus Securities and Exchange Commission (CySEC) today announced the withdrawal of the Cyprus investment firm (CIF) license of Greenpost Trading Europe Ltd. The decision was made at a CySEC meeting held on November 4, 2024. The license withdrawal is in accordance...
Lightspeed launches new API trading solution Lightspeed Connect
Lightspeed Financial Services Group LLC, a broker for active and professional traders, today announced the launch of its new API trading solution, Lightspeed Connect. Lightspeed Connect allows retail and professional clients the opportunity to automate trading...
Exclusive: Kate Rutkovskaya rejoins Your Bourse to head Business Development
FNG Exclusive… FNG has learned that former Your Bourse COO Kate Rutkovskaya has returned to the FX and CFDs business following a two year hiatus, rejoining Your Bourse as Global Head of Business Development. Kate Rutkovskaya served as COO of MT4 and MT5 broker tech...
Glenn Collinson to step down as Chair and Director of Aquis
Aquis Exchange PLC announced today that Glenn Collinson has decided to step down as Chair and as Director of Aquis with immediate effect for personal reasons. Glenn Collinson is a member of the Institute of Engineering and Technology and holds an MSc in electronics as...
ATFX integrates Zodia Custody’s institutional-grade crypto custody solution
Leading global online broker ATFX has announced a new partnership with Zodia Custody, a leading institution-first digital asset custodian backed by Standard Chartered, SBI Holdings, Northern Trust and National Australia Bank, to enhance the security and efficiency of...
YourPropFirm adds Devexperts’ DXtrade to its multi-platform offering for Prop Firms
YourPropFirm, a leading provider of prop trading technology, has announced a strategic partnership with Devexperts, the company behind DXtrade. This partnership enables YourPropFirm to offer DXtrade as part of its multi-platform solution, ensuring that clients aren’t...
Nasdaq fines Citi for failing to satisfy its two-sided continuous quoting obligation
Citigroup Global Markets Inc has agreed to pay a fine of $60,000 as a part of a settlement with Nasdaq Stock Market LLC. During the period October 1, 2019, through June 30, 2020, Citi violated Nasdaq Rule 4613(a) for failing to satisfy its two-sided continuous quoting...
Cboe survey reveals interest among European retail investors in utilising exchange-traded options for risk management
Cboe Global Markets today announced the results of its inaugural survey of European retail investors, conducted jointly by Cboe Europe Derivatives (CEDX), Cboe’s pan-European equity derivatives marketplace, and The Options Institute, Cboe’s education arm. Overall, the...
Crypto exchange One Trading employs Solidus Labs compliance and security solutions
One Trading, a regulated European crypto-asset exchange and the EU’s first perpetual futures trading venue, has announced a partnership with Solidus Labs, which provides crypto-native compliance and security solutions. Through this collaboration, One Trading said it...
RoboForex Receives Best Introducing Broker Programme Award :: InvestMacro
RoboForex, which provides brokerage services for trading in global financial markets, has won the “Best Introducing Broker Programme – LatAM” at the prestigious Global Forex Awards – Retail 2024.This accolade recognises the success of the RoboForex Infinity program,...
ESMA proposes EU move to T+1 settlement by October 2027
Pan European financial markets regulator and supervisor The European Securities and Markets Authority (ESMA) has announced that it has published its Final Report providing the assessment of the shortening of the settlement cycle in the European Union (EU). The report...
Revolut adding UK to EU plans to offer stock and CFDs trading
Bloomberg is reporting that neobank giant Revolut has received approval from UK financial regulator The Financial Conduct Authority (FCA) as an investment firm, which will permit it to expand its services from banking and payment services to include stock and CFDs...
Higo Bank adopts DTCC’s ITP services to accelerate post-trade processing
The Depository Trust & Clearing Corporation (DTCC) announced today that Japan’s Higo Bank has adopted DTCC’s ITP services to automate their middle and back office, helping them achieve no touch processing across domestic and cross-border transactions. Higo Bank,...
AUD/USD Stabilises Amid RBA’s Hawkish Outlook :: InvestMacro
By RoboForex Analytical Department AUD/USD is showing signs of stabilisation near 0.6465, marking its second consecutive session of attempts to recover.The Australian dollar finds some support from the hawkish comments made by Reserve Bank of Australia (RBA) Governor...
BitConnect founder has been fugitive for more than three years, SEC confirms
It has been more than three years since the Securities and Exchange Commission (SEC) has filed its action against BitConnect, an online crypto lending platform, and its founder Satish Kumbhani. The SEC has been unable to locate Kumbhani, as confirmed by documents...
The hawkish attitude of FOMC representatives puts pressure on stock indices. Oil is growing amid escalation in Eastern Europe :: InvestMacro
At the end of Friday, the Dow Jones (US30) fell by 0.70% (-1.39% for the week). The S&P 500 Index (US500) was down 1.23% (for the week -2.30%). The Nasdaq Technology Index (US100) was down 2.40% (-3.67% for the week). Wall Street saw a sharp decline on Friday as...
CFTC seeks extension of stay of its action against Precious Commodities and National Coin Broker
The Commodity Futures Trading Commission (CFTC) has provided an update to the status of its lawsuit against Jeffrey Johnson, Kathleen Hook, Precious Commodities Inc., NCB Wholesale Co., Ross Baldwin and National Coin Broker, Inc. As per documents filed with the New...
Making Crypto Trading Attractive for Retail Investors
The following is a guest editorial courtesy of Niki Nikolaou, Business Director at Contentworks Agency. Bitcoin had a dream run in 2024, rising over 102% to reach an all-time high of $89,612.69 on November 12. The recent rally was driven by the outcome of the US...
OANDA extends partnership with TradingView to its OANDA Global Markets division
Multi-asset trading services provider OANDA has announced the extension of an existing partnership with TradingView to its OANDA Global Markets division, allowing mutual clients to trade with OANDA directly from TradingView charts. This milestone completes OANDA’s...
Taskize names Diederik Geeraerts its CEO
Taskize, an investment operations collaboration platform and Euroclear-owned fintech, has announced the appointment of Diederik Geeraerts as Chief Executive Officer. With a combined 20 years’ experience within Euroclear group, Mr Geeraerts brings a wealth of...
Pepperstone becomes the Official Partner of UFC in Asia
Leading Australia based online trading provider Pepperstone has announced a new partnership with UFC, the world’s premier mixed martial arts organisation, to become the Official Partner of UFC in Asia. This strategic collaboration brings together two dynamic forces; a...
ATFX Connect collaborates with Centroid to enhance liquidity and connectivity for Brokers
Global multi-asset liquidity provider ATFX Connect has announced that it has strengthened its collaboration with Centroid Solutions, a leading bridge provider, to enhance market connectivity and liquidity for clients of all sizes. This partnership provides clients...
GMO Internet to receive dividend from surplus from GMO Payment Gateway
GMO Internet Group, Inc. today announced that it will receive a dividend from the surplus from its consolidated subsidiary, GMO Payment Gateway, Inc. The amount of the dividend is JPY 3,865 million. The scheduled date of receipt is December 17, 2024. Upon receipt of...
Italy’s CONSOB warns of financial fraud spreading on WhatsApp
Italy’s Companies and Exchange Commission (CONSOB) today issued a warning of financial fraud spreading on WhatsApp. The widespread messaging system can become a vehicle for illicit offers which, by entering in the smartphones of the undifferentiated public and...
Monex launches open beta version of Monex Web3 ID
Monex Group, Inc. today announced that its new web3 business brand “Monex Web3” launched the open beta version of Monex Web3 ID (“MID”), an ID on the blockchain associated with an individual. MID is easy to use even for those who are not familiar with the blockchain...
Currency Speculators cut US Dollar Index bets despite rising price :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 12th and shows a quick view of how large market...
Speculator Changes led lower by Gold & Platinum :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 12th and shows a quick view of how large traders...
Large Speculator bets led by 2-Year & Ultra Treasury Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 12th and shows a quick view of how large...
FX week in review: Axi, ACY and Crypto.com acquire, oneZero investment, Capital.com CEO change
It was a very busy week of M&A activity in the Retail FX and CFDs brokerage business, with a number of transactions seen involving (mainly) Australia based brokers. But also in the executive news realm there were new CEOs, new CMOs, and several senior management...
Speculator Bets led by MSCI EAFE & VIX :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 12th and shows a quick view of how large traders...
Large Speculator bets led by Corn & Soybean Oil :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 12th and shows a quick view of how large...
Lean Hogs, Ultra T-Bonds, US Dollar & 5-Year lead Bullish & Bearish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on November 12th.This weekly Extreme Positions report highlights the Most Bullish and Most...
Nuvei announces completion of going private transaction
Canadian fintech company Nuvei Corporation (TSX:NVEI) announced today the completion of the previously announced plan of arrangement under the Canada Business Corporations Act pursuant to which Neon Maple Purchaser Inc, an entity formed by Advent International,...
SEC fines Lion Street Financial for violating Regulation Best Interest
The Securities and Exchange Commission (SEC) today announced settled charges against Texas-based broker-dealer Lion Street Financial, LLC for violating Regulation Best Interest. Without admitting or denying the SEC’s findings, Lion Street has agreed to a...
Will Nvidia earnings seal stock’s 200% jump in 2024? :: InvestMacro
By ForexTimeNvidia: world’s largest company with US$3.6 trillion market capShares already soared 196.3% so far this yearEarnings due after US markets close Wed, Nov 20Shares forecasted to move 8% up/down Thur, Nov. 21Nvidia accounts for 15% of total global stock...
The Dollar Index strengthened on Powell’s comments. The Bank of Mexico cut the rate to 10.25% :: InvestMacro
The Dow Jones (US30) decreased by 0.47% on Thursday. The S&P 500 Index (US500) was down 0.60%. The NASDAQ Technology Index (US100) lost 0.66%.On Thursday, Fed Chairman Powell clarified that there was no need for an immediate rate cut, citing the economy’s...
Axi bids AUD $52M to buy Australia low-cost broker SelfWealth
Leading Australia based Retail FX and CFDs broker Axi is looking to expand in its home market, with its parent company AxiCorp Financial Services Pty Ltd making a bid to buy publicly traded SelfWealth Ltd (ASX:SWF), which bills itself as Australia’s most popular...
EURUSD Faces Decline as Fed Signals Firm Stance :: InvestMacro
By RoboForex Analytical DepartmentEURUSD plunged to a six-month low of 1.0543 on Friday amid strong support for the US dollar following the US presidential election and recent comments from Federal Reserve officials.Federal Reserve Chair Jerome Powell’s recent...
Andrew Biggs appointed CEO of Finalto Trading
Finalto Group has announced the promotion of Andrew Biggs to the role of Chief Executive Officer of Finalto Trading. The company sits within Finalto Group and will complement the services provided by industry-leading financial institution Finalto Financial Services....
FCA fines and bans former partners of MedDen Financial Services
Craig Buchan and Martin Cooke, former partners of MedDen Financial Services LLP, have been fined £6,037 and £6,020 (respectively) and banned by the UK Financial Conduct Authority (FCA) for recklessly breaching an asset requirement imposed on the firm. The FCA imposed...
ASX responds to proceedings brought by ASIC over alleged misleading statements
Today ASX Limited filed a Concise Statement in Response to the proceedings brought by the Australian Securities and Investment Commission (ASIC) in the Federal Court on 13 August 2024. ASIC alleges that by making certain statements to the market on 10 February 2022 in...
HKEX partners with Hang Seng Indexes Company to launch Hang Seng HKEX Stock Connect China Enterprises Index
Hong Kong Exchanges and Clearing Limited (HKEX) is collaborating with leading index compiler Hang Seng Indexes Company Limited (HSIL) to jointly launch an index tracking the largest Chinese companies in the Stock Connect universe. The Hang Seng HKEX Stock Connect...
Konsolidator launches new app within Business Central
Today, Konsolidator released a new app that enables users to create a Konsolidator demo account directly within Microsoft Business Central (BC). By using the potential customer’s existing BC data and Konsolidator’s AI account mapping, the customer can create a basic...
HK regulator warns crypto firms misuse word “bank”
The Hong Kong Monetary Authority (HKMA) urges the public to be cautious about certain overseas crypto firms, which are not licensed banks in Hong Kong, making representation in Hong Kong that they are banks or using the word “bank” in the descriptions of their...
Doo Group adds CySEC license to serve the EU CFDs trading market
Singapore based brokerage firm Doo Group has announced that Doo Financial, one of its brands, has been awarded a new license by the Cyprus Securities and Exchange Commission (CySEC), from where the company will be able to serve EU based clients. Doo Financial EMEA...
ACY Securities expands to South Africa acquiring Ingot Brokers SA
Australia based Retail FX and CFDs broker ACY Securities has announced it has successfully acquired Ingot Brokers South Africa. This strategic move marks a significant milestone for the company, as it becomes fully licensed to operate in South Africa under the...
1 in 7 prop firms closed in 2024: Brokeree Solutions shares insights
In preparation for the launch of Prop Pulse, Brokeree Solutions conducted a comprehensive market analysis of 80+ traders’ funding firms in Q1 2024. In Q4, the research was repeated using the same sample and methodology to understand the significant shifts in the prop...
LME Clear proposes to increase clearing members’ minimum net capital requirement
LME Clear today issued a consultation proposing a range of measures aimed to further bolster the resilience, transparency and fairness of its markets. The proposals include an increase to the minimum net capital requirement for members and the introduction of a...
Clear Street launches Equity Research Group
Clear Street, a cloud-native financial technology firm which aims to modernize the brokerage ecosystem, today announced the launch of its Equity Research Group, a strategic initiative aimed at providing in-depth market analysis and investment insights to its growing...
Gold Falls for the Fifth Consecutive Trading Session :: InvestMacro
By RoboForex Analytical Department On Thursday, the price of a troy ounce of Gold is lower, approaching 2,560.00 USD.The current value of Gold is at an eight-week low, influenced by the strong US dollar. The market analyses the latest inflation statistics released in...
CySEC issues warning against several unregulated investment firms
Cyprus Securities and Exchange Commission (CySEC) has issued a warning against a raft of unauthorised investment entities. CySEC informs investors that the following websites do not belong to an entity which has been granted an authorization for the provision of...
Italy’s CONSOB orders blocking of access to seven unauthorised investment websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to seven new websites that offer financial services illegally. The websites targeted by the orders are: “AxiaGroup” (website https://axiagroup.co and related page...
Cypriot regulator confirms ICF membership withdrawal of AMP Global and Citium Wealth
The Cyprus Securities and Exchange Commission (CySEC) today announced that the Investors Compensation Fund (ICF) has withdrawn the ICF membership of AMP Global Ltd and Citium Wealth (CY) Ltd. The loss of ICF membership status does not mean loss of rights of covered...
HKEX implements Severe Weather Trading program
Hong Kong Exchanges and Clearing Limited (HKEX) today announced the successful implementation of its Severe Weather Trading (SWT) programme on the first SWT trading day since the new arrangements took effect. HKEX confirms that all trading, settlement and clearing...
Dukascopy adds AED and SAR to base currencies for trading accounts
Dukascopy Bank is extending the range of base currencies for Trading Accounts (JForex, MT5, Binaries) with the addition of the United Arab Emirates Dirham (AED) and Saudi Arabian Riyal (SAR). Funding in AED and SAR can be done by wire transfer or by using credit or...
Crypto.com buys ASIC licensed CFDs broker Fintek expanding Australia presence
Singapore based crypto exchange operator Crypto.com has taken steps to expand in the Australia markets, announcing the acquisition of Fintek Securities Pty Ltd, an MT5 based CFDs broker that holds an Australia Financial Services License, regulated by the Australian...
Fortrade revenues decline 39% in 2023 to £19.8M
London based Retail FX and CFDs broker Fortrade Limited has released its financial results for 2023, indicating that the company saw a decline on the top line for the first time in four years, although profits were able to keep up. Revenues at Fortrade came in at...
Vietnamese broker DNSE joins list of TradingView partners
TradingView continues to expand its broker ecosystem. Its latest addition is DNSE, a Vietnamese brokerage focused on simplifying investments for local traders. DNSE boasts a strong record as a firm with 17 years of experience, and today, it provides nearly 1 million...
FD Technologies confirms satisfaction of all conditions to complete sale of First Derivative Business
FD Technologies (LON:FDP) today announced that all conditions precedent to completion of the sale of the First Derivative Business to EPAM Systems, Inc have been satisfied. The Divestment is expected to complete on or around 2 December 2024. After customary closing...
Nuvei secures all regulatory approvals for going private transaction
Canadian fintech company Nuvei Corporation (TSX:NVEI) announced today that it has received all regulatory approvals required in connection with the closing of the previously-announced plan of arrangement under the Canada Business Corporations Act involving the Company...
Can Chinese Tech earnings offer relief for Chinese stock indexes? :: InvestMacro
By ForexTime CHINAH, CN50, HK50 falling on fears of heightened US-China trade tensions US president-elect Trump reportedly set to appoint China “hawks” to cabinetCHINAH, CN50, HK50 testing key moving averages as immediate support Relief to arrive from this week’s...
Robinhood Crypto adds SOL, PEPE, ADA & XRP to trading instruments lineup for US customers
Today, Robinhood Crypto announced the addition of Solana (SOL), Pepe (PEPE), Cardano (ADA) & XRP (XRP) to its U.S. platform. The latest additions bring the total number of cryptocurrencies available for trading via Robinhood Crypto to 19. “We’ve consistently heard...
Countries spend huge sums on fossil fuel subsidies – why they’re so hard to eliminate :: InvestMacro
By Bruce Huber, University of Notre Dame Fossil fuels are the leading driver of climate change, yet they are still heavily subsidized by governments around the world.Although many countries have explicitly promised to reduce fossil fuel subsidies to combat climate...
TradingView introduces Order presets – FX News Group
TradingView has introduced a new feature available on the TradingView platform: Order presets. This feature allows users to create and save order configurations, greatly simplifying and speeding up the trading process. Order presets are a powerful tool that allows...
No One Opposes the US Dollar :: InvestMacro
By RoboForex Analytical Department The USD/JPY currency pair has climbed to a three-month high of 154.87, driven by the strengthening US dollar following Donald Trump’s election victory. Markets anticipate that Trump’s protectionist policies, which are expected to...
Prop firm FunderPro adds cTrader trading platform
Retail prop trading firm FunderPro has announced that it has integrated the popular cTrader platform into its suite of trading solutions, offering traders advanced trading tools and utmost flexibility. As part of this exciting development, FunderPro traders now have...
Profit-taking is observed on stock indices. The data on wages in Australia haven’t met expectations :: InvestMacro
At the end of Tuesday, the Dow Jones Index (US30) fell by 0.29%. The S&P 500 Index (US500) was down 0.29%. The NASDAQ Technology Index (US100) closed negative 0.17%. Higher bond yields on Tuesday contributed to some profit-taking in equities after five consecutive...
Bitwise acquires Ethereum staking provider Attestant
Bitwise Asset Management today announced the acquisition of Attestant Limited, an institutional-grade Ethereum staking provider. The acquisition expands Bitwise’s suite of solutions for investors to include professional non-custodial staking alongside ETPs, hedge fund...
Monex launches Monex Web3 – FX News Group
Monex Group, Inc. has launched a new brand, Monex Web3, which comprises Monex’s web3 business portfolio. Monex Web3 offers a range of services to domestic and foreign companies that are considering using web3 technology to solve problems or launch new businesses....
Euroclear, Transcend collaborate on joint collateral optimisation service
Euroclear has entered a partnership with Transcend with the aim to introduce a new joint collateral optimisation service. The service will bring together Euroclear’s collateral management infrastructure and data with Transcend’s optimisation platform to address...
Paysafe reports wider net loss in Q3 2024
Payments platform Paysafe Limited (NYSE:PSFE) today announced its financial results for the third quarter of 2024. Net loss for the third quarter increased to $13.0 million, compared to $2.5 million in the prior year period, largely reflecting an increase in other...
Nomura appoints David Leigh as Co-Head of FX & Emerging Markets
Nomura today announced the appointment of David Leigh as Co-Head of FX & Emerging Markets, based in London. Mr. Leigh will partner with current Co-Head Nagaraj Pangal to jointly lead Nomura’s FX & Emerging Markets business globally. David Leigh joins Nomura...
AFM issues penalty payment order against Vantage Markets
The Financial Markets Authority (AFM) of the Netherlands has issued a penalty payment order against Vantage Global Limited (Vantage Markets). The reason for the order is Vantage Markets’ lack of cooperation with the AFM’s investigation. The AFM is investigating...
CySEC starts accepting CASP applications in accordance with MiCAR
Crypto-Asset Service Providers (CASPs) in Cyprus are from today able to apply to the Cyprus Securities and Exchange Commission (CySEC) for a preliminary assessment for the EU’s Markets in Crypto-assets Regulation (MiCAR). The decision by CySEC to implement a...
Klarpay AG to rebrand as Bivial AG
Klarpay AG, a fintech providing modern Swiss accounts and global transactional banking, today announced that it will officially rebrand to Bivial AG in the coming weeks. The new name reflects the company’s evolving vision and core values while incorporating a personal...
CEO change at Capital.com as company pursues regional structure
Leading Retail FX and CFDs broker Capital.com has announced a new regional leadership model, to better support rapid growth and innovation across key markets in which it is regulated. In Q1 2024 the Board of Directors approved plans for Capital.com to transition to a...
Companies are buying up cheap carbon offsets − data suggest it’s more about greenwashing than helping the climate :: InvestMacro
By Sehoon Kim, University of Florida Carbon offsets have become big business as more companies make promises to protect the climate but can’t meet the goals on their own.When a company buys carbon offsets, it pays a project elsewhere to reduce greenhouse gas emissions...
Coinbase introduces Coinbase 50 Index
Coinbase today announced the launch of the Coinbase 50 Index (COIN50), a benchmark representing the top 50 digital assets listed on Coinbase Exchange that meet the index’s criteria for inclusion. The index was developed in partnership with Coinbase Asset Management...
Tiger Brokers operator UP Fintech sees record Revenues of $85M in Q3-2024
UP Fintech Holding Limited (NASDAQ:TIGR), which operates the online brokerage brand Tiger Brokers, has announced its financial results for the third quarter ended September 30, 2024, showing both record quarterly Revenues and Profits for the company. Net Revenue came...
Mastercard launches innovative platform Biz360
Mastercard today introduced Biz360, a comprehensive digital solution designed for providers to equip their small business customers with a simplified way to manage the most critical aspects of running and growing a business. With Mastercard Biz360™, business owners...
Darwinex urges traders to update their MT4 & MT5 terminals
Darwinex has issued a notice to its clients advising them to update their MT4 & MT5 terminals to the latest version. Starting December 1, 2024, the minimum supported versions of the MetaTrader 4 and MetaTrader 5 trading platforms will be as follows: MetaTrader 4...
Metro Bank secures regulatory approval for Marc Page’s appointment as CFO
Metro Bank announced today that following receipt of regulatory approval, Marc Page will be appointed as an Executive Director and Chief Financial Officer on 12 November 2024. Mr Page has more than 20 years’ experience in financial services roles in Barclays, HBOS and...
Morgan Stanley Expansion Capital announces $20M investment in NovoPayment
Investment funds managed by Morgan Stanley Expansion Capital announced today an investment of $20 million in NovoPayment, a financial and payment infrastructure service provider specializing in delivering digital banking, payments and card solutions. The funding is...
Bitcoin hits an all-time high above $88,000. Oil remains under pressure :: InvestMacro
At the end of Monday, the Dow Jones Index (US30) rose by 0.69%. The S&P 500 Index (US500) gained 0.10%. The NASDAQ Technology Index (US100) was down 0.05%. Stocks traded mixed on Monday, with the S&P 500 and Dow Jones Industrials setting new all-time highs....
Webull makes overnight trading available to its US clients
Digital investment platform Webull today announced the launch of Overnight Trading, powered by Blue Ocean ATS, to expand trading hours for its users in the United States. This feature provides Webull users with the flexibility to make educated investments on their own...
Brent Crude Stumbles as Market Sentiments Turn Cautious :: InvestMacro
By RoboForex Analytical Department Brent crude oil prices have continued to slip, touching 71.74 USD a barrel on Tuesday. This marks a downturn influenced by China’s underwhelming stimulus measures. The market’s lack of confidence in China’s rejuvenation efforts,...
oneZero gets growth capital investment from Golden Gate Capital
Trading tech solutions provider oneZero Financial Systems has announced a new investment from Golden Gate Capital, a San Francisco-based private equity firm. oneZero’s current financial partner, Lovell Minnick Partners (LMP), will continue to support oneZero alongside...
Trading Technologies launches TT Accreditation program
Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, today introduced TT Accreditation, providing traders and administrators with comprehensive, online, self-paced training modules to achieve certification in various...
John Tierney approved as CEO of Nomura Europe Holdings and Nomura International
Nomura today announced that John Tierney has been approved as CEO of Nomura Europe Holdings plc (NEHS) and Nomura International plc (NIP), with Jonathan Lewis stepping down after a 10-year tenure. Mr. Lewis has served as CEO of NEHS and NIP since December 2014, and...
eToro introduces Global-Edge smart portfolio
Online broker eToro has expanded its range of portfolios by introducing the Global-Edge Smart Portfolio. The Global-Edge portfolio comprises 50% Global Stocks and 50% Bonds for growth and stability. It offers quarterly rebalancing, which optimizes performance...
Finalto appoints Luis dos Santos as Sales Director for Latin America
Finalto, the bespoke liquidity and fintech provider, is has announced the appointment of Luis dos Santos as its Sales Director for Latin America. Dos Santos has vast industry experience. He previously worked as Global Head of Business Development at Markets.com and...
HK regulator takes action against numerous suspects for alleged Smartac shares manipulation
The Securities and Futures Commission (SFC) of Hong Kong has commenced proceedings in the Market Misconduct Tribunal (MMT) against Mr Sui Guangyi, former chairman and non-executive director of Ding Yi Feng Holdings Group International Limited, two corporate entities...
G.research gets a slap on the wrist for alleged violations of FINRA rules
G.research, LLC has agreed to pay a fine of $30,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From June 30, 2020, to May 1, 2023, G.research failed to disclose its own and its control affiliates’ disciplinary history in the...
Financial AI-analytics firm big xyt raises €10M led by Finch Capital
big xyt, a Frankfurt, Germany based data analytics company for financial markets, has announced that the company has raised a €10 million investment round, led by European growth investment firm Finch Capital. The investment will drive big xyt’s global expansion,...
AUD/USD Stabilises as Traders Await Economic Signals :: InvestMacro
By RoboForex Analytical Department The AUD/USD pair is navigating the week starting with a steady tone, trading around 0.6590. After a significant drop last Friday, triggered by disappointment over China’s economic stimulus measures, the pair finds a momentary respite...
Investa crowdfunding raise brings in £700K ahead of Options trading app launch
London based Stocks and Options trading app startup Investa has announced that it has raised £700K in its first crowdfunding campaign. Prior to the campaign, over £1 million was raised from a group of serial entrepreneurs, traders, financial markets leaders and hedge...
Bitcoin hits new record high just shy of $82,000! :: InvestMacro
By ForexTimeBitcoin has surged over 17% since Nov. 5th US elections dayThe world’s oldest crypto up 90.8% so far in 2024Bitcoin outperformed other “Trump trade” assets since Nov. 5thCardano (+72%) is FXTM’s best-performing crypto since Nov. 5thBitcoin may see...
Nasdaq Stockholm fines Citigroup SEK 6M over index price drop
The Disciplinary Committee of Nasdaq Stockholm has found that Citigroup Global Markets Europe AG, part of Citigroup Inc (NYSE:C), has breached the Nasdaq Nordic Member Rules and therefore ordered the Company to pay a fine of SEK 6,000,000 (USD $552,000). On May 2,...
The Dow Jones broke the 44 000 mark, and the S&P 500 topped 6 000 for the first time. The deflationary scenario continues in China :: InvestMacro
On Friday, the Dow Jones (US30) rose by 0.59% to reach 44,000 points for the first time (up +4.72% for the week). The S&P 500 Index (US500) gained 0.38% and surpassed the 6,000-point mark for the first time (for the week +4.72%). The NASDAQ Technology Index...
SEC charges former employee of Federal Reserve Bank of Richmond with insider trading
The Securities and Exchange Commission (SEC) has filed a lawsuit against Robert Brian Thompson. The relevant complaint, seen by FX News Group, was submitted at the Virginia Eastern District Court on November 8, 2024. The SEC’s complaint alleges that, from at least...
Metal Alpha director sentenced to three years imprisonment
Metal Alpha Pty Ltd director Brett Paul Trevillian has been sentenced to three years imprisonment for forging reports about the performance of his trading strategy ‘The Gold Method’, when he was the investment manager of AlphaThorn Pty Ltd. Mr Trevillian was sentenced...
Exclusive: Match-Prime / Match-Trade Dubai office head Ahmed Fouad departs
FNG Exclusive… FNG has learned that Ahmed Fouad has left his position as Head of MENA for the Match-Prime Liquidity and Match-Trade Technology brands. Ahmed Fouad had joined the group earlier this year as Match-Prime and Match-Trade opened a new office in Dubai,...
Saxo to introduce better news experience on TraderGO and TraderPRO
Multi-asset investment specialist Saxo Bank is introducing new and better news experience on its TraderGO and TraderPRO platforms. Saxo’s news pages are undergoing a significant uplift, designed to enhance user experience and modernise the platform. The goal is to...
SIX makes acquisition offer for Aquis Exchange
The boards of SIX and Aquis have reached agreement on the terms of a recommended cash offer for the entire issued and to be issued ordinary share capital of Aquis. It is intended that the Offer will be implemented by way of a Court-sanctioned scheme of arrangement...
Tradeweb, TSE collaborate to offer enhanced access to liquidity in Japanese ETFs
Tradeweb Markets Inc. (NASDAQ:TW), a global operator of electronic marketplaces for rates, credit, equities and money markets, and Tokyo Stock Exchange (TSE), one of the largest stock exchanges in the world, today announced their collaboration to offer institutional...
Exclusive: Britannia Financial Chair Andrew Bole steps down
FNG Exclusive… FNG has learned that Andrew Bole has stepped down from his role as Chairman of the Board for FCA regulated institutional multi-asset brokerage Britannia Global Markets Limited, which operates under the Britannia Financial Group brand. He has also...
ATFX expands LATAM service opening new office in Mexico
On November 9, 2024, ATFX, a global leader in online brokerage services, officially opened its new office in Mexico, marking an important milestone in the company’s expansion across Latin America. The grand opening event included an exclusive tour of the newly...
Travelex partners with NCR Atleos to replace over 600 ATMs’ hardware and software
Forex firm Travelex has launched a major refresh of its international ATM estate, replacing the hardware and software of its entire portfolio of 600 ATMs across eight countries. The new portfolio unlocks a wide range of innovative new features for Travelex customers,...
BBVA Securities to pay $150,000 fine for alleged FINRA rule violations
BBVA Securities Inc has agreed to pay a fine of $150,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From at least March 2019 to August 2021, BBVA failed to establish and maintain a supervisory system, including written...
Exclusive: Pepperstone hires Anna Rodionova as Global Brand Manager
FNG Exclusive… FNG has learned that leading Australia based Retail FX and CFDs broker Pepperstone has hired Anna Rodionova as Global Brand Manager. She will be working out of Pepperstone’s offices in Cyprus. Anna Rodionova served as Brand & Strategy Lead for CFI...
Currency Speculators boosted Euro bets, cut GBP & Yen bets on Election Day :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 5th and shows a quick view of how large market...
Lean Hogs, AUD, 5-Year & 2-Year Bonds lead Bullish & Bearish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on November 5th.This weekly Extreme Positions report highlights the Most Bullish and Most...
Speculator Bets led by S&P500 & Nasdaq :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 5th and shows a quick view of how large traders...
Speculator Bets led by SOFR 1-Month & 10-Year Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 5th and shows a quick view of how large...
Speculator Bets led lower by Gold, Silver & Platinum :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 5th and shows a quick view of how large traders...
Speculator Changes led by Corn & Soybean Oil :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday November 5th and shows a quick view of how large...
FX week in review: INFINOX mgmt changes, Mike Tyson trading ads, Admirals board, Capital.com hiring
Who is the new CEO at leading online broker INFINOX? And which former brokerage CEO (OANDA, Alpari) has joined INFINOX in a senior management role? Which online broker is running ads starring boxing icon Mike Tyson as its new Brand Ambassador? Which FX and CFDs...
EUR/USD Stabilises, Considers Trump’s Impact :: InvestMacro
By RoboForex Analytical DepartmentEUR/USD is settling around 1.0785, assessing the market impact of this week’s events. With Donald Trump’s return as US President, the market is recalibrating expectations around inflation and economic policies that his administration...
Invesco Advisers to pay $17.5M penalty to settle SEC charges
The Securities and Exchange Commission (SEC) today charged Invesco Advisers, Inc. for making misleading statements about the percentage of company-wide assets under management that integrated environmental, social, and governance (ESG) factors in investment decisions....
Clearstream, Intesa Sanpaolo use Banca d’Italia solution at ECB trials
Clearstream and Intesa Sanpaolo have jointly issued and distributed a commercial paper using distributed-ledger technology (DLT). The transactions took place in the context of the ECB trials aimed at exploring the potential of DLT for settling wholesale transactions...
USDInd set for volatile price swings? :: InvestMacro
USDInd ↑ 3% year-to-dateTrump victory sends USDInd to highest level since JulyFed speeches + US CPI report = fresh volatility?US CPI sparked moves of ↑ 0.7% & ↓ 0.6% over past yearKey levels of interest – 104.80, 104.40 and 103.90With the US election done and...
ThinkMarkets becomes available in TradingView’s mobile apps
TradingView today announced an expanded integration with ThinkMarkets, a well-established partner now available on TradingView’s mobile platform. ThinkMarkets aims to democratize trading by equipping traders with all the necessary tools for navigating global markets....
World central banks continue to cut interest rates. US stock indices break records again :: InvestMacro
The Dow Jones Index (US30) closed Thursday at the opening price. The S&P 500 Index (US500) gained 0.74%. The NASDAQ Technology Index (US100) closed positive 1.54%. Meanwhile, the S&P 500 and NASDAQ indices hit new all-time highs. Stocks are rising amid...
CySEC warns of misleading posts listed on TrustPilot.com and Google Business
The Cyprus Securities and Exchange Commission (CySEC) has become aware of false and misleading posts on public review websites such as TrustPilot.com and Google Business. In these posts, users have reported incidents of individuals posing as CySEC officers or...
TradingView announces educational partnership with UANL
TradingView today announced the newest addition to its Educational Partner Program: Universidad Autónoma de Nuevo León (UANL), Mexico’s third most prominent university. This partnership will enrich students’ learning experiences and strengthen UANL’s curriculum with...
M4Markets employs Swiset AI analytics for improved IB acquisition and retention
Cyprus based Retail FX and CFDs broker M4Markets has announced a new strategic relationship with LaTAM markets focused Swiset, a cutting-edge developer of AI analytics solutions that provides brokers with IB acquisition and retention capabilities, as well as an...
HKMA imposes $4M fine on Fubon Bank
The Hong Kong Monetary Authority (HKMA) announced today that it had completed an investigation and related disciplinary proceedings in relation to Fubon Bank (Hong Kong) Limited (FBHK) under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Chapter...
SEC proposes consent judgment against “money magnet” promoter Lakenya Hopkins
Securities and Exchange Commission (SEC) has requested the Court’s approval of a proposed consent judgment against Lakenya Hopkins. Back in September 2022, the SEC charged Money Magnet Platinum Membership Initiative LLC (“MMPMI”) and its principal, LaKenya Hopkins,...
ATFX Connect and Your Bourse partner on liquidity services for Brokers
ATFX Connect, the FCA regulated institutional arm of leading online broker ATFX, has announced a new partnership with Your Bourse, a provider of Platform-as-a-Service solutions for FX and CFD liquidity management. This collaboration aims to enhance liquidity options...
FINRA imposes $115k fine on Spartan Capital Securities
Spartan Capital Securities, LLC has agreed to pay a fine of $115,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). Between June 2021 and August 2023, Spartan failed to timely respond to three requests made pursuant to FINRA Rule...
Nasdaq to implement Fat Finger check enhancements
The Nasdaq Stock Market, Nasdaq BX, and Nasdaq PSX will introduce the ability to optionally enable the Fat Finger check for ISO orders and Auction orders. Currently, ISO orders are included by default and Auction orders are excluded by default. This functionality will...
UHS, LRCX & LDOS top latest Large Cap Stocks that made our Watchlist in October :: InvestMacro
By InvestMacro ResearchThe fourth quarter of 2024 is about halfway over and today we wanted to highlight some of the top companies that have recently been added to our Cosmic Rays Watchlist. The Cosmic Rays Watchlist is the output from our proprietary fundamental...
Euronext registers 27.6% Y/Y rise in FX trading revenue in Q3 2024
Pan-European market infrastructure Euronext today published its results for the third quarter 2024. FX trading revenue was up 27.6% to record levels of €8.2 million in the third quarter of 2024, reflecting growing volumes supported by a favourable volatility...
CME Group unveils top management changes
International derivatives marketplace CME Group today announced changes among its senior management. The Board of CME Group will extend Chairman and Chief Executive Officer Terry Duffy’s contract through December 31, 2026. Lynne Fitzpatrick The company also announced...
Robinhood sees busiest overnight session for equities on US election night
Robinhood Chief Brokerage Officer Steve Quirk has posted a note on social media stating that US election night was its biggest ever overnight session for equities, at 11x Robinhood’s usual overnight notional volume. This week marked the first US presidential election...
Euronext announces share repurchase program for maximum amount of €300M
Euronext today announced a share repurchase programme for a maximum amount of €300 million. The purpose of the programme is to reduce the share capital of Euronext. All shares repurchased as part of the programme will be cancelled. The targeted period for the share...
Exclusive: Former M4Markets bizdev head Nick Jay joins Muinmos
FNG Exclusive… FNG has learned that longtime Cyprus based FX industry executive Nick Jay has joined regtech firm Muinmos. His title at Muinmos will be Business Consultant, but functionally Nick will be advising companies that require to complete KYC procedures, client...
The Trump presidency will exacerbate international relations, especially concerning China and Europe :: InvestMacro
At the end of Wednesday, the Dow Jones Index (US30) was up 3.57%. The S&P 500 Index (US500) was up 2.53%. The NASDAQ Technology Index (US100) closed up 2.74%. All 3 indices hit new all-time highs. Stocks soared after Republican candidate Trump won the presidential...
Spain CNMV Chair Rodrigo Buenaventura appointed IOSCO Secretary General
The Board of the International Organization of Securities Commissions (IOSCO) has today announced the appointment of Rodrigo Buenaventura as its next Secretary General. Rodrigo Buenaventura has been appointed for a three-year renewable term and will take up his...
Gold Retreats as Trump Victory Bolsters USD :: InvestMacro
By RoboForex Analytical Department Gold prices tumbled over 3% to 2650 USD per troy ounce amid a surging US dollar, influenced by Donald Trump’s definitive win in the US presidential election. As of Thursday, gold prices are holding steady near three-week lows,...
Options appoints Noam Siegel as VP of Sales
Options Technology today announced the appointment of Noam Siegel as Vice President of Sales. Mr Siegel brings over a decade of experience in sales, with a notable tenure at Interactive Data 7ticks and ICE serving as Manager for Connectivity & Feeds Sales. Prior...
Marex registers 32% Y/Y growth in revenues in Q3 2024
Marex Group plc (NASDAQ:MRX), a diversified global financial services platform, today announced strong results for the quarter ended 30 September 2024. Reported Profit Before Tax increased by $31.4 million, or 66%, to $79.0 million for Q3 2024, from $47.6m in the same...
B2Broker rebrands its crypto liquidity hub MarksMan as B2Connect
Dubai based broker tech and liquidity solutions provider B2Broker has announced a major rebranding and technical upgrade of its crypto liquidity hub, previously known as MarksMan LDE. Now called B2Connect, the platform provides crypto brokers and exchanges with...
New release of Genesis Application Platform offers new app preview tool
Version 8.5 of the Genesis Application Platform delivers new capabilities that boost developer efficiency and productivity throughout the build process. A quick, flexible way to test and interact with working changes is key for a productive developer experience. To...
Exclusive: NAGA engages Mike Tyson as Brand Ambassador
FNG Exclusive… FNG has learned that social trading focused online broker NAGA has engaged legendary boxer Mike Tyson as Brand Ambassador, to launch its new branding campaign, “NAGA: Your Go-to App for Everything Money.” In a humorous “slice of life” video, audiences...
Plus500 addresses shareholder issues with Director and Executive pay
Israel based Retail FX and CFDs broker Plus500 (LON:PLUS) has issued an update on the actions taken following the voting outcomes at its Annual General Meeting held on 7 May 2024. Plus500’s 2024 AGM At the 2024 AGM, one resolution proposed passed with more than 20% of...
Saxo announces enhancements to Day P/L Visibility in Positions Module
Multi-asset investment specialist Saxo Bank has announced upcoming enhancements to Day P/L Visibility in Positions Module. The Day P/L column will be integrated into the Positions module across GO, PRO and Investor platforms at the end of November. This will allow...
Capital.com set to double technology team as monthly volumes top $150 billion
Leading Retail FX and CFDs broker Capital.com has announced that total client trading volumes reached over $450 billion in Q3 2024 (+ $150 billion monthly), a 20% increase from Q2 2024, affirming the company’s steady growth trajectory. Over the same period, new user...
Spotex hires DeFi expert Leo Hmelnitsky as CSO Digital Assets
FX and digital assets tech and liquidity solutions provider Spotex LLC has announced the appointment of Leo Hmelnitsky as Chief Strategy Officer, Digital Assets. In his new role, Leo will be based in San Francisco reporting to Spotex CEO, John Miesner. Leo Hmelnitsky...
Exclusive: BP Prime sees 7x Revenue jump in FY2024 to £16M in refocus on Professional clients
FNG Exclusive… FNG has learned via regulatory filings that FCA regulated Black Pearl Securities Limited, which operates the BP Prime online trading brand, has seen a huge, nearly seven-times rise in its Revenues in fiscal year 2024 (year ended March 31), as the...
Euronext Dublin stocks become available on TradingView
A new set of data is now available on TradingView — stocks from Euronext Dublin (formerly the Irish Stock Exchange). This addition opens doors for users looking to access a wider range of companies and markets directly from their charts. The Irish Stock Exchange was...
USDJPY Hits 14-Week High Amid US Election Dynamics :: InvestMacro
By RoboForex Analytical Department The USDJPY pair has surged to a 14-week peak, touching 153.83 as demand for the US dollar strengthens with the unfolding US presidential election. This rally aligns with increasing support for Donald Trump, whose lead in critical...
FP Markets partners with trading signal provider app xsee
Retail FX and CFD broker FP Markets today announced its partnership with xsee, a next-generation trading signal provider application. The collaboration enables FP Markets’ clients to receive and utilise xsee’s trading signals directly within their live trading...
FINRA imposes $225k fine on XP Investments US
XP Investments US, LLC has agreed to pay a fine of $225,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From June 2017 through February 2018, XP recommended three private placements to its customers without conducting reasonable...
UK advertising watchdog slams CurrencyWave for misleading ad
The UK advertising watchdog ASA today published its ruling on a complaint by The Transparency Task Force against CurrencyWave. The ad in question appeared on a website for CurrencyWave, www.currencywave.com, a foreign currency payments service, seen on 7 March 2024....
Coinbase launches new Engineering Hub in Singapore
Coinbase today announced the launch of our new Engineering Hub in Singapore, with the aim of fostering the local developer ecosystem. Coinbase is partnering with the Singapore Economic Development Board to launch the Hub. With the Engineering Hub, the company hopes to...
Saxo warns handling of pre-trade disclaimers to become mandatory for OpenAPI apps
Multi-asset investment specialist Saxo Bank has warned of changes that will affect OpenAPI apps. Handling of pre-trade disclaimers will become mandatory for all OpenAPI apps from May 2025, so it’s important to start implementing proper support for them in OpenAPI...
Nium, Partior partner on real-time, cross-border payments, clearing and settlement
Nium, a global infrastructure for real-time cross-border payments, today announced a partnership with Partior, a blockchain-based fintech for clearing and settlement. The partnership makes Nium the first fintech payment service provider (PSP) on the Partior network....
Standard Chartered, Ant International announce intra-group blockchain-based SGD settlement
Standard Chartered and Ant International today announced the successful completion of SGD-denominated liquidity transfers between its entities using Ant International’s blockchain-based Whale platform. To enable this transaction, Standard Chartered plugged into Ant...
HK regulator bans former responsible officer of Tarascon Capital Management for 15 years
The Securities and Futures Commission (SFC) of Hong Kong has prohibited Mr Jonathan Dominic Iu Wai Ching from re-entering the industry for 15 years. The disciplinary action follows the Market Misconduct Tribunal’s (MMT) determination that Iu, a former responsible...
Nomura issues statement on arrest of former employee
Nomura today issued a statement on the arrest of a former employee of Nomura Securities. The company confirmed that on October 30, 2024, a former employee of Nomura Securities was arrested by Hiroshima Prefecture police on suspicion of robbery, attempted murder, and...
EURUSD Stabilises as US Presidential Election Unfolds :: InvestMacro
By RoboForex Analytical DepartmentEURUSD remains poised around 1.0878 as markets brace for the outcome of the highly anticipated US presidential election. With the world watching, the direction of the major currency pair will hinge significantly on the election...
FX and CFDs industry recruiter Juri Kartakov (re)joins Admirals board
Estonia based Retail FX and CFDs broker Admirals Group AS has announced that it has appointed Juri Kartakov as a new member of the Supervisory Board of the Company, effective from 01.10.2024. The Supervisory Board is equivalent to the company’s Board of Directors....
Purpose Investments expands Yield Shares ETF suite listed on Cboe Canada
Cboe Canada Inc. welcomes Purpose Investments as they add two new tickers to their existing suite of Yield Shares funds, single stock focused ETFs designed to offer monthly distributions and long-term exposure to U.S. listed stocks. The new Yield Shares ETFs are now...
CySEC extends further suspension of FTX authorisation
The Cyprus Securities and Exchange Commission (CySEC) has provided an update on the suspension of the authorisation of the Cyprus Investment Firm FTX (EU) Ltd. The suspension is extended until May 30, 2025 so that the company may proceed with the necessary actions in...
ICE Futures U.S. announces New York office relocation
The New York office of ICE Futures U.S., Inc. is moving. Starting on November 18, 2024, the new address will be: ICE Futures U.S. 1345 Avenue of the Americas, 7th Floor New York, NY 10105 Intercontinental Exchange, Inc. (NYSE:ICE) is a Fortune 500 company that...
Broadridge registers drop in net earnings in Q1 FY25
Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the first quarter of its fiscal year 2025. Total revenues for the three months to end-September 2024 decreased 1% from the year-ago period to $1,423 million. Recurring revenues...
eToro warns of increased market volatility due to US elections
Online broker eToro has published a warning notice to traders regarding the possibility of increased market volatility as the U.S. election is set for a tight finish. The broker noted: “The market could be very volatile, so keep a close eye on your trades and set...
One Equity Partners completes sale of Dragonfly Financial Technologies to FIS
One Equity Partners (OEP), a middle market private equity firm, today announced it has completed its sale of Dragonfly Financial Technologies, a digital business banking and cash management solutions provider, to FIS, a global leader in financial technology. Financial...
Westpac announces retirement of Christine Parker, Group Exec, HR
Westpac CEO, Peter King has announced the retirement of Christine Parker, Group Executive, Human Resources. Christine Parker Christine Parker has been with Westpac for 17 years. She joined in 2007 as General Manager, People at Westpac New Zealand before moving to...
INFINOX UK returns to profitability in FY2024 as retail business closed, Robert Berkeley departs
INFINOX Capital Limited, the London based, FCA regulated arm of global online brokerage INFINOX, has released its financial results for FY 2024 (March 31 fiscal year end), indicating a return to profitability for the company as it shifts its focus to institutional...
OptAxe hires FX industry vet Chris Smith to head Business Development
OptAxe, a fully regulated, centralised trading venue for liquidity discovery, dissemination and execution, has announced that FX industry veteran Chris Smith is joining the management team as Chief Business Development Officer. The appointment follows OptAxe receiving...
Interactive Brokers unveils charting enhancements in IBKR Desktop platform
Electronic trading major Interactive Brokers has unveiled a raft of charting enhancements in the latest beta release of its IBKR Desktop platform. Now you can easily compare multiple symbols directly on a single chart. With the Symbol Comparison feature, add multiple...
HKEX to automate ETP servicing capabilities through web-based platform
Hong Kong Exchanges and Clearing Limited (HKEX) has unveiled plans to digitise and automate the in-kind creation and redemption process for relevant exchange-traded products (ETP) in 2025 through the adoption of a web-based platform, subject to technical readiness and...
OTP Group selects Integral technology to upgrade FX trading operations
Integral, a leading currency technology provider to the financial markets, has announced that Hungary based banking concern OTP Group has selected its technology to upgrade its global FX trading operations. OTP Group has chosen Integral’s liquidity aggregation,...
Morgan Stanley to pay $1M fine for alleged violations of FINRA rules
Morgan Stanley & Co LLC has agreed to pay a fine of $1 million as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From August 2019 through June 2023, Morgan Stanley failed to establish, document, and maintain a system of risk...
How might markets react to Harris or Trump win? :: InvestMacro
By ForexTimeMarkets predict Trump win; polls say race too close to callTrump win: further boost USD, Bitcoin, RUS2000, US stocks (oil, banks, cryptos)Harris win: likely positive for EUR, CNH, MXN, Chinese and European indexes, green energy stocksSplit Congress: USD...
SEC charges Wahed Invest with Marketing Rule violations
The Securities and Exchange Commission (SEC) has announced settled charges against Wahed Invest, LLC, a registered investment adviser based in New York, for violating the Marketing Rule. The order finds that Wahed disseminated advertisements containing paid...
Stock indices rise on weak US labor market report. In Switzerland, there is a further decline in inflation :: InvestMacro
On Friday, the Dow Jones (US30) rose 0.69% (for the week -0.50%). The S&P 500 Index (US500) gained 0.41% (for the week -1.80%). The NASDAQ Technology Index (US100) closed positive 0.72% (for the week -2.06%). Stocks in the US closed sharply higher on Friday,...
Nasdaq issues reminder on market wide circuit breakers
Nasdaq today issued a reminder regarding the procedures for coordinated cross-market trading halts in the event of a severe market price decline. These procedures, known as market wide circuit breakers “MWCB”, may halt trading temporarily or, under extreme...
Brent Crude Rises as OPEC+ Delays Production Increase :: InvestMacro
By RoboForex Analytical Department Brent crude oil prices climbed above 74 USD per barrel following OPEC+’s announcement to delay its production increase originally scheduled for December. This decision marks the second postponement by OPEC+ amid persistent global...
CFI sponsors Arabian Gulf Cup – Khaleeji Zain 26 – in Kuwait
CFI, the region’s leading online trading provider, has announced its role as the Official Sponsor of the Arabian Gulf Cup, Khaleeji Zain 26, taking place in Kuwait from December 21st until January 3rd. This partnership underscores CFI’s commitment to supporting local...
FIS appoints Kourtney Gibson to its BoD
FIS (NYSE:FIS) today announced the appointment of Kourtney Gibson to its Board of Directors. Her appointment increases the size of the Board from nine to ten directors, nine of whom, including Ms. Gibson, are independent. “We are pleased to welcome Kourtney to the FIS...
Daniel Skowronski joins INFINOX as Group Executive Director
Leading online broker INFINOX has announced the appointment of Daniel Skowronski as Group Executive Director. With an extensive career spanning over three decades in finance and technology, Daniel will lead strategic initiatives across the INFINOX group, based out of...
Wise granted access to Philippines’ InstaPay
Wise has been granted direct access to InstaPay, the Philippines’ real-time payment system, and can also directly settle with the Bangko Sentral ng Pilipinas’ (BSP) real-time gross payment system, PhilPaSS Plus. Wise’s direct connection to InstaPay will enhance the...
LCH names Michel Semaan Global Head of RepoClear
LCH today announced that Michel Semaan has joined as the new Global Head of RepoClear. Mr Semaan will lead RepoClear in the next phase of growth across Europe and the UK, focusing on the expansion of its clearing membership and the development of RepoClear’s Sponsored...
Saxo white label partners to gain access to Omnibus Sub-account transfers in Saxo Tools
In the first half of November 2024, all white label partners of multi-asset investment specialist Saxo Bank will gain access to Omnibus Sub-account transfers in Saxo Tools. This functionality allows users to transfer cash between top-level accounts seamlessly. By...
Interactive Brokers adds several new indicators in IBKR Desktop platform
Electronic trading major Interactive Brokers has launched Version 0.11 (Beta release) of the IBKR Desktop platform, adding a slew of new indicators. The list of new indicators includes: This classic technical indicator identifies potential support and resistance...
OANDA offers traders to explore US Presidential elections influence on financial markets
Online trading company OANDA is offering traders to explore the intricate relationship between US Presidential elections and the global financial markets. With President Joe Biden withdrawing from the presidential race, the US are set for an election without the...
Pepperstone offers expert insights and analysis to trade the 2024 US election
Retail FX and CFD broker Pepperstone offers traders to get expert insights and analysis to trade the 2024 US election with the broker. The company is offering a special section on its website, called US Election Hub. The US Election Dashboard displays data from...
Speculator Bets led by S&P500 & Nasdaq Minis :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday October 29th and shows a quick view of how large traders...
Currency Speculators continue to shed Euro bets for 5th week :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday October 29th and shows a quick view of how large market...
Speculator Bets led by Corn & Live Cattle :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday October 29th and shows a quick view of how large...
Speculator bets led by Palladium & Steel :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday October 29th and shows a quick view of how large traders...
Platinum, Australian Dollar & Steel lead Bullish Bets :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on October 29th.This weekly Extreme Positions report highlights the Most Bullish and Most...
Speculator Bets led by Ultra Treasury Bonds & US Treasury Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday October 29th and shows a quick view of how large...
FX week in review: CySEC forcing FXOpen ownership change, Spotware’s new CMO, EBC Australia head
As we close the books on October, we’re pleased to report that FNG had, once again, another record month of website traffic, social media engagement, email newsletter subscribers… This time traffic growth has been driven by rapidly rising Search traffic. And according...
Interactive Brokers registers 46% Y/Y increase in DARTs in October 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just reported its key operating metrics for October 2024. The broker reported 2.823 million Daily Average Revenue Trades (DARTs) for October 2024, 46% higher than in October 2023 and 7% higher...
US500 braces for US election/Fed showdown :: InvestMacro
US500 ends October ↓ 1%, still up ↑ 20% YTDApril & October only negative trading months this yearUS election & FOMC decision = big price swings?Fed expected to cut rates by 25bp in NovemberTechnical levels – 5770, 5675 & 5600 FXTM’s US500, which tracks the...
SIX welcomes abrdn Investments as new ETF issuer
Today, SIX welcomed abrdn Investments as its latest issuer of Exchange-Traded Funds (ETFs) with their new real estate product. This addition brings the total number of ETF at SIX Swiss Exchange to 1,845 across 28 issuers. The newly listed ETF “abrdn Future Real Estate...
Investors’ main focus today is on the NonFarm Payrolls report. Iran is preparing for a new attack on Israel :: InvestMacro
At the end of Thursday, the Dow Jones (US30) Index was down 0.90%. The S&P 500 Index (US500) was down 1.86%. The NASDAQ Technology Index (US100) closed lower by 2.44%. Disappointing earnings forecasts from major tech giants Microsoft (MSFT) and Meta (META) raised...
Cboe registers 9% Y/Y increase in global FX revenues in Q3 2024
Cboe Global Markets, Inc. today reported financial results for the third quarter of 2024. Global FX record net revenue of $20.0 million increased 9% from the year-ago period, primarily due to higher net transaction and clearing fees. ADNV traded on the Cboe FX...
US dollar pressure remains strong :: InvestMacro
By RoboForex Analytical DepartmentThe AUD/USD pair fell to 0.6566 on Friday, marking its lowest since early August. The US dollar continued to strengthen last night, bolstered by signs of resilience in the US economy. Additionally, investors hold significant...
Broadridge closes acquisition of Kyndryl SIS
Global fintech company Broadridge Financial Solutions, Inc. (NYSE:BR) has completed its previously announced acquisition of Kyndryl’s Securities Industry Services (SIS) platform, which provides wealth management and capital markets software solutions to Canadian...
StanChart completes first HKD blockchain test settlement with Ant International’s Whale platform
Standard Chartered and Ant International today announced the successful completion of HKD-denominated intra-group transactions between Ant International entities. Ant International will apply the Treasury management principles to move funds between entities using its...
CMC Markets enters into a long-term strategic partnership with ASB Bank
CMC Markets plc (LON:CMCX) has signed an agreement to enter into a long-term strategic partnership with major New Zealand financial institution ASB Bank. Following an integration period, CMC will provide ASB clients with access to market-leading technology and...
City Index launches US Presidential Election Hub
Retail FX and CFD broker City Index has launched the City Index 2024 US Presidential Election Hub. The dedicated webpage on City Index’s website offers traders to make City Index their trusted trading partner this election. From real-time data and expert commentary to...
Saxo Bank to make changes to Trade Ticket in its GO and PRO platforms
Multi-asset investment specialist Saxo Bank will soon make changes to the Trade Ticket in its GO and PRO platforms. Effective Monday, 4 November 2024, the default order duration in the Trade ticket will change from Good till Canceled (GTC) to Day Order. This update...
Jayne-Anne Gadhia succeeds Clive Kahn as Non-Exec Chairman of Alpha Group
Alpha Group International plc (LON:ALPH), a global provider of financial solutions to corporates and institutions, today confirmed that Jayne-Anne Gadhia has succeeded Clive Kahn as Non-executive Chairman, following her initial tenure as Non-executive Chairman...
Turkish Competition Board approves proposed acquisition of Hargreaves Lansdown
On 31 October 2024, the Turkish Competition Board unconditionally approved in writing the acquisition of Hargreaves Lansdown plc (LON:HL). Hargreaves Lansdown is set to be acquired by Harp Bidco Limited, a newly formed company indirectly owned by CVC Private Equity...
FxPro introduces BNB CFD trading
Retail FX and CFD broker FxPro announced today that Binance Coin (BNB) is now available as a CFD for trading at FxPro. This addition allows FxPro clients to diversify their crypto portfolio with one of the leading coins in the market, benefiting from the flexibility...
Exclusive: CMTrading exec Giorgos Piskopianos leaves to launch prop trading firm PropXP
FNG Exclusive… Yet another retail prop trading firm is born. FNG has learned that Cyprus based FX industry executive Giorgos Piskopianos has left his position at MENA-focused Retail FX and CFDs broker CMTrading, to launch a new prop firm, called PropXP (website...
CMC Markets ups New Zealand presence becoming NZX market participant
UK based online broker CMC Markets plc (LON:CMCX) has announced its intention to apply for accreditation as an NZX Trading and Clearing Participant in 2025. CMC Markets said it intends to lodge an application for accreditation as an NZX Trading and Clearing...
CME Group registers record OI in Henry Hub futures
International derivatives marketplace CME Group today announced that open interest in its global benchmark Henry Hub futures contract reached a record 1.73 million contracts on October 30, 2024 as international participation is at all-time highs. “As the U.S. exports...
ESMA to directly supervise two additional data reporting services providers
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, published today the annual assessment of the derogation criteria for data reporting services providers (DRSPs). Two entities currently supervised at national...
Match-Trader platform adds Prop Trading Tournaments
Multi-asset trading platform provider Match-Trade Technologies has announced that it has introduced a series of updates to its Match-Trader platform during the month of October 2024, which include a comprehensive range of improvements across its ecosystem covering...
Binance to use AWS Cloud to enhance user onboarding experience
Cryptocurrency firm Binance announced today that it will leverage Amazon Web Services’ cloud services to improve the user onboarding experience, customer support, and internal automated system diagnostics and troubleshooting on Binance. Binance is implementing...
Stock indices under pressure ahead of US elections. Oil strengthened due to lower inventories :: InvestMacro
The Dow Jones (US30) Index was down 0.22% on Wednesday. The S&P 500 Index (US500) was down 0.33%. The NASDAQ Technology Index (US100) closed lower by 0.79%. Stocks gave up early gains and suffered moderate losses as declines in chip company stocks impacted the...
Marex Group announces pricing of $600M Senior Notes offering
Diversified global financial services platform Marex Group plc (NASDAQ:MRX) today announced the pricing of a public offering of $600 million aggregate principal amount of its 6.404% Senior Notes due 2029. The Notes will be issued at a price to the public equal to...
Expert Says Secondary Metals Will Star in New Bull Market :: InvestMacro
Major periods of rising gold prices since 1971 have included the 1970s and the 2000s. Many experts believe we’ve started a new period of such expansion now.Spot prices touched a new record of US$2,769.02 per ounce on Tuesday “as the run-up to the 2024 presidential...
BGC Group registers 15.4% Y/Y increase in Forex revenues in Q3 2024
BGC Group, Inc. (NASDAQ:BGC) today reported its financial results for the third quarter ended September 30, 2024. In the third quarter of 2024, Foreign Exchange revenues increased by 15.4% to $92.1 million, primarily driven by emerging markets products and higher G10...
ICE registers rise in revenues in Q3 2024
Intercontinental Exchange (NYSE:ICE) today reported financial results for the third quarter of 2024. For the quarter ended September 30, 2024, consolidated net income attributable to ICE was $657 million on $2.3 billion of consolidated revenues, less transaction-based...
Exclusive: cTrader operator Spotware hires Roman Snegirev to head Marketing
FNG Exclusive… FNG has learned that cTrader platform developer Spotware Systems has hired Roman Snegirev, as the company’s new Head of Marketing. In this role, Roman will lead Spotware’s strategic marketing efforts to expand the reach of its flagship trading platform,...
Devexa launches wealth management customer support capabilities
Devexa, the AI-powered virtual assistant and chatbot from global software developer for the capital markets industry, Devexperts, has launched a series of wealth management support features, designed to enhance wealth managers’ customer support offering. The new...
SEC files lawsuit against Dusan Varga and Pannon Investment Advisors
The Securities and Exchange Commission (SEC) has filed a lawsuit against Dusan Varga and Pannon Investment Advisors LLC. The SEC complaint, seen by FX News Group, was submitted at the Florida Southern District Court on October 30, 2024. From May 2020 to at least...
Nomura Securities pays JPY 21.76M fine imposed by Japan’s FSA
Nomura Holdings, Inc. today issued a statement on the administrative action taken by Japan’s Financial Services Agency. Following a recommendation issued on September 25, 2024, by Japan’s Securities and Exchange Surveillance Commission, yesterday Japan’s Financial...
CoinShares appoints Lisa Avellini as Group General Counsel
CoinShares International Limited, a European investment company specialising in digital assets, today named Lisa Avellini its Group General Counsel. Her appointment is effective November 4, 2024. Ms Avellini brings a wealth of valuable experience to CoinShares, with...
Peter Garnry to step down as Saxo’s Chief Investment Strategist
Multi-asset trading and investment specialist Saxo announced today that Chief Investment Strategist, Peter Garnry, will be leaving his role after more than 14 years. During his tenure, Garnry has been part of building Saxo Bank’s reputation for insightful financial...
XTB makes nice recovery in Q3-2024 with Revenues up 23%, Profits rise 27%
Following a disappointing Q2, Poland based Retail FX and CFDs broker XTB (WSE:XTB) has reported its preliminary results for Q2 2024 indicating a nice bounce-back in the third quarter of the year, although activity (and profitability) did not return to record Q1...
NAGA Group first half 2024 results: Revenues €31.7M, EBITDA €2.8M
Social and copy trading focused Retail FX and CFDs broker The NAGA Group AG (ETR:N4G) has issued its first half 2024 report, providing some more insight into the operations and status of the company following its acquisition by CAPEX.com operator Key Way Group. We had...
GBPUSD could be in for mid-week “sneaky surprise” :: InvestMacro
GBPUSD’s forecasted volatility jumps 24% over past weekUK government set to issue most debt since 2020US Treasury refunding announcement in focusFriday’s US NFP triggered GBPUSD moves of ↑ 0.5% & ↓ 0.6% over past yearBloomberg FX model: GBPUSD has 73% of trading...
MUFG Bank goes live on CLSNet
MUFG Bank has gone live on CLSNet, CLS’s bilateral payment netting calculation service for over 120 currencies. MUFG is the latest participant to go live on the service, which includes eight of the top ten global banks. The average daily netted value in CLSNet has...
AUD/USD Continues Downward Spiral Amid Economic Concerns :: InvestMacro
By RoboForex Analytical Department The Australian dollar remains under significant pressure, with AUD/USD extending its downtrend mid-week to reach 0.6539, the lowest since August. The decline, which began on 1 October, has been relentless, with the pair experiencing...
NinjaTrader partners with Anthony Crudele on exclusive content
NinjaTrader, a fintech platform for retail futures trading, today announced a partnership with industry expert Anthony Crudele to distribute exclusive content through the company’s livestream offerings. Crudele will also assume the role of Senior Vice President of...
Australia has seen a sharp decline in inflationary pressures. Silver rose to $34 an ounce :: InvestMacro
At the end of Tuesday, the Dow Jones Index (US30) fell by 0.36%. The S&P 500 Index (US500) was up 0.16%. The NASDAQ Technology Index (US100) closed higher by 0.98%.The latest data from the JOLTs report showed that job openings are at their lowest level since...
Binance appoints Jeff Li as VP of Product
Binance has announced the appointment of Jeff Li as its new Vice President of Product. Bringing over 16 years of experience in both Web2 and Web3 product leadership and software engineering, Li will oversee the expansion and enhancement of Binance’s product suite....
PayPoint completes investment in obconnect
PayPoint today confirmed that it has successfully completed its strategic investment in Open Banking technology provider obconnect, following FCA approval. PayPoint now holds a 55.3% position in the business. This investment enables the Group to further leverage their...
Tradeweb registers 36.7% Y/Y increase in revenues in Q3 2024
Tradeweb Markets Inc. (NASDAQ:TW), a global operator of electronic marketplaces for rates, credit, equities and money markets, today reported its financial results for the quarter ended September 30, 2024. The company posted $448.9 million of revenues in the third...
IG Group appoints Clifford Abrahams as CFO
Electronic trading major IG Group Holdings plc (LON:IGG) today announced the appointment of Clifford Abrahams as Chief Financial Officer (CFO) and as an Executive Director. He will join the Board and take up his role as CFO with effect from 16 December 2024. Clifford...
Exness selects Centroid Bridge to enhance liquidity offering
Centroid Solutions, a leading technology provider for brokers, has announced that Exness, one of the world’s largest Retail FX and CFDs brokers which has also expanded its services by offering B2B liquidity, has selected Centroid Bridge to extend its prime liquidity...
Clifford Abrahams to step down as CFO of Virgin Money
Virgin Money announced today that Clifford Abrahams, Chief Financial Officer (CFO), has informed the Board of his decision to step down from his position. Mr Abrahams will be leaving the company to pursue a new opportunity at another organisation. Clifford Abrahams...
CAB Payments continues discussions with StoneX on possible acquisition offer
CAB Payments Holdings plc (LON:CABP) today provided an update on talks with StoneX Group Inc on potential acquisition offer. As announced on 10 October 2024, CAB Payments received an unsolicited non-binding proposal from StoneX relating to a possible cash offer for...
HKEX plans to open office in Riyadh in 2025
Hong Kong Exchanges and Clearing Limited (HKEX) plans to open an office in Riyadh in 2025. The new office will strengthen HKEX’s Middle East presence as the Group looks to promote greater connectivity between China and the Gulf region, aiming to facilitate new...
Visa enables users to seamlessly push virtual cards to mobile wallet ecosystems
Digital payments provider Visa Inc (NYSE:V) announced new capabilities that enable frictionless, provisioned virtual card push-to-wallet experiences. Users can now seamlessly push virtual cards to mobile wallet ecosystems including Apple Pay and Google Pay, with...
CME Group secures NFA approval to establish Futures Commission Merchant
International derivatives marketplace CME Group today announced it has received approval from the National Futures Association (NFA) to establish a futures commission merchant (FCM). “We are pleased that the NFA has approved our FCM application,” said Terry Duffy,...
Paysafe partners with Deutsche Bank to provide private customers with easy access to cash services
Paysafe (NYSE:PSFE) has partnered with Deutsche Bank AG to provide private customers with easy access to cash services. Powered by Paysafe’s barcode solution, Paysafecash (marketed in Germany as “viacash”), banking customers in Germany will be able to deposit and...
Bitcoin has reached the $70,000 mark. The Canadian dollar fell to last year’s lows :: InvestMacro
The Dow Jones (US30) rose 0.65% on Monday. The S&P 500 Index (US500) was up 0.27%. The NASDAQ Technology Index (US100) closed at its opening price. Stocks rose amid lower geopolitical risks in the Middle East after Israel launched only a limited retaliatory strike...
FXOpen owner Aliaksandr Klimenka has voting rights suspended by Cyprus regulator CySEC
Cyprus financial regulator CySEC has announced that at its meeting held on 29 July 2024 it decided that the influence exercised by Aliaksandr Klimenka, as sole indirect shareholder of CIF licensed company FXOpen EU Ltd is prejudicial to the sound and prudent...
Brent Crude Oil Experiences Sharp Price Decline :: InvestMacro
By RoboForex Analytical Department Brent crude oil prices have significantly decreased, reaching 71.46 USD per barrel on Tuesday. Prices fell nearly 6% earlier in the week, marking the most prominent daily drop in two years. The price reduction reflects the market’s...
FOREX.com partners with Kalshi on US election trading
Retail FX broker FOREX.com today announced a new partnership with Kalshi, an exchange for trading on the outcome of future events. This partnership enables traders to trade FX markets with FOREX.com while expressing a view on the US Presidential Election through...
TradingView partners with Indian Institute of Management Tiruchirappalli
TradingView has announced a collaboration with the Indian Institute of Management Tiruchirappalli (IIM Trichy). Established by the Government of India on January 4, 2011, IIM Trichy is the eleventh addition to the Indian Institutes of Management (IIM) network, a...
Travelex undertakes major UAE expansion
UK based foreign exchange brand Travelex has announced that the company has undertaken a major expansion in the UAE, with the launch of 13 new stores across Abu Dhabi and Dubai airports. At Zayed International Airport, Travelex is doubling its store footprint from...
Hargreaves Lansdown registers rise in revenues in Q1 FY25
Hargreaves Lansdown plc (LON:HL) today issued a trading update in respect of the three months ended 30 September 2024. Total revenue in the quarter amounted to £196.5 million, up from £183.8 million, registered in Q1 2024. The rise reflected increased dealing volumes...
CME Group reports first trades of Spodumene futures
International derivatives marketplace CME Group today announced its new Spodumene CIF China (Fastmarkets) futures have launched and are available for trading. A total of 29 contracts traded on the first day, with participation from a number of firms including JA...
SIX welcomes DWS Xtrackers as latest issuer of crypto ETPs
Today, SIX welcomed DWS Xtrackers as the latest issuer of Exchange-Traded Products (ETPs) with cryptocurrency underlyings. DWS Xtrackers lists in total two new products, one on Bitcoin and one on Ethereum. With this launch, DWS Xtrackers becomes the 17th issuer of...
OKX picks Standard Chartered as third-party crypto custodian for its global institutional business
OKX, a cryptocurrency exchange, today announced the appointment of Standard Chartered as a third-party crypto custodian for its global institutional business. The custody agreement with Standard Chartered is a significant addition to OKX’s comprehensive suite of...
CFTC goes after NOLA FX Capital, Meteor LLC, Michael DePetrillo
The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against NOLA FX Capital, Meteor LLC, and Michael DePetrillo. The CFTC complaint was submitted on October 25, 2024 at the Louisiana Eastern District Court. From at least July 2017 and continuing...
Exclusive: Exinity country manager for Colombia Geofrey Briñez moves to CAPEX.com
FNG Exclusive… FNG has learned that Retail FX and CFDs broker CAPEX.com has hired Geofrey Briñez as Country Manager for Colombia. Geofrey Briñez joins CAPEX.com from rival broker Exinity, where he held a similar role. Geofrey was also previously Business Development...
Citi to use Google Cloud’s Vertex AI platform
Citi and Google Cloud have joined forces in a multi-year agreement to support Citi’s digital strategy through cloud technology and artificial intelligence (AI). This collaboration focuses on modernizing Citi’s technology infrastructure and enhancing employee and...
StoneX opens new offices in Pune and Bengaluru
StoneX Group Inc (NASDAQ:SNEX), a financial services company that owns retail FX brands such as FOREX.com and City Index, has announced the opening of its new offices in Pune and Bengaluru, with a collective capacity of 800 seats. This marks a significant expansion of...
how colonial history explains why strong institutions are vital to a country’s prosperity – expert Q&A :: InvestMacro
By Renaud Foucart, Lancaster University This year’s Nobel memorial prize in economics has gone to Daron Acemoglu and Simon Johnson of the Massachusetts Institute of Technology and James Robinson of the University of Chicago for their work on why there are such vast...
Marqeta introduces BNPL solution Marqeta Flex
Modern card issuing platform Marqeta (NASDAQ:MQ) today unveiled its Marqeta Flex solution. The innovative solution that revolutionizes the way BNPL payment options can be delivered inside payment apps and wallets, surfacing them at the moment of need within an...
Exclusive: ACY exec Kris Wang joins EBC to head Australia business
FNG Exclusive… FNG has learned that China-centric Retail FX and CFDs broker EBC Financial is continuing to build out its Australia business, hiring experienced industry executive Kris Wang as Country Head – Australia. Kris Wang joins EBC after spending the past two...
Corpay forecasts Q3 2024 revenues to be at $1.029bn
Corpay, Inc. (NYSE:CPAY), a corporate payments company, today announced certain preliminary financial results for its third quarter ended September 30, 2024. Revenue for the third quarter of 2024 is expected to be $1.029 billion. Same store sales remained stable...
EUR/USD Weakens Amid Global Economic Uncertainty and Strong US Dollar :: InvestMacro
By RoboForex Analytical Department The EUR/USD pair began the week around 1.0789, reflecting heightened global economic uncertainties and a strong inclination towards safe-haven assets. The appeal of the US dollar is bolstered by rising US government bond yields and...
MUFG Bank launches liquidity trading portal MUFG CashFolio
MUFG Bank, Ltd. announced today the launch of MUFG CashFolio, its new liquidity trading portal leveraging LiquidityDirect from The Bank of New York Mellon Corporation (BNY). Developed as an extension of MUFG’s liquidity services, MUFG CashFolio is a powerful online...
Oil, Yen tumble after weekend turmoil :: InvestMacro
By ForexTimeIsrael avoids attacking Iran’s oil facilitiesBrent sank 4% as markets refocus on global oversupplyJapan’s ruling coalition loses majority in snap electionsJapan’s political risks send USDJPY to 3-month highBloomberg model: USDJPY set to trade between 150 –...
Nium launches real-time bank account verification solution
Nium, a global infrastructure for real-time cross-border payments, today announced the launch of Nium Verify, a real-time bank account verification solution for businesses and individual accounts, available across 50 markets. Designed to empower businesses with...
Robinhood rolls out US Presidential Election event contracts
US neobroker Robinhood (NASDAQ:HOOD) has announced the launch of presidential election event contracts, ahead of the November 5 US general election. The contracts will be offered by its Robinhood Derivatives, LLC (RHD) unit. Event contracts allow customers to trade on...
Exclusive: AUS Global adds UAE SCA license, hires MultiBank exec Tawfiq Mashaqi
FNG Exclusive… FNG has learned that Retail FX and CFDs broker AUS Global has taken some steps to continue building out its presence in the MENA region, beginning with the addition of a UAE SCA Category Five license. AUS Global has also added to its team in Dubai...
FCA imposes £350k fine on Wise CEO Kristo Käärmann
The UK Financial Conduct Authority (FCA) has fined Mr Käärmann, the CEO of Wise plc and senior manager of Wise Assets UK Ltd, £350,000 for breaching a senior manager conduct rule. In February 2021, Mr Käärmann paid a significant fine to HM Revenue & Customs (HMRC)...
HKMA partners with Banco Central do Brasil on cross-border tokenisation initiatives
The Hong Kong Monetary Authority (HKMA) announced today a partnership with Banco Central do Brasil (BCB) to conduct cross-border tokenisation experiments under Project Ensemble and Drex pilot programme. The two institutions will link their experimental central bank...
Plus500 registers 11% Y/Y increase in revenues in Q3 2024
Retail CFD and FX broker Plus500 Ltd (LON:PLUS) today provided a trading update for the three-month period ended 30 September 2024. Revenue for Q3 2024 increased by 11% to $187.3m (Q3 2023: $168.1m), including trading income of $173.2m (Q3 2023: $153.7m) and interest...
Exclusive: Daman Markets hires ICM exec Samer Fakhridin to head Trade Operations
FNG Exclusive… FNG has learned that newly launched, MENA focused Retail FX and CFDs broker Daman Markets has made another addition to its senior management team, hiring experienced industry executive Samer Fakhridin as Head of Trade Operations and Support. Samer...
FX week in review: Saxo Bank buyers emerge, Banxso license suspended, prop firm launch, BDSwiss offshore
Which buyers have (reportedly) shown interest in placing an offer to buy Copenhagen based Retail FX and CFDs broker Saxo Bank, whose shareholders have effectively put it up for sale? Why did South Africa regulators suspend the license of CFDs broker Banxso – and place...
5 Ranked Stocks that Made Our Watchlist Last Quarter :: InvestMacro
By InvestMacro ResearchThe fourth quarter of 2024 is under way and with the bulk of earnings reports still to come we wanted to highlight some of the top companies that had been added to our Cosmic Rays Watchlist from the last quarter.The Cosmic Rays Watchlist is the...
SFC secures court order to freeze $6.35bn of assets belonging to suspected manipulators of Ding Yi Feng shares
The Court of First Instance has granted an interim injunction order against 11 suspected manipulators of shares of Ding Yi Feng Holdings Group International Limited in proceedings brought by the Hong Kong Securities and Futures Commission (SFC) under section 213 of...
NZD/USD Hits Four-Week Low Amid US Dollar Strength :: InvestMacro
By RoboForex Analytical Department The NZD/USD pair dropped to 0.5988 this Friday, marking a potential close lower for the fourth consecutive week. The strength of the US dollar continues to dominate the currency pair, fuelled by expectations of a moderate interest...
FCA interventions result in more than 10k promotions amended/withdrawn in Q3 2024
The UK Financial Conduct Authority (FCA) has published the financial promotions data for the third quarter of 2024. The data was collected between 1 July 2024 and 30 September 2024 from FCA actions against firms breaching financial promotion rules, and referrals and...
Big Tech set for big gains? :: InvestMacro
5 of “Magnificent 7” set to publish earningsCombined market cap of 5 tech titans over $12 trillion Looking past earnings, key focus on AI spendingMeta could move over 7.3% ↑ or ↓ post earningsApple richest company in the world reports results ThursdayFinancial markets...
CFTC secures Court orders directing Regal Assets, its CEO and President to pay $49M
The Commodity Futures Trading Commission (CFTC) today announced U.S. District Judge Fernando M. Olguin, Central District of California, issued orders of default judgment against a company and two individuals: Regal Assets LLC, a California LLC; Regal Assets’ owner and...
Bank of England may delay rate cut. Inflation in Tokyo continues to decline :: InvestMacro
At the end of Thursday, the Dow Jones Index (US30) was down 0.33%, the S&P 500 Index (US500) added 0.21%, and the NASDAQ Technology Index (US100) closed positive 0.83% yesterday. Stocks mostly rose on Thursday amid positive earnings results and lower T-note bond...
MCI Global Investment Advisors Limited enters liquidation
MCI Global Investments Advisors Limited has entered into Creditors Voluntary Liquidation. Gareth Howarth of Path Business Recovery Limited was appointed as liquidator. MCI Global Investment Advisors Limited is a small Authorised Alternative Investment Fund Manager...
Standard Chartered, TP ICAP announce digital asset collaboration
International cross-border bank Standard Chartered and inter-dealer broker TP ICAP have announced plans to connect their digital assets offerings. This collaboration will enable common clients to access Standard Chartered’s recently announced groundbreaking digital...
NYSE plans to extend weekday trading on NYSE Arca Equities Exchange
The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE:ICE), today announced plans to extend weekday trading on its NYSE Arca equities exchange to 22 hours a day. The extended trading would take place from 1:30 am to 11:30 pm Eastern Time on all...
Smart money app Plum fined €30K by CySEC for various violations
Cyprus financial regulator CySEC has announced that it has decided to impose a total administrative fine of €30,000 to the company Plum Money CY Limited, which operates the Plum savings and investing app for EU clients (website withplum.com), for violation of articles...
Darwinex offers traders to link and migrate their existing MT5 account with Darwinex
Darwinex announces that traders can now link and migrate their existing MT5 account with Darwinex and take full advantage of its platform’s powerful features—without having to start from scratch. By linking your MT5 track record with Darwinex, you’ll gain access to...
Bullying and harassment top concerns list in FCA non-financial misconduct survey
The UK Financial Conduct Authority (FCA) has published the results of a survey to better understand how firms record and manage allegations of non-financial misconduct. The survey of over 1,000 investment banks, brokers and wholesale insurance firms found that the...
OKX ups crypto spot copy trading with Smart Sync
Crypto exchange operator and Web3 tech company OKX has announced that it has introduced a new ‘Smart Sync’ feature to its Spot Copy Trading tool. This addition enables eligible customers to effortlessly mirror a lead trader’s entire spot portfolio with just one click,...
Italian regulator blocks websites of five unauthorized investment firms
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to several new websites that offer financial services illegally. The websites targeted by the latest orders are: Tradetospace Global Limited (website https://tradetospace.com and...
UK financial services firms receive 1.86M complaints in H1 2024, FCA data shows
The UK Financial Conduct Authority (FCA) has published the latest data about complaints reported by financial services firms. During the period from 1 January to 30 June 2024, financial services firms received 1.86 million complaints, a 4% decrease from 2023 H2...
Virtu Financial reports 12.2% Y/Y increase in Q3 2024 revenues
Virtu Financial, Inc. (NASDAQ:VIRT), a provider of financial services and products, today reported results for the third quarter ended September 30, 2024. Total revenues increased 12.2% to $706.8 million for the third quarter of 2024, compared to $630.2 million for...
Coinbase becomes Official Crypto Partner of Canadian Football League
Cryptocurrency exchange Coinbase has become Official Crypto Partner of the Canadian Football League (CFL) and the 111th Grey Cup. Coinbase, the league’s first-ever partner in the crypto space, will also sponsor the opening coin toss ahead of the championship game in...
Broadridge launches Distribution Insights for Asset Managers on Salesforce AppExchange
Broadridge Financial Solutions Inc. (NYSE:BR) today announced it has launched Distribution Insights for Asset Managers on Salesforce AppExchange, an enterprise marketplace for partner apps and experts, empowering customers to capture data from wherever it lives,...
FD Technologies’ shareholders approve sale of First Derivative Business to EPAM Systems
FD Technologies (LON:FDP) announces that the Resolution put to Shareholders at the General Meeting of the Company held earlier today to approve the sale of the First Derivative Business to EPAM Systems, Inc was duly passed. Voting was conducted by way of poll on the...
TradingView adds Errante to list of partner brokers
TradingView’s list of available brokers keeps expanding. Now, Errante, a regulated online broker, is available on the platform and provides users with multiple Forex and CFD trading capabilities. Founded in 2019, Errante (a brand operated by Notely Trading Ltd) is...
Valkyrie Funds to change name to CoinShares Valkyrie
CoinShares International Limited, a European investment company specialising in digital assets, today announced the renaming of its recently acquired Valkyrie Funds LLC products to CoinShares Valkyrie, effective October 31, 2024. This strategic move follows...
The Bank of Canada cut the rate by 0.5%. Stock indices under selling pressure ahead of US elections :: InvestMacro
At Wednesday’s close, the Dow Jones (US30) Index was down 0.96%, the S&P 500 Index (US500) decreased by 0.92%, and the NASDAQ Technology Index (US100) closed yesterday negative 1.55%. All three major US equity indices closed sharply lower on Wednesday amid rising...
Cypriot regulator suspends Viverno Markets’ CIF license
The Cyprus Securities and Exchange Commission (CySEC) announces that the authorisation of the Cyprus Investment Firm Viverno Markets Ltd is suspended in whole. The suspension is in accordance with section 10(1) of Directive DI87-05 for The Withdrawal and Suspension of...
EUR/USD Dips to Three-Month Low Amid Strong Dollar Demand :: InvestMacro
By RoboForex Analytical DepartmentEUR/USD has tumbled to 1.0789, marking a near three-month low as market sentiment heavily favours the US dollar. The dollar’s strength is driven by expectations of a gradual and limited interest rate cut by the US Federal Reserve and...
Nasdaq registers 22% Y/Y increase in revenues in Q3 2024
Nasdaq, Inc. (NASDAQ:NDAQ) today reported its financial results for the third quarter of 2024. For the three months to end-September 2024, net revenue was $1.1 billion, reflecting 22% growth versus the prior year period while non-GAAP net revenue was $1.2 billion....
CQG makes significant updates to Spreader in CQG One platform
CQG, a provider of high-performance technology solutions for traders, brokers, commercial hedgers and exchanges, has made some significant updates to the Spreader in CQG One for institutional trading desks in CQG One v9.9. Improved synthetic strategy support Added...
Montreux acquires GC Partners Group
Montreux Capital Management Zug AG today announced the acquisition of GC Partners Group Ltd, a specialist financial services provider in the Forex and payments market. With offices in the UK, Hong Kong, Dubai, the Netherlands, Portugal, and Spain, GC Partners has a...
Singtel, Western Union sign agreement on sale of mobile wallet Dash
Singtel and Western Union have signed a conditional agreement on the sale of Dash. The sale is subject to regulatory approvals. Dash customers will continue to have access to all existing services in the meantime. Dash is an all-in-one mobile wallet that lets...
Eurex Clearing participates in ECB trials for wholesale digital money pilot
Eurex Clearing participated in the Eurosystem’s exploratory work on new technologies for wholesale central bank money settlement. The initiative, led by the European Central Bank (ECB), aims to explore the potential of distributed ledger technology (DLT) in enhancing...
Worldline partners with Visa Acceptance Solutions on fraud management solution
Payment services provider Worldline (EPA:WLN) has announced plans to collaborate with Visa Acceptance Solutions, to launch an optimized fraud management solution. The relationship leverages both companies’ extensive transactional data and expertise, augmenting...
USD/JPY Climbs to Three-Month Peak Amid US Dollar Strength :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY currency pair surged to near three-month highs, hitting 151.79, driven by the strengthening US dollar and rising US government bond yields. The appreciation of the US dollar was supported by favourable macroeconomic data...
CFPB orders Apple and Goldman Sachs to pay over $89M for Apple Card failures
Today, the Consumer Financial Protection Bureau (CFPB) took action against Apple and Goldman Sachs for customer service breakdowns and misrepresentations that impacted hundreds of thousands of Apple Card users. The CFPB found that Apple failed to send tens of...
This year’s Nobel prize in economics awarded to team that examined what makes some countries rich and others poor :: InvestMacro
By John Hawkins, University of CanberraThe 2024 Nobel Prize in Economics has been awarded to three US-based economists who examined the advantages of democracy and the rule of law, and why they are strong in some countries and not others.Daron Acemoglu, Simon Johnson...
FCA writes to Novus Black Fund investors about unreported losses
The UK Financial Conduct Authority (FCA) has written to investors in Novus Black Fund UK Ltd about the firm’s unreported losses. Novus Black Fund, an alternative investment fund based in the UK, is managed by MCI Global Investment Advisors Limited. UK regulations...
Liquidnet appoints Eric Blake as Head of Latin America
Liquidnet, a technology-driven agency execution specialist, today announced the appointment of Eric Blake as Head of Latin America. In this role, Mr Blake will be responsible for expanding Liquidnet’s business in the region, with an immediate focus on identifying new...
tastyfx offers integration with TradingView
US Forex broker tastyfx announced today that it has integrated with TradingView, a charting platform for traders. Users with a tastyfx account can now live trade directly on the TradingView platform, enhancing their trading experience with best-in-class charting and...
FFG Asset Management adopts DTCC’s ITP services
The Depository Trust & Clearing Corporation (DTCC) today announced that FFG Asset Management (FFG AM) has adopted the firm’s Institutional Trade Processing (ITP) services, leveraging the automated post-trade solutions to achieve no touch processing for equities...
ICE sees Euribor futures and options trading reach highest volume in over 10 years
Intercontinental Exchange, Inc. (NYSE:ICE) today announced record activity across its interest rate derivatives markets with over 190 million contracts traded in Q3 2024, surpassing the previous record set in Q1 2020. ICE’s interest rate markets also hit record...
CME Group reports record revenue in Q3 2024
International derivatives marketplace CME Group Inc. (NASDAQ:CME) today reported financial results for the third quarter of 2024. The company reported record revenue of $1.6 billion and operating income of $1.0 billion for the third quarter of 2024. Net income was...
Ryan Choi to pay $1.8M to settle SEC charges for defrauding readers of Citron Research
The Securities and Exchange Commission (SEC) announces that Ryan Choi agreed to pay more than $1.8 million to settle charges that he negligently engaged in a scheme to defraud readers of Citron Research in connection with two tweets issued by the platform. In July...
Finalto implements proactive risk strategy for US election
Ahead of the US Election on 5 November 2024, Finalto Chief Risk Officer Daniel Frostick explains that Finalto is taking proactive steps to limit risk and ensure clients experience uninterrupted service levels. “We have identified key areas of focus so we can ensure we...
What France’s ‘McKinsey Gate’ scandal revealed about the four major types of consulting’s conflicts of interests :: InvestMacro
By Guillaume Carton, EM Lyon Business School McKinsey & Company and other consulting firms have long faced criticisms for their involvement with governments. Investigative journalists and academics alike have flagged their growing influence, citing cases like the...
JPX confirms securities regulator investigating Tokyo Stock Exchange employee
Japan Exchange Group, Inc. today issued a statement in response to media reports about a Tokyo Stock Exchange employee being investigated by regulators over suspected insider trading. JPX confirms that an employee of Tokyo Stock Exchange is currently under...
IG Japan updates Economic Calendar
IG Securities, the Japanese subsidiary of electronic trading major IG Group, has updated its Economic Calendar. The new economic calendar has a new design, making it easier to view various events and providing more comprehensive market analysis. The new features...
Interactive Brokers rolls out TWS build 10.32
Electronic trading major Interactive Brokers has rolled out build 10.32 of its TWS platform. The platform has added Municipal Disclosures in Trader Workstation. Users of the platform can now use the View Lots feature to view or manage their stock, option, bond,...
Support for older MT4 and MT5 versions to end on December 1, 2024
Fintech company MetaQuotes has announced that support for older MT4 and MT5 versions will end on December 1, 2024. Starting December 1, 2024, the minimum supported versions of the trading platforms will be as follows: MetaTrader 4 build 1420, released on May 24...
BGC Group to acquire OTC Global Holdings
BGC Group, Inc. (NASDAQ:BGC), a global brokerage and financial technology company, announced today that it has entered into an agreement to acquire OTC Global Holdings, LP, an institutional energy and commodities brokerage firm. Through this acquisition, BGC Group...
TD Bank joins LTX as liquidity provider
LTX, an AI-powered corporate bond trading platform backed by global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR), today announced that TD Bank has joined its e-trading platform through its subsidiary TD Securities Automated Trading LLC. TD Bank will...
CoinShares opens new office in New York City
CoinShares International Limited, an investment company specializing in digital assets, today announced the establishment of a U.S. central office based in New York City, marking a significant step in its U.S. expansion strategy. As a part of the growth initiative,...
Chances are Slim :: InvestMacro
By RoboForex Analytical Department The AUD/USD pair is attempting a recovery toward 0.6681, though the prospects seem uncertain as the pair remains near a six-week low. The strengthening of the US dollar and the rise in US Treasury yields, driven by expectations of a...
LSEG, Dun & Bradstreet partner to broaden access to private market information
London Stock Exchange Group (LSEG) and Dun & Bradstreet (NYSE:DNB), today announced a multi-year collaboration to broaden access to private market information. The combination of LSEG’s capital markets data, including deals, private equity, news and research, with...
The rise in the Dollar Index is putting pressure on stock indices. MXN rate fell to a 6-week low :: InvestMacro
At Monday’s close, the Dow Jones Index (US30) was down 0.80%. The S&P 500 Index (US500) was down 0.18%. The NASDAQ Technology Index (US100) closed positive 0.18%.On Monday, the Dollar Index approached levels not seen since early August as hopes of a near-term...
SEC fines four cos nearly $7M for misleading disclosures regarding cyber risks and intrusions
The Securities and Exchange Commission (SEC) today charged four current and former public companies – Unisys Corp., Avaya Holdings Corp., Check Point Software Technologies Ltd, and Mimecast Limited – with making materially misleading disclosures regarding...
Waits on BoC rate decision :: InvestMacro
By ForexTimeBoC decision & Fed speeches/Beige book in focusTrader’s see 88% probability of BoC 50bp cut on Wednesday.Over past year BoC decision triggered moves of ↑ 0.3% & ↓ 0.2%Bloomberg FX model – 80% – (1.3719 – 1.3940)Technical levels – 1.3880 and...
ICE marks record OI across Brent crude oil futures and options
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that ICE Brent reached record open interest of 6.4 million contracts on October 18, 2024, surpassing the record previously set in April 2020. Brent open interest is up 20% year-over-year (y/y) across futures...
Prop firm MyFundedFX, PropFirmMatch.com exchange words over Copy Trading
An interesting exchange took place on social media (and, apparently, behind the scenes) over the weekend between Dallas, Texas based retail prop trading firm MyFundedFX and popular industry comparison site PropFirmMatch.com. The discussion included a threat by...
Marqeta unveils enhancements to its card program management tools
Modern card issuing platform Marqeta (NASDAQ:MQ) today introduced two new products – UX Toolkit and Portfolio Migrations – to its card program management tools. UX Toolkit will allow Marqeta’s customers to create modern payment experiences from scratch with fewer...
Do people trust AI on financial decisions? We found it really depends on who they are :: InvestMacro
By Gertjan Verdickt, University of Auckland, Waipapa Taumata Rau When it comes to investing and planning your financial future, are you more willing to trust a person or a computer?This isn’t a hypothetical question any more.Big banks and investment firms are using...
FCA places restrictions on Business Agent Limited
The UK Financial Conduct Authority (FCA) has placed restrictions on Business Agent Limited. The action follows concerns about the firm’s failings related to its ‘Nextcrowd’ platform. The move to restrict Business Agent Limited came on 22 July 2024, after FCA’s review...
Komainu to acquire Singapore-based digital asset custodian Propine
Komainu, a custodian and service provider for digital assets announces an agreement in principle to acquire Propine Holdings Pte Ltd, a provider of digital asset custody and related services through Propine Technologies Pte Ltd, subject to approval by the Monetary...
