Economy
IG integration with TradingView goes live for Australian clients
Electronic trading major IG today announced that its highly anticipated TradingView integration is now live and available for its Australian clients. This powerful tool will enhance trading experience, offering advanced charting and analysis features right at traders’...
TRADE.com operator Trade Capital UK sees 18% increase in Revenue, 55% rise in Profit in 2023
Following a successful 2022, Trade Capital UK (TCUK) Ltd, the UK based company which operates the TRADE.com Retail FX and CFDs brand, has released its financials for 2023 indicating continued growth on both the top and bottom line. TCUK posted Revenues of £892K in...
State Street Global Advisors acquires stake in Raiz Invest
State Street Global Advisors, Inc, the asset management business of State Street Corporation (NYSE:STT), today announced a strategic investment in Raiz Invest Limited (ASX:RZI), an Australian fintech platform. The parties have entered into an equity investment...
Hantec Markets launches $500K client funds insurance via Lloyd’s
Hantec Markets has announced the launch of Hantec Client Funds Insurance. This comprehensive insurance policy guarantees the safety and security of client funds up to USD $500,000 per claimant, further solidifying Hantec Markets’ commitment to protecting client assets...
MAS investigation results in prison sentence for individual convicted of false trading
Mr Tay Ming Hin was convicted on 26 August 2024 and sentenced to four weeks imprisonment for false trading in the shares of Catalist-listed KOP Limited. Mr Tay pleaded guilty to one charge under section 197(1)(b) of the Securities and Futures Act (SFA) for creating a...
TON price falls 16% after Telegram CEO Pavel Durov arrested in France
The price of Bitcoin alternative Toncoin (TON) fell Sunday by 16% (as of the time of writing), following the arrest of TON founder, Telegram CEO Pavel Durov. Pavel Durov was arrested by French authorities after he landed during the weekend on a private jet at Le...
Speculator Bets led by DowJones & Nasdaq :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 20th and shows a quick view of how large traders...
Speculator Bets led by Wheat & Soybean Oil :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 20th and shows a quick view of how large...
FX week in review: Broker results (Plus500, Trade Nation, MultiBank), ATFX adds MT5
How did the latest set of financial results pan out for Retail FX and CFDs brokers Plus500, Trade Nation, and MultiBank? Which broker set Revenue and Profit records? Which recorded a (surprise) loss? What did ATFX have to say about adding the MT5 trading platform for...
Gold leads Speculator Bets higher :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 20th and shows a quick view of how large traders...
Speculators sharply raise Euro, British Pound & Canadian Dollar bets :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 20th and shows a quick view of how large market...
Yen, Gold, 5-Year, 10-Year & Cotton lead Bullish & Bearish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on August 20th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Speculator Bets led by Ultra Treasury Bonds & Ultra 10-Year Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 20th and shows a quick view of how large...
Australian regulator increases ANZ’s capital add-on to $750M
The Australian Prudential Regulation Authority (APRA) has increased the capital add-on applied to Australia and New Zealand Banking Group (ANZ) to $750 million in response to heightened concerns about the bank’s non-financial risk management practices. APRA has held...
Saxo Bank updates OpenAPI, enhances Charts service group
Multi-asset investment specialist Saxo Bank has updated its OpenAPI, with the latest release enhancing the Charts service group. Saxo has released a new version of its charting endpoint that has been improved in several ways. The new horizon sampling starts at...
The Bank of Japan is set to raise rates further. The Fed gov will speak at the annual symposium in Jackson Hole today :: InvestMacro
By JustMarkets On Thursday, stocks in the US ended the session down. The Dow Jones Index (US30) was down 0.43%, while the S&P 500 Index (US500) fell by 0.88%. The NASDAQ Technology Index (US100) closed negative at 1.67% yesterday. The rise in bond yields on...
Hantec Markets hires INFINOX alum Alberto Barba Arévalo to head LATAM BizDev
London and Dubai based Retail FX and CFDs broker Hantec Markets has announced that the company has hired Alberto Barba Arévalo, as Head of Business Development – LATAM. Based out of Portugal, Alberto spent the past four years working for INFINOX, as Regional Manager....
Weak US Dollar and RBA’s Steady Stance Support Strength :: InvestMacro
By RoboForex Analytical Department AUD/USD is finding its footing, currently stabilising at around 0.6725, as the US dollar weakens further in anticipation of Fed Chair Jerome Powell’s speech at the Jackson Hole symposium.The Australian dollar’s resilience is...
Exclusive: Zara FX hires Scope Markets exec Christiana Lazaridou to head BizDev
FNG Exclusive… FNG has learned that MENA focused offshore Retail FX and CFDs broker Zara FX has continued its recent hiring spree, adding experienced Cyprus-based executive Christiana Lazaridou as the company’s new Chief Business Development Officer. Christiana...
Quantum information theorists are shedding light on entanglement, one of the spooky mysteries of quantum mechanics :: InvestMacro
By William Mark Stuckey, Elizabethtown College The year 2025 marks the 100th anniversary of the birth of quantum mechanics. In the century since the field’s inception, scientists and engineers have used quantum mechanics to create technologies such as lasers, MRI...
Court demands clarity in Robinhood short squeeze lawsuit
Chief Judge Cecilia M. Altonaga of the Florida Southern District Court was forced to demand clarity in a lawsuit brought by hundreds of traders against Robinhood over the January 2021 short squeeze. Technically, the lawsuit was terminated in May 2024, as a settlement...
Nvidia earnings showdown could set market tone :: InvestMacro
Nvidia shares ↑150% year-to-dateData center business and Q3 guidance in focusShares could move 10.4% ↑ or ↓ post earningsPrices edging higher on H1 but RSI near oversoldTechnical levels – $130, $119, 200 SMA and $110 Financial markets may end August with a bang thanks...
Societe Generale International changes LME membership category
The London Metal Exchange (LME) has notified the market that, with effect from 27 August 2024 and pursuant to Regulation 6.1 of Part 2 of the Rules and Regulations of the LME, Societe Generale International Limited (SNC) will cease to be a Category 1 Member of the LME...
Match-Prime enhances its Crypto CFDs liquidity offering
CySEC-regulated liquidity provider Match-Prime has announced the launch of its enhanced crypto CFD liquidity offering, tailored specifically for forex brokers. The new offer introduces some of the most competitive trading conditions in the market, reflecting...
Banana apocalypse, part 2 – a genomicist explains the tricky genetics of the fungus devastating bananas worldwide :: InvestMacro
By Li-Jun Ma, UMass Amherst Did you know that the bananas you eat today are not the same type as the ones people were eating a few generations ago? The banana you might have had with your breakfast today is a variety called the Cavendish banana, while the one that was...
Interactive Brokers adds new Option Exercise Column in TWS
Electronic trading major Interactive Brokers has released Build 10.31 (beta) of its TWS platform. The broker has added an Option Exercise Column named “In The Money”. This will display the current in-the-money value for an option contract. To add the Option Exercise...
Former director of Growth Plus Financial found guilty of fraud
On Friday 23 August 2024, Ben Jayaweera, a former financial advisor and director of Growth Plus Financial Group Pty Ltd (in Liquidation) was found guilty of 28 counts of fraud pursuant to section 408C(1)(e) Criminal Code Act 1899 (Qld). The offending took place...
Asian Infrastructure Investment Bank issues its first DNN on Euroclear’s D-FMI platform
The Asian Infrastructure Investment Bank (AIIB) has successfully issued its first Digitally Native Note, executed on Euroclear’s Digital Financial Market Infrastructure (D-FMI). This marks the first digital issuance in USD for Euroclear and the first such issuance by...
SEC obtains judgments against two individuals involved in multi-million dollar offering fraud
The Securities and Exchange Commission (SEC) has secured final judgments against two individuals involved in multi-million dollar offering fraud. On August 21, 2024, the New York Southern District Court entered final judgments against Wayne H. McLean and Joan E....
RoboMarkets announces updates to R StocksTrader platform
Retail FX and CFD broker RoboMarkets today announced updates to the R StocksTrader platform to enhance trading experience. Commission removal and updated approach to spreads The broker is simplifying trading conditions on the R StocksTrader platform. All order...
MultiBank reports record Revenues of $306.6 million in 2023
Dubai based online brokerage firm MultiBank Group has announced its most successful financial year to date, including record Revenue of $306.6 million in 2023. Based on the latest audited financial statements, MultiBank Group achieved a strong 10% revenue increase,...
Brokeree Solutions makes website multilingual continuing international growth
Brokeree Solutions, an international technology provider for multi-asset brokers, has announced the release of a new website version. Now the information on Brokeree’s website is available for visitors in Spanish, Arabic, and Chinese in addition to English. The...
Interactive Brokers enhances global bond offering
Interactive Brokers (NASDAQ:IBKR), an automated global electronic broker, today announced significant enhancements to its global bond offering available through the IBKR Bond Marketplace. Clients of Interactive Brokers can now access greater liquidity for global...
Thailand’s democracy has taken another hit, but the country’s progressive forces won’t be stopped :: InvestMacro
By Adam Simpson, University of South Australia After two tumultuous weeks in Thai politics, the country has a new prime minister and new opposition party in parliament. The sweeping changes have demonstrated yet again the power of the Constitutional Court over...
Miami International Holdings announces $100M investment from Warburg Pincus
Miami International Holdings, Inc. (MIH) today announced a $100 million investment from Warburg Pincus. Subject to certain conditions, Warburg Pincus may expand its investment in MIH to support additional growth. The growth investment will accelerate the next phase of...
Waits on BoJ and Fed chief remarks :: InvestMacro
USDJPY ↓ 3% month-to-dateUeda testimony + Powell speech in focusPrices heavily bearish but RSI near oversoldBloomberg FX model: 73% – (142.70 – 148.67)Key technical level: 145.00Check this out. The USDJPY could see big price swings on Friday!That’s right, remarks by...
CME Group to launch new CME Term SOFR API
On Sunday, September 1, international derivatives marketplace CME Group will launch the new CME Term SOFR API, a REST API that provides access to the daily set of forward-looking interest rate estimates for 1-Month, 3-Month, 6-Month and 12-Month Tenors in real-time,...
The dovish FOMC minutes supported the growth of indices. The Australian index has been growing for 10 consecutive trading sessions :: InvestMacro
By JustMarketsStocks in the US ended the session higher on Wednesday. The Dow Jones Index (US30) rose by 0.14%, while the S&P 500 Index (US500) gained 0.42%. The NASDAQ Technology Index (US100) closed positive, 0.57% yesterday. Stocks rose on Wednesday after a...
The challenge of Demo Account execution in Prop Trading
The following guest post is courtesy of Krzysztof Kapliński, Dealing Team Leader at broker platform provider Match-Trade Technologies. Krzysztof Kapliński Proprietary trading firms have emerged as a compelling alternative to traditional forex brokers. These firms...
A circular economy for our energy landscapes :: InvestMacro
By Martin J. Pasqualetti, Arizona State University; Chad Walker, Dalhousie University, and Michelle Adams, Dalhousie University From cereal boxes to our distinct milk bags, Canadians have been told that one of the best things we can do for the planet is to embrace the...
Corpay Cross-Border enters agreement with Manchester City to become their official FX partner
Corporate payments provider Corpay, Inc (NYSE:CPAY) announces that Corpay’s Cross-Border business has entered into an agreement with the current Premier League title holder, Manchester City to become their Official Foreign Exchange (FX) Partner. As part of this...
UK competition watchdog finds Barclays in breach of Retail Banking Order
The UK Competition and Markets Authority (CMA) has sent a letter to Barclays Bank UK plc regarding breaches of Part 5 (Payment Transaction Histories) of the Retail Banking Market Investigation Order 2017. Part 5 of the Order requires banks and building societies to...
Nasdaq fines TradeLink Securities for alleged rule violations
The Nasdaq Stock Market LLC has published a notice of disciplinary action against TradeLink Securities, LLC. During the period of January 1, 2021 through April 16, 2021 (the “Relevant Period”), the firm violated Nasdaq Rule Equity 2, Section 5(a)(2) by failing to...
CFTC clashes with My Forex Funds over privileged info
The lawsuit brought by the Commodity Futures Trading Commission (CFTC) against Murtuza Kazmi and Traders Global Group Inc., d/b/a “My Forex Funds”, continues at the New Jersey District Court. Recently, the parties have been engulfed in arguments over information...
CySEC warns of impersonator websites demanding fees for client recoveries
Cyprus financial regulator The Cyprus Securities and Exchange Commission (CySEC) has issued a statement that it has become aware of the website cysecgov.org, which has been maliciously created and does not belong to CySEC. Additionally, the email address...
CFTC seeks to revoke registrations of Purvesh Mankad, CTAX Partners and CTAX Series
The Commodity Futures Trading Commission (CFTC) today announced it commenced actions to revoke the registrations of Purvesh Mankad, and his affiliated entities CTAX Partners, LLC and CTAX Series, LLC. The CFTC’s actions are based on the injunctions entered and...
Inflationary pressures are easing in Canada. Riksbank cut interest rate by 0.25% :: InvestMacro
By JustMarketsOn Tuesday, stocks in the US ended the session lower. The Dow Jones Index (US30) was down 0.15%, while the S&P 500 Index (US500) fell by 0.20%. The NASDAQ Technology Index (US100) closed negative 0.33%. Volatility increased ahead of the upcoming...
Precious Mettle :: InvestMacro
“The desire for gold is the most universal and deeply rooted commercial instinct of the human race.” – Gerald M. LoebGerald M. Loeb was a founding partner of the famous brokerage house E.F. Hutton, where he honed his skills as a Wall Street trader and investment...
Trustly appoints Adam D’arcy as CPO
Trustly, Inc., a provider of open banking payments, today announced the appointment of Adam D’arcy as Chief Product Officer. Adam D’arcy Trustly looks to reinforce its product team by bringing on D’arcy to lead several upcoming product expansions for Open Banking...
Brent Oil Falters Amid Surprising Inventory Growth and Geopolitical Developments :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil has seen a decline to 77.07 USD a barrel on Wednesday, influenced by unexpected shifts in U.S. energy inventories and ongoing geopolitical developments. The analysis of Brent prices highlights key factors contributing...
NinjaTrader names Tobin McDaniel its new President
Fintech platform for retail futures trading NinjaTrader today announced that Tobin McDaniel has joined the company as President. Tobin’s appointment is the latest in NinjaTrader’s wave of executive hires and reaffirms the company’s commitment to continue building a...
Pet Odor Product Continues to Be Lucrative for Clean Tech Co. :: InvestMacro
Source: Streetwise Reports (8/19/24)Clean technology company BioLargo Inc. (BLGO:OTCQX) continues to see rising revenues with strong year-over-year and quarter-over-quarter growth, an analyst wrote in an updated research note on Friday.The company this week announced...
Bitfarms to acquire Stronghold Digital Mining
Bitfarms Ltd, a Bitcoin data center company, and Stronghold Digital Mining, Inc have entered into a definitive merger agreement under which Bitfarms will acquire Stronghold in a stock-for-stock merger transaction. The transaction is valued at approximately US$125...
AI pioneers want bots to replace human teachers – here’s why that’s unlikely :: InvestMacro
By Annette Vee, University of Pittsburgh OpenAI co-founder Andrej Karpathy envisions a world in which artificial intelligence bots can be made into subject matter experts that are “deeply passionate, great at teaching, infinitely patient and fluent in all of the...
CMA closes existing Competition Act cases into Google’s Play Store and Apple’s App Store
The UK Competition and Markets Authority (CMA) has closed its existing Competition Act cases into Google’s Play Store and Apple’s App Store as it plans for the roll out of the new digital markets competition regime. While the CMA has not taken any decisions on what...
Cantor Fitzgerald to pay $100k fine for alleged FINRA rule violations
Cantor Fitzgerald & Co has agreed to pay a fine of $100,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From July 2017 through May 2019, Cantor Fitzgerald acted as a market-maker in OTC securities, including securities...
HK regulator warns against “ICE Global Professional Station”
The Securities and Futures Commission (SFC) of Hong Kong today warned the public of a suspicious access link through which investors can gain access to the mobile application of “ICE Global Professional Station”. ICE Global Professional Station, which claims to be a...
Instant payments go live in Switzerland
Instant payments were launched in Switzerland on 20 August 2024. Around 60 financial institutions are now able to receive and process instant payments, covering more than 95% of Swiss retail payment transactions. By end-2026 at the latest, all financial institutions...
NZ regulator confirms Du Val placed in statutory management
The Financial Markets Authority (FMA) of New Zealand today confirmed that a number of entities within the Du Val group were placed in statutory management under the terms of the Corporations (Investigation and Management) Act 1989 (the Corporations Act). Statutory...
SEC charges Equiniti Trust with failing to protect client funds against cyber intrusions
The Securities and Exchange Commission (SEC) today announced settled charges against New York-based registered transfer agent Equiniti Trust Company LLC, formerly known as American Stock Transfer & Trust Company LLC, for failing to assure that client securities...
NFA fines Ikigai Strategic Partners and its principal Anthony Robert Emtman
The US National Futures Association (NFA) has ordered Ikigai Strategic Partners LLC, an NFA Member commodity pool operator located in Rio Grande, Puerto Rico, and Anthony Robert Emtman, a principal and associated person of Ikigai Strategic, to jointly pay a $150,000...
CFTC orders Get Money Tradez, its managing member to pay over $520,000 for fraud violations
The Commodity Futures Trading Commission (CFTC) today issued an order simultaneously filing and settling charges against Get Money Tradez LLC (GMT), and its managing member, Jeffrey Carmon, Jr. a/k/a Jeffery Carmon, Jr. The order finds the respondents violated...
EUR/USD Holds Near Seven-Month High Amid Speculation on Fed Rate Cuts :: InvestMacro
By RoboForex Analytical DepartmentEuro vs dollar maintains its position close to a seven-month peak, trading at 1.1077 on Tuesday. The US dollar’s weakening continues, largely driven by market expectations of an imminent interest rate cut by the US Federal Reserve...
Admirals makes currency conversion fee visible on MT5 platform
Retail FX and CFD broker Admirals today announced an update to its MetaTrader 5 (MT5) platform that enhances the way it displays the currency conversion fees. Here’s the essential information: No new fees: Admirals have not introduced any new charges. Improved...
Can Boeing Recover? Analyzing the Company’s Path to Profitability :: InvestMacro
By The Ino.com TeamSince the start of 2024, aerospace giant The Boeing Company (BA) has faced a turbulent ride, with its stock plummeting over 30%. The decline was primarily triggered by heightened regulatory scrutiny following a severe safety incident involving one...
PBoC expectedly left rates unchanged. Bitcoin returned to the $60,000 mark :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones (US30) Index was up 0.58%, while the S&P 500 (US500) Index increased by 0.97%. The NASDAQ Technology Index (US100) closed positive 1.39%. That day, dovish Fed comments drove bond yields lower and supported equities....
State Street to collaborate with Taurus on full service digital platform for institutional investors
State Street Corporation (NYSE:STT) and Taurus SA, a a provider of digital asset infrastructure, today announced a strategic agreement that will deliver trusted and reliable digital assets capabilities for State Street Bank and Trust Company clients. The agreement...
ASX lists deliverable Wallumbilla Natural Gas Futures contract
ASX has expanded its energy derivatives market presence, listing the physically settled Wallumbilla Natural Gas Futures contract for trading this week. Jointly developed with the Australian Energy Market Operator (AEMO), the contract is the latest addition to ASX’s...
PayPal expands partnership with Adyen
PayPal Holdings, Inc. (NASDAQ:PYPL) today announced the strengthening of its global partnership with financial technology platform Adyen. Within the expanded partnership, Adyen will offer Fastlane by PayPal to accelerate guest checkout flows for its enterprise and...
Standard Chartered announces appointments to its Transaction Banking team
Standard Chartered announced today the appointment of Sofia Hammoucha as Global Head of Trade & Working Capital based in Singapore. Ms Hammoucha succeeds Kai Fehr, who has decided to move back to his home country, Germany, to spend more time with his family. Sofia...
iSAM Securities hires Azadeh Kasraei as Head of Integrated Client Solutions
London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that it has hired Azadeh Kasraei as Head of Integrated Client Solutions, in a strategic move to develop and improve experience and delivery. Azadeh began her career in...
Exclusive: Trade Nation posts £2.2M loss as Revenues decline 5% in 2023
FNG Exclusive… FNG has learned via regulatory filings that FCA licensed FX, CFDs, and spreadbetting broker Trade Nation Financial UK Ltd has seen a decline in Revenue in 2023 (fiscal year ended November 30), leading to a £2.2 million Net Loss for the year at the...
eToro enables its clients to invest in top DFM-listed companies
Online broker eToro today announced its partnership with Dubai Financial Market (DFM), enabling eToro’s 38 million registered clients to invest in 10 companies listed on the exchange. This partnership aims to broaden investment opportunities for eToro’s user base and...
JSE signs further contract extension for provision of Beeks’ Exchange Cloud
Beeks Financial Cloud Group plc (LON:BKS), a cloud computing and connectivity provider for financial markets, today announced that the Johannesburg Stock Exchange (JSE) has signed a further significant contract extension for the provision of Beeks’ Exchange Cloud, to...
AUD/USD climbs as RBA maintains firm stance on interest rates :: InvestMacro
By RoboForex Analytical Department The Australian dollar (AUD) is witnessing a rise against the US dollar (USD) for the second consecutive day, reaching 0.6629. This upward movement is bolstered by the Reserve Bank of Australia’s (RBA) current policy stance. RBA...
Bitwise acquires ETC Group – FX News Group
Bitwise Asset Management today announced the acquisition of ETC Group, a London-based crypto ETP issuer. The news marks Bitwise’s expansion into Europe and adds nine European-listed crypto ETPs to Bitwise’s broad suite of ETPs, hedge fund solutions, and separately...
Holds near record high…what next? :: InvestMacro
Gold ↑ 21% year-to-dateFOMC minutes & Jackson Hole in focusBullish but RSI overbought on multiple timeframesBloomberg FX model: 73% XAUUSD – (2440.49 – 2567.13)Key technical level – $2500In case you missed it, gold surged over 2% last Friday to create a fresh...
SEC brings charges against Carl Icahn and Icahn Enterprises
The Securities and Exchange Commission (SEC) today announced charges against Carl C. Icahn and his publicly traded company, Icahn Enterprises L.P. (IEP), for failing to disclose information relating to Icahn’s pledges of IEP securities as collateral to secure personal...
Oil prices are declining due to weakening demand from China. US and European stock indices continue to rise in price :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) Index gained 0.24% (+2.79% for the week), while the S&P 500 (US500) Index gained 0.20% (+3.78% for the week). The NASDAQ Technology Index (US100) closed positive 0.21% (for the week +4.99%). A busy week of economic...
Australian regulator takes down more than 7,300 phishing and investment scam websites
The Australian Securities and Investments Commission (ASIC) announced today the takedown of more than 7,300 phishing and investment scam websites that seek to swindle consumers out of their information. Since July 2023, ASIC has coordinated the removal of over 5,530...
Plus500 registers rise in revenues in H1 2024, cash position passes $1bn mark
Plus500 Ltd (LON:PLUS), a multi-asset fintech group, today announced its interim results for the six-month period ended 30 June 2024. Plus500 delivered a strong financial performance in H1 2024. Revenue and EBITDA grew year-on-year, by 8% and 6%, respectively, and the...
ATFX launches MT5 trading platform
Leading global CFDs broker ATFX has announced the launch of the MetaTrader 5 (MT5) platform for its clients. The company said that this milestone not only underscores ATFX’s unwavering commitment to continually upgrading its customer service quality, but also marks a...
FINRA fines SAL Equity Trading for reporting deficiencies
SAL Equity Trading, GP has agreed to pay a fine of $75,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From February 2021 to May 2023, SALET inaccurately reported to the Trade Reporting and Compliance Engine (TRACE)...
FCA cancels SPI registration of Apex Money Limited
The UK Financial Conduct Authority (FCA) has cancelled the registration of Apex Money Limited as a small payment institution (SPI). The Authority has concluded that the firm is no longer meeting the conditions for registration as an SPI under the PSRs, and that its...
Doo Payment granted Australia remittance license by AUSTRAC
Doo Payment AU Pty Ltd, a subsidiary of Doo Payment, a brand under Doo Group, has announced that it has successfully obtained an independent remittance license (license number: IND100844845-001) issued by the Australian Transaction Reports and Analysis Centre...
MAS issues prohibition order against former HSBC rep
The Monetary Authority of Singapore (MAS) today issued a one-year prohibition order (PO) against a former representative of HSBC Bank, Aw Jun Ray, Reko Corinthians. Mr Aw was investigated for the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of...
Valverde partners with Broadridge to enhance investment management technology
Valverde Investment Partners, a newly established Singapore-based independent investment management firm, has appointed Broadridge Financial Solutions, Inc. (NYSE:BR) to enhance its portfolio management, trade order management, and risk analytics processes. This...
FX week in review: Sports partnerships, FXTB fine, Saxo trading volumes, FXFlat sold, ACY IPO plans, MT4/MT5 prop firm trouble
The dawn of the new football season in Europe has brought with it a number of new partnerships and sponsorships from Retail FX and CFDs brokers, with firms such as CFI, Axi, Spreadex, Equiti, ZERO Markets, and TrioMarkets inking new deals. Sports sponsorship has...
Speculators flip Japanese Yen bets into 1st bullish position since March 2021 :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 13th and shows a quick view of how large market...
Speculator Bets led by VIX :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 13th and shows a quick view of how large traders...
Speculator Bets led by Sugar & Wheat :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 13th and shows a quick view of how large...
Yen, VIX, 5-Year & Cotton lead Bullish & Bearish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on August 13th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Speculator Bets led by SOFR 3-Months & US Treasury Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 13th and shows a quick view of how large...
Speculator Bets led by Gold & Platinum :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 13th and shows a quick view of how large traders...
Copper Is in a Full Bear Market :: InvestMacro
Source: Michael Ballanger (8/14/24)Even though copper prices bottomed on Thursday, Michael Ballanger of GGM Advisory Inc. still thinks Freeport-McMoRan Inc. (FCX:NYSE) is a Buy. Freeport-McMoRan Inc. (FCX:NYSE)Copper prices bottomed on Thursday, August 8, right before...
NAS100 set for Jackson Hole shake up? :: InvestMacro
NAS100 ↑ 13% from August lowFriday speech by Fed Powell to impact Fed cut betsWatch out for FOMC minutes mid-weekIndex trading roughly 7% away from all-time highKey levels – 18400, 19500, 20100It’s that time of the year again with the annual Jackson Hole Economic...
International students will offer a big boost to the US economy this back-to-school season :: InvestMacro
By Barnet Sherman, Boston University Of the millions of young adults heading off to college this fall, many will be international students. If trends continue, about 1 million students from around the world will come to the U.S. to pursue higher education this...
Offshore wind farms connected by an underwater power grid for transmission could revolutionize how the East Coast gets its electricity :: InvestMacro
By Tyler Hansen, Dartmouth College; Abraham Silverman, Johns Hopkins University; Elizabeth J. Wilson, Dartmouth College, and Erin Baker, UMass Amherst Offshore winds have the potential to supply coastlines with massive, consistent flows of clean electricity. One study...
What is mpox? A microbiologist explains what’s known about this smallpox cousin :: InvestMacro
By Rodney E. Rohde, Texas State University On Aug. 14, 2024, the World Health Organization declared mpox a public health emergency of international concern. There have been over 15,600 cases and over 530 deaths reported in the Democratic Republic of the Congo and...
AUD/USD climbs as RBA maintains firm stance on interest rates :: InvestMacro
By RoboForex Analytical DepartmentThe Australian dollar (AUD) is witnessing a rise against the US dollar (USD) for the second consecutive day, reaching 0.6629. This upward movement is bolstered by the Reserve Bank of Australia’s (RBA) current policy stance. RBA...
VT Markets becomes sponsor of Newcastle United FC
English Premier League football club Newcastle United FC has announced that it has agreed a multi-year partnership with VT Markets, an online financial trading platform. The Australia-based broker becomes the club’s Official Financial Trading Partner. VT Markets will...
The German DAX Index has risen for 8 consecutive sessions. Malaysia’s GDP shows strong growth :: InvestMacro
By JustMarketsOn Thursday, the Dow Jones (US30) Index gained 1.61%, while the S&P 500 (US500) Index closed 1.39% higher. The NASDAQ Technology Index (US100) closed yesterday positive 2.34%. Signs of a strengthening US economy are driving stocks higher today after...
FCA cancels permission of Wolverhampton Wanderers Football Club (1986) Limited
The UK Financial Conduct Authority (FCA) has cancelled the permission and withdrawn the authorisation of Wolverhampton Wanderers Football Club (1986) Limited. The reason for this action is that the Authority considers the firm is carrying on no regulated activities to...
Saxo Japan suspends fixed spreads on AUD/JPY
Saxo Bank Securities Co., Ltd., the Japanese subsidiary of multi-asset investment specialist Saxo Bank, today issued a brief notice regarding trading conditions. The broker has decided to suspend fixed spreads on the AUD/JPY currency pair. The change is announced...
FCA fines PwC £15M for failing to alert regulator about suspected fraudulent activity at LCF
The UK Financial Conduct Authority (FCA) has fined PricewaterhouseCoopers LLP (PwC) for failing to report to the regulator their belief that London Capital & Finance plc (LCF) might be involved in fraudulent activity. This is the first time the FCA has fined an...
ASX sees net profit decline in FY24
ASX today posted its financial results for the fiscal year to June 30, 2024. ASX delivered FY24 operating revenue of $1.03 billion, a 2.4% increase on the prior corresponding period (pcp) and a record revenue performance for ASX. Performance across ASX’s four lines of...
FINRA imposes $225k fine on American Portfolios Financial Services
American Portfolios Financial Services, Inc. has agreed to pay a fine of $225,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). Between January 2019 and August 2022, American Portfolios opened new accounts for multiple customers...
Exclusive: Trading 212 acquires FXFlat
FNG Exclusive… FNG has learned that London/Sofia based online broker Trading 212 has acquired Germany based Retail FX and CFDs broker FXFlat. The parties did not disclose the financial terms of the transaction. Rafael Neustadt FXFlat is a Ratingen, Germany based...
Spreadex sponsors Sheffield United FC
For the second time this week, financial spread betting and sports betting firm Spreadex is sponsoring a football club in the EFL Championship, the second tier of English football. After earlier reporting that Spreadex was renewing its sponsorship of Watford FC,...
Capital.com launches bug bounty programme with Intigriti in Cybersecurity push
Leading Retail FX and CFDs broker Capital.com has announced the launch of a public bug bounty programme hosted on leading crowdsourced security platform, Intigriti. This initiative highlights the company’s proactive approach to cybersecurity and commitment to...
Bank of America to be Official Bank Sponsor of FIFA World Cup 26
FIFA today announced Bank of America as the Official Bank Sponsor of FIFA World Cup 26. Through this new partnership, FIFA and Bank of America will work together to support the growth of the global game and the tournament’s impact on football fans of all ages,...
Exclusive: Funds for Traders shuts after Eightcap cuts MT4/MT5 for prop firms
FNG Exclusive… FNG has learned that Netherlands based retail prop trading firm Funds for Traders (at website fundsfortraders.com) is shutting down. The company’s website is now showing a message (see full text below) stating that the company’s executing broker,...
TipRanks founders, employees, investors bought out by Prytek after receiving $200M outside offer
Retail trader investment tools and research provider TipRanks has announced that its largest shareholder, IT investment house Prytek, has taken its stake in the company from 40% to 80%, after buying out company founders Uri Gruenbaum and Gilad Gat, other company...
AI supercharges data center energy use – straining the grid and slowing sustainability efforts :: InvestMacro
By Ayse Coskun, Boston University The artificial intelligence boom has had such a profound effect on big tech companies that their energy consumption, and with it their carbon emissions, have surged.The spectacular success of large language models such as ChatGPT has...
Equiti becomes sleeve sponsor of Al Wahda FC
UAE based global online brokerage Equiti Group has announced its sponsorship of Abu Dhabi’s Al Wahda Football Club. The company said that this investment is more than just a sponsorship; it’s a celebration of community spirit and a commitment to supporting local...
Indices rise amid lower inflation in the US. Oil returned to decline due to reduced tension in the Middle East :: InvestMacro
By JustMarketsAt the end of Wednesday, the Dow Jones (US30) Index gained 0.61%, and the S&P 500 (US500) Index closed with an increase of 10.38%. The NASDAQ Technology Index (US100) closed yesterday positive 0.03%. Stocks found support on Wednesday after the US CPI...
Zip announces partnership with Stripe in the US
Zip (ASX:ZIP), a digital financial services company, today announced its integration as a payment method for U.S. merchants using Stripe. With the new integration, eligible merchants can easily enable Zip as a payment method with a single click, which can help attract...
Philly schools are in disrepair − the municipal bond market is 1 big reason :: InvestMacro
By David I. Backer, West Chester University of Pennsylvania The Conversation, CC BYMany of Philadelphia’s schools are in terrible shape. The average public school building in the city is over 70 years old, and some are over 120 years old. The state of disrepair,...
FIS unlocks Neural Payments solution to its clients
FIS (NYSE:FIS) today announced that it is unlocking the Neural Payments solution to its clients, expanding the availability of peer-to-peer (P2P) payments by leveraging the company’s global scale and NYCE debit rails to bring this capability to a wider range of...
Konsolidator introduces Banking app – FX News Group
Konsolidator introduces its newest application, Konsolidator Banking. This is in line with Konsolidator’s growth strategy, and growth initiatives announced in the annual report 2023. Konsolidator Banking allows the company to reach a new business segment by leveraging...
CFI sees 37% growth in trading volumes, 98% leap in active clients in Q2 2024
Leading online trading provider CFI has announced that it has continued its remarkable momentum from Q1 2024, achieving unprecedented milestones and setting new records in Q2 2024. This quarter’s achievements further solidifies CFI’s commitment to excellence,...
FCA censures Macintyre Hudson for failings in client asset reports
The UK Financial Conduct Authority (FCA) has censured the auditor Macintyre Hudson LLP (MHA) for failing to prepare client assets reports to the required standard. MHA failed to notify the FCA of rule breaches by firms it had audited, which could have put customers’...
Interactive Brokers adds CFDs on US stocks and ETFs to overnight trading
Electronic trading major Interactive Brokers (NASDAQ:IBKR) today announced the expansion of its overnight trading offering to include Contracts for Difference (CFDs) on US stocks and ETFs. In addition to US Stocks, ETFs, and Index Options, this expansion allows...
CQG adds study alerts, enhances profile charts in CQG One
CQG, a provider of high-performance technology solutions for traders, brokers, commercial hedgers and exchanges, has updated CQG One and CQG Desktop. CQG One & CQG Desktop Version 9.7 offer a series of enhancements: Charting Added option to hide drawing tools...
Binance registers as reporting entity with India’s Financial Intelligence Unit
Binance has registered as a reporting entity with India’s Financial Intelligence Unit (FIU). This achievement marks Binance’s 19th global regulatory milestone. Richard Teng, CEO of Binance, commented: “Our registration with the FIU-IND marks an important milestone in...
ATFX launches $1M client funds insurance via Lloyd’s
Leading global online broker ATFX has announced the launch of ATFX Client Funds Insurance. This comprehensive insurance policy assures the safety and security of client funds up to USD $1,000,000 per Claimant, further strengthening ATFX’s commitment to protecting...
CMC Markets’ Deputy CEO and CFO acquire shares under incentive plan
CMC Markets Plc (LON:CMCX), a global provider of online trading and platform technology, today reported transactions in its shares by members of its top management. David John Fineberg, deputy CEO of CMC Markets, and Albert Soleiman, CFO of the broker, acquired shares...
CFTC orders Vitol to pay $500k penalty for position limit violations
The Commodity Futures Trading Commission (CFTC) today issued an order filing and settling charges against Vitol, Inc., based in Houston, Texas, and its affiliate, Vitol SA, headquartered in Geneva, Switzerland for exceeding the CFTC’s position limits on aggregate...
USD/JPY Sees Retreat Amid US Dollar Weakness :: InvestMacro
By RoboForex Analytical DepartmentUSD/JPY has retreated from its peak this week, settling at 146.82. The yen gained some strength as the US dollar weakened following July’s lacklustre US Producer Price Index (PPI) data. This report bolstered market expectations for a...
SEC goes after Russell Todd Burkhalter, Drive Planning to halt $300M Ponzi scheme
The Securities and Exchange Commission (SEC) today announced that it obtained a preliminary injunction, asset freeze, and other emergency relief against Atlanta-based Drive Planning LLC and its founder and CEO, Russell Todd Burkhalter, to halt a $300 million real...
On breakout watch ahead of key events :: InvestMacro
Potential trading opportunities on horizon for CHINAHRaft of China data, Alibaba & JD.com earnings on ThursdayCHINAH respecting bearish channel on D1 chartsKey levels of interest – 5965, 6100 & 6225If you are seeking fresh market opportunities, then look no...
eToro launches three portfolios based on US political activity
Online brokerage eToro today launched three new Smart Portfolios, including one that copies Congress members’ stock buys. The portfolios, launched in partnership with investment research platform Quiver Quantitative, will all tap into publicly disclosed government...
RBNZ unexpectedly decreased the rate by 0.25%. Today the focus of investors is directed to the data on the inflation of the US and the UK :: InvestMacro
By JustMarketsOn Tuesday, the Dow Jones (US30) Index gained 1.04%, while the S&P 500 (US500) Index closed 1.68% higher. The NASDAQ Technology Index (US100) closed yesterday at a positive 2.43%. Stocks found support on Tuesday thanks to lower bond yields after US...
FSCS starts accepting claims against Central Markets Investment Management Ltd
The UK Financial Services Compensation Scheme (FSCS) has provided an update on Central Markets Investment Management Ltd. Central Markets Investment Management Limited (CMIML) went into creditors voluntary liquidation on 2 July 2024. Dominic Thiel-Czerwinke and Louise...
UK regulator bans Martin Sarl for dishonest and reckless conduct
The UK Financial Conduct Authority (FCA) has banned Martin Sarl from working in the financial services industry and fined him £5,021 for acting without honesty and integrity. Between 7 November 2017 and 24 October 2019, Mr Sarl, who was the sole director at Perry...
Vantage Copy Trading introduces multiple copy modes
Multi-asset broker Vantage Markets has introduced multiple copy modes in the Vantage App, offering traders greater flexibility to diversify their copy trades and refine their trading strategies. This exciting update reaffirms Vantage’s dedication to delivering...
FCA imposes £276,100 fine on FXTB for unfair customer treatment practices
The UK Financial Conduct Authority (FCA) has fined Cypriot CFD broker Forex TB Limited (FXTB) £276,100 for failing to treat its customers fairly, and for providing investment advice without being authorised to do so. FXTB pressured customers to put their money at risk...
GTN hires Saxo Bank alum Ahmad Abouardini as MENA Relationship Manager
Dubai based trading solutions provider GTN has announced the appointment of Ahmad Abouardini as Middle East Relationship Manager. Ahmad, a seasoned professional with over eight years at Saxo Bank (2011-2019) overseeing strategic relationships and platform sales in the...
Alex Manson joins Standard Chartered management team
Standard Chartered PLC today announced an update to its Management Team (MT). Alex Manson, CEO, SC Ventures, will join the MT, effective immediately. Bill Winters, Group Chief Executive, said: “We need to constantly adapt our strategy to ensure that we remain relevant...
BBVA’s AI Factory expands to Mexico and Türkiye
BBVA’s AI Factory, a center dedicated to developing artificial intelligence (AI) solutions, expands to Mexico and Türkiye in order to create products globally and leverage knowledge across the Group. With these new centers, BBVA aims to accelerate the adoption of...
BoE raises £914K for charity from auction of low serial number King Charles banknotes
The Bank of England has announced that an auction of King Charles III banknotes has raised £914,127 (USD $1.2 million) for charity. Following the issuance of the first new King Charles banknotes in June 2024, low serial number banknotes were auctioned for charity...
SEC obtains final judgment against broker posing as hedge fund manager
The Securities and Exchange Commission (SEC) has obtained a final judgment against Rand Heckler. On August 12, 2024, the New York Eastern District Court entered a final judgment against Rand Heckler, enjoining him from violating certain provisions of the federal...
Brent Crude Oil Faces Demand Concerns Despite Recent Gains :: InvestMacro
By RoboForex Analytical DepartmentAfter five consecutive days of upward movement, Brent crude oil is now experiencing a consolidation phase, with prices retreating slightly to 81.80 USD per barrel on Tuesday. Market sentiment is being influenced by renewed concerns...
MIAX Sapphire becomes OCC participant exchange
Equity derivatives clearing organization OCC today announced that MIAX Sapphire, LLC has become an OCC participant exchange. MIAX Sapphire, owned by parent holding company Miami International Holdings, Inc. (MIH), launched operation of the MIAX Sapphire electronic...
Set for more wild price swings? :: InvestMacro
Raft of UK data could rock UK100 this weekUK CPI sparked moves of ↑ 0.9% & ↓ 0.8% over past yearIncoming US CPI data may set tone for marketsKey levels of interest – 8120, 8200, 8310 Watch this space because FXTM’s UK100 index could see significant price...
Public launches Bond Accounts – FX News Group
Investing platform Public announces the launch of a Bond Account, a convenient way to invest in multiple bonds. The new Bond Account will allow members to invest in a diverse set of ten corporate bonds issued by companies across various industries, including...
WTI crude oil prices rise for the 5th day in a row. Australian dollar rises amid strong economic data :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones (US30) Index was down 0.36%, while the S&P 500 (US500) Index closed at its opening level. The NASDAQ Technology Index (US100) closed positively, 0.21%. Strengthening chip stocks supported the overall market, led by...
ZERO Markets named official trading partner of Wolverhampton Wolves
English Premier League football club Wolverhampton Wanderers FC, famously known as the Wolves, has announced that Australia based Retail FX and CFDs broker ZERO Markets is the club’s official trading partner, ahead of the 2024/25 EPL season opener away at Arsenal this...
Paysafe registers 9% Y/Y increase in revenues in Q2 2024
Payments platform Paysafe Limited (NYSE:PSFE) today announced its financial results for the second quarter of 2024. Total revenue for the second quarter of 2024 was $439.9 million, an increase of 9%, compared to $402.3 million in the prior year period, reflecting 7%...
Exclusive: Eightcap names Rositsa Radovanova as General Manager Europe
FNG Exclusive… FNG has learned that Australia based Retail FX and CFDs broker Eightcap has named Bulgaria based executive Rositsa Radovanova as General Manager, Europe at the company. Rositsa Radovanova joined Eightcap in 2021 and has served as Sales and Client...
ESMA recognises CDS Clearing and Depository Services as Tier 1 CCP
The European Securities and Markets Authority (ESMA) has signed a Memorandum of Understanding (MoU) with the British Columbia Securities Commission and updated its list of recognised third-country central counterparties (TC CCPs) under the European Markets...
Trader to pay $100k fine for violations of CME rules
International derivatives marketplace CME Group has issued a notice of disciplinary action against Andrew Middlebrooks. The Chief Regulatory Officer of CME Group’s Market Regulation Department issued charges against Andrew Middlebrooks for violating Rules 432.W. and...
Exclusive: Finstek hires T4B exec Sergei Gruzin as CCO
FNG Exclusive… FNG has learned that trading tech provider Finstek has hired Sergei Gruzin as its new Chief Commercial Officer (CCO). Sergei Gruzin joins Finstek from liquidity bridge solutions company Tools for Brokers, where – based in Singapore – he served as Head...
Salary of IG CEO Breon Corcoran set at £800k on appointment, not to be increased for FY25
Electronic trading major IG Group has published its latest annual report, shedding light on top management remuneration, including joining arrangements for Breon Corcoran. As announced in December 2023, following a comprehensive global search process Breon Corcoran...
SEC charges NovaTech in connection with $650M crypto fraud
The Securities and Exchange Commission (SEC) on Monday charged Cynthia and Eddy Petion, along with their company, NovaTech Ltd., for operating a fraudulent scheme that raised more than $650 million in crypto assets from more than 200,000 investors worldwide. The SEC...
CFI expands JFA partnership as league renames to “Jordanian Pro League – CFI”
Leading online broker CFI has announced a significant expansion of its strategic partnership with the Jordan Football Association (JFA) through its branch, CFI Jordan. This milestone includes the renaming of the Jordanian Pro League, the pinnacle of professional...
IG Group CEO Breon Corcoran steps down as Chair of Auction Technology Group
Electronic trading major IG Group Holdings plc (LON:IGG) has been notified that Breon Corcoran, Chief Executive Officer of the Company, has stepped down as Chair and Non-Executive Director of Auction Technology Group plc with effect from 9 August 2024. Mr Corcoran has...
Toru Nakashima joins Jefferies Board of Directors
Jefferies Financial Group, Inc. (NYSE:JEF) today announced the appointment of the Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) President and Group Chief Executive Officer, Toru Nakashima, to Jefferies’ Board of Directors effective August 12, 2024. The appointment...
Cboe Global Markets starts publishing intraday values for VIXTLT Index
Derivatives and securities exchange network Cboe Global Markets, Inc today announced it has begun publishing intraday values for the new Cboe 20+ Year Treasury Bond ETF Volatility Basis Point Index (VIXTLT Index). Leveraging Cboe’s proprietary VIX® Index methodology,...
SEC orders Cadaret, Grant & Co to pay over $6M
The Securities and Exchange Commission (SEC) today announced settled charges against New York-based registered investment adviser Cadaret, Grant & Co., Inc., for breaches of its fiduciary duty related to its receipt of third-party revenue without fully and fairly...
CME permanently suspends trader for engaging in prohibited disruptive practices
International derivatives marketplace CME Group today posted a notice of disciplinary action against Marcio Tavares. The Chief Regulatory Officer issued charges against Marcio Tavares for violating CME Rules 432.L.1., 575.A., and 575.B., based on allegations that on...
TrioMarkets targets Africa traders with Enyimba FC sponsorship
Nigerian Professional Football League club Enyimba FC has announced that Retail FX and CFDs broker Triomarkets has become its official global trading partner. The partnership will see the TrioMarkets logo featured on the club’s kits and other touch points for the...
TradingView adds data from Zhengzhou Commodity Exchange
TradingView has added futures data from the Zhengzhou Commodity Exchange (ZCE). Founded in 1990 as a pilot exchange in China’s futures market, ZCE operates under the regulation of the China Securities Regulatory Commission (CSRC). ZCE is committed to maintaining a...
Robinhood hires ex Lyft tech head Jeff Pinner as CTO
US neobroker Robinhood (NASDAQ:HOOD) has announced that Jeff Pinner has joined the company as Chief Technology Officer (CTO). Robinhood said that Jeff is a deeply respected innovator who will help the company accelerate its product roadmap, scale infrastructure,...
European gas prices jump to an 8-month high. Canada’s labor market is cooling down :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) was up 0.13% (for the week+1.17%), while the S&P 500 (US500) was up 0.47% (for the week+3.75%). The NASDAQ Technology Index (US100) closed positive 0.51% (for the week+6.57%). That day, all sectors ended trading in...
Trading Technologies closes acquisition of START
Trading Technologies International, Inc. (TT), a capital markets technology platform provider, today announced that TT’s acquisition of START, a broker-neutral trade optimization platform, from Abel Noser Holdings, is now complete. This represents the second and final...
NZD/USD gains momentum ahead of RBNZ meeting :: InvestMacro
By RoboForex Analytical DepartmentThe New Zealand dollar is steadily rising against the US dollar, with the NZD/USD pair reaching 0.6014 as of Monday. The financial markets are gearing up for Wednesday’s Reserve Bank of New Zealand (RBNZ) meeting. Analysts widely...
Nium seeks FX authorization in Brazil
Nium, a provider of real-time cross-border payments, is strengthening its presence in Latin America by applying for essential licenses, joining key fintech associations, expanding its employee presence, and signing new customers. This month Nium applied for a Payment...
Axi, Girona FC renew partnership for two more seasons
Retail Forex and CFD broker Axi has announced a renewal of its partnership with LaLiga club, Girona FC, for two more seasons. Since partnering with the Spanish club at the beginning of the 2023/24 season as their Official LATAM Online Trading Partner, the team have...
Spreadex renews as sponsor of Watford FC
Watford Football Club has announced that its partnership with financial spread betting and sports betting firm Spreadex has been renewed leading into the 2024/25 campaign. Watford FC competes in the EFL Championship, the second tier of English football. Spreadex...
Exclusive: William Mead named Head of Operations at IG Group
FNG Exclusive… FNG has learned that leading UK based online trading firm IG Group (LON:IGG) has named William Mead as the company’s new Head of Operations. William Mead has been at IG for 13 years, joining in 2013 in Trading Services before being named Global Head of...
Exclusive: UBS Executive Director of FX Sales Richard Turner moves to HSBC
FNG Exclusive… FNG has learned that global banking firm HSBC has hired experienced FX industry executive Richard Turner as Director, FX Sales in its London office. Richard Turner joins HSBC from Swiss bank UBS, where he worked for the past four years as Executive...
RoboForex enhances “Market Analysis” section on its website
Retail FX and CFD broker RoboForex has improved its in-house financial analysis content for traders. The improvements are already live in the “Market Analysis” section on the RoboForex website. The RoboForex “Market Analysis” offers daily market analysis and forecasts...
Japanese Yen, Natural Gas & Silver lead Bullish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on August 6th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Exclusive: Prop firm The Trading Pit’s Head of Dealing Hakam Thalji joins SquaredFinancial
FNG Exclusive… FNG has learned that Cyprus based Retail FX and CFDs broker SquaredFinancial has hired experienced industry executive Hakam Thalji, as the company’s new Head of Dealing. Hakam Thalji joins SquaredFinancial after spending the past year at retail prop...
Speculators sharply pare back Japanese Yen bearish bets :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 6th and shows a quick view of how large market...
FX week in review: CFI acquires, CySEC onboarding rules, South Africa licenses, Robinhood record results
Where did Retail FX and CFDs broker CFI expand by acquiring a local broker? What are CySEC’s new rules for digital onboarding of clients? Which Cyprus based brokers received new licenses in the growing South Africa market? What were the main drivers behind Robinhood’s...
Speculator Bets led by Russell & S&P 500 :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 6th and shows a quick view of how large traders...
Speculator Bets led by Corn & Soybeans :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 6th and shows a quick view of how large...
Speculator Bets led lower by Gold & Copper :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 6th and shows a quick view of how large traders...
Speculator Bets led by SOFR 3-Months & Fed Funds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 6th and shows a quick view of how large...
SEC charges Pacific Financial with Marketing Rule violation
The Securities and Exchange Commission (SEC) today announced settled charges against The Pacific Financial Group, Inc., a registered investment adviser based in Bellevue, Washington, for violating the Marketing Rule. The charges concerned Pacific Financial advertising...
US30 index still sensitive to US recession fears :: InvestMacro
By ForexTime Markets still obsessed with deciphering US recession risks Home Depot, Walmart earnings offer pulse on US economyLatest US inflation data also holds clues about Fed’s next movesEconomically-sensitive US30 stock index ready to punch above 50-day SMA...
EUR/USD Stabilises Amid Fed Speculation and Absence of Major Economic Data :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair has found some stability at around 1.0921 this Friday, following a week marked by high volatility. Market participants have been adjusting their positions in response to speculations concerning the US economy’s...
The Bank of Mexico unexpectedly cut its interest rate. China’s consumer inflation is on the rise :: InvestMacro
By JustMarketsAt Thursday’s close, the Dow Jones Industrial Average (US30) was up 1.76%, while the S&P 500 Index (US500) added 2.30%. The NASDAQ Technology Index (US100) closed positive 2.87% on Thursday. Stocks rose on Thursday after the weekly number of US...
FxPro adds SPY ETF and QQQ ETF to lineup of investment instruments
FxPro News/ Retail Forex News Maria Nikolova August 9, 2024 Retail FX and CFD broker FxPro has expanded its list of trading instruments by adding two new ETFs. FxPro now offers two of the biggest US ETFs: SPY and QQQ. Clients of the broker can trade these instruments...
FCA issues final notice to Equitrade Markets
The UK Financial Conduct Authority (FCA) today issued to Equitrade Markets Ltd a Decision Notice which notified the firm that the Authority had decided to cancel its Part 4A permission. It appears to the regulator that the firm is failing to satisfy the suitability...
Barclays Capital fined for alleged violations of Cboe rules
Cboe Exchange, Inc. has issued a notice of disciplinary decision against Barclays Capital Inc. From in or about July 2017 through the present, Barclays failed to record accurate order entry times for thousands of manual options orders it transmitted to third-party...
CVC, Nordic Capital, Platinum Ivy make final acquisition offer for Hargreaves Lansdown
The independent directors of Hargreaves Lansdown plc (LON:HL) and the board of directors of Harp Bidco Limited announce that they have reached agreement on the terms and conditions of a recommended final cash acquisition by Bidco of the entire issued, and to be...
Deriv Co-CEO Rakshit Choudhary on 25 years in business, and what’s ahead
FNG Exclusive Interview… 2024 marks the 25th anniversary of multi-regulated Retail FX and CFDs broker Deriv. We thought that it would be a good time to catch up with Deriv Co-CEO Rakshit Choudhary on the past 25 years, what’s ahead, where the company is growing,...
FCA warns against Plus500 clone
The UK Financial Conduct Authority (FCA) has issued a warning against a clone of retail FX and CFD broker Plus500. Clone firms are unauthorised entities that abuse the data (name, logo, address, etc) of authorised firms in order to lure victims more easily. Despite...
Citi Securities Services selected by TDCC for global custody services
Citi Securities Services has been selected by the Taiwan Depository & Clearing Corporation (TDCC) to provide global custody services as the latter implements a new centralized custody platform in the market. TDCC’s centralized custody platform is being developed...
Nasdaq Private Market adds Bank of America as investor
Nasdaq Private Market (NPM), a provider of secondary liquidity solutions to private companies, employees, and investors, announced today that it has added Bank of America as an investor. NPM’s existing investor consortium of premier global financial institutions has...
Exclusive: Valutrades’ Head of Dealing Samin Aref Zaher moves to SGX CurrencyNode
FNG Exclusive… FNG has learned that longtime Valutrades executive Samin Aref Zaher has left the company and moved SGX CurrencyNode, as Liquidity Manager. Launched in 2022 by Singapore’s SGX Group, SGX CurrencyNode seeks to become a leading anonymous Asian FX trading...
Dukascopy Bank warns of clones of its website
Dukascopy Bank SA today issued a warning against three fraudulent websites that abuse its brand. The following websites are clones: https://dukascopys.app/ https://dukascopybanks.us/ https://dukascopybankfx.com/ Clones are fraudulent entities that abuse the details...
Gold (XAU/USD) Recovers Amid Rate Cut Expectations :: InvestMacro
By RoboForex Analytical DepartmentGold (XAU/USD) prices have rebounded to 2394 USD per troy ounce, paring previous losses as the likelihood of a US Federal Reserve rate cut increases. Market sentiment is increasingly cautious amid recession fears, influencing stock...
CFTC secures $12.7bn judgment against FTX and Alameda
The Commodity Futures Trading Commission (CFTC) today announced the U.S. District Court for the Southern District of New York entered a consent order of permanent injunction and other equitable relief against FTX Trading Ltd. and Alameda Research LLC and ordered FTX...
RBI kept rates at 6.5%. The Canadian dollar is strengthening due to foreign currency inflows and rising oil prices :: InvestMacro
By JustMarketsAt Wednesday’s close, the Dow Jones Index (US30) was down 0.60%, while the S&P 500 Index (US500) decreased by 0.77%. The NASDAQ Technology Index (US100) closed negative 1.05%. Yesterday, chip stocks gave up early gains and retreated, which had a...
Exclusive: Doo Group Head of Institutional Clients Fraser Nelson departs
FNG Exclusive… FNG has learned that Fraser Nelson, Head of Institutional Clients for FX and CFDs broker Doo Group, has left his position with the company. Fraser Nelson joined Doo Group in its Cyprus office in 2022, and has since served as both Head of Institutional...
Best-performing financial assets so far in 2024 :: InvestMacro
By ForexTime US Dollar still reigns, though perhaps not much longerGBP: best-performing G10 currency vs. USD year-to-date (YTD)NETH25: FXTM’s best-performing stock index YTDCocoa: FXTM’s best-performing commodity YTDNvidia: best-performing stock on the S&P 500...
FCA interventions lead to 3,273 promotions being amended or withdrawn in Q2 2024
The UK Financial Conduct Authority (FCA) has published the latest data on financial promotions. The data was generated between 1 April 2024 and 30 June 2024 from FCA actions against firms breaching financial promotion rules. The interventions by the FCA in the second...
eToro adds 12 new stocks from Copenhagen Stock Exchange
Online broker eToro has added 12 new stocks from the Copenhagen Stock Exchange to its platform. The latest additions bring the total number of assets available to trade on eToro’s platform to 6,500 available assets. The new stocks include: $NETC.CO (Netcompany Group...
Nuvei partners with Scanco Software
Canadian fintech company Nuvei Corporation (TSX:NVEI) today announced its partnership with Scanco Software, LLC to enhance Scanco’s new Invoice2Payment (i2PAY) solution. i2PAY complements Scanco’s existing warehouse management capabilities with payments features...
Exclusive: Prop firm The Trading Pit sees departure of Head of Marketing Periklis Hanna
FNG Exclusive… FNG has learned that Periklis Hanna has left his position as Head of Marketing at Cyprus based prop trading firm The Trading Pit. The move comes several weeks after The Trading Pit’s Chief Marketing Officer (CMO), Themis Christou – who recruited Mr....
CFTC secures Court order against operator of Tradeanedge Members Fund
The Commodity Futures Trading Commission (CFTC) has secured a Court order that puts an end to its lawsuit against Harris Bruce Landgarten, operator of Tradeanedge Members Fund (TMF). On August 7, 2024, Judge Joan M. Azrack of the New York Eastern District Court signed...
Verifying facts in the age of AI – librarians offer 5 strategies :: InvestMacro
By Tracy Bicknell-Holmes, Boise State University; Elaine Watson, Boise State University, and Memo Cordova, Boise State University The phenomenal growth in artificial intelligence tools has made it easy to create a story quickly, complicating a reader’s ability to...
Standard Chartered invests in United Fintech
Following Danske Bank, Citi and BNP Paribas, UK based banking firm Standard Chartered has confirmed its investment in United Fintech, a London headquartered neutral Digital Transformation platform which acquires and forms partnerships with fintech companies in the...
Why Progressive (PGR) Stands Out :: InvestMacro
By The Ino.com TeamIn July, U.S. consumer confidence unexpectedly ticked up, offering a glimmer of optimism despite ongoing concerns about inflation and rising borrowing costs. The Federal Reserve’s closely watched gauge revealed that inflation eased slightly in June,...
Capital.com integrates Newsquawk real-time news feeds to empower retail traders
Leading Retail FX and CFDs broker Capital.com has announced a strategic partnership with leading market real-time news platform, Newsquawk. With this partnership, Capital.com clients will have access to instant, market-moving news typically reserved for institutional...
This Trend Will Likely Soon Rock the U.S. Financial System :: InvestMacro
Why monetary inflation has been shrinking By Elliott Wave InternationalNearly everyone who buys groceries, fills their car tank with gas, pays rent, buys car insurance and so on is talking about the high cost of living. And it’s true that consumer price inflation is...
SEC brings fraud charges against Taylor Woods and Howard Wu
The Securities and Exchange Commission (SEC) has taken action against Taylor Woods and Howard Wu. The relevant complaint was filed on August 6, 2024, at the California Central District Court. This case concerns two securities fraud schemes perpetrated by Defendants...
Panic selling of indices is over. New Zealand’s rising unemployment brings the RBNZ easing cycle closer :: InvestMacro
By JustMarketsAt Tuesday’s close, the Dow Jones (US30) Index was up 0.76%, while the S&P 500 (US500) Index was up 1.04%. The NASDAQ Technology Index (US100) closed positive 1.03%. US stocks recovered strongly on Tuesday, rebounding after a three-day sell-off. Dip...
CFI introduces Pre and Post-Market trading for US-listed shares
Leading online broker CFI has announced the launch of pre and post-market trading on physical US-listed shares through its CFI Multi-Asset platform. This new feature allows traders to capture opportunities outside standard trading hours, exemplifying CFI’s commitment...
Anticipating a Correction :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil’s price increased to 76.88 USD per barrel on Wednesday, continuing to rise for the second consecutive session. This rebound helps mitigate previous losses, which were part of a broader market risk aversion...
TradingView introduces tick charts (beta)
TradingView is introducing one of the most historically requested features: tick charts (in beta). Tick charts allow you to build bars based on a defined number of transactions rather than fixed time intervals. Each bar on such a chart represents a set number of...
Cboe plans to launch options on Cboe Volatility Index (VIX) futures
Cboe Global Markets, Inc today announced plans to launch options on Cboe Volatility Index (VIX) futures. The new options on VIX futures (VX) are expected to begin trading on Cboe Futures Exchange, LLC (CFE) on October 14, subject to regulatory review. Cboe currently...
Pershing fined for failing to report millions of fractional share trades to FINRA/Nasdaq Trade Reporting Facility
Pershing LLC has agreed to pay a fine of $175,000 fine as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From June 1997 through June 2023, Pershing failed to report millions of fractional share trades executed in a principal capacity...
TP ICAP to commence third share buyback programme of £30M
Following the imminent completion of its second buyback programme of £30 million, TP ICAP Group plc (LON:TCAP) announces that it will commence a third share buyback programme, starting once the Second Buyback completes, of TP ICAP’s ordinary shares of 25p each for a...
FCA on crypto marketing: If firms do not improve we will act
UK financial regulator The FCA has announced that it recently reviewed several crypto firms’ compliance with certain financial promotion rules, designed to help people better understand the risks of investing in crypto. The crypto marketing rules regime, introduced by...
1Market operator Exelcius Prime hit with €740K fine by CySEC
Cyprus financial regulator CySEC has just issued one of the largest fines ever handed out to a Retail FX and CFDs broker, announcing a €740,000 fine to CIF holder Exelcius Prime Ltd. Exelcius Prime had its CySEC license suspended back in 2022. The company previously...
Equals updates on strategic review
Equals Group plc (LON:EQLS) today issued an update on the review of its strategic options. On 10 July 2024 the Board of Equals announced that it had received an improved indicative non-binding proposal from the consortium comprising Embedded Finance Limited (“Railsr”)...
H2O to pay €250M to investors following FCA investigation
Asset manager H2O AM LLP will pay €250 million to investors unable to access their funds since 2020, following an investigation by the UK Financial Conduct Authority (FCA). Between April 2015 and November 2019, H2O failed to carry out proper due diligence on...
Saxo Bank Japan suspends fixed spreads on EUR/JPY
Saxo Bank Securities Co., Ltd., the Japanese subsidiary of multi-asset investment specialist Saxo Bank, today issued a brief notice regarding trading conditions. The broker announced the temporary suspension of fixed spreads on EUR/JPY. Saxo explains that various...
Exness granted South Africa FSCA ODP license
Leading multi-asset retail broker Exness has announced that South Africa financial regulator The Financial Sector Conduct Authority (FSCA) has granted the company an ‘Over-the-Counter Derivative Provider’ (ODP) license in South Africa, broadening its license...
Broadridge registers rise in revenues in Q4 FY24
Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the fourth quarter and fiscal year 2024. Total revenues increased 6% to $1,944 million in the final quarter of fiscal year 2024 from $1,839 million in the prior year period. Recurring...
CySEC outlines new rules on digital onboarding
The Cyprus Securities and Exchange Commission (CySEC) today published a Policy Statement on the enhancement of the non-face-to-face customer onboarding process with electronic methods to outline its new rules on digital onboarding. Obliged Entities within the meaning...
OptionMetrics releases its new IvyDB Signed Volume intraday dataset
OptionMetrics, an options, equities, ETFs, and futures analytics provider for institutional investors and academic researchers worldwide, has released its new IvyDB Signed Volume intraday dataset, now available in five-minute and 30-minute snapshot intervals...
Exclusive: easyMarkets gets South Africa FSCA license
FNG Exclusive… FNG has learned that Cyprus based Retail FX and CFDs broker easyMarkets has obtained a Financial Sector Conduct Authority (FSCA) license for a new subsidiary of the company in South Africa. Other easyMarkets entities are already licensed by CySEC in...
NZD/USD Sees Recovery After Hitting Nine-Month Low :: InvestMacro
By RoboForex Analytical DepartmentThe NZD/USD pair has shown signs of recovery, reaching 0.5941 after initially plunging to a nine-month low. This downturn was triggered by concerns over a potential US recession, driven by weak job sector data, which rattled global...
Interactive Brokers enables its clients to access listed derivatives on Bursa Malaysia
Interactive Brokers (NASDAQ:IBKR), an automated global electronic broker, has announced that its clients can now access listed derivatives on Bursa Malaysia, one of the largest bourses in ASEAN. With this launch, Interactive Brokers’ clients can now trade Crude Palm...
AIs encode language like brains do − opening a window on human conversations :: InvestMacro
By Zaid Zada, Princeton University Language enables people to transmit thoughts to each other because each person’s brain responds similarly to the meaning of words. In our newly published research, my colleagues and I developed a framework to model the brain activity...
In Discussion with Andy Biggs: Introducing Cutting-Edge Technology for Prime of Prime Trading
The latest advancements in prime of prime trading technology are transforming the financial landscape, unlocking new benchmarks in what is possible for performance and efficiency. In an exclusive Q&A session, Andy Biggs, Finalto’s Group Head of Risk & Trading,...
Forced closures of carry-trade positions led to a crash in indices on Monday. The RBA maintained its policy settings :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones (US30) Index was down 2.60%, while the S&P 500 (US500) Index fell by 3.00%. The NASDAQ Technology Index (US100) closed negative 3.43%. The S&P 500 and Nasdaq 100 Indexes fell to 3-month lows, and the Dow Jones...
iSAM Securities expands liquidity offering adding 16 instruments including China H Shares, Commodities
London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that it has expanded its liquidity offering with the addition of 16 new instruments, including China H Shares, Cocoa, Coffee Arabica, Coffee Robusta, Cotton, Singapore 30...
HK virtual banks reach 2.2M depositors
The Hong Kong Monetary Authority (HKMA) issued today a report on its review of virtual banks (VBs). The review was conducted in 2024, several years after the eight VBs commenced their business in 2020, to look into their operations and impact on the Hong Kong banking...
FlowBank bankruptcy weighs on CoinShares’ principal investments performance in Q2 2024
CoinShares International Limited, a European investment company specialising in digital assets, has today published its results for the quarter ending June 30, 2024. Principal Investments generated a loss of £24.8 million (Q2 2023: £0.2 million loss) in the second...
Exclusive: CME Group’s head of eFix Matching Kyle Jannece departs
FNG Exclusive… FNG has learned that longtime London based CME Group executive Kyle Jannece is leaving the company. Kyle Jannece has served as Head of Mid-Matching for CME Group since 2018, managing CME’s Mid-Matching products (Cash Markets Division), which includes...
Robinhood cancels 24 hour trading Monday-Tuesday
In the wake of the equity (and crypto) market meltdown on Monday, leading US neobroker Robinhood (NASDAQ:HOOD) has announced that its Robinhood 24-hour overnight trading facility would not be available from Monday (August 5) into Tuesday (August 6). Monday saw a more...
IG stops accepting PayPal payments in the UK
Electronic trading major IG no longer supports PayPal as a payment option, according to IG’s Community forum. An IG representative has confirmed that PayPal payment options will no longer be available with the broker in the UK. “This decision follows discussions with...
CFI expands to Azerbaijan acquiring AzFinance
CFI, a global leader in online trading, has announced its entry into Azerbaijan through the acquisition of AzFinance İnveŞtisiya Şirkəti (AzFinance Investment Company). This milestone positions CFI as the first international company to establish a local presence in...
NFA permanently prohibits East West Global from membership
The US National Futures Association (NFA) has permanently prohibited East West Global LLC, a former NFA Member commodity pool operator located in Glencoe, Ill., from reapplying for membership and from acting or being listed as a principal of an NFA Member. NFA has...
CME Group marks record Live Cattle options OI
International derivatives marketplace CME Group today announced that its Live Cattle options reached all-time record open interest of 410,120 contracts on August 1, 2024. The new record surpassed the previous record of 399,626 set on July 31, 2014. “With demand high...
Key Factors Boosting JPY :: InvestMacro
By RoboForex Analytical DepartmentThe Japanese yen continues its recovery rally. The USDJPY pair falls to 143.38 on Monday.This development is likely only the midpoint of the process as the market regains past losses and brings the JPY to equilibrium. USDJPY is...
Exclusive: Robinhood hires David Schwed to head brokerage information security
FNG Exclusive… With the issue of cyber security – and specifically the security of client information at financial institutions – becoming ever more important, FNG has learned that leading US neobroker Robinhood (NASDAQ:HOOD) has gone outside the organization to hire...
Why are Stock, FX, Crypto markets falling? :: InvestMacro
By ForexTime Risk assets (global stocks, cryptos, etc.) plummetingHigher US unemployment rate fuelling US recession fearsMarkets fear Fed may be too late to fend off recessionSafe havens JPY, CHF rising against all G10 peersVolatile markets present trading...
TradingView adds Session volume profile to lineup of chart types
TradingView has added a new type of chart to help its users better understand the dynamics of trading volume — Session volume profile. Session volume profile (SVP) calculates volume data within a specified session or sub-session, allowing traders to analyze the...
The US dollar fell to a 12-year low. Bitcoin lost 10% of its value during the day :: InvestMacro
By JustMarketsAt the end of Friday, the Dow Jones Index (US30) fell by 1.51% (for the week -2.28%), and the S&P 500 Index (US500) lost 1.84% (for the week -2.37%). The NASDAQ Technology Index (US100) closed negative 2.43% (for the week -3.83%). On Friday, the US...
Nuvei to acquire Pay2All – FX News Group
Canadian fintech company Nuvei Corporation (TSX:NVEI) today announces that it has entered into a definitive agreement to acquire Pay2All Instituição de Pagamento Ltda., a licensed Payment Institution authorized by the Central Bank of Brazil. This strategic milestone...
Exclusive: Taurex hires MultiBank alum James Watts as Commercial Director
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Taurex has hired experienced FX industry executive James Watts, as the company’s new Commercial Director in Dubai. James Watts was previously Head of International Sales for MultiBank (2019-2021), Head of...
Short extension granted for Hargreaves Lansdown offer by CVC, Nordic Capital, SCSP
Hargreaves Lansdown plc (LON:HL) today provided an update on its discussions with CVC Advisers Limited, Nordic Capital XI Delta, SCSP, and Platinum Ivy B 2018 RSC Limited. On 19 July 2024, the independent Board of Hargreaves Lansdown announced that the consortium was...
FCA cancels OSIRIS Capital Partners’ permission to carry on regulated activities
The UK Financial Conduct Authority (FCA) has decided to cancel the Part 4A permission of OSIRIS Capital Partners LLP. The effect of the cancellation is that the firm no longer has permission to carry on any regulated activities. The firm was authorised by the...
OANDA Japan to introduce OI market capitalization limit
OANDA Japan Inc, a subsidiary of online broker OANDA Corporation, will introduce open interest market capitalization limit. The change will be implemented at the start of trading on Monday, August 12, 2024. For the NY Server, the total value of all subaccounts will be...
Binance Pay to cease support for Pay ID
As Binance conducts regular reviews of its product offerings, Binance Pay will gradually cease support for Pay ID from 2024-08-06 (UTC). Sending and receiving crypto via Binance ID, email, or phone is not impacted. Users are encouraged to start switching to these...
IG warns of option markets not pricing
Electronic trading major IG has notified its clients of option markets not pricing in the real world. Responding to a trader’s question in the Community forum, an IG representative stated: “Please note that global option markets are currently not pricing in the real...
Exness launches biggest-ever brand campaign “Born to Trade”
Exness, one of the world’s largest multi-asset brokers, has just announced the launch of its biggest global brand campaign, “Born to Trade”. Debuting on August 5, alongside a powerful video ad which speaks to its overall narrative, the campaign targets traders who...
Coffee, GBP, Gasoline, Cotton & CAD lead Bullish & Bearish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on July 30th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Exclusive: Cboe FX exec Rahul Bowry joins 360T to head APAC sales
FNG Exclusive… FNG has learned that institutional FX platform and services provider 360T has hired experienced FX industry executive Rahul Bowry, as the company’s new Head of Sales APAC. He will be based out of Singapore for his new role at 360T. Rahul Bowry joins...
Exclusive: Seeking Alpha VP Marketing Mayer Reich departs
FNG Exclusive… FNG has learned that Seeking Alpha’s Vice President of Marketing, Mayer Reich, has left the company. Mayer Reich joined Seeking Alpha last year, as was also exclusively reported at the time here at FNG, after spending the previous 16 years at RankAbove,...
FX week in review: Capital.com MENA expansion, XTB results disappoint, Hantec brand refresh, IC Markets hires GM
What are Capital.com’s plans for expansion in the MENA region, out of its growing office in the UAE led by Tarik Chebib? What led to a significant decline in Revenues (-31%) and Profits (-47%) at XTB.com in Q2-2024? What are the top marketing mistakes made by brokers?...
XTB Revenues drop 31%, Profit off 47% in slow Q2 2024
Following a set of record results in Q1, Poland based Retail FX and CFDs broker XTB has reported its preliminary results for Q2 2024 indicating a major decrease in activity, leading to lower Revenues and Profit at the company. Revenues at XTB for the second quarter of...
New Highs as Fed Rate Cut Looms :: InvestMacro
By RoboForex Analytical DepartmentThe price of gold (XAUUSD) continues its upward trajectory, hitting a new peak at 2460 USD per troy ounce on Friday. The surge in gold prices is largely driven by growing expectations that the US Federal Reserve will soon reduce...
Exclusive: ATFX Connect hires Taurex exec Amer Zino as Director of Business Development
FNG Exclusive… FNG has learned that leading Retail FX and CFDs broker ATFX has continued a recent hiring spree of senior executives, adding Dubai based Amer Zino as Director of Business Development for its ATFX Connect institutional services arm. Amer Zino joins ATFX...
Revenue from retail investment intermediation in the UK marks slight decrease in 2023, FCA data shows
The UK Financial Conduct Authority (FCA) today posted its latest analysis of the intermediary sector based on data drawn from the Retail Mediation Activities Return (RMAR) for 2023. Firms that provide advice on, or arrange, mortgages, insurance policies or retail...
Stock indices sold off on concerns that the Fed is behind on rate cuts. :: InvestMacro
By JustMarketsOn Thursday, US indices were declining, with the Dow Jones (US30) Index down 1.21% and the S&P 500 (US500) Index down 1.37%. The NASDAQ Technology Index (US100) closed negative 2.30%. Weaker-than-expected US economic news caused a liquidation of...
Cboe registers 11% Y/Y increase in global FX net revenue in Q2 2024
Cboe Global Markets, Inc today reported financial results for the second quarter of 2024. Total revenues less cost of revenues of $513.8 million increased 10%, compared to $467.1 million in the prior-year period, a result of increases in cash and spot markets,...
How a new trend is challenging consumer culture :: InvestMacro
By Omar H. Fares, Toronto Metropolitan University and Seung Hwan (Mark) Lee, Toronto Metropolitan University A new TikTok trend called “underconsumption core” is gaining traction online. This trend champions minimalism and frugality, and encourages people to maximize...
Pershing to pay $1.4M fine for alleged FINRA rule violations
Pershing LLC has agreed to pay a fine of $1.4 million as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From January 2010 through December 2022, Pershing distributed more than one million account statements and trade confirmations...
CFTC, KuCoin indicate progress towards resolution of lawsuit
The Commodity Futures Trading Commission (CFTC) and KuCoin have hinted at fruitful negotiations that may put an end to a lawsuit brought by the regulator earlier in 2024. In a letter addressed to Judge Valerie E. Caproni of the New York Southern District Court, the...
NZ Court places Du Val Group into interim receivership
The High Court of New Zealand has placed Du Val Capital Partners Limited together with a number of entities within the Du Val Group, into interim receivership, at the request of the Financial Markets Authority (FMA). The interim receivership orders were also made in...
Australian regulator removes N.M. Super’s additional licence conditions
The Australian Prudential Regulation Authority (APRA) has removed additional licence conditions imposed on N.M. Superannuation Proprietary Limited (N.M. Super) in response to governance and risk management concerns. N.M. Super, which is part of the AMP group of...
ICE fines Merrill Lynch Commodities $1M for alleged rule violations
ICE Futures U.S. has posted a disciplinary notice against Merrill Lynch Commodities, Inc (MLCI). On July 31, 2024, a subcommittee of the Exchange’s Business Conduct Committee (BCC) determined that Merrill Lynch Commodities, Inc may have violated Exchange Rules 6.20(b)...
Exclusive: IC Markets hires Credit Agricole alum Ben Singleton as General Manager
FNG Exclusive… FNG has learned that leading Australia based Retail FX and CFDs broker IC Markets has filled a hole in its senior management ranks, hiring longtime Credit Agricole executive Ben Singleton as the company’s new General Manager. He will be based at company...
Interactive Brokers introduces Forecast Contracts on economic and climate indicators
Interactive Brokers Group (NASDAQ:IBKR) announced that its wholly-owned subsidiary, the CFTC-regulated ForecastEx LLC, started operations on August 1, 2024. Clients of Interactive Brokers from eligible countries can now trade Forecast Contracts on upcoming economic...
Interactive Brokers registers 38% Y/Y rise in DARTs in July 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just reported its operating metrics for July 2024. The brokerage registered 2.756 million Daily Average Revenue Trades (DARTs) in July 2024, 38% higher than prior year and 12% higher than prior...
September US rate cut in the bag? :: InvestMacro
Fed leaves rates unchanged but signals possible September cutIncoming US jobs report likely to shape expectationsNAS100: NFP sparked moves of ↑ 1.5% & ↓ 0.7% over past yearGold: ↑ 2% this week, ready to retest records?USDInd: Trapped in range, key levels – 103.65...
eToro expands list of trading instruments by adding new German stocks, LSE stocks and ETFs
Online broker eToro today announced the addition of 290 new German stocks, 200 new LSE stocks and 8 new LSE ETFs to the list of investment instruments. The new assets take the total of available assets to 6,500. You can see some of the latest additions listed below:...
The US Federal Reserve is set to cut rates in September. Today, investors are focused on the Bank of England meeting :: InvestMacro
By JustMarkets On Tuesday, US stocks traded mixed: the Dow Jones Index (US30) gained 0.24%, while the S&P 500 Index (US500) rose 1.28%. The NASDAQ Technology Index (US100) closed positive 2.64%. Stocks soared to highs when Fed Chair Powell said that upside risks...
Robert Swaak to step down as CEO of ABN AMRO
ABN AMRO Bank N.V. announced today that CEO Robert Swaak will not complete his term of office at the bank. In consultation with the Supervisory Board, it has been decided that he will step down in the first half of 2025. Robert Swaak commented: “Over these past years,...
GBP/USD Under Pressure as Market Anticipates Bank of England Rate Decision :: InvestMacro
By RoboForex Analytical DepartmentThe British pound sterling continues to decline steadily against the US dollar. The GBP/USD pair is trending towards 1.2848.On the one hand, the pressure from the USD rate is evident. On the other hand, investors are awaiting the...
ICE registers record net revenues of $2.3bn in Q2 2024
Intercontinental Exchange (NYSE:ICE) today reported financial results for the second quarter of 2024. For the quarter ended June 30, 2024, consolidated net income attributable to ICE was $632 million on $2.3 billion of consolidated revenues, less transaction-based...
Genesis release 8.2 boosts data pipelines
This month, Genesis is releasing several powerful features to help developers build and configure complex functions required in financial markets applications even more rapidly. To start, Genesis has upgraded how Genesis works with data sources and data sinks, as well...
Match-Trader upgrade for prop firms includes TradingView charts, Tournaments offer
Leading multi-asset trading platform provider Match-Trade Technologies has announced a new upgrade to its Match-Trader platform offer, specifically tailored to boost the growth of proprietary trading (prop) firms. The latest development integrates TradingView charts...
Dukascopy notifies public of another fraudulent clone
Dukascopy Bank SA today issued a warning about its website’s fraudulent clone operating via the domain https://dukascon.com/. Clones are unauthorised entities that abuse the data (logo, address, etc) of authorised companies in order to lure victims more easily. In...
OANDA Japan resumes opening of new positions in TRY/JPY and USD/TRY
Retail Forex broker OANDA Japan has issued a notice to its clients regarding trading in TRY/JPY and USD/TRY on the Tokyo server. The broker has now resumed new position opening for the following Turkish Lira (TRY)-related instruments, which were previously subject to...
Rakuten Wallet, CALIVERSE partner on Web3 and Metaverse business expansion
Rakuten Wallet, Inc., an operator of a crypto asset exchange business, today announced that it has signed a Memorandum of Understanding with CALIVERSE Inc., a South Korean metaverse development company that belongs to the Lotte Group, to form a strategic partnership...
SpeedTrader fined for failing to reasonably supervise for potentially manipulative trading
SpeedTrader, Inc. has agreed to pay a fine as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). At all relevant times, SpeedTrader provided direct market access to approximately 570 customers, consisting mostly of day traders, including...
FINRA warns of risks stemming from extended-hours trading
The Financial Industry Regulatory Authority (FINRA) has issued a notice explaining the risks associated with extended-hours trading. Regular trading hours for listed stocks, as defined by the Securities and Exchange Commission (SEC), are from 9:30 a.m. to 4 p.m. ET....
ESMA warns of EU crypto firms using their offshore execution venues
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor authority, has issued an Opinion to address the risks presented by global crypto firms seeking authorisation under the Markets in Crypto Assets (MiCA) Regulation...
SEC charges South Bay Acquisitions in connection with alleged Ponzi scheme
The Securities and Exchange Commission (SEC) today charged South Bay Acquisitions, LLC and its principal, John N. Matson of San Diego, California, with defrauding five investors, including some of his former brokerage customers. According to the SEC’s complaint,...
USD/JPY Plummets as Bank of Japan Tightens Policy :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair has experienced a sharp decline, currently at 152.79, following decisive monetary policy adjustments by the Bank of Japan (BoJ). In a significant shift, the BoJ raised its interest rate to 0.25% per annum and unveiled...
eToro launches staking for Solana and Ethereum
Online broker eToro announces today that it has launched staking on Solana (SOL) and Ethereum (ETH), enabling users to earn rewards in return for opting in. “Staking is essential to blockchains that use a proof-of-stake consensus mechanism, such as Solana and...
Oil rises amid escalation of conflict in the Middle East. Inflationary pressures in Australia are easing :: InvestMacro
By JustMarketsUS stocks traded mixed on Tuesday, with the Dow Jones (US30) Index up 0.50% and the S&P 500 (US500) Index down 0.50%. The NASDAQ Technology Index (US100) closed yesterday negative 1.28% and fell to an 8-week low. Stocks gave up early gains on Tuesday...
FCA imposes restrictions on London Stone Securities
The UK Financial Conduct Authority (FCA) has imposed restrictions on wealth management firm, London Stone Securities Limited. The firm cannot undertake any regulated activity, charge any further fees to existing clients or take on new clients without FCA’s express...
ASIC extends relief for foreign financial services providers from requirement to hold AFS license
The Australian Securities and Investments Commission (ASIC) is extending for a further 12 months the transitional relief for foreign financial services providers (FFSPs) from the requirement to hold an Australian financial services (AFS) licence when providing...
SEC charges individual with insider trading ahead of announcement of ADT partnership with Google
The Securities and Exchange Commission (SEC) has charged Palm Beach County resident Charles Baugh with violations of the anti-fraud provisions of the federal securities laws in connection with his trading in the securities of ADT, Inc. ahead of an announcement that...
HSBC appoints Jonathan Bingham as Interim Group CFO
HSBC Holdings plc today announces that Jonathan (Jon) Bingham has been appointed as Interim Group Chief Financial Officer with effect from 2 September 2024. He will not be appointed as an Executive Director. Mr Bingham will retain his existing responsibilities as...
Vedant Gaur joins Sterling Trading Tech as Sales Director
Sterling Trading Tech, a provider of technology in order management, risk & margin, and trading, today announced that industry veteran Vedant Gaur will bring his expertise to further build the global bank and brokerage segments. As Sales Director at Sterling...
OFX partners with Technosis on FX payment solutions in Germany
Australia based payment solutions provider OFX (ASX:OFX) has announced a new partnership with German finance software company Technosis, to launch an integrated multi-currency payment solution. This solution aims to help businesses in Germany save time with fast,...
Bitvavo to use Nasdaq Market Surveillance to detect and investigate suspected market abuse
Bitvavo and Nasdaq today announced an agreement that will see the digital asset exchange use Nasdaq’s Market Surveillance technology across its platform. Bitvavo, established in 2018 in Amsterdam, is a European cryptocurrency trading exchange with over 1.5 million...
Leverate integrates with Indian PSP Cricpayz
Leverate, a leading technology provider for the brokerage and prop trading industries, has announced its integration with Cricpayz, a prominent Indian Payment Service Provider. This partnership marks another step forward in Leverate’s ongoing expansion efforts within...
Biggest Marketing Mistakes Brokers Are Making
The following is a guest editorial courtesy of Charlotte Day, Creative Director at Contentworks Agency. Marketing your brokerage is becoming ever more challenging thanks to constant Google algorithm changes, tightening budgets, a rapid increase in competitors and...
SEC charges BitClout founder Nader Al-Naji with fraud
The Securities and Exchange Commission (SEC) today charged Nader Al-Naji with perpetrating a multi-million-dollar fraudulent crypto asset scheme involving a social media platform called BitClout and its native token of the same name (BTCLT). According to the SEC’s...
Happy 50th birthday to the UPC barcode – no one expected you would revolutionize global commerce :: InvestMacro
By Jordan Frith, Clemson University The first modern barcode was scanned 50 years ago this summer – on a 10-pack of chewing gum in a grocery store in Troy, Ohio.Fifty is ancient for most technologies, but barcodes are still going strong. More than 10 billion barcodes...
Euronext announces cancellation of 2.87M repurchased shares
Pan-European market infrastructure Euronext today announced the cancellation of 2,870,787 ordinary shares. The cancellation follows the completion of Euronext’s €200 million share repurchase programme on 3 January 2024. The cancellation of the ordinary shares is in...
Braced for BoJ & Fed combo :: InvestMacro
USDJPY could see extreme volatility this weekOver past year BoJ decision triggered moves of ↑ 1.1%Fed decision sparked moves of ↑ 0.6% & ↓ 1.3% over past yearBloomberg FX model: 77% USDJPY – (151.30 – 157.99)Key technical level – 155.00A super central bank combo...
Capitolis launches fast-track Novations technology
Capitolis, a technology company creating safer and more vibrant capital markets, announced it has successfully launched its fast-track Novations technology with the execution of a same day tear-up. Reaching this milestone—the first of its kind in the FX options...
Two tornado scientists take us inside the real world of storm chasing :: InvestMacro
By Yvette Richardson, Penn State and Paul Markowski, Penn StateScientists in a truck outfitted with instruments race toward a storm.National Severe Storms Lab/NOAAStorm-chasing for science can be exciting and stressful – we know, because we do it. It has also been...
NAGA CCO Sam Chaney departs
FNG has learned that more executive moves are afoot at Retail FX and CFDs broker NAGA Group (ETR:N4G), ahead of NAGA’s pending acquisition by rival Capex.com. The latest NAGA executive to leave is Sam Chaney, NAGA’s Chief Commercial Officer (CCO). Sam Chaney joined...
Oil prices fell to June lows. Traders are waiting for Australian inflation data :: InvestMacro
By JustMarketsAt the end of Monday, the Dow Jones (US30) decreased by 0.12%, while the S&P 500 (US500) was up 0.08%. The NASDAQ Technology Index (US100) closed positive 0.07%. The broad market rose on Monday and extended last Friday’s rally on expectations of a...
BGC registers 11.7% Y/Y growth in revenues in Q2 2024
BGC Group, Inc. (NASDAQ:BGC) today reported its financial results for the quarter ended June 30, 2024. BGC’s revenues grew by 11.7 percent to $550.8 million, representing record second quarter revenues and reflecting broad-based growth across all geographies. BGC...
NZD/USD Sinks to Three-Month Minimum, Driven by Rate Speculation and Strengthening USD :: InvestMacro
By RoboForex Analytical DepartmentThe NZD/USD pair plummeted to 0.5892, marking a significant three-month low. The New Zealand dollar remains under pressure as the US dollar gains strength due to the start of the Federal Reserve’s two-day meeting.The Fed is expected...
Former China CITIC Bank International exec deputy general manager to disgorge $3M in gains from insider dealing
The Securities and Futures Commission (SFC) of Hong Kong announces that the Market Misconduct Tribunal (MMT) has ordered Mr Wu Kam Shing, a former executive deputy general manager of China CITIC Bank International Limited, to disgorge close to $3 million in ill-gotten...
CySEC fines Exelcius Prime – FX News Group
The Cyprus Securities and Exchange Commission (CySEC) has imposed a fine of €3,500 on Exelcius Prime Ltd. The decision, which was announced today, was made at a CySEC meeting held on June 17, 2024. The fine stems from the firm’s non-compliance with: Section 58(d) of...
ATFX secures Hong Kong SFC License
ATFX, a leading global CFD broker, has announced that the company has been granted a Type 3 license from the Hong Kong Securities and Futures Commission (SFC) (Central Entity Number: BUM667). The company said that this significantly enhances ATFX’s services in the...
MAS reprimands RVP One for breaches of Securities and Futures Regulations
The Monetary Authority of Singapore (MAS) has reprimanded RVP One Pte. Ltd, a registered fund management company (RFMC), and its chief executive officer (CEO) and director, Mr Viktor Panisch, for breaches of the Securities and Futures (Licensing and Conduct of...
TradingView adds Trade Nation to list of integrated brokers
TradingView today welcomed Trade Nation, a newly integrated broker within the TradingView trading ecosystem. Established in 2014, Trade Nation is founded on three core principles: delivering the best deals, fostering trust, and providing powerful tools. The broker...
Bit5ive principal Richard Acosta banned for five years by NFA
The U.S. National Futures Association (NFA) has announced that it has ordered Richard Alexander Acosta to not apply for NFA membership status for five years, and not to act as a principal of an NFA Member for seven years. Acosta is a former NFA Associate and a...
AFCA updates on Latitude Financial Group cyber-attack
The Australian Financial Complaints Authority (AFCA) has provided an update to people with complaints concerning the Latitude Financial Group cyber-attack. Latitude was subject to a cyber-attack in March 2023 that resulted in the theft of personal information. The...
FCA asks for input on how it can refine retail conduct rules
The UK Financial Conduct Authority (FCA) is asking for input on whether, where and how it can refine its retail conduct rules. The FCA particularly wants to address potential areas of complexity, duplication, confusion, or over-prescription, which create regulatory...
Oil rises in price amid rising geopolitical tensions in the Middle East. Bitcoin has reached the $70,000 mark :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) Index gained 1.64% (for the week +0.43%), while the S&P 500 (US500) Index gained 1.11% (for the week -1.54%). The NASDAQ Technology Index (US100) closed positive at 1.03% (for the week -3.16%). Market sentiment was...
A Dive into White Label Solutions Completes Finalto Broker Series
Finalto is pleased to complete its Broker Series whitepapers with a look into white label solutions. The Finalto Broker Series provides detailed insights for brokers on a range of relevant business functions, from tech to compliance. The final edition of the series...
AUD/USD Gains Amid Anticipation for Key Economic Data :: InvestMacro
By RoboForex Analytical DepartmentThe AUD/USD pair is climbing towards 0.6552 on Monday. The Australian dollar is bouncing back from a 12-week low as investors await Australian inflation data.In the past two weeks, the AUD, in the currency pair with the USD, has...
FSCS starts accepting customer claims against London Court Ltd
The UK Financial Services Compensation Scheme (FSCS) is now open to claims from customers of London Court Ltd. Although FSCS is accepting claims against London Court, they will not be immediately passed to the claims processing teams for assessment. This is because...
LME lists Jeddah as delivery point for copper and zinc
LME announced today that Jeddah in Saudi Arabia has been approved as a Delivery Point for copper and zinc. The listing will become active three months after the first warehouse company has been approved. Warehouse companies applying for approval in Jeddah will need to...
Exclusive: Tradition’s ParFX sees 14% decline in 2023 Revenues to $4.8M
FNG Exclusive… FNG has learned via regulatory filings that ParFX, the wholesale electronic spot FX institutional trading venue owned by Compagnie Financière Tradition, saw a 14% decline in Revenues and an even larger drop in profitability in 2023. Revenues at ParFX...
HK watchdog warns public of suspicious crypto firm Proxinex
The Securities and Futures Commission (SFC) of Hong Kong today warned the public of an entity operating under the name of Proxinex. Proxinex may be engaged in virtual asset-related fraud. Investors reported difficulties in withdrawing virtual assets from Proxinex, and...
Valereum partners with Tokeny on VLRM’s Real World Asset marketplace
Valereum Plc will collaborate with Tokeny as a technology provider for VLRM’s Real World Asset (RWA) marketplace. Valereum aims to establish and operate a RWA marketplace utilising Tokeny’s technology solutions, to enable the primary issuance and bulletin board-based...
Vantage partners with Everest Fortune on VIP Chat Room
Leading multi-asset broker Vantage has announced that Vantage Australia is launching a VIP Chat Room, enhancing their Premium Service portfolio. This development is in collaboration with Everest Fortune Group, a renowned research house that provides advice to some of...
eToro issues LUNC update – FX News Group
Online broker eToro today published a brief notice regarding the LUNC token (Terra Classic). The LUNC asset will remain in close-only mode until eToro has more clarity. The full announcement by eToro can be found below: LUNC UPDATE Following a notice sent by the Terra...
FX week in review: NCM expands in the UK, CFI brand ambassador, IG and CMC results, Asia hires at SquaredFinancial and Scope
Which senior executives were hired in the UK by Kuwait based CFDs broker NCM Financial, as NCM UK received an FCA license? Which global sports icon is the new Brand Ambassador for CFI? How did the latest results look for leading UK based brokers IG Group, and CMC...
MAS has maintained a monetary policy. Japan’s inflation is on the rise :: InvestMacro
By JustMarketsAt Thursday’s close, the Dow Jones Index (US30) added 0.20%, while the S&P 500 Index (US500) was down 0.51%. The NASDAQ Technology Index (US100) closed negative 0.93%. Stocks continued to decline on Thursday amid weakness in chip stocks and selloffs...
Trillion Dollar Titans In Focus :: InvestMacro
4 of the so-called “Magnificent 7” set to publish earningsCombined market cap of 4 tech giants over $9 trillionBeyond earnings, key focus remains on AI initiativesMeta could move almost 10% ↑ or ↓ post-earningsApple biggest company in the world reports results...
Awaiting Next Correction :: InvestMacro
By RoboForex Analytical DepartmentThe USD/CAD pair ended its continuous upward trend on Friday, 26 June 2024, settling around 1.3813, signalling a potential shift towards correction.The Bank of Canada decided to lower the interest rate from 4.75% p.a. to 4.50% p.a. at...
UK to allow research payments bundling, reform secondary offering prospectus requirements
UK financial regulator The Financial Conduct Authority (FCA) has announced that it will be setting out new rules and proposals to build up UK wholesale markets. The FCA said it has set out a package of measures designed to help strengthen the UK’s capital markets and...
Exclusive: Kuwait CFDs broker NCM gets FCA license, adds UK executives
FNG Exclusive… FNG has learned that Kuwait based online brokerage firm NCM Financial has plans to expand to the UK. NCM set up a new UK subsidiary NCM Financial UK Ltd in late 2021, and in 2022 began the application process for an FCA license for the new entity. The...
GBP/USD Faces Downward Pressure Amid US Dollar Strength :: InvestMacro
By RoboForex Analytical DepartmentGBP/USD pair is down to 1.2892 on Thursday. Selling intensified on the 18th of July. Since then, GBP has remained under pressure, although it is making attempts to stabilise.Statistics released earlier showed that UK private sector...
Robinhood launches joint accounts – FX News Group
US neobroker Robinhood (NASDAQ:HOOD) has announced that it is launching joint investing accounts, which allow customers to seamlessly manage investments with their partner while keeping their shared assets in one place. Joint accounts make investing more collaborative...
Top Picks for Data Center Investment Surge :: InvestMacro
By The Ino.com TeamThe expected record spending on infrastructure by cloud computing leaders such as Microsoft Corporation (MSFT) and Amazon.com, Inc. (AMZN) this year highlights the escalating investments in artificial intelligence (AI) data centers, a trend likely...
Coinbase hit with £3.5M FCA fine in first UK enforcement action against enabling crypto trading
UK financial regulator FCA has announced that it has fined CB Payments Limited (CBPL) a sum of £3,503,546, for repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers. CBPL is part of the Coinbase Group, which operates...
The Bank of Canada lowered the rate for the second time. The People’s Bank of China unexpectedly cut its one-year lending rate :: InvestMacro
By JustMarketsAt the end of Tuesday, the Dow Jones Index (US30) decreased by 1.25%, while the S&P 500 Index (US500) was down 2.31%. The NASDAQ Technology Index (US100) closed negative 3.64%. Stocks fell yesterday amid disappointing earnings from Tesla and Google...
EuropeFX director Pedro Sasso banned for five years by ASIC
Australia financial regulator Australian Securities & Investments Commission (ASIC) has announced that Pedro Eduardo Sasso, the director of Maxi EFX Global AU Pty Ltd (EuropeFX), has been banned by ASIC from being a director of or controlling an entity that...
CMC Markets reports Q1 FY2025 performance in line with expectations
London based online trading firm CMC Markets plc (LON:CMCX) has issued a Trading Update for its fiscal Q1 of FY2025, indicating that Q1 performance was in line with expectations, with the company on track to achieve net operating income of between £320-360 million for...
IG Group sees 9% rebound in Revenues, 32% increase in Profit in H2 FY2024
Following a fairly slow first half of fiscal 2024, leading UK based online trading house IG Group (LON:IGG) has reported its full-year 2024 results (fiscal year-end of May 31) indicating a very strong rebound on both the top and bottom line in the second half of the...
UK High Court approves plan to return WealthTek client assets and money
UK financial regulator The Financial Conduct Authority (FCA) has announced that on 23 July 2024, Mr Justice Rajah in the High Court of Justice approved the Joint Special Administrators (JSAs) plan for returning client money and custody assets to WealthTek clients....
Brent Oil Prices Decline Amid Inventory Reductions and Middle East Optimism :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil prices have continued their downward trajectory, reaching 81.14 USD per barrel as of Wednesday. This marks the fifth consecutive session of decline, primarily influenced by significant reductions in US oil inventories....
Investimental uses Devexperts’ DXtrade platform to launch US market trading in Romania
Investimental, a fast-growing Romanian stock brokerage, and Devexperts, a financial software provider, have announced a new partnership which brings US market access to retail investors in Romania. Investimental has deployed Devexperts’ flagship product, DXtrade XT, a...
Oil falls amid possible truce between Israel and Hamas. Indices remain under pressure :: InvestMacro
By JustMarkets At Tuesday’s close, the Dow Jones Index (US30) decreased by 0.14%, while the S&P 500 Index (US500) was down 0.16%. The NASDAQ Technology Index (US100) closed negative 0.06%.Spotify (SPOT) shares are up 2.11% after reporting stronger-than-expected...
CME Group reports record quarterly Revenue of $1.5 Billion in Q2-2024
Derivatives marketplace operator CME Group Inc. (NASDAQ:CME) has reported financial results for the second quarter of 2024, which include record quarterly revenues, record adjusted net income and earnings per share, the company’s highest Q2 average daily volume (ADV)...
Spot Ethereum ETFs go live! :: InvestMacro
Ethereum ETF’s exceed $100 million inflows on debutCollective trading volume of ETFs surpass $1 billionCryptocurrency ↑ 50% since start of 2024Technical levels – 21 & 50 day SMAOnly a few months ago we discussed the possibility of Ethereum ETFs after Bitcoin paved...
AMF re-warns of Immediate Connect auto trading fraud promotions
France financial regulator Autorité des marchés financiers (AMF) has issued a reminder to retail investors to be extremely vigilant regarding Immediate Connect’s fraudulent investment offer. The AMF said that it is continuing to receive a large number of complaints...
CFI welcomes seven-time F1 World Champion Lewis Hamilton as Global Brand Ambassador
Leading online broker CFI has unveiled a new partnership with Seven-Time Formula 1 World Champion Lewis Hamilton, as its newest Global Brand Ambassador. This landmark multi-year agreement marks a pivotal moment for CFI, aligning the group with one of the most iconic...
Scope Prime hires Maybank exec Miranti Rostian as Head of South East Asia
Scope Prime, the offshore institutional liquidity division of Rostro Financial Group, has announced the appointment of Miranti Rostian as Head of South East Asia. The move comes just over a month since Scope Prime hired ACY and IC Markets alum Andrew Taylor into the...
ADVFN adds AI Intelligence tool to its investor platform
London based trader information website operator ADVFN plc (LON:AFN) has provided an update on the current development of the ADVFN investor platform. The Company said it has been making a number of enhancements to the platform, in line with ADVFN’s strategic aim to...
American Bank Stocks Surge on IB Comeback :: InvestMacro
McAlinden Research takes a look at shares of U.S. banks, which it believes are surging in the wake of recent quarterly earnings.The latest spate of bank earnings coincided with the SPDR S&P Bank ETF’s (KBE:NYSEARCA) best 5-day span of trading since November 2020,...
AUD is under pressure from the PBoC cut rates. Singapore is seeing a decline in inflation :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones Industrial Average (US30) was up 0.32%, while the S&P 500 Index (US500) added 1.08%. The NASDAQ Technology Index (US100) closed positive 1.58%.NVIDIA Corporation (NVDA) closed nearly 5% higher after Reuters reported...
Cutting marketing spending often backfires on businesses – new research could help investors distinguish shortsighted cuts from smart ones :: InvestMacro
Businesses are often tempted to cut their marketing budgets for the short-term savings it provides – but those cuts can cause problems in the long term. A new study my colleague Tarun Kushwaha and I published in The Journal of Marketing proposes a method for...
Exclusive: ITI Capital revenues down 12% in 2023 but profit soars as firm exits Retail
FNG Exclusive… FNG has learned that London based institutional broker ITI Capital saw a 12% erosion in Revenues during 2023, although a much lower cost base – as the company exited the retail client business – led to much improved profitability. Revenues at ITI...
Exclusive: Tickmill Head of BizDev Carla Nemr departs
FNG Exclusive… FNG has learned that Carla Nemr, one of the longest-serving senior executives at leading global Retail FX and CFDs broker Tickmill, has left the company. Carla Nemr joined Tickmill in 2017 in its Limassol, Cyprus office as a business development...
Finalto enhances Tier-1 pricing distribution with Centroid Bridge partnership
Leading institutional trading and liquidity services firm Finalto has announced the deepening of its partnership with Centroid Solutions, a leading provider of advanced trading, technology, and infrastructure solutions. With the next step in its ongoing partnership...
Alpha Group reports 16% YoY rise in H1-2024 Revenues to £64M
London based FX risk management and payment services provider Alpha Group International plc (LON:ALPH) has issued a Trading Update for the six-month period ended 30 June 2024, indicating continued growth at the company from last year. Key Highlights at Alpha Group for...
Quartet face criminal charges for ASX penny stock Telegram pump-and-dump scheme
Australia financial regulator ASIC has announced that following an ASIC investigation, four people have been criminally charged for their alleged involvement in a coordinated scheme to pump up shares in Australian stock values before dumping them at inflated prices....
AMF and Banque de France call for coordinated move to T+1 settlement
French financial regulator The Autorité des Marchés Financiers (AMF) and the Banque de France have issued a call for a well-coordinated and efficient transition to a T+1 settlement cycle for transactions on securities across the EU. This initiative comes at a time...
TipRanks partners with DXtrade to offer in-platform Stock Research
DXtrade, a multi-asset trading platform for FX/CFD brokers developed and maintained by Devexperts, has announced that it has partnered with TipRanks, a fintech company that provides data and tools to help investors make informed decisions. DXtrade will integrate...
NZD/USD Faces Downward Pressure Amid US Political Developments and RBNZ Rate Speculations :: InvestMacro
By RoboForex Analytical DepartmentThe NZD/USD pair is experiencing a significant downturn, trading around 0.5996. Several factors influence this decline, including global political developments and domestic monetary policy expectations.The recent announcement by US...
The People’s Bank of China unexpectedly cut interest rates. Biden quits from the presidential race :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) Index fell by 0.93% (for the week +0.37%), while the S&P 500 (US500) Index lost 0.71% (for the week -2.36%). The NASDAQ Technology Index (US100) closed negative 0.81% (for the week -4.11%). Investors continued to take...
SquaredFinancial hires ADSS alum Francis Lee as Head of Asia
Cyprus based Retail FX and CFDs broker SquaredFinancial has announced that it has hired Hong Kong based executive Francis Lee as the company’s new Head of Asia, to accelerate regional growth. The company said that this strategic move is part of its expansion plan to...
XTX Markets’ Alex Gerko loses quant trader payouts tax case at former firm GSA Capital
Business site Bloomberg.com is reporting that Alex Gerko, founder of algo trading and market making firm XTX Markets, has lost a court case in the UK versus HM Revenue & Customs regarding the taxation of deferred payouts at his former high frequency and quant...
ATFX Executive Talks: Hormoz Faryar, Managing Director of Institutional Sales, ATFX MENA
In October 2023, Hormoz Faryar joined ATFX as the Managing Director of Institutional Sales in MENA. With over 23 years of invaluable experience in FX trading and sales, Hormoz brings a wealth of knowledge and expertise to his new role. Today, Hormoz will share...
DG Institute and Dominique Grubisa hit with $20M+ court order for misleading wealth seminar students
The Australia Federal Court has ordered Master Wealth Control Pty Ltd, operating as DG Institute, to pay AUD $5 million in pecuniary penalties for making false or misleading representations to consumers in the promotion and sale of two education programs called Real...
Beeks Financial reports 27% YoY growth in Revenues, EBITDA for FY2024
Scotland based cloud computing and financial markets connectivity provider Beeks Financial Cloud Group plc (LON:AIM) has issued a Trading Update for its fiscal year ended 30 June 2024 (FY24). FY24 results are expected to be in line with consensus expectations, with...
Joe Biden leaves the race – markets prepare for wild Monday
Financial markets are preparing for what will likely be a wild Monday, after US President Joe Biden made a (somewhat surprising) announcement in the early afternoon hours on Sunday US east coast time, that he would not seek reelection in the upcoming US election in...
FX week in review: OANDA and Saxo for sale, Spain CFDs restrictions, BUX UK sold, Trive exits UK
It was a week of (fairly wild!) change in the Retail FX and CFDs business, with a lot of M&A activity in the headlines, alongside broker license losses and reinstatements, plus our usual list of senior executive moves. Some of the most read and commented-on FX/CFD...
ACCC warns of consumer scams following CrowdStrike Windows outage
Australia’s National Anti-Scam Centre, run by the Australian Competition and Consumer Commission (ACCC) has issued a warning to consumers and small businesses to be wary of unsolicited calls, emails or messages requesting they download a software patch or provide...
Speculator Bets led by Russell-2000 & DowJones :: 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 July 16thand shows a quick view of how large traders...
Currency Speculators push British Pound bets to Record High :: 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 July 16th and shows a quick view of how large market...
Speculator Bets led lower by Soybean Meal & Soybeans :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday July 16th and shows a quick view of how large traders...
Speculator Bets led by Fed Funds & 2-Year Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday July 16th and shows a quick view of how large traders...
Australian Dollar, Gold & British Pound top 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 July 16th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Speculator Bets topped by Gold & Copper :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday July 16th and shows a quick view of how large traders...
Finalto sets ODP Liquidity strategic partnership with Trive in South Africa
Finalto South Africa has announced a new strategic partnership with Trive South Africa. This collaboration marks a significant milestone in Finalto’s expansion within the African continent as it continues to fulfill commitments to develop meaningful and value-driven...
eToro says registration and phone verification issues resolved
Online broker eToro has informed its clients that the issues with registration and phone verification reported earlier today have been resolved. At 08:05 UTC today, eToro said the broker was experiencing service degradation on Registration and Phone verification on...
Italian regulator orders blocking of five new unauthorized investment websites
Italy’s Companies and Exchange Commission (CONSOB) has issued orders for the blocking of five unauthorised investment websites. In issuing the orders, the Authority availed itself of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law no. 58 of 28...
Hargreaves Lansdown continues offer discussions with CVC, Nordic Capital and Platinum Ivy
Hargreaves Lansdown plc (LON:HL) today provided an update regarding a revised proposal from a consortium comprising CVC Advisers Limited, Nordic Capital XI Delta, SCSP, and Platinum Ivy B 2018 RSC Limited. In June, the Consortium proposed to acquire Hargreaves...
Want to Learn How to “Read” a Price Chart? Start Here. :: InvestMacro
See how Elliott wave patterns “subsume” other technical analysis chart patterns By Elliott Wave InternationalSome investors who are fans of technical analysis may not realize that another way to look at many classic chart patterns — for example, Head and Shoulders —...
CySEC announces €70k settlement with Argus Stockbrokers
The Cyprus Securities and Exchange Commission (CySEC) today announced a €70,000 settlement with Cyprus investment firm (CIF) Argus Stockbrokers Ltd. CySEC, under article 37(4) of the Cyprus Securities and Exchange Commission Law of 2009, may reach a settlement...
Risk Appetite Heightens :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair fell sharply to 1.0888, with investors speculating on the future of US interest rates and the potential implications of the upcoming presidential election, particularly as Donald Trump’s chances appear to be...
Cypriot regulator warns against 11 unauthorised investment firms
The Cyprus Securities and Exchange Commission (CySEC) today issued a warning against a number of firms that provide investment services without having the necessary license. The warning list includes the following entities: fundednowprop.com fiat-global.com &...
Natural gas prices bounced off the lows. Malaysia’s GDP is well ahead of estimates :: InvestMacro
By JustMarketsThe Dow Jones Index (US30) fell by 1.29% yesterday, while the S&P 500 Index (US500) went down 0.78%. The NASDAQ Technology Index (US100) closed negative 0.70%. Stocks initially opened higher on Thursday, with the Dow Jones Industrials Index (US30)...
Bank of England says no impact on its systems from IT outage
The Bank of England has issued a statement amid problems caused by a global IT outage. The issue has affected the work of finance companies, airlines, payment systems. The London Stock Exchange did not publish RNS announcements for several hours because of the IT...
Alphabet to kick-start Big Tech earnings :: InvestMacro
Alphabet ↑ 27% year-to-datePay close attention to updates on AI innovationsTechnical levels = $183, $177 & $170 (Alphabet) Tesla earnings also in focus, stocks ↑ 26% MTDThe week ahead is packed with high-impact data releases and a slew of corporate earnings from...
IC Markets (EU) Ltd receives €200K CySEC fine re initial margin protection
Cypriot financial regulator Cyprus Securities and Exchange Commission (CySEC) has announced that at its meeting held on the 1st of July 2024, it decided to impose an administrative fine of €200,000 to the CIF IC Markets (EU) Ltd. The fine was for non-compliance with...
Euronext Corporate Services appoints Julien Tessier as its CEO
Euronext Corporate Services has announced the appointment of Julien Tessier as its new CEO. This marks a significant milestone for Euronext Corporate Services. Julien Tessier Euronext Corporate Services is a dynamic and integral subsidiary of Euronext, offering a...
Clearstream says all services fully operational despite global IT issue
Clearstream has just issued a brief notice regarding the worldwide IT issue, claiming that its systems are fully operational. The statement by Clearstream can be read below: “Information on worldwide IT issue Clearstream is aware about the global IT issue. We can...
LSE confirms tech issue with news publication
The London Stock Exchange has confirmed a tech issue affecting the publication of news announcements. Only a handful of RNS announcements were published this morning at 7:00 am (London time). LSE bothered to post a notice about the problems some 40 minutes later....
Euroclear acquires 49% stake in Inversis
Euroclear today announces it has acquired a strategic stake of 49% in Inversis, a provider of global investment technology solutions and outsourced financial services. Euroclear will become the full owner of Inversis by end 2027. Financial details of the transaction...
FOREX.com Japan confirms traders’ problems connecting to their accounts
FOREX.com Japan, the Japanese retail FX subsidiary of StoneX Group, today confirmed issues experienced by some of its clients. The broker said that some traders are experiencing problems when connecting to their accounts. The company is investigating the cause of the...
Saxo Bank hires Goldman Sachs to pursue IPO or sale
Copenhagen based Retail FX and CFDs broker Saxo Bank has announced that its shareholders – namely China’s Geely Group, co-founder and CEO Kim Fournais via Fournais Holding A/S, and Finland’s Mandatum Group have decided to “initiate a review of strategic...
Exclusive: Scope Markets names Chris Andrews as Head of Operations
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Scope Markets has promoted Chris Andrews to the position of Head of Operations. Chris Andrews joined Scope Markets in 2022 as a Senior Institutional Account Manager, one of a number of hires made at the...
What You Can Learn from Europe’s “Dow Theory”-esque Non-confirmation :: InvestMacro
By Brian Whitmer | European Financial Forecast editorCharles Dow (yes, the one with the averages named after him) developed a foundational concept in technical analysis that requires that price movement in industrial stocks and transportation shares confirm one...
TradingView adds moomoo to list of partner brokers
TradingView today presented the latest addition to the trading integrations and welcomed moomoo, a prominent US online brokerage that now offers trading directly from the TradingView platform. moomoo started operating in 2018 and was designed to provide essential...
Brent Oil Price Trends Upward Amid Positive Market Signals :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil has reached $85.40, marking a continued increase over two consecutive sessions. This upward trend is primarily supported by recent US energy inventory statistics, which showed a significant decrease of 4.87 million...
Wolverine Trading gets a slap on the wrist for alleged violations of Cboe rules
Wolverine Trading, LLC has agreed to pay a fine as a part of a settlement with Cboe Exchange, Inc. From June 12, 2023, through on or about January 31, 2024, the firm failed to report 156 transactions executed on the floor within 90 seconds after execution. During the...
Technology companies fall on fears of new sanctions on China :: InvestMacro
By JustMarketsStock indices traded mixed on Wednesday, with the Dow Jones Industrials (US30) setting a new record high and the Nasdaq 100 (US100) falling to a two-week low. The Dow Jones Industrials (US30) Index gained 0.59%, while the S&P 500 (US500) Index fell...
Virtu Financial registers 36.7% Y/Y increase in revenues in Q2 2024
Virtu Financial, Inc. (NASDAQ:VIRT), a provider of financial services and products that leverages cutting edge technology to deliver innovative, transparent trading solutions to its clients and liquidity to the global markets, today reported results for the second...
Chelsea FC welcomes Skrill as Pre-Season Tour partner
With final preparations underway ahead of The Blues’ pre-season tour to the US this summer, Chelsea FC welcomes Skrill, the digital wallet powered by global payments platform Paysafe (NYSE:PSFE), as an official tour partner. Skrill will be the presenting partner of...
Eurex adds Ether to its crypto derivatives suite
Eurex expands its crypto derivatives portfolio with the launch of FTSE Ethereum Index Futures and Options as of 12 August 2024. Following the launch of FTSE Bitcoin Index Futures and Options in 2023, this is another major milestone in Eurex’s ambition to offer secure...
Exclusive: Former Capital.com Australia CEO Laura Lin joins Banxa to head Compliance
FNG Exclusive… FNG has learned that former Capital.com Australia CEO Laura Lin, who left the company earlier this year, has found a new position as Head of Compliance at Australia based embedded crypto infrastructure provide Banxa. Laura Lin was CEO of Capital.com...
Stripe announces a range of new products in Japan
Stripe, a financial infrastructure platform for businesses, today announced a range of new products in Japan that provide more tools for reaching consumers and growing revenue, domestically and abroad. In response to strong local growth, with payment volume on Stripe...
CME Group to launch CME FX Spot+
Effective March 2025, CME Group will launch CME FX Spot+, a new tradable spot FX instrument, leveraging CME FX Link liquidity to bring together OTC spot FX and FX futures. CME FX Spot+ will enable spot FX market participants to tap into CME FX futures liquidity...
TASE upgrades and expands foreign currency clearing services
The Tel Aviv Stock Exchange Ltd (TASE:TASE) plans to upgrade and expand clearing services in foreign currency as part of its strategy of evolving the capital market in alignment with international standards. Expanding clearing services and adding settlement foreign...
Brokeree releases a major update for its Prop Pulse solution
In January 2024, Brokeree Solutions, an international technology provider for multi-asset brokers, released Prop Pulse – the first turnkey account-management solution for prop trading firms. Now, six months later, the technology provider announced a major update for...
Wolverhampton FC names Neo as new foreign currency exchange partner
English Premier League team Wolverhampton Wanderers Football Club, better known as the Wolves, have announced that they have teamed up with Neo, the cross-border payments and foreign exchange (FX) fintech, to become the club’s official foreign currency exchange...
US indices hit all-time highs. Inflation in New Zealand is slowing down :: InvestMacro
By JustMarketsStock indices closed higher on Tuesday, with the S&P 500 and Dow Jones Industrials setting new all-time highs. The Dow Jones Index (US30) gained 1.85%, while the S&P 500 Index (US500) rose by 0.64%. The NASDAQ Technology Index (US100) closed...
TradingView expands its collection of chart patterns
TradingView is expanding its collection of automatic chart patterns via the addition of Cup and Handle and Inverted Cup and Handle. A Cup and Handle is a trend continuation pattern, which is a U-shaped trend correction — a cup and another smaller movement immediately...
Market Stabilizes Amid Rate Cut Expectations :: InvestMacro
By RoboForex Analytical DepartmentThe Australian dollar has stabilized against the US dollar, currently trading around 0.6738. This follows a period of decline influenced by ongoing speculations regarding the US Federal Reserve’s impending policy actions. Expectations...
SEC approves MIAX Sapphire’s application for registration as national securities exchange
Miami International Holdings, Inc. (MIH) today announced the Securities and Exchange Commission (SEC) has approved MIAX Sapphire LLC’s application for registration as a national securities exchange. MIAX Sapphire will be MIAX’s fourth national securities exchange for...
Dips on sticky inflation data :: InvestMacro
UK100 ↓ 1% post sticky CPI releaseProbability of BoE rate cut in August drops to 40%UK jobs data and retail sales in focusUK100 index coils up in a falling wedge patternKey levels of interest include 8208.4, 8279.0, 8120, and 8083FXTM’s UK100 declined on Wednesday...
Darwinex to stop offering CFDs to new retail Spanish clients
Darwinex is taking measures regarding CFD trading for new Spanish clients and/or residents in Spain starting from 31st July 2024. The Comisión Nacional del Mercado de Valores (CNMV) published a resolution with intervention measures in CFDs in July 2023. Since a large...
HSBC appoints Georges Elhedery as Group Chief Executive
HSBC Holdings plc today announced that Georges Elhedery has been appointed as Group Chief Executive, with effect from 2 September 2024. Georges Elhedery joined HSBC in 2005 and was appointed to the Board and as Group Chief Financial Officer in January 2023. He...
Wells Fargo becomes latest clearing member to join LCH ForexClear
LCH ForexClear, an LSEG business, announces that US-based bank Wells Fargo has joined as a member and has processed its first NDF trade through the service. Wells Fargo is now able to benefit from ForexClear’s offering including comprehensive margin, liquidity and...
Valereum collaborates with Antier on V-Wallet development
Valereum today announced it will collaborate with Antier, a blockchain consulting company, to develop the V-Wallet that will form part of VLRM Market’s ecosystem. VLRM Markets aims to launch the V-Wallet in 2024. The V-Wallet, a non-custodial solution, will be able to...
Exclusive: Trive applies to cancel its UK FCA license
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Trive has applied to cancel the FCA license of its UK subsidiary Trive Financial Services UK Limited, as the group prepares to depart the UK market. The move comes after Trive Financial Services UK Limited,...
FIS launches new Securities Finance Matching Platform in the UK
Financial technology company FIS (NYSE:FIS) has launched its new automated matching and execution platform for securities finance trades in the UK. The Securities Finance Matching Platform uses smart automated matching technology to facilitate secure, scalable and...
Paysafe seeks to dismiss stockholder lawsuit over 2021 share price drop
Payments company Paysafe is seeking to nix a stockholder lawsuit concerning the steep decline in its share price in 2021. On July 15, 2024, Paysafe Limited f/k/a Foley Trasimene Acquisition Corp. II, Philip McHugh and Ismail Dawood, filed a motion to dismiss the...
Clear Street to acquire Instinet’s Fox River algo trading business
Clear Street, a cloud-native financial technology firm, has entered into a definitive agreement to acquire Instinet’s Fox River algorithmic trading business. Fox River provides a comprehensive suite of algorithmic execution solutions in US and Canadian equities. These...
eToro moves LUNA token to close-only status
Following the notice sent by the Terra foundation, online broker eToro will be moving the LUNA token to close-only status. This will go into effect on July 17, 2024, at 09:00 GMT. “Terraform Labs has announced that the General Bar Date for filing claims in the Chapter...
Gold Nears Record High as Fed Rate Cut Looms :: InvestMacro
By RoboForex Analytical DepartmentGold prices have surged, reaching $2430 per troy ounce on Tuesday, flirting with historic highs. The recent spike in gold prices is largely attributed to comments made by Federal Reserve Chairman Jerome Powell, which have bolstered...
Webull UK adds savings, bank transfers
Online trading firm Webull has increased its neobroker/neobank dual offering in the UK, with Webull UK announcing the launch of Webull Savings, an offering that provides users with access to a marketplace of savings accounts and the ability to move funds quickly...
The Australian dollar remains in positive territory against other currencies. The Bank of Canada survey disappointed investors :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones (US30) Index was up 0.53%, while the S&P 500 (US500) Index was up 0.28%. The NASDAQ Technology Index (US100) closed positive 0.40% yesterday. The Russell 2000 Index also gained 1.8% as investors continued to refocus...
eToro survey reveals 46% of retail investors do not think about ESG
Retail investors around the world are significantly more likely to ignore ESG (environmental, social & governance) factors than consider them before they invest, according to data from the latest Retail Investor Beat (RIB) from online broker eToro. In the study of...
Set for fresh all-time highs? :: InvestMacro
ASML ↑ over 40% year-to-dateShares could move 5.7% % ↑ or ↓ post-earningsMachinery bookings & forward guidance in focusTechnical levels – 1120 and 1000Shares of ASML have been on a tear this year, surpassing the $1000 and €1000 milestone across both...
MetaQuotes upgrades MQL5 Cloud Network infrastructure
Fintech company MetaQuotes has recently upgraded the entire MQL5 Cloud Network infrastructure to enhance its performance. New servers were added and existing ones were upgraded for better agent registration and task distribution. The network now operates through seven...
Marex opens new office in Auckland, New Zealand
Global financial services platform Marex Group Plc (NASDAQ:MRX) has opened a new office in Auckland, New Zealand, as it expands its operations in Asia Pacific and extends its global environmental offering, aligned with its strategy to diversify its business and...
Will a market crash one day be pinned on the Supreme Court? An accounting expert explains why recent rulings have him worried :: InvestMacro
In two major rulings this past month, the U.S. Supreme Court curtailed the authority of federal agencies to draft and enforce policies that affect the nation’s financial health. One important agency, the Securities and Exchange Commission, took a particularly big...
Bank of America registers 12% Y/Y increase in Global Markets revenue in Q2 2024
Bank of America Corp (NYSE:BAC) has just released its financial report for the second quarter of 2024. The Global Markets segment posted net income of $1.4 billion, both including and excluding net DVA. Global Markets’ Revenue amounted to $5.5 billion in the three...
Liquidnet partners with Gen-AI startup Boltzbit to enhance its Fixed Income primary markets workflow
Liquidnet, a technology-driven agency execution specialist, today announced its partnership with Gen-AI startup Boltzbit to optimize its Fixed Income primary markets workflow. Leveraging Boltzbit’s unique Artificial Intelligence (AI) Machine Learning solutions and its...
Andrew McCormick to replace Lule Demmissie as eToro USA CEO
FNG has learned that Israel based online trading firm eToro is making some changes to its management ranks, replacing the CEO of eToro USA, Lule Demmissie, with Andrew McCormick. Lule Demmissie joined eToro in 2021 – when at the time eToro was attempting to go public...
Is the Carbon Credit Market Dead? :: InvestMacro
Source: Streetwise Reports (7/12/24) We explain carbon credits, cover some of the system’s inherent problems, discuss future market growth and highlight some carbon credit streaming companies working hard to operate transparently.Last year, scrutiny of the carbon...
BUX offloads FCA licensed entity to UAE CFDs broker APM Capital
Dutch banking concern ABN Amro has begun to offload the non-core units of BUX, the Amsterdam based neobroker which ABN Amro took over earlier this year. BUX announced this morning that it has sold its FCA-licensed UK business BUX Financial Services Limited (BUX UK,...
what we know about Britain’s new prime minister and how he will lead :: InvestMacro
All prime ministers bring their own personality and approach to the job. Each has a different style of leadership, which can shape how things work and what gets done. Herbert Asquith famously summed it up when he said being prime minister is all about “what the holder...
eToro joins European FS Tech Hub of I.C.E. SDA Bocconi
Online broker eToro is strengthening its presence in the Italian and European fintech ecosystem through a new collaboration with SDA Bocconi. The trading and investment platform announces today that it has joined the European FS (Financial Services) Tech Hub of Milan,...
XTB to continue Spain CFDs business, but restrict marketing
Poland based Retail FX and CFDs broker XTB (WSE:XTB) has released an update on its plans for the Spanish market, given new strict regulations covering CFDs trading and the marketing of CFD trading products in Spain unveiled last year by Spanish financial regulator...
Petros Kalaitzis leaves Tools for Brokers for CSO role at prop firm FunderPro
FNG has learned that longtime FX industry executive Petros Kalaitzis has joined Malta based prop trading firm FunderPro, as the company’s new Chief Strategy Officer (CSO). Petros Kalaitzis joins FunderPro after spending the past two years with broker tech provider...
PSR, FCA seek views on benefits and risks of digital wallets
The Payments Systems Regulator (PSR) and Financial Conduct Authority (FCA) are seeking views on the benefits and risks digital wallets bring to people and businesses. With Apple Pay, Google Pay and PayPal being three of the most widely used digital wallets in the UK...
TradingView adds crypto data from Bitazza
To give traders more freedom in market analysis, TradingView has integrated a new exchange — Bitazza — to its platform, and it’s now delivering its crypto data directly to charts. Founded in 2018, Bitazza is a centralized digital asset platform known for its...
Japanese Yen Surges Amidst Potential Interventions :: InvestMacro
By RoboForex Analytical DepartmentThe Japanese yen showed significant strength against the US dollar late last week, with the USD/JPY pair currently stabilizing around 157.86. This marks the lowest level for the currency pair in nearly a month.The yen’s recent surge...
CFI sets partnership with Abu Dhabi to sponsor events in the Emirate
Leading online trading provider CFI has announced a one-of-a-kind strategic partnership with the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi). Set to unfold throughout 2024 and 2025, the collaboration will see CFI sponsor a series of diverse events...
ICE Low Sulphur Gasoil markets hit series of OI records
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that its Low Sulphur Gasoil markets hit a series of open interest records through June 2024, reaching a high of 1.2 million across futures and options on July 1, 2024, equivalent to 120 million metric tons....
Nasdaq approves LMAX as new Core Exchange for its suite of Crypto Indexes
Nasdaq announces the approval of Zodia as a new Core Custodian and LMAX as a new Core Exchange for its suite of Crypto Indexes. These two organizations have met the respective Core Custodian and Core Exchange criteria as stated in the Nasdaq Crypto Index Methodology....
ESMA: Cyprus accounts for 20% of firms providing cross-border investment services to retail clients
The European Securities and Markets Authority (ESMA) together with the National Competent Authorities (NCAs), today published findings of an analysis of the cross-border provision of investment services during 2023. The distribution of firms by home Member State is...
TP ICAP’s Energy and Commodities division announces appointment of three new regional CEOs
TP ICAP’s Energy and Commodities division today announced the appointment of three new regional CEOs, covering APAC, EMEA and the Americas. Reporting to Andrew Polydor, the division’s global CEO, the appointments are: David Silbert, CEO, Americas Joachim Emanuelsson,...
Exclusive: Prop firm Funded Engineer closes, files for bankruptcy
FNG Exclusive… Prop trading firm Funded Engineer has permanently closed. FNG has learned that the Dubai based prop trading firm’s website has been taken down, replaced with an “Announcement of Ceasing Operations” notice (see full text below), stating that the firm was...
Equiti Capital sees 2% rise in 2023 Revenues to $31 million
Equiti Capital UK Limited, the FCA regulated institutional/B2B arm of UAE based global FX and CFDs brokerage Equiti Group, continued on its growth path in 2023, posting a 2% increase in Revenue, although the company saw a slight decline in profitability. Revenues for...
Interactive Brokers adds new MultiSort and Standard Screener with Wide Mode support in Client Portal
Electronic trading major Interactive Brokers continues to enhance the capabilities of its Client Portal. Clients of the broker can now access the new Market Screener from the Research menu. Click the Filter icon to select from the MultiSort Screener or Standard...
Speculator bets led by Soybean Oil & Coffee :: 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 July 9th and shows a quick view of how large traders...
Speculator bets led by Russell 2000 & MSCI EAFE :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday July 9th and shows a quick view of how large traders...
Speculator bets led by SOFR 3-Months & Fed Funds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday July 9th and shows a quick view of how large traders...
Speculator bets led by Gold, Copper & Silver :: 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 July 9th and shows a quick view of how large traders...
FX week in review: LCG closing, NAGA’s new strategy, SparkMarkets and BullRush launch, Limassol office shot at
Before we get to this week’s top stories, we’re pleased to share LinkedIn Analytics’ own June Competitors data showing that – once again! – FNG articles dominated social media, as well as Search and Total Visitors… With other “FX industry news” sites basically copying...
Currency Speculators boost their British Pound bets to highest since 2007 :: 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 July 9th and shows a quick view of how large market...
Australian Dollar, Brazil Real top Bullish & Bearish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on July 9th 2024.This weekly Extreme Positions report highlights the Most Bullish and Most...
Potential Intervention Amid Inflation Shocks :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair experienced a significant drop to 159.06, driven by sharp declines following the release of unexpectedly low US inflation figures and potential interventions from Japanese authorities.On Thursday, the pair plunged...
FCA bans Clive Harris Mongelard
The UK Financial Conduct Authority (FCA) has made an order prohibiting Clive Harris Mongelard aka Clive Harris aka Clive Lindsey from performing any function in relation to any regulated activity. Following civil proceedings brought by the FCA before the High Court of...
EU50 waits for directional spark :: InvestMacro
FXTM’s EU50 ↑ 10% since start of 2024EU data + ECB = big price swings?Over past year ECB decision triggered moves of ↑ 1.5% & ↓ 0.3%Index trading 3% away from YTD high at 5142.3Technical levels = 5010 & 4880Watch out for fresh trading opportunities in the week...
Exclusive: ATFX Connect sees Revenues double in 2023 to £6.2 million
FNG Exclusive… FNG has learned via regulatory filings that AT Global Markets (UK) Limited, the London based, FCA regulated brokerage arm of global online broker ATFX, has posted healthy increases in both Revenue and Net Profit in FY 2023. AT Global Markets (UK)...
US Fed to start cutting rates in September. The Canadian dollar reached a 2-month high :: InvestMacro
By JustMarketsAt Thursday’s close, the Dow Jones Index (US30) was up 0.08%, while the S&P 500 Index (US500) decreased by 0.88%. The NASDAQ Technology Index (US100) closed negative 1.95%. Stocks found early support on Thursday on the Fed’s favorable June US CPI...
British Columbia adopts business conduct rule for derivatives dealers and advisers
The B.C. Securities Commission has published advanced notice of adoption of a comprehensive regime for regulating the business conduct of dealers and advisers in the over-the-counter derivatives market, including a number of provisions that are specific to British...
Are You a “Betting Man”? Then Take a Look — and Make Your Bet. :: InvestMacro
By Murray Gunn | Global Rates & Money Flows editorI have spent much of my career among professional traders. By nature, traders are a betting crowd; if they can’t bet on the markets, they’ll bet on something else.A monthly highlight on trading floors was always...
Citi registers 29% Y/Y increase in Markets net income in Q2 2024
Citigroup Inc. (NYSE:C) today posted its financial report for the second quarter of 2024. Markets revenues of $5.1 billion increased 6%, driven by growth in Equity markets revenues, partially offset by lower Fixed Income markets revenues. Equity markets revenues of...
ESMA clarifies treatment of crypto staking services under MiCA
The European Securities and Markets Authority (ESMA) today published a new set of Q&A, including one concerning the treatment of staking services under MiCA. The European Commission explains that MiCA does not contain provisions specific to staking. It does not...
Spotware releases cTrader Desktop 5.0.28
Fintech company Spotware Systems today announced the release of cTrader Desktop 5.0.28. In the latest version of the trading platform, client-side validation and handling for algorithm synchronization exclusions have been added. A number of issues were addressed,...
CoinShares announces special dividend distribution after recovery of FTX claim
CoinShares International Limited, a European investment company specialising in digital assets, today announced a special dividend distribution to its shareholders. Earlier this year, the company introduced a quarterly dividend policy, reflecting its strategic focus...
Clearstream enhances its digital post-trade platform D7 to enable mass issuance
Clearstream has released an enhanced version of its digital post-trade platform: D7 Generation2. The enhanced architecture, developed in conjunction with Google, brings improvements designed to make the issuance process faster, easier, and more efficient. The...
Pepperstone CMO Tony Gruebner departs
Tony Gruebner, who has spent the past four years as Chief Marketing Officer (CMO) at leading Australia based Retail FX and CFDs broker Pepperstone, has announced that he is leaving the company. Tony Gruebner joined Pepperstone in 2020 from Sportsbet, Australia’s...
Limassol CFDs broker office hit in drive-by shooting
Cyprus news websites Cyprus Mail and in-Cyprus are reporting details of a drive-by shooting that occurred late Thursday, in front of the offices of an (unnamed) Limassol based Retail FX and CFDs broker. According to Cyprus Mail, an office building in Limassol was...
ATFX boosts Levant presence with meeting at the Chinese Embassy in Jordan
ATFX is a leading global fintech broker with a local presence in 23 locations, including the Levant. Since setting up a team in the region, ATFX has been dedicated to expanding its brand influence in Jordan. A recent significant meeting at the Embassy of the People’s...
CME Group, CF Benchmarks to launch two new crypto reference rates and real-time indices
International derivatives marketplace CME Group and provider of cryptocurrency benchmark indices CF Benchmarks today announced plans to launch two new cryptocurrency reference rates and real-time indices for Ripple XRP (XRP) and Internet Computer (ICP), which will be...
Nuvei partners with Mastercard to introduce off-ramping of crypto to cards in Europe
Canadian fintech company Nuvei Corporation (TSX:NVEI) announces today a partnership with Mastercard to launch a new off-ramping solution that enables consumers in Europe to seamlessly convert their Digital Assets, including cryptocurrencies, into traditional fiat...
Exclusive: FPFX COO Trent Hoerr leaves for CEO role at trading competition startup BullRush
FNG Exclusive… FNG has learned that experienced FX industry executive Trent Hoerr has left his role as COO at broker tech provider FPFX, to become CEO of trading competition startup BullRush. Bullrush (at website bullrush.com) blends fantasy sports and trading into a...
UK Court schedules trials of ‘finfluencers” involved in unauthorised Forex scheme
Trials have been scheduled after the UK Financial Conduct Authority (FCA) charged nine individuals in relation to an unauthorised foreign exchange trading scheme promoted on social media. On 11 July 2024 at a plea and trial preparation hearing at Southwark Crown...
The US stock indices are once again hitting highs. Oil rises amid falling inventories :: InvestMacro
By JustMarketsAt the end of Wednesday, the Dow Jones Index (US30) rose by 1.09%, and the S&P 500 Index (US500) gained 1.02%. The NASDAQ Technology Index (US100) closed yesterday 1.18% positive. The S&P 500 and Nasdaq 100 indices hit new all-time highs, while...
Euronext announces launch of its new London-based microwave service EWIN
Pan-European market infrastructure Euronext today announced the successful launch of its new London-based microwave service, the Euronext Wireless Network (EWIN). Euronext is the first exchange in Europe to offer “Plug & Play” order entry in London via microwave...
Japanese Yen Faces Continued Decline Amid Interest Rate Differentials :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair has risen to 161.65, with the market cautious ahead of today’s US consumer price index release. Despite this, the yen remains weakened by the significant interest rate differential between the Bank of Japan (BoJ) and...
LSE to implement new listing rules in line with FCA requirements
The London Stock Exchange (LSE) today confirmed amendments to its Admission and Disclosure Standards that will apply following changes to the Listing Rules announced by the Financial Conduct Authority (FCA) on 11 July 2024 and due to become effective on 29 July 2024....
Stock indexes hint at Euro 2024 winners? :: InvestMacro
UK100 index has risen 6.2% so far this yearMarkets predict SPN35 can climb another 18.7% within 12 monthsMarkets predict UK100 can climb another 14.4% within 12 monthsSpain favoured to beat England in Euro 2024 finalEngland and Spain are set to battle it out for...
FINRA fines FNBB Capital Markets for alleged rule violations
FNBB Capital Markets, LLC has agreed to pay a fine of $30,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). Between June 2020 and September 2023, FNBB issued 121 non-institutional customer confirmations for municipal transactions....
Court dashes EminiFX owner’s attempt to dismiss CFTC case
Eddy Alexandre, owner and operator of EminiFX, has failed to secure dismissal of the CFTC case against him and his firm. The relevant order was signed by Judge Valerie E. Caproni of the New York Southern District Court on July 10, 2024. This case arises out of Eddy...
Italy’s CONSOB orders blocking of websites of OneCapital CFDS and Algobot24
Italy’s Companies and Exchange Commission (CONSOB) has issued orders for the blocking of five unauthorised investment websites. In issuing the orders, the Authority availed itself of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law no. 58 of 28...
Deutsche Bank, former derivatives trader agree on dismissal of malicious prosecution lawsuit
Deutsche Bank and Matthew Connolly have agreed to dismiss the malicious prosecution lawsuit brought by the former trader. This becomes clear from a document filed by Connolly on July 10, 2024, at the New York Southern District Court. The Stipulation of Voluntary...
Exclusive: BP Prime (Black Pearl Securities) Managing Director Zuzana Hashemi departs
FNG Exclusive… FNG has learned that Zuzana Hashemi has left her position as Managing Director of London/Dubai based Retail FX and CFDs broker BP Prime. BP Prime is operated by FCA regulated Black Pearl Securities Limited, and focuses on HNW and professional clients....
Liquidnet appoints Jeffrey Crane as Head of International in the Americas
Liquidnet, a technology-driven agency execution specialist, today announced the appointment of Jeffrey Crane as Head of International in the Americas. This hire comes as Liquidnet continues to invest in its cross-border business, currently available in 57 global...
State Street Global Advisors launches Gold Fund
State Street Global Advisors, the asset management business of State Street Corporation (NYSE:STT), today announced the launch of the State Street Gold Fund, a new unlisted managed fund in Australia. The State Street Gold Fund seeks to track the performance of the...
FCA makes biggest changes to UK listing regime in over three decades
In rules published today, the UK Financial Conduct Authority (FCA) has set out a simplified listings regime with a single category and streamlined eligibility for those companies seeking to list their shares in the UK. The overhaul of listing rules better aligns the...
The RBNZ kept the interest rate at 5.5%. In China, inflationary pressures are easing. :: InvestMacro
By JustMarkets At Tuesday’s close, the Dow Jones (US30) Index was down 0.13%, while the S&P 500 (US500) Index added 0.07%. The NASDAQ Technology Index (US100) closed positive 0.14%. Stock indices showed mixed performance on Tuesday, with the S&P 500 (US500)...
What the Supreme Court’s ruling in SEC v. Jarkesy means for investors :: InvestMacro
By D. Brian Blank, Mississippi State University and Brandy Hadley, Appalachian State University A recent Supreme Court ruling has gotten a lot of attention for how it could reshape government. What’s gotten much less attention is how it could affect markets.As finance...
Exclusive: Prospero Markets losses topped $25M, liquidators expect full client refunds
FNG Exclusive… FNG has learned that BRI Ferrier, the firm hired to oversee the liquidation of (formerly ASIC licensed) Retail FX and CFDs broker Prospero Markets in Australia, has completed its first review and Statutory Report to Creditors about Prospero, unveiling...
Expert Says Buy Copper :: InvestMacro
Michael Ballanger of GGM Advisory Inc. shares his thoughts on the current state of copper and gold and explains his positions in some stocks. When I started writing a newsletter decades ago, I did so for two reasons. The first was to condense communication to one...
Clearstream Banking to enhance its existing domestic link to Cyprus
Clearstream Banking has informed clients that it will enhance its existing domestic link to Cyprus effective 5 August 2024 with a direct participant account at the Cypriot CSD, Cyprus Stock Exchange. Citibank Europe PLC Greece Branch will continue as the operator of...
Gold Prices Rise Amid Anticipation of Fed Rate Cut :: InvestMacro
By RoboForex Analytical DepartmentGold prices continue to experience an upward trend, reaching 2368 USD per troy ounce, fuelled by growing market anticipation of a potential rate cut by the US Federal Reserve. As investors focus on upcoming US inflation data, gold...
eToro expands list of assets available to trade during extended hours
Online broker eToro has expanded the list of investment instruments that can be traded during extended hours. eToro has added 19 new EXT instruments to its platform. This means traders will now have even more opportunities to seize the day. The latest additions...
AI Data Centers, EVs to Lead New Surge in Energy Demand :: InvestMacro
Source: Streetwise Reports (7/9/24)With Electric Vehicles (EVs) and a swarm of new products requiring more power, experts agree that a surge in demand is coming, and soon. Here are several companies that can get you exposure to this important and growing resource.With...
CMC Markets grants 113k shares to CEO Peter Cruddas
CMC Markets Plc (LON:CMCX), a major provider of online trading and institutional technology solutions, today announced transactions in its shares by senior executives. On July 9, 2024, CMC Markets granted 113,772 shares in the company to CEO Peter Cruddas. This is a...
DTCC’s FICC introduces public-facing VaR calculator
The Depository Trust & Clearing Corporation (DTCC) today announced the launch of a new public-facing Value at Risk (VaR) calculator. The calculator provides market participants with the ability to evaluate potential margin and Clearing Fund obligations associated...
ASIC secures Court ruling against Firstmac for breaches of new design and distribution provisions
The Australian Federal Court today found that Firstmac Limited breached the new design and distribution provisions by failing to take reasonable steps that would have resulted in, or would have been reasonably likely to have resulted in, the distribution of one of its...
Nvidia becomes second most popular stock on eToro platform in Q2 2024
Retail investors continue to back Nvidia whilst simultaneously casting a wider net in the hunt for AI winners, according to the latest quarterly stocks data from online broker eToro. Among the most held stocks, Q2 saw another significant shift in the rankings, with...
Interactive Brokers adds conditional orders to IBKR Mobile app
Electronic trading major Interactive Brokers has enhanced the IBKR Mobile app for Android-based devices. Conditional orders automatically submit or cancel your order if your defined criteria are met. Set conditions on price, change %, volume, margin cushion, another...
Equals receives improved proposal from Railsr, TowerBrook
Equals Group plc (LON:EQLS) today provided an update on the review of its strategic options. The Board of Equals confirms that it has received an improved indicative non-binding proposal from the consortium comprising Embedded Finance Limited (“Railsr”) and TowerBrook...
Finepoint Capital seeks to dismiss Deutsche Bank’s complaint regarding Lehman’s bankruptcy estate claims
Less than a month after Deutsche Bank filed a complaint against Finepoint Capital regarding Lehman Brothers’ bankruptcy estate claims, the defendants have made it clear they intend to challenge the complaint. In a letter submitted at the New York Southern District...
Broadridge adds values-based investing tool into advisor platform
Broadridge Financial Solutions, Inc. (NYSE:BR) has made a strategic enhancement to its Wealth Aggregation and Insights platform that will help financial advisors develop greater portfolio personalization aligned with their clients’ core values. Broadridge has...
Exclusive: Trading.com/FXDD alum Lubo Kaneti joins SparkMarkets as CEO
FNG Exclusive… FNG has learned that longtime FX and CFDs industry senior executive Lubomir (Lubo) Kaneti has joined broker solutions provider SparkMarkets, as the company’s new Chief Executive Officer (CEO). SparkMarkets is a New York based SAAS and technology...
Gold-i integrates with digital asset exchange Bullish enhancing crypto liquidity
Bullish, one of the fastest-growing, regulated digital asset exchanges, has announced its integration with market-leading trading technology provider, Gold-i. The integration enables mutual customers of Bullish and Gold-i to seamlessly access Bullish exchange’s unique...
Voting rights of TriumphFX shareholder Chong Chun Hseung suspended by CySEC
Cyprus financial regulator The Cyprus Securities and Exchange Commission (CySEC) has announced that it has decided to extend the suspension of voting rights attached to the shares of the company Shine Trades (CY) Limited (formerly known as Triumph Int. (Cyprus) Ltd)...
Canada’s CSA warns of pump-and-dump social media investment groups
The Canadian Securities Administrators (CSA) has issued a warning about fraudulent “investment groups” promoted on social media like Facebook and Instagram. These groups could be running a scam called a “pump and dump.” How the scam works: Scammers use social media to...
CLS updates on impact to CLSSettlement following move to T+1 for securities settlement in the US
CLS today issued an update on the impact to CLSSettlement following the T+1 implementation in the US securities market on 28 May 2024. Throughout June, CLS monitored CLSSettlement average daily settlement values and volumes and confirms there has been no decrease in...
HSBC teams up with Visa to develop Zing international money app
Visa (NYSE:V) and HSBC (LON:HSBA) today announced the technological collaboration in support of HSBC Group’s new international payments app, Zing. Zing enables users to hold funds in over 10 different currencies, send over 30 currencies, transact in over 200 countries...
Oil declines amid prospects of an agreement between Israel and Hamas. Powell will address the US Congress today :: InvestMacro
By JustMarketsOn Monday, the Dow Jones (US30) decreased by 0.08%, while the S&P 500 (US500) added 0.10%. The NASDAQ Technology Index (US100) closed positive 0.28%. Strengthening chip stocks on Monday led technology stocks higher and boosted the overall...
SEC obtains final judgment against investment adviser charged with running fraudulent investment scheme
The Securities and Exchange Commission (SEC) has obtained a final judgment against Evarist C. Amah, an investment adviser, who was previously charged with operating a fraudulent investment scheme. On August 9, 2021, the Commission charged Amah for running a years-long...
EUR/USD Holds Firm Amid Weakening Dollar and Rate Cut Expectations :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair is maintaining its position close to a multi-week high of 1.0829, benefitting from the weakening US dollar following a disappointing June US employment market report. Market anticipation is now building ahead of an...
OANDA, GAIN Capital hold “short and unfruitful” settlement talks in FX patent infringement lawsuit
Forex brokers OANDA and GAIN Capital have submitted a joint status letter at the New Jersey District Court. The document, seen by FX News Group, concerns a Forex patent lawsuit, in which OANDA accuses GAIN of infringing its patents. The letter says that, while the...
Clearstream launches Collateral Insights Dashboard to optimise collateral management
Clearstream has launched a new data-driven solution to simplify and optimise collateral management: the Collateral Insights Dashboard. The Collateral Insights Dashboard eliminates the challenges of scattered data and manual processes. It provides clients with...
CySEC to conduct thematic review of how investment firms handle uninvested funds
The Cyprus Securities and Exchange Commission (CySEC) is launching a thematic review regarding the handling of uninvested funds held by Cyprus investment firms (CIFs) on behalf of their (potential) clients, including the payment of interest or returns on these...
FCA considers wider use of criminal background checks on owners and controllers of financial institutions
The Financial Action Task Force (FATF) has recommended that the UK Financial Conduct Authority (FCA) consider the wider use of criminal background checks on owners and controllers of financial institutions. This recommendation is aimed at ensuring that criminals and...
FairXchange releases Sentinel AI-driven alerting to enhance FX liquidity data analytics
Financial data analytics firm FairXchange has announced that it has launched Horizon Sentinel, an AI-driven alerting tool that identifies commercially relevant changes to a Financial Institution’s liquidity and counterparty activity as soon as they occur. Sentinel...
OTC Clear to accept China govt bonds as collateral for Swap Connect
Hong Kong Exchanges and Clearing Limited (HKEX) today welcomed the announcement from the People’s Bank of China to allow China Government Bonds and Policy Financial Bonds, held by international investors through Bond Connect, as collateral for Northbound Swap Connect....
Edward Tilly joins Clear Street as President
Clear Street, a financial technology firm on a mission to modernize the brokerage ecosystem, today welcomes Edward Tilly to the firm as President. Edward Tilly joins Clear Street after a successful decade-long tenure as Chief Executive Officer at CBOE Global Markets,...
NFA orders Rimar Capital and its principal Itai Royi Liptz to withdraw from NFA membership
The US National Futures Association (NFA) has ordered Rimar Capital LLC, an NFA Member commodity trading advisor located in Burlingame, California, and Itai Royi Liptz, an associated person (AP) and a principal of Rimar Capital, and an NFA Associate to withdraw from,...
Prop firm Smart Prop Trader delisted from Propfirmmatch for delayed payouts
Prop trading comparison site Propfirmmatch.com has announced that US based retail prop trading firm Smart Prop Trader has been delisted from its site. According to a tweet on X (formerly Twitter) from Propfirmmatch, in recent weeks it has received a notable amount of...
AUD/USD Hits Six-Month High Amid RBA Rate Hike Speculations :: InvestMacro
By RoboForex Analytical DepartmentThe AUD/USD pair reached a six-month high of 0.6752, marking its fifth consecutive day of gains. The currency’s strength is largely driven by market expectations that the Reserve Bank of Australia (RBA) might diverge from the global...
CME Group names Mike Dennis its Global Head of Fixed Income
International derivatives marketplace CME Group today announced the appointment of Mike Dennis as Global Head, Fixed Income. In this position, Dennis will oversee the company’s largest, most actively traded global benchmark futures and options contracts on SOFR and...
Steady as France faces hung parliament :: InvestMacro
By ForexTime France’s Left-Wing coalition bags surprise victoryNo outright majority means hung parliament outcomeFRA40 bounces from 200-day SMAKey levels of interest – 7790, 7700 & 200-day SMAFXTM’s FRA40 moved higher on Monday as markets digested the unexpected...
BNP Paribas partners with QuantumStreet AI to launch Cross Asset Trend and AI Index in Brazil
BNP Paribas and QuantumStreet AI today announced the launch of a proprietary new BNP Paribas Cross Asset Trend and AI Index in Brazil with global plans. The BNP Paribas Cross Asset Trend and AI Index is designed to combine traditional trend-based investing techniques...
Skepticism about Biden’s continued participation in the re-election campaign is growing in the US. In France, the elections ended with uncertainty :: InvestMacro
By JustMarkets On Friday, the Dow Jones (US30) Index gained 0.17% (for the week +0.73%), while the S&P 500 (US500) Index gained 0.54% (for the week +1.43%). The NASDAQ Technology Index (US100) closed positive 0.90% (for the week +2.58%). Stock indices rose...
Capital.com introduces 0% overnight funding on non-leveraged CFD trades
Leading Retail FX and CFDs broker Capital.com has announced that it will remove overnight funding for non-leveraged (1:1 leverage) CFD trades on shares and cryptocurrencies (crypto trading is not available to retail clients in the UK). The company said that its...
Former IG Group CEO Charlie Rozes joins BMS Insurance
BMS Group, a UK based independent specialist insurance and reinsurance broker, has announced the appointment of Charlie Rozes as Group CFO and Executive Director. Based in London, Rozes will report to Nick Cook, BMS Group CEO, and will join in November. Rozes will be...
Vantage Markets enhances Copy Trading with Multi-Currency and Multi-Account Type support
Multi-asset broker Vantage Markets today unveiled a series of enhancements to its Vantage App, aimed at improving the copy trading experience. Vantage Copy Trading now boasts support for a diverse range of currencies, including EUR, HKD, INR, JPY, US Cents, and USD....
Italy’s CONSOB issues warning against online trading “video games”
Italy’s Companies and Exchange Commission (CONSOB) today issued a warning against online trading “video games”. Consob warns investors against the risks associated with offers, promoted on the web and social media, of exercises that simulate an online trading activity...
Cboe Europe plans to launch Cboe BIDS VWAP-X
Cboe Europe, a division of Cboe Global Markets, Inc, today announced that it plans to launch Cboe BIDS VWAP-X, a new trading service allowing participants to source and match liquidity at a forward benchmark price. This service is scheduled to launch in early Q4 2024,...
eToro adds 115 LSE-listed stocks to lineup of investment instruments
Online broker eToro has added 115 new stocks from the London Stock Exchange to its lineup of investment instruments. Below are some of the latest additions: $DIA.L (Dialight Plc) $PODP.L (Pod Point Group Holdings Plc) $SERE.L (Schroder European Reit Plc) $CGS.L...
FX week in review: Saxo Bank cuts countries; ActivTrades loss, Robinhood AI acquisition, Admirals mgmt change
Which countries did Saxo Bank list in a note to its institutional partners, stating that it was stopping to onboard clients from certain geographies? What led to a 45% Revenue drop, and a large net loss, at Retail FX and CFDs broker ActivTrades? What AI based company...
XTM announces Cease Trade Order
XTM Inc, a Fintech creator of payment innovations, announces that on July 3, 2024, the Ontario Securities Commission (OSC) issued a failure-to-file cease trade order (FFCTO) to the Corporation. The FFCTO is a result of XTM’s failure to file the following: audited...
Gold Maintains Upward Trend as Market Anticipates US Jobs Data :: InvestMacro
By RoboForex Analytical DepartmentGold prices have continued their ascent, with a troy ounce of the precious metal reaching USD 2363. This rise is primarily fuelled by anticipated US employment data for June, which could significantly influence the Federal Reserve’s...
Exclusive: Sabrina Elofer sentenced to time served in Yukom binary options scam
FNG Exclusive… FNG has learned that Sabrina Elofer has been released to six months of home confinement, after United States District Judge Paula Xinis sentenced her to time served, in the Yukom Communications binary options scam. Ms. Elofer has also agreed to pay more...
Bitcoin is down to $55,000. Switzerland is seeing a further decline in inflation :: InvestMacro
By JustMarkets The US stock market did not trade yesterday due to the US Independence Day celebrations.On Friday, the dollar index held near 105, hovering at three-week lows as investors await the release of an important US jobs report expected to show further signs...
FINRA fines RBC Capital Markets for alleged rule violations
RBC Capital Markets, LLC has agreed to pay a fine of $75,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From January 2016 to at least December 2023, RBC’s system that provided customers with rights of reinstatement benefits on...
US500 set for major pullback? :: InvestMacro
US500 gains 15% in first half of 2024April only negative trading month this yearUS CPI, Powell Testimony & Big bank earnings in focusBullish but RSI overbought on multiple timeframesTechnical levels – 5600, 5500 & 5460The UK general election is done and dusted...
Leverate releasing Prop V 2.2 with Challenge Retry, enhanced broker portal
Leading broker technology provider Leverate has announced two major updates that the company says will revolutionize the trading experience: the release of Prop V2.2, and the new and improved Broker Portal. The following is a brief overview of the forthcoming features...
Interactive Brokers to add Custom Layouts and Multi-Window Management to IBKR Desktop platform
Electronic trading major Interactive Brokers has plans to expand the capabilities of its IBKR Desktop platform. The broker plans to add: Custom Layouts and Multi-Window Management Improved Asset and Search Features Translation/Localization Level II Market Data Time...
Ant Group presents cloud-based cryptographic computing platform
Ant Group today unveiled SecretFlow Cloud, its cloud-based cryptographic computing platform, and a suite of cryptographic computing solutions tailored for large language models (LLMs). Leveraging integrated software-hardware cryptographic computing technologies, these...
CME Group marks record international ADV of 7.8M contracts in Q2 2024
International derivatives marketplace CME Group today announced that its quarterly international average daily volume (ADV) reached a record 7.8 million contracts in Q2 2024, up 23% year on year. Reflecting all trading reported outside the United States, the record...
HK regulator warns public of seven entities suspected of fraudulent virtual asset activities
The Securities and Futures Commission (SFC) of Hong Kong today warned the public of seven entities suspected of engaging in fraudulent activities purported to be related to virtual assets. The entities in question are: XTCQT; CEG; BTEPRO; Bitones.org; Yomaex Crypto...
Prop firm Stocknet Institute (SIworld) shuts down
UK based prop trading firm Stocknet Institute, which also operates under the brand SI World (websites stocknetinstitute.com and siworld.io), has announced that it has started the process of winding down its operations with the goal of permanently closing. Plan...
IG makes 25 more stocks available to trade during extended hours
Electronic trading major IG announces that new stocks have become available all-sessions on the IG platform. UK clients of the broker can now trade 25 more stocks in extended hours from 9am – 1am Monday to Thursday, and from 9am – 10pm on Fridays (all UK time). IG...
Exclusive: Patricia Lyn Dixon joins Capital.com from Amazon as Global Head of Programmatic
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Capital.com has hired Dubai based executive Patricia Lyn Dixon, as the company’s new Global Head of Programmatic. Patricia Lyn Dixon joins Capital.com from Amazon (NASDAQ:AMZN), where she spent the past...
Exclusive: XS.com adds SwissFS exec Rami Sami as Senior BizDev Manager
FNG Exclusive… FNG has learned that Retail FX and CFDs broker XS.com has hired experienced industry executive Rami Sami, as Senior Business Development Manager covering the MENA region. Rami Sami, who is based out of Cairo, joins XS.com from Kuwait based broker...
TradingView introduces new Percentage (LTP) calculation type for Renko, Kagi, and PnF charts
TradingView today introduced a new Percentage (LTP) calculation type for Renko, Kagi, and Point and Figure (PnF) chart types. In this mode, the box size is a percentage of the last traded price (LTP) at the moment when the symbol is loaded. Once calculated, this box...
Saxo Bank sees further 4% drop in trading volumes in June 2024
Following a 20% decline in May, client trading volumes at Copenhagen based Retail FX and CFDs broker Saxo Bank continued to fall in June 2024, with total trading coming in at $371.6 billion for the month, down 4% from the previous month. While Equity trading was flat...
Exclusive: CMC Markets marketing exec Grant Ellis moves to Finalto
FNG Exclusive… FNG has learned that CMC Markets marketing executive Grant Ellis has left the company, and joined rival brokerage group Finalto. He will serve as Digital Marketing Manager at Finalto. Grant Ellis joined CMC Markets (LON:CMCX) in 2022 as Digital...
CME Group to revise CME Globex Messaging Efficiency Program
Effective trade date Tuesday, October 1, CME Group will revise the CME Globex Messaging Efficiency Program to more effectively target messaging that can negatively impact system performance, impair efficient access to the market, and create unnecessary infrastructure...
ASIC warns of NGS Crypto rebranding to Hiddup
The Australian Securities and Investments Commission (ASIC) has informed the public that NGS Crypto has rebranded to Hiddup. As at 1 July 2024, NGS Crypto’s website https://ngscrypto.com/ redirects to the website https://hiddup.com/. Hiddup’s website states that NGS...
GCEX Dubai appoints Saeed Al Darmaki as Non-Exec Director
GC Exchange FZE (GCEX), the UAE arm of FX and digital assets institutional brokerage GCEX Group, has announced that it has appointed Saeed Al Darmaki as Non-Executive Director for the UAE region. Saeed Al Darmaki brings a wealth of connections and significant...
Worldline, BKN301 extend their partnership in digital payments
Payment services provider Worldline continues its strategic partnership with BKN301, a Banking-as-a-Service fintech company that continues to grow in the digital payment services market. The partnership that began in 2022 includes BKN301’s integration of Worldline’s...
Belgium’s FSMA registers rise in recovery room fraud in H1 2024
Belgium’s Financial Services and Markets Authority (FSMA) today published the dashboard on investment fraud for the first half of 2024. Fraudulent trading platforms and cryptocurrency scams still represent about half of the reports about unlawful activities received...
Gold-i and Cypator partner to enhance Crypto liquidity access for Retail/Margin Broker clients
Leading electronic trading industry tech provider Gold-i has announced that it is partnering with crypto Electronic Communication Network (ECN), Cypator. The parties said that this collaboration significantly enhances access to deep bespoke crypto liquidity pools for...
CFTC secures Court order against Sam Ikkurty, Jafia, Ikkurty Capital in Ponzi scheme case
The Commodity Futures Trading Commission (CFTC) today announced Judge Mary Rowland of the Illinois Northern District Court entered an order granting summary judgment to the CFTC on all counts of its complaint. Judge Rowland also ordered more than $83.7 million in...
Exclusive: Capital.com hires Revolut exec Tarek Mahassen as Head of Risk
FNG Exclusive… FNG has learned that leading Retail FX and CFDs broker Capital.com has hired Tarek Mahassen as Head of Risk. He will be relocating from Spain to Dubai for his new position at Capital.com. Tarek Mahassen spent the past two and a half years at neobank...
AUD/USD Sees Uptick Amidst Mixed Sentiment :: InvestMacro
By RoboForex Analytical DepartmentAUD/USD has climbed to 0.6676 yet remains in a “sideways” pattern, indicating a lack of clear directional momentum in the market.The Australian dollar’s appreciation is linked to a softening in the US dollar’s stance, influenced by...
dxFeed unveils Cboe One Canada Summary Feed
dxFeed, a market data solutions and index management provider for the global financial industry, both traditional and crypto, announces it has added the Cboe One Canada Summary Feed, a real-time Canadian equities market data product from Cboe Global Markets. This...
What you need to know :: InvestMacro
Opinion polls point to landslide Labour victoryUnexpected results could trigger volatility on GBP & UK100Bloomberg FX model: 77% GBPUSD – (1.2569- 1.2800)UK100 under pressure with W1 support at 8100Millions of voters in Britain will be heading to the polls...
Exclusive: Former TopFX exec Rami Fleifel joins MetaQuotes as Sales Manager
FNG Exclusive… FNG has learned that longtime TopFX executive Rami Fleifel has joined MT4 and MT5 trading platform developer MetaQuotes, as Sales Manager. Rami Fleifel, who hails from Lebanon but based out of Cyprus for the past decade, had spent the past eight years...
Natural gas prices fall to a 7-week low. Tesla shares surge amid rising sales :: InvestMacro
By JustMarketsThe Dow Jones (US30) Index added 0.41% at Monday’s close, while the S&P 500 (US500) Index gained 0.62%. The NASDAQ Technology Index (US100) closed positive 0.84% on Tuesday. Stock indices ended Tuesday’s trading with moderate gains. Stocks found...
Interactive Brokers adds Option Exercise Column, Bond Accrued Interest in TWS platform
Electronic trading major Interactive Brokers continues to enhance its TWS platform, with the latest build (10.3) offering several novelties. Prior to placing a trade, Bond Traders may now view accrued interest on the Order Preview window. They may view this...
CoinDCX acquires BitOasis – FX News Group
BitOasis, Dubai-based virtual assets trading platform announces a successful acquisition by India-based crypto exchange CoinDCX. BitOasis has previously received a strategic investment from CoinDCX in August 2023. Combined with the company’s newly acquired license in...
ACCC allows ABA, banks and retailers to support Armaguard
The Australian Competition & Consumer Commission (ACCC) has granted interim authorisation to allow the Australian Banking Association (ABA), banks and retailers to provide financial contributions to cash-in-transit business Armaguard. ANZ Bank, Commonwealth Bank,...
HK hedge fund manager to disgorge $5.6M in illicit profit from false trading
The Market Misconduct Tribunal (MMT) has ordered Mr Jonathan Dominic Iu Wai Ching, a former responsible officer of Tarascon Capital Management (Hong Kong) Limited, to disgorge illicit profit of over $5.6 million from false trading and disqualified him for four years...
FINRA orders Merrill Lynch to pay $1.48M in restitution to 1361 customers
Merrill Lynch, Pierce, Fenner & Smith Incorporated has reached a settlement with the Financial Industry Regulatory Authority (FINRA) for alleged rule violations. From January 2018 through June 2022, in connection with brokerage transactions involving certain...
Copy trading provider Pelican integrates with the DXtrade CFDs platform
Copy trading provider Pelican has announced a new partnership with Devexperts’ DXtrade, the trading platform powering both big-name and start-up FX, CFD, and crypto brokers. The parties said that their collaboration is highly anticipated news for brokers and traders,...
ABN AMRO completes acquisition of neobroker BUX
Amsterdam based banking group ABN Amro (AMS:ABN) has announced that it has officially completed the acquisition of neobroker BUX. The acquisition of BUX, first announced back in December, was subject to regulatory approvals which have now been obtained, and the...
Equals Group registers rise in revenues in H1 2024
Fintech payments group Equals Group plc (LON:EQLS) today provided a trading update for the six months ended 30 June 2024 (‘H1-2024’). The Group saw revenues increase £14.9 million compared with the same period last year to £60.0 million, an increase of 33%...
Binance to halt all marketing activities for Turkish clients
Binance has unveiled some important changes to its services in the Republic of Türkiye. In line with Turkish regulations, Binance.com will remain accessible from Turkiye. However, there will be some adjustments to Binance services: Language Options: Turkish language...
From diagnosing brain disorders to cognitive enhancement, 100 years of EEG have transformed neuroscience :: InvestMacro
By Erika Nyhus, Bowdoin College Electroencephalography, or EEG, was invented 100 years ago. In the years since the invention of this device to monitor brain electricity, it has had an incredible impact on how scientists study the human brain.Since its first use, the...
Interactive Brokers announces launch of Eurex/KRX Link with extended trading hours for Korean KOSPI 200 derivatives
Electronic trading major Interactive Brokers (NASDAQ:IBKR) has announced the launch of the Eurex/KRX Link with extended trading hours for Korean KOSPI 200 derivatives. This enhancement aligns trading opportunities across Korean, US, and European time zones, providing...
EUR/USD Struggles to Maintain Gains Amid Mixed Economic Signals :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair experienced a noticeable uptick yesterday, but failed to sustain its peak, settling at 1.0732 today. Early gains were buoyed by the initial outcomes from France’s parliamentary elections, which did not reflect the...
LSEG and Dow Jones unveil multi-year data and analytics partnership
London Stock Exchange Group (LSEG) and Dow Jones today announced a new, multi-year data, news, and analytics partnership. Beginning today, news from Dow Jones’s newsrooms will be available within LSEG Workspace. Premium subscribers now have access to thousands of news...
Set for potential price swings? :: InvestMacro
Bitcoin could be rocked by Fed minutes & NFPWatch out for Mt. Gox developmentsOver past year NFP triggered moves of ↑ 2.3% & ↓ 1.9%Bearish channel breached but resistance at $63500Thanks to the incoming US jobs report and developments concerning the failed Mt....
CFTC secures $13M Court order against K.E.L. Enterprises, Dwight Foster for FX fraud
The Commodity Futures Trading Commission (CFTC) today announced Judge Sean F. Cox of the U.S. District Court for the Eastern District of Michigan entered a supplemental consent order against Dwight A. Foster and his firm K.E.L. Enterprises, Inc. The supplemental...
RBA maintains a hawkish bias. Japanese authorities are ready to conduct another intervention :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones (US30) Index added 0.13%, while the S&P 500 (US500) Index gained 0.27%. The NASDAQ Technology Index (US100) closed positive 0.83%. Strengthening large-cap tech stocks boosted the broad market on Monday. However,...
Admirals Group adds Eduard Kelvet and Lauri Reinberg to its Management Board
Estonia based Retail FX and CFDs broker Admirals Group AS has announced that the company has appointed Eduard Kelvet and Lauri Reinberg as new members of the Management Board of the Company, effective from July 1, 2024. The moves come after earlier this year Admirals...
Cultural differences impede trade for most countries – but not China :: InvestMacro
By Bedassa Tadesse, University of Minnesota Duluth It’s a widely accepted notion among economists that cultural differences can pose a significant barrier to trade. The larger the cultural gap between two countries – judging by differences in language, customs, values...
EuroTLX brings stock, bond, and certificate data to TradingView
Today, TradingView welcomes EuroTLX, which brings its stocks, bonds, and certificates right to TradingView. EuroTLX is a European multilateral trading facility (MTF) known for its specialization in trading bonds and certificates. This platform is dedicated to offering...
ActivTrades sees Revenues drop 45% in 2023 as resources diverted to StreamBank
London based Retail FX and CFDs broker ActivTrades has released its financial results for 2023, indicating a continued slide in both top and bottom line results which began in the second half of 2022. After reporting record first half 2022 Revenues of £32 million but...
Capital.com partners with TradingView to offer clients enhanced charting tools
Leading Retail FX and CFDs broker Capital.com has announced a new partnership with TradingView, the world’s leading provider of charting and analytical tools. Through this partnership, Capital.com’s clients will be able to benefit from TradingView’s comprehensive...
Sucden Financial reports rise in 2023 profit
Sucden Financial, a multi-asset execution, clearing and liquidity provider, has reported its audited financial results for the year ending 31 December 2023, with profit and total net assets increasing significantly. Profit before taxation for 2023 amounted to £23.9...
CME suspends, fines trader $120k for violations of prohibition of disruptive practices
International derivatives marketplace CME Group has imposed a fine of $120,000 on Jae Jun Kim for engaging in prohibited disruptive practices. On December 11, 2023, the Chief Regulatory Officer of CME Group’s Market Regulation Department issued charges against Jae Jun...
Xetra-Gold holdings decline to 176 tonnes
The gold holdings of Xetra-Gold (ISIN: DE000A0S9GB0) have decreased in the first half of 2024. They now amount to 175,5 tonnes, signifying a contraction of 23.2 tonnes over the year. At the beginning of 2024, the holdings were still 198.7 tonnes of gold. Over a period...
Dany Mawas promoted to Markets.com CCO
Finalto South Africa CEO Dany Mawas is set to bring his experience to the world of retail trading, with a new appointment as Markets.com Chief Commercial Officer (CCO). His appointment follows a strong six months for Finalto in the African market under Dany’s...
Saxo unveils Q3 2024 outlook warning of sandcastle economics
As economic growth remains robust, driven by sectors like defense, AI, and obesity drug manufacturing, Saxo’s strategy team warns of the fragility of this “sandcastle economy” in their quarterly outlook for Q3. Although their perspective for the short term is neutral,...
BNP Paribas expands use of CobaltFX Dynamic Credit to allocation of credit for FX transactions
BNP Paribas, an early adopter of CobaltFX’s Dynamic Credit, has announced that it is further expanding its engagement with CobaltFX, part of United Fintech, to address regulatory and industry concerns, setting a new standard for precision and effectiveness in market...
CME Group launches €STRWatch enabling clients to gauge impact of ECB rate decisions
International derivatives marketplace CME Group today launched €STRWatch, which enables clients to understand the potential impact of ECB rate decisions on futures settlement prices. The solution builds on the success of CME Group’s FedWatch, SOFRWatch and...
Webull partners with Apex and Moment to enable fixed income trading
Trading platform Webull has announced a partnership with Apex Fintech Solutions Inc. and Moment Technology, Inc. Through the partnership, Webull users will be able to trade fixed income securities and have access to an asset class traditionally reserved for...
Interactive Brokers registers 26% Y/Y rise in DARTs in June 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just reported its operating metrics for June 2024. The company reported 2.469 million Daily Average Revenue Trades (DARTs) for June 2024, 26% higher than in June 2023. The result was 5% higher...
Nasdaq announces election of all nominated directors to boards of its U.S. exchanges
Nasdaq, Inc. (NASDAQ:NDAQ) today announced the election of all nominated directors to the boards of the U.S. exchanges operated by the company. The US exchanges operated by Nasdaq include The Nasdaq Stock Market LLC, Nasdaq PHLX LLC, Nasdaq BX, Inc., Nasdaq ISE, LLC,...
Jumps on French election relief :: InvestMacro
FRA40 ↑ as much as 3% on MondayParties have till Tuesday evening to apply for second roundSecond round of election on July 7thKey level of interest – 7470 and 7700FXTM’s FRA40 initially rebounded on Monday morning as investors welcomed the preliminary results of...
Robinhood announces acquisition of AI-powered investment research platform Pluto
Robinhood Markets, Inc. today announced the acquisition of Pluto Capital Inc., an artificial intelligence (AI) powered investment research platform. Pluto Founder and CEO, Jacob Sansbury, has joined the Robinhood team to accelerate our product roadmap and help...
The Japanese yen faces further depreciation amid rate differentials :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair continues to escalate, currently positioned at 160.88, nearing the 37-year peak of 161.27 achieved last Friday.Early today, the yen temporarily strengthened following Japan’s Q2 Tankan survey results, which indicated...
Genesis rolls out version 8.1 of Genesis Application Platform
Genesis today announced the release of version 8.1 of the Genesis Application Platform, which brings developers a set of powerful new tools that streamline application development and elevate application capabilities. Coming just 30 days after the 8.0 release, it also...
Top FX and CFD trading industry news stories of 1H-2024
Hard to believe that we have already closed the books on the first half of 2024 – and what a six months it has been! We at FNG saw record traffic and visitor figures month after month (more on that below), and it is no wonder given the interesting stories and themes...
Broadridge introduces GenAI-powered OpsGPT to optimize trading in T+1 environment
Fintech company Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the launch of OpsGPT, a new capability for operations users, analysts, and management teams to transform their operations across the post-trade lifecycle. Powered by Generative AI (GenAI)...
UBS closes merger of UBS Switzerland AG and Credit Suisse (Schweiz) AG
UBS announces today that it has completed the merger of UBS Switzerland AG and Credit Suisse (Schweiz) AG. Today, Credit Suisse (Schweiz) AG has been deregistered from the Commercial Register of the Canton of Zurich and has ceased to exist as a separate entity. UBS...
CME Group fines, temporarily suspends trader for engaging in prohibited disruptive practices
International derivatives marketplace CME Group has fined and suspended Benjamin Roth for alleged violations of Exchange rules. Pursuant to an offer of settlement in which Benjamin Roth neither admitted nor denied the rule violations or factual findings upon which the...
Clearstream launches direct link to South Korea
On 1 July 2024, Clearstream introduced a direct link to South Korea with the Korea Securities Depository (KSD). This innovative link provides clients with seamless market access to settle and safekeep Korean government bonds, including Korean Treasury Bonds (KTBs) and...
TradingView adds more patterns of chart layouts to maximize analysis customization
In response to traders’ requests, TradingView has added new chart layout patterns. Now, users of the platform can choose from more patterns of chart layouts to maximize their analysis customization. There are 12 new ways to organize charts in a layout — to see them...
MAS fines GSG Capital director for insider trading
The Monetary Authority of Singapore (MAS) has imposed a civil penalty of S$70,000 on Mr Tay Joo Heng for insider trading in the shares of GS Holdings Limited (GHL). This follows a joint investigation by CAD and MAS into the case. On 19 November 2019, GHL announced...
FX week in review: LCG license restricted, FlowBank legal action, Valutrades layoffs, IG US rebrands
Why did FCA regulated Retail FX and CFDs broker LCG have severe restrictions placed on its license, and on its operations? What did FlowBank shareholders have to say, and what action are they contemplating, after Swiss regulator FINMA put the Geneva based neobank and...
Currency Speculator raised their bets for Canadian & Australian Dollars :: 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 June 25th and shows a quick view of how large market...
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 June 25th and shows a quick view of how large traders...
Speculator bets led by 10-Year Bonds & Fed Funds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday June 25th and shows a quick view of how large traders...
Speculator bets led by Platinum & Silver :: 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 June 25th and shows a quick view of how large traders...
Speculator bets led by Sugar, Cotton & Coffee :: 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 June 25th and shows a quick view of how large traders...
Australian Dollar, Soybean Oil lead weekly 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 June 25th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
CME Group fines Budo Trading for alleged violations of wash trades prohibition
International derivatives marketplace CME Group has posted a notice of disciplinary action against Budo Trading LLC. Pursuant to an offer of settlement in which Budo neither admitted nor denied the rule violations or factual findings upon which the penalty is based,...
EUR/USD continues to struggle amid US inflation concerns :: InvestMacro
By RoboForex Analytical DepartmentEUR/USD is on a downward trajectory on Friday, hovering around 1.0686 after a short-lived pause. The dollar experienced a temporary dip due to mixed American economic indicators and market anticipation ahead of the critical Core PCE...
Is a China-Taiwan Conflict Likely? Watch the Region’s Stock Market Indexes :: InvestMacro
By Mark Galasiewski | Elliott Wave InternationalThe U.S. government in early May sanctioned 300 Chinese entities for supplying machine tools and parts to Russia for its war against Ukraine, while in mid-May Russian president Vladimir Putin made a two-day visit to...
ASX confirms plans for staged implementation of CHESS replacement project
ASX today confirmed it is progressing with the targeted delivery of the first phase of the CHESS replacement project in 2026, as previously announced in November 2023. This comes as ASX today released its response to feedback received on the proposed two stage...
FRA40 braced for French elections :: InvestMacro
H2 kicks off with French/UK elections, ECB forum & NFPFRA40 ↓ 5.4% since Macron call for snap electionNational Rally currently leading pollsIndex bearish on D1 but RSI near oversoldKey points of interest – 7700, 200-day SMA, 7470An exceptional list of high-risk...
Saxo plans updates on account properties and trading capabilities within SaxoPartnerConnect
Multi-asset investment specialist Saxo Bank plans updates on account properties and trading capabilities within the SaxoPartnerConnect platform. In late July/early August 2024, Saxo will introduce the functionality to modify specific attributes on client accounts...
Today, the focus of investors’ attention is on the PCE index data :: InvestMacro
By JustMarketsOn Wednesday, the US stock indices ended trading with an increase. The Dow Jones Index (US30) gained 0.09% on Thursday, and the S&P 500 Index (US500) added 0.09%. The NASDAQ Technology Index (US100) closed positive 0.30%. Stocks were supported amid...
Exclusive: MultiBank CSO Ruslan Abuzant departs
FNG Exclusive… FNG has learned that experienced FX industry executive Ruslan Abuzant has left his position as Chief Strategy Officer (CSO) of leading UAE-based Retail FX and CFDs broker MultiBank. Ruslan Abuzant joined MultiBank in 2022 as Head of IT, relocating from...
Alpha Group International to commence new share buyback program
Alpha Group International plc, a provider of financial solutions to corporates and institutions, announces that it intends to commence a new share buyback programme to purchase ordinary shares of 0.2p each. The company has allocated a further £20 million from its cash...
Ex Doto/CFI exec Demetrios Zamboglou joins BlockFills as UAE GM
FNG has learned that longtime FX and CFDs industry executive Demetrios Zamboglou has joined digital asset trading technology company BlockFills, as BlockFills’ new General Manager UAE. Demetrios Zamboglou joined CFI as Chief Operating Officer in 2020, leaving in 2022...
FCA issues reminder of expected cessation of remaining synthetic USD LIBOR settings
The UK Financial Conduct Authority (FCA) has issued a reminder of the expected cessation of the remaining synthetic US dollar LIBOR settings at the end of September 2024. It’s now 3 months to go until the 1-, 3- and 6-month synthetic US dollar LIBOR settings are...
Saxo Bank publishes findings of Q3 2024 investor survey
Saxo Bank has run another survey of their clients to gain insights into how they predict the markets will move in Q3. The latest Saxo client pulse survey indicates a general positive sentiment regarding global equity markets and sector performance, with the majority...
HK regulator warns public of Tokencan, VBIT Exchange and HKD.com Corporation
The Securities and Futures Commission (SFC) of Hong Kong today warned the public of entities suspected of virtual asset-related fraudulent activities and/or operating virtual asset trading platform (VATP) in Hong Kong without a licence. Tokencan – a purported VATP...
Listing of RegTech Open Project shares on LSE gets temporarily suspended
RegTech Open Project plc (LON:RTOP) announces that, at the company’s request, the listing of its ordinary shares on the Main Market of the London Stock Exchange has been temporarily suspended with effect from 7.30am today. The company intends to apply to the FCA for a...
Court orders Ferratum Australia to pay $16M in penalties for prohibited fees and deficient systems
Ferratum Australia Pty Ltd (in liquidation) has been ordered to pay a total of $16 million in penalties by the Federal Court for numerous contraventions of the National Consumer Protection Act and the National Credit Code. The Court had earlier found that Ferratum...
Monster Movers & Shakers :: InvestMacro
Bitcoin ↑ almost 45% in H1Gold ↑ 12% year-to-date, but are bulls tired?US500 party to roll on or hit final hour?The first half of 2024 has been remarkable for global financial markets.Shifting monetary policy expectations, geopolitical tensions, elections across the...
Exclusive: Former Barclays Bank CEO Tim Throsby joins XTX Markets board
FNG Exclusive… FNG has learned that market maker and algo trading firm XTX Markets has recruited Tim Throsby to its board of directors. Tim Throsby will sit as a non-executive director on the boards of both XTX Markets Limited, and XTX Markets Trading Limited. Tim...
KfW issues high-volume benchmark bond via Deutsche Börse’s digital D7 platform
KfW has issued its first high-volume benchmark bond as a central register security according to the German electronic securities act (eWpG) with a value date of 2 July 2024. The issuance was facilitated by Clearstream via Deutsche Börse’s digital securities platform...
Silver prices fell to a 6-week low. Japanese authorities may intervene again to support the yen exchange rate :: InvestMacro
By JustMarketsOn Wednesday, the US stock indices ended trading in a mixed direction. At the end of the day, the Dow Jones Index (US30) rose by 0.04%, and the S&P 500 Index (US500) added 0.16%. The NASDAQ Technology Index (US100) closed positive 0.49%. Stock gains...
Nium appoints Spencer Hanlon as Chief Operating Officer
Nium, a provider of real-time cross-border payments, today announced the appointment of Spencer Hanlon to the role of Chief Operating Officer (COO). Previously, Hanlon served as Nium’s Global Head of Travel, spearheading one of the company’s fastest-growing business...
Here’s some tips for getting into the market :: InvestMacro
By Sorin Rizeanu, University of Victoria You’ve likely heard of Minecraft. It’s a simple game where you slowly place blocks and craft items from containers to castles and entire cities. You’ve probably also heard of the first-person shooter Call of Duty (COD), where...
FINRA reminds firms of their regulatory obligations when using Gen AI
The Financial Industry Regulatory Authority (FINRA) reminds its member firms that FINRA’s rules–which are intended to be technology neutral–and the securities laws more generally, continue to apply when member firms use Gen AI or similar technologies in the course of...
Is It Time To Unload Nvidia? :: InvestMacro
Source: Streetwise Reports (6/26/24)Some financial experts say yes, others no. Read on to learn the rationale behind the conclusions and stance of several.The movement of Nvidia Corp.’s (NVDA:NASDAQ) stock during June, rising to its all-time high and then plunging,...
eToro renews sponsorship of Operazione Nostalgia
Online broker eToro has renewed its support for Operazione Nostalgia, an organization whose main goal is to highlight the positive values associated with soccer and sports. The trading and investing platform has decided to continue the sponsorship by participating as...
Yen under pressure as USD/JPY hits new highs since 1986 :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair soared to 160.34 on Thursday, reaching levels not seen since 1986, as market participants increasingly anticipate potential interventions from Japanese authorities. Despite repeated verbal assurances, the Japanese...
TradingView optimizes analysis with new indicators in Stock Screener
TradingView is optimizing analysis with new indicators in the Stock Screener. The Stock Screener now features enhanced indicators for in-depth analysis and stock selection. These additions include various performance ratios, capital and debt management metrics, a new...
Exclusive: Valutrades layoffs include BizDev head Lauren Connor
FNG Exclusive… FNG has learned that FCA regulated Retail FX and CFDs broker Valutrades is in the process of completing a round of redundancies in its London office, as the company looks to reduce costs that have been going up rapidly in the face of inflation. Included...
Saxo urges OpenAPI developers to update to the latest Excel add-in version
Multi-asset investment specialist Saxo Bank has issued a notice to OpenAPI developers regarding necessary upgrading. As the company is deprecating parts of the old infrastructure, it is important that the developers update to the latest version of the Excel add-in...
CFI expands FIBA WASL collaboration as league’s Presenting Partner
Leading online trading provider CFI has announced that it has significantly expanded its collaboration with the FIBA West Asia Super League (FIBA WASL), securing a landmark deal with eVulpa LLC, the exclusive FIBA WASL rights holder, as the League’s Presenting...
HKEX to launch Weekly Hang Seng TECH Index Options
Hong Kong Exchanges and Clearing Limited (HKEX) plans to launch Weekly Hang Seng TECH Index Options on 2 September, subject to regulatory approval. Weekly Hang Seng TECH Index Options are options that expire every week, supporting needs of investors to manage their...
SquaredFinancial introduces its Social Trading tool on MT4
Fintech firm SquaredFinancial is introducing its Social Trading on the MetaTrader 4 (MT4) platform. This functional solution gives traders, who should have an understanding of the potential risks, easy access to copy trading on this industry-standard and go-to-choice...
Italian regulator blocks access to websites of CM FX Trade and Investax
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 Consob orders are: “FusionLots” (website https://fusionlots.com and related page...
eToro introduces “Why is it Moving?” feature
Online broker eToro continues to expand the capabilities of its platform, adding a new “Why is it Moving?” feature. This new tool provides real-time explanations for the price movements of stocks traders are interested in. Whether it’s breaking news, an earnings...
SmartStream upgrades its Advanced Payment Control solution
SmartStream, a financial Transaction Lifecycle Management (TLM) solutions provider, today announces a significant upgrade to its Advanced Payment Control (APC) solution. This update further streamlines and optimises payment investigations by accommodating any number...
CySEC withdraws CIF license of Pricewaterhousecoopers Investment Services
The Cyprus Securities and Exchange Commission (CySEC) today announced the withdrawal of the Cyprus investment firm (CIF) authorisation of Pricewaterhousecoopers Investment Services (Cyprus) Ltd. The decision was made during a regulatory meeting held on June 17, 2024....
RBA may raise rates amid price hikes. BoC is likely to postpone rate cuts amid inflationary pressures :: InvestMacro
By JustMarketsThe US stock indices ended trading mixed on Tuesday. At the end of Tuesday, the Dow Jones Index (US30) was down 0.76%, while the S&P 500 Index (US500) added 0.39%. The NASDAQ Technology Index (US100) closed positive 1.26%. The broader market held its...
Exclusive: Sales Manager Ahmed Gomaa leaves Doo Prime
FNG Exclusive… FNG has learned that experienced MENA region executive Ahmed Gomaa has left his position as Sales Manager at Retail FX and CFDs broker Doo Prime. Ahmed Gomaa had joined Doo Prime earlier this year, as was also reported exclusively at the time here at...
AUD/USD surged, buoyed by RBA confidence and inflation growth :: InvestMacro
By RoboForex Analytical DepartmentThe Australian dollar strengthened notably against the US dollar, with the AUD/USD pair reaching 0.6684. Australia’s May economic indicators from MI remained unchanged at zero compared to the previous value. Meanwhile, Australia’s...
Martin Schlegel to become Chairman of SNB
At its meeting of 26 June 2024, the Federal Council appointed Martin Schlegel as new Chairman of the Governing Board of the Swiss National Bank (SNB) and thus as successor to Thomas Jordan. Martin Schlegel will assume office with effect from 1 October 2024 and take...
Waits on key risk event :: InvestMacro
Bitcoin ↓ over 8% on MondayRoughly 2% above $60,000 supportOver past year US PCE triggered moves of ↑ 0.9% & ↓ 2.3%Key point of interest – $60,000Technical levels – $60,254.93, $57,5656.20 and $66,365.11Bitcoin’s extended losses have set off alarm bells for bulls,...
Interactive Brokers issues statement on sharp drop in Berkshire Hathaway Class A share price
Electronic trading major Interactive Brokers (NASDAQ:IBKR) today issued a statement regarding the sharp drop in Berkshire Hathaway Class A share price. On the morning of Monday, June 3, 2024, at approximately 9:50 am EDT, the price of Berkshire Hathaway Class A shares...
CME Group, Google Cloud announce new Chicago Area private cloud region
CME Group and Google Cloud today announced plans to build a new private Google Cloud region, and a co-location facility, in Aurora, Illinois. The private Google Cloud region will host Google Cloud’s new, industry-first specialized platform designed to support global...
Alice Blue joins TradingView’s list of partner brokers
TradingView is expanding trading opportunities for its Indian users and welcomes Alice Blue, a newly integrated brokerage on TradingView: trade equities, funds, futures, and bonds from India’s top exchanges directly from TradingView charts. Founded 16 years ago in...
Binance to move UAE resident account holders to Binance FZE
Binance has received a Virtual Asset Service Provider (VASP) licence from Dubai’s Virtual Assets Regulatory Authority (VARA) for its local exchange in Dubai, Binance FZE. There will be an account transition for all UAE residents from the Binance Global Exchange to the...
eToro survey reveals financial services is the most owned sector among retail investors
Financial services is by far the most owned sector among retail investors, according to data from the latest Retail Investor Beat (RIB) from trading and investing platform eToro. In the study of 10,000 retail investors across 12 countries, 61% say they hold financial...
HK regulator bans ex-COO of DA International Financial Service for three years and seven months
The Securities and Futures Commission (SFC) of Hong Kong has prohibited Mr Wu Chao, a former responsible officer, manager-in-charge (MIC) and chief operations officer of DA International Financial Service Limited, from re-entering the industry for three years and...
ATFX Executive Talks: Drew Niv
FNG Exclusive Interview… Drew Niv, who took on the role of Chief Strategy Officer at ATFX this year, brings a wealth of experience and a fresh perspective to the team. Today, he will share more about his vision and strategic plans for driving ATFX’s growth and...
Crypto ECN Crossover Markets raises $12M from Illuminate, DRW
London based digital asset technology firm Crossover Markets has announced that it has raised $12 million in a Series A funding round led by Illuminate Financial (Illuminate) and DRW Venture Capital (DRW VC). Illuminate and DRW VC join a growing list of strategic...
CFTC issues Order of Registration as derivatives clearing organization to ForecastEx
The Commodity Futures Trading Commission (CFTC) today announced it has issued ForecastEx, LLC an Order of Registration as a derivatives clearing organization (DCO) and an Order of Designation as a designated contract market (DCM) under the Commodity Exchange Act...
FXOpen expands its integration with TradingView to mobile apps
Retail Forex broker FXOpen is expanding its integration with TradingView and is now available on TradingView’s mobile apps. With this update, you can trade via your favorite broker anytime, anywhere, enhancing your trading experience with unparalleled convenience....
Lingers near 3-month low :: InvestMacro
Corn ↓ 9% since start of 2024Bearish on H1 but RSI near oversoldTechnical levels – 432.00 and 423.40Possible breakout on horizon?Markets remain edgy ahead of a week packed with high-risk events that could spark fresh volatility!Ahead of the main events, FXTM’s new...
CME Group U.S. Credit Futures surpass 400 contracts in first week of trading
International derivatives marketplace CME Group today announced that its new U.S. Credit futures have traded 415 contracts since their launch on June 17. “In just one week since launch, our credit futures are generating strong trading activity as clients turn to more...
RBA and RBNZ have no plans to cut rates this year. Oil is trading at a 2-month high :: InvestMacro
By JustMarketsOn Monday, the Dow Jones (US30) Index added 0.67% and rose to a one-month high, while the S&P 500 (US500) Index fell by 0.31%. The NASDAQ Technology Index (US100) closed negative 1.09% and fell to a one-week low. Weakness in technology stocks on...
SEC charges Meta Materials, former CEOs with market manipulation and fraud
The Securities and Exchange Commission (SEC) today filed charges against Meta Materials Inc. and its former CEOs, John Brda and George Palikaras. The company has agreed to settle the SEC’s charges in an administrative proceeding, while the SEC’s litigation against...
Brent crude oil hits two-month high amid geopolitical tensions :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil prices surged to $86 per barrel on Tuesday, marking the highest level in two months. This rise was driven by escalating geopolitical risks in Eastern Europe and the Middle East, particularly the ongoing confrontation...
Exclusive: Capital.com appoints Campbell MacPherson as CEO of its Australian subsidiary
FNG Exclusive… FNG has learned that leading Retail FX and CFDs broker Capital.com has hired Campbell MacPherson as its new Chief Executive Officer (CEO) in Australia. He succeeds Laura Lin, who stepped down in March 2024. Campbell MacPherson has over 25 years of...
Trading Technologies partners with Hidden Road
Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, today announced that it has partnered with Hidden Road, the global credit network for institutions, through Hidden Road Partners CIV US LLC, its futures commission...
Genesis, interop.io announce technology alliance
Genesis Global and interop.io today announced a technology alliance to promote software innovation and customized, multi-application workflows in the financial markets industry. The alliance makes it seamless for mutual clients to bring high-performance front-,...
Marios Antoniou leaves M4Markets for CEO role at LP Prime
FNG has learned that experienced FX industry executive Marios Antoniou has been recruited as CEO of institutional FX/CFDs liquidity provider startup LP Prime. LP Prime was recently launched by former oneZero and PrimeXM executive Louay Amhaz, as was exclusively...
Nuvei secures approval for Retail Services Category II License from Central Bank of UAE
Canadian fintech company Nuvei Corporation (TSX:NVEI) today announced that it has secured an in-principle approval for a Retail Services Category II License from the Central Bank of the UAE, representing an important strategic expansion into the United Arab Emirates...
IronFX to mitigate messaging app compliance risks with Convrs
Retail FX and CFDs broker IronFX has announced that it has taken a significant step to harness the potential of messaging apps while ensuring compliance, inking an agreement with messaging platform provider Convrs. Messaging apps are ubiquitous and easily accessible,...
Which Dividend Stock is the Better Buy? :: InvestMacro
By The Ino.com TeamDespite the industry challenges, Chevron Corporation (CVX) and NextEra Energy, Inc. (NEE) are both gaining significant traction and rewarding shareholders with reliable dividends. But if you had to choose between them, which would be the better...
ION integrates its fixed income solutions with XTP Execution
ION, a provider of mission-critical trading and workflow automation software, high-value analytics, and strategic consulting, announces the successful integration of its fixed income solutions with XTP Execution, extending client access to a range of futures markets...
Lancaster Investment Management questions offer for Hargreaves Lansdown
Lancaster Investment Management has sent a letter to Alison Platt, Chair of Hargreaves Lansdown PLC (LON:HL), regarding the latest Consortium offer for HL. Let’s recall that on June 18, 2024, Hargreaves Lansdown confirmed that it has received a further non-binding...
IG US rebrands Forex trading platform to tastyfx
Forex broker IG US announces today the rebranding of its brokerage and platform technology to tastyfx, offering a more aligned experience for their US-based customers and bringing FX trading closer to the tasty family of products. The name is changing but the trading...
CoinShares sells FTX claim – FX News Group
CoinShares International Limited, a European investment company specialising in digital assets, today announced the successful sale of its FTX claim. The agreement, subject to customary closing conditions, will yield a recovery rate of 116% net of broker fees,...
Eurex Clearing participates in second wave of ECB trials on new technologies for settlement
Eurex Clearing is actively participating in the second wave of the Eurosystem’s exploratory work on new technologies for wholesale central bank digital money settlement. These trials aim to explore the potential of distributed ledger technology (DLT). The ECB has now...
USDInd set for rollercoaster ride? :: InvestMacro
US Presidential debate & PCE deflators in focusOver past year PCE deflators triggered moves of 0.3% ↑ or ↓Technical levels – 106.50, 105.60 & 105.20Watch this space because FXTM’s USDInd could be jolted by economic and political forces!It’s all about the Biden...
Exclusive: FlowBank shareholders considering legal action to oppose forced bankruptcy
FNG Exclusive … FNG has learned that the management and shareholders of Swiss neobank/neobroker FlowBank are planning on taking legal action against the country’s financial regulator FINMA, to oppose the forced bankruptcy and liquidation of the company. Two weeks ago,...
ICE to launch clearing service for U.S. Treasury securities and repurchasing agreements
Intercontinental Exchange, Inc. (NYSE:ICE) today announced it will launch a clearing service for all U.S. Treasury securities and repurchasing agreements. ICE operates many of the largest clearing houses globally and brings decades of experience in clearing products...
Alpha Group International joins FTSE 250
Alpha Group International plc (LON:ALPH), a global provider of financial solutions to corporations and institutions, today joined the FTSE 250. Alpha’s inclusion in the FTSE 250 index comes less than eight years after its IPO on AIM in 2017. In that time, the company...
FX industry veteran John Bogue joins ATFX as Director of Institutional Operations
Leading Retail FX and CFDs broker ATFX is continuing an impressive series of recent senior executive hires, announcing the appointment of John Bogue as the company’s new Director of Institutional Operations. With over 30 years of experience in the FX market, John...
Commodity markets are under pressure from the US dollar growth. New geopolitical risks in the Middle East are on the agenda :: InvestMacro
By JustMarketsAt the end of Friday, the Dow Jones (US30) Index added 0.04% (+1.61% for the week), while the S&P 500 (US500) Index fell 0.16% (+0.75% for the week). The NASDAQ Technology Index (US100) closed negative 0.18% (for the week +0.39%). Weakness in chip...
FCA takes action against three individuals from SVS Securities
The UK Financial Conduct Authority (FCA) has decided to ban and fine three individuals who were involved in running SVS Securities Plc, a discretionary fund manager. The three individuals are: Kulvir Virk, David John Alexander Stephen, and Demetrios Christos...
Japan’s FSA issues business improvement orders to MUFG Bank, Mitsubishi UFJ Morgan Stanley Securities
MUFG Bank, Ltd today confirmed an administrative action has been taken by the Financial Services Agency (FSA) of Japan. On June 14, Japan’s Securities and Exchange Surveillance Commission announced that it had recommended that the Prime Minister and the Commissioner...
Mosaic Smart Data, Euroclear launch new initiative to transform data into valuable insights
Mosaic Smart Data, a real-time capital markets data analytics company, has launched a next generation data intelligence service, Smart Markets, powered by financial markets infrastructure provider Euroclear’s fixed income data including government and corporate bonds....
Why Broadcom’s (AVGO) 10-for-1 Stock Split Could Attract a New Wave of Investors :: InvestMacro
By The Ino.com TeamBroadcom Inc. (AVGO), a prominent player in the semiconductor industry, announced a 10-for-1 forward stock split set to take effect on July 15, 2024, taking advantage of a rally in its shares this year. This decision comes on the heels of an...
FX week in review: Hargreaves sale, HYCM license, CMC results, exec moves at Hantec, Scope Prime, LMAX
What new offer emerged this past week for UK online trading and investments house Hargreaves Lansdown? How did the Hargreaves board react, after rejecting a previous offer from the same group of private equity firms just a month ago? Why did Retail FX and CFDs broker...
FX, Stocks, Commodities, Cryptos… Learn How to Know When This Key Price Pattern is Over (Video) :: InvestMacro
By Elliott Wave International“12345-ABC.” That’s a basic Elliott wave pattern in a nutshell. That “12345” is a so-called impulse, and it’s a key price pattern to know, because impulses point in the direction of the larger trend. In this clip from a recent Trader’s...
CoinShares announces FlowBank investment impairment charge of £21.8M
CoinShares International Limited, a European investment company specialising in digital assets, announced that following its previous statement, the Group has decided to fully impair its investment in FlowBank Holdings SA, effective immediately. This has resulted in...
Intercontinental Exchange takes ICE Labs to Court for trademark infringement
Intercontinental Exchange Holdings, Inc. (ICE) is suing ICE Labs Limited for alleged trademark infringement. The relevant complaint, seen by FX News Group, was submitted on June 20, 2024, at the Georgia Northern District Court. ICE has brought this suit for trademark...
MetaQuotes redesigns MT5 interface for Android-based tablet devices
Fintech company MetaQuotes has updated its MetaTrader 5 (MT5) platform for Android-based tablet devices. The platform now comes with completely redesigned interface for the tablet versions. It now features a modern design, already proven on the iOS and web versions of...
FINRA suspends former Ustocktrade Securities rep for approving misleading retail communications
Aurel Davina Anderson has agreed to a fine and a two-month suspension as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). Anderson first became registered with FINRA in January 2016 as a Corporate Securities Representative through an...
Yen headed for intervention “danger zone”? :: InvestMacro
By ForexTimeJPY is worst-performing G10 currency vs. USD in 1H24USDJPY’s 160 price area triggered largest-ever JPY intervention in late-AprilBesides intervention risk, traders watching Friday’s US/Japan inflation dataBloomberg model: 77% chance of 156.69-160.58...
ICE Futures US permanently suspends trader for alleged violations of Exchange rules
ICE Futures U.S. has posted a disciplinary notice against Retaish Kumar. A subcommittee of the Exchange’s Business Conduct Committee (BCC) determined that from January 2023 through February 2023 (the “Relevant Period”), Kumar may have violated Exchange Rules...
DELL and NVDA are jointly building an artificial intelligence factory. SNB cuts rate for the second time in a row :: InvestMacro
By JustMarketsAt the end of yesterday, the Dow Jones (US30) Index was up 0.77%, while the S&P 500 (US500) Index decreased by 0.25%. The NASDAQ Technology Index (US100) closed negative 0.79%. Stocks initially went up on Thursday, with the S&P 500 and Nasdaq 100...
IBA to launch USD SOFR ICE Swap Rate Swap Spreads and EUR €STR ICE Swap Rates as benchmarks
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that ICE Benchmark Administration Limited (IBA) intends to launch USD SOFR ICE Swap Rate Swap Spreads and EUR €STR ICE Swap Rates for use as benchmarks in financial contracts and financial instruments by...
the devaluation scenario remains the main one :: InvestMacro
By RoboForex Analytical DepartmentThe Japanese yen is weakening against the US dollar again. The USD/JPY pair is rising to 158.97.The currency pair is now again close to the levels when the Bank of Japan and the country’s authorities conducted currency interventions....
CySEC warns against numerous unregulated investment firms
The Cyprus Securities and Exchange Commission (CySEC) today issued a warning against numerous unregulated investment firms. The websites mentioned in the warning are: tradeupyourlife.co/es/nvi/v1/lakmw/ & tradingupyourlife.com/es/v8/jdkas/#formbox tbmarket.co...
Italy’s CONSOB orders blocking of access to six illegal investment websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to six new websites that offer financial services illegally. In issuing the orders, the Authority made use of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law...
Vantage expands educational offerings with launch of Vantage Academy Courses
Leveraging the momentum from its successful launch of “The Vantage Markets Podcast“, multi-asset broker Vantage Markets is introducing its latest educational courses, now available on Vantage Academy. The Vantage Academy Courses provide a comprehensive introduction to...
HYCM UK sees Revenues down, but Profit up in 2023
London based Retail FX and CFDs broker HYCM Capital Markets (UK) Limited has reported its financial results for 2023, indicating a slight 2% decrease in Revenues, but an increase in profitability after a basically breakeven year in 2022. On the top line, HYCM UK saw...
CME Globex to launch Balanced Strip Butterfly futures spread
Effective Sunday, July 28 (trade date, Monday July 29), a new exchange-defined Balanced Strip Butterfly futures spread will be made available for trading on CME Globex. The new spread will utilize a new strategy type (BB). The Balanced Strip Butterfly spread will...
Monex Group to sell its entire holding in Boom Securities
The Board of Directors of Japan-based online trading company Monex Group, Inc (TYO:8698) has resolved to transfer all shares of Monex Boom Securities (H.K.) Limited and two other subsidiaries. As a result of this share transfer, Monex Boom Securities (H.K.) Limited...
Nuvei secures final Court approval for going private transaction with Advent
Canadian fintech company Nuvei Corporation (TSX:NVEI) announced today that the Company has obtained a final order from the Superior Court of Québec (Commercial Division) approving the previously-announced plan of arrangement under section 192 of the Canada Business...
UK authorities arrest two individuals running illegal £1bn crypto business
The UK Financial Conduct Authorities (FCA), working with the Metropolitan Police Service, has conducted an operation to arrest two individuals, aged 38 and 44, suspected of running an illegal cryptoasset exchange. More than £1 billion of unregistered cryptoassets are...
PayPal appoints Srini Venkatesan as CTO
PayPal Holdings, Inc. (NASDAQ:PYPL) today announced the appointment of Srini Venkatesan as Chief Technology Officer (CTO). Mr Venkatesan, whose appointment is effective June 24, will be reporting to PayPal President and CEO Alex Chriss. In this role, Mr Venkatesan...
Tradeweb President Thomas Pluta to leave company
Tradeweb Markets Inc. (NASDAQ:TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced organizational changes as it works to optimize its operations for continued growth. Tradeweb announced that...
TradingView adds data from Crypto.com
Continuing to improve crypto market accessibility, TradingView welcomes a new valued addition to TradingView’s data coverage, Crypto.com. Established in 2016 in Hong Kong, Crypto.com is renowned for its commitment to regulatory compliance, security, and privacy,...
PBoC left interest rates unchanged. New Zealand has left the recession territory :: InvestMacro
By JustMarketsAt the end of the day yesterday, the Dow Jones Index (US30) gained 0.15%, and the S&P 500 Index (US500) gained 0.25%. The NASDAQ Technology Index (US100) closed positive 0.17%. Volatility on the indices was extremely low due to the bank holiday...
DTCC adds four members to its BoD
DTCC today announced that four new Board Members have joined its Board of Directors. The new Directors are Brian Gallagher of JPMorgan Chase, Christopher Gelvin of UBS, Jon Herrick of the New York Stock Exchange and Igor Modlin of Goldman Sachs. Brian Gallagher serves...
what will the Central Bank decide? :: InvestMacro
By RoboForex Analytical DepartmentThe GBP/USD pair is balancing around 1.2709 on Thursday, after the British pound rose in price against the US dollar for three consecutive days and finally paused.The Bank of England will convene for its regular meeting today, at...
LCC Trans-Sending Limited enters special administration
On 18 June 2024, LCC Trans-Sending Limited entered special administration under the Payment and Electronic Money Institution Insolvency Regulations 2021. Payment services firm LCC entered special administration on 18 June 2024 and has now ceased trading. Christine...
Exclusive: Reactive Markets adds Integral/360T alum Silvia Wong to head APAC BizDev
FNG Exclusive… FNG has learned that London based institutional multi-asset trading network operator Reactive Markets has hired experienced FX industry executive Silvia Wong, as the company’s new Head of Business Development APAC. Silvia will be based out of Singapore...
FCA reviewing trading apps over gaming concerns
UK financial regulator The FCA has announced that it is keeping financial trading apps “under review” over gaming concerns, following an online experiment it conducted with over 9,000 consumers. The FCA found in its experiment that digital engagement practices (DEPs)...
Telegram chat group host gets convicted in HK for providing investment advice without licence
The Eastern Magistrates’ Court today convicted Mr Wong Ming Chung for providing investment advice on a subscription-based chat group on Telegram he hosted without a licence in a prosecution brought by the Securities and Futures Commission (SFC) of Hong Kong. Wong...
Hantec Markets hires INFINOX exec Raj Naik to head Marketing
Retail FX and CFDs broker Hantec Markets has announced the appointment of seasoned industry expert Rajan Naik, as its new Global Head of Marketing. He will be based in Dubai for his new position at Hantec Markets. In his new role, Raj will be responsible for shaping...
FCA urges victims to claim compensation for Ian Hudson’s illegal activities
The UK Financial Conduct Authority (FCA) urges victims to come forward by 3 July 2024 after the court ordered compensation for victims of fraudulent trading and regulated activities carried on without authorisation. Following a hearing before His Honour Judge...
The escalation of conflicts in different regions of the world supports oil prices :: InvestMacro
By JustMarketsAt the end of yesterday, the Dow Jones Index (US30) gained 0.15%, while the S&P 500 Index (US500) rose 0.25% to an all-time high. The NASDAQ Technology Index (US100) closed positive 0.03%. Strengthening chipmakers helped boost the overall market on...
Gold gains, but lags 5 other FXTM commodities :: InvestMacro
By ForexTimeGold edges up 0.2% today; still stuck in sideways range since AprilBullion’s year-to-date gains now at 13.1%Bloomberg model: Gold may be range-bound for another monthFed rate cuts, PBOC buying needed to trigger next leg up5 other FXTM commodities...
Euronext launches MyEuronext Portal for debt listing agents and issuers
Pan-European market infrastructure Euronext today announced the launch of the MyEuronext Portal. This is Euronext’s new harmonised digital solution for debt listing agents and issuers. It is designed to streamline the submission of Final Terms and Pricing Supplements...
Quantum computers are like kaleidoscopes – why unusual metaphors help illustrate science and technology :: InvestMacro
Quantum computing is like Forrest Gump’s box of chocolates: You never know what you’re gonna get. Quantum phenomena – the behavior of matter and energy at the atomic and subatomic levels – are not definite, one thing or another. They are opaque clouds of possibility...
Hargreaves Lansdown shares rise 5% after board decides “to engage” increased offer
Shares of UK online brokerage firm Hargreaves Lansdown plc (LON:HL) traded up sharply on Tuesday, after an increased offer to buy the company emerged ahead of a Wednesday deadline. The original offer for Hargreaves of 985p per share made in late May by a consortium of...
The New Zealand dollar faces growth challenges :: InvestMacro
By RoboForex Analytical DepartmentThe NZD/USD pair declined to 0.6135 on Wednesday, despite the New Zealand dollar performing much better in the previous session. It rose in response to the fall of the US dollar, which was triggered by weaker-than-expected US retail...
CME Group fines trader for alleged violations of wash trades prohibition
International derivatives marketplace CME Group has published a notice of disciplinary action against Ryan Dofflemeyer. Pursuant to an offer of settlement in which Ryan Dofflemeyer neither admitted nor denied the rule violation or factual findings upon which the...
Exclusive: Purple Trading co-founder David Varga on prop firm Fintokei’s EU expansion
FNG Exclusive Interview… Retail FX and CFDs broker Purple Trading has been working with prop trading firms for a long time via its Seychelles based entity, and a couple years ago spun out its own prop firm brand, Fintokei, which has been focused mainly on the Japanese...
ICE Midland WTI crude futures contract marks record open interest
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that its ICE Midland WTI (ICE:HOU) crude futures contract hit record open interest of 158,208 contracts on June 13, 2024, after market participants last week added over 100,000 lots of HOU to their books. ICE...
Pepperstone unveils 24-hour CFDs trading on US Shares
Leading Forex and CFDs brokerage Pepperstone has announce that – in partnership with cTrader, MetaTrader and TradingView – it has launched a 24-hour offering for CFDs trading on US shares. This innovative service expansion allows traders to react to market-moving news...
Avanza integrates TradingView Advanced Charts
Today, TradingView announced its collaboration with Swedish bank and stockbroker Avanza which has integrated TradingView Advanced Charts into its interface. Avanza is the largest stockbroker and niche bank in Sweden. As of the end of Q1 2024, it boasts a 7.5% share of...
Sumsub teams up with 21 Analytics to add Self-Hosted Wallet Verification to Crypto Travel Rule solution
Sumsub, a global full-cycle verification platform, today announced a new partnership with 21 Analytics, a Swiss-based Travel Rule compliance software provider. According to FATF recommendations for Travel Rule compliance, virtual asset service providers (VASPs) in...
SEC charges former Investor Relations employee of Boxabl over fraudulent investment offerings
The Securities and Exchange Commission (SEC) has announced charges against Yanni Tassev for fraudulently offering securities purportedly issued by his then employer. According to the SEC’s complaint, between approximately April 2022 and January 2023, and while Tassev...
FSCS announces PwC as its new partner for core claims service
The UK Financial Services Compensation Scheme (FSCS) has awarded the contract for its core claims service to PwC. Between now and the current claims handling contracts ending on 31 March 2025, FSCS is working closely with PwC and its current claims partners to ensure...
FINMA concludes antitrust control procedure for merger of UBS and Credit Suisse
Swiss financial markets regulator FINMA is concluding the antitrust control procedure for the merger of UBS and Credit Suisse without imposing any conditions and obligations. Following an extensive review, it has concluded that the merger of UBS and Credit Suisse will...
Forex Factory launches dedicated economic event pages
Popular FX forum and financial news website Forex Factory continues to expand the capabilities of its calendar. Today, Forex Factory announced the launch of dedicated economic event pages on Forex Factory and its sister sites. Since 2005, most of the financial...
Nuvei secures shareholder approval for going private with Advent
Canadian fintech company Nuvei Corporation (TSX:NVEI) today secured shareholders’ approval for the plan of arrangement to be taken private by Advent International, L.P. The purchaser will acquire all of the issued and outstanding subordinate voting shares and multiple...
René van Vlerken to become CEO of Euronext Amsterdam
Euronext today announced that the Supervisory Board of Euronext N.V. has nominated René van Vlerken as CEO of Euronext Amsterdam and member of the Managing Board of Euronext N.V. as per 1 September 2024. The announcement follows Simone Huis in ‘t Veld’s decision to...
Exclusive: Currenex exec Michael Porzio moves to Bloomberg for FX Electronic Solution Sales
FNG Exclusive… FNG has learned that financial information giant Bloomberg has hired New York based executive Michael Porzio, for FX Electronic Trading Solution Sales. Michael Porzio joins Bloomberg from State Street’s Currenex eFX ECN unit, where he worked in Sales...
CySEC withdraws license of Forex broker HYCM
The Cyprus Securities and Exchange Commission (CySEC) today announced the withdrawal of the Cyprus investment firm (CIF) authorisation of HYCM (Europe) Ltd. CySEC made the decision at its meeting held on June 10, 2024. The withdrawal is in line with section 8(1)(a) of...
The RBA kept interest rates on hold and remained hawkish. Oil rises as global demand outlook improves :: InvestMacro
By JustMarketsAt the end of yesterday, the Dow Jones Index (US30) added 0.49%, while the S&P 500 Index (US500) was up 0.77%. The NASDAQ Technology Index (US100) closed positive 0.95%. On Monday, the S&P 500 Index (US500) closed at a record high, ignoring...
Hargreaves Lansdown gets revised acquisition offer from CVC, Nordic Capital, Platinum Ivy
The independent Board of Hargreaves Lansdown plc (LON:HL) confirms that it has received a further non-binding proposal from a consortium comprising CVC Advisers Limited, Nordic Capital XI Delta, SCSP (acting through its general partner Nordic Capital XI Delta GP...
reliance on stock market demand has worked :: InvestMacro
By RoboForex Analytical DepartmentThe commodity market was adjusted moderately on Tuesday morning after the price of Brent crude oil rose by 2% the day before. A barrel of the North Sea variety is at about 84 USD.The main support factor currently is the improving...
FCA cancels Payshot Limited’s registration as small payment institution
The UK Financial Conduct Authority (FCA) has decided to cancel the small payment institution (SPI) registration of Keyvolute Limited t/a Payshot Limited. The decision is made pursuant to regulations 10(1)(a) and (h) (as applied by Regulation 15) of the PSRs. Although...
HKEX plans to implement Severe Weather Trading from Sep 23, 2024
Hong Kong Exchanges and Clearing Limited (HKEX) today announced the finalisation of the operational model and arrangements to allow Hong Kong’s securities and derivatives markets to remain open during severe weather conditions. HKEX plans to implement Severe Weather...
CMC Markets Connect launches trading partnership with neobank Revolut
UK online trading house CMC Markets Plc (LON:CMCX) has announced a new fintech partnership with global neobank, Revolut. The partnership will see the two companies connecting via multiple APIs, with the user interface delivered directly via the Revolut app whilst...
Euronet lowers withdrawal limit in Poland to PLN 200 per transaction
On June 18, Euronet is conducting a one-day protest aimed at drawing the attention of consumers, decision-makers and business partners to the current situation of ATM operators in Poland. Today, Euronet are lowering the domestic cash withdrawal limit to PLN 200 per...
Bank of Cyprus extends Integral partnership for FX pricing and risk management
Currency trading technology provider Integral Development Corp has announced an expansion of its partnership with Bank of Cyprus, to offer real-time pricing and risk management capabilities as part of the bank’s online banking platform. In choosing to implement...
CME Group registers FX Futures and FX Link volume records
International derivatives marketplace CME Group today announced its FX futures reached an all-time single-day volume record of 3.26 million contracts (equivalent to $314B notional) on June 12. The previous record of 3.15 million contracts ($296B notional) was set on...
Cboe Global Markets to introduce new U.S. Treasury Market Volatility Index
Cboe Global Markets, Inc. , a derivatives and securities exchange network, today announced plans to launch the Cboe 20+ Year Treasury Bond ETF Volatility Basis Point Index (VIXTLT Index). Using an adaptation of Cboe’s proprietary VIX® Index methodology, the VIXTLT...
UK100 index set for 1,000 pip move? :: InvestMacro
By ForexTime This week set to be UK100’s 2nd most-volatile period so far in 2024UK100 may even see a 1000-pip intraday moveTraders brace for BOE decision, UK economic dataUK100 still holding on to QTD gains, but 3.8% lower from ATHWall Street predicts 15% future gains...
Commodities house Trafigura hit with $55 million CFTC fine
U.S. derivatives markets regulator Commodity Futures Trading Commission (CFTC) has announced that it has issued an order simultaneously filing and settling charges against Trafigura Trading LLC, a global commodities merchant with its principal place of business in...
Central banks face threats to their independence – and that isn’t good news for sound economic stewardship (or battling inflation) :: InvestMacro
By Cristina Bodea, Michigan State University and Ana Carolina Garriga, University of Essex Nearly every country in the world has a central bank – a public institution that manages a country’s currency and its monetary policy. And these banks have an extraordinary...
Euronext completes share repurchase as part of its long-term incentive plan
Pan-European market infrastructure Euronext today announced that it has completed the share repurchase program as part of its long-term incentive plan. The company repurchased 100,000 of its own shares at an average price of €93.18. This repurchase programme was...
Oil prices continue to be supported by voluntary cuts by OPEC countries. Hong Kong index fell to a 6-week low :: InvestMacro
By JustMarketsAt Friday’s close, the Dow Jones (US30) Index was down 0.15% (for the week -0.50%), while the S&P 500 (US500) Index decreased by 0.04% (for the week +1.69%). The NASDAQ Technology Index (US100) closed positive 0.12% (for the week +3.54%). Hawkish...
Exclusive: Blockchain expert Luke Dorney joins LMAX as Head of Custody
FNG Exclusive… FNG has learned that institutional FX and digital assets broker LMAX has hired Luke Dorney, as the company’s new Head of Custody. Luke Dorney spent the past four years in the institutional digital assets space, most recently serving as General Manager...
Expert Says Lithium-Brine Stock on Course to New Highs :: InvestMacro
Source: Clive Maund (6/17/24) Technical Analyst Clive Maund shares why he believes American Salars Lithium Inc. (USLI:CSE) is a Strong Buy, including the recent news that it acquired a new project.American Salars Lithium Inc. (USLI:CSE) is a lithium exploration...
Italy’s CONSOB orders blocking of LLCapitalFX and RussellGroupFX websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to six new websites that offer financial services/financial products illegally. Five of these are illegal financial intermediation websites and one website offers financial products...
The New Zealand dollar is falling :: InvestMacro
By RoboForex Analytical DepartmentLike other major currencies, the New Zealand dollar is under pressure from the strong US dollar. This development comes after the Federal Reserve’s updated forecasts last week. Stock market expectations point to only one interest rate...
Marex to offer client clearing services for interest rate swaps on LCH’s SwapClear service
Global financial services platform Marex will offer client clearing of interest rate swaps. It will become a member of LCH’s SwapClear service, one of the largest interest rate swaps clearing houses in the world, on July 15, 2024, subject to final approval. As the...
Interactive Brokers introduces new features and services to help advisors on its platform
Electronic trading major Interactive Brokers recently introduced new features and services to help advisors on its platform. Message Center enhancements for Registered Investment Advisors, Family Group Advisors and Hedge Fund Advisors: New features include a...
HK regulator bans former rep of Primas Asset Management Limited for 12 months
The Securities and Futures Commission (SFC) of Hong Kong has banned Ha Po Kwan, a former licensed representative of Primas Asset Management Limited (PAML), from re-entering the industry for 12 months The ban is effective from 14 June 2024 to 13 June 2025. The...
iSAM Securities’ liquidity bridge APEX integrates TRAction reporting platform
Trade reporting solutions provider TRAction and electronic market maker and connectivity provider iSAM Securities have announced a new integration between TRAction’s reporting platform and iSAM Securities’ liquidity bridge, APEX. In response to the regulatory emphasis...
ATFX integrates PriceOn from TraderTools to enhance global group trading efficiency
Leading Retail FX and CFDs broker ATFX has announced a significant enhancement to its global trading infrastructure, with the integration of PriceOn from TraderTools. ATFX said it is set to revolutionize how the firm manages trading flows from current institutional...
IMC joins Cboe Europe Derivatives as direct trading participant
Cboe Europe Derivatives (CEDX) today announces that IMC has become a new direct trading participant, gaining access to the exchange’s range of pan-European index derivatives and equity options. Iouri Saroukhanov, Head of European Derivatives at Cboe Europe, said: “We...
Offshore broker Scope Prime adds ACY/IC Markets alum Andrew Taylor as APAC head
Scope Prime, the offshore institutional liquidity division of Rostro Financial Group, has announced the appointment of FX and CFDs industry veteran Andrew Taylor to run the company’s APAC division. With over 30 years of experience in the sector, Andrew will be looking...
New Zealand Dollar, Palladium 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 June 11th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Exclusive: BGC exec Richard Brunt joins TraditionData as CRO
FNG Exclusive… FNG has learned that longtime BGC Partners executive Richard Brunt has joined TraditionData, as the company’s new Chief Revenue Officer (CRO). He will be based in Singapore for his new role with TraditionData. Richard Brunt spent the past 11 years at...
FX week in review: FlowBank shut, Prezco launch, broker results, CMO moves
The top story of this past week by any measure was undoubtably the bankruptcy and closure of Swiss online banking and trading firm FlowBank, which rippled throughout the FX, CFDs, and crypto world in several ways. Other than what FlowBank’s clients and debtors...
CME Group fines BlackEdge Capital for alleged violations of Exchange rules
International derivatives marketplace CME Group has posted a notice of disciplinary action against BlackEdge Capital LLC. Pursuant to an offer of settlement in which BlackEdge Capital LLC neither admitted nor denied the rule violations or factual findings upon which...
LCC Trans-Sending Limited agrees not to take on new customers, funds or agents
Payment services firm LCC Trans-Sending Limited (LCC) has agreed that it will not onboard new customers, following action from the UK Financial Conduct Authority (FCA). On 10 June 2024, LCC closed to new business and stopped accepting funds from customers. To make...
The Japanese yen fell to a six-week low after the Bank of Japan ended its meeting :: InvestMacro
By RoboForex Analytical DepartmentThe Japanese yen exchange rate paired with the US dollar looks unimpressive by the end of this week. The USD/JPY pair rose to almost 158.00 immediately after the end of the June meeting of the Bank of Japan, which left the interest...
Cyprus court upholds €20K fine against former CommexFX CFO Vladimiros Germanos
Cyprus financial regulator CySEC has announced that the country’s Administrative Court has upheld the decision of CySEC to impose an administrative fine on Vladimiros Germanos, dating back to his time as the Chief Financial Officer (CFO) of now-defunct Retail FX and...
Clients of FCI Markets encouraged to submit claims to FSCS
The UK Financial Services Compensation Scheme (FSCS) has provided an update to clients of Foreign Currency Innovations Ltd, trading as FCI Markets. The brokerage has been authorised by FCA since July 2014. FCI offered a range of brokerage services including contracts...
SEC charges Twenty Acre Capital for misleading ads
The Securities and Exchange Commission (SEC) today announced charges against registered investment adviser Twenty Acre Capital LP for misleading, and not fair and balanced, performance advertising. According to the SEC’s order, from at least November 2021 through...
Terraform, Do Kwon to pay $4.5bn following fraud verdict
The Securities and Exchange Commission (SEC) has announced that Terraform Labs PTE, Ltd. and Do Kwon agreed to pay more than $4.5 billion following a unanimous jury verdict holding them liable for orchestrating a years-long fraud involving crypto asset securities that...
CME Group, CF Benchmarks to launch additional cryptocurrency pricing products
Effective Monday, June 17, shortly after 10 a.m. London time, pending completion of all regulatory review periods, CME Group and CF Benchmarks will launch additional cryptocurrency pricing products designed to provide clients with transparent, robust, reliable...
Australian regulator cancels AFS licence of Sug Ou Jeung
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services (AFS) licence of Sydney-based financial services provider Sug Ou Jeung. The licence cancellation took effect on 3 June 2024. The licence was cancelled after...
Interactive Brokers enhances Student Trading Lab
Electronic trading major Interactive Brokers continues to add features to the Student Trading Lab. The Student Trading Lab is a free online resource for college and high school educators looking to blend finance, blockchain and/or computer science classwork with...
Exclusive: Tickmill names Nicholas Baumer CCO, hiring new CMO
FNG Exclusive… FNG has learned that leading Retail FX and CFDs broker Tickmill is making some senior management rank changes, beginning with the promotion of Nicholas Baumer to the position of Chief Commercial Officer (CCO). Nicholas Baumer joined Tickmill in Cyprus...
FSCS confirms nine firms declared in default in April and May 2024
More consumers could be in line for compensation as the UK Financial Services Compensation Scheme (FSCS) confirmed nine firms were declared in default in April and May 2024. These firms have gone out of business and are unable to meet any claims themselves. Customers...
FCA issues warning against clone of Admiral Markets
The UK Financial Conduct Authority (FCA) has issued a warning against a clone firm abusing the details of Forex and CFD broker Admiral Markets. Clone firms are entities set up by fraudsters. They copy the details (name, logo, address, etc) of firms authorised by...
Exclusive: FlowBank halts onboarding clients after deemed bankrupt by FINMA
FNG has learned that Swiss online neobank / neobroker FlowBank is no longer processing any new client applications, and has halted client onboarding, after Swiss financial regulator FINMA’s decision to begin bankruptcy proceedings against FlowBank, a story which FNG...
Policymakers now expect only one rate cut in 2024 :: InvestMacro
By Christopher Decker, University of Nebraska Omaha It was a double-whammy Wednesday for economic-data enthusiasts.During the morning of June 12, 2024, the Bureau of Labor Statistics published its latest inflation figures. The news was relatively good, showing that...
Neeraj Kapur takes over role of CAB Payments CEO
CAB Payments confirmed today that Neeraj Kapur has received the required regulatory approval and will now take over the role of Group Chief Executive Officer (CEO), Executive Director and member of the Board from Bhairav Trivedi. Neeraj and Bhairav have been working...
CFTC permanently revokes CTA and AP registrations of Ted Brent Alexander
The Commodity Futures Trading Commission (CFTC) today issued an opinion and order revoking the registrations of Ted Brent Alexander of Jackson, Mississippi. The CFTC action is based on Alexander’s guilty plea to conspiracy to commit wire fraud in a federal criminal...
The US Fed has planned only one rate cut this year and four cuts in 2025 :: InvestMacro
By JustMarketsAt Wednesday’s close, the Dow Jones Index (US30) decreased by 0.09%, while the S&P 500 Index (US500) added 0.85%. The NASDAQ Technology Index (US100) closed positive 1.53%. Meanwhile, the S&P 500 (US500) and NASDAQ (US100) indices made new...
FCA cancels Global 4X Limited’s authorisation as API
The UK Financial Conduct Authority (FCA) today cancelled the authorisation granted to Global 4X Limited as an authorised payment institution (API). The regulator has concluded that Global 4X Limited is no longer meeting the conditions for authorisation as an API set...
3 cryptos met expectations, with one surprise winner :: InvestMacro
By ForexTimeCryptos soared post-CPI, tumbled after FedAvalanch rose as much as 6.2%, up 5.1% for the daySolana rose as much as 6.3%, up 3.9% for the dayChainlink rose as much as 6.9%, up 5.8% for the dayDogecoin rose as much as 7.5%, up 5.5% for the day It was a wild...
Broadridge’s LTX rolls out GenAI-powered list trading functionality
Further building on its GenAI leadership in the fixed income market, LTX, an AI-powered corporate bond trading platform backed by global Fintech leader Broadridge Financial Solutions Inc. (NYSE:BR), today announced GenAI-powered List Trading functionality. The new...
US Dollar declines as Fed signals potential rate cut and inflation eases :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair is holding steady around 1.0805 on Thursday, following a surge in volatility the previous evening. The Federal Reserve concluded its meeting with a neutral stance, maintaining the interest rate at 5.25% per annum as...
CoinShares says exposure to FlowBank as customer is immaterial, with deposits at circa £100k
European investment company specialising in digital assets CoinShares International Limited announces that it has today received information stating that the Swiss Financial Market Supervisory Authority (FINMA) has opened bankruptcy proceedings against FlowBank SA...
Tradeweb introduces enhanced RFQ functionality for credit markets
Tradeweb Markets Inc. (NASDAQ:TW), a global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has launched an enhanced functionality for request-for-quote (RFQ) trading in U.S. Credit markets. Known as RFQ Edge, the...
Visa relaunches SavingsEdge – FX News Group
Visa Inc. (NYSE:V) today announced the relaunch of Visa SavingsEdge, aimed at delivering greater value to small businesses (SMBs) across the United States and Canada. The latest enhancements introduce a more dynamic platform with new offerings and features designed to...
Laura Bayley, Head of Clearing Services, SIX, joins SWIFT Board
Laura Bayley, Head of Clearing Services, SIX, has been appointed today as new SWIFT Board Member. Laura Bayley is originally a lawyer and has extensive experience in regulatory topics and projects related to financial market infrastructures. She has worked at SIX...
R.J. O’Brien Limited gets a slap on the wrist for LME rule violations
LME has found R.J. O’Brien Limited (“RJO”) to be in breach of LME Notice 24/137 and has imposed an automatic penalty charge of £5,000. The LME Notice 24/137 sets out automatic penalty charges for any Member who fails to submit Commodity Position Report (CPR) files...
HKEX partners with SZSE on development of Integrated Fund Platform
Hong Kong Exchanges and Clearing Limited (HKEX) has signed a cooperation agreement with a unit of Shenzhen Stock Exchange (SZSE), to support the development of HKEX’s Integrated Fund Platform (IFP). This cooperation will see Shenzhen Securities Communication Co. Ltd...
Gill Barr plans to retire from PayPoint Board
PayPoint plc (LON:PAY) today announces that Gill Barr has confirmed that she plans to retire from the Board and will not stand for re-election at the Company’s 2024 Annual General Meeting (‘AGM’) to be held on 1 August 2024 having completed nine years’ service on the...
OFX to provide the ATP Tour global payment solutions and FX transactions
Australia based payment solutions provider OFX (ASX:OFX) has announced a new global partnership with tennis’ ATP Tour. The collaboration will unlock significant enhancements to financial services across the ATP Tour. OFX will provide a range of global payment...
Swiss regulator opens bankruptcy proceedings against FlowBank SA
The Swiss Financial Market Supervisory Authority (FINMA) opened bankruptcy proceedings against FlowBank SA on 13 June 2024. FINMA established in the last week that FlowBank SA no longer has sufficient capital for its operations as a bank. The minimum capital...
Braces for mid-week double whammy :: InvestMacro
US500 ↑ 13% since start of 2024Index could be rocked by US CPI/Fed comboOver past year Fed meeting triggered moves of ↑ 2% & ↓ 0.8%Prices bullish on D1 but RSI overboughtIt would be a crime to overlook FXTM’s US500 on such a big day for global markets.After...
eToro partners with X to provide financial education content
Trading and investing platform eToro today announces a partnership with X to publish a series of financial education content on X, through livestream events, video on demand and audio Spaces. eToro and X are joining forces to bring accurate and accessible investment...
China’s consumer inflation is on the rise. Today, the focus is on the FOMC meeting :: InvestMacro
By JustMarketsAt Tuesday’s close, the Dow Jones Index (US30) decreased by 0.31%, while the S&P 500 Index (US500) added 0.27%. The NASDAQ Technology Index (US100) closed positive 0.88%. Weakness in bank stocks weighed on the Dow Jones Industrials after Pimco said...
Interactive Brokers launches trading on Cboe Europe Derivatives
Electronic trading major Interactive Brokers (NASDAQ:IBKR) today announced the addition of European stock options and European index futures and options through Cboe Europe Derivatives (CEDX). This addition allows Interactive Brokers’ clients another means to trade...
Euro hits monthly low amid political instability in France :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair declined to 1.0740 on Wednesday, nearing the month’s low. This downward movement is primarily driven by the political instability in France following the significant developments in the European Parliament...
TradeStation Securities integrates with Option Circle
TradeStation Securities, Inc., a self-clearing online brokerage firm for trading stocks, options, futures, and futures options, announced its integration with Option Circle. TradeStation Securities’ integration with the Option Circle platform provides Option Circle...
LSE investigates intermittent performance issue affecting its website
London Stock Exchange (LSE) has confirmed there are issues affecting its website. The problems first occurred around 13:00 (London time), with the website www.londonstockexchange.com either not opening, or showing a “Page Not Found” message. About 30 min later, the...
DTCC’s FICC launches CCLF Public Calculator
DTCC today announced the launch of FICC’s interactive, public-facing Capped Contingency Liquidity Facility (CCLF) Calculator. DTCC explains that CCLF is a critical risk management tool used for managing DTCC’s Fixed Income Clearing Corporation’s (FICC) liquidity risk...
New database features 250 AI tools that can enhance social science research :: InvestMacro
By Megan Stubbs-Richardson, Mississippi State University; Devon Brenner, Mississippi State University; Lauren Etheredge, Mississippi State University, and MacKenzie Paul, Baylor University AI – or artificial intelligence – is often used as a way to summarize data and...
Citi, Emirates NBD partner to launch Citi’s 24/7 USD Clearing service in the Middle East
Today, Citi (NYSE:C) and Emirates NBD announced a collaboration to launch Citi’s first-of-its-kind 24/7 USD Clearing service in the Middle East. This makes Emirates NBD the first bank to use Citi’s 24/7 USD Clearing service to make cross-border USD payments available...
Dukascopy expands lineup of CFDs with addition of 40 Italian stocks
Dukascopy today announced a significant expansion of its CFD instrument offerings. Now, Dukascopy clients can venture into the dynamic world of Italian stocks and the Italy 40 Index. Italian equities have long been a cornerstone of the European financial landscape,...
Interactive Brokers makes new Exchanges and products available on its platform
Electronic trading major Interactive Brokers has made new Exchanges and products available on its platform. CEDX is Cboe’s pan-European derivatives exchange, offering trading in index derivatives and single-stock options. Traders can make use of greater precision with...
Schroders implements Broadridge’s Consumer Duty solution for distributor feedback
Fintech company Broadridge Financial Solutions, Inc. (NYSE:BR) today announced a new agreement with global investment management firm, Schroders, to better protect consumers and prioritize their needs under the U.K. Financial Conduct Authority’s (FCA) Consumer Duty...
SEC charges Marc Henry Menard in connection with $1.65M fraudulent investment scheme
The Securities and Exchange Commission (SEC) filed charges against Marc Henry Menard in the Eastern District of New York for allegedly defrauding more than fifty individuals, many from the Haitian-American community, of at least $1.65 million. According to the SEC’s...
DXtrade adds TradingView advanced charting as a widget
Devexperts, the developers of DXtrade, an out-of-the-box trading platform with an open API, has announced their third integration with TradingView. Last year DXtrade integrated with TradingView to offer brokers one-platform trade execution, better user experience, and...
Garanti BBVA Digital Assets now offers crypto wallet service on its mobile platform
Garanti BBVA Digital Assets, the first initiative of Garanti BBVA Financial Technologies Inc., is now offering crypto wallet service on its mobile platform. This marks the first time in Turkey that a bank subsidiary has developed and implemented a crypto currencies...
Nuvei partners with ViaPlus – FX News Group
ViaPlus, a subsidiary of VINCI Highways, and Canadian fintech company Nuvei Corporation (TSX:NVEI) today announce a partnership to deliver an enhanced payment experience for consumers when purchasing mobility services. The partnership will integrate ViaPlus’ mobility...
DTCC, Cboe Clear Europe to launch new clearing workflow for OTC cash equities trades
Post-trade market infrastructure DTCC today announced it is working with Cboe Clear Europe to deliver an enhanced post-trade workflow for over-the-counter (OTC) cash equities trades to help increase settlement efficiencies across UK and European markets. DTCC will...
Exclusive: CPT Markets hires Vantage exec Nicholas Chantzaras as Head of Sales UK
FNG Exclusive… FNG has learned that London/Dubai based Retail FX and CFDs broker CPT Markets has continued a recent hiring spree, adding experienced industry executive Nicholas Chantzaras as Head of Sales for its CPT Markets UK unit. Nicholas Chantzaras joins CPT...
SEC charges Joonko founder in connection with $21M fraudulent scheme
The Securities and Exchange Commission (SEC) today charged Ilit Raz, CEO and founder of the now-shuttered artificial intelligence recruitment startup Joonko, with defrauding investors of at least $21 million by making false and misleading statements about the quantity...
Which cryptos could see biggest moves after US CPI/Fed meeting? :: InvestMacro
By ForexTimeBitcoin, Ethereum falling over 3% each todayMarkets angsty ahead of Wednesday’s US CPI, Fed decisionAvalanch has seen biggest up/down moves post-CPIDogecoin, Solana historically more reactive to Fed meetingsTraders could profit from big crypto volatility...
Cboe expands collaboration with FTSE Russell to propel innovation in digital asset derivatives
Derivatives and securities exchange network Cboe Global Markets, Inc. today announced it is expanding its collaboration with FTSE Russell, a leading global index provider, to drive product innovation in the digital assets space. This new initiative builds on Cboe and...
FINRA fines ACS Execution Services for alleged violations of Regulation SHO
ACS Execution Services LLC has agreed to pay a fine of $250,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). ACS provides execution services to broker-dealers and executes orders on an agency, net trade, or riskless principal...
Brent Crude Oil stabilises around 81.50 USD amid demand optimism :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil is holding steady at 81.50 USD per barrel on Tuesday, following a significant surge of over 2.5% the previous day. The price increase was driven by optimistic market expectations about fuel demand this coming summer...
CySEC launches its regulatory sandbox
The Cyprus Securities and Exchange Commission (CySEC) has successfully launched its Regulatory Sandbox during an online event held on June 11, 2024. This initiative marks a significant milestone in the advancement of financial, regulatory, and supervisory technologies...
TradingView expands its partnership with FYERS
TradingView today announced an upgrade for its partnership with FYERS by adding options trading capabilities within its broker integration. Launched nine years ago in Bengaluru, India’s Silicon Valley, today, Fyers serves over 500,000 customers and has a daily...
UBS completes transition to single US intermediate holding company
UBS Group AG has completed the transition to a single U.S. intermediate holding company on 7 June 2024, as planned and previously communicated. This marks a further important milestone on UBS’s integration journey. As UBS continues to execute the integration of Credit...
The warming ocean is leaving coastal economies in hot water :: InvestMacro
By Charles Colgan, Middlebury Institute of International Studies Ocean-related tourism and recreation supports more than 320,000 jobs and US$13.5 billion in goods and services in Florida. But a swim in the ocean became much less attractive in the summer of 2023, when...
iSAM Securities names James Wale as Head of Leveraged Sales EMEA
London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced the promotion of James Wale to the position of Head of Leveraged Sales EMEA. With over 15 years of experience in institutional sales and relationship management within...
Roz Smith appointed as COO of Broadridge International
Fintech company Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the appointment of Roz Smith as Chief Operating Officer of Broadridge International. Smith, who is based in London, will work closely with Mike Sleightholme, President of Broadridge...
IG Securities to discontinue trading in crude palm oil assets
IG Securities, the Japanese subsidiary of electronic trading major IG Group, will discontinue the offering of trading instruments related to crude palm oil. The affected instruments are crude palm oil CFDs and crude palm oil knockout options. The broker explains that...
B2Prime, cTrader announce partnership – FX News Group
B2Prime, a multi-asset and multi-market Prime of Prime liquidity provider, and trading platform provider Spotware have announced a partnership. The cTrader platform by Spotware is renowned for its advanced features that cater to professional traders: Clear UI →...
Traders further lowered their expectations for a Fed interest rate cut this year :: InvestMacro
By JustMarketsAt Tuesday’s close, the Dow Jones Index (US30) decreased by 1.06% and fell to a 3-week low. The S&P 500 index (US500) was down 1.06%. The NASDAQ Technology Index (US100) closed negative 0.58%. Stocks declined amid rising bond yields driven by hawkish...
Komainu adds longtime Citi exec Tony Larkin as CFO
Komainu, a regulated custody provider for the digital assets industry operating as a joint venture between Nomura, CoinShares, and Ledger, has announced the appointment of Tony Larkin as Chief Financial Officer (CFO). The appointment comes as Komainu expands its...
EURGBP bears ready pounce? :: InvestMacro
Euro ↓ on political jittersEURGBP hits 22-month low UK Jobs report & EU data in focusTechnical level – 0.8500Bloomberg FX model – 80% – EURGBP – (0.84065 – 0.85327)Euro bears are back in action thanks to political uncertainty linked to the European Parliament...
Tradeweb, FTSE Russell launch Tradeweb FTSE U.S. Treasury Closing Prices
Tradeweb and FTSE Russell today announced that they have launched Tradeweb FTSE U.S. Treasury Closing Prices, extending their combined offering of next generation fixed income pricing, which can be used in index trading products. Similar to the existing Tradeweb FTSE...
politicians to blame :: InvestMacro
By RoboForex Analytical DepartmentEUR/USD plummeted below 1.0800 and is currently hovering around 1.0796 on Monday morning. This development came amid heightened political tensions in France. President Emmanuel Macron called for early elections on Sunday in the wake...
MoneyGram appoints Gary W. Ferrera as CFO
MoneyGram International, Inc., global financial technology company, today announced the appointment of Gary W. Ferrera as Chief Financial Officer (CFO). In this role, Ferrera will lead all aspects of finance, accounting, tax and treasury, in support of the continued...
OCC adds Citadel Securities CTO Josh Woods to Board of Directors
Equity derivatives clearing organization OCC today announced the appointment of Josh Woods, Citadel Securities’ Chief Technology Officer, to its Board of Directors. Woods has nearly 20 years of experience in finance and technology. “Josh has a deep knowledge and...
Virtu announces proposed offering of $500M of senior first lien notes due 2031
Virtu Financial, Inc. (NASDAQ:VIRT) announced today that its subsidiaries, VFH Parent LLC and Valor Co-Issuer, Inc., intend to offer $500 million aggregate principal amount of senior first lien notes due 2031. This is an opportunistic private offering that is exempt...
Interactive Brokers adds new funds and fund families to Mutual Fund Marketplace
Electronic trading major Interactive Brokers has made new funds and fund families available at the Mutual Fund Marketplace. The Interactive Brokers Mutual Fund Marketplace provides clients from over 200 countries and territories with access to more than 48,000 funds...
HSBC to pay $25k fine for alleged violations of CME rules
International derivatives marketplace CME Group has published a notice of disciplinary action against HSBC Securities (USA) Inc. Pursuant to an offer of settlement in which HSBC neither admitted nor denied the finding or the rule violation upon which the penalty is...
BBVA Chair addresses shareholders regarding transaction with Banco Sabadell
On July 5, 2024, BBVA will hold an extraordinary shareholders’ meeting to approve a capital increase and thus move ahead with the process to purchase Banco Sabadell. BBVA Chair Carlos Torres Vila spoke to the bank’s shareholders today. In his message, he emphasized...
Exclusive: GTC / OneRoyal / ATFX alum Mouaz Hosni joins CNBC Arabia
FNG Exclusive… FNG has learned that US business news source CNBC has hired longtime FX industry executive Mouaz Hosni as Assistant Producer for its Middle East online and TV channel unit, CNBC Arabia. Mouaz Hosni has spent more than a decade working in the FX and CFDs...
Cboe Options adds two 10G customer switches on NY5
Effective immediately, Cboe Options Exchange (C1) has added two additional 10G switches to the NY5 datacenter customer access layer as part of ongoing switch hardware upgrades in the C1 environment. Two new 10G L3 switches are now available on the existing NY5...
ICE Futures US announces settlement of charges against ARB Trading Group North LP
ICE Futures US has announced settlement of charges against ARB Trading Group North LP. A subcommittee of the Exchange’s Business Conduct Committee (BCC) determined that from January 2023 through February 2023 (the “Relevant Period”), ARB Trading, through the actions...
Exclusive: ex Scope Markets CMO James Hughes launches financial marketing co Prezco
FNG Exclusive… FNG has learned that experienced FX industry marketing executive James Hughes has launched a new venture called Prezco. Based in London, Prezco is a content solutions provider specializing in the financial services industry, with a focus on FX/CFD...
FX week in review: XTrade license pulled, Jonathan Brewer returns, Saxo volume low, Robinhood buys crypto exchange
Before we get to this past week’s top FX and CFDs industry news stories, we’re pleased yet again to report record traffic (and social media following, and email newsletter subscribers…) here at FNG in the month of May 2024. Our traffic growth was led once again by...
Currency Speculators drop Swiss Franc bets to lowest since 2018 :: 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 June 4th and shows a quick view of how large market...
Speculator bets led by Coffee & Cocoa :: 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 June 4th and shows a quick view of how large traders...
Speculator Bets led lower by Platinum & Copper :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday June 4th and shows a quick view of how large traders...
Speculator Bets led lower by 5-Year Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday June 4th and shows a quick view of how large traders...
Speculator bets led by MSCI EAFE & 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 June 4th and shows a quick view of how large traders...
Silver, Peso, 5-Year & Sugar lead weekly 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 June 4th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Market awaits NFP data: Euro/Dollar consolidates :: InvestMacro
By RoboForex Analytical DepartmentAt the end of the week, the US dollar is hovering around an eight-week low against the euro, but trading activity remains subdued. Everyone is conserving energy ahead of this evening’s May employment data from the US. These reports...
SEC charges Finnish citizen with insider trading in advance of tender offer announcement
The Securities and Exchange Commission (SEC) announces settled charges against Anders J. Lindgren for insider trading in advance of the January 2023 announcement of a tender offer by AstraZeneca PLC to acquire CinCor Pharma, Inc. According to the SEC’s order, Lindgren...
Swiss FINMA publishes guidance on cyber risks
The Swiss Financial Market Supervisory Authority (FINMA) today published its guidance on cyber risks. All supervised institutions have obligation to report cyber attacks. The institution has 24 hours from the time a cyber attack is discovered to submit an initial...
Paul Purcell resigns from Sezzle BoD
Sezzle Inc. (NASDAQ:SEZL) today announced that Paul Purcell resigned from its Board of Directors on June 6, 2024, and declined to stand for reelection at the 2024 Annual Meeting of Stockholders. Mr. Purcell has served on Sezzle’s Board for 5 years (since April 2019)...
iSAM Securities launches RADAR real-time risk analytics dashboard
iSAM Securities has announced that it recently expanded its technological offering with the introduction of iSAM Securities RADAR, a real-time risk analytics dashboard allowing users to manage risk through intraday monitoring of book performance and profitability....
David Fineberg, Albert Soleiman acquire more shares in CMC Markets under incentive plan
CMC Markets Plc (LON:CMCX), a global provider of online trading and platform technology, today announced transactions in its shares by members of its top management. David John Fineberg, deputy CEO of CMC Markets, and Albert Soleiman, CFO of the broker, acquired...
R.J. O’Brien to pay $250k fine for alleged violations of ICE rules
ICE Futures U.S. has posted a notice of disciplinary action against R.J. O’Brien & Associates LLC (RJO). On June 6, 2024, a subcommittee of the Exchange’s Business Conduct Committee determined that from May 2021 through April 2023 (the “Relevant Period”), RJO may...
Monex to begin offering periodic purchase plan of mutual fund using d CARD
NTT Docomo, Inc. and Monex, Inc. today announced the launch of periodic purchase plan of mutual fund using Docomo’s credit card, d CARD®, starting Friday July 5, 2024. Applications for August 2024 purchases will also be accepted from the same date. With this new...
CME fines Schonfeld Strategic Management for alleged NYMEX rule violation
International derivatives marketplace CME Group has posted a notice of disciplinary action against Schonfeld Strategic Management LLC. Pursuant to an offer of settlement in which Schonfeld neither admitted nor denied the Rule violations or factual findings upon which...
CFTC charges Three Bridges Trading Fund with fraud and misappropriation
The Commodity Futures Trading Commission (CFTC) today filed a civil enforcement action in the U.S. District Court for the Western District of Tennessee against Three Bridges Trading Fund, LLC, a Tennessee corporation, and its owner, president, and manager, Donald Wray...
Exclusive: B2C2 hires Goldman Sachs exec Nikolay Karpenko as Director EMEA Sales
FNG Exclusive… FNG has learned that London based crypto liquidity provider B2C2 has hired Nikolay Karpenko, as the company’s new Director EMEA Sales. Nikolay Karpenko joins B2C2 after spending the past seven year at investment bank Goldman Sachs (NYSE:GS), serving as...
Coinbase introduces Advanced Trade Go SDK
Coinbase is introducing Advanced Trade Go SDK – a flexible sample application that allows customers to automate their crypto trading strategies on Coinbase Advanced. This SDK is built on top of Coinbase Advanced REST APIs and simplifies the development process,...
CME fines BNP Paribas for alleged violation of NYMEX rules
International derivatives marketplace CME Group today issued a notice of disciplinary action against BNP Paribas S.A. Pursuant to an offer of settlement in which BNP Paribas S.A. neither admitted nor denied the Rule violations or factual findings upon which the...
AI plus gene editing promises to shift biotech into high gear :: InvestMacro
During her chemistry Nobel Prize lecture in 2018, Frances Arnold said, “Today we can for all practical purposes read, write and edit any sequence of DNA, but we cannot compose it.” That isn’t true anymore.Since then, science and technology have progressed so much that...
MT5 build 4380 comes with series of enhancements
Fintech company MetaQuotes has announced the upcoming release of build 4380 of the MetaTrader 5 (MT5) platform. The MetaTrader 5 platform update will be released on Friday, June 7, 2024. The new version features the following changes: MetaTrader 5 Client Terminal...
Gold prices reach 2368 USD amid speculation of Fed rate cuts :: InvestMacro
By RoboForex Analytical DepartmentGold prices climbed to 2368 USD per troy ounce on Thursday, continuing the upward momentum for the second session. This surge comes as market expectations adjust to the likelihood of future interest rate cuts by the Federal Reserve,...
The markets will overreact to the headlines :: InvestMacro
By Jeffrey Hart, Auburn University As the saying goes, “There are lies, damn lies and statistics.”And on the first Friday of every month, the American public gets a ton of new statistics to peruse. That’s when the U.S. Bureau of Labor Statistics releases its latest...
The Bank of Canada has started a cycle of rate cuts. Today the same step is expected from the ECB :: InvestMacro
By JustMarketsOn Wednesday, the Dow Jones (US30) rose 0.25%, while the S&P 500 (US500) rose 1.18%. The NASDAQ Technology Index (US100) closed yesterday at a positive 1.96%. Stock indices rose on Wednesday, with the S&P 500 and Nasdaq 100 setting new all-time...
TradingView introduces BBTrend, indicator created by John Bollinger
TradingView is introducing BBTrend, an indicator created by John Bollinger, the originator of Bollinger Bands. In addition to introducing this new indicator, TradingView has also revised its existing Bollinger Bands indicators under Mr Bollinger’s direct oversight....
Robinhood to acquire Bitstamp for $200M in cash
Robinhood Markets, Inc. has entered into an agreement to acquire Bitstamp Ltd, a global cryptocurrency exchange. Robinhood expects the final deal consideration to be approximately $200 million in cash, subject to customary purchase price adjustments. The acquisition...
LSEG names Pascal Boillat its COO
London Stock Exchange Group plc (LSEG) today announces that Pascal Boillat has been appointed as Chief Operating Officer (COO). Pascal Boillat Mr Boillat will join the Group on 1 July 2024, reporting to David Schwimmer. Based in New York, Pascal will lead LSEG’s...
CFDs broker XTrade loses ASIC license over “unconscionable conduct”
Australia financial regulator ASIC has announced that it has cancelled the Australian financial services (AFS) license of retail over the counter (OTC) derivatives issuer XTrade.AU Pty Ltd (XTrade). XTrade offered clients opportunities to trade in contracts for...
Italy’s CONSOB orders blocking of CFDActive and Crypto Services UK websites
Italy’s Companies and Exchange Commission (CONSOB) has issued orders for the blocking of access to four unauthorised investment websites. In issuing the orders, the regulator made use of the powers deriving from the “Growth Decree” (law no. 58 of 28 June 2019, article...
ASIC cancels licence of Aussie Wealth Super
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services (AFS) licence of Aussie Wealth Super Pty Ltd. The cancellation is effective from 3 June 2024. The AFS licence was cancelled after ASIC received notification...
ASIC warns about misuse of its logo on social media to promote fake investments
The Australian Securities and Investments Commission (ASIC) is warning consumers about the misuse of ASIC’s logo on social media to promote fake investments and stock market trading courses and cold calling, and Telegram impersonations. ASIC has received a number of...
FINRA fines Crown Capital Securities
Crown Capital Securities has agreed to pay a $50,000 fine as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From January 2014 to December 2019, Crown Capital Securities failed to reasonably supervise transactions that the firm’s...
Euronext to repurchase 100k shares as part of its long-term incentive plan
Pan-European market infrastructure Euronext today announced that it will repurchase 100,000 of its own shares as part of its Long-Term Incentive plans. This repurchase programme will be implemented and directed by an independent agent from 6 June 2024 to 21 June 2024....
Breaks $71k ahead of US NFP :: InvestMacro
Roughly 4% away from all-time highOver past year NFP triggered moves of ↑ 2.5% & ↓ 1%Key level of interest – $72,000Are Bitcoin bulls gearing up for another charge higher?Well, the world’s largest cryptocurrency has jumped almost 5% this week, trading around...
APRA fines Equity Trustees for failing to meet data reporting requirements
The Australian Prudential Regulation Authority (APRA) has fined Equity Trustees Superannuation Limited (ETSL) $782,500 for failing to meet its legal obligations to report data to APRA. ETSL breached the requirements of the Financial Sector (Collection of Data) Act...
New Zealand Dollar shows stability amid US economic concerns :: InvestMacro
By RoboForex Analytical Department The NZD/USD pair is stable, consolidating around 0.6189 on Wednesday. The New Zealand dollar maintains a sideways trend and appears relatively robust in the current market environment.Recent pressure on the US dollar, triggered by...
IEX appoints John Palmer to lead new markets
IEX Group, Inc today announced the appointment of John Palmer to lead its efforts to build out new markets. As a member of the IEX Group, Inc. leadership team, Palmer will focus on leveraging the strengths of IEX’s core system and technology to develop new markets and...
Australia’s economy is slowing down. The BoC meeting is in the spotlight today :: InvestMacro
By JustMarketsAt Tuesday’s close, the Dow Jones Index (US30) was up 0.36%, while the S&P 500 Index (US500) added 0.15%. The NASDAQ Technology Index (US100) closed positive 0.17% yesterday. The April JOLTS job openings number fell more than expected to a 3-year...
FSCS confirms administrators appointed at TenetConnect Services Ltd
On 5 June 2024 the directors appointed Ed Boyle, Howard Smith and Rob Spence of Interpath Ltd as Joint Administrators of Tenet Group Ltd. Ed Boyle and Rob Spence were also appointed as Joint Administrators of its subsidiary companies Tenet Ltd, TenetConnect Ltd and...
Finseta completes sale of Capital Currencies
Finseta plc (LON:FIN), a Forex and payments solutions company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, announces the completion of the sale of 100% of the share capital of Capital Currencies Ltd. The...
Tether invests $18.75M in Taiwan’s XREX to further blockchain-based EM payments
Tether, the largest company in the digital asset industry, has announced a strategic investment of $18.75 million in Taiwan’s XREX Group, a fully regulated, blockchain-enabled financial institution. This collaboration aims to drive innovation in the digital asset...
SEC brings insider trading charges against former Lumentum exec
The Securities and Exchange Commission (SEC) has filed insider trading charges against Andre Wong for unlawfully trading the securities of NeoPhotonics Corporation ahead of an announcement that his then-employer, Lumentum Holdings Inc, had agreed to acquire...
Marqeta opens new office in Poland
Marqeta, a global modern card issuing platform, today announced its new office in Warsaw, Poland to support its long term business and growth strategies. By setting up operations in Poland, Marqeta gains direct access to the European Union, positioning it well for...
Exclusive: Institutional broker GMI UK sees 37% decline in 2023 Revenues to £617K
FNG Exclusive… FNG has learned via regulatory filings that FCA regulated FX and CFDs broker Global Market Index Limited has seen a second consecutive year of Revenue declines in 2023, with the company bringing in just £616.6 thousand (USD $787,000), down by 37% from...
LMAX launches FX NDFs trading in Singapore and London
Institutional FX and digital assets broker LMAX Group has announced the launch of FX Non-Deliverable Forwards (NDFs), available to trade in two matching centres, Singapore (SG1) and London (LD4). The launch follows the receipt by LMAX Exchange, the Group’s global...
Sumsub joins Mastercard Engage Partner Program as Digital First tech partner
Sumsub, a global full-cycle verification platform, has joined the Mastercard Engage Partner Program as a technological partner focused on Digital First solutions. Sumsub will provide its full suite of verification and anti-fraud solutions to secure customers’...
Barclays names Alexander Altmann its Global Head of Equities Tactical Strategies
Barclays today announced the appointment of Alexander Altmann as Managing Director and Global Head of Equities Tactical Strategies. Mr Altmann will be based in New York, reporting to Ronnie Wexler, Global Head of Equities Distribution. In this newly created global...
Oil prices decreased for the 5th consecutive session. AI companies support the NASDAQ index :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones Index (US30) was down 0.30%, while the S&P 500 Index (US500) added 0.11%. The NASDAQ Technology Index (US100) closed positive 0.56% yesterday. The general market’s gains were limited as economic concerns pressured...
E*Trade considering Keith Gill ban on GameStop meme stock manipulation concerns
US business news sources Wall Street Journal (WSJ) and CNBC are reporting than online brokerage E*Trade is considering a ban of meme stock trader Keith Gill, over recent activity in shares of GameStop (NYSE:GME). Keith Gill was at the center of the meme stock craze in...
Hits 3-week high :: InvestMacro
Sugar ↑ almost 3% month-to-dateRoughly 25% away from 2024 highH1 prices bullish but RSI overboughtTechnical levels – 19.08, 18.90 and 18.50Check this out, FXTM’s new Sugar commodity has just touched a fresh three-week high!After wobbling near multi-week lows, prices...
CME fines Peter Kosanovich (MGLA) for “unbusinesslike language”
International derivatives marketplace CME Group has issued a notice of disciplinary action against Peter Kosanovich (MGLA). On May 20, 2024, a panel of the Floor Conduct Committee found that on April 12, 2024, Kosanovich directed unbusinesslike language at another...
Japanese yen strengthens unexpectedly against US dollar :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair unexpectedly declined last night due to a weakening US dollar. Currently, it is hovering around 156.33.Japanese Finance Minister Shunichi Suzuki highlighted the government’s recent interventions to support the yen,...
FXSpotStream parent LiquidityMatch names Caplin Systems’ John Ashworth as Chair
LiquidityMatch LLC, the parent company of FXSpotStream LLC, has announced that the company has appointed John Ashworth as Independent Chair of its Board of Directors. John currently serves as CEO of Caplin Systems, a software firm that provides trading systems to the...
Edmund Reese to step down from role of Broadridge CFO
Broadridge Financial Solutions, Inc. (NYSE:BR) announced today that Edmund Reese, Chief Financial Officer, will be stepping down from his role, effective June 30, 2024. Mr Reese will become Chief Financial Officer of Aon, a $61 billion market capitalization global...
Marqeta appoints Marcin Glogowski as SVP, Managing Director Europe and UK CEO
Global modern card issuing platform Marqeta (NASDAQ:MQ) today announced the appointment of PayPal veteran Marcin Glogowski as SVP, Managing Director Europe and UK CEO, where he will be responsible for leading Marqeta in the region. Marcin Glogowski Marqeta has...
SEC secures final judgment against former Arista Networks Chairman for insider trading
The Securities and Exchange Commission (SEC) has obtained final judgment against Andreas “Andy” Bechtolsheim, the founder and Chief Architect of Silicon Valley-based technology company Arista Networks, Inc in an action alleging that he engaged in insider trading. The...
Cboe Silexx adds Favorites, enhances Risk Radar
Cboe Silexx, a multi-asset order execution management system (OEMS) that caters to the professional marketplace, has announced a series of enhancements as part of version 24.4. Cboe announces the release of favorites. Users can now save favorites within the Multi...
Bitpanda expands partnership with Deutsche Bank
Fintech unicorn Bitpanda is expanding its partnership with Deutsche Bank to provide real-time payment solutions for incoming and outgoing transactions for users in Germany. This API-based account solution will provide Bitpanda with access to German IBANs, streamlining...
Tradeweb launches innovative features bridging its repo and IRS product offerings
Tradeweb Markets Inc. (NASDAQ:TW), a global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has launched innovative features bridging the firm’s repurchase agreements (repo) and interest rate swap (IRS) product...
Dukascopy adds MT5 to lineup of trading platforms
Following the successful completion of Beta testing Dukascopy Bank SA today announced the addition of MetaTrader 5 (MT5) to its suite of trading platforms, including the outstanding JForex 4 and the popular MT4 platform. This addition marks a significant enhancement...
Binance announces product offering changes because of MiCA rules coming into force
Binance has announced changes to its product offering because of the new MiCA stablecoin rules, which will come into effect on June 30, 2024 in the European Economic Area (EEA). Only certain regulated companies will be able to issue and offer to the public...
CME Group names John Ricci its Managing Director and Global Head of Agricultural Products
International derivatives marketplace CME Group today announced the appointment of John Ricci as Managing Director and Global Head of Agricultural Products. Reporting to Derek Sammann, Senior Managing Director and Global Head of Commodities Markets, Ricci will be...
Prop firm Maven Trading hires Smart Prop Trader exec Ryan Lepper as CFO
Vancouver, Canada based retail prop trading firm Maven Trading has announced the appointment of Ryan Lepper as its new Chief Financial Officer (CFO). With over two decades of experience in business and finance, Maven Trading said that Ryan brings knowledge and...
Interactive Brokers registers 27% Y/Y rise in DARTs in May 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just reported its operating metrics for May 2024. The brokerage registered 2.360 million Daily Average Revenue Trades (DARTs) in May 2024, 27% higher than in May 2023 and 1% higher than in...
OPEC+ extending key oil production cuts :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) Index gained 1.51% (for the week -1.03%), while the S&P 500 (US500) Index was up by 0.80% (for the week -0.07%). The NASDAQ Technology Index (US100) closed negative 0.01% (for the week -0.31%). Stocks rallied sharply...
Nuvei partners with Visa to offer Visa Direct in Colombia
Canadian fintech company Nuvei Corporation (TSX:NVEI) has partnered with Visa, to offer Visa Direct in Colombia. Nuvei is the first global payments provider to offer Visa Direct to its customers in the country. Visa Direct is a VisaNet processing capability that...
Alibaba’s (BABA) Secret Weapon for Future Growth :: InvestMacro
By The Ino.com TeamAmid challenging regulatory pressures, economic headwinds, and fierce market competition, Alibaba Group Holding Limited (BABA) has showcased a resilient performance, as evidenced by its latest quarterly results. Shares of the Chinese e-commerce...
Mastercard introduces Biometric Checkout Program in Uruguay
Mastercard today announced the expansion of its global Biometric Checkout Program in Latin America (LAC). With partners Ingenico, Fulcrum Biometrics, Fujitsu Frontech, and Scanntech, Mastercard has launched an innovative in-store biometric payment experience at Tienda...
USDInd seeks fresh directional catalyst :: InvestMacro
ECB meeting & NFP in focusOver past year ECB triggered moves of 0.6% ↑ or ↓Trapped in D1 range since mid-MayTechnical levels – 105.20 and 104.20 After bouncing within a 1000-point range since mid-May, FXTM’s USDInd is on breakout watch!A high-risk cocktail...
TradingView adds improved futures data from Hong Kong Stock Exchange
TradingView is now offering traders improved futures data from the Hong Kong Stock Exchange: they can now back-adjust contracts, use settlement prices and track Open interest. Back-adjustment of previous contracts Since price discrepancies across different contracts...
Saxo Bank plans changes to sub-account transfer across currencies
Multi-asset investment specialist Saxo Bank has announced that cross currency sub-account transfers during FX non-trading hours will no longer be supported starting mid/end June 2024. Saxo Bank is making this change to minimise the risk contributing to FX conversion...
US Treasury Bond, Silver lead weekly Bullish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on May 28th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
GLMX secures regulatory approval from Monetary Authority of Singapore
GLMX Technologies LLC, a technology provider for global money market trading, including repurchase agreements, securities lending and time deposits, has been designated by the Monetary Authority of Singapore (MAS) as a Recognized Market Operator (RMO) effective May...
Speculator bets led by 5-Year Bonds & US Treasury Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday May 28th and shows a quick view of how large traders...
Exclusive: Trading.com hires ZuluTrade alum Theodosis Lapatas as US Head of Marketing
FNG Exclusive… FNG has learned that online broker Trading.com has hired Athens, Greece based FX industry executive Theodosis Lapatas as the company’s new Head of Marketing – US. Theodosis Lapatas was Head of Affiliates for two years at copy trading platform provider...
GBP and Euro Speculator bets rise for multiple weeks :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday May 28th and shows a quick view of how large market...
Genesis offers new tools and incentives to financial industry software developers
Genesis Global today announced new initiatives to make it easier and faster for financial markets firms to address their most pressing, strategic and innovative software opportunities with the Genesis Application Platform. Facilitated by Version 8 of the Genesis...
Speculator bets led by Soybean Meal & Soybeans :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday May 28th and shows a quick view of how large traders...
Weekly Speculator Changes led by Gold :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday May 28th and shows a quick view of how large traders...
Speculator bets led by S&P500 & 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 May 28th and shows a quick view of how large traders...
FX week in review: New CEOs at TopFX and Saxo UK, NAGA upgrade, Prop firm closes
There were more than the usual number of senior executive moves in the FX and CFDs space this past week, including the outside hire of CEOs at two of the more recognized brands in the business. Who is the new CEO of TopFX? Which alum did Saxo Bank turn to as the new...
What New York City’s Art Auctions Tell You About the Stock Market — and Social Mood :: InvestMacro
By Peter Kendall | Chief Analyst for U.S. Markets and Cultural TrendsThe fall and spring auctions in New York City are the art market’s bellwether sales events. And according to The New York Times, the results from the City’s spring art auction season “tell a story of...
SEC charges Trillium Capital with fraudulent scheme to manipulate Getty Images stock
The Securities and Exchange Commission (SEC) today charged Robert Scott Murray and Trillium Capital LLC, a private company controlled by Murray, with a fraudulent scheme to manipulate the stock price of Getty Images Holdings Inc. by announcing a phony offer by...
CME Group fines, suspends trader for violating wash trades prohibition
International derivatives marketplace CME Group has posted a notice of disciplinary action against Jeong Taewon. The Chief Regulatory Officer of CME Group’s Market Regulation Department issued a charge against Jeong Taewon for violating Rule 534. based on allegations...
Ian Halliday-Pegg resigns as CEO of RegTech Open Project
RegTech Open Project plc (LON:RTOP), the technology business specialised in the automation, management, and optimisation of regulatory compliance operations, announces that Ian Halliday-Pegg has tendered his resignation from his position as Chief Executive Officer and...
New Zealand Dollar gains for second day against US Dollar :: InvestMacro
By RoboForex Analytical DepartmentThe New Zealand dollar continues its ascent for the second consecutive session against the US dollar, resulting in the NZD/USD pair climbing to 0.6125. This increase is attributed to recent US economic data indicating...
UBS closes merger of UBS AG and Credit Suisse AG
UBS Group AG announced today that it has completed the merger of UBS AG and Credit Suisse AG. The completion of the merger within the expected timeline was facilitated by the strong support from regulators across the globe. Today, Credit Suisse AG has been...
Brent waits on OPEC+ meeting :: InvestMacro
Brent ↑ 6% year-to-dateHeaded for biggest monthly ↓ in 2024OPEC+ decision, EIA data & NFP in focusOver past year NFP triggered moves of 1% ↑ or ↓Technical levels – $84.50 & $81.00Key central bank decisions and top-tier economic data could rock markets in the...
ICI, SIFMA and DTCC issue statement on U.S. move to T+1
Today, the Investment Company Institute (ICI), the Securities Industry and Financial Markets Association (SIFMA), and DTCC issued the following statement on the move to T+1: “With the U.S. T+1 settlement cycle for corporate bonds, municipal bonds, and equities...
Investors’ focus today is on the PCE Price Index data. Conditions for inflation growth are forming in Japan :: InvestMacro
By JustMarketsAt the end of Thursday, the Dow Jones Index (US30) decreased by 0.86%. The S&P 500 Index (US500) is down 0.60%. The NASDAQ Technology Index (US100) closed negative 1.08%. Meanwhile, the S&P 500 (US500) fell to a 2-week low, the Dow Jones (US30)...
In Conversation with Dany Mawas: Finalto ODP Solutions
FNG Interview… The annual Finance Magnates Africa Summit (FMAS) conference is a cornerstone event for the financial services sector, offering a platform for industry leaders to discuss the latest trends and regulatory developments. This year, FMAS:24 was particularly...
Saxo Bank updates on decommissioning of its legacy platform Webconnect
Multi-asset investment specialist Saxo Bank has issued an update to its white label clients regarding the decommissioning of its legacy platform Webconnect and the successful launch of its new platform, SaxoPartnerConnect. Saxo explains that many of its partners have...
Why Nvidia’s Stock Surge Could Translate to Higher Dividends :: InvestMacro
By The Ino.com TeamWith a $2.35 trillion market cap, NVIDIA Corporation (NVDA) has had an exceptional year so far. Following a stellar 2023, NVDA’s stock has already surged nearly 92% since January. Moreover, the stock has gained over 200% in the past year.This surge...
Italy’s CONSOB orders blocking of access to websites of Forexelite, TBMarket, Imperialcap-24
Italy’s Companies and Exchange Commission (CONSOB) has issued orders for the blocking of access to five unauthorised investment websites. The websites targeted by CONSOB’s orders are: “TBMarket” (website https://tbmarket.co); “Ahfultra” (website https://ahfultra.co...
ANZ sells remaining 5.2% shareholding in AmBank
ANZ has agreed to sell its remaining 5.2% of the issued capital in AMMB Holdings Bhd (AmBank) via a block trade at a price of MYR4.10 per share. ANZ Chief Financial Officer Farhan Faruqui said: “The sale of our equity stake in AmBank is a significant milestone in...
Colorado takes a new – and likely more effective – approach to the housing crisis :: InvestMacro
By Brian J. Connolly, University of Michigan In recent years, Colorado has been a poster child for the U.S. housing crisis. Previously a relatively affordable state, it has seen home prices increase nearly sixfold over the past three decades, outstripping even Florida...
Clearstream now offers Italian domiciled funds for execution processing via Vestima
Clearstream now supports operational processing for Italian domiciled funds within the Clearstream Fund Services ecosystem. As part of its enhanced product offering, Clearstream can now support execution activities for open-ended Mutual Funds (fondi comuni di...
XDC Network, R3 Corda complete inter-business settlement PoC
SBI XDC Network APAC Co., Ltd. and SBI R3 Japan Co., Ltd. have successfully completed a proof-of-concept experiment. The PoC proved that value via digital asset can be transferred over different distributed ledger technologies (DLT), XDC Network and R3 Corda platform,...
Why the US government is trying to break up Live Nation Entertainment – a music industry scholar explains :: InvestMacro
By David Arditi, University of Texas at Arlington The U.S. Justice Department, along with 29 states and the District of Columbia, have filed an antitrust lawsuit against Live Nation Entertainment, the parent company of Ticketmaster.The lawsuit alleges that Live Nation...
Cotton, EURCHF & UK100 hit targets :: InvestMacro
Cotton bulls bag 80 pointsEURCHF secures all 4 bearish targetsUK100 slams into 3rd bullish levelAnticipation was the theme this week as investors braced for the incoming US PCE data.It felt like a typical “calm before the storm” across markets ahead of this key risk...
Broadridge acquires AdvisorTarget – FX News Group
Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) announced today that it has acquired AdvisorTarget, a market leader in providing asset management and wealth management firms with data products to help power digital marketing, sales and engagement...
Avocados are a ‘green gold’ export for Mexico, but growing them is harming forests and waters :: InvestMacro
Consumers’ love for avocados in the United States seems to know no bounds. From 2001 through 2020, consumption of this fruit laden with healthy fats tripled nationwide, rising to over 8 pounds per person yearly.On average, 90% of those avocados are grown in the...
Robinhood introduces Robinhood Crypto Trading API
Robinhood Crypto customers in the United States can now use the Robinhood API to view crypto market data, manage portfolios and account information, and place crypto orders programmatically. “With our new crypto trading API, we’re helping customers harness the full...
Brent crude oil declines again :: InvestMacro
By RoboForex Analytical DepartmentThe commodity market, struggling to maintain its upward momentum, frequently slips into sell-offs. On Thursday, the price of Brent crude oil fell to 83.60 USD per barrel.On Wednesday evening, Brent lost almost 1% of its value due to...
TradingView offers new opportunities for Dhan clients
TradingView is offering new opportunities for Dhan clients by adding options trading to the integration. Launched in 2021, Dhan is a user-first trading and investing platform driven by technological innovations. With a strong focus on tech and product development,...
Traders further lowered their expectations for a Fed interest rate cut this year :: InvestMacro
By JustMarketsAt Tuesday’s close, the Dow Jones Index (US30) decreased by 1.06% and fell to a 3-week low. The S&P 500 index (US500) was down 1.06%. The NASDAQ Technology Index (US100) closed negative 0.58%. Stocks declined amid rising bond yields driven by hawkish...
Nasdaq adds new AI-powered capabilities for Nasdaq Boardvantage Board Portal on Microsoft Azure
Nasdaq today announced its Capital Access Platforms division has introduced new artificial intelligence (AI) powered capabilities for the Nasdaq Boardvantage Board Portal on Microsoft Azure. These capabilities, powered by Microsoft Azure OpenAI Service, are designed...
Saxo UK hires InvestCloud exec Andrew Bresler as CEO
Copenhagen based Retail FX and CFDs broker Saxo Bank has announced the appointment of Andrew Bresler as CEO of Saxo Capital Markets UK Ltd, the company’s London-based and FCA regulated unit, effective June 3rd. He takes over from interim CEO Simon Camilleri, the...
Garanti BBVA’s crypto app now supports AVAX coins
Garanti BBVA’s mobile platform for cryptocurrencies now offers Avalanche c-chain support for AVAX coins, an asset in high demand in Türkiye. The cryptocurrency joins Bitcoin (BTC), Ethereum (ETH) and USD Coin (USDC) on the ‘Garanti BBVA Crypto’ app, which provides...
FINRA fines BofA Securities for alleged rule violations
BofA Securities, Inc has agreed to pay a fine of $90,080 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). Between August 2019 and August 2022, BofA Securities violated FINRA Rules 5190 and 2010 in 195 instances by filing untimely or...
LMAX Group hires XTX Markets alum Chris Knight as Managing Director
Institutional FX and digital assets broker LMAX Group has announced the appointment of Chris Knight to the role of Managing Director. Chris will be relocating from Sydney to London and will take up the role over the summer. In his new position, Chris will initially...
ESMA issues guidance to firms using AI in investment services
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has issued a statement providing initial guidance to firms using Artificial Intelligence technologies (AI) when they provide investment services to retail...
ASIC permanently bans ex-director of Equus Private Wealth from financial services industry
The Australian Securities and Investments Commission (ASIC) has issued two orders permanently banning Melbourne-based former director Christopher David Nairn from the financial services and credit industries. Mr Nairn falsified numerous documents by forging his...
Onboarding regtech Muinmos adds Anders Kirketerp-Møller to its Board
Client onboarding solutions specialist Muinmos has announced the addition of seasoned C-level executive and governance expert Anders Kirketerp-Møller to its Board of Directors. Anders will be leveraging his extensive experience from large global businesses to drive...
HK Court convicts market manipulators for false trading in shares of Ching Lee Holdings
The Hong Kong Court of First Instance today convicted three individuals, Ms Sit Yi Ki, Ms Lam Wing Ki and Mr Tam Cheuk Hang of conspiracy to carry out false trading in the shares of Ching Lee Holdings Limited following a 22-day market manipulation trial by jury. The...
CySEC suspends authorisation of W.G. Wealth Guardian
The Cyprus Securities and Exchange Commission (CySEC) announces that the authorisation of the Cyprus Investment Firm W.G. Wealth Guardian Ltd is suspended in whole. The suspension is executed pursuant to section 10(1) of Directive DI87-05 for the Withdrawal and...
GCEX partners with DV Chain for enhanced institutional crypto liquidity
FX and digital assets institutional broker GCEX has announced that it has entered into a new partnership with DV Chain, a leading provider of liquidity and market-making services for cryptocurrencies. This collaboration will enable GCEX’s clients to benefit from DV...
SEC brings charges against Mass Ave Global and Co-Founder and CEO Winston Feng
The Securities and Exchange Commission (SEC) today instituted settled proceedings against formerly registered investment adviser Mass Ave Global Inc. and its co-founder and CEO Winston M. Feng for making false and misleading statements to investors in MassAve’s...
Enhancing Security, Transparency, and Efficiency in Digital Currency Deposits with iSAM Securities MD Sam Johnson
FNG Interview… The iSAM Securities Crypto Margin Facility offers clients a seamless and secure way to deposit margin as digital currency. Chosen for their stability and transparency, deposits are accepted in the form of both USDT and USDC on the ERC-20 Blockchain....
Shaky ahead of PCE inflation data :: InvestMacro
Bitcoin ↑ 14 month-to-dateCould be rocked by US inflation dataOver past year PCE triggered moves of ↑ 1% & ↓ 2.3%Technical levels – $70,000 & $67,000Keep eye on Ethereum, Solana & Litecoin among othersThe past few days have been volatile for the world’s...
Cboe plans to list Cboe iBoxx $ Emerging Market Bond Index futures
Derivatives and securities exchange network Cboe Global Markets, Inc. today announced plans to list Cboe iBoxx $ Emerging Market Bond Index futures for trading on Cboe Futures Exchange, LLC (CFE) beginning on June 17, subject to regulatory review. The IEMD futures...
Australian dollar hits 0.6650 amid mixed economic signals :: InvestMacro
By RoboForex Analytical DepartmentThe AUD/USD pair rose to 0.6650 on Wednesday following the release of Australian economic data. Australia’s consumer price index (CPI) accelerated to 3.6% year-on-year in April, up from 3.5% in March. This slight increase in inflation...
NYSE partners with CoinDesk Indices to launch products tracking spot Bitcoin prices
The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE:ICE), today announced it is collaborating with CoinDesk Indices to launch cash-settled index options tracking the CoinDesk Bitcoin Price Index (XBX). ICE and the NYSE intend to work with...
Oil rises amid increasing geopolitical tensions in the Middle East. Inflation is rising in Australia :: InvestMacro
By JustMarketsThe Dow Jones Index (US30) fell by 0.55% to a two-week low on Tuesday, while the S&P 500 Index (US500) gained 0.03%. The NASDAQ Technology Index (US100) closed positive 0.59%. Minneapolis Fed President Kashkari’s comments were somewhat hawkish for...
Circle launches in Brazil – FX News Group
Circle, a global financial technology firm and the issuer of the USDC stablecoin, today announced its official launch in Brazil. This expansion marks an opportunity to deliver highly demanded USD-backed digital dollars and digital asset infrastructure to a market at...
Worldline signs contract with Banque Raiffeisen for cloud-based instant payments in Luxembourg
Provider of payment services Worldline has signed a contract with Banque Raiffeisen, making it Worldline’s first client on its cloud-based instant payments solution in Luxembourg. Worldline already works closely with Banque Raiffeisen, providing services including...
Ouinex selects Netdania for Web3-powered Crypto trading platform
France based crypto trading platform and blockchain solutions company Ouinex has announced that it has joined forces with Netdania, a leader in trading software and analytics, to launch a state-of-the-art cryptocurrency trading platform and expand on their shared...
PayPoint announces £1M investment in Aperidata
PayPoint has today announced a £1 million investment in Aperidata Ltd, an innovative consumer and business credit reporting and Open Banking platform. The deal will see the PayPoint Group building on an existing commercial partnership between the two companies...
Robinhood, traders reach settlement in short squeeze lawsuit
A group of traders and Robinhood have reached a settlement regarding the Federal Securities Tranche of the January 2021 short squeeze lawsuit. On May 28, 2024, Robinhood Markets, Inc., Robinhood Financial LLC, and Robinhood Securities, LLC and Plaintiffs Blue...
ESMA issues statement on sharing info during pre-close calls
The European Securities and Markets Authority (ESMA) issued today a statement reminding issuers about the legislative framework applicable to “pre-close calls” and encouraging them to follow good practices when engaging in such calls, with the goal of contributing to...
NFA imposes $150k fine on Sigma Broking Limited
The United States National Futures Association (NFA) has ordered Sigma Broking Limited to pay a $150,000 fine. Sigma Broking is an introducing broker Member of NFA located in London, United Kingdom. The Decision, issued by an NFA Hearing Panel, is based on a Complaint...
PayPal announces new leadership appointments
PayPal Holdings, Inc. (NASDAQ:PYPL) today announced new leadership appointments that will drive the creation of a new advertising platform and strengthen the company’s consumer value proposition. Mark Grether will join on May 28 as SVP, General Manager, PayPal Ads,...
CMO Themis Christou leaves prop firm The Trading Pit
Cyprus based executive Themis Christou has announced that he has left his position as Chief Marketing Officer (CMO) of prop trading firm The Trading Pit. His departure comes soon after The Trading Pit co-founder Christoph Radecker, and Thomas Heyden, who served as CEO...
ICE Futures denies Excelia Investments access to all Exchange markets
On May 28, 2024, the Chief Regulatory Officer of ICE Futures U.S.’ Market Regulation Department summarily denied Anthony Scigliano and his firm, Excelia Investments Limited direct and indirect access to all Exchange markets and the Exchange’s electronic trading system...
Set for a major rebound? :: InvestMacro
Cotton ↑ 7% month-to-dateHeaded for first ↑ month since FebOver 20% away from 2024 highH4 prices bullish but RSI overboughtTechnical levels – 83.90, 81.50, 79.50FXTM’s new Cotton commodity could be set for a major rebound after ending last week on a firmly positive...
Stifel, Marex announce prime brokerage referral partnership
Stifel Financial Corp. (NYSE:SF) today announced it has entered into a prime brokerage services referral partnership with Marex Group plc (NASDAQ:MRX), a global diversified financial services platform to allow both firms’ broker-dealer affiliates to better service...
Gold prices edge towards $2351 amid weakening US Dollar :: InvestMacro
By RoboForex Analytical DepartmentGold prices are on an upward trajectory, moving towards 2351.00 USD per troy ounce on Tuesday. This marks a significant rise after days of sideways movement, highlighting the metal’s renewed appeal among investors.This surge in gold...
FCA confirms Intelligent Money’s entry into administration
Intelligent Money Ltd is a self-invested personal pension (SIPP) operator authorised and regulated by the UK Financial Conduct Authority (FCA). On 28 May 2024, the directors of Intelligent Money appointed Richard Heis and Edward Boyle of Interpath Advisory as joint...
Oil rises moderately ahead of OPEC+ meeting. ECB plans to cut interest rates next week :: InvestMacro
By JustMarketsUS stock indices were not traded yesterday due to the Memorial Day holiday.Equity markets in Europe mostly went up yesterday. The German DAX (DE40) rose by 0.44%, the French CAC 40 (FR40) closed with a 0.46% gain, the Spanish IBEX 35 (ES35) added 0.71%,...
IOSCO Board elects Jean-Paul Servais as Chair for a further term
The Board of global security regulator umbrella group IOSCO has announced the re-election of Jean-Paul Servais as its Chair for a further two-year term. Jean-Paul Servais also serves as Chair of IOSCO’s European Regional Committee (ERC) and of Belgium’s Financial...
CySEC to launch its Regulatory Sandbox
Recognizing the rapid evolution of financial, regulatory and supervisory technology, the Cyprus Securities and Exchange Commission (CySEC) today announced the establishment of its Regulatory Sandbox, which constitutes the evolution of its Innovation Hub. The...
Commerzbank completes FX migration to Murex’s MX.3 Platform
Frankfurt based banking and finance company Commerzbank (FRA:CBK) has announced that it has completed a strategic migration and simplification of its global FX, FX derivatives, equities and commodities activity, streamlining trading and risk in Murex’s integrated MX.3...
Australian regulator imposes additional licence conditions on Mercer Super
The Australian Prudential Regulation Authority (APRA) has imposed additional licence conditions on Mercer Superannuation (Australia) Limited (Mercer Super) to ensure it addresses risk management and compliance management deficiencies identified by APRA. Mercer Super...
Nasdaq, FIA Tech collaborate to increase resiliency of post trade infrastructure
Nasdaq (NASDAQ:NDAQ) and FIA Tech today announced they will partner to help reduce the complexity of post trade data processing across the exchange traded derivative market. Nasdaq will integrate its strategic clearing platform, Nasdaq Real-Time Clearing, into FIA...
Dirk Loscher to succeed Stephanie Eckermann as CEO of Clearstream Banking
Following the appointment of Stephanie Eckermann to the Executive Board of Deutsche Börse AG and her broadened responsibility, the Supervisory Board of Clearstream Banking AG has made changes to the Executive Board. As of 1 June 2024, Dirk Loscher will be appointed as...
