Economy
European indices set new price highs. PBoC cut the rate on 5-year loans :: InvestMacro
By JustMarketsDue to a bank holiday, the US stock market was not trading on Monday.Equity markets in Europe were mostly up yesterday. Germany’s DAX (DE40) lost 0.15%, France’s CAC 40 (FR40) gained 0.01% yesterday, Spain’s IBEX 35 (ES35) jumped by 0.59% on Monday, and...
JonesTrading deploys FlexOMS for its equities and electronic trading businesses
FlexTrade Systems and JonesTrading today announced the successful deployment of FlexOMS as the new sell-side trading platform for its equities and electronic trading businesses. The solution will also be the full-service technology platform for JonesTrading’s growing...
CME Group to launch Micro Euro-denominated Bitcoin and Ether futures
International derivatives marketplace CME Group today announced it plans to further expand its cryptocurrency derivatives offering with the addition of Micro Bitcoin Euro and Micro Ether Euro futures on March 18, pending regulatory review. “Global investors have...
Stax Payments names Mark Sundt its CTO
Payment technology provider Stax Payments has appointed Mark Sundt as Chief Technology Officer. Mr Sundt brings more than 30 years of expertise as a technology leader to his new role, with a deep background in payments and transforming businesses with groundbreaking...
Capital One to acquire Discover for $35.3bn
Capital One Financial Corporation (NYSE:COF) and Discover Financial Services (NYSE:DFS) have entered into a definitive agreement under which Capital One will acquire Discover in an all-stock transaction valued at $35.3 billion. Under the terms of the agreement,...
ASX announces A$275M notes issue
ASX today priced its inaugural notes issue, an A$275 million issue of floating rate, unsecured medium term notes under its newly established Medium Term Notes Programme dated 18 August 2023. The Notes have a coupon of 3 month BBSW + 93bps, were priced at par and...
TerraPay appoints Ruben Salazar Genovez as President
TerraPay today announced the appointment of Ruben Salazar Genovez, recently the Global Head of Visa Direct, as President. As a seasoned veteran of the payments industry with experience at Visa, Citibank, Barclays and Mastercard, Mr Salazar Genovez has established...
Plus500 registers 13% Y/Y drop in revenues in 2023
Retail Forex and CFD broker Plus500 Ltd (LON:PLUS) today announced its preliminary unaudited results for the year ended 31 December 2023. Revenue in FY 2023 was $726.2m (FY 2022: $832.6m), comprising trading income of $674.3m and interest income of $51.9m. EBITDA for...
Guy Flintham pleads guilty to fraud
Today at Southwark Crown Court, Guy Flintham pleaded guilty to fraud, following a prosecution brought by the UK Financial Conduct Authority (FCA). Between January 2016 and November 2021, Mr Flintham, based in Blackburn, Lancashire, defrauded around 240 investors by...
HK SFC warns of suspicious investment products Free Guy, Gold Scalper and Gold Champ
The Securities and Futures Commission (SFC) of Hong Kong today warned the public of several suspicious investment products – namely, Free Guy, “Gold Scalper” and “Gold Champ”. These products involve automatic trading systems which invest in gold contracts for...
Prop firm Funding Pips adding Match-Trader, cTrader, DXtrade platforms to replace MT4/MT5
Following our report from last week that popular retail prop trading firm Funding Pips had ceased operations after MT4/MT5 developer MetaQuotes abruptly halted its services due to active US accounts, the company is indicating that it is in the process of adding a...
TradingView adds Herenya to list of integrated brokers
TradingView has expanded its list of integrated partners with one more valuable addition – Herenya, a CFD and stockbroker from South Africa focused on providing investors and traders with the support and all necessary features for successful trading. Established in...
Fiserv appoints Lance Fritz to BoD
Fiserv, Inc. (NYSE:FI), a global provider of payments and financial services technology, today announced the appointment of Lance Fritz to its board of directors. Fritz served as chairman, president and chief executive officer of Union Pacific Corporation from 2015...
Exclusive: Offshore CFDs broker OnEquity adds South Africa FSCA license
FNG Exclusive… FNG has learned that offshore Retail FX and CFDs broker OnEquity has added a South Africa FSCA license for its subsidiary OnEquity (Pty) Ltd. To date, OnEquity has operated via Seychelles domiciled OnEquity Ltd. Enver Snyders The company has also hired...
Finalto hires Saxo exec Daniel Leis as Sales Director
Leading institutional trading and liquidity services firm Finalto has announced the appointment of Daniel Leis as the company’s new Sales Director, a strategic move set to further enhance their position as a leader in innovative multi-asset trading and liquidity...
ASIC cancels licence of Valorton Capital
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services (AFS) licence of Valorton Capital Pty Ltd. The licence was cancelled because Valorton had not provided any financial services since the licence was granted on...
Monex plans to reappoint eight current directors and appoint three new directors
Monex Group, Inc. today announced that the Nominating Committee of the company has decided to propose the appointment of several candidates to the Board of Directors at the 20th Annual General Meeting of Shareholders scheduled to be held in June 2024. While the...
BidX Markets hires Liam Bonfield as CFO
Following our FNG Exclusive report from yesterday that longtime Valutrades CFO Liam Bonfield had left the company, FNG has learned that he has joined London based, FCA regulated multi-asset liquidity solutions provider BidX Markets as CFO. In his new role, Liam...
OANDA Japan apologises for delays in new account opening
OANDA Japan Inc, a subsidiary of online broker OANDA Corporation, has issued an apology regarding delays in certain procedures. The brokerage apologised regarding delays in new account opening and stock index CFD sub-account procedures. OANDA put the blame for the...
Weekly Speculator bets led by Cotton & Sugar :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday February 13th and shows a quick view of how large...
Speculator bets led by 2-Year Bonds & 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 February 13th and shows a quick view of how large...
FX Speculators push British Pound bullish bets to 25-week high :: InvestMacro
COT | Data | Leaders | What is COT? | Excel | COT DashboardHere are the latest links to our coverage of the Commitment of Traders data changes. Data updated through February 13th.The COT currency market speculator bets were slightly lower this week as five out of the...
FX Speculators push British Pound bullish bets to 25-week 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 February 13th and shows a quick view of how large market...
Exclusive: Liam Bonfield departs as Valutrades CFO
FNG Exclusive… FNG has learned that London based Retail FX and CFDs broker Valutrades has seen the departure of its longtime Chief Financial Officer (CFO), Liam Bonfield. Liam Bonfield joined Valutrades as CFO in 2016, after previously working at GMO Z.com and at...
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 February 13th and shows a quick view of how large traders...
Speculator bets led by S&P500 & MSCI EAFE :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday February 13th and shows a quick view of how large traders...
FX week in review: HYCM acquired, Prop trading firms scramble, OANDA patent suit thrown out
Once again, Retail FX and CFD trading industry news headlines this week were dominated by the prop trading firms, and the changing relationships between the props and the online brokers they use, as well as with the firms that create the trading platforms used by prop...
Mexican Peso, Dow, Corn & Palladium lead Bullish & Bearish Positions :: InvestMacro
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on February 13th.This weekly Extreme Positions report highlights the Most Bullish and Most...
CME suspends trader for nine months for engaging in disruptive practices
International derivatives marketplace CME Group has published a notice of disciplinary action against Adam Cobb-Webb. Pursuant to an offer of settlement in which Adam Cobb-Webb neither admitted nor denied the rule violations or factual allegations upon which the...
Former Goldman Sachs analyst sentenced to 22 months in prison for insider dealing and fraud
Following a sentencing hearing at Southwark Crown Court, Mohammed Zina, 35, was today sentenced to 22 months in prison for insider dealing and fraud. On 15 February 2024, Mohammed Zina was found guilty of six offences of insider dealing and three offences of fraud...
Eightcap says “business as usual”, remains excited for the future of prop industry
Australia based Retail FX and CFDs broker Eightcap has come out with a statement, saying that previous reports (including here on FNG) that it was cutting brokerage service to all prop trading firms is misleading. The statement (see full text below), issued on...
Van Eck Associates to pay $1.75M to settle SEC charges over failure to disclose influencer’s role in connection with ETF launch
The Securities and Exchange Commission (SEC) today announced that registered investment adviser Van Eck Associates Corporation has agreed to pay a $1.75 million civil penalty to settle charges that it failed to disclose a social media influencer’s role in the launch...
Exclusive: TRAction hires ex 1Market/UFX exec Melina Theodorou to head Legal
FNG Exclusive… FNG has learned that London and Australia based regtech company TRAction Fintech, which specializes in trade reporting solutions, has hired experienced FX industry executive Melina Theodorou as the company’s new Legal and Group Operations Executive. In...
FCA provides update on Avacade case
The UK Financial Conduct Authority (FCA) today provided an update on the Avacade case. In August 2020, following a trial, the High Court ordered illegal pension introducers Avacade, Alexandra Associates and their directors to pay £10,715,000 restitution to consumers....
ASX announces business rationalisation measures, to reduce use of contractors and consultants
ASX today announced business rationalisation. ASX Managing Director and CEO Helen Lofthouse said: “We’ve been working through a range of business rationalisation measures that are intended to unlock capacity for our highest priority areas while also laying the...
Interactive Brokers adds MultiSort Screeners and Option Lattice to IBKR Desktop platform
Electronic trading major Interactive Brokers continues to expand the capabilities of the recently launched IBKR Desktop platform. Version 0.07 of IBKR Desktop includes a raft of enhancements. MultiSort Screeners enables users to find and sort data using multiple...
Italy’s CONSOB orders blocking of access to five unauthorized investment websites
Italy’s Companies and Exchange Commission (CONSOB) has issued orders for the blocking of access to five unauthorized investment websites. In issuing the orders, the Authority availed itself of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law no....
Turkish c-bank grants operating license to Garanti Payment and Electronic Money Service
The Turkish central bank has granted Garanti BBVA an operating license for its new subsidiary, Garanti Payment and Electronic Money Service, Inc., effective February 15, 2024. The innovative new company will begin offering a selected group of customers a beta version...
Exclusive: HYCM control sold via management buyout
FNG Exclusive… FNG has learned that ownership of the Retail FX and CFDs brokerage brand HYCM is changing hands, in a management buyout that is still in process. Buying control of HYCM are Roger Bach and Stavros Lambouris, two longtime senior managers within the HYCM...
FSCS confirms nine firms declared in default in December 2023 and January 2024
Consumers could be in line for compensation, as the UK Financial Services Compensation Scheme (FSCS) has confirmed that the nine firms were declared in default in December 2023 and January 2024. The following firms have gone out of business and are unable to meet any...
NatWest appoints Paul Thwaite as Group CEO
The Board of NatWest Group plc has appointed Paul Thwaite as Group Chief Executive Officer and Executive Director with immediate effect. This follows his appointment on an initial 12-month basis in July 2023. Paul Thwaite, NatWest Group CEO said: “I want to thank the...
StoneX Group plans private offering of $550M of Senior Secured Notes due 2031
StoneX Group Inc. (NASDAQ:SNEX), owner of Forex brands such as FOREX.com and City Index, today announced that it intends to offer $550 million in aggregate principal amount of Senior Secured Notes due 2031. The Notes and the related Note guarantees will be offered in...
CFTC secures Court order against Erik J. Hass and his company Simply Gains
The Commodity Futures Trading Commission (CFTC) today announced that the U.S. District Court for the District of Oregon entered a consent order for permanent injunction, monetary sanctions, and equitable relief against defendants Erik J. Hass and his company Simply...
Exclusive: Eightcap cutting brokerage service to all prop trading firms
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Eightcap has informed its prop trading clients that it will be halting brokerage services for all prop trading firms, as of the end of February. The move by Eightcap comes as Cyprus based trading platform...
Euronext registers 10% drop in FX trading revenues in 2023
Pan-European market infrastructure Euronext today published its results for the fourth quarter and full year 2023. FX trading revenue was stable at €6.7 million in the final quarter of 2023 as higher volumes were offset by FX impact. On a like-for-like basis at...
Robinhood adds more assets to 24 Hour Market
Robinhood has expanded the total number of symbols available overnight in the US to 922. Using 24 Hour Market, traders can place limit orders to buy whole shares of some of the most traded ETFs and individual stocks 24 hours a day, five days a week. 24 Hour Market...
Australia’s labor market report is weak. Japan’s GDP unexpectedly contracted :: InvestMacro
By JustMarketsAt Wednesday’s close of the stock exchange, the Dow Jones Index (US30) rose by 0.40%. The S&P 500 Index (US500) was up 0.96%. The NASDAQ Technology Index (US100) closed positively at 1.30%.Chicago Fed Chairman Goolsbee stated yesterday that even if...
Former Goldman Sachs analyst found guilty of insider dealing and fraud
Mr Mohammed Zina was today found guilty of six offences of insider dealing and three offences of fraud following a 12-week trial at Southwark Crown Court brought by the UK Financial Conduct Authority (FCA). Between 2014 and December 2017, Mohammed Zina worked as an...
USDInd, Bitcoin & XAGUSD hit target prices :: InvestMacro
By ForexTime USDInd bulls bags over 350 index pointsBitcoin secures 2 out of 4 profit levelsSilver eyes 4th and final M15 profit targetCheck out these potential profits that you may have missed from our Daily Market Analysis.USDInd bullish breakoutAfter struggling for...
Court enforces investigative subpoenas against promoters of NovaTech crypto investment program
The Securities and Exchange Commission (SEC) announces that, on February 13, 2024, the U.S. District Court for the Northern District of Texas granted the SEC’s application to enforce a subpoena for production of documents issued to Dapilinu Dunbar and a subpoena for...
FCA discontinues criminal proceedings against former CEO and CFO of Globo plc
The UK Financial Conduct Authority (FCA) has withdrawn arrest warrants for Konstantinos Papadimitrakopoulos and Dimitris Gryparis, respectively the former chief executive and chief financial officer of Globo plc. In February 2019, the FCA obtained domestic and...
Options Technology appoints Marlena Efstratopoulou as Chief Information Security Officer
Options Technology today announced the appointment of Marlena Efstratopoulou as its new Chief Information Security Officer (CISO). Having previously served as Chief Risk Officer (CRO) and Chief Security Officer (CSO) at the company, Ms Efstratopoulou brings a wealth...
RoboMarkets upgrades web platform and R StocksTrader app
Retail FX and CFD broker RoboMarkets has rolled out a major update to R StocksTrader, an innovative web platform and mobile trading application. The company has made available over 940 new stocks, including well-known companies across various industries. The new...
Court dismisses OANDA’s patent infringement claims against StoneX
The Illinois Northern District Court has dismissed a patent infringement lawsuit brought by OANDA against StoneX. The relevant judgment was signed by the Honorable John J. Tharp, Jr on February 14, 2024. Plaintiff OANDA Corporation and defendant StoneX Group, Inc. are...
Prop trading firm Funding Pips halts services
Yet another prop trading firm popular with the retail trading crowd has halted operations, with Funding Pips (at website fundingpips.com) indicating that it too has been kneecapped by MetaQuotes. Following the recent service shutdowns experienced by Dubai based prop...
FCA requests Consumer Duty-related information from financial adviser firms
The UK Financial Conduct Authority (FCA) has written to a number of financial adviser firms requesting information about their delivery of ongoing services, for which their clients continue to be charged after advice has been given. In its survey, the FCA asks if...
FINRA fines Ceros Financial Services for deficiencies in supervision of business-related communications
Ceros Financial Services, Inc. has agreed to pay a fine of $75,000 as part of a settlement with the Financial Industry Regulatory Authority (FINRA). From January 2018 through June 2021, Ceros did not have a reasonable supervisory system for business-related...
Court denies EminiFX investors’ motion to intervene in CFTC action
The New York Southern District Court has denied motion by EminiFX investors to intervene in the lawsuit brought by the Commodity Futures Trading Commission (CFTC). Judge Valerie E. Caproni signed an order on February 14, 2024, siding with the CFTC as the regulator has...
IG Group adds TipRanks investor research tools
London based IG Group (LON:IGG), a global leader in online trading and investments, and investment research tools provider TipRanks have announced a new partnership, to enrich investment research for IG Group clients. This new collaboration gives IG Group’s clients...
Architect Financial Technologies closes $12M capital raise
Architect Financial Technologies, Inc, a provider of derivatives brokerage services and trading technology, has closed a $12 million capital raise. With the completion of the new round, the company has raised $17 million since its inception in January 2023. The round...
Straits Financial gets a slap on the wrist for CME rule violation
International derivatives marketplace CME Group has published a notice of summary action against Straits Financial LLC. During the period July 2022 through August 2023, Straits Financial LLC submitted incomplete large trader positions in several CME, CBT, NYMEX, and...
FIS, Banked partner to create new pay-by-bank solutions
FIS (NYSE:FIS) has entered a partnership with Banked, a provider of open banking solutions, to drive new pay-by-bank offerings for both businesses and consumers. Pay-by-bank solutions simplify payments by combining the benefits of real-time payment rails with the...
Bitcoin bulls ride off weekly support :: InvestMacro
By ForexTime Bitcoin bullish on D1/W1 timeframeStrong W1 support at 48412.28Prices firmly above H4 LWMA4 potential targets on the H4 timeframeBullish scenario invalidated below 47714.98Bitcoin has seen spectacular bullish action over the past two weeks.Prices are...
Robinhood posts Q4 profit of $30M as crypto trading returns
Shares US based neobroker Robinhood (NASDAQ:HOOD) were soaring in premarket trading on Wednesday, after the company reported better-than-expected results for Q4 and full year 2023. Robinhood actually turned in only its second profitable quarter ever in Q4 (the other...
The US inflation report strengthened the US dollar and affected the indices. Switzerland is seeing a sharp decline in inflation :: InvestMacro
By JustMarketsUS stocks fell sharply on Tuesday after releasing a sharper-than-expected inflation report. At Tuesday’s stock market close, the Dow Jones Index (US30) was down 1.35%. The S&P 500 index (US500) was down 1.37%. The NASDAQ Technology Index (US100)...
BGC Group reports 18.4% Y/Y rise in Q4 2023 revenues
BGC Group, Inc. (NASDAQ:BGC) today reported its financial results for the fourth quarter and full year ended December 31, 2023. BGC’s revenue grew by 18.4 percent to $516.8 million and represented its highest ever fourth quarter revenue performance. This growth was...
CME Group registers rise in revenues in Q4 2023
International derivatives marketplace CME Group Inc. (NASDAQ:CME) today reported financial results for the fourth quarter and full year of 2023. The company reported revenue of $1.4 billion, up from $1.2 billion a year earlier, and operating income of $863 million for...
Genesis Global launches web-based version of Trade Allocation Manager
Software application development platform Genesis Global today announced the launch of the web version of its multi-asset class middle-office solution, Trade Allocation Manager (TAM). TAM provides a robust foundation for operational efficiency and regulatory...
Clearstream, iCapital extend partnership to facilitate access to alternative investments
Post-trading services provider Clearstream is extending its partnership with fintech platform iCapital, driving the world’s alternative investment marketplace for the wealth management industry. The extended collaboration will significantly increase efficiencies and...
ESMA withdraws Euronext authorisation as data reporting service provider under MiFIR
The European Securities and Markets Authority (ESMA) has withdrawn the authorisation of Euronext Paris SA as a Data Reporting Service Provider (DRSP) under the Markets in Financial Instruments Regulation (MiFIR). Euronext was authorised as both an Approved Reporting...
CAPEX.com expands collaboration with brand ambassador Zach King
Retail FX and CFDs broker CAPEX.com has announced its latest collaboration with brand ambassador and social media sensation Zach King. Building on the success of its previous collaborations, CAPEX.com is introducing a new video featuring Zach King, aimed at empowering...
FCA stops over 10,000 misleading financial adverts and promotions in 2023
Over 10,000 financial adverts and other promotions were withdrawn or changed in 2023 following intervention from the UK Financial Conduct Authority (FCA), an increase of 17%, year-on-year. The FCA also published 2,285 alerts to help prevent consumers from losing their...
IG launches new video series titled “Technical cheat sheet”
Electronic trading major IG has launched a new video series titled “Technical cheat sheet“, where one of the top-traded markets is selected for an in-depth analysisof its technical aspects, including key indicators, an overview, levels, and strategies. IG examines the...
SEC obtains judgments against Beaxy Digital and Artak Hamazaspyan
The Securities and Exchange Commission (SEC) has secured default judgments against Beaxy Digital, Ltd and Artak Hamazaspyan. The relevant documents were signed by the Honorable LaShonda A. Hunt of the Illinois Northern District Court on February 13, 2024. Defendants...
Braces for breakout ahead of CPI :: InvestMacro
USDInd waits for fundamental sparkWatch out for US inflation reportDescending channel on H4 charts Key levels of interest at 104.31 & 104.00Possible breakout on horizon After struggling for direction over the last few days, the USDInd could be injected with fresh...
Funded Engineer delays relaunch, switches to broker Blueberry Markets
FNG Exclusive… FNG has learned that Dubai based prop trading firm Funded Engineer is delaying the relaunch of its services, after its software licenses were terminated by its tech provider FPFX Technologies last week. FNG has also learned that Funded Engineer – in...
Self-extinguishing batteries could reduce the risk of deadly and costly battery fires :: InvestMacro
By Apparao Rao, Clemson University and Bingan Lu, Hunan University In a newly published study, we describe our design for a self-extinguishing rechargeable battery. It replaces the most commonly used electrolyte, which is highly combustible – a medium composed of a...
Swissquote’s new website goes live
Swiss leader in online banking Swissquote has launched its new website. The website swissquote.com is offering a new design, navigation and numerous improvements to enhance Swissquote clients’ experience and keep bringing in the financial opportunities. Among the...
Could Market Bubble Lead To a New Gold Bull Market? :: InvestMacro
Could another bubble burst like the “Dotcom Bubble,” which helped usher in a decade-long gold bull market with extraordinary gains, be on its way? Surprisingly, some analysts and experts say there are similarities between then and now.Could another bubble burst like...
eToro introduces Vinter Bitcoin and Gold Index (VBOLD) Smart Portfolio
Online broker eToro introduces the Vinter Bitcoin and Gold Index (VBOLD) Smart Portfolio. Vinter is a Swedish crypto indices provider that pioneers innovative solutions in the digital asset space. Their indices are the first approved by the European Securities and...
Zero-Emission Hydrogen Vehicle Starts Trials in Wales :: InvestMacro
Source: Streetwise Reports (2/8/24)First Hydrogen Corp. announced it has started month-long trials of its hydrogen fuel-cell-powered light commercial vehicle (FCEV) with a utility company in Wales.First Hydrogen Corp. (FHYD:TSX; FHYDF:OTC; FIT:FSE) announced it has...
Sumsub launches Deepfake Detection feature in its Video Identification solution
Full-cycle verification platform Sumsub has launched a Deepfake Detection feature integrated into its Video Identification solution. Sumsub’s Deepfake Detection feature represents a significant leap forward in combating AI-driven identity fraud, particularly as fraud...
Ahead of the US CPI report, investors are liquidating long positions in equities :: InvestMacro
By JustMarkets At Monday’s stock market close, the Dow Jones (US30) index was up 0.33% and set a new all-time high. The S&P 500 index (US500) was down 0.10%. The NASDAQ Technology Index (US100) closed negative 0.30%. Ahead of the monthly US consumer price report,...
Cornerstone FS secures MSB license in Canada
Cornerstone FS plc (LON:CSFS), a foreign exchange and payments solutions company, today announced that it is now authorised to operate in Canada through the receipt of a Money Services Business (MSB) licence from the Financial Transactions and Reports Analysis Centre...
Driving the best possible bargain now isn’t the best long-term strategy, according to game theory :: InvestMacro
By Kate Vitasek, University of Tennessee Conventional wisdom says that you should never leave money on the table when negotiating. But research in my field suggests this could be exactly the wrong approach.There’s mounting evidence that a short-term win at the...
IG Japan adds FTSE Taiwan RIC Capped Index to offering
IG Securities, the Japanese subsidiary of electronic trading major IG Group, is adding stocks related to the FTSE Taiwan RIC Capped Index. The new offering aims to replace the instruments related to TAIEX, which IG Japan ceased offering in December 2023. The new...
Nasdaq expands risk platform into Asia with Thailand’s KKPS
US stock exchange operator Nasdaq (NASDAQ:NDAQ) has announced that it has secured the first client to adopt its Risk Platform in Asia, having signed a multi-year agreement with Kiatnakin Phatra Securities (KKPS), the largest institutional broker in Thailand. Nasdaq...
FCA bans and fines former director of London Capital & Finance
The UK Financial Conduct Authority (FCA) has fined a former director of London Capital & Finance plc (LCF) £31,800 and banned him from working in financial services. Floris Jakobus Huisamen was responsible for compliance at LCF but recklessly signed off hundreds...
CySEC announces withdrawal of ICF membership of Neo Premium Investments
The Cyprus Securities and Exchange Commission (CySEC) today announced that the Investors Compensation Fund (ICF) has withdrawn the ICF membership of Neo Premium Investments (NPI) Ltd. It is noted that, in accordance with paragraph 6(3) of the Directive, the loss of...
Tradefeedr and LSEG partner on FX Data Analytics
London based FX trading analytics company Tradefeedr and LSEG FX, have announced plans to enter into a strategic partnership to integrate Tradefeedr’s unified data APIs within the LSEG FX trading ecosystem, including LSEG’s leading venue FXall and flagship workflow...
SEC obtains judgment against Stock Squirrel CEO
The Securities and Exchange Commission (SEC) has obtained final judgments against John Feloni and his company Stock Squirrel, Inc. Among other things, the judgments order payment of over $2 million in disgorgement of ill-gotten gains, prejudgment interest, and civil...
Brent Crude Prices Edge Higher Amid Middle East Tensions :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil prices are currently hovering around $82.00 per barrel this Monday, with market sentiment influenced by recent developments in the Middle East. Although concerns over disruptions to energy supplies from the region have...
Finalto launches new podcast series ‘Overleveraged’
Overleveraged gives listeners a unique opportunity to be a fly on the wall for insider conversations on market movements and trends. This podcast dives deep into the pulsating heart of global macroeconomics. Explore insights into the most pressing developments and...
How are Oil Prices Impact by Wars, and What Can We Expect in 2024 :: InvestMacro
War can impact oil prices significantly, especially if one of the oil production companies is participating in such a war. Production and refining are critical elements of an oil infrastructure; those assets could be destroyed or slowed due to war activity. War can...
Dubai’s VARA grants Virtual Asset Service Provider license to Aquanow
Crypto infrastructure provider Aquanow today announced that it has been granted its Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). The license remains non-operational until the company fully satisfies all...
GBPUSD bears ready to strike? :: InvestMacro
Data heavy week for GBPUSDUK data dump set to influence PoundDollar volatility also on the cardsSignificant move on horizonKey levels of interest at 50 SMA and 200 SMAThis could be an eventful week for the GBPUSD due to key economic reports from both the UK and the...
SEC brings charges against participant in “free riding” scheme
The Securities and Exchange Commission (SEC) has filed a complaint against Travis Treusch in connection with a fraudulent “free riding” scheme. The complaint, filed with the New York Eastern District Court, alleges that from at least August 2020 through January 2022...
Geopolitical risks in the Middle East support crude oil prices. RBNZ intends to raise rates further :: InvestMacro
By JustMarkets As of Friday’s stock market close, the Dow Jones Index (US30) was down 0.14% (0.32% for the week). The S&P 500 Index (US500) decreased by 0.57% (1.40% weekly). The NASDAQ Technology Index (US100) closed positively at 1.25% (2.41% for the week)....
Trading Technologies expands into clearing tech, acquiring ATEO
Chicago based capital markets technology platform provider Trading Technologies has announced a definitive agreement to acquire Paris, France based company ATEO SAS, a leading provider of post-trade solutions for listed derivatives, expanding TT’s reach into clearing...
BNP Paribas Securities Corporation joins LCH CDSClear
LCH CDSClear today announced the expansion of its client clearing services to US credit derivatives market participants, offering greater access to the capital reduction, margin offsets and operational efficiencies available through clearing to more clients globally....
Visa extends digital wallet capabilities within Visa Commercial Pay
Visa (NYSE:V) announced extended digital wallet capabilities within Visa Commercial Pay, a suite of B2B payment solutions built in partnership with Conferma Pay, a provider of virtual payments technology, to revolutionize how businesses manage transactions globally....
Exclusive: Isabella Mannucci leaves Trade Nation for LaTAM BizDev position at ATC Brokers
FNG Exclusive… FNG has learned that experienced FX industry executive Isabella Mannucci has joined Retail FX and CFDs broker ATC Brokers, as the company’s new Head of Business Development LATAM. Isabella Mannucci joins ATC Brokers from Trade Nation, where she was in...
Clearstream, Quantalys Harvest Group partner on digital fund selection and portfolio modelling
Global post-trading services provider Clearstream and wealth technology platform Quantalys Harvest Group are offering a fund selection and portfolio modelling web tool, accessible to distributors through the Clearstream client web portal. The digital solution is a...
GCEX expands spot crypto liquidity via Crossover Markets’ CrossX ECN
GCEX, a regulated digital brokerage that enables brokers, funds and professional traders to access deep liquidity, has announced that it is partnering with Crossover Markets Group, Inc., a digital asset technology firm focused on meeting the unique liquidity...
Exclusive: ATFX MENA hires ThinkMarkets/Amana alum Aditya Singh as Director Institutional BD and Product
FNG Exclusive… FNG has learned that leading online brokerage group ATFX has hired experienced FX industry executive Aditya Singh as Director – Institutional Business Development and Product, for ATFX MENA. He will be based in Dubai for his new role at ATFX. Aditya...
FCA warns of Coinbase clone
The UK Financial Conduct Authority (FCA) warns that an unauthorised entity is abusing the name of crypto firm Coinbase. Fraudsters copy the details (name, address, logo, etc) of firms the FCA authorises to try and convince people that their firm is genuine. These...
Crypto Finance secures four BaFin licences in Germany
Crypto Finance AG, part of Deutsche Börse Group, has reached another milestone in its history. The FINMA-supervised provider of institutional-grade investment solutions, custody, and trading for digital assets has now secured four new licences from the German Federal...
FX week in review: Prop trading licenses yanked, CMC layoffs, XTB share sale, CEO changes
Before we get to this past week’s top stories, we’re pleased to report that FXNewsGroup.com saw yet another record month for visitors and pageviews in January – which has continued into February, and our best ever traffic week over the past seven days! Our #1 position...
IronFX CFO George Kyriakoudes departs
George Kyriakoudes, Chief Financial Officer (CFO) of Cyprus based Retail FX and CFDs broker IronFX, has announced on a social media post that he is leaving the company. George Kyriakoudes served as IronFX CFO for the past three years. Prior to joining IronFX in 2021,...
FCA cancels KBFS Financial’s permission to conduct regulated activities
The UK Financial Conduct Authority (FCA) has cancelled the Part 4A permission of KBFS Financial Limited. The firm was authorised by the FCA on 1 July 2019 and had a Part 4A permission to conduct the following regulated activities in relation to designated investment...
NY Attorney General expands lawsuit against Digital Currency Group
New York Attorney General Letitia James today filed an amended complaint, expanding the Office of the Attorney General’s (OAG) lawsuit against Digital Currency Group, Inc. (DCG), DCG’s CEO, Barry Silbert, and Genesis Global Capital, LLC and its affiliates’ (Genesis)...
SEC orders 16 firms to pay $81M in total to settle charges for recordkeeping failures
The Securities and Exchange Commission (SEC) today announced charges against five broker-dealers, seven dually registered broker-dealers and investment advisers, and four affiliated investment advisers for widespread and longstanding failures by the firms and their...
US500 set to conquer 5000 milestone? :: InvestMacro
Note: This report was published before the US CPI revisions.Index could be influenced by US CPIWatch out for Fed speeches + retail salesBulls remain in control on D1/W1 timeframeKeep eye on key 5000 levelThe US500, which tracks the benchmark S&P500 index is up...
Erin Mansfield and Cecilia Mao join BoD of Cboe Global Markets
Derivatives and securities exchange network Cboe Global Markets, Inc today announced its Board of Directors elected Erin Mansfield, former Managing Director, Global Head of Regulatory Relations and Policy at Barclays, and Cecilia Mao, Global Chief Product Officer at...
RBNZ returns to a hawkish tone. Oil rises on Israeli PM Netanyahu’s rejection of a ceasefire :: InvestMacro
By JustMarketsThe Dow Jones Index (US30) was up 0.13% at yesterday’s stock market close. The S&P 500 index (US500) added 0.06%. The NASDAQ Technology Index (US100) closed positively by 0.24%. On Thursday, stock indices rose slightly due to strong corporate...
ASIC cancels AFS license of Brava Capital
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services licence (AFSL) held by Sydney-based Brava Capital Pty Ltd, previously known as Dayton Way Securities Pty Ltd between 2010 and August 2023. The licence...
FCA issues update on LFS scheme of arrangement
The UK Financial Conduct Authority (FCA) has issued an update on the Link Fund Solutions (LFS) scheme of arrangement. The Court has decided to approve the scheme. LFS expect to start making payments to scheme creditors as soon as possible, if there is no appeal of the...
Australian Court finds Block Earner engaged in unlicensed financial services conduct
The Australian Federal Court has found fintech company Block Earner engaged in unlicensed financial services conduct when offering its crypto-backed Earner product. From March 2022 to November 2022, Block Earner offered consumers the Earner product which allowed them...
HKEX confirms appointment of Bonnie Chan as CEO
The Board of Hong Kong Exchanges and Clearing Limited (HKEX) today confirmed the appointment of Ms Chan Yiting, Bonnie as Chief Executive of HKEX, effective 1 March 2024. In December 2023, HKEX announced that Alejandro Nicolas Aguzin will not seek reappointment as...
Finalto Asia Celebrates Lunar New Year with Prosperity and Innovation
Finalto Asia, a leading financial technology company, is excited to usher in the Lunar New Year with a spirit of prosperity, growth, and innovation. As the world embraces the Year of the Dragon, Finalto Asia is poised to continue its commitment to providing...
HK authorities warn public of MEXC for suspected virtual asset-related fraud
Hong Kong’s Securities and Futures Commission (SFC) and the Police today warned the public of a suspected fraud involving an entity purporting to be a virtual asset trading platform (VATP) and operating under the name of “MEXC”. MEXC claimed to be a VATP and operates...
Barclays to acquire Tesco’s retail banking business
Barclays today announced that Barclays Bank UK PLC has entered into an agreement to acquire the retail banking business of Tesco and enter into an exclusive long-term partnership to offer Tesco branded credit cards, personal loans and deposits. Tesco’s retail banking...
Revolutionising Partnership and Affiliate Marketing in Financial Trading :: InvestMacro
Belize City, Belize (7 February 2024) – RoboForex, a company that offers brokerage services in financial markets, announced the launch of its innovative Infinity Program, marking a significant evolution of its existing Partner Programs. Infinity provides partners with...
NFA permanently bars Bit5ive Mining Fund Advisor from membership
The United States National Futures Association (NFA) has permanently barred Bit5ive Mining Fund Advisor, LLC, an NFA Member commodity pool operator (CPO) located in Doral, Florida, from NFA membership and from acting or being listed as a principal of an NFA Member....
CySEC reaches €200k settlement with Fintailor Investments
The Cyprus Securities and Exchange Commission (CySEC) today announced a settlement agreement with Cyprus investment firm (CIF) Fintailor Investments Ltd. The settlement covers possible violations of the Prevention and Suppression of Money Laundering and Terrorist...
Admirals confirms CEO and Cyprus office head management departures
Following our FNG Exclusive report from mid January that Estonia based Retail FX and CFDs broker Admirals was set to make some drastic changes to senior management – including the departure of longtime CEO Sergei Bogatenkov as well as the company’s Executive Director...
CySEC withdraws CIF authorisation of Leverate Financial Services
The Cyprus Securities and Exchange Commission (CySEC) today announced the withdrawal of the Cyprus investment firm (CIF) license of Leverate Financial Services Ltd. The decision for the license withdrawal was made at the CySEC meeting held on December 4, 2023. The...
Exness CCO Damian Bunce departs
Exness’ Chief Customer Officer (CCO) Damian Bunce has announced on social media that he is leaving the company at the end of the month. We understand that his decision was (in part) due to a decision to leave Cyprus and move back to London. Damian Bunce joined Exness...
Italy’s CONSOB orders blocking of access to websites of FX Future Trading and FCapital24
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to six new unauthorised investment websites. Of these six websites, five are illegal financial intermediation websites and one is a website through which an offer of financial...
State Street expands Fund Connect ETF portal via upgrades to its API
State Street Corporation (NYSE:STT) today announced the expansion of its Fund Connect ETF portal via upgrades to its Application Protocol Interface (API), now offering coverage to all clients globally including Europe and the APAC region. Fund Connect ETF APIs have...
IG Group, Aichi International Arena and AEG announce partnership for new arena in Japan
Electronic trading major IG Group, the Aichi International Arena Company, Ltd., and AEG today announced a 10-year naming rights partnership for the new 17,000-seat arena under construction in Nagoya, Japan. The multi-year agreement, marks one of the largest naming...
Nasdaq Private Market closes $62.4M Series B financing, led by Nasdaq
Nasdaq Private Market (NPM), a leading provider of liquidity solutions to private companies, their employees, and investors, announced today that it has closed its Series B financing. The $62.4 million round was led by Nasdaq with participation from current investors...
ICE reports 25% Y/Y rise in revenues in Q4 2023
Intercontinental Exchange (NYSE:ICE) today reported financial results for the fourth quarter and full year of 2023. For the quarter ended December 31, 2023, consolidated net income attributable to ICE was $373 million on $2.2 billion of consolidated revenues less...
FPFX terminates license of prop trading firm Funded Engineer over alleged fraud scheme
Boca Raton, Florida based prop trading technology firm FPFX Technologies has announced that it has terminated the license of its client, Dubai based prop trading firm Funded Engineer (at website fundedengineer.com), over an apparent scheme to defraud FPFX Tech and...
FCA issues 2,286 warnings about possible scams in 2023
The UK Financial Conduct Authority (FCA) issued a total of 2,286 warnings about possible scams in 2023. The number of warnings issued last year marks an increase of 21% from 1,882 in 2022. The warnings are alerting consumers that firms and individuals on the FCA...
Deutsche Börse posts 17% increase in revenue in 2023
Deutsche Börse has published a set of strong financial metrics for 2023. Net revenue increased to €5,076.6 million in financial year 2023 (2022: €4,337.6 million). The net revenue increase of 17 per cent consisted partly of around 5 per cent secular growth, which...
Vantage Markets extends partnership with NEOM McLaren Extreme E Team
Global multi-asset broker Vantage Markets today announce the continuation of its partnership with the NEOM McLaren Extreme E Team for the third consecutive year. Extreme E, an off-road racing series with the mission to raise awareness on environmental issues and...
Bloomberg launches automated electronic workflow for trading EUR IRS v Bond Future contracts through Eurex
Bloomberg today announced the launch of a fully automated electronic workflow for the trading and reporting of EUR Interest Rate Swap (IRS) v Bond Future contracts through Eurex. This new end-to-end workflow allows sell-side participants acting as executing brokers to...
SEC obtains judgments against promoters of CoinDeal scheme
On February 7, 2024, the Illinois Northern District Court entered final judgments on all claims against two CoinDeal promoters, Arline Woodbury of Ridgewood, New Jersey and Joyce Holverson of River Forest, Illinois. The SEC’s complaint alleged that Woodbury and...
Travelex registers 24% increase in FY23 revenues
Global travel money services business Travelex International Group today announced its full-year results for the year ended 31 December 2023. The Group reported underlying EBITDA of £58.8 million, representing £35.8 million or 156% growth on 2022 (£61.3 million, up...
London Stock Exchange to re-enable RFQ functionality on Feb 12, 2024
The London Stock Exchange RFQ functionality will be re-enabled on Monday 12 February 2024. Let’s recall that LSE confirmed an incident occurred on October 19, 2023. At 15:11 BST on Thursday 19 October, all instruments on Partition 3 (of 3) of the LSE Order Book...
Citi announces launch of FIX API connectivity on Advanced Citi ETF System
Citi Securities Services announces the launch of Financial Information eXchange (FIX) API connectivity on Advanced Citi ETF System (ACES)– the bank’s online, global ETF portal that fully automates the entire ETF process. Borne out of a successful client pilot, the new...
Exclusive: Capital Index CEO Trevor Barwell resigns
FNG Exclusive… FNG has learned that Trevor Barwell has resigned his position as CEO of FCA regulated CFDs, Financial Spread Betting and Spread Trading online broker Capital Index, and has left the company. Trevor Barwell was promoted to the position of CEO (or more...
FOMC officials remain hawkish. Bank of Canada will hold rates longer than the market expects :: InvestMacro
By JustMarkets At yesterday’s stock market close, the Dow Jones Index (US30) was up 0.37%. The S&P 500 index (US500) added 0.23% yesterday. The NASDAQ Technology Index (US100) closed positively by 0.07%. The broad market posted moderate gains on Tuesday on the...
MoneyGram announces four appointments to senior management team
MoneyGram International, Inc, a leading global financial technology company, today announced four strategic appointments to its senior management team, responsible for the acceleration of the Company’s global digital strategy. These new leaders will partner closely...
US30 aiming for new all-time highs? :: InvestMacro
US30 trapped within rangeIndex could see increased volatilityRSI signals negative divergencePotential breakout on horizon Key level of interest at 38792 The US30 which tracks the benchmark Dow Jones Industrial Average remains trapped within a 520 pip range on the...
Nuvei launches enhanced omnichannel payments solution for merchants and platforms
Canadian fintech company Nuvei Corporation (TSX:NVEI) announces today that it is launching its enhanced omnichannel payments solution for merchants and platforms. Nuvei’s unified commerce offering, which is now available to customers operating outside of North America...
Australian Court orders Brite Advisors be wound up
Australia’s Federal Court has ordered Brite Advisors Pty Ltd be wound up on just and equitable grounds following an application by ASIC. At a hearing on 6 February 2024, the Court appointed Linda Smith and Robert Kirman of McGrath Nicol as liquidators to Brite and as...
AstroPay partners with MetaTrader 5 Payments
Fintech company MetaQuotes today announced that payment provider AstroPay has partnered with MetaTrader 5 Payments. Along with the other PSPs already available, AstroPay now caters to brokers within the trading platform. The provider ensures secure protection of all...
Eurex to expand its TRF segment through cooperation with MSCI
Eurex is extending its Total Return Futures (TRF) segment through a cooperation with MSCI, a leading provider of essential decision tools and services to the global investment community. Effective 11 March 2024, the derivatives arm of Deutsche Börse Group plans to...
StoneX registers 53% Y/Y increase in revenues from FX/CFD contracts in Q1 FY24
StoneX Group Inc. (NASDAQ:SNEX), the owner of Forex brands such as FOREX.com and City Index, has published its financial results for the fiscal year 2024 first quarter ended December 31, 2023. Operating revenues derived from FX/CFD contracts increased $25.8 million,...
Exclusive: Prop trading firm The Trading Pit sees departure of CTO Prodromos Efthymiou
FNG Exclusive… FNG has learned that Prodromos Efthymiou, one of the architects of Cyprus based prop trading firm The Trading Pit, has left the company. Prodromos Efthymiou had served as The Trading Pit’s Chief Technology Officer (CTO) since the company’s founding, in...
UBS announces launch of HK investment-grade tokenized warrant on Ethereum network
UBS AG announced today the launch of Hong Kong’s first-ever investment-grade tokenized warrant on the Ethereum public blockchain network. This innovative product utilizes the on-chain issuance product framework offered by UBS Tokenize, the bank’s in-house tokenization...
FINRA fines Goldman Sachs for alleged rule violations
The Financial Industry Regulatory Authority (FINRA) has fined Goldman Sachs & Co. LLC for alleged rule violations. Between February 2009 and mid-April 2023, Goldman failed to include warrants, rights, units, and certain OTC equity securities in nine surveillance...
Alison Platt assumes role of Hargreaves Lansdown Board Chair
Following regulatory approval of Alison Platt, the Board of Hargreaves Lansdown announces her appointment to role of Chair of the Board and as a Non-Executive Director of HL with effect from February 6, 2024. Alison Platt Alison Platt has extensive leadership...
CME Group to launch U.S. Corporate Bond Index futures
International derivatives marketplace CME Group today announced that its interest rate complex will expand in summer 2024 with the launch of U.S. Corporate Bond Index futures, pending regulatory review. The new futures contracts will be based on the Bloomberg U.S....
Webull launches in Brazil – FX News Group
Webull Corporation today announced its launch into the Brazilian market. With over seven years of global market experience and brokerage services in ten other countries, Webull will offer Brazilian investors a new option and approach for accessing the stocks, ETFs,...
Ouinex integrates Crossover Markets’ crypto ECN technology CROSSx
France based crypto trading platform Ouinex has announced a strategic partnership with crypto trading technology provider and digital asset ECN operator Crossover Markets. Ouinex will integrate Crossover’s cutting-edge electronic communication network (ECN)...
Exclusive: Prop trading firm True Forex Funds shut down by MetaQuotes move
FNG Exclusive… FNG has learned that Hungary based online prop trading firm True Forex Funds has ceased operating, at least temporarily, after MT4 / MT5 operator MetaQuotes terminated its trading platform licenses. True Forex Funds becomes the second known name in the...
RBA keeps rates unchanged but maintain a hawkish attitude :: InvestMacro
By JustMarketsAt the close of the stock market yesterday, the Dow Jones Index (US30) decreased by 0.71%. The S&P 500 Index (US500) was down by 0.32%. The NASDAQ Technology Index (US100) closed negative by 0.20%. Stocks came under pressure on Monday as bond yields...
ESMA withdraws EU recognition of Dubai Commodities Clearing Corporation (DCCC)
Pan European financial regulatory oversight body European Securities and Markets Authority (ESMA) has announced that the Joint Board of Appeal of the European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) unanimously decided to dismiss the appeal brought by...
Crude bulls lean on 71.99 weekly support :: InvestMacro
By ForexTime Crude oil bullish on W1 timeframeStrong support level found at 71.99Stochastic Oscillator bullish 4 potential targets on H4 timeframe Bullish scenario invalidated below 71.39Crude oil prices dropped like a rock last week as a correction wave in the...
NovoPayment teams up with Mastercard to grow footprint in Mexico
NovoPayment, a mission-critical financial and payments infrastructure provider, announced today that it has received Mastercard certification, as part of the Mastercard Network Enablement Partner program, to switch and process Mastercard transactions in Mexico. The...
Tradeweb posts 26.3% Y/Y increase in revenues in Q4 2023
Tradeweb Markets Inc. (NASDAQ:TW), a global operator of electronic marketplaces for rates, credit, equities and money markets, today reported financial results for the fourth quarter and full year ended December 31, 2023. The company reported $370.0 million in...
Beeks Financial Cloud registers revenue growth of over 25% in H1 FY24
Beeks Financial Cloud Group plc (LON:BKS), a cloud computing and connectivity provider for financial markets, today announced the signing of a multi-million-dollar, multi-year expansion contract for its Proximity Cloud offering, a new win with its Exchange Cloud...
ESMA sets requirements when posting investment recommendations on social media
The European Securities and Markets Authority (ESMA) and the respective National Competent Authorities in EU countries have announced that they are raising awareness of requirements established by the Market Abuse Regulation (MAR) which apply when posting investment...
CME fines trader for rule violations
International derivatives marketplace CME Group has published a notice of disciplinary action against David Hall. Pursuant to an offer of settlement in which David Hall neither admitted nor denied the rule violations or factual findings upon which the penalty is...
Exclusive: Jakub Zablocki cashes out $119 million in XTB shares after all-time high hit
FNG Exclusive… FNG has learned via regulatory filings made in Poland that Warsaw based Retail FX and CFDs broker XTB SA (WSE:XTB) has seen its co-founder and controlling shareholder Jakub Zablocki monetize more of his holdings in the company, taking his ownership in...
HK regulator bans former licensed reps of Nerico Brothers for five years
Hong Kong’s Securities and Futures Commission (SFC) has banned Mr Lam Ching Chiu and Mr Wong Siu Fung, both former licensed representatives of Nerico Brothers Limited, from re-entering the industry for five years. The ban will last from 6 February 2024 to 5 February...
Cboe Silexx unveils series of enhancements as part of version 24.1
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 24.1. Vertically Reduce Order Ticket to Save Screen Space The minimum height requirement has been...
Eurex launches Mid-Curve Options on EURO STOXX 50 Index Dividend Futures
Eurex is expanding its dividend derivatives offering with the introduction of Mid-Curve Options on EURO STOXX 50 Index Dividend Futures as of 5 February 2024. Mid-Curve Options on index dividend futures, currently only available as an OTC product, can now be traded at...
Exclusive: Saxo UK CEO Charles White-Thomson resigns
FNG Exclusive… FNG has learned that Charles White-Thomson has resigned his position as CEO of Saxo Bank UK, and left the company. He has also stepped off of the Board of Directors of Saxo Capital Markets UK Ltd, formally the FCA regulated entity which operates the...
Understanding Meta’s 0.4% Yield and Its Growth Potential :: InvestMacro
By Ino.com | Source: Understanding Meta’s 0.4% Yield and Its Growth PotentialDividend-loving investors worldwide woke up with exciting news on Friday, as Facebook parent Meta Platforms, Inc. (META) announced its first-ever quarterly dividend and authorized a $50...
Exclusive: Paul Anderson joins Velocity Trade as SVP Institutional Sales
FNG Exclusive… FNG has learned that FX and finance industry veteran Paul Anderson has joined Velocity Trade, as Senior Vice President Institutional Sales. He will be based in Geneva for his new role at Velocity Trade. Paul Anderson joins Velocity Trade after spending...
AUDUSD bears to keep upper hand? :: InvestMacro
AUD down against most G10 YTDRBA decision + US data in focusAUDUSD bearish on D1 chartStrong USD could spell more painKey level of interest at 0.6550The past few weeks have certainly been rough and rocky for the Australian dollar!It has weakened against almost every...
Exclusive: Mohamed Elsergany returns to PU Prime as MENA CEO
FNG Exclusive… FNG has learned that offshore CFDs broker PU Prime has hired Cairo based executive Mohamed Elsergany as MENA CEO. Mohamed Elsergany had previously (2021-2022) served as Managing Director MENA for PU Prime, leaving to become MENA CEO and Global CMO for...
USD Strengthens Following Strong Employment Data :: InvestMacro
By RoboForex Analytical DepartmentThe US dollar has seen a significant increase in strength against the Euro, with the EUR/USD pair falling to 1.0770 by Monday morning. This movement is largely attributed to the recent release of robust employment sector reports in...
G.H. Financials to pay $150k fine for CME rule violations
International derivatives marketplace CME Group has issued a notice of disciplinary action against G.H. Financials, LLC. Pursuant to an offer of settlement in which G.H. Financials, LLC neither admitted nor denied the alleged rule violations,a Panel of the Chicago...
Powell promises that the US Fed will move slower than the market expects. Tensions persist in the Middle East :: InvestMacro
By JustMarketsAs of Thursday’s stock market close, the Dow Jones Index (US30) was up by 0.35% (+1.41% for the week). The S&P 500 Index (US500) added 1.07% yesterday (+1.34% for the week). The NASDAQ Technology Index (US100) closed positive by 1.74% (+1.02% for the...
BNY Mellon, Microsoft partner to expand capital markets data & analytics platform
BNY Mellon (NYSE:BK) and Microsoft are joining forces to transform capital markets and the broader financial services industry. Using Microsoft Azure cloud and BNY Mellon’s extensive financial data and analytics capabilities the platform will provide BNY Mellon’s buy...
Finalto Asia partners with Centroid on trading connectivity
Finalto Asia has announced a new strategic partnership with Centroid Solutions, a leader in advanced trading technology and infrastructure solutions. The parties said that these collaborative steps signify a reinforcement of Finalto Asia’s commitment to expanding its...
Exclusive: FXCM Cyprus hires Constantina Koniali from Markets.com as Compliance Officer
FNG Exclusive… FNG has learned that Constantina Koniali has joined Stratos Europe Ltd, the CySEC licensed entity formerly known as FXCM EU Ltd which operates the FXCM Retail FX and CFDs brand in Europe, as Compliance Officer and AMLCO (Anti-Money Laundering Compliance...
CME fines Tower Research Capital Investments for adversely impacting orderly conduct of futures trading
International derivatives marketplace CME Group has posted a notice of disciplinary action against Tower Research Capital Investments LLC. Pursuant to an offer of settlement in which Tower neither admitted nor denied the rule violations, a Panel of the Chicago Board...
Nium obtains in principle approval from RBI for two payment licences
Provider of real-time payments Nium has received in principle approval from the Reserve Bank of India for two prestigious payment licences – the Prepaid Payment Instrument (PPI) Licence and the Payment Aggregator (PA) Licence. The two licences will allow the global...
McLaren Racing selects Airwallex as official partner
Airwallex, a leading global payments and financial platform for modern businesses, today announced a multi-year partnership with the McLaren Formula 1 team, one of the sport’s most iconic brands. As an Official Partner, Airwallex will support McLaren’s global...
Saxo Bank sees FX trading volumes down, Equities up in slow January 2024
Following a decline in trading volumes over the last two months of 2023, Copenhagen based Retail FX and CFDs broker Saxo Bank saw the slow activity continue into 2024, with January trading volumes totaling $375.5 billion (versus a 2023 monthly average of $399 billion...
HK regulator urges investors to check status of virtual asset trading platforms
Hong Kong’s Securities and Futures Commission (SFC) reminds investors to trade virtual assets only on SFC-licensed virtual asset trading platforms (VATPs). If they are not certain about the regulatory status of the VATP they are currently dealing with, they can check...
CMC Markets to reduce global headcount by 200 positions
CMC Markets Plc (LON:CMCX), a leading global provider of online retail and institutional platform technology, today issued an update on its cost reduction and efficiency plans. In its interim results announcement on 16 November 2023, CMC indicated that the business...
Japanese Yen Speculators add to their bearish bets as yen falls :: InvestMacro
COT | Data | Leaders | What is COT? | Excel | COT DashboardHere are the latest links to our coverage of the Commitment of Traders data changes. Data updated through January 30th.The COT currency market speculator bets were higher this week as six out of the eleven...
Japanese Yen Speculators add to their bearish bets as yen falls :: 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 January 30th and shows a quick view of how large market...
Speculator bets led by 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 January 30th and shows a quick view of how large traders...
Exclusive: Mohanad Yakout returns to offshore CFDs broker PU Prime as Chief Markets Analyst
FNG Exclusive… FNG has learned that veteran Dubai based FX industry analyst Mohanad Yakout has joined offshore Retail FX and CFDs broker PU Prime, as Chief Markets Analyst. Mohanad Yakout joins PU Prime, domiciled in Seychelles but operated from several locations...
FX week in review: Exness (and TeraFX) rebrand, email marketing changes, ConnextFX launch
Retail FX and CFD broker rebrandings (and a new broker launch) headlined industry news over the past week, alongside yet another long list of senior executive moves among both B2C and B2B operators. And virtually all of the big stories were reported first or...
Speculator bets led by Lean Hogs & Live Cattle :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday January 30th and shows a quick view of how large...
Speculator bets led by Nasdaq & 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 January 30th and shows a quick view of how large traders...
Speculator bets led 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 January 30th and shows a quick view of how large...
DowJones, Nasdaq, Soybeans & Corn lead Bullish & Bearish Positions :: InvestMacro
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on January 30th.This weekly Extreme Positions report highlights the Most Bullish and Most...
TradingView adds Institutional Stock Exchange (BIVA) to lineup of data sources
TradingView has added another valuable data source – Mexico’s Institutional Stock Exchange, to the platform. BIVA commenced operations in 2018, and from the beginning, set a goal of contributing to the growth of the stock exchange landscape. Through a commitment to...
the policy fixes that could help :: InvestMacro
By Jonathan Munemo, Salisbury University Highly indebted African countries are facing stark trade-offs between servicing expensive debt, supporting high and growing development needs, and stabilising domestic currencies.Government debt has risen in at least 40 African...
LME Clear announces management changes
LME Clear has announced the appointments of Chris Jones as Chief Operating Officer (COO), Matt Wade as Chief Risk Officer (CRO), and Paul Kirkwood as Head of Clearing Risk. The appointments are effective immediately, with the COO and CRO roles subject to regulatory...
Gold set for potentially volatile week :: InvestMacro
Big week ahead for gold due to risk-eventsWatch out for geopolitical developmentsReal shaker could be US CPI revisionsBulls back in action D1 chartBloomberg model: 74% chance XAUUSD trades within the $2019.23 – $2095.58Even as anticipation mounts ahead of the US jobs...
Cboe registers 12% Y/Y increase in global FX revenues in Q4 2023
Cboe Global Markets, Inc. today reported financial results for the fourth quarter of 2023 and full year. Global FX net revenue of $18.9 million increased 12% from the year-ago quarter, primarily due to higher net transaction and clearing fees. ADNV traded on the Cboe...
Institutional FX trading volumes rise 4% in January to start off 2024
Institutional FX trading got off to a good start in 2024, with January average daily trading volumes at leading eFX ECNs rising by more than 4% MoM over what was a fairly strong December. Three of the four ECNs surveyed by FNG – FXSpotStream, 360T, and EuronextFX –...
OANDA to further amend its patent infringement contentions in lawsuit against GAIN Capital
The patent infringement lawsuit brought by OANDA against GAIN Capital is far from over. Earlier this week, the brokers submitted a joint letter at the New Jersey District Court, providing an update on the latest developments in this lawsuit. The parties have recently...
France’s AMF reminds investment firms of rules for identifying retail investors when reporting transactions
France’s Financial Markets Authority (AMF) is running a campaign to verify the quality of data in the MiFIR transaction reporting fields relating to retail investors. Article 26 of the MiFIR regulation introduces the identification of the end client, whether a legal...
Swiss FINMA updates on licensing of portfolio managers
The Swiss Financial Market Supervisory Authority (FINMA) today published an update on the licensing of portfolio managers. FINMA notes that at 31 December 2023 it has approved 1,149 (70%) of the licence applications from portfolio managers and trustees received before...
Germany’s BaFin warns consumers about coinprimemarket.com
Germany’s Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website coinprimemarket.com. According to information available to BaFin, the operator is providing financial and investment services on this website without...
ASIC accepts court enforceable undertaking from BNPL provider Elepay
The Australian Securities and Investments Commission (ASIC) has accepted a court enforceable undertaking from buy now, pay later provider Elevare Pay Easy Pty Ltd, trading as Elepay. Elepay’s products are financial products under the Design and Distribution...
Interactive Brokers enhances Client Portal
As electronic trading major Interactive Brokers continues to expand its ongoing support for translation/localization, it announces that Client Portal now supports Portuguese. Also, several bugs were fixed. For instance, the problem when in CP wide layout, the full...
State Street closes acquisition of CF Global Trading
State Street Corporation (NYSE:STT) announced today that it has completed its acquisition of CF Global Trading, a global firm specializing in outsourced trading on an agency basis for a variety of asset classes including equities, listed derivatives and fixed income....
Italy’s CONSOB orders blocking of access to five new unauthorized investment websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to five new 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 36,...
Digital asset prime broker FalconX to integrate with TP ICAP’s Fusion
Leading institutional digital asset prime broker FalconX (also the first CFTC registered swap dealer) has announced a strategic partnership with Fusion Digital Assets, TP ICAP’s FCA registered UK-based wholesale spot cryptoasset exchange. The integration with Fusion...
Robinhood to expand in Canada with new hires
US neobroker Robinhood (NASDAQ:HOOD) has announced plans to expand in Canada, initially with a hiring expansion for Robinhood Canada in Toronto. Most of the positions being currently advertised for Robinhood Canada are in Engineering and Security. It remains unclear...
Interactive Brokers registers 11% Y/Y increase in DARTs in January 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just posted its key operating metrics for January 2024. Interactive Brokers registered 2.201 million Daily Average Revenue Trades (DARTs), 11% higher than in January 2023 and 12% higher than in...
Worldpay commences operations as independent company
Worldpay, LLC, a provider of payments technology and solutions, announced today that it has closed upon its previously announced sale and will now operate as an independent company. The company will be overseen by leading private equity firm GTCR, with a 55% majority...
Stock indices were pressured by Powell’s comments. German inflation retreats :: InvestMacro
By JustMarketsAs of Wednesday’s stock market close, the Dow Jones Index (US30) decreased by 0.82%. The S&P 500 Index (US500) was down by 1.61% yesterday. The NASDAQ Technology Index (US100) closed negative by 2.33%. The S&P 500 (US500) and NASDAQ (US100)...
Nuvei teams up with Cash App Pay
Canadian fintech company Nuvei Corporation (TSX:NVEI) announces today that is has partnered with Cash App, a fast and simple payment method that enables customers to make online payments either by scanning a simple QR code or by tapping Cash App Pay during the...
UK100 & AUDUSD hit profit target :: InvestMacro
UK100 soars through profit levelsBonus: Keep on USDInd trading rangeCheck out these potential profits that you may have missed from our Daily Market Analysis.UK100 hits all take-profit levelsThe UK100 which tracks the benchmark FTSE100 index soared through the bullish...
CME Group to launch E-mini S&P 500 Equal Weight futures
International derivatives marketplace CME Group today announced it will launch E-mini S&P 500 Equal Weight futures on February 26, pending regulatory review. While the S&P 500 Index weights companies based on market capitalization, the S&P 500 Equal Weight...
Exclusive: PrimeXM Project Manager Paris Kyriakou leaves for SkillOnNet
FNG Exclusive… FNG has learned that Paris Kyriakou has left PrimeXM (and the CFDs trading world) to join gaming tech provider SkillOnNet, as Project Coordinator. Paris Kyriakou had been Project Manager at FX broker aggregation, connectivity, and hosting solutions...
Broadridge registers 9% Y/Y increase in revenues in Q2 FY24
Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the second quarter ended December 31, 2023 of its fiscal year 2024. Total revenues for the second quarter of fiscal year 2024 increased 9% to $1,405 million from $1,293 million a year...
Is This Rare Earth Stock Undervalued? :: InvestMacro
Source: Clive Maund (1/29/24) Technical Analyst Clive Maund takes a look at Defense Metals Corp.’s 5-year, 15-month, 4-month, and 2-month charts to explain why he believes it is an Immediate Speculative Buy.Given the excellent and improving fundamentals for Defense...
Exclusive: OANDA Head of Emerging Markets Sam Eder leaves to start Marketmates
FNG Exclusive… FNG has learned that longtime OANDA executive Sam Eder has left the company, to start a new trader focused website and business called Marketmates, at website marketmates.com. Sam Eder had been with OANDA based in Singapore for the past eight years,...
A digital media expert provides steps you can take and explains why you can’t go it alone :: InvestMacro
By Nathan Schneider, University of Colorado Boulder Perfect safety is no more possible online than it is when driving on a crowded road with strangers or walking alone through a city at night. Like roads and cities, the internet’s dangers arise from choices society...
eToro introduces Magnificent-7 Smart Portfolio
Online broker eToro continues to expand its offering by adding Magnificent-7 Smart Portfolio. With eToro’s Magnificent-7 Smart Portfolio, you can allocate with just one click. This portfolio is intelligently weighted based on market capitalization, offering you...
Equiti Group hires INFINOX alum Sophie Squillacioti as Director of Sales APAC
FNG has learned that experienced FX industry executive Sophie Squillacioti has joined leading MENA based Retail FX and CFDs broker Equiti Group, as Director of Sales APAC. Based in Dubai, Sophie joins Equiti Group after spending the past two years at INFINOX, as Head...
Exclusive: IG Group CEO APAC and Africa Kevin Algeo departs
FNG Exclusive… FNG has learned that longtime IG Group (LON:IGG) executive Kevin Algeo has left the company. Kevin Algeo had been with IG for more then 10 years, joining in 2013 as Managing Director – South Africa. In 2017 he moved to Melbourne to serve as Deputy CEO –...
Mastercard registers 13% Y/Y increase in revenue in Q4 2023
Mastercard Incorporated (NYSE:MA) today announced financial results for the fourth quarter and full year 2023. Net revenue for the fourth quarter of 2023 amounted to $6.5 billion, an increase of 13%, or 11% on a currency-neutral basis. The increase was attributable to...
LSEG announces launch of Matching & Market Tracker for FX interbank market in Pakistan
London Stock Exchange Group (LSEG) today announced the simultaneous adoption of two innovative solutions for the Foreign Exchange (FX) interbank market in Pakistan: Matching and Market Tracker. Tailored to the specific needs of the Pakistani market, these launches...
Exclusive: Scope Markets hires IG alum Robert J. Van Eyden as South Africa CEO
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Scope Markets has hired Robert J. Van Eyden as the new CEO for Scope Markets South Africa. The move comes after the company’s previous SA head, Linton White, moved to fill a similar role at ATFX. Robert J....
Exclusive: Markets.com hires Ali Makki as Head of MENA
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Markets.com has continued its recent hiring spree, adding well-known FX industry MENA region figure Ali Makki as Head of MENA. Based in Beirut, Ali Makki is the founder and CEO of AlphaA Traders, which...
Robbert Booij to become CEO of Eurex Frankfurt AG
Robbert Booij will join the Executive Board of Eurex Frankfurt AG as of 1 May 2024 and will succeed Michael Peters as Chief Executive Officer as of 1 July 2024. Mr Booij joins Eurex from ABN AMRO Clearing Bank N.V. where he has been CEO Europe since March 2018....
Bitcoin bulls back in town after weekly breakout :: InvestMacro
By ForexTime Bitcoin bullish on D1 timeframeW1 support could provide long opportunityPrices above 50 LWMA on H4 timeframe4 potential bullish targets if 43865.08 breachedBullish scenario invalidated below 41597.80Bitcoin kicked of the week charging through a...
Exclusive: CFDs broker TeraFX rebrands as Gildencrest Capital
FNG Exclusive… FNG has learned that London based, FCA licensed Retail FX and CFDs broker TeraFX is rebranding to Gildencrest Capital. The formal rebranding takes effect as of tomorrow, February 1, 2024. The name of the FCA licensed company operating the brand is also...
The IMF has raised its global economic growth forecast. Australia has seen a decline in inflationary pressures :: InvestMacro
By JustMarketsThe Dow Jones Index (US30) was up by 0.36% as of Tuesday’s stock market close. The S&P 500 Index (US500) decreased by 0.06% yesterday. The NASDAQ Technology Index (US100) closed negative by 0.76%.The US economic reports released on Tuesday showed a...
Sucden Group selects ICE to support OTC derivatives pricing, trading and risk management
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that Sucden Group, a leading soft commodities trading firm, has selected ICE’s Portfolio Analytics platform to support pricing, trading and risk management of derivatives products. As Sucden continues to...
Lithium Tech Stock on the Verge of an Imminent Break Out :: InvestMacro
Source: Clive Maund (1/26/24)Technical Analyst Clive Maund takes a look at Lithos Energy Ltd.’s 1-year and 6-month charts to explain why he believes it is a Strong Buy. Lithos Group Ltd. (LITS:CBOE.CA;LITSF:OTCQB) looks set to commence a major bull market as it is on...
Nasdaq reports 23% Y/Y increase in Q4 2023 revenues
Nasdaq, Inc. (NASDAQ:NDAQ) today reported financial results for the fourth quarter and year 2023. Fourth quarter 2023 net revenues were $1,117 million, an increase of $211 million, or 23%, from $906 million in the prior year period. Net revenues reflected a $59...
Former Chancellor of the Exchequer George Osborne joins Coinbase Global Advisory Council
San Francisco based crypto exchange operator Coinbase (NASDAQ:COIN) has announced that George Osborne, former Chancellor of the Exchequer of the United Kingdom, is joining the Coinbase Global Advisory Council. George Osborne joins the council as Coinbase’s...
eToro to disable certain assets for copying
Online broker eToro has announced changes to asset availability, with the move to affect the copying service. Starting today, certain assets will be disabled for copying on eToro. Tomorrow (February 1, 2024), they will be limited to ‘close only’ as the broker reviews...
Match-Trader platform January updates feature advanced analytical dashboard for brokers
Cyprus based trading platform and tech solutions provider Match-Trade Technologies has unveiled a number of significant enhancements for Forex Brokers made during the month of January 2024 to its Match-Trader multi-asset trading platform. Central to the January...
Swissquote adds new features to Yuh TWINT app
Swissquote continues to expand the capabilities of the Yuh TWINT mobile application, with the latest release adding new features. The latest update is equipped with two new features: Widgets: Deck out your iPhone’s home or lock screen with Swissquote’s brand new TWINT...
Nomura approves JPY100bn share buyback program
Nomura Holdings, Inc. today announced that its Board of Directors approved a resolution to set up a share buyback program, pursuant to the company’s articles of incorporation set out in accordance with Article 459-1 of the Companies Act of Japan. The share buyback...
PostFinance names Beat Röthlisberger its new CEO
The PostFinance Board of Directors has appointed Beat Röthlisberger as the new Chief Executive Officer of PostFinance. The business administration graduate has a wealth of management experience. His career in the financial sector began at Swiss Bank Corporation (SBC)...
CFTC secures entry of default against owner of Young Emerging Strategies
The Honorable Edmond E. Chang of the Illinois Northern District Court has granted a request by the Commodity Futures Trading Commission (CFTC) for an entry of default against Coby Young, the owner of Young Emerging Strategies LLC. The request was granted in light of...
NY Attorney General sues Citibank for failing to protect fraud victims
New York Attorney General Letitia James today sued Citibank, N.A. (Citi) for failing to protect and refusing to reimburse victims of fraud. The lawsuit alleges that Citi does not implement strong online protections to stop unauthorized account takeovers, misleads...
Exclusive: Tickmill alum Simon Andras becomes CEO of new offshore CFDs broker ConnextFX
FNG Exclusive… FNG has learned that a new offshore Retail FX and CFDs broker is getting set to launch operations, under the name ConnextFX (at website connextfx.com). ConnextFX is headed by CEO Simon Andras (pictured above). A native of Hungary, Simon has spent the...
XTB sees 79% increase in Q4 Revenues to close out strong 2023
Poland based Retail FX and CFDs brokerage group XTB SA (WSE:XTB) closed out a record year for both Revenues and Profits in 2023, reporting very strong results for the fourth quarter of the year. In Q4, XTB saw a 79% QoQ increase in Revenues, to $123 million, and a...
Nuvei launches ERP integration with Microsoft Dynamics 365
Canadian fintech company Nuvei Corporation (TSX:NVEI) announces today that is has launched its first integration into Microsoft Dynamics 365 Business Central, an Enterprise Resource Planning (ERP) solution for small and medium-sized organizations. Businesses across...
NAS100 poised for new all-time high? :: InvestMacro
NAS100 waits for big tech earningsMicrosoft & Alphabet in focusIndex bullish but RSI overbought Key levels of interest at 17306.2 & 17650.4The NAS100 is set to make significant moves over the next few days as 5 of the so-called “Magnificent 7” tech titans...
Quantitative Brokers appoints David Kalita as CEO
Quantitative Brokers (QB), a provider of advanced execution algorithms and data-driven analytics for global Futures, Options, and OTC Fixed Income markets, today announced that David Kalita has been named Chief Executive Officer. David Kalita The appointment is...
Why AI can’t replace air traffic controllers :: InvestMacro
By Amy Pritchett, Penn State After hours of routine operations, an air traffic controller gets a radio call from a small aircraft whose cockpit indicators can’t confirm that the plane’s landing gear is extended for landing. The controller arranges for the pilot to fly...
CME suspends trader for violating prohibition on prearranged, pre-negotiated and moncompetitive trades
International derivatives marketplace CME Group has imposed a one-year suspension on Charlie Cai for violations of COMEX rules. On September 9, 2020, Cai noncompetitively executed multiple transactions in the AUG21-OCT21 Gold futures spread market. Specifically, Cai...
Afterprime joins TradingView list of integrated brokers
In a continuous effort to broaden options for its users, TradingView announces the newly added trading integration with Afterprime, a Forex and CFDs brokerage. Afterprime is a fast-growing brokerage that facilitates efficient and cost-effective access to global...
IC Markets launches zero brokerage fees IC Shares
As the Australian share market continues to soar, IC Markets, a leader in online trading and investing, has announced a special, limited-time promotion: zero brokerage fees on ASX and CBOE (Chi -X) listed company investments. This offer is part of the launch of IC...
New Zealand FMA warns of FCA impersonation scam
New Zealand financial regulator Financial Markets Authority (FMA) has issued a warning regarding a recovery scam using the name of its counterpart in the UK. The FMA said that its aware that a New Zealand resident has been contacted by individuals claiming to...
FCA warns of flying and printing in several markets, including commodities and currencies
The UK Financial Conduct Authority (FCA) continues to see instances of possible flying and printing in several markets, including fixed income, commodities, and currencies in instruments such as bonds, swaps and options. This has included entering prices in dark...
Tradefeedr launches FX analytics buy-side client advisory board
London based FX trading analytics company Tradefeedr has announced its new Buy-Side Client Advisory Board. The Board has been formed to capture essential client insights and guide the trajectory of future product evolution. Comprised of distinguished leaders from...
Cboe Options to list MSCI ACWI, MSCI USA, and MSCI World Index options
Effective for trade date March 18, 2024, and subject to regulatory review, Cboe Options Exchange (C1) will begin listing MSCI ACWI, MSCI USA, and MSCI World Index options having a standard contract deliverable multiplier of 100. Options on the MSCI USA and MSCI World...
Monex’s Coincheck to transfer its “Sharely” business to Excite Holdings
Coincheck, Inc., a subsidiary of Monex Group, Inc., announced today that it will transfer its virtual shareholder meeting support service “Sharely” to Excite Holdings Co., Ltd. through a corporate separation (incorporation-type company split). Coincheck will transfer...
Fintel completes acquisition of Synaptic Software
Fintel (LON:FNTL), a provider of fintech and support services to the UK retail financial services sector, has closed the acquisition of Synaptic Software, an independent provider of financial adviser planning and research software. As announced on 5 December 2023,...
Broadridge’s LTX announces four new patents
LTX, a subsidiary of Broadridge Financial Solutions, Inc. (NYSE:BR), today announced that it has been awarded four new patents on its fixed income trading innovations of bond similarity technology, dealer selection score technology, liquidity aggregation technology,...
ICE registers record futures and options OI with record trading activity in commodities markets
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that its global futures and options markets reached record open interest of 87.2 million contracts on January 25, 2024, with ICE’s commodities futures and options markets hitting record open interest of 61.5...
USD in Limbo as Market Anticipates Fed’s Decision :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD currency pair is experiencing minimal fluctuations as it consolidates around 1.0840 this Monday. The focus of market players is squarely on the upcoming meeting of the US Federal Reserve System, which is poised to be the...
Muinmos names Jesus Sanchez as Chief Product Officer
Denmark based onboarding solutions specialist Muinmos has announced that the company has promoted Jesus Sanchez to the position of Chief Product Officer. The company said that the promotion reflects Muinmos’ dynamic response to the ever-changing regulatory...
SOFR-3M, Gasoline & Nasdaq 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 January 23rd.This weekly Extreme Positions report highlights the Most Bullish and Most...
Saxo Bank to roll out SaxoPartnerConnect to all partners
As of this year, SaxoPartnerConnect (SPC) will be rolled out to all partners of multi-asset investment specialist Saxo Bank, and Webconnect will be retired. To help you with this transition, Saxo invites you to familiarise yourself with the platform by logging into...
Houthi attacks continue in the Red Sea. Inflationary pressures are easing in the US :: InvestMacro
By JustMarketsAt Friday’s close, the Dow Jones Index (US30) was up by 0.16% (+0.50% for the week) and had risen to a new record high. The S&P 500 Index (US500) decreased by 0.07% on Friday (-0.07% for the week). The NASDAQ Technology Index (US100) closed Friday...
Mesh secures investment from PayPal Ventures
Modern embedded finance solution Mesh today announced an investment from PayPal Ventures. PayPal Ventures’ investment was made almost entirely in PayPal USD (PYUSD), an Ethereum-based stablecoin that is 100% backed by U.S. dollars, short-term U.S. treasuries and...
GBPUSD on cusp of major breakout? :: InvestMacro
High-risk events could move GBPUSDFed/BoE combo + NFP in focusGBPUSD bound within symmetrical triangleKey levels of interest at 1.2800 & 1.2600After swinging within a 200-pip range since mid-December, the GBPUSD could be on the verge of a big move.This may be...
LiquidityBook appoints Jason Morris as President
LiquidityBook, a provider of cloud-native buy- and sell-side trading solutions, today announced the appointment of Jason Morris as its new President. Jason Morris Mr Morris previously spent nearly eight years at Enfusion, where he served as the Global Head of...
CME Group registers Mexican peso and Brazilian real FX futures volume record in 2023
International derivatives marketplace CME Group today announced its Mexican peso and Brazilian real FX futures contracts reached all-time average daily volume (ADV) and open interest (OI) records in 2023. The increased trading is resulting in deeper liquidity and...
Exness rebranding as it marks 15 years of unprecedented growth
Exness, the world’s largest retail market-maker, has unveiled a significant rebranding initiative, reflecting and reinforcing its position as the market leader. Through a revamped visual identity, Exness turns the spotlight on the very values that helped it reach the...
eToro expands crypto offering by adding RNDR, OP, LDO
Online broker eToro is expanding its crypto-asset offering via the addition of Render Token, Optimism and Lido Dao. $RNDR is a decentralized network created by OTOY in 2017, that enables users to rent their unused GPU power to artists and studios for high-quality...
Cboe Equities to support testing for move to T+1 clearing and settlement in US and Canada
Effective May 28, 2024, in the U.S., in accordance with SEC rule change, the standard settlement cycle for most broker-dealer transactions in securities will be shortened from two business days after the trade date (T+2) to one (T+1). Similarly, in Canada, certain...
What the Google and Yahoo email updates mean to FX Brokers
FNG Exclusive Guest Post… The following guest post is courtesy of Vince De Castro, founder and principal at De Castro Media in Cyprus. De Castro Media is a marketing agency that focuses on driving sales through innovative marketing strategies. Introduction Vince De...
Alpha Group International allocates up to £20M for share buyback program
Alpha Group International plc, a provider of financial solutions to corporates and institutions, announces that it intends to commence a share buyback programme to purchase ordinary shares of 0.2p each. The company has allocated up to £20 million from its cash...
Breon Corcoran assumes role of IG Group CEO
Electronic trading major IG Group Holdings plc (LON:IGG) today confirmed the appointment of Breon Corcoran as its CEO. The company first announced the appointment in December 2023. Today, IG said it the Financial Conduct Authority (FCA) had approved the appointment....
FX week in review: Executive moves (TradingView, INFINOX, BDSwiss, Markets.com, Forex.com…), prop trading, IG results, PSG sponsor
Senior level executive moves continued to dominate FX and CFD industry news headlines this past week, with a variety of brokers and B2B suppliers to the sector positioning to execute on business plans in 2024. Who is TradingView’s new CEO? Which former LCG CEO has...
Combining two types of molecular boron nitride could create a hybrid material used in faster, more powerful electronics :: InvestMacro
By Pulickel Ajayan, Rice University and Abhijit Biswas, Rice University In chemistry, structure is everything. Compounds with the same chemical formula can have different properties depending on the arrangement of the molecules they’re made of. And compounds with a...
Exclusive: XTX Markets names Gabriele Papievyte to head Ventures unit
FNG Exclusive… FNG has learned that London based XTX Markets, one of the world’s leading market makers and algo trading firms, has tapped Gabriele Papievyte to head its internal venture capital arm called, appropriately, XTX Ventures. Gabriele Papievyte joined XTX...
USDInd braced for heavy hitters :: InvestMacro
High impact events could rock marketsCentral bank decisions, earnings & data in focus4 key factors could move USDIndUSDInd waiting for potent catalystKeep eye on 50, 100 and 200-day SMAA flurry of high impact events could rattle financial markets in the week...
The ECB left rates unchanged and is planning its first cut for the summer. Inflation in Japan continues to slow down :: InvestMacro
By JustMarketsAt Thursday’s stock market close, the Dow Jones Index (US30) was up by 0.64%, while the S&P 500 Index (US500) added 0.53% yesterday. The NASDAQ Technology Index (US100) closed positive by 0.18%. Stock indices are moderately rising as signs of...
FCA outlines key elements of new short selling regime
Following the Treasury’s Short Selling Regulation Review: Call for Evidence and its Response the UK Government has published a draft statutory instrument (SI) alongside an explanatory policy note. This draft SI and the policy note set out how the Government currently...
CFI sponsors Paris Saint-Germain as Official Online Trading Partner
Leading MENA online trading provider CFI Financial Group has announced a strategic partnership with the world-renowned football club Paris Saint-Germain (PSG), to run until June 2026. This alliance marks a significant milestone in CFI’s strategic expansion,...
FINRA receives reports from member firms about LockBit-related cyber incidents
The Financial Industry Regulatory Authority (FINRA) has issued a cybersecurity alert regarding LockBit. LockBit, one of the most deployed ransomware variants in recent years, continues to impact organizations across the globe, including FINRA member firms. Since...
eToro to stop support of long non-leveraged CFD crypto positions in Australia
From February 19, 2024, online broker eToro will no longer support long non-leveraged CFD crypto positions in Australia. From that date, any remaining open long non-leveraged CFD cryptoasset positions will be closed at market value. In case you want to close your...
HK SFC warns of crypto-related products “Floki Staking Program” and “TokenFi Staking Program”
Hong Kong’s Securities and Futures Commission (SFC) today warned the public of suspicious investment products named “Floki Staking Program” and “TokenFi Staking Program”, both of which involve cryptocurrency staking services and claim to offer high annualised return...
Mark Scott gets 10-year prison sentence for laundering OneCoin fraud proceeds
Mark Scott was sentenced to 10 years in prison by U.S. District Judge Edgardo Ramos for laundering approximately $400 million of proceeds from the massive international fraud scheme known as “OneCoin.” The sentencing followed Scott’s conviction on all counts at trial...
Integral Development gets $30M investment from Vistara
Institutional FX tech provider Integral Development Corp has raised $30 million in growth financing from Vistara Growth, a provider of flexible growth capital to software and technology-enabled services companies. Neil Kenley, Principal at Vistara Growth said: “We are...
Exclusive: 26 Degrees / BDSwiss alum Georgio Nikolaou named VP Sales and Partnerships at Klarpay
FNG Exclusive… FNG has learned that Georgio Nikolaou has been named Vice President of Sales and Partnerships at payment solutions provider Klarpay AG. Based in Limassol and covering the FX and CFDs brokerage universe, Georgio Nikolaou joined Klarpay last year as...
eToro reminds French clients it will end support of long non-leveraged CFD crypto positions
From February 21, 2024, online broker eToro will no longer support long non-leveraged CFD crypto positions in France. From that date, any remaining open long non-leveraged CFD cryptoasset positions will be closed at market value. In case you want to close your...
Exclusive: Oleg Mukhanov named CEO of TradingView as Denis Globa departs
FNG Exclusive… FNG has learned that there has been a change made at the top of London based TradingView, which provides charting software and solutions to (among others) many Retail FX and CFD brokers, as well as to independent platform providers. Effective...
SPX500_m, EURUSD & XAGUSD hit target prices :: InvestMacro
By ForexTime Check out these potential profits that you may have missed from our Daily Market Analysis.SPX500_m bulls deliverBack on Monday, we covered the SPX500_m in our trade of the week. Prices were firmly bullish, especially after surging to record highs last...
Saxo Bank names John Carmichael its Chief Risk and Compliance Officer
Today, multi asset investment specialist Saxo Bank announced the appointment of John Carmichael as Chief Risk and Compliance Officer and member of the Board of Management and Executive Team. This key appointment aligns with Saxo Bank’s ongoing commitment to further...
Corporative reporting supports US stock indices. The People Bank of China (PBoC) intends to stimulate the economy :: InvestMacro
By JustMarketsAs of Wednesday’s stock market close, the Dow Jones Index (US30) decreased by 0.26%, while the S&P 500 Index (US500) added 0.08%. The NASDAQ Technology Index (US100) closed positive by 0.36%. Optimism about the US economic outlook and strong...
Finery Markets partners with Hidden Road on Crypto OTC Liquidity Pool
Limassol, Cyprus based institutional crypto solutions provider Finery Markets has announced an expansion of its partnership with prime broker Hidden Road through Finery’s flagship solution, FM Liquidity Match. Institutional participants have begun trading via FM...
Equinix announces fully managed service for NVIDIA DGX AI supercomputing
Digital infrastructure company Equinix, Inc. (NASDAQ:EQIX) has announced a fully managed private cloud service that enables enterprises to easily acquire and manage their own NVIDIA DGX AI supercomputing infrastructure for building and running custom generative AI...
HK regulator warns public against impersonators of SFC CEO
Hong Kong’s Securities and Futures Commission (SFC) today urges the public to beware of instant text messages impersonating the SFC’s Chief Executive Officer. The SFC received a report from a member of the public who received text messages on WhatsApp purportedly from...
Virtu registers 7.7% Y/Y rise in revenues in Q4 2023
Virtu Financial, Inc. (NASDAQ:VIRT), a provider of financial services and products, today reported results for the fourth quarter ended December 31, 2023. Total revenues increased 7.7% to $536.0 million for the final quarter of 2023, compared to $497.8 million for the...
Italy’s CONSOB orders blocking of access to four unauthorised investment websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to four new unauthorised investment websites. The latest set of orders target: “Eurotrade Forex” (website https://eurotradeforex.net and related page...
Former CEO of New Talisman Gold Mines admits breaching NZ Financial Markets legislation
New Zealand’s Financial Markets Authority (FMA) confirmed today Matthew Geoffrey Hill, the former Chief Executive Officer of NZX-listed New Talisman Gold Mines Limited, has admitted making false and misleading representations in breach of the Financial Markets Conduct...
UP Fintech Holding Limited announces Type 1 license upgrade in Hong Kong
Online brokerage UP Fintech Holding Limited (NASDAQ:TIGR) today announced that its Hong Kong subsidiary has officially upgraded its Type 1 license to include virtual asset dealing service. This successful upgrade opens the door for providing cryptocurrency trading...
IG Group registers drop in revenues in H1 FY24 amid softer market conditions
Electronic trading major IG Group Holdings plc (LON:IGG) today announced its results for the six months ended 30 November 2023 (“H1 FY24”). Total revenue was £472.6 million in H1 FY24, down 9% on H1 FY23. OTC derivatives total revenue was £352.6 million, down 17%...
Aquis Exchange expects to report performance for FY23 in line with Board expectations
Aquis Exchange PLC (LON:AQX) today provided an unaudited trading update for the year ended 31 December 2023 (“FY23”). Aquis confirms that it expects to report performance for FY23 in line with Board expectations. Net revenue is up 12% to £22.6 million (FY22 £20.1m)....
Tottenham Hotspur owner Joseph Lewis pleads guilty to Insider Trading
Damian Williams, the United States Attorney for the Southern District of New York, has announced the guilty plea of Joseph Lewis to charges of committing securities fraud and conspiring to commit securities fraud through insider trading. Joseph Lewis was arrested in...
Mastercard, The Clearing House extend partnership on real-time payments
Mastercard and The Clearing House (TCH) have announced an extended multi-year partnership, bringing the companies together to collaborate on innovative capabilities for consumers, businesses and governments to evolve and embrace the digital economy through real-time...
SEC adopts rules to enhance investor protections relating to SPACs
The Securities and Exchange Commission (SEC) today adopted new rules and amendments to enhance disclosures and provide additional investor protection in initial public offerings (IPOs) by special purpose acquisition companies (SPACs) and in subsequent business...
Gold seeks fresh momentum :: InvestMacro
By ForexTime Gold trading between key weekly levelsIncoming US data could move precious metalH4 charts show possible bullish presenceFour potential targets identifiedH4 bullish scenario invalidated below 2001.68Gold struggled for direction on Wednesday as markets...
Binance advises clients to convert RUB to other currencies before end-Jan 2024
Following Binance’s decision to exit Russia through a sale to CommEX, Binance will discontinue all Russian Ruble (RUB) services. Clients are encouraged to trade their RUB assets into other available assets on Binance, convert RUB into crypto on Binance Convert, or...
Inflationary pressures are easing in New Zealand. Today, the focus of investors is directed to the BoC meeting :: InvestMacro
By JustMarketsAt Tuesday’s stock market close, the Dow Jones Index (US30) was down by 0.25%, while the S&P 500 Index (US500) added 0.29% yesterday. The NASDAQ Technology Index (US100) closed positive by 0.43%.Economic news from the US on Tuesday was weaker than...
Court permits Robinhood to depose seven brokers in short squeeze lawsuit
The Florida Southern District Court has allowed Robinhood to take additional depositions in a lawsuit concerning the January 2021 short squeeze. The relevant order was issued on January 23, 2024. In this lawsuit, a group of traders allege that Robinhood manipulated...
Swiss FINMA appoints Stefan Walter as its new CEO
The Board of Directors of the Swiss Financial Market Supervisory Authority (FINMA) has appointed Stefan Walter as the authority’s new CEO. The Federal Council ratified this appointment today. Stefan Walter Stefan Walter will take up his new role on 1 April 2024....
INFINOX hires former LCG CEO Jana Zdravecka as Managing Director
INFINOX, a leading global provider of online trading services, has announced the appointment of Jana Zdravecka as Managing Director. Jana Zdravecka will be based in the company’s London office and play a key role in structuring the brand as it enters a new phase of...
CLS welcomes DIC Corporation to CLSSettlement
DIC Corporation has become the third Japanese manufacturing company to indirectly access CLSSettlement as a third-party participant. The company will access CLSSettlement via its third-party service provider, MUFG Bank. By using CLSSettlement in conjunction with an FX...
New release of Saxo OpenAPI enhances Account History and Portfolio service groups
Multi-asset investment specialist Saxo Bank has released an updated version of its OpenAPI. Several service groups have been enhanced, including Account History and Portfolio. In the Account History group, a new timeseries for ‘CashBalance’ and ‘TotalAccruals’ has...
Travelex relaunches online FX services for Commonwealth Bank of Australia
Leading travel money brand Travelex has announced that it has relaunched online foreign exchange (FX) cash services for Commonwealth Bank of Australia (CBA), the country’s largest bank. The relaunch means that CBA’s more than 11 million retail customers will now be...
Vantage revamps Index CFDs product offering
Leading multi-asset broker Vantage has announced that it has revamped its CFD products on indices to enhance cost-effectiveness for CFD traders. As part of its revamp, Vantage will be introducing a broader range of indices to its product lineup, starting with the...
UBS names Aleksandar Ivanovic President Asset Management
Following Suni Harford’s decision to retire from UBS (SWX:UBSN), Aleksandar Ivanovic will join UBS’s Group Executive Board as President Asset Management and Beatriz Martin Jimenez will become the GEB Lead for Sustainability and Impact in addition to her existing...
Equals Group continues strategic discussions with Madison Dearborn Partners
Nearly three months after Equals Group plc (LON:EQLS) announced that it is conducting a review of its strategic options, the company has provided an update on the matter. As part of the strategic review, Equals has contacted a limited number of potential...
Nuvei announces new global partnership with Adobe
Canadian fintech company Nuvei Corporation (TSX:NVEI) announced today that it is partnering with Adobe to provide customers access to their payments technology through their existing integration with Adobe Commerce, which is part of Adobe Experience Cloud, and enables...
dxFeed launches market data IaaS project for Tradu
dxFeed, a provider of data solutions and index management for the financial industry, has announced the launch of an Infrastructure as a Service (IaaS) project for Tradu, an advanced multi-asset trading platform catering to active traders and investors. In this...
GMO-Z.com Trust Company launches stablecoins GYEN and ZUSD on Solana network
GMO-Z.com Trust Company, Inc. today launched GYEN, a Japanese yen (JPY) stablecoin, and ZUSD, a U.S. dollar (USD) stablecoin, on the Solana network. This integration on the Solana network enables individuals and institutions to conduct seamless and secure transactions...
FINRA finds rule violations in 70% of crypto asset communications
The Financial Industry Regulatory Authority (FINRA) has identified potential violations of FINRA Rule 2210 (Communications with the Public) in 70% of crypto asset communications it reviewed, according to a report published today on the results of a targeted exam. In...
Markets.com names Elena Christodoulou as Head of Europe
Markets.com, the retail brokerage arm of Finalto, has continued to remake its senior management team, promoting Elena Christodoulou to the position of Head of Europe at the company. Elena Christodoulou joined Markets.com in 2021, as was exclusively reported at the...
Exclusive: Ex SquaredFinancial back office head Evi Teliopoulou joins BDSwiss
FNG Exclusive… FNG has learned that experienced FX industry executive Evi Teliopoulou has joined Cyprus based Retail FX and CFDs broker BDSwiss, following a three year hiatus away from “the industry”. At BDSwiss she will serve as the company’s new Head of Funding. Evi...
The US stock indices have once again hit all-time highs. Tensions are growing in the Middle East :: InvestMacro
By JustMarketsAt Monday’s stock market close, the Dow Jones Index (US30) increased by 0.36%, while the S&P 500 Index (US500) gained 0.22% yesterday. The NASDAQ Technology Index (US100) closed positive by 0.32%. All three indices once again set new record highs....
eToro introduces The-Chameleon Smart Portfolio, in collaboration with Gioben Capital
Online broker eToro is introducing The-Chameleon Smart Portfolio, in collaboration with Gioben Capital. Gioben Capital is a Chile-based Investment Advisor known for cutting-edge quantitative models, expert advisory services, and comprehensive wealth management. It...
EURUSD waits on ECB meeting :: InvestMacro
EURUSD in bearish flag pattern Prices wedged between 21 & 50 EMA Significant move could be on horizon Selloff expected if bearish flag breaksThe past few days have been a choppy affair for the EURUSD.Prices remain trapped within a range on the daily charts as...
Corpay introduces end-to-end spend management solution, Corpay Complete
Corpay today announced the launch of Corpay Complete, a next-generation spend management platform for corporate payments and spending. The payment solution is now available to new customers in the United States and Canada and to eligible existing customers. Corpay...
Doo Group expands MENA with new Dubai offices
Retail FX and CFDs broker Doo Group has announced the opening of two new offices in Dubai, which the company said will strengthen its position in the Middle East and North Africa regions, and also enhancing its ability to serve clients globally. The first Doo Group...
ATFX changes name of acquired Rakuten Securities Australia
Leading online trading broker ATFX has announced the completion of the Change-of-Name for Rakuten Securities Australia Pty Ltd. From now on, the entity will be known as AT Global Markets (Australia) Pty Ltd, with the brand name “ATFX” to continue serving retail...
Saxo Bank enables new Extended AssetTypes for all OpenAPI applications
Multi-asset investment specialist Saxo Bank has now moved all apps over to use its new Extended AssetTypes. You have been impacted if any of the following is true: you know that you trade instruments of type ETF, ETN, ETC, Funds or Rights, but they have the AssetType...
Exclusive: Stocktwits names India head Shiv Sharma as President
FNG Exclusive… FNG has learned that trader-focused social networking site Stocktwits has promoted its India head Shiv Sharma to the position of President and General Manager of the company. Shiv Sharma has been based in Singapore for Stocktwits for the past four...
ASIC cancels AFS licence of Indie Advice
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services (AFS) licence of Sydney-based financial services provider Indie Advice Pty Ltd. The licence cancellation took effect on 19 January 2024. The licence was...
BGC Group’s FMX Futures Exchange gets CFTC approval to operate exchange for US Treasury and SOFR futures
Global brokerage and financial technology company BGC Group, Inc. (NASDAQ:BGC) has announced that its FMX Futures Exchange received Commodity Futures Trading Commission (CFTC) approval to operate an exchange for U.S. Treasury and SOFR futures. Howard W. Lutnick,...
Cornerstone FS signs agreement with Mastercard to launch corporate card scheme
Cornerstone FS plc (LON:CSFS), a foreign exchange and payments solutions company, has signed an agreement with Mastercard to launch a corporate card scheme. Under the agreement, Cornerstone will be able to issue commercial cards co-branded and supported by Mastercard...
Visa Canada, Plug and Play announce collaboration
Visa Canada has announced a new alliance with Plug and Play, one of the world’s largest accelerators and venture capital firms. As a founding sponsor, Visa will support Plug and Play’s entrance into the Canadian fintech market and together, establish a platform to...
FCA launches criminal proceedings against Guy Flintham for fraudulent investment scheme
The UK Financial Conduct Authority (FCA) has launched criminal proceedings against Guy Flintham for committing fraud by false representation and for carrying out regulated activity without authorisation. The FCA alleges that between January 2016 and November 2021, Mr...
Exclusive: William Klippel rejoins Forex.com to head Partnerships and Alliances
FNG Exclusive… FNG has learned that experienced FX industry executive William Klippel has joined StoneX Group Inc (NASDAQ:SNEX), as Head of Strategic Partnerships & Alliances – Self-Directed, Americas for the company’s StoneX Retail unit. The move marks a reunion...
US stock indices hit all-time highs. PBoC left key lending rates unchanged :: InvestMacro
By JustMarketsAt Friday’s close, the Dow Jones Index (US30) was up by 1.05% (+0.12% for the week), while the S&P 500 Index (US500) added 1.23% (+1.01% for the week) on Friday. The NASDAQ Technology Index (US100) closed positive by 1.70% on Friday (up +2.07% for...
24 Exchange sets record daily FX NDF trade volume of $4 Billion
Bermuda domiciled OTC product trading platform 24 Exchange has announced that it set consecutive daily records for FX NDF trading volume, processing more than $4 billion in FX NDF trades for its global institutional customers on two consecutive days last week. This...
Brent Crude Oil Prices Inch Upwards Amid Demand Speculations :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil prices are witnessing a moderate rise as the week begins, with the cost per barrel currently near $78.40. This upward trend is primarily influenced by the evolving outlook on energy demand. Recent macroeconomic data...
LCH RepoClear SA launches new €GCPlus General Collateral clearing offering
LCH RepoClear SA, an LSEG business, today announces that it has launched its first general collateral triparty green basket. The new basket expands on RepoClear SA’s existing triparty basket repo offering, following the merger of its two clearing services in July 2023...
SPX500_m bulls charge to record highs :: InvestMacro
S&P500 hits all-time highUS earnings + key data in focusPrices bullish for RSI overboughtKey level of interest at 4798Can bulls maintain hunger for gains?US equity bulls were back in action last Friday as optimism over expected Fed rate cuts and surging tech...
Tradeweb closes acquisition of technology provider r8fin
Tradeweb Markets Inc. (NASDAQ:TW), a global operator of electronic marketplaces for rates, credit, equities and money markets today announced it has completed its acquisition of r8fin, a technology provider that specializes in algorithmic-based execution for U.S....
FP Markets integrates TradingView charting solutions
To meet the ever-evolving demands of traders and investors, leading Forex and CFDs broker FP Markets has announced a new partnership with TradingView. Clients with an active Trading Account at FP Markets can now leverage TradingView’s cutting-edge charting solutions....
FINRA suspends Spartan Capital Securities rep for recommending excessive trades
The Financial Industry Regulatory Authority (FINRA) has suspended Tory A. Duggins for 18 months due to recommendations of excessive trades. Duggins first registered with FINRA as a General Securities Representative (GS) in September 2004. Between September 2004 and...
OANDA launches Labs Trader program
OANDA Global Corporation has announced the launch of OANDA Labs Trader, a trading program centred around profit sharing. OANDA Labs Trader is available to residents of countries serviced by OANDA’s Global Markets division, a firm authorised and regulated by the...
Pepperstone announces regional partnership of AFC Asian Cup Qatar 2023
Forex and CFD broker Pepperstone has announced a partnership with the Asian Football Confederation (AFC) as an Official Regional Partner of the AFC Asian Cup Qatar 2023, which kicked off on 12 January with the eagerly anticipated final scheduled for 10 February 2024....
Terraform Labs files for Chapter 11 bankruptcy in Delaware
Singapore-based Terraform Labs Pte. Ltd. has filed a voluntary bankruptcy petition in Delaware. The Board of the company has determined, after consultation with the management and the legal and financial advisors of the company, that it is desirable and in the best...
ASIC issues four infringement notices as to Penta Capital
Queensland company Penta Capital Pty Ltd has agreed to pay $53,280 to comply with four infringement notices issued by the Australian Securities and Investments Commission (ASIC). ASIC alleges Penta Capital made a series of false and misleading statements on its...
Currency Speculators drop their US Dollar Index bets to 133-week low :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday January 16th and shows a quick view of how large market...
Currency Speculators drop their US Dollar Index bets to 133-week low :: InvestMacro
COT | Data | Leaders | What is COT? | Excel | COT DashboardHere are the latest links to our coverage of the Commitment of Traders data changes. Data updated through January 16th.The COT currency market speculator bets were lower this week as three out of the eleven...
FX week in review: ThinkMarkets court order, AC Milan sponsor, NAGA share price drop, CEO changes
Before we get to this past week’s top stories – all of which appeared first or exclusively at FNG – we’d like to thank our readers for helping us reach the milestone of 10,000 LinkedIn followers, which we hit this month (and we’re already powering well on the way to...
Speculator Changes led lower by S&P500 & Russell :: 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 January 16th and shows a quick view of how large traders...
Speculator Bets led higher by Fed Funds & SOFR 3-Months :: 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 January 16th and shows a quick view of how large...
SOFR-3M, Nasdaq, Corn & Soybeans lead Bullish & Bearish Positions :: InvestMacro
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on January 16th.This weekly Extreme Positions report highlights the Most Bullish and Most...
Speculator Bets fall this week led by Copper & 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 January 16th and shows a quick view of how large traders...
Speculator Bets led lower by Soybeans & Corn :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday January 16th and shows a quick view of how large...
USDJPY set to extend uptrend? :: InvestMacro
Yen down against G10 majors YTDWatch out for BoJ policy meetingBig US data likely to rock USDUSDJPY bullish but RSI signals overboughtKey level of interest at 148.50Monetary policy will take centre stage in the week ahead as major central banks kick off their first...
Kelly Brown named Senior VP Derivatives Products and Business Development for MIAX Futures
Miami International Holdings, Inc. today announced that Kelly Brown has joined the company as Senior Vice President Derivatives Products and Business Development for MIAX Futures. In this newly created position, Mr. Brown will be responsible for developing and...
Houthi rebels continue to cause problems in the Red Sea. The Bank of Malaysia intends to hold the current rate until the end of 2024 :: InvestMacro
By JustMarketsAs of Thursday’s stock market close, the Dow Jones Index (US30) was up by 0.54%, while the S&P 500 Index (US500) added 0.88% yesterday. The NASDAQ Technology Index (US100) closed positive by 1.35%, with the index setting a record high. Stocks found...
Total compensation of StoneX’s Head of Retail and FX Glenn Stevens for 2023 amounts to $5.6M
StoneX Group Inc. (NASDAQ:SNEX), owner of Forex brands such as FOREX.com and City Index, has revealed details about the compensation of its executives for 2023. For fiscal year 2023, the company’s five named executive officers were Sean M. O’Connor, who served as the...
SEC obtains final judgment against stock promoter for fraudulent scheme
The Securities and Exchange Commission (SEC) has obtained a final judgment against stock promoter Carl Smith for misrepresentations he made to investors while raising funds for Nanobeak Biotech Inc. The judgment was issued by the U.S. District Court for the Southern...
Beeks partners with BlueVoyant – FX News Group
Beeks, a managed cloud computing and analytics provider for capital markets and financial services, has announced a partnership with BlueVoyant. This collaboration allows Beeks’ IT team the resources to concentrate on critical security threats and offering financial...
SEC goes after Prosperity Investments & Solutions for engaging in Ponzi scheme
The Securities and Exchange Commission (SEC) has charged Loganville, Georgia resident Prosper E. Beyond Moore and the entity he controls, Prosperity Investments & Solutions, LLC, with defrauding dozens of investors. According to the SEC’s complaint, between...
Exclusive: ThinkMarkets hit with $4.28M court order to return client funds
FNG Exclusive… FNG has learned that London/Australia based Retail FX and CFDs broker ThinkMarkets has been issued a court order by the Business and Property Courts of England and Wales – London Circuit Commercial Court, in the amount of USD $4.28 million. The court...
Vantage unveils new episode of The Vantage View
Multi-asset broker Vantage today launched the second episode of video series, The Vantage View, centred on the circular economy. The Vantage View continues to break new ground, highlighting the latest key trends and thought provoking subjects that are transforming the...
FCA cancels small payment institution registration of Fox Global Trading
The UK Financial Conduct Authority (FCA) has cancelled the small payment institution (SPI) registration of Fox Global Trading Limited. Pursuant to Regulations 10(1)(a) and 10(1)(h) (as applied by regulation 15) of the Payment Services Regulations 2017 (PSRs), the...
Falling probabilities of interest rate cuts in the spring are weighing on stock indices :: InvestMacro
By JustMarketsAs of Wednesday’s stock market close, the Dow Jones Index (US30) lost 0.25% and fell to a one-month low, while the S&P 500 Index (US500) was down by 0.56% yesterday. The NASDAQ Technology Index (US100) closed negative by 0.59%.Economic news from the...
Robinhood agrees to pay $7.5M fine to settle with Massachusetts securities regulator
Robinhood Financial, LLC has agreed to settle a 2020 case brought by Secretary of the Commonwealth William F. Galvin over the online trading platform’s use of gamification strategies to attract and manipulate customers. As part of that settlement, Robinhood has agreed...
Solar Energy Company Expands Network Overseas :: InvestMacro
Source: Streetwise Reports (1/16/24) Three Sixty Solar Ltd. has signed an MOU with a variety of partners in the U.S., the Middle East, and Turkey. Read on to see why analysts rated this company’s stock as a Buy. Three Sixty Solar Ltd. (VSOL:NEO; VSOLF:OTC) announced...
LSEG opens Technology Centre of Excellence in Hyderabad
London Stock Exchange Group (LSEG) has announced the opening of its Technology Centre of Excellence in Hyderabad, India, a key step in the company’s global expansion efforts. The facility aims to spearhead new product and service development by prioritising...
What the Red Sea crisis could mean for the electric vehicle industry and the planet :: InvestMacro
By Tom Stacey, Anglia Ruskin University Automotive giants Tesla and Volvo have announced pauses to the production of their electric vehicles (EVs) in Europe. Electric vehicles are seeing record sales and demand worldwide, but a lack of parts means that factories...
Canadian regulators propose rules for public investment funds holding crypto assets
The Canadian Securities Administrators (CSA) – the national body comprising Canada’s various provincial financial markets regulators – has published for comment a set of proposed regulatory requirements for public investment funds that seek to invest in crypto assets....
As the billionaires gather at Davos, it’s worth examining what’s become of their dreams :: InvestMacro
By John Quiggin, The University of Queensland Gathering for their annual World Economic Forum at Davos in Switzerland this week, the world’s business and political elite will be digesting some unpleasant reading courtesy of the aid agency Oxfam International.Oxfam’s...
Saudi Tadawul Group acquires strategic stake in Dubai Mercantile Exchange
Saudi Tadawul Group Holding Company (STG), a leading diversified capital markets group in the MENA region, has entered into a binding agreement with existing shareholders of DME Holdings Limited to acquire a 32.6% stake in Dubai Mercantile Exchange (DME), one of the...
Symmetrical triangle nears apex :: InvestMacro
Crude coils within triangle patternIncoming EIA could trigger volatility Prices may test upper bound of triangle pattern Key levels of interest at $74.35 & $70.83 Crude oil is bound within a symmetrical triangle pattern which began on November 30th, 2023.However,...
Broadridge Canada names Chad Alderson its General Manager, Global Technology and Operations
Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the appointment of Chad Alderson as General Manager, Global Technology & Operations (GTO), Canada. Alderson succeeds Karin Yorfido, who was recently appointed President of...
Italy’s CONSOB blocks websites of Alphascrypto, Blackridge Capital Management, Fast-MNG
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to several new unauthorised investment websites. The latest set of orders target: “Blackridge Capital Management Ltd” (website https://blackridgecm.com and related page...
FINRA fines Landolt Securities for deficient supervision of electronic communications
Landolt Securities, Inc has agreed to pay a fine of $25,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From at least March 2021 to the present, Landolt Securities has failed to establish, maintain, and enforce a reasonable...
BNY Mellon, ING to join CLSNet community
BNY Mellon and ING have agreed to join CLS’s bilateral payment netting calculation service for over 120 currencies, CLSNet. They are the latest participants to join the growing CLSNet community, which includes eight of the top 10 global banks. CLSNet standardizes and...
eToro partners with STRATxAI to launch new portfolio
Trading and investing platform eToro has partnered with fintech STRATxAI, specialists in intelligent investment systems, to launch a new portfolio. Named ‘Cutting-Edge’, this portfolio leverages proprietary STRATxAI technology and analytical tools previously available...
CFTC charges Debiex for fraudulent digital asset scheme
The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Debiex and Zhāng Chéng Yáng. The CFTC complaint was submitted at the Arizona District Court on January 17, 2024. From approximately March 2022 to the present (Relevant Period), Debiex, by...
HK authorities warn public of Aramex and DIFX for suspected virtual asset-related frauds
Hong Kong’s Securities and Futures Commission (SFC) and the Police today warned the public of suspected frauds involving two entities purporting to be virtual asset trading platforms (VATPs). They operate under the names of “Aramex” and “DIFX”. In both cases, the SFC...
Plum introduces Spend Tracker for smarter budgeting
Smart money app Plum has added a new Spend Tracker to help customers with their budgeting plans. The Spend Tracker automatically categorises all outgoings and shows them as a percentage of overall spending. By breaking their spending down, customers can see at a...
Kuwait CFDs broker NCM gets UAE SCA Category 1 license
Kuwait based CFDs broker NCM Investment Company KSCC has announced that it has been granted a Category 1 license from the UAE Securities and Commodities Authority (SCA). The company said that the granting of a Category 1 license represents a significant milestone and...
Hantec launches offshore prop trading unit Hantec Trader
The prop trading craze among Retail FX and CFDs brokers is continuing, with London / Hong Kong based Hantec Group announcing the launch of Hantec Trader, its proprietary trading firm. Hantec Trader will offer proprietary trading accounts powered by Hantec Markets, a...
Binance introduces Mock Copy Trading feature
Crypto firm Binance has introduced Mock Copy Trading, a feature where you can explore the nuances of Copy Trading with absolutely zero risk. Mock Copy Trading simulates the real-world experience of Copy Trading. Armed with a virtual fund of up to $100,000 USDT in test...
PayPoint adds Lan Tu to Board
PayPoint today announced the appointment of Lan Tu to the Board of PayPoint plc as an additional independent Non-Executive Director with effect from 15 March 2024. Following this appointment, Lan will serve as a member of the Nomination and Remuneration Committees...
Exclusive: Admirals CEO Sergei Bogatenkov and Cyprus head Andreas Ioannou resign
FNG Exclusive… FNG has learned that Estonia based Retail FX and CFDs broker Admirals Group AS is making some major changes to its management C-Suite, which will see the departure of longtime CEO Sergei Bogatenkov (pictured above), as well as Management Board member...
Economic data on China fell short of forecasts. In the Eurozone, there is a decline in inflation expectations :: InvestMacro
By JustMarketsAs of Tuesday’s stock market close, the Dow Jones Index (US30) was down by 0.62% and fell to a one-month low, while the S&P 500 Index (US500) fell by 0.37% yesterday. The NASDAQ Technology Index (US100) closed negative by 0.19%.Fed Chief Waller’s...
Exclusive: Fred Gewirtz joins Scandinavian Capital Markets as Head of Institutional Liquidity
FNG Exclusive… FNG has learned that longtime iSAM Securities executive Fred Gewirtz has joined Retail FX and CFDs broker Scandinavian Capital Markets, as the company’s new Head of Institutional Liquidity. Fred Gewirtz was part of the original Grand Rapids, Michigan...
NQ100_m wobbles above support :: InvestMacro
NQ100_m wobble above supportPrices trapped within rangeWeekly RSI near overbought levelsIncoming US data could trigger breakoutKey levels of interest at 16900 & 16630After swinging within a range on the daily charts, the NQ100_m could be preparing for a...
Equinix launches Equinix Fabric Cloud Router
Digital infrastructure company Equinix, Inc. (NASDAQ:EQIX) today announced the general availability of Equinix Fabric Cloud Router, a new virtual routing service to help enterprises easily connect applications and data across multiple clouds and on-premise...
R.J. O’Brien appoints Patrick Christie as Senior Exec Officer and Head of Hrvyst
Chicago-based futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) announced today the appointment of Patrick Christie as Senior Executive Officer and Head of Hrvyst, the firm’s agricultural technology (ag tech) business unit. Mr Christie has more...
Hargreaves Lansdown CFO Amy Stirling joins Board of Next plc
Hargreaves Lansdown plc (HL) today confirmed that Amy Stirling, Chief Financial Officer and Executive Director of HL, has been appointed to the Board of Next plc as an independent Non-Executive Director with effective from April 2, 2024. Amy Stirling Amy Stirling has...
B2Prime gets initial approval for Dubai VARA crypto license
Cyprus based liquidity services provider B2Prime Group has announced that its B2B Prime Digital MENA subsidiary has been granted an “Initial Approval” for licensing from the Dubai Virtual Assets Regulatory Authority (VARA). Licensing remains subject to fulfilment of...
Genesis Global launches AI-driven data services in its platform and its bond market solution
Genesis Global, the low-code application development platform purpose-built for financial markets organizations, has launched AI-driven data services in its platform and its bond market solution to auto process pricing data and other deal terms asset managers receive...
Exclusive: CFDs broker Doto replaces CEO, halts onboarding EU clients
FNG Exclusive… FNG has learned that Doto, a relatively new entrant in the Retail FX and CFDs brokerage business, has made some changes which include the departure of CEO Demetrios Zamboglou and the addition of a new CEO from outside “the industry”, Victor Zimarev. The...
Exclusive: Ex Revolut/ActivTrades exec Lana Sinelnikova named UK Chief Compliance Officer at Kraken
FNG Exclusive… FNG has learned that leading crypto exchange Kraken has named London based executive Lana Sinelnikova as the Chief Compliance Officer for its UK entity. She will also serve as Kraken UK’s SMF 16 officer. Lana Sinelnikova initially joined Kraken in late...
FCA warns public against dealing with clone of Finalto
The UK Financial Conduct Authority (FCA) has issued a warning against a fraudulent entity abusing the details of Finalto. Fraudsters copy the details of firms the FCA authorises to try and convince people that their firm is genuine. Finaltos is not authorised by the...
MahiMarkets launches MFXTradeHaven tool for broker trade flow management
London based brokerage technology solutions provider MahiMarkets has announced the introduction of MFXTradeHaven, a one-stop trading solution designed exclusively for ambitious brokers handling monthly volumes of less than approximately $5 billion. Users can now...
Data brokers know everything about you – what FTC case against ad tech giant Kochava reveals :: InvestMacro
By Anne Toomey McKenna, University of Richmond Kochava, the self-proclaimed industry leader in mobile app data analytics, is locked in a legal battle with the Federal Trade Commission in a case that could lead to big changes in the global data marketplace and in...
Capitalise.ai partners with Microsoft to introduce cutting-edge text-based services to customers within fin markets
Capitalise.ai is collaborating with Microsoft to introduce cutting-edge text-based services to customers within financial markets. This collaboration marks a significant step forward in enhancing the capabilities available to traders, investors, and financial...
AEGIS Hedging acquires Ancova Energy
AEGIS Hedging Solutions today announced that it has acquired Ancova Energy and its affiliates. Ancova is a provider of oil and gas marketing services and software based in Oklahoma City. With the acquisition, AEGIS adds colleagues with over 300 years of collective...
NatGas bullish opportunity on horizon :: InvestMacro
NatGas busy with correction wave in uptrendWeekly support may trigger long opportunityPrices trading above 100 EMA on H4 chart 3 potential bullish targets identified Bullish scenario invalidated below 2.729US natural gas prices have been at the receiving end of...
J.P. Morgan to pay $18M to settle SEC charges for violating whistleblower protection rule
The Securities and Exchange Commission (SEC) today announced settled charges against J.P. Morgan Securities LLC (JPMS) for impeding hundreds of advisory clients and brokerage customers from reporting potential securities law violations to the SEC. JPMS agreed to pay...
The focus today is on Canadian inflation data. There is a deterioration in economic indicators in Europe :: InvestMacro
By JustMarketsThe US stock market did not trade yesterday due to the bank holiday.Bank of Canada, business and consumer surveys showed that the economy has suffered from the Bank’s aggressive rate hike campaign, reinforcing the view that the tightening cycle is likely...
Webull partners with TradingView – FX News Group
Trading platform Webull today announced a partnership with TradingView, a charting platform and social network for traders and investors. The collaboration will provide Webull users with platform solutions that will enrich their experience and bring TradingView’s...
how much money is there in the world? :: InvestMacro
By Renaud Foucart, Lancaster University How much money is there in the world? – Tsubamé, aged ten, LondonIf we want to add up how much money there is in the world, a good place to start would be counting all the notes and coins out there – in people’s wallets and...
Worldline selects Google Cloud technology to boost its digital transformation
Payment services provider Worldline (EPA:WLN) and Google announced today a strategic partnership designed to leverage cutting-edge cloud-based technologies from Google Cloud to take Worldline’s digital transformation further. As part of the partnership, Google will...
Match-Prime and Match-Trade open Dubai office, headed by Ahmed Fouad
Match-Prime Liquidity, alongside its strategic partner Match-Trade Technologies, has announced the opening of a new office in Dubai, marking a significant expansion into the Middle East and North Africa (MENA) region. The Dubai office will serve as a hub for both...
FXSpotStream adds Wells Fargo as 16th Liquidity Provider
Multibank liquidity services provider FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, has announced that Wells Fargo has joined FXSpotStream as a Liquidity Provider, and is now live with multiple clients. FXSpotStream, which is dedicated to...
Options partners with Canadian Securities Exchange to enhance market connectivity
Infrastructure and market data provider Options Technology today announced a strategic partnership with the Canadian Securities Exchange (CSE). This collaboration is set to enhance and expand market connectivity for CSE’s diverse and growing list of market...
Saxo Bank partners with FairXchange for Liquidity Management Data Analytics
Retail FX and CFDs broker Saxo Bank has become the latest institution to join the FairXchange ecosystem, inking an agreement for FairXchange to provide its liquidity management platform Horizon to Saxo. Guy Hopkins Guy Hopkins, CEO and Founder of FairXchange said: “We...
Danske Bank selects Broadridge’s Tbricks to support multi-asset trading
Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that Danske Bank has selected Broadridge’s multi-asset trading and market making solution, Tbricks, to support multi-asset trading, pricing and position management across Danske Bank...
Exclusive: Matthew Davidson named CEO at IG Australia
FNG Exclusive… FNG has learned that leading UK online broker IG Group (LON:IGG) has named Matthew Davidson as CEO at its IG Australia & New Zealand unit. Based out of Melbourne, Matthew Davidson has been with IG for 19 years. He began his IG career as a sales...
Jefferies, SMBC expand strategic alliance
Jefferies Financial Group, Inc. (NYSE:JEF) and Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG), Sumitomo Mitsui Banking Corporation (SMBC), and other group companies announced today that they have signed a memorandum of understanding to further expand their global...
Markets.com hires Marcelo Spina as COO
Markets.com, the retail brokerage arm of Finalto, has continued to remake its management C-Suite, announcing the appointment of Marcelo Spina as Chief Operating Officer (COO). The company said that this pivotal addition to the Markets.com team is part of the company’s...
Brent Crude Oil Experiences Upward Trend :: InvestMacro
By RoboForex Analytical DepartmentBrent prices have been rising for three consecutive days as of this Monday. The price of a Brent barrel has climbed to 79.00 USD, and there are underlying reasons for this surge.The focal point of attention is the unfolding events in...
FCA outlines expectations for investment-based crowdfunding platforms
The UK Financial Conduct Authority (FCA) today published a letter outlining the harms to consumers and markets most likely to arise from Crowdfunding business models, and its strategy to address those harms. In particular, the FCA notes that investment-based...
Corpay Cross-Border named official FX partner for Cricket Ireland
Corpay’s Cross-Border business has entered into an agreement with Cricket Ireland to become their Official Foreign Exchange Partner. Through this partnership, Cricket Ireland, along with their broader ecosystem of corporate business partners will be able to gain...
Your Bourse surpassed the monthly trading volume of $1 Trillion in December 2023. :: InvestMacro
In December 2023, Your Bourse, a trade execution technology provider, reported a new record in monthly trading volume – $1.08 trillion. A strong company performance led to a significant increase in both clients and their trading volume via the Your Bourse...
Exclusive: FXOpen sees Revenues flat in 2022 at £645K, posts £298K loss
FNG Exclusive… FNG has learned via regulatory filings that FCA regulated Retail FX and CFDs broker FXOpen Ltd posted a loss of £297,934 in 2022, although smaller than the £456,913 net loss the company saw in 2021. Revenues at FXOpen were basically flat year-over-year,...
Hong Kong Futures Exchange to include currency futures and options in Derivatives Holiday Trading
Hong Kong Futures Exchange Limited plans to include currency futures and options in Derivatives Holiday Trading starting from 29 March 2024, subject to regulatory approval. Upon the inclusion of currency futures and options in Derivatives Holiday Trading, Exchange...
NAGA Group shares tumble 29% after Capex.com acquisition announcement
FNG Exclusive Analysis… The past four weeks have not been kind to NAGA Group. After the company found a “white knight” in rival Retail FX and CFDs broker Capex.com, which announced plans in mid December to acquire NAGA via a Reverse Merger (plus an injection of...
Vantage reveals redesigned website – FX News Group
Multi-asset broker Vantage Markets today unveiled its redesigned website. This launch marks the start of a new year while symbolising a new dynamic chapter for Vantage. Reflecting the ‘New Year, New Look’ theme, it marks a significant step in the company’s journey...
Valérie Urbain to succeed Lieve Mostrey as Euroclear CEO
Euroclear announced today that Valérie Urbain has been selected by the Board as the successor to Lieve Mostrey as its Group Chief Executive Officer (CEO). Having now received the relevant regulatory approvals, Lieve Mostrey and Valérie Urbain will ensure a smooth and...
Saxo Capital Markets Australia reduces brokerage fees
Saxo Capital Markets (Australia) Limited has reduced its brokerage fees by up to 87% for US markets and up to 62% for the ASX. Saxo clients can now enjoy razor-sharp, all-inclusive pricing on brokerage and other trading fees, trading US equities for as little as USD...
LME announces Marco Strimer as Category 7 (Honorary) Member
London Metal Exchange (LME) confirms that Mr Marco Strimer has been made a Category 7 (Honorary) Member of the LME, in recognition of his service to the LME Group. Marco Strimer His career spans across 40 years, specialising in the financial industry with a focus on...
Currency Speculators push British Pound bets to highest since September :: 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 January 9th and shows a quick view of how large market...
FX Speculators push British Pound bets to highest since September :: InvestMacro
COT | Data | Leaders | What is COT? | Excel | COT DashboardHere are the latest links to our coverage of the Commitment of Traders data changes. Data updated through January 9th.The COT currency market speculator bets were higher this week as seven out of the eleven...
FX week in review: MarketsVox rebrand, strong results at Swissquote and CMC, executive moves
The post holiday break news stream continued at full volume in the FX and CFDs industry this past week, as FNG reported on a variety of broker results, a broker rebranding, and of course a long list of executive moves as companies positioned to tackle fairly ambitious...
Speculator Bets led lower by Soybean Meal & Corn :: InvestMacro
Here 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 January 9th and shows a quick view of how large traders (for-profit...
DowJones & Soybeans lead Bullish & Bearish Positions :: InvestMacro
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on January 9th.This weekly Extreme Positions report highlights the Most Bullish and Most...
Speculator Bets go lower led by Copper & Gold :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday January 9th and shows a quick view of how large traders...
Speculator Bets led higher by SOFR 3-Months & 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 January 9th and shows a quick view of how large...
Speculator Bets led higher by S&P500 & Russell :: 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 January 9th and shows a quick view of how large traders...
Exclusive: Admirals’ Customer Success Division head Sergei Belchikov leaves for Uspio
FNG Exclusive… FNG has learned that longtime Admirals executive Sergei Belchikov has left the company, to join Cyprus based web and mobile software development company Uspio. Sergei will serve as Head of Customer Service at Uspio. Sergei Belchikov had been with...
Citi posts Q4 2023 net loss of $1.8bn
Citigroup (NYSE:C) today reported its financial results for the final quarter of 2023. Citi posted a net loss of $1.8 billion for the final three months of 2023. This compares to a net income of $2.5 billion for the year-ago quarter. The loss reflected higher cost of...
Bank of America registers Global Markets net income of $636M in Q4 2023
Bank of America today posted its financial report for the final quarter of 2023, with Global Markets net income at $636 million. The Global Markets segment saw sales and trading revenue increase 3% to $3.6 billion, including net debit valuation adjustment (DVA) losses...
EURUSD on brink of major breakout? :: InvestMacro
EURUSD braces for heavy event weekKeep eye on top-tier EU + US dataSpeeches from central bank officials also in focusMajor breakout could be on horizonFirst points of interest at 1.10 and 1.09The EURUSD could be pumped with fresh life next week due to key economic...
Cboe Digital launches margined Bitcoin and Ether futures, completes successful first trade
Cboe Digital announced it successfully launched margined Bitcoin and Ether futures and completed its first margined Bitcoin futures trade. With support from Blockfills, DV Trading LLC, Jump Trading Group, Marex, Toa Capital Partners and Wedbush in executing these...
When can we stop worrying about rising prices? The latest inflation report offers no easy answers :: InvestMacro
By D. Brian Blank, Mississippi State University and Brandy Hadley, Appalachian State University Tired of thinking about inflation’s impact on your wallet? You’re not alone. But like it or not, higher prices continue to be an economic and – with the presidential race –...
Morgan Stanley agrees to pay more than $249M to settle SEC charges
The Securities and Exchange Commission (SEC) today charged investment banking giant Morgan Stanley & Co. LLC and the former head of its equity syndicate desk, Pawan Passi, with a multi-year fraud involving the disclosure of confidential information about the sale...
The United States and Britain are striking back at the Houthis. Oil rises amid escalating conflict in the Middle East :: InvestMacro
By JustMarketsAt the close of the stock market yesterday, the Dow Jones Index (US30) was up by 0.04%, while the S&P 500 Index (US500) was down by 0.07% on Thursday. The NASDAQ Technology Index (US100) closed around its opening price.The US Consumer Price Index for...
Dieter Wemmer to step down from UBS Board
The UBS Board of Directors announced today that Dieter Wemmer will not stand for re-election to the Board of Directors of UBS Group AG and UBS AG. Having joined in 2016, he is the longest serving Board member and has informed the Board of his decision to step down....
iSAM Securities hires oneZero alum Dennis Weissert as Sales Director
London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that it has hired Dennis Weissert as the newest member of its Sales team. Joining iSAM Securities as a Sales Director, Dennis Weissert brings over 13 years of experience...
Exclusive: Mitesh Vaghela named Chief Business Officer at Rostro Group
FNG Exclusive… FNG has learned that FX brokerage operating firm Rostro Group has named Mitesh Vaghela as the company’s new Chief Business Officer, representing a promotion and new role for Mitesh. Mitesh Vaghela joined Rostro Group in 2022, as was also exclusively...
CoinShares exercises option to acquire Valkyrie Funds
CoinShares International Limited today announced it has exercised the option to acquire Valkyrie Funds LL, a U.S. digital asset manager’s investment advisory business specialising in actively managed cryptocurrency exchange-traded funds, from Valkyrie Investments Inc....
11 Bitcoin ETFs Approved by the SEC – So What?
FNG Exclusive Interview… Tom Higgins, CEO of Gold-i, is renowned in our industry as an early advocate of digital assets. Here he talks to FNG about why the SEC’s approval of Bitcoin ETFs creates such a great opportunity for brokers. FNG: Is the SECs approval of...
HK regulator warns public of suspicious Forex products offered by Eternity Prime Limited
Hong Kong’s Securities and Futures Commission (SFC) today warned the public of suspicious investment products named “Eternity.inc forex packages” offered by Eternity Prime Limited. The products have not been authorised by the SFC for offering to the Hong Kong public...
Circle files draft registration statement for proposed IPO
Circle Internet Financial has announced that it confidentially submitted a draft registration statement on Form S-1 with the United States Securities and Exchange Commission (SEC), relating to the proposed initial public offering of its equity securities. The number...
James Hopkinson to step down as Metro Bank Exec Director
Metro Bank Holdings PLC announces that James Hopkinson, Chief Financial Officer, has agreed with the Board that he will step down as Executive Director with immediate effect. He will leave the business during the first quarter of 2024 after a period of handover. James...
Spain’s CNMV initiates disciplinary proceedings against Deutsche Bank
The Executive Committee of the Spanish National Securities Market Commission (CNMV) has agreed to initiate disciplinary proceedings against DEUTSCHE BANK, S.A.E., for the advisory service provided to Spanish clients in relation to highly complex and high-risk...
Gold-i adds Swap Free Plug-In for MT4/MT5
Forex broker technology solutions provider Gold-i has announced that it has added a Swap Free plug-in to its MT4 and MT5 product portfolio, providing brokers with the ability to offer trading accounts that do not pay interest. Gold-i’s Swap Free plug-in, launched in...
CySEC confirms withdrawal of ICF membership of four investment firms
The Cyprus Securities and Exchange Commission (CySEC) today confirmed that four investment firms have had their membership in the Investors Compensation Fund (ICF) withdrawn. The following firms are no longer members of the ICF: Stone Edge Capital Ltd (LEI...
Mastercard develops AI tool to provide assistance to small business owners
Mastercard is in development on a new initiative to support small business owners globally with personalized guidance to help them grow and thrive. The company is piloting Mastercard Small Business AI, an inclusive Artificial Intelligence tool that delivers customized...
Gold on standby mode as US CPI looms :: InvestMacro
Gold in a correction wave of W1 uptrendPossible bullish momentum building on D1/H4 timeframe4 potential bullish targets if 2042.09 breached Bullish scenario invalidated below 2020.31 Incoming US CPI report could trigger volatilityGold prices were steady on...
FIS expands its sell-side solutions to new buy-side clients
Fintech company FIS (NYSE:FIS) today announced that it has expanded its sell-side solutions to new buy-side clients. As buy-side clients face pressures to find new revenue streams, reduce risk, drive operational efficiency, and deliver new value for their customers,...
The Nikkei 225 has hit a 34-year high. Rising inflation in the US may push back the US Fed’s plans to cut rates in the spring :: InvestMacro
By JustMarketsAt yesterday’s stock market close, the Dow Jones Index (US30) was up by 0.45%, while the S&P 500 (US500) added 0.57% on Wednesday. The NASDAQ Technology Index (US100) closed positive by 0.75%.Today, the US will release its monthly consumer price...
Broadridge launches GenAI-powered OpsGPT – FX News Group
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) and Large...
Exness trading volumes in December top $3.6 trillion, 2023 average $3.7 trillion
Cyprus based multi asset broker Exness closed out an absolutely blockbuster 2023 by posting client trading volumes of $3.607 trillion in the last month of the year. December’s trading activity was 8% below November’s $3.935 trillion, not unexpected due to the...
Marex appoints Linda Myers and Madelyn Antoncic to Board
Diversified global financial services platform Marex today announced that Linda Myers and Madelyn Antoncic have been appointed to the Group Board and join this month. Ms Myers joins as Chair of the Remuneration Committee, replacing Jeremy Isaacs, who remains on the...
Coinbase expands access to its products in Africa via partnership with Yellow Card
Coinbase is expanding access to its products in Africa, starting with 20 countries across the continent. Coinbase’s new partnership with African stablecoin exchange Yellow Card will help usher in the future of money by giving millions of users access to USDC and fast,...
Commerzbank, Global Payments establish JV
Commerzbank (FRA:CBK) and Global Payments (NYSE:GPN), a provider of payment technology and software solutions, today announced a joint venture to offer digital payment solutions to small and medium size business customers across Germany. The new entity, Commerz...
Argentina’s CSD Caja de Valores adopts Nasdaq tech to enhance post-trade infrastructure
Caja de Valores, Argentina’s Central Securities Depository (CSD), today announced it has launched a new technology platform using Nasdaq’s CSD technology. The platform significantly enhances Caja de Valores’ ability to meet immediate operational and performance needs,...
Match-Trader trading platform integrates with TradingView
Cyprus based trading platform and tech solutions provider Match-Trade Technologies has announced that their multi-asset trading platform for Forex brokers, Match-Trader, is now integrated with social network and charting platform system TradingView. This strategic...
Cboe Options Exchange to list options on ETPs holding Bitcoin
Cboe Options Exchange (C1) has submitted an SEC rule filing to permit it to list options on exchange-traded products (ETPs) holding Bitcoin, including those for which SEC approval is expected during the week of January 8, 2024. Cboe Options’ current rules generally...
Broadridge, Boring Money partner on Consumer Duty solution for asset managers
Boring Money, a financial data and insights business, has collaborated with global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) to provide a single source of data and insights for asset managers that combines product analysis with consumer perspective...
FlowBank sponsors tennis pro Alexander Zverev
Geneva based online bank and brokerage firm FlowBank has announced a new three-year partnership with world-renowned tennis player Alexander Zverev. As part of this exclusive partnership, FlowBank will serve as Alexander Zverev’s official financial partner, supporting...
From besting Tetris AI to epic speedruns – inside gaming’s most thrilling feats :: InvestMacro
By James Dawes, Macalester College After 13-year-old Willis Gibson became the first human to beat the original Nintendo version of Tetris, he dedicated his special win to his father, who passed away in December 2023.The Oklahoma teen beat the game by defeating level...
Exclusive: Zara FX adds B2Broker exec Kuldeep Mahindrakar as Strategy and Expansion Officer
FNG Exclusive… FNG has learned that MENA focused offshore Retail FX and CFDs broker Zara FX has continued its recent hiring spree, adding Kuldeep Mahindrakar as the company’s new Strategy and Expansion Officer. He will be based in Dubai for his new role with Zara FX....
Options, OneTick partner to deliver global SAAS analytics platform
Options Technology, a provider of cloud-enabled managed services to the global financial sector, today announced its partnership with OneMarketData and its flagship OneTick platform. Options will enable OneTick subscribers to access its vast repository of market data,...
Amana parent 180 Capital hires GTN exec Samer Abuzahra as CCO
Dubai based fintech holding company 180 Capital has announced the appointment of Samer Abuzahra as its Chief Commercial Officer (CCO). Samer Abuzahra will spearhead 180 Capital’s business development, focusing especially on delivering innovative trading and investing...
2023’s billion-dollar disasters list shattered the US record with 28 big weather and climate disasters amid Earth’s hottest year on record :: InvestMacro
By Shuang-Ye Wu, University of Dayton National weather analysts released their 2023 billion-dollar disasters list on Jan. 9, just as 2024 was getting off to a ferocious start. A blizzard was sweeping across across the Plains and Midwest, and the South and East faced...
PortX, Plaid partner to fast-track data access and innovation for financial institutions
Financial infrastructure and integration technology company PortX has announced a strategic partnership with Plaid, the data network powering the digital financial ecosystem. This collaboration combines the power of PortX’s digital core banking integration experience...
Oil waits for fundamental spark :: InvestMacro
Brent bulls and bears in tug of warPrices trapped in range on D1 chartsIncoming EIA data could trigger volatilityTechnical indicators favour bearsKey levels of interest at $79 and $75.50It has been a choppy affair for oil prices thanks to a combination of fundamental...
Unlimit to operate built-in payments for the MT5 trading platform
Cyprus based trading platform developer MetaQuotes has announced a new partnership that will see payments solutions provider Unlimit operate built-in payments for its platform. Integrated payments were introduced in one of the recent major MetaTrader 5 (MT5) updates,...
Inflation in Australia continues to decline. The World Bank forecasts a contraction in growth :: InvestMacro
By JustMarketsAt the close of the stock market yesterday, the Dow Jones Index (US30) decreased by 0.42%, while the S&P 500 Index (US500) was down by 0.15% on Tuesday. The NASDAQ Technology Index (US100) closed positive by 0.09%.Lower expectations for a Fed...
FCA cancels Up and Up Trading Limited’s permission to conduct regulated activities
The UK Financial Conduct Authority (FCA) has decided to cancel the Part 4A permission of Up and Up Trading Limited. The Authority has taken this action because it considers that the firm is carrying on no regulated activity to which the Firm’s Part 4A permission...
MultiBank launches new trading platform featuring cutting-edge technology
As we step into the new year, MultiBank Group, a leading online financial derivatives institution, welcomes 2024 with the official launch of their cutting-edge mobile application, MultiBank-Plus, and the unveiling of a redesigned website. This significant milestone...
HK SFC warns public against impersonators of senior SFC execs
Hong Kong’s Securities and Futures Commission (SFC) today cautioned the public against instant text messages from scammers impersonating the SFC’s senior executives including its Chairman. Members of the public have recently reported to the SFC that they received text...
Deutsche Börse closes acquisition of digitised fund distribution platform FundsDLT
Global market infrastructure provider Deutsche Börse Group today announces the completion of the acquisition of FundsDLT, following regulatory approval from Luxembourg financial regulator Commission de Surveillance du Secteur Financier (CSSF). Deutsche Börse Group now...
CFI hires ex IG exec Louis Bridger as Head of Business Development
Leading MENA based online trading provider CFI Financial had announced the appointment of Louis Bridger as Head of Business Development, based in Dubai. With a wealth of experience spanning 17 years in the Financial Services industry, Louis will play a pivotal role in...
Saxo Bank introduces ‘Saxo Options Talk’ podcast
Multi-asset investment specialist Saxo Bank has launched its new podcast, “Saxo Options Talk“, a weekly series dedicated to everything about options trading on stocks and indices. This podcast, hosted by Koen Hoorelbeke and Peter Siks, is designed to be a go-to...
CME Group registers record international ADV of 6.8M contracts in 2023
Derivatives marketplace CME Group today announced that average daily volume (ADV) outside the United States reached a record 6.8 million contracts in 2023, up 8% from 2022. This record was driven largely by growth in Equity Index and Interest Rate products, up 26% and...
Valereum announces Board appointments – FX News Group
Gibraltar technology group Valereum Plc today announced a set of board appointments. Nick Cowan has officially joined the Board as Chief Executive Officer. Formerly serving as GSX Group CEO and founder of the Gibraltar Stock Exchange and GSX Group. With over 35 years...
Fintech firm Fiinu issues response to share price spike
Fintech firm Fiinu plc issued an official statement in response to the surge of its share price today. The share price of the company saw a spike of over 40% on January 9, 2024. The full statement by Fiinu can be found below: “Fiinu, a fintech group, creator of the...
Visa and CIBC announce new collaboration
Visa and CIBC announced a new collaboration that will enable the bank’s clients to send funds to family and friends across borders more conveniently. Thanks to the innovative money movement capabilities of Visa Direct, CIBC and Simplii clients will soon be able to...
CME Group to launch longer-dated event contracts
International derivatives marketplace CME Group will launch event contracts with quarter- and year-end expiries for E-mini S&P 500 and E-mini Nasdaq-100 futures on January 29, pending regulatory review. The new longer-horizon contracts will provide market users...
Webull appoints Anthony Denier as Group President
Online trading upstart Webull has announced the promotion of Anthony Denier, former Webull US CEO, to Group President. He will be responsible for managing the company’s regulated businesses across the globe, including all licensed broker-dealers. Anthony Denier has an...
Brent is stressed again :: InvestMacro
By RoboForex Analytical DepartmentFor the last month and a half, the crude oil market has been under a constant stress. Sentiment changes mostly because of the supply and demand forecasts. A Brent barrel price dropped to 75.65 USD yesterday.The decline was triggered...
CME Group to launch Options on S&P 500 Annual Dividend Index Futures
International derivatives marketplace CME Group today announced it will launch options on S&P 500 Annual Dividend Index futures on January 29, pending regulatory review. “Client demand for managing risk and seeking investment opportunities around dividend exposure...
Bulls eye potential 250-pip move :: InvestMacro
USDJPY bounces off neckline of double bottomUpside presents a potential 250-pip moveUS inflation data on Thursday in focusSupport at 200-EMA & resistance at 50-EMAUSDJPY bounced off the neckline of a daily double-bottom pattern after data showed inflation in Tokyo...
Sterling Trading Tech names Dave Weiss CTO
Sterling Trading Tech (STT), a provider of proprietary order management systems, risk and margin solutions, and trading platforms for the capital markets worldwide, announced today the appointment of industry veteran Dave Weiss as Chief Technology Officer. He will be...
NVDA shares have reached an all-time high. China plans to create favorable financial conditions for the country’s economic growth :: InvestMacro
By JustMarketsAt the stock market close yesterday, the Dow Jones Index (US30) was up by 0.58%, while the S&P 500 Index (US500) added 1.41% on Monday. The NASDAQ Technology Index (US100) closed positive by 2.20% yesterday. Nvidia stock’s (NVDA) rise to a record...
CQG integrates with TradeStation Securities’ brokerage services
TradeStation Securities, Inc., a self-clearing online brokerage for trading stocks, ETFs, options and futures, has announced that CQG, a global provider of high-performance technology solutions for traders, brokers, commercial hedgers and exchanges, has integrated...
NAGA Group reports 2023 Revenues of €45M, EBITDA €7M
Hamburg, Germany based Retail FX and CFDs brokerage operator NAGA Group AG (ETR:N4G) has released a statement regarding its preliminary 2023 full year results, indicating that the company exceeded expectations following a very strong fourth quarter. The social trading...
INFINOX hires Eurotrader exec Robert Collins as Head of Trading
INFINOX, a leading provider of CFD trading solutions, has announced the appointment of Robert Collins as its new Head of Trading. Based in the London office, Robert will lead INFINOX’s global trading team with a focus on delivering premium pricing and efficient trade...
iSAM Securities names Sam Johnson as Managing Director, Ryan Poole as CIO
In a strategic move to align leadership roles with the company’s vision for sustained growth and innovation, London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced the title changes of Sam Johnson (pictured above) to the...
Exclusive: Capex.com hires MultiBank exec Faisal Morrar as BizDev Manager in Dubai
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Capex.com has hired Faisal Morrar, as Business Development Manager. He will be based in Dubai for his new role with Capex.com. We understand that Faisal will spearhead the establishment of a B2B and...
Corpay to use NetStation by Netdania for Dealing team trading activity support
Corpay, a FLEETCOR (NYSE:FLT) brand and a global leader in business payments, has announced that Corpay’s Cross-Border business will utilise the advanced Information Terminal NetStation by Netdania, part of United Fintech, to support its Sales and Dealing teams’...
Exclusive: Offshore CFDs broker ForexVox rebrands as MarketsVox
FNG Exclusive… FNG has learned that offshore Retail FX and CFDs broker ForexVox has rebranded as MarketsVox. The website url forexvox.com now redirects to marketsvox.com. The company said that the decision to rebrand is grounded in a multifaceted strategy aimed at...
HK SFC suspends former responsible officer of City International Futures for 10 months
Hong Kong’s Securities and Futures Commission (SFC) has suspended Mr Andy Wong Yeung, former responsible officer (RO), manager-in-charge (MIC) of key business line and overall management oversight and director of City International Futures (Hong Kong) Limited...
RoboMarkets Pro Clinches Prestigious Award for Best Professional Trading Conditions in Europe :: InvestMacro
RoboMarkets Pro, a brand of RoboMarkets Deutschland GmbH, has been honoured with the prestigious “Best Professional Trading Conditions (Europe)” award at the Professional Trader Awards 2023.This accolade underscores the company’s unwavering commitment to delivering...
Admirals shuffles Supervisory and Management Boards
Estonia based Retail FX and CFDs broker Admirals Group AS has announced a change to its supervisory and management board structure. The moves come after Admirals saw its Revenues collapse by 51% in the first half of 2023, in which the company posted a loss of €4.8...
Bitcoin ETF awaits SEC approval :: InvestMacro
Clock ticks down to Bitcoin ETF deadlinePotential SEC approval will mark historic momentWatch out for other possible outcomesBitcoin could see heightened levels of volatilityWill Bitcoin rally or slump?Bitcoin is the talk of the town this week, as the clock ticks down...
CMC Markets shares soar 23% after FY2024 Trading Update
Shares of UK based online trading provider CMC Markets plc (LON:CMCX) were soaring on Monday, trading up by 23% as of the time of writing in early afternoon trading. Earlier today CMC Markets released its latest Trading Update for fiscal year 2024 (CMC has a March 31...
Economists have raised growth forecasts for the UK. Bank of Canada may push back its rate cut :: InvestMacro
By JustMarkets At Friday’s close, the Dow Jones Index (US30) was up by 0.07% (-0.67% for the week), while the S&P 500 Index (US500) was up by 0.18% (-1.86% for the week). The NASDAQ Technology Index (US100) closed positive by 0.09% (-3.83% for the week).The dollar...
Interactive Brokers invites LatAm residents to discover American Express International Dollar Card
If you are an Interactive Brokers client and citizen of a Latin American country, you can apply for the American Express International Dollar Card. As a travel card, it can be used to make online and contactless purchases (where available) all while you enjoy an array...
NFT Investments to change its name to Phoenix Digital Assets
NFT Investments plc, a fund specialising in the market for digital assets, today announced it will change its name to Phoenix Digital Assets plc. The relevant paperwork has been filed with Companies House, and the change of name will be effective once Companies House...
Finalto Asia and PrimeXM partner on APAC liquidity solutions
Finalto Asia and PrimeXM have announced a new strategic partnership, which the parties said will reshape the FX and CFD landscape in Asia and will aim to firmly establish exciting new liquidity solutions in the region through collaboration. Finalto Asia and PrimeXM...
David Fineberg, Albert Soleiman acquire shares in CMC Markets
CMC Markets Plc (LON:CMCX), a global provider of online trading and platform technology, today announced transactions in its shares by top management. David John Fineberg, deputy CEO of CMC Markets, and Albert Soleiman, CFO of the broker, acquired shares in CMC...
Exclusive: Christina Barbash joins PrimeXM
FNG Exclusive… FNG has learned that experienced FX industry executive Christina Barbash has joined FX broker tech and connectivity solutions provider PrimeXM, as the company’s new Regional Sales Manager. Based in Cyprus, Christina Barbash had spent the past three...
Kathleen Brooks joins XTB as Research Director for the UK market
XTB UK, the FCA licensed arm of Poland based online broker XTB SA (WSE:XTB), has announced that it has hired Kathleen Brooks, one of the best recognised financial markets research specialists in the retail investment industry, as its Research Director. Kathleen Brooks...
Exclusive: Compliance exec Dianah Njeri Igati moves from Scope Markets to Pepperstone
FNG Exclusive… FNG has learned that experienced compliance executive Dianah Njeri Igati has joined Retail FX and CFDs broker Pepperstone, as Regional Head of Compliance (ASIC, DFSA, SCB, FSC). Based in Melbourne, Australia, Dianah will oversee the regional Regulatory...
Seif El-Bakly steps down as COO of Argo Blockchain
Cryptocurrency mining company Argo Blockchain today announced management changes. Seif El-Bakly Effective 5 January 2024, Seif El-Bakly stepped down from his position as Chief Operating Officer to pursue other opportunities. The Company thanked Mr. El-Bakly for...
FINRA imposes $100k fine on UBS Financial Services
UBS Financial Services has agreed to pay a fine of $100,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From July 18, 2016, to July 23, 2021, the firm failed to include the Non-Transaction-Based Compensation (NTBC) indicator for...
FX week in review: 2024 begins with executive moves (Markets.com, IG, The Trading Pit…)
Following what was a very eventful and news-busy December to close out 2023 (NAGA Group and BUX sold, ThinkMarkets cancelling its IPO, IG Group hiring a new CEO…), the first holiday shortened week of 2024 was relatively quiet in the FX and CFDs industry, as both...
Multitude SE considers relocation to Switzerland
Multitude SE, an international growth platform for financial technology, contemplates a relocation from Finland to Switzerland while maintaining its legal personality and without dissolution. As Finnish law does not allow the relocation to be carried out directly from...
SPX500_m bulls down but not out :: InvestMacro
SPX500_m set for first weekly loss since late-OctoberUS CPI & major bank earnings could move indexSPX500_m under pressure on daily chartsHowever, prices still above 50, 100 and 200-day SMAKey levels of interest at 4798, 4700 and 4640It’s been a rough start to the...
FCA cancels Apex Legal Limited’s permission to conduct regulated services
The UK Financial Conduct Authority (FCA) has cancelled the Part 4A permission of Apex Legal Limited. The cancellation is effective as of January 5, 2024. The Authority has taken this action because, it considers that the firm is carrying on no regulated activity to...
The UK economy shows resilience to high interest rates. The Chinese yuan is under pressure :: InvestMacro
By JustMarketsAs of Thursday’s stock market close, the Dow Jones (US30) index added 0.03%, while the S&P 500 (US500) index fell by 0.34% yesterday. The NASDAQ Technology Index (US100) closed at a negative 0.56% on Thursday. Interest rate-sensitive technology...
eToro issues update to eToro wallet users in Germany
Online broker eToro has informed its German clients that, as of January 14, 2024, eToro wallet services will no longer be available. This means that as of this date: Clients will no longer have access to their eToro wallet. They will no longer be able to transfer...
Exclusive: LSEG Marketing Director Rohan Shams leaves for ICE
FNG Exclusive… FNG has learned that longtime London Stock Exchange Group (LON:LSEG) Director of Marketing Strategy Rohan Shams has left the company, and joined rival financial exchange operator Intercontinental Exchange Inc (NYSE:ICE), as Director, Fixed Income and...
Interactive Brokers updates IBKR Mobile app
Electronic trading major Interactive Brokers has enhanced the IBKR Mobile app. There is a new dashboard-like design which allows customization for any level of trader. In addition, there are improved access shortcuts and widgets that let users personalize the app. A...
Binance completes conversion of BUSD token balances to FDUSD
Binance has completed the conversion of BUSD token balances to FDUSD for eligible users. Users may confirm the receipt of FDUSD tokens by checking their Distribution History or Conversion History page. All eligible BUSD balances in users’ Spot and Funding Wallets were...
Exclusive: IG Group names Eren Eraslan as Head of Northern Europe
FNG Exclusive… FNG has learned that leading UK online brokerage IG Group (LON:IGG) has named Eren Eraslan as the company’s new Head of Northern Europe. Eren Eraslan joined IG Group in 2022, based in Frankfurt, as Head of Germany and Austria, so his new position...
Stuart Neal assumes role of Boku CEO
Provider of mobile payment solutions Boku Inc (LON:BOKU) announces that Stuart Neal was appointed CEO on 1 January 2024. He is expected to be appointed as a director of the company on 17 January 2024. Mr Neal was Chief Financial Officer of Boku between 2012 and 2014...
State Street appoints Terri Dempsey as Ireland Country Head
State Street Corporation (NYSE:STT) today announced the appointment of Terri Dempsey as country head of Ireland. Ms Dempsey will oversee the delivery of services and strategy for all of State Street’s operations in Ireland and report to Executive Vice President Cuan...
Hung over as it awaits NFP :: InvestMacro
By ForexTime NQ100_m continues to pullback from all-time highsThe 161.8 golden Fib ratio is the nearest term supportPrices trading below 21-day EMALatest selloff confirms negative RSI divergenceUS jobs data could inject more volatilityThe NQ100_m has closed lower for...
BRICS continues to expand. Fitch downgrades Chinese companies again :: InvestMacro
By JustMarketsAs of Wednesday’s stock market close, the Dow Jones (US30) index decreased by 0.76%, while the S&P 500 (US500) index was down by 0.80% yesterday. The NASDAQ Technology Index (US100) closed negative by 1.18% on Wednesday. The S&P 500 Index (US500)...
Visa introduces Web3 Loyalty Engagement Solution
Visa (NYSE:V) today announced the launch of the Visa Web3 Loyalty Engagement Solution. The new value-added service ushers in the future of customer engagement and loyalty, helping brands meet next-generation customers where they increasingly are – in digital and...
Xetra-Gold closes 2023 with holdings of nearly 200 tonnes
The gold holdings of the exchange-traded bearer bond Xetra-Gold (ISIN: DE000A0S9GB0) decreased to 198.7 tonnes at the end of the year 2023. This is a reduction of 31.5 tonnes over the course of the year. At the beginning of 2023, the volume was at 230.2 tonnes of...
eToro adds seven UCITS ETFs to lineup of investment instruments
Online broker eToro today announced the addition of seven UCITS ETFs to its lineup of investment instruments. The latest additions include: $IUAA.L $SDIA.L $PPFB.DE $3QSS.DE $8PSG.DE $XAD6.DE $WCO2.DE All seven ETFs are traded in Europe and considered as real for most...
Strong FX trading sends Saxo Bank volumes up 2% in December 2023 to $369.5B
Copenhagen based Retail FX and CFDs broker Saxo Bank closed out 2023 on a positive note, posting a 2% month-over-month increase in client trading volumes in December 2023, led by strong core FX trading activity. FX trading volumes for December came in at $134.8...
Monex announces start of business alliance with NTT DOCOMO
Online trading company Monex, Inc. today announced the start of a business alliance with NTT DOCOMO, Inc. The aim of the alliance is to provide customers the most innovative asset building services by bringing together the strengths of NTT DOCOMO’s customer base and...
Barclays appoints Naohiko Baba as Chief Japan Economist and Head of Japan Research
Barclays today announced that Naohiko Baba has joined Barclays Securities Japan Limited and been appointed to the position of Managing Director, Chief Japan Economist and Head of Japan Research, effective 1 January 2024. He will be reporting to Christian Keller, Head...
Exclusive: The Trading Pit names Darcy Corbett as Head of Digital Marketing
FNG Exclusive… FNG has learned that Cyprus based prop trading firm The Trading Pit has named Darcy Corbett as the company’s new Head of Digital Marketing. Darcy Corbett joined The Trading Pit last year in its marketing team. He worked the previous two year at FXGT,...
CME fines, bars trader for prearranging numerous transactions
International derivatives marketplace CME Group has posted a notice of disciplinary action against Sungbeon Kang. The Chief Regulatory Officer of CME Group’s Market Regulation Department issued charges against Sungbeon Kang for violating CME Rules 539 and 432.L1....
3 AI researchers look to the challenges ahead in 2024 :: InvestMacro
By Anjana Susarla, Michigan State University; Casey Fiesler, University of Colorado Boulder, and Kentaro Toyama, University of Michigan 2023 was an inflection point in the evolution of artificial intelligence and its role in society. The year saw the emergence of...
Euronext completes €200M share repurchase program
Pan-European market infrastructure Euronext today announced that it has completed the share repurchase program announced on 27 July 2023. Between 31 July 2023 and 3 January 2024, 2,870,787 shares, or approximately 2.7% of Euronext’s share capital, were repurchased at...
Mizuho Americas appoints Bill Featherston as Managing Director and Head of Research
Mizuho Americas today announced the hiring of Bill Featherston as Managing Director and Head of Americas Research. He will report to Darlene Pasquill, Head of Equity Division, Mizuho Americas. Bill Featherston Mr Featherston brings nearly 30 years of experience in...
Gold bears linger ahead of Fed minutes :: InvestMacro
Gold in corrective wave on D1 uptrend.Price slipped below 50 LWMA on H4 time frame.4 potential bearish targets if 2055.82 breached.Bearish scenario invalidate above 2078.99 levelWatch out for ISM, Jolts data and Fed minutesGold regained some upward momentum in the...
As we ring in 2024, can the US economy continue to avoid a recession? :: InvestMacro
By D. Brian Blank, Mississippi State University and Brandy Hadley, Appalachian State University With economic forecasters rewriting their 2024 outlooks following recent moves from the Federal Reserve, The Conversation turned to two financial economists to share their...
Today, investor interest is focused on the FOMC minutes :: InvestMacro
By JustMarketsAs of Tuesday’s stock market close, the Dow Jones (US30) index was up 0.07%, while the S&P 500 (US500) index decreased by 0.57% yesterday. The NASDAQ Technology Index (US100) closed negative by 1.63% on Tuesday. The S&P 500 (US500) fell to a...
Exclusive: ATFX Chairman Joe Li on acquisitions, and Retail FX in 2024
FNG Exclusive Interview… 2023 was a very busy year for M&A activity in the FX and CFDs brokerage sector. And with industry consolidation being one of the key themes of the year in our Top FX and CFD trading industry news stories of 2023, we thought it would be a...
Institutional FX trading volumes see seasonal 2% decline in December 2023
Closing out a fairly active 2023 for leading institutional eFX trading venues, December saw a slight 2% month-over-month decline in average trading volumes, which is not unusual given that much of late December is (almost) always quiet in the financial markets. Two of...
Tesla and Amazon once again lead eToro list of most widely held stocks
Online broker eToro has just published the data about most widely held stocks in the fourth quarter of 2023. Retail investors continued to back weight loss drugmakers in Q4 while also locking in profits from some of 2023’s biggest cash cows, according to the latest...
Wirex incorporates ZeroFox’s Dark Web Monitoring tool
Web3 money platform Wirex has announced a significant enhancement in its measures to combat Dark Web activities and money mule threats. The company has seamlessly incorporated ZeroFox’s Dark Web Monitoring tool into its system, creating a unified solution. This way, a...
TradingView, Devexperts establish DXtrade backend integration
TradingView and Devexperts officially announced the facilitation of a direct trading integration process to deliver enhanced services to mutual broker partners. This collaboration allows Devexperts’ clients to integrate their DXtrade trading backend into the...
SEC seeks entries of default against SW Financial reps for violations of Reg BI, excessive trading
The Securities and Exchange Commission (SEC) is seeking entries of default against Michael Blumer, John Kuprianchik, David Page, Steven Thompson, and Joseph Todaro – defendants in a lawsuit concerning violations of Regulation Best Interest and excessive trading. On...
Six Reasons This Vancouver Expert Thinks Silver Could Soar Beyond US$30 :: InvestMacro
Potential for Explosive Price RiseMany precious metal analysts suggest that silver prices could experience an “explosive” rise in 2024 if global supplies continue to fall short of demand.This suggests that there may be significant upside potential for silver...
FCA warns against clone of Eightcap
The UK Financial Conduct Authority (FCA) has issued a warning against a clone of Eightcap Group Ltd. Clones are fraudulent entities that abuse the data (name, address, logo, etc) of regulated companies in order to mislead potential victims and lure them into investing...
Interactive Brokers registers 13% Y/Y rise in DARTs in December 2023
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just published its key operating metrics for December 2023. The brokerage registered 1.972 million Daily Average Revenue Trades (DARTs) in December 2023, 13% higher than prior year and 4%...
Dany Mawas joins Markets.com as South Africa CEO
Retail FX and CFDs broker Markets.com, part of the Finalto group, has announced the appointment of Dany Mawas as the new CEO of Markets.com South Africa. Dany Mawas brings over 15 years of international experience in the finance industry, with a focus on investor...
Interactive Brokers appoints Rich Repetto as independent director
Electronic trading major Interactive Brokers Group Inc (NASDAQ:IBKR) today announced the appointment of Rich Repetto as an independent director of the firm effective January 1, 2024. “We are pleased to announce the appointment of Rich to the Board of Directors...
RoboMarkets’ R StocksTrader Mobile Trading Platform Recognized as the Best of 2023 in Europe :: InvestMacro
RoboMarkets, a European financial brokerage and the creator of the R StocksTrader trading platform, has announced its industry award win at the Professional Trader Awards event. The R StocksTrader mobile application was acknowledged as the “Best Mobile Trading...
Webull launches brokerage services in Canada
Webull Corporation, the owner of the Webull trading platform, today announced the launch of brokerage services in Canada. Through licensed financial services trading firm Webull Securities (Canada) Ltd., Canadian residents will be able to trade both Canadian- and...
3 Potential Monster Movers :: InvestMacro
Global financial markets are set to be influenced by a cocktail of themes in the new year.An anticipated pivot by the Federal Reserve to rate cuts, geopolitical risks and the US elections among other factors could translate to heightened volatility!Here are 3 assets...
CoinShares announces changes to Exec Management Committee
CoinShares International Limited, an alternative asset manager specialising in digital assets, has announced changes in the composition of the Executive Management Committee. Lewis Fellas, Head of CoinShares Hedge Fund Solutions, has been appointed as a member of the...
The geopolitical situation in the Middle East is heating up again. Asia’s growth outlook outperformed the Eurozone :: InvestMacro
By JustMarketsAt Friday’s stock market close, the Dow Jones (US30) index decreased by 0.06% (for the week +0.91%, for the year +13.74%), while the S&P500 (US500) index was down 0.28% (for the week +0.33%, for the year +24.73%) on Friday. The NASDAQ Technology...
HSBC closes sale of its retail banking business in France to CCF
HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France to CCF, a subsidiary of My Money Group. All necessary regulatory approvals were obtained and the transaction completed on 1 January 2024. Commenting on the transaction, Noel...
CQG adds new Time and Sales Options widget to CQG Desktop platform
CQG, a provider of high-performance technology solutions for traders, brokers, commercial hedgers and exchanges, has updated CQG One and CQG Desktop. The enhancements in CQG One & CQG Desktop Version 8.11 include: General Added new linking mode so some widgets can...
Exclusive: Adam Collins named EMEA Head of FX Sales at LSEG FX
FNG Exclusive… FNG has learned that London Stock Exchange Group plc (LON:LSEG) has named Adam Collins as EMEA Head of FX Sales at its LSEG FX unit. Adam Collins joined LSEG via its 2021 acquisition of Refinitiv, where he was Head of Sales – FX Solutions Europe. Before...
Hargreaves Lansdown’s director Moni Mannings joins Board of the Co-operative Group
Hargreaves Lansdown plc (HL) confirms that Moni Mannings, a Non-Executive Director of HL, has been appointed to the Board of the Co-operative Group as an Independent Non-Executive Director and Senior Independent Director with effect from January 2, 2024. Moni Mannings...
HKEX welcomes Xing Guiwei to its Risk Management Committee
Hong Kong Exchanges and Clearing Limited (HKEX) welcomes Xing Guiwei, the new chairman of Hong Kong Interbank Clearing Limited (HKICL), to its Risk Management Committee (statutory) (RMC). His appointment is in accordance with the Securities and Futures Ordinance. Xing...
eToro announces Tangany as new crypto custodian for customers in Germany
eToro Germany has announced that the custody of crypto assets for eToro customers in Germany will be handled by Tangany GmbH. Tangany is a Munich-based crypto custody service provider supervised by the German Federal Financial Supervisory Authority (BaFin). As of...
Plus500 announces passing away of Sigalia Heifetz
Forex and CFD broker Plus500 Ltd (LON:PLUS) announces that Sigalia Heifetz, Non-Executive Director, passed away on 30 December 2023. Sigalia Heifetz The company stated: “The Board and colleagues from Plus500 would like to share their deepest condolences with Sigalia’s...
Publicly traded FX/CFD brokers see shares flat in 2023, but with (very!) mixed results
As we ring in the new year and look back at 2023, a good barometer of what has been going on overall in the global FX and CFDs brokerage sector is taking a look at the publicly traded brokers, and how their shares have performed. While the vast majority of the...
FX week in review: TibiGlobe launch, NAGA fined €150K, INFINOX record Revenues, Fxview hires
It was an abbreviated news week over the holiday season, but there were still some fairly interesting items to report as we closed out a very eventful 2023 in the FX and CFDs trading industry. Who is behind the launch of new Cyprus based (and South Africa licensed)...
Japanese index became the best-performing stock index in Asia :: InvestMacro
By JustMarketsAt yesterday’s stock market close, the Dow Jones Index (US30) increased by 0.14%, while the S&P 500 Index (US500) was up by 0.04%. The NASDAQ Technology Index (US100) closed negative by 0.03% on Thursday. The Dow Jones Industrials (US30) and...
Year of Record Highs :: InvestMacro
By ForexTimeThis year has seen its share of surprises and shockers, to say the least.Investors and traders had to battle with a US and European banking crisis in March, the outbreak of the Israel-Hamas war in October, all while contending with the uncertainties over...
Ichimoku Cloud Analysis 29.12.2023 (EURUSD, XAUUSD, NZDUSD) :: InvestMacro
By RoboForex.comEURUSD, “Euro vs US Dollar” EURUSD is testing the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.1040 is expected, followed by a rise to 1.1235. An...
BGC Group updates Q4 2023 outlook
Global brokerage and financial technology company BGC Group, Inc. (NASDAQ:BGC) today announced that it has updated its outlook for the quarter ending December 31, 2023. BGC expects to be around the high-end of its previously stated outlook ranges for revenue and...
CySEC reaches €150k settlement with NAGA Markets Europe
The Cyprus Securities and Exchange Commission (CySEC) has reached a €150,000 settlement with NAGA Markets Europe. The meeting where the regulatory decision was made took place in March 2023. However, the decision was announced today. The settlement is in accordance...
CFl’s 2024 Outlook: Navigating the End of Inflation and a Surge in Equity Markets
Given the recent trends across markets this year, how could 2024 play out based solely on well-educated expectations? CFI reveals seven well-reasoned ideas of how the global markets could look in 2024. CFI Financial, the leading online trading provider in the MENA...
How Red Sea attacks on cargo ships could disrupt deliveries and push up prices – a logistics expert explains :: InvestMacro
By Gokcay Balci, University of Bradford Attacks on international cargo ships in the Red Sea from Houthi-controlled Yemen have seen several cargo vessels hit by missiles and drones in recent days.In response, global shipping companies and cargo owners – including some...
TradeStation updates its mobile trading app
TradeStation has released version 7.7.3 of the TradeStation – Trade & Invest app for iOS-based devices. The solution comes equipped with a raft of enhancements. Options Chain Customization: Introducing the ability to customize the number of strikes displayed on...
The decline in global bond yields supports stock indices :: InvestMacro
By JustMarketsAt yesterday’s stock market close, the Dow Jones Index (US30) added 0.30%, while the S&P 500 Index (US500) was up by 0.14%. The NASDAQ Technology Index (US100) closed positive by 0.16% on Wednesday. A decline in global bond yields is lending support...
Interactive Brokers introduces Tax Loss Harvest tool to its retail traders
Electronic trading major Interactive Brokers has introduced the Tax Loss Harvest tool to its retail traders. Traders can use this tool to realize the tax benefits of both long- and short-term capital losses more easily. To open the tool, right-click a position and...
Solana pulling back after stunning 2023 rally! :: InvestMacro
By ForexTime Solana skyrocketed by as much as 1155% this yearTechnical pullback warranted after such eye-watering gainsThis crypto still holds year-to-date gains of about 950% despite recent dropSolana likely surged as crypto sector recovers from FTX/SBF saga, amid...
Valdas Dapkus and Tradewale ordered to pay $2.8M for Retail FX fraud scheme
U.S. derivatives market regulator Commodity Futures Trading Commission (CFTC) has announced that the U.S. District Court for the District of New Jersey issued a default order of final judgment against Illinois-based Valdas Dapkus on November 28. On May 4, the court...
Top FX and CFD trading industry news stories of 2023
Amid the backdrop of fairly strong equity markets globally, continued inflation, but fairly stable cross-currency rates, the online trading FX and CFDs industry had a fairly good year overall in 2023. However, as we’ve seen previously, it was a very...
TradingView introduces Stock screener, Crypto coins screener, and ETF screener
TradingView is introducing its new products: Stock screener, Crypto coins screener, and ETF screener. They’re built based on traders’ feedback, so they offer unmatched speed, functionality, and screening capabilities. You can find them in the main menu: click Products...
FCA warns against clone of XTB
The UK Financial Conduct Authority (FCA) today issued a warning against a clone of online brokerage XTB. Clones are fraudulent entities that abuse the details (address, license, logo, etc) of authorized firms in order to lure potential victims more easily. Clones have...
Monex to acquire majority stake in digital asset manager 3iQ
Tokyo-based online trading company Monex Group, Inc. (TYO:8698) will acquire the majority stake of 3iQ Digital Holdings, Inc., a pioneer in crypto asset management in Canada. 3iQ, which is licensed in Ontario, Canada, recently unveiled a groundbreaking development –...
CySEC reaches €50k settlement with BCM Begin Capital Markets
The Cyprus Securities and Exchange Commission (CySEC) today announced a €50,000 settlement with BCM Begin Capital Markets. CySEC, under article 37(4) of the Cyprus Securities and Exchange Commission Law of 2009, may reach a settlement agreement regarding any violation...
FINRA imposes $5.5M fine on LPL Financial
LPL Financial LLC has agreed to pay a $5.5 million fine as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From January 2012 to August 2019, LPL failed to reasonably supervise transactions that the firm’s registered representatives...
Exclusive: Todor Georgiev leaves FXGlobe for COO role at Traders Trust
FNG Exclusive… FNG has learned that experienced FX industry executive Todor Georgiev has joined Cyprus based Retail FX and CFDs broker Traders Trust, as Chief Operations Officer (COO). Todor Georgiev joins Traders Trust from rival broker FXGlobe, where he was also...
Credit Suisse pays $3.9M fine for misconduct by its relationship managers in Singapore
The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $3.9 million on Credit Suisse AG for its failure to prevent or detect misconduct by its relationship managers (RMs) in the Singapore branch. The RMs had provided clients with inaccurate or...
Oil rises in price amid rising geopolitical risks in the Middle East. Santa Claus rally supports broad market :: InvestMacro
By JustMarketsAt yesterday’s stock market close, the Dow Jones Index (US30) was up by 0.43%, while the S&P 500 Index (US500) added 0.42%. The NASDAQ Technology Index (US100) closed positive by 0.54% on Tuesday. Stocks rose on Tuesday in leisurely holiday trading...
Brent oil eases lower on “death cross” :: InvestMacro
By ForexTimeFed pivot, geopolitical fears have fuelled oil’s recent reboundBrent’s 50-day SMA now crossing below 200-day counterpartSuch a “death cross” could signals declines ahead for oil pricesAfter the last “death cross” in Sept 2022, Brent fell by a further 21%...
Why the S&P 500 tends to climb this time of year? :: InvestMacro
By ForexTime SPX500_m pushing higher today to kick off “Santa Rally” period“Santa Rally” period typically refers to last trading week of December and first 2 trading days of new yearS&P 500 has climbed in 4 out of the past 5 “Santa Rally” periodsUS stocks soared...
Exclusive: CFDs broker TibiGlobe launches, headed by Marinos Vassiliou (CEO) and Eleni Nicolaou (Partnerships)
FNG Exclusive… FNG has learned that a new Retail FX and CFDs brokerage brand has launched, called TibiGlobe (website tibiglobe.com). TibiGlobe offers trading on the MT5 platform and is run mainly from Cyprus, but operates as a South Africa regulated entity, with an...
Exclusive: Fxview hires Tickmill exec Christoforos Panagiotou as Africa Regional Manager
FNG Exclusive… FNG has learned that Cyprus based Retail FX and CFDs broker has continued on its recent hiring spree, adding Christoforos Panagiotou as Africa Regional Manager. Christoforos Panagiotou joins Fxview from Tickmill, where he worked for the past seven years...
INFINOX reports record Revenues of $130M for FY2023
Online trading provider INFINOX Capital Ltd (UK) has announced that it has maintained steady financial performance in fiscal 2023 (year ended March 31), with Revenues of £15.7 million (2022: £17.1 million), whilst the INFINOX brand globally reported record Revenues of...
Exclusive: Velocity Trade gets Singapore MAS Capital Markets Services license
FNG Exclusive… FNG has learned that Canada based broker Velocity Trade has continued on its global march, receiving approval late last week for a Capital Markets Services license in Singapore, from local regulator MAS. Will Robbins Velocity Trade has been ramping up...
Exclusive: Fxview hires Orbex exec Feras Mahmoud to head Risk Management
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Fxview has hired Cyprus based executive Feras Mahmoud, as the company’s new Head of Risk Management. Feras Mahmoud joins Fxview from rival broker Orbex, where he spent the past six years, as Head of...
Steel, DowJones, Soybeans & Bonds lead Bullish & Bearish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on December 19th.This weekly Extreme Positions report highlights the Most Bullish and Most...
FX week in review: NAGA Group sold, Prospero Markets loses license, eToro Italy head
Which Retail FX and CFD brokerage operator is merging with NAGA Group, and in the process taking over 75% ownership in the combined company? Why did Australia based, China-focused Retail FX and CFDs broker Prospero Markets have its ASIC AFS license suspended? Who is...
StoneX enables Swift’s new solution for cross-border payments
Clients of StoneX’s payments business, StoneX Payments, will benefit from the adoption of Swift’s pre-payment validation technology. Swift recently introduced its Payment Pre-validation service, which allows for the verification of beneficiary account details before...
USDInd breaks down ahead of US inflation data :: InvestMacro
By ForexTimeUSDInd now trading at lowest since end-JulyHoliday season tends to see lighter trading activityStill, today’s US inflation data release could trigger a pre-Christmas move for the greenbackSofter-than-expected PCE deflators may send USDInd sharply lowerThe...
BarnBridge DAO, founders to pay over $1.7M to settle SEC charges
The Securities and Exchange Commission (SEC) today announced that BarnBridge DAO, a purportedly decentralized autonomous organization, and its two founders, Tyler Ward and Troy Murray, will pay more than $1.7 million to settle charges that they failed to register...
How government payments to the vulnerable can multiply to create economic growth for everyone :: InvestMacro
By Conrad Nunnenmacher, United Nations University; Franziska Gassmann, Maastricht University, and Julieta Morais, United Nations University The economic fallout of COVID-19 left people around the world facing a significant threat to their livelihood. As governments...
Estonian c-bank fines Bigbank AS
Eesti Pank, the central bank of the Republic of Estonia, today issued a notice to Bigbank AS regarding a violation of the mandatory reserve requirement and imposed a fine of 10,430.53 euros. According to the notice, the average balance of Bigbank AS’s reserve account...
4 business lessons from the Boston Tea Party :: InvestMacro
By Jay L. Zagorsky, Boston University December 2023 marks the 250th anniversary of the Boston Tea Party, one of the most famous events leading up to the Revolutionary War. On the night of Dec. 16, 1773, Colonists marched aboard three ships and threw more than 90,000...
Paxos expands to Solana blockchain
Blockchain and tokenization infrastructure platform Paxos today announced a strategic expansion of its stablecoin issuance to the Solana blockchain platform. Previously exclusive to Ethereum, this initiative represents a significant milestone for the innovation and...
Japan sees inflationary pressures easing. Angola leaves OPEC+ :: InvestMacro
By JustMarketsAs of Thursday’s stock market close, the Dow Jones Index (US30) was up by 0.87%, while the S&P 500 Index (US500) added 1.03%. The NASDAQ Technology Index (US100) closed positive by 1.26% on Thursday. Thursday’s US Q3 GDP reports and the Philadelphia...
Exclusive: 4T Markets posts £300K loss in first full year of operation FY2023
FNG Exclusive… FNG has learned that London based Retail FX and CFDs broker 4T Markets Limited posted a net loss of £300,000 in fiscal year 2023 (year ended March 31), its first full year of operation under its new brand. As was also exclusively here at FNG, the FCA...
Plus500 proposes changes to terms of proposed election of Anne Grim
Online trading company Plus500 Ltd (LON:PLUS) announces an update to the terms of the proposed election of Ms. Anne Grim as a director in the company, such that she will now be put forward for election as an Independent Non-Executive Director for a one-year term,...
Number of unauthorized investment websites blocked in Italy reaches 1,000
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to five new unauthorized investment websites, with the total reaching 1,000. This milestone has been reached in just over four years of commitment, after in the latest “squeeze”...
CFI launches Beta Version of its in-App AI Trading Assistant
Leading MENA based broker CFI has announced the launch of the Beta Version of its in-App AI Trading Assistant. CFI first announced an AI-based trading automation tool, Capitalise AI, earlier this year that helps traders automate strategies without the need to have...
HSBC obtains approval of Canadian MoF for sale of HSBC Canada to RBC
HSBC Holdings plc today posted an update on the sale of its business in Canada (HSBC Canada) to Royal Bank of Canada (RBC), subject to regulatory and governmental approvals. On 21 December 2023 the Canadian Federal Government’s Minister of Finance approved the sale,...
Prospero Markets has its ASIC AFS license suspended
Following our FNG Exclusive report from last month that Australia police had raided the offices of ASIC licensed Retail FX and CFDs broker Prospero Markets, as part of a wider action taken against a China based money laundering ring, Australia financial regulator ASIC...
Match-Trader platform December updates include social trading take-profit, blockchain verification features
Cyprus based trading platform and tech solutions provider Match-Trade Technologies has unveiled a number of enhancements made during the month of December 2023 to its Match-Trader multi-asset trading platform, which include an array of solutions tailored for FX and...
Circle secures conditional DASP registration in France
Fintech firm Circle today announced receipt of a conditional registration as a Digital Asset Service Provider (DASP) with the French Financial Markets Authority (AMF). Circle has also announced the selection of payments industry veteran Coralie Billmann to spearhead...
Hedge funds and large investors are locking in positions ahead of the Christmas holidays :: InvestMacro
By JustMarketsAs of Tuesday’s stock market close, the Dow Jones Index (US30) decreased by 1.27%, while the S&P 500 Index (US500) was down by 1.47%. The NASDAQ Technology Index (US100) fell by 1.50%. Stocks went up first on Wednesday, with the S&P 500...
Cboe to offer daily expiries for Russell 2000 Index options suite
Cboe Global Markets, Inc. today announced it plans to launch Tuesday and Thursday-expiring Russell 2000® Index weekly (RUTW) options and Mini-Russell 2000® Index weekly (MRUT) options, beginning Monday, January 8, 2024. With these new listings, Cboe expands its...
Jap225_m squeezed into “symmetrical triangle” :: InvestMacro
By ForexTimeJapan’s benchmark stock index pares post-BoJ gainsThis index could be en route to “5th distinct touch”Friday’s Japan’s CPI release may be next volatility trigger Jap225_m, has not been immune from the pullback seen across global stocks over the past 24...
Diego De Giorgi to assume role of StanChart CFO on Jan 3, 2024
Diego De Giorgi will succeed Andy Halford as Standard Chartered PLC’s Group Chief Financial Officer with effect from 3 January 2024. Andy Halford will step down from the Board and as GCFO on 2 January 2024 and will continue as a Senior Adviser to the Group until his...
Belgium’s FSMA warns against BTC20.com
Belgium’s Financial Services and Markets Authority (FSMA) has issued a warning against the website marketing the BTC20 virtual currency. The FSMA has become aware of the website https://btc20.com, which distributes the BTC20 virtual currency. Btc20.com indicates that...
Options appoints ex-Fixnetix exec Jenni Sellick as VP, Legal and Commercial Manager
Capital markets services provider Options Technology today announced the promotion of Jenni Sellick to the position of Vice President, Legal and Commercial Manager. The appointment comes as part of Options’ long-term succession strategy and follows Claire Mckillen’s...
Fund distribution looms in investor lawsuit against FXCM Inc
Several months after the New York Southern District Court approved a $6.5 million settlement in the class action lawsuit against FXCM Inc (now known as Global Brokerage Inc), a fund distribution seems closer. On December 20, 2023, Class Representatives Shipco...
Interactive Brokers expands its menu of investment products
Electronic trading major Interactive Brokers has recently expanded the offering available via the IBKR platform. Traders are invited to visit the Products, Exchanges and Contracts search tool from the Trading > Product and Exchange Search menu on the IBKR website....
XS.com hires Fabian Frantz from INFINOX for South Africa BizDev
Retail FX and CFDs broker XS.com has announced another addition to a long list of new hires, hiring Cape Town based executive Fabian Frantz to the role of Business Development Director for its operations in South Africa. He will be reporting directly to Group Chief...
FlexTrade, LSEG partner on fully integrated FX solution
FlexTrade Systems, a provider of multi-asset execution and order management systems, and LSEG today announced a partnership to deliver FlexTRADER EMS clients seamless access to FXall, LSEG’s leading electronic trading platform for global currency products. The move is...
Refinitiv Transaction Services to pay $3.5M fine as part of settlement with Quebec’s AMF
Quebec’s Financial Markets Authority (AMF) has reached an agreement with Refinitiv Transaction Services Pte. Ltd. pursuant to which the latter will pay an administrative monetary penalty in the amount of $3,500,000 for having carried on business as an exchange in...
iSAM Securities’ new Crypto Margin Facility – chat with Sam Johnson
FNG Exclusive Interview… This September, London based prime-of-prime broker and liquidity solutions provider iSAM Securities made a leap into the world of cryptocurrency with the launch of its cutting-edge Crypto Margin Facility, enabling clients to deposit digital...
EBS NDF trading to move to single liquidity pool
Starting October 2024 EBS NDF trading will move to a single liquidity pool. This consolidation will drive trading and operational efficiencies for the FX marketplace by creating a unified global liquidity pool for NDF trading on EBS. The move will consolidate the...
Avinash Singh and Highrise Advantage hit with $102M forex fraud judgment
U.S. derivatives market regulator The Commodity Futures Trading Commission (CFTC) has announced that Judge Carlos E. Mendoza of the U.S. District Court for the Middle District of Florida issued a default judgment granting a permanent injunction and imposing monetary...
MT5 platform beta build 4120 enables trading report export, introduces new MQL5 functions
Fintech company MetaQuotes will release beta build 4120 of the MetaTrader 5 platform on Thursday, December 21, 2023. The new version provides the ability to save trading reports as HTML and PDF files. With this option, you can easily share your trading achievements...
ICE reports record liquidity across its global natural gas futures markets
Intercontinental Exchange, Inc. (NYSE:ICE) today announced record liquidity across its global natural gas futures markets, including record open interest in ICE’s Henry Hub natural gas futures market. On December 18, 2023, ICE reached record open interest of 20.2...
China kept interest rates at current levels. The conditions for a rally have formed again for oil :: InvestMacro
By JustMarketsAs of Tuesday’s stock market close, the Dow Jones Index (US30) was up by 0.68%, while the S&P 500 Index (US500) added 0.59%. The NASDAQ Technology Index (US100) closed positive by 0.66%. Meanwhile, the Dow Industrials (US30) and NASDAQ (US100)...
Virgin Money appoints Lucinda Charles-Jones as Non-Exec Director
Virgin Money today announced the appointment of Lucinda Charles-Jones as an independent Non-Executive Director of the company with effect from 22 January 2024. Once a transition and handover period are completed, she will replace Darren Pope as Chair of the...
Can Crude break out of downtrend? :: InvestMacro
By ForexTime Fed pivot last week sparked oil price recovery; extended by Red Sea disruptionsCrude now testing resistance at downward trendlineElliot Wave: correction wave now underway“Death cross” looms for crude oilTraders set to react to US crude stockpiles data...
Payoneer introduces new product features to help SMBs increase payment efficiency
Financial technology company Payoneer (NASDAQ:PAYO) announced new features to improve the customer experience and help entrepreneurs easily connect with the global economy. “SMBs trust us and grow with us because we’re constantly evolving to help them in ways that...
CFTC seeks entry of default against Lions of Forex
The Commodity Futures Trading Commission (CFTC) is pushing for an entry of default in its lawsuit against Lions of Forex LLC (LOF). In its motion, filed on December 19, 2023, the regulator explains that the Court should enter default against LOF for its failure to...
INFINOX expands payment options to include EMIs
Leading global online trading provider INFINOX has announced that it is expanding its payment options to include Electronic Money Institutions (EMIs). INFINOX said that this move, strategically timed as 2023 nears its conclusion, is designed to offer clients a secure,...
Janine Goodchild to step down as Capita Employee Director
The Board of Capita PLC has reviewed its constitution to ensure that it continues to be appropriate and has agreed that it will constitute seven directors, comprising the Chairman, two Executive Directors, and four Independent Non-Executive Directors. As a consequence...
John Cincotta to join Boards of Australia and New Zealand Banking Group and ANZ BH
John Cincotta will join the Boards of Australia and New Zealand Banking Group Limited and ANZ BH PTY LTD as a Non-Executive Director, effective 15 February 2024. Mr Cincotta was one of the founders of Barrenjoey Capital Partners in 2019 and since 2022 has been a...
HK regulator warns against LonShiX and Bitbank (Global) Financial Holding Group
Hong Kong’s Securities and Futures Commission (SFC) today issued a warning against “LonShiX” and “Bitbank (Global) Financial Holding Group”, suspected of engaging in fraudulent activities purporting to be related to virtual assets. The SFC notes that LonShiX claims to...
Mox Bank officially launches Mox Invest
Mox Bank Limited today officially launched Mox Invest, a new Mox service that aims to redefine the investment experience. The launch makes Mox the first virtual bank in Hong Kong to offer trading services for U.S. and Hong Kong equities, and, simultaneously, a fund....
Swiss FINMA publishes guidance on staking services
The Swiss Financial Market Supervisory Authority (FINMA) today published guidance on staking services. The guidance sets out FINMA’s supervisory practice. The focus is on protecting customers from the risk of the staking service provider falling into bankruptcy....
Quebec Court finds PlexCoin creator Dominic Lacroix guilty
Dominic Lacroix, creator of the virtual currency PlexCoin, and Yan Ouellet, director of information technology for the project when the alleged facts occurred, were found guilty by Québec Court Judge Steve Magnan. Dominic Lacroix and Yan Ouellet were charged with,...
Interactive Brokers makes new funds and fund families available
Electronic trading major Interactive Brokers has made new funds and fund families available at the Mutual Fund Marketplace. Recent additions include: Global Fund Families Abbakus AM Azimut Investments (LU) Charteris Treasury Portfolio Mgrs. Flossbach Von Storch...
IOSCO finalizes its DeFi Policy Recommendations
After earlier this year opening a public consultation to establish a global approach in addressing DeFi risks, the IOSCO – the umbrella international policy forum for securities regulators worldwide – has published its Final Report with Policy Recommendations for...
CME Group to expand its suite of short-term metals options
International derivatives marketplace CME Group today announced that it will expand its suite of short-term metals options to include Tuesday and Thursday expiries for Gold, Silver, and Copper, pending regulatory review. With the addition of these new Weekly...
Bank of Japan disappoints Yen bulls :: InvestMacro
By ForexTime Today, Bank of Japan offered zero guidance on rate hike in 2024USDJPY climbs well past 200-day SMAHigher-than-expected Japan CPI this Friday may see USJPY test 200-day SMA for supportLower-than-expected Japan CPI may see USDJPY test 21-day SMA for...
Coinbase Derivatives Exchange becomes available through Trading Technologies
Coinbase Derivatives Exchange today announced that its crypto futures products are now available through the TT platform from Trading Technologies International, Inc. (TT), a global capital markets technology platform provider. TT customers can now trade Coinbase...
Bank of Japan disappointed investors with no plans for 2024. Oil rises due to Houthi attacks on tankers in the Red Sea :: InvestMacro
By JustMarketsAt Monday’s stock market close, the Dow Jones Index (US30) added 0.01%, while the S&P 500 Index (US500) was up by 0.45%. The NASDAQ Technology Index (US100) closed positive by 0.61%. Meanwhile, the S&P 500 (US500) rose to a 23-month-high, the Dow...
Corpay Cross-Border opens new office in Chennai, India
Corpay’s Cross-Border business expands further with the opening of a new back-office support centre in Chennai, India. The newly established office in Chennai, Tamil Nadu, India, will function as a central service hub. Phase one encompasses seven critical business...
Top 4 global market risks for 2024 :: InvestMacro
By George Prior Investors are facing a myriad of uncertainties that pose substantial risks to the stability and performance of global markets – but as ever where there are risks there are also significant opportunities.Here, Nigel Green, the CEO and founder of deVere...
TradingView adds InnovestX to list of integrated brokers
TradingView welcomes InnovestX, a leading securities company in Thailand, to its list of integrated brokers. This marks TradingView’s first collaboration with a prominent broker based in Thailand. InnovestX, the financial and investment flagship of SCBX group, is...
Capex.com acquires NAGA Group in reverse merger
Retail FX and CFD brokers NAGA Group and Capex.com have announced a merger between the two groups, which will see Capex.com’s shareholders become majority owners of the combined company. While the merger is only expected to be completed in Q2 2024 (and is subject to...
CME fines Eagle Seven for alleged violations of NYMEX rules
International derivatives marketplace CME Group has posted a notice of disciplinary action as to Eagle Seven LLC. Pursuant to an offer of settlement in which Eagle Seven LLC neither admitted nor denied any rule violations or factual allegations,a Panel of the NYMEX...
Why empathy constitutes the ultimate leadership skill :: InvestMacro
By Julia Milner, EDHEC Business School When asked what traits constitute a good leader, you may be tempted to list traditional qualities such as rationality, cool-headedness, and overall, an ability to detach oneself from one’s emotions. However, research has shown...
Exclusive: Finyard launch – chat with CEO Dmitrij Pruglo
FNG Exclusive Interview… Following our exclusive report from last week that Finyard had just launched in Cyprus as a new FX & CFD broker technology platform provider – and had added a number of high profile executives to its roster including former XM and...
Phoenix Investment House leverages Broadridge’s OMS to drive institutional trading expansion
Phoenix Investment House, the capital market, brokerage, and fund management arm of Phoenix Holdings, has selected the Order Management System (OMS) of Broadridge (NYSE:BR) to drive expansion of international institutional trading on the Tel Aviv Stock Exchange...
Changer.ae Ltd launches its crypto custodian services in the UAE
Changer.ae Ltd, a crypto custodian service, today officially launched its platform, providing individuals globally with a reliable, convenient, and accessible wallet to safeguard and manage their digital assets. Changer is regulated by the Financial Services...
eToro names Massimo Citoni as Regional Manager for Italy
Retail FX and CFDs broker eToro has announced the appointment of Massimo Citoni as Regional Manager for Italy. In this role, Massimo will lead eToro’s operations in Italy, focusing on driving market growth and achieving operational excellence. His responsibilities...
USD transfers now available to Coinbase users in Singapore
USD transfers are now available for Coinbase users in Singapore. Singapore customers already enjoy commission-free trading today when buying or selling USDC with Singapore dollars (SGD). Now, with the introduction of commission-free trading for US dollars, customers...
EUR/USD Finds Stability :: InvestMacro
By RoboForex Analytical DepartmentOn Monday, the EUR/USD pair is demonstrating stability, trading around the 1.0910 mark.Last week was notable for the currency markets, as key financial updates were released. The Federal Reserve and the European Central Bank...
FCA says Premier FX’s customers should get apology, not additional compensation
Today, the UK Financial Conduct Authority (FCA) published its response to the Financial Regulators Complaints Commissioner’s Final Report into complaints from those affected by the collapse of Premier FX Limited in 2018. In what may be viewed as a rather cynical...
GBPUSD in for an early-Christmas cracker? :: InvestMacro
By ForexTimeGBPUSD has climbed about 4.9% so far in 2023UK, US economic data to offer clues on BOE vs. Fed’s 2024 rates planForecasted trading range: 1.2528 – 1.2788Sterling is the second-best performing G10 currency against the US dollar so far in 2023.At the time of...
IG North America appoints new CFO and CTO
IG US Holdings, Inc. (IG North America) announces today it has appointed a new Chief Financial Officer, effective immediately, and a new Chief Technology Officer, effective at the end of calendar year 2023. Isaac Poore will take up the role of CFO for IG North...
Investors are expecting a Santa Claus rally. The Eurozone economy is close to a recession :: InvestMacro
By JustMarketsAt Friday’s stock market close, the Dow Jones Index (US30) was up by 0.15% (+2.90% for the week), while the S&P 500 Index (US500) closed at its opening price (+2.74% for the week). The NASDAQ Technology Index (US100) closed positive by 0.35% (+3.30%...
Visa expands Fintech Fast Track
Visa is expanding its Fintech Fast Track program beyond card issuance to connect members to Visa’s real-time money movement platform, Visa Direct. Additionally, Visa Consulting & Analytics has developed capabilities to support key needs of Fintech Fast Track...
CMC APAC institutional sales head Andrew Wood joins IG Prime
FNG has learned that experienced Sydney based executive Andrew Wood has joined IG Group’s IG Prime B2B operation in Australia, as Institutional Sales Manager. Andrew Wood joins IG from rival UK based broker CMC Markets, where he served as Head of Institutional Sales...
FINRA fines Elevation for alleged violations of rules prohibiting fraudulent trading
Elevation 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 through April 2022, Elevation’s supervisory system, including its written supervisory procedures (WSPs), was not...
Liquidnet to integrate bondIT’s Scorable Credit Analytics into its electronic trading platform
Technology-driven agency execution specialist Liquidnet and provider of next-generation investment technology bondIT announced today their partnership to integrate bondIT’s Scorable Credit Analytics into Liquidnet’s Fixed Income electronic trading platform. The...
CySEC warns against 12 unauthorized investment firms
The Cyprus Securities and Exchange Commission (CySEC) today issued a warning against 12 unauthorized investment firms. These entities have not been granted an authorization for the provision of investment services and/or the performance of investment activities, as...
Tawasal SuperApp integrates Noor Capital trading capabilities
UAE based Retail FX and CFDs brokerage Noor Capital has announced that the company and Tawasal SuperApp, a popular MENA-focused messenger and lifestyle app, will be launching integrated online trading services. The parties said that their collaboration elevates...
HK regulator imposes $1M fine on Central Wealth Securities Investment Limited
Hong Kong’s Securities and Futures Commission (SFC) has reprimanded and fined Central Wealth Securities Investment Limited $1 million for failures in complying with the Securities and Futures (Financial Resources) Rules (FRR). The SFC found that Central Wealth made...
Japanese Yen Speculators reduce bearish bets to lowest since August :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday December 12th and shows a quick view of how large market...
Raiffeisen Schweiz joins SIX Digital Exchange
Swiss banking group Raiffeisen Schweiz has joined SDX, a fully regulated financial market infrastructure for digital assets. SDX, licensed by the Swiss Financial Market Supervisory Authority (FINMA), operates a stock exchange and CSD utilizing distributed ledger...
Speculator Bets led higher by 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 December 12th and shows a quick view of how large...
Speculator Bets led higher by SOFR 3-Months & 2-Year Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday December 12th and shows a quick view of how large...
Speculator Bets led by Platinum & Palladium :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday December 12th and shows a quick view of how large traders...
Speculator Bets led this week by VIX & Russell-Mini :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday December 12th and shows a quick view of how large traders...
FX week in review: Finyard launch, BUX sold, EU CFD marketing rules
Who is behind the launch of new Cyprus based FX broker technology provider Finyard? Who has joined Finyard (from XM/Trading.com, and Exness)? Who acquired EU neobroker BUX? What happened to BUX’s Cyprus based CFDs brokerage arm Stryk? What new proposals for CFDs...
SOFR-3M, Steel, Ultra 10-Year & Soybeans lead Bullish & Bearish Positions :: InvestMacro
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on December 12th.This weekly Extreme Positions report highlights the Most Bullish and Most...
MetaQuotes releases “MQL5 Programming for Traders”, a book by Stanislav Korotky
Fintech company MetaQuotes has released a comprehensive guide to MQL5 programming, authored by algorithmic trader Stanislav Korotky with MetaQuotes’ support. The book is intended for programmers of all levels. Beginners will learn the fundamentals as the book...
Australian Court appoints receivers to Brite Advisors, following concerns raised by ASIC
Australia’s Federal Court has made orders appointing Linda Smith and Robert Kirman of McGrathNicol as corporate receivers and managers of Australian Financial Services licensee, Brite Advisors Pty Ltd. The receivers are tasked with conducting further investigations...
ICE registers record futures and options OI of 86M contracts
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that its global futures and options markets reached record open interest of 86 million contracts on December 13, 2023, surpassing the record last set on June 10, 2021. The record depth of liquidity includes...
SEC charges Mara Investments for misappropriation of investor money
The Securities and Exchange Commission (SEC) has charged Justin Murphy, a former resident of Greenwich, Connecticut, and his investment management firm Mara Investments, LLC, for fraudulent misappropriation of approximately $3.4 million of investor assets. According...
ASIC accepts enforceable undertaking from EverBlu Capital to apply for AFS license cancellation
The Australian Securities and Investments Commission (ASIC) has commenced civil penalty proceedings in the Federal Court against Adam Blumenthal alleging market rigging and breaches of his duties as a director of two companies, EverBlu Capital Pty Ltd and Creso Pharma...
Alejandro Nicolas Aguzin to step down as HKEX CEO
The Board of Directors of Hong Kong Exchanges and Clearing Limited (HKEX) today announces that Mr Aguzin, Chief Executive of HKEX, has informed the Board that he will not seek reappointment at the end of his current contract in May 2024. Mr Aguzin, Chief Executive,...
SEC charges Titanium Capital with operating Ponzi scheme
The Securities and Exchange Commission (SEC) has charged Florida-based Titanium Capital LLC and its founder Henry Abdo with operating a Ponzi scheme that raised at least $5.3 million from more than 160 retail investors in the United States and abroad. The SEC also...
Worldline announces passing of its President, Bernard Bourigeaud
Worldline announces the sudden passing of its President, Bernard Bourigeaud, at the age of 79, on December 14, 2023. Bernard Bourigeaud The company stated: “All the board members wished to pay a tribute to Bernard Bourigeaud’s career as a pioneer in the payments...
Virginia Gambale to resign as Non-Exec Director of FD Technologies
FD Technologies (LON:FDP) announces that Virginia Gambale, who is approaching the ninth anniversary of her appointment to the Board, has notified the Board of her intention to resign as a Non-Executive Director of the Group with effect from 29 December 2023....
eToro adds 700 US stocks to offering
Online broker eToro continues to expand its lineup of investment instruments. This week the company has added almost 700 new US stocks. With these additions, the number of assets on the platform exceeds 4,790. Some of the latest additions are: $OM (Outset Medical Inc)...
StoneX to pay $300,000 fine to settle ICE charges
ICE Futures U.S. has posted a disciplinary notice as to StoneX Financial Inc. A subcommittee of the Exchange’s Business Conduct Committee (BCC) determined that StoneX Financial Inc. may have violated Exchange Rules 4.15(a), 4.15(b), and 4.15(c) by failing to include a...
Exclusive: Equiti Group promotes Kinan Hassino to Sales Director
FNG Exclusive… FNG has learned that leading UAE based brokerage outfit Equiti Group has promoted Kinan Hassino to the position of Sales Director. In his new position, Kinan will be heading Equiti Abu-Dhabi’s sales effort, responsible for planning, implementing,...
CME Group sets record in SOFR open interest
International derivatives marketplace CME Group today announced that open interest in its deeply liquid SOFR complex set a new record of 60,435,467 contracts on December 12, including 48.3 million options contracts and 12.1 million futures contracts. Average daily...
Metro Bank announces Board changes
Metro Bank Holdings PLC today announces that, following the resignations of Monique Melis, Senior Independent Director and Ian Henderson, Chair of the Risk Oversight Committee, effective 31 December 2023, Catherine Brown will become the Bank’s Senior Independent...
ICE, Blockstream add crypto options data to ICE Consolidated Feed
Intercontinental Exchange, Inc. (NYSE:ICE) and Blockstream today announced the addition of cryptocurrency options data to the Cryptocurrency Data Feed offered via the ICE Consolidated Feed. Launched by ICE and Blockstream in 2018, the Cryptocurrency Data Feed offers...
MetaQuotes’ research: 86% of traders prefer working with ultra-low latencies
Fintech company MetaQuotes has conducted research focused on traders utilizing virtual servers for automated trading. The analysis covered the users of MetaTrader VPS. One of the key findings of the research concerns the network latency between the virtual machine and...
Options appoints Claire McKillen as its new VP, Financial Controller
Capital markets services provider Options Technology today announced the promotion of Claire McKillen to the position of Vice President, Financial Controller. The appointment follows Laura McCann’s promotion to Chief Financial Officer (CFO) and is the next stage in...
ESMA pushes for clear product labelling in CFD marketing materials
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published a discussion paper on the digitalisation of retail investment services and related investor protection considerations. The regulator notes that it...
Share price decline at Worldline to affect SIX earnings in 2023
In a challenging market environment dominated by inflation and rising interest rates, SIX continues its positive operational trend and expects a revenue growth of approximately 3% at constant currencies for the full year 2023. Profitability at EBITDA level is expected...
ABN Amro buys EU neobroker BUX
Amsterdam based banking group ABN Amro (AMS:ABN) has announced that it has reached an agreement to acquire BUX, one of Europe’s most rapidly growing neobrokers. With this acquisition, ABN AMRO said it aims to strengthen its footprint in the retail investment space and...
Stratos’ retail trading platform Tradu selects Crossover as primary digital asset execution partner
Crossover Markets Group, Inc. has been selected as the primary digital asset execution partner of Tradu, part of Stratos Group International, LLC, a wholly-owned subsidiary of Jefferies Financial Group Inc. Tradu crypto flow will be routed to Crossover’s CROSSx...
Copper Shortages Are Looming and Four Stocks to Benefit :: InvestMacro
Source: Ron Struthers (12/12/23)Investment in copper mining is very low at a time when it should be at record highs to accommodate electrification of world economies. Ron Struthers of Struthers Resource Stock Report looks into three promising copper exploration plays...
Traders suing Robinhood over trading restrictions renew efforts for class certification
A group of traders suing Robinhood for the trading restrictions imposed in January 2021 have renewed their efforts to secure class certification. On December 13, 2023, Blue Laine-Beveridge, Abraham Huacuja, Ava Bernard, Brendan Clarke, Brian Harbison, Cecilia Rivas,...
an energy economist outlines 3 keys to success :: InvestMacro
By Micah Lucy Abigaba, Makerere University Uganda entered into agreements in 2012 with two foreign oil entities to exploit its oil resources. Total Energies holds 56.67% of the joint venture partnership and China National Oil Offshore Company (CNOOC) has 28.33%....
Coinbase International Exchange to launch spot markets
Coinbase has announced the next phase of the Coinbase International Exchange expansion – the launch of non-US spot markets for eligible customers. This latest development is designed to address the unique needs and demands of Coinbase’s global user base while...
FxAlta and Infinity Business Brokers have their websites blocked in Italy
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to six new websites that offer financial services illegally. The websites targeted by the latest set of orders are: “Alloptionsint” (site https://alloptionsint.com and related page...
Trading Technologies launches two new dedicated business lines
Trading Technologies International, Inc. (TT) today announced the launch of two new lines of business, TT Compliance and TT Quantitative Trading Solutions (QTS), to further support the company’s growth into new asset classes. The two dedicated lines of business build...
NQ100_m waits on Fed rate decision :: InvestMacro
NQ100_m hits fresh 2023 high yesterdayIndex could be rocked by looming Fed decisionBulls in control but RSI overbought on D1 chartLevels of interest at 16770.6, 16100 & 15800The NQ100_m jumped to a fresh 2023 high in the previous session after signs of slowing...
CoinMENA FZE obtains VASP license from Dubai’s Virtual Assets Regulatory Authority
CoinMENA FZE, a subsidiary of CoinMENA B.S.C. (c), has obtained a Virtual Asset Service Provider (VASP) license for VA Broker-Dealer services from Dubai’s Virtual Assets Regulatory Authority (VARA) to operate and offer its services in and from the Emirate. CoinMENA...
DTCC names Gloria Lio Managing Director, Head of Enterprise Services
Post-trade market infrastructure for the global financial services industry DTCC has announced the appointment of Gloria Lio as Managing Director, Head of Enterprise Services. Lio, who joined the company on December 11, 2023, will also serve as a member of the DTCC...
Acuity partners with FXBackOffice on CRM and Affiliate solutions for brokers
AI data-driven trading tools provider Acuity Trading and CRM/Affiliates solution specialist FXBackOffice have announced a new partnership. The collaboration is set to merge Acuity Trading’s advanced analytical tools with FXBackOffice’s backend solutions, to enhance...
Worldline Group’s subsidiary obtains Major Payment Institution licence in Singapore
Payment services provider Worldline announces its wholly owned subsidiary, GCS APAC has been granted Major Payment Institution license by the Monetary Authority of Singapore (MAS). The MAS license allows Worldline the opportunity to bring its innovative and...
TMF Group adopts Broadridge’s Sentry platform
Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) announces that TMF Group, a provider of critical compliance and administration services, has enhanced its private debt and Collateralised Loan Obligation (CLO) service capabilities with the adoption...
LINE NEXT raises $140M to expand Web3 ecosystem
LINE NEXT Corporation., LINE’s venture dedicated to developing and expanding the NFT ecosystem, announced today that it has secured a USD140 million investment from a consortium led by the private equity firm Crescendo Equity Partners. This investment represents the...
Exclusive: OneRoyal CMO Vince De Castro leaves to start De Castro Media
FNG Exclusive… FNG has learned that Vince De Castro has left his position as Chief Marketing Officer (CMO) of Cyprus based Retail FX and CFDs broker OneRoyal, to start a new digital marketing agency called De Castro Media (see website decastromedia.agency). Vince De...
Worldline introduces Metaverse Shopping Hub within Spatial
Payment services provider Worldline has released the Worldline Metaverse Shopping Hub within Spatial, a significant upgrade to its white-label solution for merchants seeking access to the Metaverse. Through this platform extension, online businesses will be able to...
markets are overly confident of Fed pivot :: InvestMacro
By George Prior Markets appear to be overly confident of a policy pivot by the Federal Reserve, warns the CEO of one of the world’s largest independent financial advisory, asset management and fintech organizations.The warning from Nigel Green of deVere Group comes as...
Finalto releases the 2024 edition of its Watchlist series
Each December, Finalto takes the opportunity to share the expertise and insights of their in-house experts with their customers, colleagues and industry cohorts for the upcoming year. Finalto is committed to not only being industry leaders in the services they offer,...
Marqeta appoints Alan Carlisle as Chief Compliance Officer
Global modern card issuing platform Marqeta (NASDAQ:MQ) today announced the appointment of Alan Carlisle as its Chief Compliance Officer (CCO). Mr Carlisle, previously Enterprise Chief Compliance Officer at SoFi, will be responsible for elevating and expanding...
Gold bears eye weekly support ahead of US CPI :: InvestMacro
Gold bearish on daily timeframe4 potential targets identified on H4 chart.Bearish scenario invalidated above 2039.91Watch out for US CPI report this afternoon After the spectacular bearish move on Monday 4th December, gold is back in bearish territory. This is...
Apex Fintech Solutions submits draft registration statement related to proposed IPO
Apex Fintech Solutions today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (SEC) relating to the proposed initial public offering of its common stock. The total number of shares to...
Bank of Japan’s statements mislead investors. Oil is expected to see a rise in fuel demand ahead of the holidays :: InvestMacro
By JustMarketsAs of Monday’s stock market close, the Dow Jones Index (US30) was up by 0.43%, while the S&P 500 Index (US500) added 0.39%. The NASDAQ Technology Index (US100) closed positive by 0.20% yesterday. Stocks found support on Monday on expectations that US...
Corpay Cross-Border names Andrew Shortreid its SVP Global Institutional Sales
Corpay’s Cross-Border business has appointed investment management industry veteran Andrew Shortreid, CFA as its new SVP Global Institutional Sales. Mr Shortreid has over 20 years of experience across a range of capital market verticals. Over the course of his career,...
Alex Pusco’s StreamBank sees departure of CEO Steve Pateman
Newly launched UK lending and savings bank StreamBank has announced that its CEO Steve Pateman is leaving the company as at the end of 2023. He has already formally stepped off the board of directors of StreamBank plc, effective December 11. Steve Pateman will be...
ConnexPay adds acquiring in CAD to its virtual card issuing offering
ConnexPay, an all-in-one payments platform, today announced the addition of acquiring in Canadian Dollars (CAD) to its existing virtual card issuing offering. This expansion allows ConnexPay customers to process payments seamlessly in CAD. This expansion also opens up...
AI’s impact on 3 key industries will pique investors’ interest in 2024 :: InvestMacro
By George Prior Investors should strategically position their portfolios in 2024 to capitalize on the opportunities offered by AI for certain sectors, says the CEO and founder of one of the world’s largest financial advisory and asset management organizations.deVere...
Danske Bank uses Netdania to revamp chart functionalities of its District platform
To enhance data visualisation and the charting experience of its District platform, Danish multinational financial concern Danske Bank has announced that it has entered into a strategic partnership with Netdania, part of United Fintech, in a move welcomed as a first...
US dollar set for explosive week? :: InvestMacro
Big week ahead for USD due to CPI and Fed decisionFed set to hold rates but economic projections in focusUSDInd under pressure despite recent reboundKey levels of interest at 105.30, 104.26 & 102.45Breakout/down on the horizon?Even as the clock ticks down to the...
Sucden Financial expands risk technology partnership with Nasdaq
Multi-asset execution, clearing, and liquidity provider Sucden Financial and Nasdaq today announced that they have agreed to extend their risk technology partnership, which will further enhance Sucden Financial’s ability to monitor, manage, and mitigate market and...
Brazil Real & 2-Year Bond 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 December 5th.This weekly Extreme Positions report highlights the Most Bullish and Most...
FCA warns investment platforms on how they deal with interest earned on customers’ cash balances
The UK Financial Conduct Authority (FCA) has written to investment platforms and SIPP operators setting out its concerns on the way they deal with any interest earned on customers’ cash balances. The amount of interest earned by some firms has increased as rates have...
Speculator Bets led higher by DowJones & S&P500 Minis :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday December 5th and shows a quick view of how large traders...
FP Markets announces sponsorship deal with ICC associate member Cricket Brasil
FP Markets, a global multi-asset broker, announces sponsorship deal with ICC associate member Cricket Brasil to support its Youth Development Programme. In its initial phase, the sponsorship will focus on supporting three specific areas: Education – Helping fund the...
Euro Shows Temporary Stability :: InvestMacro
By RoboForex Analytical DepartmentThe Euro’s recent stabilization against the US dollar, now hovering around 1.0766, may be short-lived. Market eyes are turning towards the upcoming two-day meeting of the US Federal Reserve, starting Tuesday and concluding late...
Citi leads strategic investment round in Colombian fintech Supra
Citi has led a strategic investment round in Supra. Far Out Ventures and H20 Capital also participated in the financing round. Supra is a Colombian fintech that enables cross-border payments and treasury solutions for small and medium-sized businesses (SMBs) that...
SPX500_m gearing up for event heavy week :: InvestMacro
SPX500_m hits new 2023 high last FridayStock index set to be injected with fresh volatilityKeep eye on US CPI and Fed decisionSPX500_m bullish on D1 chart but RSI signals overboughtKey levels of interest at 4640, 4600 and 4545After hitting a new 2023 high last Friday,...
MoneyGram names Jillian Slagter its Chief People Officer
MoneyGram International, Inc., a leading global financial technology company, today announced the appointment of Jillian Slagter as Chief People Officer (CPO). In this role, Slagter will lead the transformation of the Company’s human resources and people operations to...
The ECB and Fed will cut rates sooner than the BoE. Deflationary processes are intensifying in China :: InvestMacro
By JustMarketsAt the close of the stock market on Friday, the Dow Jones Index (US30) was up by 0.82% (+0.44% for the week), while the S&P 500 Index (US500) added 0.41% (+0.88% for the week). The NASDAQ Technology Index (US100) closed up by 0.45% (+1.66% for the...
DTCC closes acquisition of Securrency
DTCC announced it has closed on the transaction to acquire Securrency Inc., a leading developer of institutional-grade, digital asset infrastructure. DTCC announced the signing of the definitive agreement to acquire Securrency in October. With the acquisition...
Speculator Bets led by Corn & 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 December 5th and shows a quick view of how large...
Tradeweb introduces next phase of its platform integration with BlackRock’s Aladdin
Tradeweb Markets Inc. (NASDAQ:TW), a global operator of electronic marketplaces for rates, credit, equities and money markets, today introduced the next phase of its previously announced platform integration with BlackRock’s Aladdin order execution management system...
Speculators bets led Fed Funds & 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 December 5th and shows a quick view of how large...
Currency Speculators raised their British Pound bets into bullish level :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday December 5th and shows a quick view of how large market...
Speculator Bets led higher by Gold & 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 December 5th and shows a quick view of how large traders...
What is krav maga?
GYMS IN ISRAEL that teach krav maga, an Israeli martial art, have seen enrolment soar following Hamas’s terror attacks on October 7th. Training in krav maga is up in other countries, too. Many of the new krav maga enthusiasts around the world are non-Jews, so media...
How Nayib Bukele is breaking presidential term limits in El Salvador
AT MIDNIGHT ON November 30th Nayib Bukele stepped back from the presidency of El Salvador to run again in elections in February. The six months between now and June 1st, the date of the inauguration, may be the only period for a long time that he is not at the helm of...
How Israel is using drones in Gaza
THE GAZA STRIP is a risky place for an invading army: its cities provide cover for Hamas fighters, who know the terrain; it is heavily populated, with civilians often in harm’s way; fighting in built-up areas is likely to be at close quarters and consequently bloody....
What is antisemitism—and why do differences in interpretation matter?
SINCE HAMAS’S terrorist attack on Israel on October 7th, and the outbreak of war in Gaza, there has been a sharp increase around the world in reports of antisemitic incidents. The Anti-Defamation League (ADL), an NGO based in New York City, says that in the two weeks...
What does it take to expel an American congressman?
GEORGE SANTOS burned bright and briefly. Shortly after his election to Congress in November 2022, the lies he told to win the seat began to be revealed. The Republican had claimed, falsely, that his grandparents had fled the Holocaust and that his mother was at the...
Why “offshoring” asylum-seekers rarely works
ASYLUM CLAIMS in Western countries are surging. EU members are on track to receive 1m applications this year, more than at any time since the migrant crisis of 2015-16. More than 800,000 have been lodged in America in the past year, an annual jump of nearly...
Who are the Palestinians in Israel’s prisons?
Hamas hopes to swap more for Israeli hostages Your browser does not support this video. Released Palestinian prisoners are greeted in the West Bank Image: Getty Images Over the past four days, as part of a truce, Israel has released 117 Palestinian prisoners in...
Who is Geert Wilders, the surprise winner of the Dutch election?
ON NOVEMBER 22ND Geert Wilders’s anti-immigrant Party for Freedom (PVV) finished first in the Dutch general election, winning 37 of the 150 seats in parliament, or 23.6% of the vote. His victory was a huge surprise. But the beneficiary of this sudden turn to the hard...
The A to Z of the Arab-Israeli conflict
Abraham accordsBilateral agreements on Arab-Israeli normalisation signed in 2020. The first round of deals were between Israel and the United Arab Emirates and Bahrain in September 2020. Sudan normalised relations with Israel the following month and Morocco in...
Was Israel’s attack on al-Shifa hospital justified?
THE LAWS of war give special protection to hospitals. They lose that protection if they are used for “harmful” acts. Israel has long claimed that al-Shifa hospital, the largest in the Gaza Strip, serves as a key command centre for Hamas, the group which killed or took...
What is Iran’s axis of resistance?
AMERICA SAYS THAT its troops in Syria and Iraq have been attacked at least 55 times since Hamas’s assault on Israel on October 7th. Blaming Iran and its proxies across the Middle East, it has been hitting back: on November 12th America launched its third set of air...
The difference between a “ceasefire” and a “humanitarian pause”
AS THE FIGHTING in the Gaza Strip between Israel and Hamas intensifies, so do the calls for a “ceasefire”—or a “humanitarian pause”. An emergency joint summit of the Arab League and the Organisation of the Islamic Conference in Saudi Arabia on November 11th, for...
What is Israel’s Iron Beam?
FOR EVERY ten incoming rockets, Israel’s system of defensive mobile batteries, the Iron Dome, typically shoots down nine. Israel claims to have maintained that ratio even as Hamas has fired bigger salvoes from Gaza in the aftermath of the Islamist group’s attack on...
How the term “genocide” is misused in the Israel-Hamas war
MANY GOVERNMENTS and citizens are appalled by the civilian casualties from Israel’s bombardment and invasion of Gaza, which is its response to Hamas’s attack on Israel. On October 10th the Palestinian envoy to the UN, Riyad Mansour, described Israel’s actions as...
What is the American State Department’s “dissent channel”?
AMERICA’S STATE DEPARTMENT has been working overtime since war between Israel and Hamas broke out in October. Antony Blinken, the secretary of state, has travelled twice to the Middle East to emphasise President Joe Biden’s support for Israel and urge the country to...
Why covid-19 did not harm rich economies as badly as first thought
MODERN ECONOMIC statistics are best thought of as a work in progress. As new information becomes available to national statistics offices they update and revise previously published numbers. The picture of the economy comes into focus only slowly, more like an...
Who is Herzi Halevi, the chief of staff of the Israel Defence Forces?
EVEN BEFORE Hamas, the militant group that runs Gaza, attacked Israel on October 7th, Lieutenant General Herzi Halevi was in a difficult position. In January 2023, when he became chief of general staff of the Israel Defence Forces (IDF), the most senior position in...
Why Gaza’s refugee camps are so vulnerable
More than two thirds of the enclave’s population are registered refugees Your browser does not support this video. Video: Getty Images On November 1st the Israel Defence Forces (IDF) struck Jabalia, a refugee camp in northern Gaza, for the second time in two days....
What’s weird about Ireland’s GDP?
IN 2015 IRISH GDP grew by an astounding 24.5%. It shot up by another 15% in 2021, when the average growth rate in the euro area was just 5.9%. Alas, no Celtic brew had supercharged the productivity of Irish workers. Those staggering increases were the result of...
How many people have died in Gaza?
Joe Biden doubts figures issued by Gazan officials. International agencies say they are mostly accurate Your browser does not support this video. Israel has killed more than 8,000 Palestinians in its bombardment of the Gaza Strip in recent weeks, according to the...
What limits do the laws of war impose on combatants?
ON OCTOBER 24th António Guterres (pictured), secretary-general of the UN, called for an end to the “epic suffering” caused by Israel’s blockade and bombing of the Gaza strip. Hundreds of people had died in the preceding 24 hours, and on Tuesday only eight aid lorries...
How has Israel’s commercial airspace remained open?
SINCE THE bloody attack on Israel on October 7th, roughly 90% of airlines flying to Israel, including British Airways and Emirates, have suspended flights to the country. Hamas, the militant group that runs the Gaza Strip, has repeatedly fired rockets at Ben-Gurion...
What evidence reveals about the Gaza hospital blast’s source
The damage points to a malfunctioning rocket, not an air strike Your browser does not support this video. Footage appears to show the moment of the blast At around 7pm on October 17th, a blast struck the Ahli Arab hospital in Gaza city. The hospital is run by the...
What is Palestinian Islamic Jihad?
ON THE EVENING of October 17th a blast struck al-Ahli hospital in Gaza City. Thousands of civilians had been sheltering there, alongside the sick. Palestinian officials say that hundreds died. Hamas, the militant group that runs Gaza, and several Arab countries blamed...
What is Hizbullah?
ISRAEL IS AMASSING troops at its border with the Gaza Strip ahead of an expected ground invasion. At the same time it is evacuating villages near its border with Lebanon for fear that a second front could open in the north. Hizbullah, an Iran-backed Shia militant...
How China’s Belt and Road Initiative is changing
On October 17th officials from at least 90 countries are expected to arrive in Beijing for a two-day diplomatic festival. The occasion is a summit organised by Xi Jinping, China’s president, to celebrate the tenth anniversary of the Belt and Road Initiative (BRI), his...
A short history of Gaza
ON OCTOBER 7TH Hamas, the militant group that runs the Gaza Strip, attacked Israel, killing 1,300 people and taking dozens of hostages. Israel has responded with force: strikes on Gaza had killed around 1,400 Palestinians by October 12th. Residents of the strip, a...
Why the Polish election campaign has been so vicious
ON OCTOBER 9TH Mateusz Morawiecki, Poland’s prime minister, and Donald Tusk, a former prime minister and the leader of the main opposition party, faced each other in a televised debate, six days before national elections. Four other candidates were on stage, but the...
How powerful is Hamas?
IN THE EARLY hours of October 7th Hamas, the Palestinian Islamist organisation that runs Gaza, launched more than 2,000 rockets towards Israel. Over a thousand Hamas fighters, some in motorised gliders, crossed the border between Israel and Gaza. They attacked...
How America’s House of Representatives will choose a speaker
AMERICA’S HOUSE OF REPRESENTATIVES has been without a permanent speaker since October 3rd, when a handful of Republican rebels ousted Kevin McCarthy. Days later an attack thousands of miles from Washington, DC, highlighted the urgency of the problem: on October 7th...
Why France has worked itself into a frenzy about bedbugs
In a matter of days, France has turned concern about a rise in cases of bedbugs into a matter of national hysteria. “They are everywhere: in mattresses, in cinemas, trains, metros and even hospitals,” declared Le Parisien, a popular daily newspaper, in a cover story....
Can Russia repeat its winter bombing of Ukraine’s electricity grid?
LAST WINTER, having struggled to achieve progress on the battlefield, Russia sought to destroy the will of Ukraine’s people by intensifying missile attacks on civilian, as well as military, targets. The effort to break the population’s spirit failed, but strikes on...
What happens if America’s government shuts down this weekend?
ON SEPTEMBER 26TH American lawmakers returned to Washington, DC, with yet another government shutdown looming. The federal fiscal year begins on October 1st, but Congress has yet to appropriate the funding needed to keep the government running. The Senate has approved...
What is America’s farm bill, and why does it matter?
THE FARM BILL may not sound like a piece of legislation most Americans should care about. The enormous spending package, which is due for reauthorisation on September 30th, includes funding for eradicating feral swine and marketing sheep. Yet by transforming the...
Why Poland is halting its supply of weapons to Ukraine
POLAND HAS been among the staunchest supporters of Ukraine since Russia’s invasion in February 2022. But on September 20th its prime minister, Mateusz Morawiecki, said that his country was no longer supplying weapons to its neighbour, and would focus on rearming...
Could the 14th Amendment bar Donald Trump from becoming president again?
DONALD TRUMP’S campaign for re-election is dogged with legal woes. The former president faces the prospect of four criminal trials on felony charges, which will overlap with the Republican primary season and the general-election campaign. But another type of legal...
What is Khalistan, the independent homeland some Sikhs yearn for?
WHEN INDIA gained independence from Britain in 1947, few outside the country believed that a union of such diverse states could hold together. India has survived—but not without threats to its unity. One of the most enduring has been the Khalistan movement, which...
What is Khalistan, the independent homeland some Sikhs fought for?
WHEN INDIA gained independence from Britain in 1947, few outside the country believed that a union of such diverse states could hold together. India has survived—but not without threats to its unity. One of the most enduring has been the Khalistan movement, which...
Why is Ukraine suing eastern European countries over grain?
EASTERN EUROPEAN countries have been among the staunchest supporters of Ukraine since Russia invaded last year. But that solidarity has frayed over the issue of agricultural exports. European Union member states that border Ukraine have argued that the duty-free...
Why is Ukraine suing eastern European countries over grain?
EASTERN EUROPEAN countries have been among the staunchest supporters of Ukraine since Russia invaded last year. But that solidarity has frayed over the issue of agricultural exports. European Union member states that border Ukraine have argued that the duty-free...
Will India change its name to Bharat?
EVER SINCE the Bharatiya Janata Party (BJP) came to power in 2014 it has implemented policies to mould India according to its Hindu-nationalist vision. Now it may be poised to implement the most eye-catching change yet: renaming the country. During the G20 summit in...
Why America’s Republicans want to bomb Mexico
MEXICANS ARE used to their country being used as a piñata during American election seasons. In 2015, in a speech to launch his presidential campaign, Donald Trump accused Mexico of sending drug-traffickers, rapists and other criminals to America and promised to make...
What are Hycean worlds, a proposed new habitat for life?
A LITTLE BIT more than 124 light years from Earth, circling an otherwise uninteresting star in the constellation of Leo, sits a planet called K2-18 b. It is one of thousands of exoplanets spotted by Kepler, a space telescope that was launched in 2009 and is designed...
Why Venice will charge tourists to enter
A SURGE in holidaymakers at certain locations in recent years has added a word to the English language: overtourism. The idea that beauty spots are being overrun arose well before the pandemic, but the relaxation of covid-19 restrictions made matters worse, and...
Why Venice is starting to charge tourists to enter
A SURGE in holidaymakers at certain locations in recent years has added a word to the English language: overtourism. The idea that beauty spots are being overrun arose well before the pandemic, but the relaxation of covid-19 restrictions made matters worse, and...
How to escape from prison
DANIEL KHALIFE, a suspected terrorist, enjoyed about 75 hours of freedom after escaping from HMP Wandsworth, in south-west London, on September 6th. Three days later a police officer pulled him from a bike in north-west London. On September 11th he was charged with...
How AI chatbots could change online search
CHATGPT, AN ARTIFICIAL-INTELLIGENCE (AI) chatbot produced by OpenAI, a California-based startup, can generate human-like answers to questions. It can write poems, computer code and much more besides. UBS, a bank, reckons that since ChatGPT’s launch in November it has...
What is Section 230?
IN JANUARY PRESIDENT JOE BIDEN took to the op-ed pages of the Wall Street Journal to inveigh against “big-tech abuses” and suggest, among other things, an overhaul of Section 230 of the Communications Decency Act of 1996. Mr Biden’s predecessor, Donald Trump, was no...
What are “golden visas”?
And why they are so controversial, especially in Europe
How a chatbot has turned Ukrainian civilians into digital resistance fighters
IN A MODERN warzone anyone with a smartphone is a potential source of military intelligence. Since the early days of the Russian invasion, Ukraine has been crowdsourcing information from civilians. The idea is not new. During the second world war British volunteers...
Why did “sensitivity readers” revise Roald Dahl’s books?
Roald Dahl delighted in making readers squirm. His books for children, most of them written between 1961 and 1990, are mischievous, often with an edge of cruelty. Yet this month the Daily Telegraph, a British newspaper, revealed that hundreds of words and phrases had...
How quickly can Russia rebuild its tank fleet?
Read more of our recent coverage of the Ukraine warDURING THE second world war Germany’s armed forces destroyed Soviet tanks at a phenomenal rate. But although the Red Army lost 80,000 tanks, the Soviet Union’s industrial might allowed it to finish the war with more...
Why statelessness is bad for countries and people
SOME PEOPLE covet passports and try to acquire new ones through naturalisation. Most are content with the citizenship they acquire at birth—at least that is guaranteed. Or so they think. In mid-February Nicaragua revoked the citizenship of more than 300 opposition...
How the new generation of weight-loss drugs work
This article is part of our Summer reads series. Visit the full collection for book lists, guest essays and more seasonal distractions.WEIGHT-LOSS DRUGS are everywhere. In newspapers, on social media or by the water cooler, the gossip about injections that can help to...
Why a new UN treaty to safeguard the “high seas” matters
THE OPEN OCEAN, which covers nearly three-quarters of the Earth’s surface, sustains and regulates life on the planet. Each year it sucks in about a quarter of the carbon dioxide emitted by humanity. It is economically valuable, too. The food, shipping, tourism and...
Who blew up the Nord Stream pipelines?
LAST SEPTEMBER, when explosions damaged Nord Stream 1 and 2, two undersea gas pipelines that connected Russia to Germany, evidence of a culprit was scant. Some European governments suspected Russia. President Vladimir Putin had been threatening to cut off energy...
How to make sense of intelligence leaks
IN RECENT WEEKS, intelligence has dominated the headlines. On February 26th American press reports described new intelligence suggesting that the covid-19 virus had escaped from a Chinese laboratory. On March 1st American intelligence agencies published a report...
What is the AUKUS pact?
ON MARCH 13TH Joe Biden, America’s president, accompanied by Anthony Albanese and Rishi Sunak, the prime ministers of Australia and Britain respectively, gathered in front of the USS Missouri, a Virginia-class nuclear-powered attack submarine in San Diego, California....
Why Russian women are flying to Argentina to give birth
ARGENTINA HAS always been a country of immigrants. In the 19th century millions of Italians and Spaniards came to plough the country’s fields. More recently hundreds of thousands of Bolivians, Paraguayans and Venezuelans have arrived. But the latest wave is different....
What to make of a clash between a Russian jet and an American drone
THE SUN had barely risen over the Black Sea on March 14th when two Russian Su-27 “Flanker” jets began following the American MQ-9 drone, more commonly known as the Reaper, 50 nautical miles south-west of Crimea, a Ukrainian peninsula occupied by Russia since 2014. The...
How Belarus’s role in the invasion of Ukraine could grow
RUSSIA TREATS Belarus, a nominally sovereign, independent country, as a satellite—in effect an extension of its own territory. It subsidises Belarus’s struggling economy, feeds it cheap energy and keeps the country’s veteran dictator, Alexander Lukashenko, in power,...
How remittances affect a country’s development
IN 2022 MIGRANTS sent home nearly $800bn, according to data from the World Bank. Around 80% of these remittances were sent to low- and middle-income countries. India received $100bn; Mexico got $60bn. Remittances were the biggest source of capital inflow for low- and...
What are Additional-Tier 1 bonds?
THE HASTE at which the purchase of Credit Suisse, a Swiss bank, by UBS, its great rival, was arranged left investors scrambling to understand the deal. One consequence is causing particular pain. The decision to write down around SFr16bn ($17bn) in Additional-Tier 1...
Who is Shou Zi Chew, TikTok’s chief executive?
TikTok’s billion-plus users long to be famous for 15 seconds. But the social-media app’s chief executive, Shou Zi Chew, avoids the limelight. Few of TikTok’s users would recognise the 40-year-old Singaporean, whose personal TikTok account, @shou.time, shows only 13...
Where did covid-19 come from?
IN THE THREE years since the covid-19 pandemic began, one of the most persistent questions has been how the virus that caused it—SARS-CoV2—first jumped from animals to humans. SARS-CoV2 is one of a group of viruses, known as coronaviruses, commonly found in bats. But...
How racing drones are used as improvised missiles in Ukraine
DRONES HAVE become a ubiquitous part of the war in Ukraine. Both sides use consumer quadcopters to track the enemy and drop grenades. Russia has used Iranian Shahed-136 drones to torment Ukrainian cities. In February Russia detected Ukranian drones deep in its...
How did Lebanon end up with two rival time zones?
WHAT’S THE TIME in Lebanon? Until March 29th the answer will largely depend on your religion. On March 26th the country would normally have set its clocks forward to daylight saving time (DST), as is the custom on the final Sunday of March. But at the last minute the...
Why is Taiwan losing its friends?
TAIWANESE PRODUCTS power everything from iPhones and fridges to guided missiles. The island makes more than 60% of the world’s semiconductors. It also plays a crucial role in the great-power contest between China and America. Yet for such an important place few...
Who is Alvin Bragg, the district attorney taking on Donald Trump?
Editor’s note: On March 30th several news outlets reported that a grand jury in Manhattan had indicted Donald Trump.ALVIN BRAGG, Manhattan’s district attorney (DA), is no stranger to threats. Growing up in Harlem in the 1980s, he had a gun pointed at him six times,...
Is your money safe in American banks?
IN NORMAL TIMES people do not give it a second thought: they put their money in a bank and trust that it is safe. But every once in a while, a crisis shakes that faith. The collapse of three mid-sized banks in America over the past month has been one such moment....
What is a consumer price index?
INFLATION HAS DOGGED societies for centuries. Attempts to measure it properly began in earnest in the 20th century. In 1914 the British government calculated a “working-class cost of living index” to help guide adjustments to the wages of essential workers during the...
Who is Juan Merchan, the judge overseeing Donald Trump’s arraignment?
“THE JUDGE ‘assigned’ to my Witch Hunt Case, a ‘Case’ that has NEVER BEEN CHARGED BEFORE, HATES ME.” When Donald Trump found out who would be presiding over his arraignment he took to Truth Social, the social-media platform he founded, to rant. On March 30th the...
What to make of Israel’s new national guard
ON APRIL 2ND, at the behest of Binyamin Netanyahu, the prime minister, Israel’s cabinet approved the creation of a national guard under the control of the national-security minister, Itamar Ben-Gvir. Mr Ben-Gvir, the leader of Jewish Power, a far-right party that...
How to measure poverty
ERADICATING POVERTY in all its forms is the first of the UN’s 17 development goals. It is also a priority for many countries. To succeed, multilateral organisations and national governments need good policy—and a way to track their progress. So how should they define...
Why France is banning Muslim clothing in schools (again)
EVERY FEW years the French get worked up about an item of religious clothing that they deem inappropriate in the classroom. This time a controversy has broken out at la rentrée, the start of the new school year, over a government decision to ban from state schools the...
Why so many Russian tanks fall prey to Ukrainian mines
RUSSIA’S FAILED attempt in January and February to capture Vuhledar, a town in eastern Ukraine, has been described by some observers as a tank battle. That is not quite accurate. Videos of the offensive indicate that it was more a matter of Russian tanks against...
Why Russia is deporting Ukrainian children
RUSSIA IS LED by an alleged war criminal. In March the International Criminal Court (ICC) issued arrest warrants for President Vladimir Putin as well as Maria Lvova-Belova, Russia’s so-called commissioner of children’s rights. The court says that the pair bear...
Why are eastern European countries banning Ukrainian produce?
EASTERN EUROPEAN states have been among the staunchest supporters of Ukraine since Russia invaded last year. But efforts to help their neighbour continue to sell agricultural products have caused havoc in their own markets. Farmers have protested for weeks against...
Why is Sudan on the brink of civil war, again?
ON APRIL 15th Khartoum, Sudan’s capital, and much of the rest of the country were engulfed by open warfare. For months tensions had been building between the two most powerful figures in the military government: Abdel Fattah al-Burhan, Sudan’s de facto leader since a...
Does the First Amendment protect threatening language?
FREEDOM OF EXPRESSION, America’s Supreme Court wrote in 1937, is “the matrix, the indispensable condition of nearly every other form of freedom”. Very few types of speech fall outside that sanctuary. Only language that is obscene, false or misleading in a commercial...
A primer on Trump’s criminal trials
RUNNING FOR the American presidency is a full-time job. “There was essentially no day or night” from the first presidential debate in September 1976 to election day, griped James Fallows, now a journalist, who worked on Jimmy Carter’s campaign. Donald Trump, if he...
Why Winnie-the-Pooh makes Xi Jinping uncomfortable
This article is part of our Summer reads series. Visit the full collection for book lists, guest essays and more seasonal distractions.WINNIE-THE-POOH is a good-natured, credulous bear. That makes him an unlikely protagonist for a slasher movie. “Winnie the Pooh:...
Why Joe Biden hasn’t announced he is running again—yet
JOE BIDEN is being coy. On April 10th, at the White House Easter Egg Roll, the president told an interviewer that he planned to host “at least three or four more” of the annual events. Pressed, he said he intended to run for a second term as president. A few days...
Why India’s population is about to overtake China’s
INDIA’S POPULATION is poised to surpass China’s. No one knows exactly when: India’s government postponed the census due in 2021 (because of the covid-19 pandemic, it says), so its numbers are not as exact as they might have been. But, according to the United Nations,...
How a 19th-century law could upend abortion access in America
WHEN THE Supreme Court ruled last year that America’s constitution does not guarantee the right to abortion, it returned the matter to lawmakers. In the months since activists have pushed for a national prohibition. This Congress, which is divided on the issue, will...
What is the special district at the heart of Disney’s feud with Ron DeSantis?
THE WORLD’S biggest amusement park was not built in a day. In 1958 planning began for an “eastern Disneyland” to complement the park in Los Angeles; Walt Disney World, in Orlando, Florida, opened its doors more than a decade later, in 1971. In the intervening years...
Why are migrants to Europe fleeing from and through Tunisia?
BETWEEN APRIL 19th and 24th Tunisia’s coastguard recovered 70 bodies from the Mediterranean sea. Less than a week earlier, 25 migrants died in the country’s waters. After a period of decline between 2016 and 2019, the number of people travelling from north African...
What is quantitative tightening?
In the wake of the global financial crisis of 2007-09, investors and politicians got used to the idea of quantitative easing (QE), a new twist on monetary policy. QE was adopted because cuts in interest rates to their floor near zero were insufficient to counter the...
Why has America’s financial regulator paid out more than $1bn to tipsters?
AMERICA’S WEALTHIEST 0.01% may have gained a new member on May 5th, when someone earned $279m. The source of the windfall was neither a bank nor a hedge fund, but rather the agency that regulates them. The Securities and Exchange Commission (SEC) said it had dished...
Why the boss of Wagner Group is feuding with Russia’s military leaders
Editor’s note: On June 23rd Mr Prigozhin launched an open revolt against the Kremlin, accusing the Russian army of killing Wagner troops. His mercenaries seized Rostov-on-Don, a southern city.A PILE OF corpses is quite a backdrop for a monologue. On May 4th Yevgeny...
How free and fair will Turkey’s election be?
EVER SINCE Recep Tayyip Erdogan won power in Turkey 20 years ago he has been in little danger of losing it. Mr Erdogan and his Justice and Development (AK) party have won every presidential and parliamentary election, usually by comfortable margins. During that period...
Can nets protect against kamikaze drones in Ukraine?
HOW DO YOU stop an attack drone from delivering its payload? Loitering munitions, which are single-use bomber drones, have been deployed to lethal effect by both Russia and Ukraine throughout the war. They are cheap and nimble. As well as military-grade models, both...
What happens when Belarus loses its dictator?
ALEXANDER LUKASHENKO, the dictator of Belarus, spends much of his time inspecting factories, scrutinising harvests and presiding over ice-hockey matches. For nearly a week in May he did none of those things—or anything else in public, fuelling intense speculation...
Who are the pro-Ukrainian militias raiding Russia’s Belgorod region?
IN THE LATE afternoon of May 22nd footage emerged of two grinning pro-Ukrainian fighters in the midst of a cross-border raid into Russia. “The key to the border has been broken in half,” says one, quoting from “Everything is Going to Plan”, a cult anthem by Civil...
Why America has so many banks
AMERICA HAS a dizzying number of banks. In recent weeks, that has proved to be a source of confusion. After Signature Bank, based in New York City, was seized by regulators on March 12th, four other banks with the same name had to clarify that they had no link with...
What does “de-risking” trade with China mean?
AT THEIR SUMMIT in Hiroshima on May 20th, the leaders of the G7 group of rich democracies talked about “de-risking” their economic ties with China, but not decoupling from it. The same phrase appeared in an important speech by Ursula von der Leyen, president of the...
Why is North Korea trying to launch a satellite?
ON THE MORNING of May 31st the citizens of Seoul, South Korea’s capital, had a rude awakening. Just after half past six the sound of sirens filled the air. Phones buzzed on nightstands, urging residents to seek shelter. Confusion ensued: Seoulites did not know what...
How Hong Kong is snuffing out memories of Tiananmen Square
IN “1984”, GEORGE ORWELL’S dystopian novel, the ruling party controls the past by feeding reports of inconvenient historical events into a “memory hole”, replacing them with its preferred version. China’s Communist Party has long taken that approach—no more so than...
Why is there trouble in Kosovo again?
ON MAY 29TH, when a Serb mob attacked NATO troops guarding a town hall in Zvecan in northern Kosovo, alarms sounded in the chancelleries of Europe and in Washington. At least 80 people were hurt, including 30 NATO peacekeepers. By the next day the mob had vanished....
How the breach of Ukraine’s Kakhovka dam could affect a nuclear plant
THE BLOWING up of Nova Kakhovka dam in occupied southern Ukraine in the early morning of June 6th has had devastating consequences downstream. On June 7th the Ukrainian government said that 42,000 people were at risk from flooding: thousands have been evacuated....
How drugs and alcohol have fuelled soldiers for centuries
UKRAINIAN FORCES have often attributed the poor performance of Russian soldiers since the invasion last year to drunkenness. Armies reflect their societies and alcoholism caused by excessive vodka consumption has long been a reason for the chronically low life...
Who is Oleksandr Syrsky, the head of Ukraine’s ground forces?
THE TACTICS of Valery Zaluzhny, the overall commander of Ukraine’s armed forces, will be studied by military historians. But the fate of the country rests upon the shoulders of other men further down the chain of command, too—among them Colonel-General Oleksandr...
What is Australia’s “Voice to Parliament”?
“ACROSS THE finish line is a more unified, more reconciled Australia,” declared Australia’s prime minister, Anthony Albanese, in August as he set the date for a referendum on an indigenous “Voice to Parliament”. On October 14th 17.6m Australians will be asked to vote...
Are cryptocurrencies securities?
America’s stock regulator is about to test its view of the asset class in court
How do languages with grammatical gender handle non-binary people?
WHAT ARE YOUR pronouns? In English, the most common answers are “he” or “she”. But a growing number of people identify as neither male nor female, and ask to be referred to with novel pronouns. “They” is by far the most common of these. In English, the linguistic...
How are people appointed to Britain’s House of Lords?
ON JUNE 15TH the privileges committee of Britain’s House of Commons issued a long-awaited report on Boris Johnson, concluding that the former prime minister deliberately misled Parliament when he described illegal gatherings held at 10 Downing Street, his official...
Can the Titan submersible be rescued?
IT TAKES ABOUT two hours to dive to the resting place of the Titanic, almost 4km beneath the surface of the north Atlantic. At around 9am GMT on the morning of June 18th the Titan submersible, a five-man craft built and operated by OceanGate, an American company,...
Why some British school buildings might be unsafe
DURING A EUROPEAN building boom that began in the 1960s, a novel form of construction material began to be used. Reinforced autoclaved aerated concrete, known as RAAC, is pre-cast in a factory, typically into planks, before being taken to a construction site where it...
Why the rainbow flag is now one of many during Pride month
LOOK UP AT a flagpole in most big American cities in June, and you will probably see three banners: the stars and stripes, the state or city emblem and a rainbow flag, which is flown to mark LGBTQ Pride month. But if you attend a Pride parade in one of those cities,...
How ESG became part of America’s culture wars
IT ALLOWS COMPANIES to “inject an ideological agenda through our economy”, says Florida’s governor, Ron DeSantis. It “empowers an unelected cabal of bureaucrats…to rate companies based on their adherence to left-wing values,” says Mike Pence, a former vice-president....
Why Reddit users are protesting against the site’s leadership
ON JUNE 12TH large parts of Reddit, a social-media platform with nearly 56m active daily users, went dark. The site is made up of forums, known as subreddits. Moderators—users who run these forums on a voluntary basis—removed 8,000 of the most popular from public view...
Why an American novel set in Russia was pulled from publication
ELIZABETH GILBERT, an American author, is more used to soul-searching than grappling with geopolitical problems. Her best-known work, “Eat, Pray, Love”, is a memoir about life after divorce. But in recent weeks she has been ruminating on a grislier subject: Russia’s...
What happened when Russia’s air force attacked Wagner’s rebels?
WHEN WAGNER GROUP mercenaries, commanded by Yevgeny Prigozhin, advanced towards Moscow on June 24th, they met little resistance on the ground. But the rebels did come under attack from the Russian air force—and shot down a surprising number of their attackers. At...
How much power does Alexander Lukashenko have?
MEETINGS BETWEEN Alexander Lukashenko and Vladimir Putin are often awkward. In September, when the Belarusian dictator ranted about men “running away” from mobilisation in Russia, his counterpart squirmed in his seat. That reflects their uncomfortable relationship. Mr...
What long-term security guarantees will the West give Ukraine?
FOR MORE than a year the West’s effort to help Ukraine has run between two tracks: deny Russia a victory but avoid a direct war between it and NATO. Ukraine wants more, and applied to join the NATO alliance in September 2022. It will be denied for now. Instead, as...
Why America has rejoined UNESCO
AMERICA’S RELATIONSHIP with the United Nations Educational, Scientific and Cultural Organisation (UNESCO) is rocky. The agency seems innocuous: it preserves heritage sites, sponsors literacy projects and promotes education on topics from science to genocide. Yet...
Can Russia’s navy thwart attacks by repainting its ships?
ON JUNE 22ND the Admiral Essen, a Russian warship, was spotted in Sevastopol, a Crimean port on the Black Sea, sporting a striking new paint job. Its bow and stern were black and the midsection white, ensuring that, from a distance, the ship looked smaller than it...
What is El Niño?
For the first time in seven years, the weather pattern is back
Why Hong Kong is criminalising a song
ON JULY 5TH Cheng Wing-chun, a 27-year-old Hong Konger, became the first person in the territory to be convicted of insulting China’s national anthem. Mr Cheng posted a 94-second video to YouTube of a local athlete receiving a gold medal at the Tokyo Olympics in 2021,...
How AI image-generators work
THE FLURRY of images generated by artificial intelligence (AI) feels like the product of a thoroughly modern tool. In fact, computers have been at the easel for decades. In the early 1970s Harold Cohen, an artist, taught one to draw using an early AI system. “AARON”...
Why is Turkey blocking Sweden from joining NATO?
MEMBERS OF THE North Atlantic Treaty Organisation (NATO) would like to announce some good news at their annual summit. The military alliance will gather in Vilnius, the Lithuanian capital, on July 11th for a two-day meeting. Russia’s invasion of Ukraine has...
Why a cancer scare around aspartame is mostly unfounded
KATE MOSS, a British model, once quipped that “nothing tastes as good as skinny feels”. Drinkers of Diet Coke, the sugar-free version of the stuff in red cans, and of which Ms Moss is the current face, may agree. Why else would they drink it, when everyone knows (or...
When GPS fails, how can weapons find their targets?
THE NAVSTAR GLOBAL POSITIONING SYSTEM, commonly known as GPS, is familiar to many smartphone users as the technology behind the blue location dot on map apps. But GPS, which is operated by the American space force, was designed for the military. Since its launch in...
Why developing the world’s first malaria vaccine has taken so long
ON JULY 5TH the World Health Organisation, UNICEF and Gavi, an organisation promoting vaccination, announced that 12 African countries would receive 18m doses of the world’s first malaria vaccine. Mosquirix, developed by GSK, a British pharma firm, will be deployed...
What happens when extreme weather hits several places at once?
BETWEEN JULY 10th and July 16th, more than 100m Americans were warned by their government of “potentially deadly” temperatures. Swathes of Asia and Europe are broiling. China’s temperature record was shattered; people sought relief from the heat in bomb shelters....
How many irregular migrants go missing?
ON JULY 9TH Walking Borders, an aid group, reported that 300 migrants travelling on a flotilla of boats from Senegal towards the Canary Islands, a Spanish archipelago, had disappeared. That number was a well-informed guess. Unless the migrants are rescued or their...
Why Russia’s bombings of Ukrainian ports have jolted wheat prices
AFTER THREE nights of Russian attacks, Ukraine’s ports are counting the cost. The latest bombing, which targeted the Black Sea hub of Odessa and nearby Mykolaiv early on July 20th, left at least two dead and more than 20 injured. Some 60,000 tonnes of grain have been...
How two new munitions could affect the war in Ukraine
Read more of our recent coverage of the Ukraine warFIRST IT WAS tanks. Then it was fighter jets. Then cluster bombs. Since Russia invaded in February 2022, Ukraine has secured a range of hardware that Western allies were at first reluctant to give. Two items that...
Can superstars like Beyoncé or Taylor Swift spur inflation?
THE SWORN enemies of Europe’s central bankers include Vladimir Putin, covid-19 and, apparently, Beyoncé. All three have recently been blamed for hot inflation, but the American singer seems an unlikely macroeconomic force. Hotel prices surged in Sweden when 46,000...
What will be the impact of India’s rice-export ban?
FEW THINGS frighten governments as much as hungry voters. In India, after heavy rains in early July wiped out paddy fields, officials acted to pre-empt an unpalatable increase in rice prices. On July 20th the government banned the export of non-basmati white rice to...
What is “friendshoring”?
AT THEIR ANNUAL gathering in Jackson Hole last week the world’s central bankers talked, among other things, about the threat of deglobalisation. Christine Lagarde, president of the European Central Bank (ECB), noted that the governments of Western countries are...
What is AMOC, the heat-distributing Atlantic current?
ASK A CLIMATE scientist about possible “tipping points” and you are likely to hear about AMOC. The Atlantic Meridional Overturning Circulation is a stream of water which, as it flows from the southern to the northern (hence “meridional”) part of the Atlantic, grows...
Have scientists really found a room-temperature superconductor?
SOLID-STATE PHYSICS very rarely goes viral. But that is what happened when a group of researchers at Korea University, in Seoul, announced on July 22nd that they had discovered a “room-temperature superconductor”, a material dubbed LK-99. They published a pair of...
How could FPV drones change warfare?
A YEAR AFTER they were invented, both sides in Ukraine are already fielding thousands of racing drones with improvised warheads. Ukraine’s defence ministry calls them kamikazes, because the warhead destroys the drone itself. They are also known as First Person View...
What is nuclear fusion?
CULHAM, A VILLAGE near Oxford, in England, is home to just 500 people. It is, though, next door to the nearest thing on Earth to a “Silicon Valley” of nuclear fusion. What is happening there epitomises the shift of the search for controlled fusion power from...
What makes ultra-processed foods so bad for your health?
FOOD SHOPPING has become a dangerous pursuit. Nutritional horrors lurk on every shelf. Ready-meals are packed with salt and preservatives, breakfast cereals are sweeter than chocolate bars, and processed meats are packed with nitrite-preservatives, which can form...
Who is Kim Yo Jong, North Korea’s propagandist-in-chief?
NORTH KOREA’S enemies have a busy August planned. First the leaders of America, Japan and South Korea will gather at Camp David in Maryland on August 18th to discuss, among other things, the North’s aggression. Days later the Americans and South Koreans will kick off...
What is the future of the BRICS?
ON AUGUST 22ND the 15th annual summit of the BRICS—a group comprising Brazil, Russia, India, China and South Africa—takes place in Johannesburg. For the first time one of the bloc’s leaders will be absent. As host, South Africa’s president, Cyril Ramaphosa, felt he...
Why are Moscow’s air defences performing so badly?
ON AUGUST 9TH a plume of smoke rose over the Zagorsk manufacturing plant, north of Moscow, which supplies optical equipment to Russia’s armed forces. An explosion there killed one person, wounded 60, and left eight unaccounted for, according to officials, who...
Why was RICO, a mafia-targeting act, used to charge Donald Trump?
THE MAFIA, a sex cult and several titans of Wall Street have all been brought down by America’s Racketeer Influenced and Corrupt Organisations (RICO) Act, a legal tool designed to tackle organised crime. Now a version of it could be used to nail a former president...
Imran Khan’s legal troubles
FOR A MAN who faces multiple charges of terrorism and inciting violence across Pakistan, the case that eventually landed Imran Khan in jail was tame. On August 5th a court in Islamabad, the capital, convicted the ex-prime minister (and former cricket star) of “corrupt...
How dangerous is tranq, the new drug sweeping America?
IN THE EARLY 2010s reports emerged of a nightmarish drug appearing in Russia and eastern Europe. Krokodil, a cheap substitute for heroin that was concocted in kitchen laboratories, left users with scaly skin and rotting wounds. Now a similarly damaging drug, a...
What the Inflation Reduction Act has achieved in its first year
PRESIDENT JOE BIDEN has conceded that the name was a mistake: the success of the Inflation Reduction Act (IRA), his flagship legislation, should not be measured by its effect on inflation. These days the IRA is most often associated with decarbonisation—that is, by...
Can Parkinson’s disease be detected with an eye exam?
IT IS OFTEN said that the eyes are the windows to the soul. Researchers hope that they might also be a window to the brain. Scientists wonder if eye scans could provide information about a wide range of conditions, including ADHD, Alzheimer’s disease, autism,...
Donald Trump and the history of the mugshot
IN 1872 ULYSSES GRANT was reportedly arrested for speeding. One day, as the 18th American president charged along 13th Street in Washington, DC, a policeman waved down his horse-drawn carriage. In the arresting officer’s own telling, Grant made a vain attempt to plead...
How Europe’s new digital law will change the internet
MOST PEOPLE think of Facebook as a social network and Google as a search engine. But tech geeks see these services as “platforms”: vast online territories that users inhabit. The companies that run them have mostly been free to make the rules in these digital places....
