Economy
eToro introduces “Why is it Moving?” feature
Online broker eToro continues to expand the capabilities of its platform, adding a new “Why is it Moving?” feature. This new tool provides real-time explanations for the price movements of stocks traders are interested in. Whether it’s breaking news, an earnings...
SmartStream upgrades its Advanced Payment Control solution
SmartStream, a financial Transaction Lifecycle Management (TLM) solutions provider, today announces a significant upgrade to its Advanced Payment Control (APC) solution. This update further streamlines and optimises payment investigations by accommodating any number...
CySEC withdraws CIF license of Pricewaterhousecoopers Investment Services
The Cyprus Securities and Exchange Commission (CySEC) today announced the withdrawal of the Cyprus investment firm (CIF) authorisation of Pricewaterhousecoopers Investment Services (Cyprus) Ltd. The decision was made during a regulatory meeting held on June 17, 2024....
RBA may raise rates amid price hikes. BoC is likely to postpone rate cuts amid inflationary pressures :: InvestMacro
By JustMarketsThe US stock indices ended trading mixed on Tuesday. At the end of Tuesday, the Dow Jones Index (US30) was down 0.76%, while the S&P 500 Index (US500) added 0.39%. The NASDAQ Technology Index (US100) closed positive 1.26%. The broader market held its...
Exclusive: Sales Manager Ahmed Gomaa leaves Doo Prime
FNG Exclusive… FNG has learned that experienced MENA region executive Ahmed Gomaa has left his position as Sales Manager at Retail FX and CFDs broker Doo Prime. Ahmed Gomaa had joined Doo Prime earlier this year, as was also reported exclusively at the time here at...
AUD/USD surged, buoyed by RBA confidence and inflation growth :: InvestMacro
By RoboForex Analytical DepartmentThe Australian dollar strengthened notably against the US dollar, with the AUD/USD pair reaching 0.6684. Australia’s May economic indicators from MI remained unchanged at zero compared to the previous value. Meanwhile, Australia’s...
Martin Schlegel to become Chairman of SNB
At its meeting of 26 June 2024, the Federal Council appointed Martin Schlegel as new Chairman of the Governing Board of the Swiss National Bank (SNB) and thus as successor to Thomas Jordan. Martin Schlegel will assume office with effect from 1 October 2024 and take...
Waits on key risk event :: InvestMacro
Bitcoin ↓ over 8% on MondayRoughly 2% above $60,000 supportOver past year US PCE triggered moves of ↑ 0.9% & ↓ 2.3%Key point of interest – $60,000Technical levels – $60,254.93, $57,5656.20 and $66,365.11Bitcoin’s extended losses have set off alarm bells for bulls,...
Interactive Brokers issues statement on sharp drop in Berkshire Hathaway Class A share price
Electronic trading major Interactive Brokers (NASDAQ:IBKR) today issued a statement regarding the sharp drop in Berkshire Hathaway Class A share price. On the morning of Monday, June 3, 2024, at approximately 9:50 am EDT, the price of Berkshire Hathaway Class A shares...
CME Group, Google Cloud announce new Chicago Area private cloud region
CME Group and Google Cloud today announced plans to build a new private Google Cloud region, and a co-location facility, in Aurora, Illinois. The private Google Cloud region will host Google Cloud’s new, industry-first specialized platform designed to support global...
Alice Blue joins TradingView’s list of partner brokers
TradingView is expanding trading opportunities for its Indian users and welcomes Alice Blue, a newly integrated brokerage on TradingView: trade equities, funds, futures, and bonds from India’s top exchanges directly from TradingView charts. Founded 16 years ago in...
Binance to move UAE resident account holders to Binance FZE
Binance has received a Virtual Asset Service Provider (VASP) licence from Dubai’s Virtual Assets Regulatory Authority (VARA) for its local exchange in Dubai, Binance FZE. There will be an account transition for all UAE residents from the Binance Global Exchange to the...
eToro survey reveals financial services is the most owned sector among retail investors
Financial services is by far the most owned sector among retail investors, according to data from the latest Retail Investor Beat (RIB) from trading and investing platform eToro. In the study of 10,000 retail investors across 12 countries, 61% say they hold financial...
HK regulator bans ex-COO of DA International Financial Service for three years and seven months
The Securities and Futures Commission (SFC) of Hong Kong has prohibited Mr Wu Chao, a former responsible officer, manager-in-charge (MIC) and chief operations officer of DA International Financial Service Limited, from re-entering the industry for three years and...
ATFX Executive Talks: Drew Niv
FNG Exclusive Interview… Drew Niv, who took on the role of Chief Strategy Officer at ATFX this year, brings a wealth of experience and a fresh perspective to the team. Today, he will share more about his vision and strategic plans for driving ATFX’s growth and...
Crypto ECN Crossover Markets raises $12M from Illuminate, DRW
London based digital asset technology firm Crossover Markets has announced that it has raised $12 million in a Series A funding round led by Illuminate Financial (Illuminate) and DRW Venture Capital (DRW VC). Illuminate and DRW VC join a growing list of strategic...
CFTC issues Order of Registration as derivatives clearing organization to ForecastEx
The Commodity Futures Trading Commission (CFTC) today announced it has issued ForecastEx, LLC an Order of Registration as a derivatives clearing organization (DCO) and an Order of Designation as a designated contract market (DCM) under the Commodity Exchange Act...
FXOpen expands its integration with TradingView to mobile apps
Retail Forex broker FXOpen is expanding its integration with TradingView and is now available on TradingView’s mobile apps. With this update, you can trade via your favorite broker anytime, anywhere, enhancing your trading experience with unparalleled convenience....
Lingers near 3-month low :: InvestMacro
Corn ↓ 9% since start of 2024Bearish on H1 but RSI near oversoldTechnical levels – 432.00 and 423.40Possible breakout on horizon?Markets remain edgy ahead of a week packed with high-risk events that could spark fresh volatility!Ahead of the main events, FXTM’s new...
CME Group U.S. Credit Futures surpass 400 contracts in first week of trading
International derivatives marketplace CME Group today announced that its new U.S. Credit futures have traded 415 contracts since their launch on June 17. “In just one week since launch, our credit futures are generating strong trading activity as clients turn to more...
RBA and RBNZ have no plans to cut rates this year. Oil is trading at a 2-month high :: InvestMacro
By JustMarketsOn Monday, the Dow Jones (US30) Index added 0.67% and rose to a one-month high, while the S&P 500 (US500) Index fell by 0.31%. The NASDAQ Technology Index (US100) closed negative 1.09% and fell to a one-week low. Weakness in technology stocks on...
SEC charges Meta Materials, former CEOs with market manipulation and fraud
The Securities and Exchange Commission (SEC) today filed charges against Meta Materials Inc. and its former CEOs, John Brda and George Palikaras. The company has agreed to settle the SEC’s charges in an administrative proceeding, while the SEC’s litigation against...
Brent crude oil hits two-month high amid geopolitical tensions :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil prices surged to $86 per barrel on Tuesday, marking the highest level in two months. This rise was driven by escalating geopolitical risks in Eastern Europe and the Middle East, particularly the ongoing confrontation...
Exclusive: Capital.com appoints Campbell MacPherson as CEO of its Australian subsidiary
FNG Exclusive… FNG has learned that leading Retail FX and CFDs broker Capital.com has hired Campbell MacPherson as its new Chief Executive Officer (CEO) in Australia. He succeeds Laura Lin, who stepped down in March 2024. Campbell MacPherson has over 25 years of...
Trading Technologies partners with Hidden Road
Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, today announced that it has partnered with Hidden Road, the global credit network for institutions, through Hidden Road Partners CIV US LLC, its futures commission...
Genesis, interop.io announce technology alliance
Genesis Global and interop.io today announced a technology alliance to promote software innovation and customized, multi-application workflows in the financial markets industry. The alliance makes it seamless for mutual clients to bring high-performance front-,...
Marios Antoniou leaves M4Markets for CEO role at LP Prime
FNG has learned that experienced FX industry executive Marios Antoniou has been recruited as CEO of institutional FX/CFDs liquidity provider startup LP Prime. LP Prime was recently launched by former oneZero and PrimeXM executive Louay Amhaz, as was exclusively...
Nuvei secures approval for Retail Services Category II License from Central Bank of UAE
Canadian fintech company Nuvei Corporation (TSX:NVEI) today announced that it has secured an in-principle approval for a Retail Services Category II License from the Central Bank of the UAE, representing an important strategic expansion into the United Arab Emirates...
IronFX to mitigate messaging app compliance risks with Convrs
Retail FX and CFDs broker IronFX has announced that it has taken a significant step to harness the potential of messaging apps while ensuring compliance, inking an agreement with messaging platform provider Convrs. Messaging apps are ubiquitous and easily accessible,...
Which Dividend Stock is the Better Buy? :: InvestMacro
By The Ino.com TeamDespite the industry challenges, Chevron Corporation (CVX) and NextEra Energy, Inc. (NEE) are both gaining significant traction and rewarding shareholders with reliable dividends. But if you had to choose between them, which would be the better...
ION integrates its fixed income solutions with XTP Execution
ION, a provider of mission-critical trading and workflow automation software, high-value analytics, and strategic consulting, announces the successful integration of its fixed income solutions with XTP Execution, extending client access to a range of futures markets...
Lancaster Investment Management questions offer for Hargreaves Lansdown
Lancaster Investment Management has sent a letter to Alison Platt, Chair of Hargreaves Lansdown PLC (LON:HL), regarding the latest Consortium offer for HL. Let’s recall that on June 18, 2024, Hargreaves Lansdown confirmed that it has received a further non-binding...
IG US rebrands Forex trading platform to tastyfx
Forex broker IG US announces today the rebranding of its brokerage and platform technology to tastyfx, offering a more aligned experience for their US-based customers and bringing FX trading closer to the tasty family of products. The name is changing but the trading...
CoinShares sells FTX claim – FX News Group
CoinShares International Limited, a European investment company specialising in digital assets, today announced the successful sale of its FTX claim. The agreement, subject to customary closing conditions, will yield a recovery rate of 116% net of broker fees,...
Eurex Clearing participates in second wave of ECB trials on new technologies for settlement
Eurex Clearing is actively participating in the second wave of the Eurosystem’s exploratory work on new technologies for wholesale central bank digital money settlement. These trials aim to explore the potential of distributed ledger technology (DLT). The ECB has now...
USDInd set for rollercoaster ride? :: InvestMacro
US Presidential debate & PCE deflators in focusOver past year PCE deflators triggered moves of 0.3% ↑ or ↓Technical levels – 106.50, 105.60 & 105.20Watch this space because FXTM’s USDInd could be jolted by economic and political forces!It’s all about the Biden...
Exclusive: FlowBank shareholders considering legal action to oppose forced bankruptcy
FNG Exclusive … FNG has learned that the management and shareholders of Swiss neobank/neobroker FlowBank are planning on taking legal action against the country’s financial regulator FINMA, to oppose the forced bankruptcy and liquidation of the company. Two weeks ago,...
ICE to launch clearing service for U.S. Treasury securities and repurchasing agreements
Intercontinental Exchange, Inc. (NYSE:ICE) today announced it will launch a clearing service for all U.S. Treasury securities and repurchasing agreements. ICE operates many of the largest clearing houses globally and brings decades of experience in clearing products...
Alpha Group International joins FTSE 250
Alpha Group International plc (LON:ALPH), a global provider of financial solutions to corporations and institutions, today joined the FTSE 250. Alpha’s inclusion in the FTSE 250 index comes less than eight years after its IPO on AIM in 2017. In that time, the company...
FX industry veteran John Bogue joins ATFX as Director of Institutional Operations
Leading Retail FX and CFDs broker ATFX is continuing an impressive series of recent senior executive hires, announcing the appointment of John Bogue as the company’s new Director of Institutional Operations. With over 30 years of experience in the FX market, John...
Commodity markets are under pressure from the US dollar growth. New geopolitical risks in the Middle East are on the agenda :: InvestMacro
By JustMarketsAt the end of Friday, the Dow Jones (US30) Index added 0.04% (+1.61% for the week), while the S&P 500 (US500) Index fell 0.16% (+0.75% for the week). The NASDAQ Technology Index (US100) closed negative 0.18% (for the week +0.39%). Weakness in chip...
FCA takes action against three individuals from SVS Securities
The UK Financial Conduct Authority (FCA) has decided to ban and fine three individuals who were involved in running SVS Securities Plc, a discretionary fund manager. The three individuals are: Kulvir Virk, David John Alexander Stephen, and Demetrios Christos...
Japan’s FSA issues business improvement orders to MUFG Bank, Mitsubishi UFJ Morgan Stanley Securities
MUFG Bank, Ltd today confirmed an administrative action has been taken by the Financial Services Agency (FSA) of Japan. On June 14, Japan’s Securities and Exchange Surveillance Commission announced that it had recommended that the Prime Minister and the Commissioner...
Mosaic Smart Data, Euroclear launch new initiative to transform data into valuable insights
Mosaic Smart Data, a real-time capital markets data analytics company, has launched a next generation data intelligence service, Smart Markets, powered by financial markets infrastructure provider Euroclear’s fixed income data including government and corporate bonds....
Why Broadcom’s (AVGO) 10-for-1 Stock Split Could Attract a New Wave of Investors :: InvestMacro
By The Ino.com TeamBroadcom Inc. (AVGO), a prominent player in the semiconductor industry, announced a 10-for-1 forward stock split set to take effect on July 15, 2024, taking advantage of a rally in its shares this year. This decision comes on the heels of an...
FX week in review: Hargreaves sale, HYCM license, CMC results, exec moves at Hantec, Scope Prime, LMAX
What new offer emerged this past week for UK online trading and investments house Hargreaves Lansdown? How did the Hargreaves board react, after rejecting a previous offer from the same group of private equity firms just a month ago? Why did Retail FX and CFDs broker...
FX, Stocks, Commodities, Cryptos… Learn How to Know When This Key Price Pattern is Over (Video) :: InvestMacro
By Elliott Wave International“12345-ABC.” That’s a basic Elliott wave pattern in a nutshell. That “12345” is a so-called impulse, and it’s a key price pattern to know, because impulses point in the direction of the larger trend. In this clip from a recent Trader’s...
CoinShares announces FlowBank investment impairment charge of £21.8M
CoinShares International Limited, a European investment company specialising in digital assets, announced that following its previous statement, the Group has decided to fully impair its investment in FlowBank Holdings SA, effective immediately. This has resulted in...
Intercontinental Exchange takes ICE Labs to Court for trademark infringement
Intercontinental Exchange Holdings, Inc. (ICE) is suing ICE Labs Limited for alleged trademark infringement. The relevant complaint, seen by FX News Group, was submitted on June 20, 2024, at the Georgia Northern District Court. ICE has brought this suit for trademark...
MetaQuotes redesigns MT5 interface for Android-based tablet devices
Fintech company MetaQuotes has updated its MetaTrader 5 (MT5) platform for Android-based tablet devices. The platform now comes with completely redesigned interface for the tablet versions. It now features a modern design, already proven on the iOS and web versions of...
FINRA suspends former Ustocktrade Securities rep for approving misleading retail communications
Aurel Davina Anderson has agreed to a fine and a two-month suspension as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). Anderson first became registered with FINRA in January 2016 as a Corporate Securities Representative through an...
Yen headed for intervention “danger zone”? :: InvestMacro
By ForexTimeJPY is worst-performing G10 currency vs. USD in 1H24USDJPY’s 160 price area triggered largest-ever JPY intervention in late-AprilBesides intervention risk, traders watching Friday’s US/Japan inflation dataBloomberg model: 77% chance of 156.69-160.58...
ICE Futures US permanently suspends trader for alleged violations of Exchange rules
ICE Futures U.S. has posted a disciplinary notice against Retaish Kumar. A subcommittee of the Exchange’s Business Conduct Committee (BCC) determined that from January 2023 through February 2023 (the “Relevant Period”), Kumar may have violated Exchange Rules...
DELL and NVDA are jointly building an artificial intelligence factory. SNB cuts rate for the second time in a row :: InvestMacro
By JustMarketsAt the end of yesterday, the Dow Jones (US30) Index was up 0.77%, while the S&P 500 (US500) Index decreased by 0.25%. The NASDAQ Technology Index (US100) closed negative 0.79%. Stocks initially went up on Thursday, with the S&P 500 and Nasdaq 100...
IBA to launch USD SOFR ICE Swap Rate Swap Spreads and EUR €STR ICE Swap Rates as benchmarks
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that ICE Benchmark Administration Limited (IBA) intends to launch USD SOFR ICE Swap Rate Swap Spreads and EUR €STR ICE Swap Rates for use as benchmarks in financial contracts and financial instruments by...
the devaluation scenario remains the main one :: InvestMacro
By RoboForex Analytical DepartmentThe Japanese yen is weakening against the US dollar again. The USD/JPY pair is rising to 158.97.The currency pair is now again close to the levels when the Bank of Japan and the country’s authorities conducted currency interventions....
CySEC warns against numerous unregulated investment firms
The Cyprus Securities and Exchange Commission (CySEC) today issued a warning against numerous unregulated investment firms. The websites mentioned in the warning are: tradeupyourlife.co/es/nvi/v1/lakmw/ & tradingupyourlife.com/es/v8/jdkas/#formbox tbmarket.co...
Italy’s CONSOB orders blocking of access to six illegal investment websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to six new websites that offer financial services illegally. In issuing the orders, the Authority made use of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law...
Vantage expands educational offerings with launch of Vantage Academy Courses
Leveraging the momentum from its successful launch of “The Vantage Markets Podcast“, multi-asset broker Vantage Markets is introducing its latest educational courses, now available on Vantage Academy. The Vantage Academy Courses provide a comprehensive introduction to...
HYCM UK sees Revenues down, but Profit up in 2023
London based Retail FX and CFDs broker HYCM Capital Markets (UK) Limited has reported its financial results for 2023, indicating a slight 2% decrease in Revenues, but an increase in profitability after a basically breakeven year in 2022. On the top line, HYCM UK saw...
CME Globex to launch Balanced Strip Butterfly futures spread
Effective Sunday, July 28 (trade date, Monday July 29), a new exchange-defined Balanced Strip Butterfly futures spread will be made available for trading on CME Globex. The new spread will utilize a new strategy type (BB). The Balanced Strip Butterfly spread will...
Monex Group to sell its entire holding in Boom Securities
The Board of Directors of Japan-based online trading company Monex Group, Inc (TYO:8698) has resolved to transfer all shares of Monex Boom Securities (H.K.) Limited and two other subsidiaries. As a result of this share transfer, Monex Boom Securities (H.K.) Limited...
Nuvei secures final Court approval for going private transaction with Advent
Canadian fintech company Nuvei Corporation (TSX:NVEI) announced today that the Company has obtained a final order from the Superior Court of Québec (Commercial Division) approving the previously-announced plan of arrangement under section 192 of the Canada Business...
UK authorities arrest two individuals running illegal £1bn crypto business
The UK Financial Conduct Authorities (FCA), working with the Metropolitan Police Service, has conducted an operation to arrest two individuals, aged 38 and 44, suspected of running an illegal cryptoasset exchange. More than £1 billion of unregistered cryptoassets are...
PayPal appoints Srini Venkatesan as CTO
PayPal Holdings, Inc. (NASDAQ:PYPL) today announced the appointment of Srini Venkatesan as Chief Technology Officer (CTO). Mr Venkatesan, whose appointment is effective June 24, will be reporting to PayPal President and CEO Alex Chriss. In this role, Mr Venkatesan...
Tradeweb President Thomas Pluta to leave company
Tradeweb Markets Inc. (NASDAQ:TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced organizational changes as it works to optimize its operations for continued growth. Tradeweb announced that...
TradingView adds data from Crypto.com
Continuing to improve crypto market accessibility, TradingView welcomes a new valued addition to TradingView’s data coverage, Crypto.com. Established in 2016 in Hong Kong, Crypto.com is renowned for its commitment to regulatory compliance, security, and privacy,...
PBoC left interest rates unchanged. New Zealand has left the recession territory :: InvestMacro
By JustMarketsAt the end of the day yesterday, the Dow Jones Index (US30) gained 0.15%, and the S&P 500 Index (US500) gained 0.25%. The NASDAQ Technology Index (US100) closed positive 0.17%. Volatility on the indices was extremely low due to the bank holiday...
DTCC adds four members to its BoD
DTCC today announced that four new Board Members have joined its Board of Directors. The new Directors are Brian Gallagher of JPMorgan Chase, Christopher Gelvin of UBS, Jon Herrick of the New York Stock Exchange and Igor Modlin of Goldman Sachs. Brian Gallagher serves...
what will the Central Bank decide? :: InvestMacro
By RoboForex Analytical DepartmentThe GBP/USD pair is balancing around 1.2709 on Thursday, after the British pound rose in price against the US dollar for three consecutive days and finally paused.The Bank of England will convene for its regular meeting today, at...
LCC Trans-Sending Limited enters special administration
On 18 June 2024, LCC Trans-Sending Limited entered special administration under the Payment and Electronic Money Institution Insolvency Regulations 2021. Payment services firm LCC entered special administration on 18 June 2024 and has now ceased trading. Christine...
Exclusive: Reactive Markets adds Integral/360T alum Silvia Wong to head APAC BizDev
FNG Exclusive… FNG has learned that London based institutional multi-asset trading network operator Reactive Markets has hired experienced FX industry executive Silvia Wong, as the company’s new Head of Business Development APAC. Silvia will be based out of Singapore...
FCA reviewing trading apps over gaming concerns
UK financial regulator The FCA has announced that it is keeping financial trading apps “under review” over gaming concerns, following an online experiment it conducted with over 9,000 consumers. The FCA found in its experiment that digital engagement practices (DEPs)...
Telegram chat group host gets convicted in HK for providing investment advice without licence
The Eastern Magistrates’ Court today convicted Mr Wong Ming Chung for providing investment advice on a subscription-based chat group on Telegram he hosted without a licence in a prosecution brought by the Securities and Futures Commission (SFC) of Hong Kong. Wong...
Hantec Markets hires INFINOX exec Raj Naik to head Marketing
Retail FX and CFDs broker Hantec Markets has announced the appointment of seasoned industry expert Rajan Naik, as its new Global Head of Marketing. He will be based in Dubai for his new position at Hantec Markets. In his new role, Raj will be responsible for shaping...
FCA urges victims to claim compensation for Ian Hudson’s illegal activities
The UK Financial Conduct Authority (FCA) urges victims to come forward by 3 July 2024 after the court ordered compensation for victims of fraudulent trading and regulated activities carried on without authorisation. Following a hearing before His Honour Judge...
The escalation of conflicts in different regions of the world supports oil prices :: InvestMacro
By JustMarketsAt the end of yesterday, the Dow Jones Index (US30) gained 0.15%, while the S&P 500 Index (US500) rose 0.25% to an all-time high. The NASDAQ Technology Index (US100) closed positive 0.03%. Strengthening chipmakers helped boost the overall market on...
Gold gains, but lags 5 other FXTM commodities :: InvestMacro
By ForexTimeGold edges up 0.2% today; still stuck in sideways range since AprilBullion’s year-to-date gains now at 13.1%Bloomberg model: Gold may be range-bound for another monthFed rate cuts, PBOC buying needed to trigger next leg up5 other FXTM commodities...
Euronext launches MyEuronext Portal for debt listing agents and issuers
Pan-European market infrastructure Euronext today announced the launch of the MyEuronext Portal. This is Euronext’s new harmonised digital solution for debt listing agents and issuers. It is designed to streamline the submission of Final Terms and Pricing Supplements...
Quantum computers are like kaleidoscopes – why unusual metaphors help illustrate science and technology :: InvestMacro
Quantum computing is like Forrest Gump’s box of chocolates: You never know what you’re gonna get. Quantum phenomena – the behavior of matter and energy at the atomic and subatomic levels – are not definite, one thing or another. They are opaque clouds of possibility...
Hargreaves Lansdown shares rise 5% after board decides “to engage” increased offer
Shares of UK online brokerage firm Hargreaves Lansdown plc (LON:HL) traded up sharply on Tuesday, after an increased offer to buy the company emerged ahead of a Wednesday deadline. The original offer for Hargreaves of 985p per share made in late May by a consortium of...
The New Zealand dollar faces growth challenges :: InvestMacro
By RoboForex Analytical DepartmentThe NZD/USD pair declined to 0.6135 on Wednesday, despite the New Zealand dollar performing much better in the previous session. It rose in response to the fall of the US dollar, which was triggered by weaker-than-expected US retail...
CME Group fines trader for alleged violations of wash trades prohibition
International derivatives marketplace CME Group has published a notice of disciplinary action against Ryan Dofflemeyer. Pursuant to an offer of settlement in which Ryan Dofflemeyer neither admitted nor denied the rule violation or factual findings upon which the...
Exclusive: Purple Trading co-founder David Varga on prop firm Fintokei’s EU expansion
FNG Exclusive Interview… Retail FX and CFDs broker Purple Trading has been working with prop trading firms for a long time via its Seychelles based entity, and a couple years ago spun out its own prop firm brand, Fintokei, which has been focused mainly on the Japanese...
ICE Midland WTI crude futures contract marks record open interest
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that its ICE Midland WTI (ICE:HOU) crude futures contract hit record open interest of 158,208 contracts on June 13, 2024, after market participants last week added over 100,000 lots of HOU to their books. ICE...
Pepperstone unveils 24-hour CFDs trading on US Shares
Leading Forex and CFDs brokerage Pepperstone has announce that – in partnership with cTrader, MetaTrader and TradingView – it has launched a 24-hour offering for CFDs trading on US shares. This innovative service expansion allows traders to react to market-moving news...
Avanza integrates TradingView Advanced Charts
Today, TradingView announced its collaboration with Swedish bank and stockbroker Avanza which has integrated TradingView Advanced Charts into its interface. Avanza is the largest stockbroker and niche bank in Sweden. As of the end of Q1 2024, it boasts a 7.5% share of...
Sumsub teams up with 21 Analytics to add Self-Hosted Wallet Verification to Crypto Travel Rule solution
Sumsub, a global full-cycle verification platform, today announced a new partnership with 21 Analytics, a Swiss-based Travel Rule compliance software provider. According to FATF recommendations for Travel Rule compliance, virtual asset service providers (VASPs) in...
SEC charges former Investor Relations employee of Boxabl over fraudulent investment offerings
The Securities and Exchange Commission (SEC) has announced charges against Yanni Tassev for fraudulently offering securities purportedly issued by his then employer. According to the SEC’s complaint, between approximately April 2022 and January 2023, and while Tassev...
FSCS announces PwC as its new partner for core claims service
The UK Financial Services Compensation Scheme (FSCS) has awarded the contract for its core claims service to PwC. Between now and the current claims handling contracts ending on 31 March 2025, FSCS is working closely with PwC and its current claims partners to ensure...
FINMA concludes antitrust control procedure for merger of UBS and Credit Suisse
Swiss financial markets regulator FINMA is concluding the antitrust control procedure for the merger of UBS and Credit Suisse without imposing any conditions and obligations. Following an extensive review, it has concluded that the merger of UBS and Credit Suisse will...
Forex Factory launches dedicated economic event pages
Popular FX forum and financial news website Forex Factory continues to expand the capabilities of its calendar. Today, Forex Factory announced the launch of dedicated economic event pages on Forex Factory and its sister sites. Since 2005, most of the financial...
Nuvei secures shareholder approval for going private with Advent
Canadian fintech company Nuvei Corporation (TSX:NVEI) today secured shareholders’ approval for the plan of arrangement to be taken private by Advent International, L.P. The purchaser will acquire all of the issued and outstanding subordinate voting shares and multiple...
René van Vlerken to become CEO of Euronext Amsterdam
Euronext today announced that the Supervisory Board of Euronext N.V. has nominated René van Vlerken as CEO of Euronext Amsterdam and member of the Managing Board of Euronext N.V. as per 1 September 2024. The announcement follows Simone Huis in ‘t Veld’s decision to...
Exclusive: Currenex exec Michael Porzio moves to Bloomberg for FX Electronic Solution Sales
FNG Exclusive… FNG has learned that financial information giant Bloomberg has hired New York based executive Michael Porzio, for FX Electronic Trading Solution Sales. Michael Porzio joins Bloomberg from State Street’s Currenex eFX ECN unit, where he worked in Sales...
CySEC withdraws license of Forex broker HYCM
The Cyprus Securities and Exchange Commission (CySEC) today announced the withdrawal of the Cyprus investment firm (CIF) authorisation of HYCM (Europe) Ltd. CySEC made the decision at its meeting held on June 10, 2024. The withdrawal is in line with section 8(1)(a) of...
The RBA kept interest rates on hold and remained hawkish. Oil rises as global demand outlook improves :: InvestMacro
By JustMarketsAt the end of yesterday, the Dow Jones Index (US30) added 0.49%, while the S&P 500 Index (US500) was up 0.77%. The NASDAQ Technology Index (US100) closed positive 0.95%. On Monday, the S&P 500 Index (US500) closed at a record high, ignoring...
Hargreaves Lansdown gets revised acquisition offer from CVC, Nordic Capital, Platinum Ivy
The independent Board of Hargreaves Lansdown plc (LON:HL) confirms that it has received a further non-binding proposal from a consortium comprising CVC Advisers Limited, Nordic Capital XI Delta, SCSP (acting through its general partner Nordic Capital XI Delta GP...
reliance on stock market demand has worked :: InvestMacro
By RoboForex Analytical DepartmentThe commodity market was adjusted moderately on Tuesday morning after the price of Brent crude oil rose by 2% the day before. A barrel of the North Sea variety is at about 84 USD.The main support factor currently is the improving...
FCA cancels Payshot Limited’s registration as small payment institution
The UK Financial Conduct Authority (FCA) has decided to cancel the small payment institution (SPI) registration of Keyvolute Limited t/a Payshot Limited. The decision is made pursuant to regulations 10(1)(a) and (h) (as applied by Regulation 15) of the PSRs. Although...
HKEX plans to implement Severe Weather Trading from Sep 23, 2024
Hong Kong Exchanges and Clearing Limited (HKEX) today announced the finalisation of the operational model and arrangements to allow Hong Kong’s securities and derivatives markets to remain open during severe weather conditions. HKEX plans to implement Severe Weather...
CMC Markets Connect launches trading partnership with neobank Revolut
UK online trading house CMC Markets Plc (LON:CMCX) has announced a new fintech partnership with global neobank, Revolut. The partnership will see the two companies connecting via multiple APIs, with the user interface delivered directly via the Revolut app whilst...
Euronet lowers withdrawal limit in Poland to PLN 200 per transaction
On June 18, Euronet is conducting a one-day protest aimed at drawing the attention of consumers, decision-makers and business partners to the current situation of ATM operators in Poland. Today, Euronet are lowering the domestic cash withdrawal limit to PLN 200 per...
Bank of Cyprus extends Integral partnership for FX pricing and risk management
Currency trading technology provider Integral Development Corp has announced an expansion of its partnership with Bank of Cyprus, to offer real-time pricing and risk management capabilities as part of the bank’s online banking platform. In choosing to implement...
CME Group registers FX Futures and FX Link volume records
International derivatives marketplace CME Group today announced its FX futures reached an all-time single-day volume record of 3.26 million contracts (equivalent to $314B notional) on June 12. The previous record of 3.15 million contracts ($296B notional) was set on...
Cboe Global Markets to introduce new U.S. Treasury Market Volatility Index
Cboe Global Markets, Inc. , a derivatives and securities exchange network, today announced plans to launch the Cboe 20+ Year Treasury Bond ETF Volatility Basis Point Index (VIXTLT Index). Using an adaptation of Cboe’s proprietary VIX® Index methodology, the VIXTLT...
UK100 index set for 1,000 pip move? :: InvestMacro
By ForexTime This week set to be UK100’s 2nd most-volatile period so far in 2024UK100 may even see a 1000-pip intraday moveTraders brace for BOE decision, UK economic dataUK100 still holding on to QTD gains, but 3.8% lower from ATHWall Street predicts 15% future gains...
Commodities house Trafigura hit with $55 million CFTC fine
U.S. derivatives markets regulator Commodity Futures Trading Commission (CFTC) has announced that it has issued an order simultaneously filing and settling charges against Trafigura Trading LLC, a global commodities merchant with its principal place of business in...
Central banks face threats to their independence – and that isn’t good news for sound economic stewardship (or battling inflation) :: InvestMacro
By Cristina Bodea, Michigan State University and Ana Carolina Garriga, University of Essex Nearly every country in the world has a central bank – a public institution that manages a country’s currency and its monetary policy. And these banks have an extraordinary...
Euronext completes share repurchase as part of its long-term incentive plan
Pan-European market infrastructure Euronext today announced that it has completed the share repurchase program as part of its long-term incentive plan. The company repurchased 100,000 of its own shares at an average price of €93.18. This repurchase programme was...
Oil prices continue to be supported by voluntary cuts by OPEC countries. Hong Kong index fell to a 6-week low :: InvestMacro
By JustMarketsAt Friday’s close, the Dow Jones (US30) Index was down 0.15% (for the week -0.50%), while the S&P 500 (US500) Index decreased by 0.04% (for the week +1.69%). The NASDAQ Technology Index (US100) closed positive 0.12% (for the week +3.54%). Hawkish...
Exclusive: Blockchain expert Luke Dorney joins LMAX as Head of Custody
FNG Exclusive… FNG has learned that institutional FX and digital assets broker LMAX has hired Luke Dorney, as the company’s new Head of Custody. Luke Dorney spent the past four years in the institutional digital assets space, most recently serving as General Manager...
Expert Says Lithium-Brine Stock on Course to New Highs :: InvestMacro
Source: Clive Maund (6/17/24) Technical Analyst Clive Maund shares why he believes American Salars Lithium Inc. (USLI:CSE) is a Strong Buy, including the recent news that it acquired a new project.American Salars Lithium Inc. (USLI:CSE) is a lithium exploration...
Italy’s CONSOB orders blocking of LLCapitalFX and RussellGroupFX websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to six new websites that offer financial services/financial products illegally. Five of these are illegal financial intermediation websites and one website offers financial products...
The New Zealand dollar is falling :: InvestMacro
By RoboForex Analytical DepartmentLike other major currencies, the New Zealand dollar is under pressure from the strong US dollar. This development comes after the Federal Reserve’s updated forecasts last week. Stock market expectations point to only one interest rate...
Marex to offer client clearing services for interest rate swaps on LCH’s SwapClear service
Global financial services platform Marex will offer client clearing of interest rate swaps. It will become a member of LCH’s SwapClear service, one of the largest interest rate swaps clearing houses in the world, on July 15, 2024, subject to final approval. As the...
Interactive Brokers introduces new features and services to help advisors on its platform
Electronic trading major Interactive Brokers recently introduced new features and services to help advisors on its platform. Message Center enhancements for Registered Investment Advisors, Family Group Advisors and Hedge Fund Advisors: New features include a...
HK regulator bans former rep of Primas Asset Management Limited for 12 months
The Securities and Futures Commission (SFC) of Hong Kong has banned Ha Po Kwan, a former licensed representative of Primas Asset Management Limited (PAML), from re-entering the industry for 12 months The ban is effective from 14 June 2024 to 13 June 2025. The...
iSAM Securities’ liquidity bridge APEX integrates TRAction reporting platform
Trade reporting solutions provider TRAction and electronic market maker and connectivity provider iSAM Securities have announced a new integration between TRAction’s reporting platform and iSAM Securities’ liquidity bridge, APEX. In response to the regulatory emphasis...
ATFX integrates PriceOn from TraderTools to enhance global group trading efficiency
Leading Retail FX and CFDs broker ATFX has announced a significant enhancement to its global trading infrastructure, with the integration of PriceOn from TraderTools. ATFX said it is set to revolutionize how the firm manages trading flows from current institutional...
IMC joins Cboe Europe Derivatives as direct trading participant
Cboe Europe Derivatives (CEDX) today announces that IMC has become a new direct trading participant, gaining access to the exchange’s range of pan-European index derivatives and equity options. Iouri Saroukhanov, Head of European Derivatives at Cboe Europe, said: “We...
Offshore broker Scope Prime adds ACY/IC Markets alum Andrew Taylor as APAC head
Scope Prime, the offshore institutional liquidity division of Rostro Financial Group, has announced the appointment of FX and CFDs industry veteran Andrew Taylor to run the company’s APAC division. With over 30 years of experience in the sector, Andrew will be looking...
New Zealand Dollar, Palladium lead Bullish & Bearish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on June 11th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Exclusive: BGC exec Richard Brunt joins TraditionData as CRO
FNG Exclusive… FNG has learned that longtime BGC Partners executive Richard Brunt has joined TraditionData, as the company’s new Chief Revenue Officer (CRO). He will be based in Singapore for his new role with TraditionData. Richard Brunt spent the past 11 years at...
FX week in review: FlowBank shut, Prezco launch, broker results, CMO moves
The top story of this past week by any measure was undoubtably the bankruptcy and closure of Swiss online banking and trading firm FlowBank, which rippled throughout the FX, CFDs, and crypto world in several ways. Other than what FlowBank’s clients and debtors...
CME Group fines BlackEdge Capital for alleged violations of Exchange rules
International derivatives marketplace CME Group has posted a notice of disciplinary action against BlackEdge Capital LLC. Pursuant to an offer of settlement in which BlackEdge Capital LLC neither admitted nor denied the rule violations or factual findings upon which...
LCC Trans-Sending Limited agrees not to take on new customers, funds or agents
Payment services firm LCC Trans-Sending Limited (LCC) has agreed that it will not onboard new customers, following action from the UK Financial Conduct Authority (FCA). On 10 June 2024, LCC closed to new business and stopped accepting funds from customers. To make...
The Japanese yen fell to a six-week low after the Bank of Japan ended its meeting :: InvestMacro
By RoboForex Analytical DepartmentThe Japanese yen exchange rate paired with the US dollar looks unimpressive by the end of this week. The USD/JPY pair rose to almost 158.00 immediately after the end of the June meeting of the Bank of Japan, which left the interest...
Cyprus court upholds €20K fine against former CommexFX CFO Vladimiros Germanos
Cyprus financial regulator CySEC has announced that the country’s Administrative Court has upheld the decision of CySEC to impose an administrative fine on Vladimiros Germanos, dating back to his time as the Chief Financial Officer (CFO) of now-defunct Retail FX and...
Clients of FCI Markets encouraged to submit claims to FSCS
The UK Financial Services Compensation Scheme (FSCS) has provided an update to clients of Foreign Currency Innovations Ltd, trading as FCI Markets. The brokerage has been authorised by FCA since July 2014. FCI offered a range of brokerage services including contracts...
SEC charges Twenty Acre Capital for misleading ads
The Securities and Exchange Commission (SEC) today announced charges against registered investment adviser Twenty Acre Capital LP for misleading, and not fair and balanced, performance advertising. According to the SEC’s order, from at least November 2021 through...
Terraform, Do Kwon to pay $4.5bn following fraud verdict
The Securities and Exchange Commission (SEC) has announced that Terraform Labs PTE, Ltd. and Do Kwon agreed to pay more than $4.5 billion following a unanimous jury verdict holding them liable for orchestrating a years-long fraud involving crypto asset securities that...
CME Group, CF Benchmarks to launch additional cryptocurrency pricing products
Effective Monday, June 17, shortly after 10 a.m. London time, pending completion of all regulatory review periods, CME Group and CF Benchmarks will launch additional cryptocurrency pricing products designed to provide clients with transparent, robust, reliable...
Australian regulator cancels AFS licence of Sug Ou Jeung
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services (AFS) licence of Sydney-based financial services provider Sug Ou Jeung. The licence cancellation took effect on 3 June 2024. The licence was cancelled after...
Interactive Brokers enhances Student Trading Lab
Electronic trading major Interactive Brokers continues to add features to the Student Trading Lab. The Student Trading Lab is a free online resource for college and high school educators looking to blend finance, blockchain and/or computer science classwork with...
Exclusive: Tickmill names Nicholas Baumer CCO, hiring new CMO
FNG Exclusive… FNG has learned that leading Retail FX and CFDs broker Tickmill is making some senior management rank changes, beginning with the promotion of Nicholas Baumer to the position of Chief Commercial Officer (CCO). Nicholas Baumer joined Tickmill in Cyprus...
FSCS confirms nine firms declared in default in April and May 2024
More consumers could be in line for compensation as the UK Financial Services Compensation Scheme (FSCS) confirmed nine firms were declared in default in April and May 2024. These firms have gone out of business and are unable to meet any claims themselves. Customers...
FCA issues warning against clone of Admiral Markets
The UK Financial Conduct Authority (FCA) has issued a warning against a clone firm abusing the details of Forex and CFD broker Admiral Markets. Clone firms are entities set up by fraudsters. They copy the details (name, logo, address, etc) of firms authorised by...
Exclusive: FlowBank halts onboarding clients after deemed bankrupt by FINMA
FNG has learned that Swiss online neobank / neobroker FlowBank is no longer processing any new client applications, and has halted client onboarding, after Swiss financial regulator FINMA’s decision to begin bankruptcy proceedings against FlowBank, a story which FNG...
Policymakers now expect only one rate cut in 2024 :: InvestMacro
By Christopher Decker, University of Nebraska Omaha It was a double-whammy Wednesday for economic-data enthusiasts.During the morning of June 12, 2024, the Bureau of Labor Statistics published its latest inflation figures. The news was relatively good, showing that...
Neeraj Kapur takes over role of CAB Payments CEO
CAB Payments confirmed today that Neeraj Kapur has received the required regulatory approval and will now take over the role of Group Chief Executive Officer (CEO), Executive Director and member of the Board from Bhairav Trivedi. Neeraj and Bhairav have been working...
CFTC permanently revokes CTA and AP registrations of Ted Brent Alexander
The Commodity Futures Trading Commission (CFTC) today issued an opinion and order revoking the registrations of Ted Brent Alexander of Jackson, Mississippi. The CFTC action is based on Alexander’s guilty plea to conspiracy to commit wire fraud in a federal criminal...
The US Fed has planned only one rate cut this year and four cuts in 2025 :: InvestMacro
By JustMarketsAt Wednesday’s close, the Dow Jones Index (US30) decreased by 0.09%, while the S&P 500 Index (US500) added 0.85%. The NASDAQ Technology Index (US100) closed positive 1.53%. Meanwhile, the S&P 500 (US500) and NASDAQ (US100) indices made new...
FCA cancels Global 4X Limited’s authorisation as API
The UK Financial Conduct Authority (FCA) today cancelled the authorisation granted to Global 4X Limited as an authorised payment institution (API). The regulator has concluded that Global 4X Limited is no longer meeting the conditions for authorisation as an API set...
3 cryptos met expectations, with one surprise winner :: InvestMacro
By ForexTimeCryptos soared post-CPI, tumbled after FedAvalanch rose as much as 6.2%, up 5.1% for the daySolana rose as much as 6.3%, up 3.9% for the dayChainlink rose as much as 6.9%, up 5.8% for the dayDogecoin rose as much as 7.5%, up 5.5% for the day It was a wild...
Broadridge’s LTX rolls out GenAI-powered list trading functionality
Further building on its GenAI leadership in the fixed income market, LTX, an AI-powered corporate bond trading platform backed by global Fintech leader Broadridge Financial Solutions Inc. (NYSE:BR), today announced GenAI-powered List Trading functionality. The new...
US Dollar declines as Fed signals potential rate cut and inflation eases :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair is holding steady around 1.0805 on Thursday, following a surge in volatility the previous evening. The Federal Reserve concluded its meeting with a neutral stance, maintaining the interest rate at 5.25% per annum as...
CoinShares says exposure to FlowBank as customer is immaterial, with deposits at circa £100k
European investment company specialising in digital assets CoinShares International Limited announces that it has today received information stating that the Swiss Financial Market Supervisory Authority (FINMA) has opened bankruptcy proceedings against FlowBank SA...
Tradeweb introduces enhanced RFQ functionality for credit markets
Tradeweb Markets Inc. (NASDAQ:TW), a global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has launched an enhanced functionality for request-for-quote (RFQ) trading in U.S. Credit markets. Known as RFQ Edge, the...
Visa relaunches SavingsEdge – FX News Group
Visa Inc. (NYSE:V) today announced the relaunch of Visa SavingsEdge, aimed at delivering greater value to small businesses (SMBs) across the United States and Canada. The latest enhancements introduce a more dynamic platform with new offerings and features designed to...
Laura Bayley, Head of Clearing Services, SIX, joins SWIFT Board
Laura Bayley, Head of Clearing Services, SIX, has been appointed today as new SWIFT Board Member. Laura Bayley is originally a lawyer and has extensive experience in regulatory topics and projects related to financial market infrastructures. She has worked at SIX...
R.J. O’Brien Limited gets a slap on the wrist for LME rule violations
LME has found R.J. O’Brien Limited (“RJO”) to be in breach of LME Notice 24/137 and has imposed an automatic penalty charge of £5,000. The LME Notice 24/137 sets out automatic penalty charges for any Member who fails to submit Commodity Position Report (CPR) files...
HKEX partners with SZSE on development of Integrated Fund Platform
Hong Kong Exchanges and Clearing Limited (HKEX) has signed a cooperation agreement with a unit of Shenzhen Stock Exchange (SZSE), to support the development of HKEX’s Integrated Fund Platform (IFP). This cooperation will see Shenzhen Securities Communication Co. Ltd...
Gill Barr plans to retire from PayPoint Board
PayPoint plc (LON:PAY) today announces that Gill Barr has confirmed that she plans to retire from the Board and will not stand for re-election at the Company’s 2024 Annual General Meeting (‘AGM’) to be held on 1 August 2024 having completed nine years’ service on the...
OFX to provide the ATP Tour global payment solutions and FX transactions
Australia based payment solutions provider OFX (ASX:OFX) has announced a new global partnership with tennis’ ATP Tour. The collaboration will unlock significant enhancements to financial services across the ATP Tour. OFX will provide a range of global payment...
Swiss regulator opens bankruptcy proceedings against FlowBank SA
The Swiss Financial Market Supervisory Authority (FINMA) opened bankruptcy proceedings against FlowBank SA on 13 June 2024. FINMA established in the last week that FlowBank SA no longer has sufficient capital for its operations as a bank. The minimum capital...
Braces for mid-week double whammy :: InvestMacro
US500 ↑ 13% since start of 2024Index could be rocked by US CPI/Fed comboOver past year Fed meeting triggered moves of ↑ 2% & ↓ 0.8%Prices bullish on D1 but RSI overboughtIt would be a crime to overlook FXTM’s US500 on such a big day for global markets.After...
eToro partners with X to provide financial education content
Trading and investing platform eToro today announces a partnership with X to publish a series of financial education content on X, through livestream events, video on demand and audio Spaces. eToro and X are joining forces to bring accurate and accessible investment...
China’s consumer inflation is on the rise. Today, the focus is on the FOMC meeting :: InvestMacro
By JustMarketsAt Tuesday’s close, the Dow Jones Index (US30) decreased by 0.31%, while the S&P 500 Index (US500) added 0.27%. The NASDAQ Technology Index (US100) closed positive 0.88%. Weakness in bank stocks weighed on the Dow Jones Industrials after Pimco said...
Interactive Brokers launches trading on Cboe Europe Derivatives
Electronic trading major Interactive Brokers (NASDAQ:IBKR) today announced the addition of European stock options and European index futures and options through Cboe Europe Derivatives (CEDX). This addition allows Interactive Brokers’ clients another means to trade...
Euro hits monthly low amid political instability in France :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair declined to 1.0740 on Wednesday, nearing the month’s low. This downward movement is primarily driven by the political instability in France following the significant developments in the European Parliament...
TradeStation Securities integrates with Option Circle
TradeStation Securities, Inc., a self-clearing online brokerage firm for trading stocks, options, futures, and futures options, announced its integration with Option Circle. TradeStation Securities’ integration with the Option Circle platform provides Option Circle...
LSE investigates intermittent performance issue affecting its website
London Stock Exchange (LSE) has confirmed there are issues affecting its website. The problems first occurred around 13:00 (London time), with the website www.londonstockexchange.com either not opening, or showing a “Page Not Found” message. About 30 min later, the...
DTCC’s FICC launches CCLF Public Calculator
DTCC today announced the launch of FICC’s interactive, public-facing Capped Contingency Liquidity Facility (CCLF) Calculator. DTCC explains that CCLF is a critical risk management tool used for managing DTCC’s Fixed Income Clearing Corporation’s (FICC) liquidity risk...
New database features 250 AI tools that can enhance social science research :: InvestMacro
By Megan Stubbs-Richardson, Mississippi State University; Devon Brenner, Mississippi State University; Lauren Etheredge, Mississippi State University, and MacKenzie Paul, Baylor University AI – or artificial intelligence – is often used as a way to summarize data and...
Citi, Emirates NBD partner to launch Citi’s 24/7 USD Clearing service in the Middle East
Today, Citi (NYSE:C) and Emirates NBD announced a collaboration to launch Citi’s first-of-its-kind 24/7 USD Clearing service in the Middle East. This makes Emirates NBD the first bank to use Citi’s 24/7 USD Clearing service to make cross-border USD payments available...
Dukascopy expands lineup of CFDs with addition of 40 Italian stocks
Dukascopy today announced a significant expansion of its CFD instrument offerings. Now, Dukascopy clients can venture into the dynamic world of Italian stocks and the Italy 40 Index. Italian equities have long been a cornerstone of the European financial landscape,...
Interactive Brokers makes new Exchanges and products available on its platform
Electronic trading major Interactive Brokers has made new Exchanges and products available on its platform. CEDX is Cboe’s pan-European derivatives exchange, offering trading in index derivatives and single-stock options. Traders can make use of greater precision with...
Schroders implements Broadridge’s Consumer Duty solution for distributor feedback
Fintech company Broadridge Financial Solutions, Inc. (NYSE:BR) today announced a new agreement with global investment management firm, Schroders, to better protect consumers and prioritize their needs under the U.K. Financial Conduct Authority’s (FCA) Consumer Duty...
SEC charges Marc Henry Menard in connection with $1.65M fraudulent investment scheme
The Securities and Exchange Commission (SEC) filed charges against Marc Henry Menard in the Eastern District of New York for allegedly defrauding more than fifty individuals, many from the Haitian-American community, of at least $1.65 million. According to the SEC’s...
DXtrade adds TradingView advanced charting as a widget
Devexperts, the developers of DXtrade, an out-of-the-box trading platform with an open API, has announced their third integration with TradingView. Last year DXtrade integrated with TradingView to offer brokers one-platform trade execution, better user experience, and...
Garanti BBVA Digital Assets now offers crypto wallet service on its mobile platform
Garanti BBVA Digital Assets, the first initiative of Garanti BBVA Financial Technologies Inc., is now offering crypto wallet service on its mobile platform. This marks the first time in Turkey that a bank subsidiary has developed and implemented a crypto currencies...
Nuvei partners with ViaPlus – FX News Group
ViaPlus, a subsidiary of VINCI Highways, and Canadian fintech company Nuvei Corporation (TSX:NVEI) today announce a partnership to deliver an enhanced payment experience for consumers when purchasing mobility services. The partnership will integrate ViaPlus’ mobility...
DTCC, Cboe Clear Europe to launch new clearing workflow for OTC cash equities trades
Post-trade market infrastructure DTCC today announced it is working with Cboe Clear Europe to deliver an enhanced post-trade workflow for over-the-counter (OTC) cash equities trades to help increase settlement efficiencies across UK and European markets. DTCC will...
Exclusive: CPT Markets hires Vantage exec Nicholas Chantzaras as Head of Sales UK
FNG Exclusive… FNG has learned that London/Dubai based Retail FX and CFDs broker CPT Markets has continued a recent hiring spree, adding experienced industry executive Nicholas Chantzaras as Head of Sales for its CPT Markets UK unit. Nicholas Chantzaras joins CPT...
SEC charges Joonko founder in connection with $21M fraudulent scheme
The Securities and Exchange Commission (SEC) today charged Ilit Raz, CEO and founder of the now-shuttered artificial intelligence recruitment startup Joonko, with defrauding investors of at least $21 million by making false and misleading statements about the quantity...
Which cryptos could see biggest moves after US CPI/Fed meeting? :: InvestMacro
By ForexTimeBitcoin, Ethereum falling over 3% each todayMarkets angsty ahead of Wednesday’s US CPI, Fed decisionAvalanch has seen biggest up/down moves post-CPIDogecoin, Solana historically more reactive to Fed meetingsTraders could profit from big crypto volatility...
Cboe expands collaboration with FTSE Russell to propel innovation in digital asset derivatives
Derivatives and securities exchange network Cboe Global Markets, Inc. today announced it is expanding its collaboration with FTSE Russell, a leading global index provider, to drive product innovation in the digital assets space. This new initiative builds on Cboe and...
FINRA fines ACS Execution Services for alleged violations of Regulation SHO
ACS Execution Services LLC has agreed to pay a fine of $250,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). ACS provides execution services to broker-dealers and executes orders on an agency, net trade, or riskless principal...
Brent Crude Oil stabilises around 81.50 USD amid demand optimism :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil is holding steady at 81.50 USD per barrel on Tuesday, following a significant surge of over 2.5% the previous day. The price increase was driven by optimistic market expectations about fuel demand this coming summer...
CySEC launches its regulatory sandbox
The Cyprus Securities and Exchange Commission (CySEC) has successfully launched its Regulatory Sandbox during an online event held on June 11, 2024. This initiative marks a significant milestone in the advancement of financial, regulatory, and supervisory technologies...
TradingView expands its partnership with FYERS
TradingView today announced an upgrade for its partnership with FYERS by adding options trading capabilities within its broker integration. Launched nine years ago in Bengaluru, India’s Silicon Valley, today, Fyers serves over 500,000 customers and has a daily...
UBS completes transition to single US intermediate holding company
UBS Group AG has completed the transition to a single U.S. intermediate holding company on 7 June 2024, as planned and previously communicated. This marks a further important milestone on UBS’s integration journey. As UBS continues to execute the integration of Credit...
The warming ocean is leaving coastal economies in hot water :: InvestMacro
By Charles Colgan, Middlebury Institute of International Studies Ocean-related tourism and recreation supports more than 320,000 jobs and US$13.5 billion in goods and services in Florida. But a swim in the ocean became much less attractive in the summer of 2023, when...
iSAM Securities names James Wale as Head of Leveraged Sales EMEA
London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced the promotion of James Wale to the position of Head of Leveraged Sales EMEA. With over 15 years of experience in institutional sales and relationship management within...
Roz Smith appointed as COO of Broadridge International
Fintech company Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the appointment of Roz Smith as Chief Operating Officer of Broadridge International. Smith, who is based in London, will work closely with Mike Sleightholme, President of Broadridge...
IG Securities to discontinue trading in crude palm oil assets
IG Securities, the Japanese subsidiary of electronic trading major IG Group, will discontinue the offering of trading instruments related to crude palm oil. The affected instruments are crude palm oil CFDs and crude palm oil knockout options. The broker explains that...
B2Prime, cTrader announce partnership – FX News Group
B2Prime, a multi-asset and multi-market Prime of Prime liquidity provider, and trading platform provider Spotware have announced a partnership. The cTrader platform by Spotware is renowned for its advanced features that cater to professional traders: Clear UI →...
Traders further lowered their expectations for a Fed interest rate cut this year :: InvestMacro
By JustMarketsAt Tuesday’s close, the Dow Jones Index (US30) decreased by 1.06% and fell to a 3-week low. The S&P 500 index (US500) was down 1.06%. The NASDAQ Technology Index (US100) closed negative 0.58%. Stocks declined amid rising bond yields driven by hawkish...
Komainu adds longtime Citi exec Tony Larkin as CFO
Komainu, a regulated custody provider for the digital assets industry operating as a joint venture between Nomura, CoinShares, and Ledger, has announced the appointment of Tony Larkin as Chief Financial Officer (CFO). The appointment comes as Komainu expands its...
EURGBP bears ready pounce? :: InvestMacro
Euro ↓ on political jittersEURGBP hits 22-month low UK Jobs report & EU data in focusTechnical level – 0.8500Bloomberg FX model – 80% – EURGBP – (0.84065 – 0.85327)Euro bears are back in action thanks to political uncertainty linked to the European Parliament...
Tradeweb, FTSE Russell launch Tradeweb FTSE U.S. Treasury Closing Prices
Tradeweb and FTSE Russell today announced that they have launched Tradeweb FTSE U.S. Treasury Closing Prices, extending their combined offering of next generation fixed income pricing, which can be used in index trading products. Similar to the existing Tradeweb FTSE...
politicians to blame :: InvestMacro
By RoboForex Analytical DepartmentEUR/USD plummeted below 1.0800 and is currently hovering around 1.0796 on Monday morning. This development came amid heightened political tensions in France. President Emmanuel Macron called for early elections on Sunday in the wake...
MoneyGram appoints Gary W. Ferrera as CFO
MoneyGram International, Inc., global financial technology company, today announced the appointment of Gary W. Ferrera as Chief Financial Officer (CFO). In this role, Ferrera will lead all aspects of finance, accounting, tax and treasury, in support of the continued...
OCC adds Citadel Securities CTO Josh Woods to Board of Directors
Equity derivatives clearing organization OCC today announced the appointment of Josh Woods, Citadel Securities’ Chief Technology Officer, to its Board of Directors. Woods has nearly 20 years of experience in finance and technology. “Josh has a deep knowledge and...
Virtu announces proposed offering of $500M of senior first lien notes due 2031
Virtu Financial, Inc. (NASDAQ:VIRT) announced today that its subsidiaries, VFH Parent LLC and Valor Co-Issuer, Inc., intend to offer $500 million aggregate principal amount of senior first lien notes due 2031. This is an opportunistic private offering that is exempt...
Interactive Brokers adds new funds and fund families to Mutual Fund Marketplace
Electronic trading major Interactive Brokers has made new funds and fund families available at the Mutual Fund Marketplace. The Interactive Brokers Mutual Fund Marketplace provides clients from over 200 countries and territories with access to more than 48,000 funds...
HSBC to pay $25k fine for alleged violations of CME rules
International derivatives marketplace CME Group has published a notice of disciplinary action against HSBC Securities (USA) Inc. Pursuant to an offer of settlement in which HSBC neither admitted nor denied the finding or the rule violation upon which the penalty is...
BBVA Chair addresses shareholders regarding transaction with Banco Sabadell
On July 5, 2024, BBVA will hold an extraordinary shareholders’ meeting to approve a capital increase and thus move ahead with the process to purchase Banco Sabadell. BBVA Chair Carlos Torres Vila spoke to the bank’s shareholders today. In his message, he emphasized...
Exclusive: GTC / OneRoyal / ATFX alum Mouaz Hosni joins CNBC Arabia
FNG Exclusive… FNG has learned that US business news source CNBC has hired longtime FX industry executive Mouaz Hosni as Assistant Producer for its Middle East online and TV channel unit, CNBC Arabia. Mouaz Hosni has spent more than a decade working in the FX and CFDs...
Cboe Options adds two 10G customer switches on NY5
Effective immediately, Cboe Options Exchange (C1) has added two additional 10G switches to the NY5 datacenter customer access layer as part of ongoing switch hardware upgrades in the C1 environment. Two new 10G L3 switches are now available on the existing NY5...
ICE Futures US announces settlement of charges against ARB Trading Group North LP
ICE Futures US has announced settlement of charges against ARB Trading Group North LP. A subcommittee of the Exchange’s Business Conduct Committee (BCC) determined that from January 2023 through February 2023 (the “Relevant Period”), ARB Trading, through the actions...
Exclusive: ex Scope Markets CMO James Hughes launches financial marketing co Prezco
FNG Exclusive… FNG has learned that experienced FX industry marketing executive James Hughes has launched a new venture called Prezco. Based in London, Prezco is a content solutions provider specializing in the financial services industry, with a focus on FX/CFD...
FX week in review: XTrade license pulled, Jonathan Brewer returns, Saxo volume low, Robinhood buys crypto exchange
Before we get to this past week’s top FX and CFDs industry news stories, we’re pleased yet again to report record traffic (and social media following, and email newsletter subscribers…) here at FNG in the month of May 2024. Our traffic growth was led once again by...
Currency Speculators drop Swiss Franc bets to lowest since 2018 :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday June 4th and shows a quick view of how large market...
Speculator bets led by Coffee & Cocoa :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday June 4th and shows a quick view of how large traders...
Speculator Bets led lower by Platinum & Copper :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday June 4th and shows a quick view of how large traders...
Speculator Bets led lower by 5-Year Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday June 4th and shows a quick view of how large traders...
Speculator bets led by MSCI EAFE & Nasdaq :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday June 4th and shows a quick view of how large traders...
Silver, Peso, 5-Year & Sugar lead weekly bets :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on June 4th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Market awaits NFP data: Euro/Dollar consolidates :: InvestMacro
By RoboForex Analytical DepartmentAt the end of the week, the US dollar is hovering around an eight-week low against the euro, but trading activity remains subdued. Everyone is conserving energy ahead of this evening’s May employment data from the US. These reports...
SEC charges Finnish citizen with insider trading in advance of tender offer announcement
The Securities and Exchange Commission (SEC) announces settled charges against Anders J. Lindgren for insider trading in advance of the January 2023 announcement of a tender offer by AstraZeneca PLC to acquire CinCor Pharma, Inc. According to the SEC’s order, Lindgren...
Swiss FINMA publishes guidance on cyber risks
The Swiss Financial Market Supervisory Authority (FINMA) today published its guidance on cyber risks. All supervised institutions have obligation to report cyber attacks. The institution has 24 hours from the time a cyber attack is discovered to submit an initial...
Paul Purcell resigns from Sezzle BoD
Sezzle Inc. (NASDAQ:SEZL) today announced that Paul Purcell resigned from its Board of Directors on June 6, 2024, and declined to stand for reelection at the 2024 Annual Meeting of Stockholders. Mr. Purcell has served on Sezzle’s Board for 5 years (since April 2019)...
iSAM Securities launches RADAR real-time risk analytics dashboard
iSAM Securities has announced that it recently expanded its technological offering with the introduction of iSAM Securities RADAR, a real-time risk analytics dashboard allowing users to manage risk through intraday monitoring of book performance and profitability....
David Fineberg, Albert Soleiman acquire more shares in CMC Markets under incentive plan
CMC Markets Plc (LON:CMCX), a global provider of online trading and platform technology, today announced transactions in its shares by members of its top management. David John Fineberg, deputy CEO of CMC Markets, and Albert Soleiman, CFO of the broker, acquired...
R.J. O’Brien to pay $250k fine for alleged violations of ICE rules
ICE Futures U.S. has posted a notice of disciplinary action against R.J. O’Brien & Associates LLC (RJO). On June 6, 2024, a subcommittee of the Exchange’s Business Conduct Committee determined that from May 2021 through April 2023 (the “Relevant Period”), RJO may...
Monex to begin offering periodic purchase plan of mutual fund using d CARD
NTT Docomo, Inc. and Monex, Inc. today announced the launch of periodic purchase plan of mutual fund using Docomo’s credit card, d CARD®, starting Friday July 5, 2024. Applications for August 2024 purchases will also be accepted from the same date. With this new...
CME fines Schonfeld Strategic Management for alleged NYMEX rule violation
International derivatives marketplace CME Group has posted a notice of disciplinary action against Schonfeld Strategic Management LLC. Pursuant to an offer of settlement in which Schonfeld neither admitted nor denied the Rule violations or factual findings upon which...
CFTC charges Three Bridges Trading Fund with fraud and misappropriation
The Commodity Futures Trading Commission (CFTC) today filed a civil enforcement action in the U.S. District Court for the Western District of Tennessee against Three Bridges Trading Fund, LLC, a Tennessee corporation, and its owner, president, and manager, Donald Wray...
Exclusive: B2C2 hires Goldman Sachs exec Nikolay Karpenko as Director EMEA Sales
FNG Exclusive… FNG has learned that London based crypto liquidity provider B2C2 has hired Nikolay Karpenko, as the company’s new Director EMEA Sales. Nikolay Karpenko joins B2C2 after spending the past seven year at investment bank Goldman Sachs (NYSE:GS), serving as...
Coinbase introduces Advanced Trade Go SDK
Coinbase is introducing Advanced Trade Go SDK – a flexible sample application that allows customers to automate their crypto trading strategies on Coinbase Advanced. This SDK is built on top of Coinbase Advanced REST APIs and simplifies the development process,...
CME fines BNP Paribas for alleged violation of NYMEX rules
International derivatives marketplace CME Group today issued a notice of disciplinary action against BNP Paribas S.A. Pursuant to an offer of settlement in which BNP Paribas S.A. neither admitted nor denied the Rule violations or factual findings upon which the...
AI plus gene editing promises to shift biotech into high gear :: InvestMacro
During her chemistry Nobel Prize lecture in 2018, Frances Arnold said, “Today we can for all practical purposes read, write and edit any sequence of DNA, but we cannot compose it.” That isn’t true anymore.Since then, science and technology have progressed so much that...
MT5 build 4380 comes with series of enhancements
Fintech company MetaQuotes has announced the upcoming release of build 4380 of the MetaTrader 5 (MT5) platform. The MetaTrader 5 platform update will be released on Friday, June 7, 2024. The new version features the following changes: MetaTrader 5 Client Terminal...
Gold prices reach 2368 USD amid speculation of Fed rate cuts :: InvestMacro
By RoboForex Analytical DepartmentGold prices climbed to 2368 USD per troy ounce on Thursday, continuing the upward momentum for the second session. This surge comes as market expectations adjust to the likelihood of future interest rate cuts by the Federal Reserve,...
The markets will overreact to the headlines :: InvestMacro
By Jeffrey Hart, Auburn University As the saying goes, “There are lies, damn lies and statistics.”And on the first Friday of every month, the American public gets a ton of new statistics to peruse. That’s when the U.S. Bureau of Labor Statistics releases its latest...
The Bank of Canada has started a cycle of rate cuts. Today the same step is expected from the ECB :: InvestMacro
By JustMarketsOn Wednesday, the Dow Jones (US30) rose 0.25%, while the S&P 500 (US500) rose 1.18%. The NASDAQ Technology Index (US100) closed yesterday at a positive 1.96%. Stock indices rose on Wednesday, with the S&P 500 and Nasdaq 100 setting new all-time...
TradingView introduces BBTrend, indicator created by John Bollinger
TradingView is introducing BBTrend, an indicator created by John Bollinger, the originator of Bollinger Bands. In addition to introducing this new indicator, TradingView has also revised its existing Bollinger Bands indicators under Mr Bollinger’s direct oversight....
Robinhood to acquire Bitstamp for $200M in cash
Robinhood Markets, Inc. has entered into an agreement to acquire Bitstamp Ltd, a global cryptocurrency exchange. Robinhood expects the final deal consideration to be approximately $200 million in cash, subject to customary purchase price adjustments. The acquisition...
LSEG names Pascal Boillat its COO
London Stock Exchange Group plc (LSEG) today announces that Pascal Boillat has been appointed as Chief Operating Officer (COO). Pascal Boillat Mr Boillat will join the Group on 1 July 2024, reporting to David Schwimmer. Based in New York, Pascal will lead LSEG’s...
CFDs broker XTrade loses ASIC license over “unconscionable conduct”
Australia financial regulator ASIC has announced that it has cancelled the Australian financial services (AFS) license of retail over the counter (OTC) derivatives issuer XTrade.AU Pty Ltd (XTrade). XTrade offered clients opportunities to trade in contracts for...
Italy’s CONSOB orders blocking of CFDActive and Crypto Services UK websites
Italy’s Companies and Exchange Commission (CONSOB) has issued orders for the blocking of access to four unauthorised investment websites. In issuing the orders, the regulator made use of the powers deriving from the “Growth Decree” (law no. 58 of 28 June 2019, article...
ASIC cancels licence of Aussie Wealth Super
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services (AFS) licence of Aussie Wealth Super Pty Ltd. The cancellation is effective from 3 June 2024. The AFS licence was cancelled after ASIC received notification...
ASIC warns about misuse of its logo on social media to promote fake investments
The Australian Securities and Investments Commission (ASIC) is warning consumers about the misuse of ASIC’s logo on social media to promote fake investments and stock market trading courses and cold calling, and Telegram impersonations. ASIC has received a number of...
FINRA fines Crown Capital Securities
Crown Capital Securities has agreed to pay a $50,000 fine as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From January 2014 to December 2019, Crown Capital Securities failed to reasonably supervise transactions that the firm’s...
Euronext to repurchase 100k shares as part of its long-term incentive plan
Pan-European market infrastructure Euronext today announced that it will repurchase 100,000 of its own shares as part of its Long-Term Incentive plans. This repurchase programme will be implemented and directed by an independent agent from 6 June 2024 to 21 June 2024....
Breaks $71k ahead of US NFP :: InvestMacro
Roughly 4% away from all-time highOver past year NFP triggered moves of ↑ 2.5% & ↓ 1%Key level of interest – $72,000Are Bitcoin bulls gearing up for another charge higher?Well, the world’s largest cryptocurrency has jumped almost 5% this week, trading around...
APRA fines Equity Trustees for failing to meet data reporting requirements
The Australian Prudential Regulation Authority (APRA) has fined Equity Trustees Superannuation Limited (ETSL) $782,500 for failing to meet its legal obligations to report data to APRA. ETSL breached the requirements of the Financial Sector (Collection of Data) Act...
New Zealand Dollar shows stability amid US economic concerns :: InvestMacro
By RoboForex Analytical Department The NZD/USD pair is stable, consolidating around 0.6189 on Wednesday. The New Zealand dollar maintains a sideways trend and appears relatively robust in the current market environment.Recent pressure on the US dollar, triggered by...
IEX appoints John Palmer to lead new markets
IEX Group, Inc today announced the appointment of John Palmer to lead its efforts to build out new markets. As a member of the IEX Group, Inc. leadership team, Palmer will focus on leveraging the strengths of IEX’s core system and technology to develop new markets and...
Australia’s economy is slowing down. The BoC meeting is in the spotlight today :: InvestMacro
By JustMarketsAt Tuesday’s close, the Dow Jones Index (US30) was up 0.36%, while the S&P 500 Index (US500) added 0.15%. The NASDAQ Technology Index (US100) closed positive 0.17% yesterday. The April JOLTS job openings number fell more than expected to a 3-year...
FSCS confirms administrators appointed at TenetConnect Services Ltd
On 5 June 2024 the directors appointed Ed Boyle, Howard Smith and Rob Spence of Interpath Ltd as Joint Administrators of Tenet Group Ltd. Ed Boyle and Rob Spence were also appointed as Joint Administrators of its subsidiary companies Tenet Ltd, TenetConnect Ltd and...
Finseta completes sale of Capital Currencies
Finseta plc (LON:FIN), a Forex and payments solutions company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, announces the completion of the sale of 100% of the share capital of Capital Currencies Ltd. The...
Tether invests $18.75M in Taiwan’s XREX to further blockchain-based EM payments
Tether, the largest company in the digital asset industry, has announced a strategic investment of $18.75 million in Taiwan’s XREX Group, a fully regulated, blockchain-enabled financial institution. This collaboration aims to drive innovation in the digital asset...
SEC brings insider trading charges against former Lumentum exec
The Securities and Exchange Commission (SEC) has filed insider trading charges against Andre Wong for unlawfully trading the securities of NeoPhotonics Corporation ahead of an announcement that his then-employer, Lumentum Holdings Inc, had agreed to acquire...
Marqeta opens new office in Poland
Marqeta, a global modern card issuing platform, today announced its new office in Warsaw, Poland to support its long term business and growth strategies. By setting up operations in Poland, Marqeta gains direct access to the European Union, positioning it well for...
Exclusive: Institutional broker GMI UK sees 37% decline in 2023 Revenues to £617K
FNG Exclusive… FNG has learned via regulatory filings that FCA regulated FX and CFDs broker Global Market Index Limited has seen a second consecutive year of Revenue declines in 2023, with the company bringing in just £616.6 thousand (USD $787,000), down by 37% from...
LMAX launches FX NDFs trading in Singapore and London
Institutional FX and digital assets broker LMAX Group has announced the launch of FX Non-Deliverable Forwards (NDFs), available to trade in two matching centres, Singapore (SG1) and London (LD4). The launch follows the receipt by LMAX Exchange, the Group’s global...
Sumsub joins Mastercard Engage Partner Program as Digital First tech partner
Sumsub, a global full-cycle verification platform, has joined the Mastercard Engage Partner Program as a technological partner focused on Digital First solutions. Sumsub will provide its full suite of verification and anti-fraud solutions to secure customers’...
Barclays names Alexander Altmann its Global Head of Equities Tactical Strategies
Barclays today announced the appointment of Alexander Altmann as Managing Director and Global Head of Equities Tactical Strategies. Mr Altmann will be based in New York, reporting to Ronnie Wexler, Global Head of Equities Distribution. In this newly created global...
Oil prices decreased for the 5th consecutive session. AI companies support the NASDAQ index :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones Index (US30) was down 0.30%, while the S&P 500 Index (US500) added 0.11%. The NASDAQ Technology Index (US100) closed positive 0.56% yesterday. The general market’s gains were limited as economic concerns pressured...
E*Trade considering Keith Gill ban on GameStop meme stock manipulation concerns
US business news sources Wall Street Journal (WSJ) and CNBC are reporting than online brokerage E*Trade is considering a ban of meme stock trader Keith Gill, over recent activity in shares of GameStop (NYSE:GME). Keith Gill was at the center of the meme stock craze in...
Hits 3-week high :: InvestMacro
Sugar ↑ almost 3% month-to-dateRoughly 25% away from 2024 highH1 prices bullish but RSI overboughtTechnical levels – 19.08, 18.90 and 18.50Check this out, FXTM’s new Sugar commodity has just touched a fresh three-week high!After wobbling near multi-week lows, prices...
CME fines Peter Kosanovich (MGLA) for “unbusinesslike language”
International derivatives marketplace CME Group has issued a notice of disciplinary action against Peter Kosanovich (MGLA). On May 20, 2024, a panel of the Floor Conduct Committee found that on April 12, 2024, Kosanovich directed unbusinesslike language at another...
Japanese yen strengthens unexpectedly against US dollar :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair unexpectedly declined last night due to a weakening US dollar. Currently, it is hovering around 156.33.Japanese Finance Minister Shunichi Suzuki highlighted the government’s recent interventions to support the yen,...
FXSpotStream parent LiquidityMatch names Caplin Systems’ John Ashworth as Chair
LiquidityMatch LLC, the parent company of FXSpotStream LLC, has announced that the company has appointed John Ashworth as Independent Chair of its Board of Directors. John currently serves as CEO of Caplin Systems, a software firm that provides trading systems to the...
Edmund Reese to step down from role of Broadridge CFO
Broadridge Financial Solutions, Inc. (NYSE:BR) announced today that Edmund Reese, Chief Financial Officer, will be stepping down from his role, effective June 30, 2024. Mr Reese will become Chief Financial Officer of Aon, a $61 billion market capitalization global...
Marqeta appoints Marcin Glogowski as SVP, Managing Director Europe and UK CEO
Global modern card issuing platform Marqeta (NASDAQ:MQ) today announced the appointment of PayPal veteran Marcin Glogowski as SVP, Managing Director Europe and UK CEO, where he will be responsible for leading Marqeta in the region. Marcin Glogowski Marqeta has...
SEC secures final judgment against former Arista Networks Chairman for insider trading
The Securities and Exchange Commission (SEC) has obtained final judgment against Andreas “Andy” Bechtolsheim, the founder and Chief Architect of Silicon Valley-based technology company Arista Networks, Inc in an action alleging that he engaged in insider trading. The...
Cboe Silexx adds Favorites, enhances Risk Radar
Cboe Silexx, a multi-asset order execution management system (OEMS) that caters to the professional marketplace, has announced a series of enhancements as part of version 24.4. Cboe announces the release of favorites. Users can now save favorites within the Multi...
Bitpanda expands partnership with Deutsche Bank
Fintech unicorn Bitpanda is expanding its partnership with Deutsche Bank to provide real-time payment solutions for incoming and outgoing transactions for users in Germany. This API-based account solution will provide Bitpanda with access to German IBANs, streamlining...
Tradeweb launches innovative features bridging its repo and IRS product offerings
Tradeweb Markets Inc. (NASDAQ:TW), a global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has launched innovative features bridging the firm’s repurchase agreements (repo) and interest rate swap (IRS) product...
Dukascopy adds MT5 to lineup of trading platforms
Following the successful completion of Beta testing Dukascopy Bank SA today announced the addition of MetaTrader 5 (MT5) to its suite of trading platforms, including the outstanding JForex 4 and the popular MT4 platform. This addition marks a significant enhancement...
Binance announces product offering changes because of MiCA rules coming into force
Binance has announced changes to its product offering because of the new MiCA stablecoin rules, which will come into effect on June 30, 2024 in the European Economic Area (EEA). Only certain regulated companies will be able to issue and offer to the public...
CME Group names John Ricci its Managing Director and Global Head of Agricultural Products
International derivatives marketplace CME Group today announced the appointment of John Ricci as Managing Director and Global Head of Agricultural Products. Reporting to Derek Sammann, Senior Managing Director and Global Head of Commodities Markets, Ricci will be...
Prop firm Maven Trading hires Smart Prop Trader exec Ryan Lepper as CFO
Vancouver, Canada based retail prop trading firm Maven Trading has announced the appointment of Ryan Lepper as its new Chief Financial Officer (CFO). With over two decades of experience in business and finance, Maven Trading said that Ryan brings knowledge and...
Interactive Brokers registers 27% Y/Y rise in DARTs in May 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just reported its operating metrics for May 2024. The brokerage registered 2.360 million Daily Average Revenue Trades (DARTs) in May 2024, 27% higher than in May 2023 and 1% higher than in...
OPEC+ extending key oil production cuts :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) Index gained 1.51% (for the week -1.03%), while the S&P 500 (US500) Index was up by 0.80% (for the week -0.07%). The NASDAQ Technology Index (US100) closed negative 0.01% (for the week -0.31%). Stocks rallied sharply...
Nuvei partners with Visa to offer Visa Direct in Colombia
Canadian fintech company Nuvei Corporation (TSX:NVEI) has partnered with Visa, to offer Visa Direct in Colombia. Nuvei is the first global payments provider to offer Visa Direct to its customers in the country. Visa Direct is a VisaNet processing capability that...
Alibaba’s (BABA) Secret Weapon for Future Growth :: InvestMacro
By The Ino.com TeamAmid challenging regulatory pressures, economic headwinds, and fierce market competition, Alibaba Group Holding Limited (BABA) has showcased a resilient performance, as evidenced by its latest quarterly results. Shares of the Chinese e-commerce...
Mastercard introduces Biometric Checkout Program in Uruguay
Mastercard today announced the expansion of its global Biometric Checkout Program in Latin America (LAC). With partners Ingenico, Fulcrum Biometrics, Fujitsu Frontech, and Scanntech, Mastercard has launched an innovative in-store biometric payment experience at Tienda...
USDInd seeks fresh directional catalyst :: InvestMacro
ECB meeting & NFP in focusOver past year ECB triggered moves of 0.6% ↑ or ↓Trapped in D1 range since mid-MayTechnical levels – 105.20 and 104.20 After bouncing within a 1000-point range since mid-May, FXTM’s USDInd is on breakout watch!A high-risk cocktail...
TradingView adds improved futures data from Hong Kong Stock Exchange
TradingView is now offering traders improved futures data from the Hong Kong Stock Exchange: they can now back-adjust contracts, use settlement prices and track Open interest. Back-adjustment of previous contracts Since price discrepancies across different contracts...
Saxo Bank plans changes to sub-account transfer across currencies
Multi-asset investment specialist Saxo Bank has announced that cross currency sub-account transfers during FX non-trading hours will no longer be supported starting mid/end June 2024. Saxo Bank is making this change to minimise the risk contributing to FX conversion...
US Treasury Bond, Silver lead weekly Bullish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on May 28th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
GLMX secures regulatory approval from Monetary Authority of Singapore
GLMX Technologies LLC, a technology provider for global money market trading, including repurchase agreements, securities lending and time deposits, has been designated by the Monetary Authority of Singapore (MAS) as a Recognized Market Operator (RMO) effective May...
Speculator bets led by 5-Year Bonds & US Treasury Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday May 28th and shows a quick view of how large traders...
Exclusive: Trading.com hires ZuluTrade alum Theodosis Lapatas as US Head of Marketing
FNG Exclusive… FNG has learned that online broker Trading.com has hired Athens, Greece based FX industry executive Theodosis Lapatas as the company’s new Head of Marketing – US. Theodosis Lapatas was Head of Affiliates for two years at copy trading platform provider...
GBP and Euro Speculator bets rise for multiple weeks :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday May 28th and shows a quick view of how large market...
Genesis offers new tools and incentives to financial industry software developers
Genesis Global today announced new initiatives to make it easier and faster for financial markets firms to address their most pressing, strategic and innovative software opportunities with the Genesis Application Platform. Facilitated by Version 8 of the Genesis...
Speculator bets led by Soybean Meal & Soybeans :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday May 28th and shows a quick view of how large traders...
Weekly Speculator Changes led by Gold :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday May 28th and shows a quick view of how large traders...
Speculator bets led by S&P500 & VIX :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday May 28th and shows a quick view of how large traders...
FX week in review: New CEOs at TopFX and Saxo UK, NAGA upgrade, Prop firm closes
There were more than the usual number of senior executive moves in the FX and CFDs space this past week, including the outside hire of CEOs at two of the more recognized brands in the business. Who is the new CEO of TopFX? Which alum did Saxo Bank turn to as the new...
What New York City’s Art Auctions Tell You About the Stock Market — and Social Mood :: InvestMacro
By Peter Kendall | Chief Analyst for U.S. Markets and Cultural TrendsThe fall and spring auctions in New York City are the art market’s bellwether sales events. And according to The New York Times, the results from the City’s spring art auction season “tell a story of...
SEC charges Trillium Capital with fraudulent scheme to manipulate Getty Images stock
The Securities and Exchange Commission (SEC) today charged Robert Scott Murray and Trillium Capital LLC, a private company controlled by Murray, with a fraudulent scheme to manipulate the stock price of Getty Images Holdings Inc. by announcing a phony offer by...
CME Group fines, suspends trader for violating wash trades prohibition
International derivatives marketplace CME Group has posted a notice of disciplinary action against Jeong Taewon. The Chief Regulatory Officer of CME Group’s Market Regulation Department issued a charge against Jeong Taewon for violating Rule 534. based on allegations...
Ian Halliday-Pegg resigns as CEO of RegTech Open Project
RegTech Open Project plc (LON:RTOP), the technology business specialised in the automation, management, and optimisation of regulatory compliance operations, announces that Ian Halliday-Pegg has tendered his resignation from his position as Chief Executive Officer and...
New Zealand Dollar gains for second day against US Dollar :: InvestMacro
By RoboForex Analytical DepartmentThe New Zealand dollar continues its ascent for the second consecutive session against the US dollar, resulting in the NZD/USD pair climbing to 0.6125. This increase is attributed to recent US economic data indicating...
UBS closes merger of UBS AG and Credit Suisse AG
UBS Group AG announced today that it has completed the merger of UBS AG and Credit Suisse AG. The completion of the merger within the expected timeline was facilitated by the strong support from regulators across the globe. Today, Credit Suisse AG has been...
Brent waits on OPEC+ meeting :: InvestMacro
Brent ↑ 6% year-to-dateHeaded for biggest monthly ↓ in 2024OPEC+ decision, EIA data & NFP in focusOver past year NFP triggered moves of 1% ↑ or ↓Technical levels – $84.50 & $81.00Key central bank decisions and top-tier economic data could rock markets in the...
ICI, SIFMA and DTCC issue statement on U.S. move to T+1
Today, the Investment Company Institute (ICI), the Securities Industry and Financial Markets Association (SIFMA), and DTCC issued the following statement on the move to T+1: “With the U.S. T+1 settlement cycle for corporate bonds, municipal bonds, and equities...
Investors’ focus today is on the PCE Price Index data. Conditions for inflation growth are forming in Japan :: InvestMacro
By JustMarketsAt the end of Thursday, the Dow Jones Index (US30) decreased by 0.86%. The S&P 500 Index (US500) is down 0.60%. The NASDAQ Technology Index (US100) closed negative 1.08%. Meanwhile, the S&P 500 (US500) fell to a 2-week low, the Dow Jones (US30)...
In Conversation with Dany Mawas: Finalto ODP Solutions
FNG Interview… The annual Finance Magnates Africa Summit (FMAS) conference is a cornerstone event for the financial services sector, offering a platform for industry leaders to discuss the latest trends and regulatory developments. This year, FMAS:24 was particularly...
Saxo Bank updates on decommissioning of its legacy platform Webconnect
Multi-asset investment specialist Saxo Bank has issued an update to its white label clients regarding the decommissioning of its legacy platform Webconnect and the successful launch of its new platform, SaxoPartnerConnect. Saxo explains that many of its partners have...
Why Nvidia’s Stock Surge Could Translate to Higher Dividends :: InvestMacro
By The Ino.com TeamWith a $2.35 trillion market cap, NVIDIA Corporation (NVDA) has had an exceptional year so far. Following a stellar 2023, NVDA’s stock has already surged nearly 92% since January. Moreover, the stock has gained over 200% in the past year.This surge...
Italy’s CONSOB orders blocking of access to websites of Forexelite, TBMarket, Imperialcap-24
Italy’s Companies and Exchange Commission (CONSOB) has issued orders for the blocking of access to five unauthorised investment websites. The websites targeted by CONSOB’s orders are: “TBMarket” (website https://tbmarket.co); “Ahfultra” (website https://ahfultra.co...
ANZ sells remaining 5.2% shareholding in AmBank
ANZ has agreed to sell its remaining 5.2% of the issued capital in AMMB Holdings Bhd (AmBank) via a block trade at a price of MYR4.10 per share. ANZ Chief Financial Officer Farhan Faruqui said: “The sale of our equity stake in AmBank is a significant milestone in...
Colorado takes a new – and likely more effective – approach to the housing crisis :: InvestMacro
By Brian J. Connolly, University of Michigan In recent years, Colorado has been a poster child for the U.S. housing crisis. Previously a relatively affordable state, it has seen home prices increase nearly sixfold over the past three decades, outstripping even Florida...
Clearstream now offers Italian domiciled funds for execution processing via Vestima
Clearstream now supports operational processing for Italian domiciled funds within the Clearstream Fund Services ecosystem. As part of its enhanced product offering, Clearstream can now support execution activities for open-ended Mutual Funds (fondi comuni di...
XDC Network, R3 Corda complete inter-business settlement PoC
SBI XDC Network APAC Co., Ltd. and SBI R3 Japan Co., Ltd. have successfully completed a proof-of-concept experiment. The PoC proved that value via digital asset can be transferred over different distributed ledger technologies (DLT), XDC Network and R3 Corda platform,...
Why the US government is trying to break up Live Nation Entertainment – a music industry scholar explains :: InvestMacro
By David Arditi, University of Texas at Arlington The U.S. Justice Department, along with 29 states and the District of Columbia, have filed an antitrust lawsuit against Live Nation Entertainment, the parent company of Ticketmaster.The lawsuit alleges that Live Nation...
Cotton, EURCHF & UK100 hit targets :: InvestMacro
Cotton bulls bag 80 pointsEURCHF secures all 4 bearish targetsUK100 slams into 3rd bullish levelAnticipation was the theme this week as investors braced for the incoming US PCE data.It felt like a typical “calm before the storm” across markets ahead of this key risk...
Broadridge acquires AdvisorTarget – FX News Group
Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) announced today that it has acquired AdvisorTarget, a market leader in providing asset management and wealth management firms with data products to help power digital marketing, sales and engagement...
Avocados are a ‘green gold’ export for Mexico, but growing them is harming forests and waters :: InvestMacro
Consumers’ love for avocados in the United States seems to know no bounds. From 2001 through 2020, consumption of this fruit laden with healthy fats tripled nationwide, rising to over 8 pounds per person yearly.On average, 90% of those avocados are grown in the...
Robinhood introduces Robinhood Crypto Trading API
Robinhood Crypto customers in the United States can now use the Robinhood API to view crypto market data, manage portfolios and account information, and place crypto orders programmatically. “With our new crypto trading API, we’re helping customers harness the full...
Brent crude oil declines again :: InvestMacro
By RoboForex Analytical DepartmentThe commodity market, struggling to maintain its upward momentum, frequently slips into sell-offs. On Thursday, the price of Brent crude oil fell to 83.60 USD per barrel.On Wednesday evening, Brent lost almost 1% of its value due to...
TradingView offers new opportunities for Dhan clients
TradingView is offering new opportunities for Dhan clients by adding options trading to the integration. Launched in 2021, Dhan is a user-first trading and investing platform driven by technological innovations. With a strong focus on tech and product development,...
Traders further lowered their expectations for a Fed interest rate cut this year :: InvestMacro
By JustMarketsAt Tuesday’s close, the Dow Jones Index (US30) decreased by 1.06% and fell to a 3-week low. The S&P 500 index (US500) was down 1.06%. The NASDAQ Technology Index (US100) closed negative 0.58%. Stocks declined amid rising bond yields driven by hawkish...
Nasdaq adds new AI-powered capabilities for Nasdaq Boardvantage Board Portal on Microsoft Azure
Nasdaq today announced its Capital Access Platforms division has introduced new artificial intelligence (AI) powered capabilities for the Nasdaq Boardvantage Board Portal on Microsoft Azure. These capabilities, powered by Microsoft Azure OpenAI Service, are designed...
Saxo UK hires InvestCloud exec Andrew Bresler as CEO
Copenhagen based Retail FX and CFDs broker Saxo Bank has announced the appointment of Andrew Bresler as CEO of Saxo Capital Markets UK Ltd, the company’s London-based and FCA regulated unit, effective June 3rd. He takes over from interim CEO Simon Camilleri, the...
Garanti BBVA’s crypto app now supports AVAX coins
Garanti BBVA’s mobile platform for cryptocurrencies now offers Avalanche c-chain support for AVAX coins, an asset in high demand in Türkiye. The cryptocurrency joins Bitcoin (BTC), Ethereum (ETH) and USD Coin (USDC) on the ‘Garanti BBVA Crypto’ app, which provides...
FINRA fines BofA Securities for alleged rule violations
BofA Securities, Inc has agreed to pay a fine of $90,080 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). Between August 2019 and August 2022, BofA Securities violated FINRA Rules 5190 and 2010 in 195 instances by filing untimely or...
LMAX Group hires XTX Markets alum Chris Knight as Managing Director
Institutional FX and digital assets broker LMAX Group has announced the appointment of Chris Knight to the role of Managing Director. Chris will be relocating from Sydney to London and will take up the role over the summer. In his new position, Chris will initially...
ESMA issues guidance to firms using AI in investment services
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has issued a statement providing initial guidance to firms using Artificial Intelligence technologies (AI) when they provide investment services to retail...
ASIC permanently bans ex-director of Equus Private Wealth from financial services industry
The Australian Securities and Investments Commission (ASIC) has issued two orders permanently banning Melbourne-based former director Christopher David Nairn from the financial services and credit industries. Mr Nairn falsified numerous documents by forging his...
Onboarding regtech Muinmos adds Anders Kirketerp-Møller to its Board
Client onboarding solutions specialist Muinmos has announced the addition of seasoned C-level executive and governance expert Anders Kirketerp-Møller to its Board of Directors. Anders will be leveraging his extensive experience from large global businesses to drive...
HK Court convicts market manipulators for false trading in shares of Ching Lee Holdings
The Hong Kong Court of First Instance today convicted three individuals, Ms Sit Yi Ki, Ms Lam Wing Ki and Mr Tam Cheuk Hang of conspiracy to carry out false trading in the shares of Ching Lee Holdings Limited following a 22-day market manipulation trial by jury. The...
CySEC suspends authorisation of W.G. Wealth Guardian
The Cyprus Securities and Exchange Commission (CySEC) announces that the authorisation of the Cyprus Investment Firm W.G. Wealth Guardian Ltd is suspended in whole. The suspension is executed pursuant to section 10(1) of Directive DI87-05 for the Withdrawal and...
GCEX partners with DV Chain for enhanced institutional crypto liquidity
FX and digital assets institutional broker GCEX has announced that it has entered into a new partnership with DV Chain, a leading provider of liquidity and market-making services for cryptocurrencies. This collaboration will enable GCEX’s clients to benefit from DV...
SEC brings charges against Mass Ave Global and Co-Founder and CEO Winston Feng
The Securities and Exchange Commission (SEC) today instituted settled proceedings against formerly registered investment adviser Mass Ave Global Inc. and its co-founder and CEO Winston M. Feng for making false and misleading statements to investors in MassAve’s...
Enhancing Security, Transparency, and Efficiency in Digital Currency Deposits with iSAM Securities MD Sam Johnson
FNG Interview… The iSAM Securities Crypto Margin Facility offers clients a seamless and secure way to deposit margin as digital currency. Chosen for their stability and transparency, deposits are accepted in the form of both USDT and USDC on the ERC-20 Blockchain....
Shaky ahead of PCE inflation data :: InvestMacro
Bitcoin ↑ 14 month-to-dateCould be rocked by US inflation dataOver past year PCE triggered moves of ↑ 1% & ↓ 2.3%Technical levels – $70,000 & $67,000Keep eye on Ethereum, Solana & Litecoin among othersThe past few days have been volatile for the world’s...
Cboe plans to list Cboe iBoxx $ Emerging Market Bond Index futures
Derivatives and securities exchange network Cboe Global Markets, Inc. today announced plans to list Cboe iBoxx $ Emerging Market Bond Index futures for trading on Cboe Futures Exchange, LLC (CFE) beginning on June 17, subject to regulatory review. The IEMD futures...
Australian dollar hits 0.6650 amid mixed economic signals :: InvestMacro
By RoboForex Analytical DepartmentThe AUD/USD pair rose to 0.6650 on Wednesday following the release of Australian economic data. Australia’s consumer price index (CPI) accelerated to 3.6% year-on-year in April, up from 3.5% in March. This slight increase in inflation...
NYSE partners with CoinDesk Indices to launch products tracking spot Bitcoin prices
The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE:ICE), today announced it is collaborating with CoinDesk Indices to launch cash-settled index options tracking the CoinDesk Bitcoin Price Index (XBX). ICE and the NYSE intend to work with...
Oil rises amid increasing geopolitical tensions in the Middle East. Inflation is rising in Australia :: InvestMacro
By JustMarketsThe Dow Jones Index (US30) fell by 0.55% to a two-week low on Tuesday, while the S&P 500 Index (US500) gained 0.03%. The NASDAQ Technology Index (US100) closed positive 0.59%. Minneapolis Fed President Kashkari’s comments were somewhat hawkish for...
Circle launches in Brazil – FX News Group
Circle, a global financial technology firm and the issuer of the USDC stablecoin, today announced its official launch in Brazil. This expansion marks an opportunity to deliver highly demanded USD-backed digital dollars and digital asset infrastructure to a market at...
Worldline signs contract with Banque Raiffeisen for cloud-based instant payments in Luxembourg
Provider of payment services Worldline has signed a contract with Banque Raiffeisen, making it Worldline’s first client on its cloud-based instant payments solution in Luxembourg. Worldline already works closely with Banque Raiffeisen, providing services including...
Ouinex selects Netdania for Web3-powered Crypto trading platform
France based crypto trading platform and blockchain solutions company Ouinex has announced that it has joined forces with Netdania, a leader in trading software and analytics, to launch a state-of-the-art cryptocurrency trading platform and expand on their shared...
PayPoint announces £1M investment in Aperidata
PayPoint has today announced a £1 million investment in Aperidata Ltd, an innovative consumer and business credit reporting and Open Banking platform. The deal will see the PayPoint Group building on an existing commercial partnership between the two companies...
Robinhood, traders reach settlement in short squeeze lawsuit
A group of traders and Robinhood have reached a settlement regarding the Federal Securities Tranche of the January 2021 short squeeze lawsuit. On May 28, 2024, Robinhood Markets, Inc., Robinhood Financial LLC, and Robinhood Securities, LLC and Plaintiffs Blue...
ESMA issues statement on sharing info during pre-close calls
The European Securities and Markets Authority (ESMA) issued today a statement reminding issuers about the legislative framework applicable to “pre-close calls” and encouraging them to follow good practices when engaging in such calls, with the goal of contributing to...
NFA imposes $150k fine on Sigma Broking Limited
The United States National Futures Association (NFA) has ordered Sigma Broking Limited to pay a $150,000 fine. Sigma Broking is an introducing broker Member of NFA located in London, United Kingdom. The Decision, issued by an NFA Hearing Panel, is based on a Complaint...
PayPal announces new leadership appointments
PayPal Holdings, Inc. (NASDAQ:PYPL) today announced new leadership appointments that will drive the creation of a new advertising platform and strengthen the company’s consumer value proposition. Mark Grether will join on May 28 as SVP, General Manager, PayPal Ads,...
CMO Themis Christou leaves prop firm The Trading Pit
Cyprus based executive Themis Christou has announced that he has left his position as Chief Marketing Officer (CMO) of prop trading firm The Trading Pit. His departure comes soon after The Trading Pit co-founder Christoph Radecker, and Thomas Heyden, who served as CEO...
ICE Futures denies Excelia Investments access to all Exchange markets
On May 28, 2024, the Chief Regulatory Officer of ICE Futures U.S.’ Market Regulation Department summarily denied Anthony Scigliano and his firm, Excelia Investments Limited direct and indirect access to all Exchange markets and the Exchange’s electronic trading system...
Set for a major rebound? :: InvestMacro
Cotton ↑ 7% month-to-dateHeaded for first ↑ month since FebOver 20% away from 2024 highH4 prices bullish but RSI overboughtTechnical levels – 83.90, 81.50, 79.50FXTM’s new Cotton commodity could be set for a major rebound after ending last week on a firmly positive...
Stifel, Marex announce prime brokerage referral partnership
Stifel Financial Corp. (NYSE:SF) today announced it has entered into a prime brokerage services referral partnership with Marex Group plc (NASDAQ:MRX), a global diversified financial services platform to allow both firms’ broker-dealer affiliates to better service...
Gold prices edge towards $2351 amid weakening US Dollar :: InvestMacro
By RoboForex Analytical DepartmentGold prices are on an upward trajectory, moving towards 2351.00 USD per troy ounce on Tuesday. This marks a significant rise after days of sideways movement, highlighting the metal’s renewed appeal among investors.This surge in gold...
FCA confirms Intelligent Money’s entry into administration
Intelligent Money Ltd is a self-invested personal pension (SIPP) operator authorised and regulated by the UK Financial Conduct Authority (FCA). On 28 May 2024, the directors of Intelligent Money appointed Richard Heis and Edward Boyle of Interpath Advisory as joint...
Oil rises moderately ahead of OPEC+ meeting. ECB plans to cut interest rates next week :: InvestMacro
By JustMarketsUS stock indices were not traded yesterday due to the Memorial Day holiday.Equity markets in Europe mostly went up yesterday. The German DAX (DE40) rose by 0.44%, the French CAC 40 (FR40) closed with a 0.46% gain, the Spanish IBEX 35 (ES35) added 0.71%,...
IOSCO Board elects Jean-Paul Servais as Chair for a further term
The Board of global security regulator umbrella group IOSCO has announced the re-election of Jean-Paul Servais as its Chair for a further two-year term. Jean-Paul Servais also serves as Chair of IOSCO’s European Regional Committee (ERC) and of Belgium’s Financial...
CySEC to launch its Regulatory Sandbox
Recognizing the rapid evolution of financial, regulatory and supervisory technology, the Cyprus Securities and Exchange Commission (CySEC) today announced the establishment of its Regulatory Sandbox, which constitutes the evolution of its Innovation Hub. The...
Commerzbank completes FX migration to Murex’s MX.3 Platform
Frankfurt based banking and finance company Commerzbank (FRA:CBK) has announced that it has completed a strategic migration and simplification of its global FX, FX derivatives, equities and commodities activity, streamlining trading and risk in Murex’s integrated MX.3...
Australian regulator imposes additional licence conditions on Mercer Super
The Australian Prudential Regulation Authority (APRA) has imposed additional licence conditions on Mercer Superannuation (Australia) Limited (Mercer Super) to ensure it addresses risk management and compliance management deficiencies identified by APRA. Mercer Super...
Nasdaq, FIA Tech collaborate to increase resiliency of post trade infrastructure
Nasdaq (NASDAQ:NDAQ) and FIA Tech today announced they will partner to help reduce the complexity of post trade data processing across the exchange traded derivative market. Nasdaq will integrate its strategic clearing platform, Nasdaq Real-Time Clearing, into FIA...
Dirk Loscher to succeed Stephanie Eckermann as CEO of Clearstream Banking
Following the appointment of Stephanie Eckermann to the Executive Board of Deutsche Börse AG and her broadened responsibility, the Supervisory Board of Clearstream Banking AG has made changes to the Executive Board. As of 1 June 2024, Dirk Loscher will be appointed as...
HK watchdog reminds public about end of non-contravention period for crypto trading platforms
The Securities and Futures Commission (SFC) of Hong Kong reminds the public that the non-contravention period for virtual asset trading platforms (VATPs) operating in Hong Kong under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap 615) (AMLO)...
Monex’s Coincheck boasts success of BRIL IEO
Coincheck, Inc., a subsidiary of Japanese online trading company Monex Group, Inc., today updated on the Brilliantcrypto Token (BRIL) IEO. Coincheck announced that the total application amount for the Brilliantcrypto Token (BRIL), whose purchase applications began on...
Canada launches T+1 Settlement one day before the US
The Canadian Securities Administrators (CSA) today announced that rule amendments supporting the move to a shorter settlement cycle for equity and long-term debt market trades came into force in Canada. Canada has been planning for T+1 Settlement for two years. The...
Exclusive: Flow Traders exec Joeri van Eck joins 360T’s Spot and NDF business
FNG Exclusive… FNG has learned that Deutsche Borse FX trading solutions unit 360T has hired Joeri van Eck for EMEA Sales – Spot & NDF Specialist. Joeri van Eck joins 360T from Amsterdam based liquidity provider and market maker Flow Traders, where he spent the...
TradingView introduces TradingView Options – FX News Group
TradingView is introducing its newest product — TradingView Options (Beta). This tool is designed to enhance users’ trading experience with an advanced options strategy builder that can be used to model strategies of any complexity level. TradingView Options starts...
Stephanie Eckermann to join Executive Board of Deutsche Börse
The Supervisory Board of Deutsche Börse AG appointed Stephanie Eckermann as a new member of the Executive Board. As of 1 June, she will be leading the newly formed Post-Trading division, which comprises the Securities Services and Fund Services businesses with the...
Spotware releases cTrader Desktop 5.0.22
Fintech company Spotware Systems has released cTrader Desktop 5.0.22. The latest version of the desktop platform offers Shared Access for branded cTrader applications. A number of issues were addressed, including: Backtesting performance degradation Parent StackPanel...
Exclusive: XS.com hires Orbex exec Yara Ahmed for MENA BizDev
FNG Exclusive… FNG has learned that Retail FX and CFDs broker XS.com has hired Egypt based executive Yara Ahmed, as Business Development Manager – MENA. Yara Ahmed joins XS.com from Orbex, where she filled a similar role for the past four years. She holds a Bachelors...
Nomura, Laser Digital partner with GMO Internet Group on issuance of JPY and USD stablecoins
Nomura Holdings and Laser Digital will partner with GMO Internet Group to explore the issuance of JPY and USD stablecoins in Japan. GMO-Z.com Trust Company, Inc., the U.S. subsidiary of the GMO Internet Group, issues stablecoins on major blockchains such as Ethereum,...
FCA cancels Toza Payment Technology Limited’s registration as small payment institution
The UK Financial Conduct Authority (FCA) has decided to to cancel the small payment institution (SPI) registration granted to Toza Payment Technology Limited. The Authority issued to the firm a Warning Notice and Decision Notice which notified it of its decision to...
Match-Trader platform May updates include notification grouping, demo execution mode
Multi-asset trading platform provider Match-Trade Technologies has introduced a series of enhancements to its Match-Trader platform during the month of May 2024, with a key focus on the new notification grouping feature. This latest addition is designed to provide...
eToro introduces Live Trades – FX News Group
Online broker eToro is enhancing its platform by introducing Live Trades. The new feature is now live for almost all users (not including US for now). It is accessible from the Discovery page just below the Copy Trader section. This feature gives traders valuable...
MetaQuotes releases MT5 platform beta build 4330
Fintech company MetaQuotes has released MetaTrader 5 platform beta build 4330, offering more analytical objects in the Web platform and adding a Welcome page in MetaEditor. In this update, new analytical objects were added to the web platform. Now, you can utilize the...
Exclusive: Prop firm SurgeTrader closes
FNG Exclusive… FNG has learned that Florida based retail prop trading firm SurgeTrader has shut, following a decision made earlier in the week by trading platform operator Match-Trade Technologies to revoke the license it granted to SurgeTrader to use its Match-Trader...
FX week in review: Hargreaves buyout offer, TMGM ops halted, MEX Exchange launch, B2B partnerships
Who has made a $6 billion takeover offer for UK online broker Hargreaves Lansdown? Why did Australia regulator ASIC effectively shut down the operations of Retail FX and CFDs broker TMGM, halting TMGM (at least temporarily) from onboarding new clients or executing any...
FXTM goes offshore, relinquishing CySEC license
Cyprus financial regulator CySEC has announced that Retail FX and CFDs brokerage operator Forextime Ltd has had its CIF license withdrawn, due to the company’s decision to expressly renounce it. Forextime, which operates the FXTM brand, had held a CySEC CIF license...
USDJPY waits for fundamental spark :: InvestMacro
Tokyo CPI & US PCE in focusUSDJPY 2% away from multi-decade topPrices bullish but RSI near overboughtBloomberg FX model – 77% USDJPY – (155.21 – 158.45)Despite the holiday-shortened week ahead for the UK and US, markets could remain volatile due to top-tier data...
Strong economic reports fuel the dollar and harm indices :: InvestMacro
By JustMarketsThe US stock indices closed lower on Thursday. At the end of the day, the Dow Jones Index (US30) was down 1.53% (the worst day in a year), while the S&P 500 Index (US500) lost 0.74%. The NASDAQ Technology Index (US100) closed negative 0.39%. Stock...
The Australian Dollar rapidly depreciates :: InvestMacro
By RoboForex Analytical DepartmentThe AUD/USD pair has fallen rapidly in the final week, reaching 0.6592. This decline is primarily driven by the US dollar’s robust performance, following stronger-than-expected US economic data. Investors now speculate that the...
Exclusive: Trading 212 UK sees Revenues down 3%, Profit down 26% in 2023
FNG Exclusive… FNG has learned that online brokerage firm Trading 212 UK Limited has seen a slight decrease in activity and profitability in 2023, following a fairly strong 2022 for the company. Trading 212 UK posted Revenues of £95.3 million (USD $121 million) in...
Hargreaves Lansdown shares pop 14% after $6B takeover offer rejected
Shares of UK online brokerage firm Hargreaves Lansdown plc (LON:HL) traded up by more than 14% on Thursday, after a takeover attempt for Hargreaves was unveiled by private equity suitors CVC Capital, Nordic Capital, and the Abu Dhabi Investment Authority (ADIA) via...
FCA imposes £6.2M fine on HSBC for treatment of customers in financial difficulty
The UK Financial Conduct Authority (FCA) has fined HSBC UK Bank plc, HSBC Bank plc and Marks and Spencer Financial Services plc £6,280,100 for failures in its treatment of customers who were in arrears or experiencing financial difficulty. Between June 2017 and...
CME Group to launch CME NSP connectivity option
International derivatives marketplace CME Group will soon launch the ability for clients to connect to EBS services via the new CME NSP connectivity option. Clients will be able to connect via a resilient, fully managed service from leading global network service...
Muinmos and Blade Labs partner on KYC solutions for Web3
Muinmos, a leading global provider of automated regulatory technology, has announced that it has partnered with Blade Labs, a fintech solutions provider for enterprises like LG Electronics, to tackle the fragmented and ineffective Know Your Customer (KYC) processes...
CFI named as FIBA WASL Final 8 Official Partner
Leading online trading provider CFI has announced its role as the Official Partner of the FIBA WASL (West Asia Super League) Final 8 tournament. This premier event is set to take place this year in Doha, Qatar, from May 25th to June 1st. FIBA WASL Final 8, organized...
CobaltFX names Stephen Nelson COO, Daniel Evans CPO
United Fintech unit CobaltFX has announced some changes in its senior management ranks, with the company naming Stephen Nelson as CobaltFX’s new Chief Operating Officer (COO), and Daniel Evans Chief Product Officer (CPO). Both Stephen Nelson and Daniel Evans have been...
Gold falls from highs :: InvestMacro
By RoboForex Analytical DepartmentThe price of gold fell to $2370.00 per troy ounce by Thursday following the release of the minutes from the latest US Federal Reserve meeting. The general tone of the Fed’s policymakers was notably cautious, aligning with previous...
Nuvei appoints Gang Wang as its Chief Technology Officer
Canadian fintech company Nuvei Corporation (TSX:NVEI) has appointed Gang Wang as Chief Technology Officer, reporting to Nuvei Chair and CEO Philip Fayer. Wang will lead Nuvei’s global technology team together with former CTO Max Attias, who has been appointed to the...
Strong NVDA report helped indices stay afloat after hawkish FOMC minutes :: InvestMacro
By JustMarketsThe US stock indices closed moderately lower on Wednesday, with the Dow Jones Industrials Index falling to a 1-week low. At Wednesday’s close, the Dow Jones Industrial Average (US30) decreased by 0.51%, while the S&P 500 Index (US500) was down 0.27%....
Argentex expands to Australia with AFSL license
London-headquartered currency risk management and alternative banking specialist Argentex Group plc (LON:AGFX) has announced that it has been granted its Australian Financial Services License (AFSL), a pivotal step in the business’s strategic plan. The license,...
Deutsche Bank issues Euro-Yen-denominated bonds of JPY64.3bn in multi-tranche offering
Deutsche Bank announced today that it has successfully issued Euro-Yen-denominated bonds of 64.3 billion Japanese Yen in a multi-tranche offering. This is Deutsche Bank’s first access to financing in the JPY market in 9 years since 2015, taking into account investor...
Italy’s CONSOB orders blocking of access to five unauthorised investment websites
Italy’s Companies and Exchange Commission (CONSOB) has issued orders for the blocking of access to five unauthorised investment websites. The websites targeted by CONSOB’s orders are: “Marketsac.eu” (website https://marketsac.eu and related page...
ADMISI implements Integral tech to expand global FX business
Broker technology provider Integral Development Corp has announced that London-based broker ADM Investor Services International Limited (ADMISI) has implemented Integral’s eFX technology, to better serve the needs of their institutional clients. Harpal Sandhu, CEO of...
TradingView adds AMP Futures to brokers available on mobile app
TradingView welcomes AMP Futures, its long-time integrated partner, among those available to trade on the go. A part of AMP Global, AMP Futures is a US-based broker featuring trading platforms for advanced users, particularly futures traders. With a minimum deposit...
Is Oil Back in Buying Territory? :: InvestMacro
Technical Analyst Clive Maund reviews charts in the oil sector to explain why he believes oil might be in buying back territory.With the main fundamental drivers for a higher oil price remaining in play, namely continuing strife in the Mid-East with the ongoing risk...
FIS launches new mobile banking application
FIS (NYSE:FIS) has launched an enhanced version of its flagship mobile banking application for financial institutions. FIS Digital One Flex Mobile 6.0 is tailored for banks seeking to meet evolving customer expectations in the digital era. The application allows...
Is a Scorching PM Sector Rally Ahead? :: InvestMacro
Technical Analyst Clive Maund explains why he believes a rally in precious metals, specifically gold and silver, may be imminent. The PM sector did exactly as predicted in the article WHEN THE RUBBER HITS THE ROAD – THE SCORCHING PM SECTOR RALLY AHEAD posted on the...
ICE to pay $10M penalty for failing to inform SEC of cyber intrusion
The Securities and Exchange Commission (SEC) today announced that The Intercontinental Exchange, Inc. (ICE) agreed to pay a $10 million penalty to settle charges that it caused the failure of nine wholly-owned subsidiaries, including the New York Stock Exchange, to...
The New Zealand Dollar shows a steady rise :: InvestMacro
By RoboForex Analytical DepartmentThe NZD/USD pair is preparing for a mid-week rally, approaching the 0.6116 level. These current values mark the highest point for the Kiwi in two months, following the Reserve Bank of New Zealand’s decision to maintain its monetary...
AEGIS Hedging Solutions names Ryan Vaile its Chief Growth Officer
AEGIS Hedging Solutions, a provider of hedging services and software for commodity markets, today announced the appointment of Ryan Vaile to the role of Chief Growth Officer. AEGIS aims to streamline its leadership structure while leveraging Vaile’s extensive...
The RBNZ maintained its hawkish bias, leaving the interest rate at 5.5%. Inflationary pressures are easing in Canada :: InvestMacro
By JustMarketsAt the end of Tuesday, the Dow Jones Index (US30) was up 0.17%, while the S&P 500 Index (US500) added 0.25%. The NASDAQ Technology Index (US100) closed positive 0.22%. The US stock indices closed moderately higher, consolidating just below last...
Uphold Ascent institutional OTC crypto trading platform integrates with Talos
Web3 financial platform Uphold has announced the integration of its institutional OTC trading platform, Uphold Ascent, with Talos, the premier provider of institutional digital assets trading technology. The integration adds a deep source of liquidity to the Talos...
Dow tops 40,000 as stock indexes continue to cross milestones − making many investors feel wealthier :: InvestMacro
By Alexander Kurov, West Virginia University The Dow Jones Industrial Average topped 40,000 for the first time on May 16, 2024. It spent the next few hours hovering around that mark, occasionally dipping under. But the breakthrough, even if fleeting, nonetheless marks...
NinjaTrader adds Ryan Pitylak, Aditya Nishandar, John O’Neil, Michael Krafft to exec team
NinjaTrader, a fintech platform for retail futures trading, today announced the addition of four experienced executives to its leadership team. This expansion highlight’s the company’s commitment to enhancing its platform amid the increasing interest in futures...
What is wind shear? An atmospheric scientist explains how it can tear down hurricanes :: InvestMacro
Weather forecasters talk about wind shear a lot during hurricane season, but what exactly is it?I teach meteorology at Georgia Tech, in a part of the country that pays close attention to the Atlantic hurricane season. Here’s a quick look at one of the key forces that...
Devexperts DXtrade platform upgrade includes multi-currency accounts support
Leading multi-asset trading platform developer Devexperts has announced that its key offering, DXtrade XT, will be releasing a significant new version with several important enhancements. The DXtrade XT platform will now support trading in assets denominated in...
ETF D-Day looms :: InvestMacro
Ethereum ↑ over 20% this weekCrypto could rally another 35,000 pointsPrices bullish on D1 but RSI overboughtKey level of interest at $3806.49 & $40000Ethereum is back in the spotlight after soaring over 20% this week.The world’s second-largest cryptocurrency by...
Santander joins Eurex for listed FX business
Santander Asset Management has started expanding its FX futures business to Eurex, supported by Banco Santander as Clearing Member and Deutsche Bank as liquidity provider. This move of Santander Asset Management underlines the trend towards listed FX business. More...
Tradition announces voting result regarding dividend
Compagnie Financière Tradition SA announces that the Annual General Meeting held on May 21, 2024 at 3.30 pm approved the dividend proposal of the Board of Directors published in the Swiss Official Gazette of Commerce on April 25, 2024. The dividend consists of a cash...
Interactive Brokers joins Cboe Europe Derivatives as new trading participant
Cboe Europe Derivatives (CEDX), Cboe’s pan-European equity derivatives marketplace, today announced that Interactive Brokers has successfully joined the exchange as a participant and will provide its clients with access to CEDX’s range of equity index derivatives and...
German regulator warns against Pepperstone clone
Germany’s Federal Financial Supervisory Authority (BaFin) warns consumers about the website pepperstone.vip. According to information available to BaFin, financial and investment services are being provided on this website without the required authorisation. BaFin...
FCA fines Citigroup Global Markets Limited £27.7M for failures in its trading systems and controls
The UK Financial Conduct Authority (FCA) has fined Citigroup Global Markets Limited (CGML) £27,766,200. Failures in the firm’s systems and controls led to US$1.4bn of equities being sold in European markets when they should not have been. On 2 May 2022, a CGML trader...
Saxo’s Global Sales and SXO to merge into single entity named Group Commercial
Online trading and investment specialist Saxo Bank has announced the merger of its Global Sales and Saxo Experience Office (SXO) into a single entity named Group Commercial. This strategic move is designed to enhance cross-collaboration, simplify operations, and...
SIX, KSD to cooperate in area of securities depository and settlement
SIX, through its SIX SIS subsidiary, has signed a Memorandum of Understanding (MOU) with Korea Securities Depository (KSD) for cooperation in the area of securities depository and settlement. The signing ceremony took place today in Zurich, Switzerland. Based on the...
State Street Global Advisors launches SPDR Portfolio Treasury ETF
State Street Global Advisors, the asset management business of State Street Corporation (NYSE:STT), today announced the launch of the SPDR Portfolio Treasury ETF (SPTB). SPTB further enhances SPDR’s Portfolio ETF suite by providing low-cost exposure to US Treasury...
Hits fresh 11-year high above $32 :: InvestMacro
Silver ↑ 33% year-to-dateOne of the best-performing major commoditiesRelatively “cheap” compared to goldBullish on D1 but RSI overbought Gold is not the only metal delivering glittering returns this year…Silver has also been on a tear, soaring to its highest level in...
Stripe introduces new payments and financing tools to accelerate UK business growth
Stripe, a financial infrastructure platform for businesses, today launched new payments tools and financing options in the UK that aim to improve access to capital and accelerate the growth of hundreds of thousands of UK businesses. The new product features include...
Today, traders are focused on Canadian inflation data and waiting for the RBNZ interest rate decision :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones Index (US30) was down 0.49%, while the S&P 500 Index (US500) was up 0.09%. The NASDAQ Technology Index (US100) closed positive 0.65% and set a new all-time high. A negative factor for the indices was the strengthening...
SEC charges Key Investment Services with violations of Regulation BI
The Securities and Exchange Commission (SEC) today announced settled charges against Ohio-based dually-registered broker-dealer and investment adviser Key Investment Services, LLC for its failure to address conflicts of interest in compliance with Regulation Best...
Euro/Dollar in consolidation :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair is gently declining towards 1.0858 on Tuesday but remains within a medium-term range.This week sees few significant US statistics releases, which could provide investors with insights into future interest rate...
CME Group launches repo on corporate bonds and MBS on BrokerTec Quote
International derivatives marketplace CME Group today announced that it will continue its expansion into the fixed income markets by launching repo on corporate bonds and mortgage-backed securities (MBS) on BrokerTec Quote, its dealer-to-client (D2C) request-for-quote...
Bitget appoints Gracy Chen as CEO
Bitget, a cryptocurrency exchange and Web 3 company, today announces the appointment of Gracy Chen as its new Chief Executive Officer (CEO). She succeeds Sandra Lou, who will be leaving the platform to pursue her own business goals. Ms Chen has over 10 years of...
Exclusive: Former Saxo Bank Markets head Claus Nielsen named Chair of neobroker Pluto
FNG Exclusive… FNG has learned that longtime Saxo Bank senior executive Claus Nielsen has become Chairperson of the Board at Copenhagen based neobroker startup Pluto. Claus Nielsen served as Head of Markets at Retail FX and CFDs broker Saxo Bank for 15 years, from...
Alpha Group launches Alpha Match
Alpha Group International plc (LON:ALPH) today announced the launch of Alpha Match. Alpha Match is Alpha’s digital debt intermediary service. It aims to disrupt the fund finance industry with its impartial database of more than 290 lenders – making the process of...
Exclusive: Euroclear’s Taskize sees Head of Sales Alan Samuel depart
FNG Exclusive… FNG has learned that the senior management changes at London based post-trade solutions provider Taskize are continuing following the recent departure of Taskize CEO Philip Slavin, with the company’s Head of Sales Alan Samuel also leaving the company....
Japan, Singapore renew Bilateral Swap Arrangement
The Bank of Japan, acting as agent for the Minister of Finance of Japan, and the Monetary Authority of Singapore renewed the existing Bilateral Swap Arrangement (BSA) between the two countries. The BSA enables the authorities in Japan and Singapore to swap their local...
FINRA imposes $115k fine on Creand Securities for alleged rule violations
Creand Securities has agreed to pay a fine of $115,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From October 2019 to February 2020, Creand failed to accurately calculate its required customer reserve on five separate...
MultiBank launches MEX Exchange as first BRICS/GCC based global ECN
Leading online brokerage operator MultiBank Group has announced the commencement of the launch of a groundbreaking Institutional Investor Electronic Communications Network (ECN) called MEX Exchange. Based in Dubai, MultiBank said that MEX Exchange is the world’s first...
SEC charges prop trading firm Kershner Trading Americas with violating trading rule
The Securities and Exchange Commission (SEC) today announced settled charges against Austin, Texas-based Kershner Trading Americas, LLC, a proprietary trading firm, for violating an SEC trading rule when it purchased stock in 23 public offerings after selling short...
Public introduces fractional bond trading
Public is introducing fractional bond investing to all its members. Now, they can buy and sell corporate and Treasury bonds for as little as $100. Public has already started offering real-time trading of fractional stocks and ETFs. Now, the platform is doing the same...
Gold hits new record high :: InvestMacro
By RoboForex Analytical DepartmentOn Monday, a troy ounce of gold set a new price peak of 3438.00 USD. This surge was fuelled by renewed speculation about potential interest rate cuts by the US Federal Reserve, vigorous gold purchases by banks globally, and strong...
Prop firm MyFlashFunding confirms two-week delayed payouts to traders
MyFlashFunding has confirmed that a large number of its traders have been faced with delayed payouts from the retail prop trading firm. We had reported a few weeks ago that MyFlashFunding was removed from prop trading comparison site Propfirmmatch.com, with...
Nvidia headed for $1000 milestone? :: InvestMacro
Nvidia almost ↑ 90% year-to-dateWill chipmaker see new all-time high?Pay close attention to Nvidia’s datacenter revenue forecastsShares could move 8.6% ↑ or ↓ post earnings on Thursday! Nvidia last earnings saw S&P 500’s biggest 1-day jump in over 12 monthsIn...
Glencore Singapore to pay $20k fine for alleged NYMEX rule violations
International derivatives marketplace CME Group has posted a notice of disciplinary action against Glencore Singapore PTE Ltd. Pursuant to an offer of settlement in which Glencore neither admitted nor denied the rule violation or factual findings upon which the...
Precious and industrial metals show strong growth. Oil grows amid the news about the death of Iran’s leader :: InvestMacro
By JustMarketsOn Friday, the Dow Jones Index (US30) gained 0.34% (+1.04% for the week), while the S&P 500 Index (US500) rose by 0.12% (+1.34% for the week). The NASDAQ Technology Index (US100) closed negative 0.07% (for the week +1.74%). The US stock indices were...
From Concept to Innovation: Exclusive Interview with iSAM Securities’ Head of e-Trading, Barry Flanigan
FNG is pleased to speak today with Barry Flanigan, Head of e-Trading at leading London based prime-of-prime broker and liquidity solutions provider iSAM Securities. FNG: Hi Barry. Can you tell us about your role and journey within the iSAM Group, from its inception...
HKEX’s clearing subsidiary OTC Clear implements enhancements to Swap Connect
Hong Kong Exchanges and Clearing Limited (HKEX) announces that its clearing subsidiary OTC Clear has implemented three enhancements to Swap Connect in partnership with China Foreign Exchange Trade System (CFETS) and Shanghai Clearing House (SHCH). The enhancements...
Cornerstone FS’s name change to Finseta becomes effective
The name change of Cornerstone FS plc to Finseta plc has become effective, the company announced today. Trading in Finseta’s ordinary shares on AIM under the new company name and the new TIDM of ‘FIN’ is expected to commence at 8.00 a.m. today, 20 May 2024. The ISIN...
eToro, Arabesque AI launch new portfolio
Online broker eToro has partnered with Arabesque AI, an investment advisory and technology company, to launch a new Sharia-compliant portfolio for users in the Middle East. Named ShariaAI-Growth, the portfolio leverages Arabesque’s AI technology and bank of...
Coincheck to start accepting purchase applications of BRIL through its IEO platform from May 27th
Coincheck, Inc., the crypto asset subsidiary of online trading group Monex, announces the start of the acceptance for purchase applications of the Brilliantcrypto Token (BRIL) through its IEO platform “Coincheck IEO” starting from May 27, 2024. BRIL will be issued by...
DKK partners with Dubai’s Seed Group on MENA FX liquidity
Emerging markets FX liquidity specialist firm DKK Partners has announced a new partnership with the Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, based in Dubai. The parties said that the partnership offers a significant step...
MAS issues five-year prohibition order against former rep of DBS Bank
The Monetary Authority of Singapore (MAS) has issued a five-year prohibition order (PO) against Muhammad Hafiz Bin Ismail, a former representative of DBS Bank Limited. The order was issued following Mr Hafiz’s conviction for intentionally obstructing the course of...
Genesis, Inovotek Solutions partner to accelerate software innovation in fin markets
Genesis Global and Inovotek Solutions announced they are partnering to accelerate software innovation in the financial markets industry. The firms will apply the power of the Genesis Application Platform and the expertise in Inovotek’s team of more than 60 consultants...
Currency Speculators raise Euro & US Dollar bets into positive levels :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday May 14th and shows a quick view of how large market...
Exclusive: XTX Markets sees 19% decline in 2023 UK Revenues to £2.0 billion
FNG Exclusive… FNG has learned via various regulatory filings that London based algo trading and market making firm XTX Markets saw a significant decline on both its top and bottom line in 2023 for its main UK business, following a record 2022 that saw XTX bring in...
Speculator bets led higher 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 May 14th and shows a quick view of how large traders...
Speculator bets led by DowJones-Mini & Russell-Mini :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday May 14th and shows a quick view of how large traders...
Speculator bets led by the 10-Year & 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 May 14th and shows a quick view of how large traders...
Speculator bets led by Platinum & Silver :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday May 14th and shows a quick view of how large traders...
FX week in review: CEO moves at Capital.com & Freetrade, Prop Firm shuts, CFI record volumes
Who are the new CEOs at CFDs broker Capital.com UK, and at neobroker Freetrade? Which retail prop trading firm is shutting its (virtual) doors? What were CFI’s record trading volumes in Q1 2024? What other executive moves did we see involving Devexperts, Match-Prime...
Silver, Copper, Brazilian Real & Sugar lead weekly Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on May 14th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Guy Flintham gets 6-year sentence for investment fraud
Following a hearing at Southwark Crown Court, Guy Flintham, 46, was today sentenced to 6 years for fraud. On 19 February 2024, Mr Flintham pleaded guilty to fraud by false representation, following a prosecution brought by the UK Financial Conduct Authority (FCA)....
What Signs of Investor Exuberance Keep Telling Us :: InvestMacro
By Elliott Wave InternationalEvery day, you read news stories about the state of the economy and the stock market affecting consumer and investor behavior. The story goes something like this: When the economy and financial markets show signs of improvement, consumers...
Exclusive: Devexperts hires Nick Mortimer as SVP Business Development
FNG Exclusive… FNG has learned that leading multi-asset trading platform developer Devexperts has hired Nick Mortimer as the company’s new Senior Vice President – Business Development. Nick Mortimer, who is based in London, was previously Head of Prime Brokerage and...
ICE Midland WTI crude futures hit highest volume day
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that its ICE Midland WTI (ICE:HOU) crude futures contract hit its highest volume day on May 13, 2024, with over 100,000 contracts traded. The volume activity follows records set in the HOU futures contract in...
GBPNZD braces for double risk cocktail :: InvestMacro
RBNZ decision & UK CPI in focusNZD best performing G10 currency MTDGBPNZD trapped in 1500 pip rangePrices bearish on D1 chartsBloomberg FX model: 76% GBPNZD – (2.0510 – 2.0924)High impact events ranging from central bank decisions, key inflation data and speeches...
Christoph Radecker, Thomas Heyden leave prop firm The Trading Pit
Cyprus and Liechtenstein based retail prop trading firm The Trading Pit has announced a series of leadership transitions, while expanding responsibilities of its leaders, Illimar Mattus and Daniela Egli. The Trading Pit Leadership Updates Christoph Radecker Christoph...
Natural gas prices rose to a 4-month high. China released mixed data :: InvestMacro
By JustMarketsAt Thursday’s close, the Dow Jones Industrial Average (US30) decreased by 0.10%, while the S&P 500 Index (US500) was down 0.21%. The NASDAQ Technology Index (US100) closed negative 0.26%. Stock indices initially set new record highs on speculation...
Saxo Bank reports client assets exceeding DKK 800 billion
Multi-asset investment specialist Saxo Bank has reached another significant milestone, exceeding DKK 800 billion (USD 116.1 billion) in client assets. Kim Fournais, Founder and CEO, commented: “We are grateful for the trust of our clients, which has made reaching this...
S&P 500 index hits record high amidst lower inflation :: InvestMacro
By RoboForex Analytical DepartmentThe US stock market has surged to new heights, with the S&P 500 index reaching a record high of 5,325 points and the DJIA index touching 40,000 points. Investors are experiencing euphoria, spurred by the unexpectedly low US...
HK Court issues prison sentences to two former brokers for false trading
The Eastern Magistrates’ Court has sentenced two former licensees, Mr Yip Chi Wing and Mr Tsoi Chiu Kwan, to three months of imprisonment each following their convictions for false trading in the shares of Forebase International Holdings Limited. In sentencing,...
Exclusive: ForexVox/SquaredFinancial alum Michael Quirk joins Go Xchange as Head of Sales
FNG Exclusive… FNG has learned that experienced FX and CFDs executive Michael Quick has joined FCA regulated foreign exchange services company Go Xchange, as the company’s new Head of Sales. Michael Quirk, based in London, began his FX career is sales at Saxo Bank in...
HKMA, PBoC expand e-CNY pilot
The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) have made further progress in the e-CNY pilot for cross-border payments and will expand the scope of e-CNY pilot in Hong Kong to facilitate the set up and the use of e-CNY wallets by Hong...
SBI Holdings invests in Chainstack
SBI Holdings, Inc. today announced its investment in Chainstack Pte. Ltd., a company providing blockchain nodes’ services, through SBI-Sygnum-Azimut Digital Asset Opportunity Fund. Chainstack, founded in 2019 in Singapore, is a Web3 infrastructure provider that offers...
Spotware Systems rolls out cTrader Mobile 5.0
Fintech company Spotware Systems has rolled out the latest version of the cTrader Mobile app for iOS-based and Android-based devices. cTrader Mobile 5.0 delivers the new Algo application to your device. Start cBots in Cloud, and they will be able to trade 24/7 even if...
Tickmill launches Interest Rate Offering
Tickmill, a leading multi-regulated broker with a global presence, has announced its interest rate offering, which enables clients to earn interest on their unused funds. This initiative highlights Tickmill’s client-oriented approach and commitment to providing...
JPY has sharply strengthened :: InvestMacro
By RoboForex Analytical DepartmentThe yen’s exchange rate rose to the US dollar on Thursday in response to improving prospects for the Federal Reserve interest rate. The USDJPY pair has declined to 153.88.After the US released up-to-date data on April inflation, the...
Equinix announces availability of Dell PowerStore on Equinix Metal
Digital infrastructure company Equinix, Inc. (NASDAQ:EQIX) announced today the availability of Dell PowerStore on Equinix Metal, a new, enterprise-grade Storage as a Service (STaaS) solution. Dell PowerStore on Equinix Metal with flexible configurations can help...
Stock indices have hit all-time highs. The Australian labor market is starting to cool down :: InvestMacro
By JustMarketsAt Wednesday’s close, the Dow Jones (US30) Index increased by 0.88%, while the S&P 500 (US500) Index was up 1.17%. The NASDAQ Technology Index (US100) closed positive 1.41%. All three indices hit all-time highs yesterday. Stocks rose on lower bond...
SEC adopts amendments to Regulation S-P to bolster protection of consumers’ info
The Securities and Exchange Commission (SEC) today announced the adoption of amendments to Regulation S-P to modernize and enhance the rules that govern the treatment of consumers’ nonpublic personal information by certain financial institutions. The amendments update...
USDInd, Soybean & EU50 hit targets! :: InvestMacro
USDInd bears take home 600 points!Soybean: No fireworks but H1 bullish target hit!EU50 secures ALL 4 bearish targetsThe recent resurgence of the meme-stock mania and cooling US inflation data have certainly made this an eventful week for markets!And more volatility...
Sumsub makes its Non-Doc Identity Verification solution available in Norway and Denmark
Sumsub, a global full-cycle verification provider, today announced its Non-Doc Identity Verification solution is available in Norway and Denmark, making it now accessible to over 2.9 billion people across four continents – Africa, Eurasia, North and South America....
Marex registers 12% Q/Q increase in revenues in Q1 2024
Marex Group plc, a diversified global financial services platform, today provided a trading update for the three months ended March 31, 2024. First quarter performance continued to improve across the Group as compared to the fourth quarter of 2023. Marex generated...
X-Change Financial Access to pay $130k fine for alleged violations of Cboe rules
X-Change Financial Access, LLC (XFA) has agreed to pay a fine of $130,000 as a part of a settlement with Cboe Exchange, Inc. During the Review Period (in or about March 2023 through in or about March 2024), XFA failed to immediately and/or continuously represent...
FCA brings charges against ‘finfluencers’ for promoting unauthorised FX trading scheme
The UK Financial Conduct Authority (FCA) has brought charges against nine individuals in relation to an unauthorised FX trading scheme promoted on social media. Emmanuel Nwanze has been charged with running an unauthorised investment scheme and issuing unauthorised...
Belgium’s FSMA issues warning against fraudulent trading platforms
The Financial Services and Markets Authority (FSMA) of Belgium today issued a warning against fraudulent trading platforms. These platforms are all over the Internet, trying to lure investors with promises of quick and easy earnings. How does a fraudulent trading...
EBS FX trades now supported in CME STP Trade View
Effective immediately, EBS FX trades are now supported in the CME STP Trade View application. CME STP Trade view has been enhanced with Profile support. EBS clients can use the predefined profile that is tailored for EBS trades and have the ability to save custom...
Italy’s CONSOB blocks access to websites of SeguroFX and Sigma Capital
Italy’s Companies and Exchange Commission (CONSOB) has issued orders for the blocking of access to five unauthorised investment websites. In issuing the orders, the Authority availed itself of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law no....
Match-Prime Liquidity names Michael Nichols as CCO
Match-Trade Technologies and its strategic partner Match-Prime have announced that following the opening of a representative office in Dubai at the beginning of the year, the group is making some changes in strategic management positions. Michael Nichols, who has led...
Cypriot regulator withdraws CIF authorisation of Fintailor Investments
The Cyprus Securities and Exchange Commission (CySEC) has withdrawn the Cyprus investment firm (CIF) authorisation of Fintailor Investments Ltd. The decision, which was made by the regulator at a meeting held on 15th April 2024, was announced today. The regulatory...
Trading.com to pay $50k fine to settle NFA charges
The United States National Futures Association (NFA) has just published information on its recent enforcement actions. On February 27, 2024, NFA’s Business Conduct Committee (BCC) issued a Complaint against Trading.com Markets Inc. (Trading.com). The Complaint charges...
Will GameStop, AMC stocks surge even higher? :: InvestMacro
GameStop ↑ 179% this week↑ as much as 32.6% pre-market2nd most traded US stock pre-marketIs meme stock craze here to stay?Heavily bullish on D1 chartIn case you missed it, GameStop and other pandemic-era meme stocks roared back to life!The trigger? “Roaring Kitty”,...
iSAM Securities adds StanChart, Citi execs to eTrading team
London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that it has recently expanded its global e-Trading team with the introduction of James Gavin in the London office, while Nathalie Bijlsma and Richie Westerlind join in...
Stock traders pay attention to these 2 long-range climate forecasts :: InvestMacro
By Derek Lemoine, University of Arizona To understand how important weather and climate risks are to the economy, watch investors. New research shows that two long-range seasonal weather forecasts in particular can move the stock market in interesting ways.We often...
Finalto unveils new offices in Singapore
Finalto Asia Pte Ltd has announced its relocation to a new office at 79 Anson Road UE BizHub, Singapore. The company said that this expansion underscores Finalto’s commitment to strengthening its presence in Asia and its dedication to being a truly global financial...
PBoC kept the interest rate unchanged. The US stock indices rise despite rising manufacturing inflation :: InvestMacro
By JustMarketsAt the end of Tuesday, the Dow Jones Index (US30) rose by 0.32%, while the Samp;P 500 Index (US500) gained 0.48%. The NASDAQ Technology Index (US100) closed positive 0.75%. The S&P 500 (US500) hit a 5-week high and the NASDAQ (US100) hit a 1-month...
Exclusive: 26 Degrees hires HFM/24option alum Konstantinos Konstantinou for Cyprus office
FNG Exclusive… FNG has learned that Australia based institutional FX broker and prime services company 26 Degrees Global Markets has hired Konstantinos Konstantinou for its expanding Cyprus office, as Associate Director, Prime Services. Konstantinos Konstantinou joins...
Euro climbs to five-week high ahead of US CPI data :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair reached a five-week high at 1.0822, buoyed by positive market sentiment ahead of today’s crucial US Consumer Price Index (CPI) data release. The report is expected to show a 0.3% month-on-month increase in inflation...
Questrade adds TradingView to suite of investment resources
Questrade today announced the addition of TradingView, one of the financial industry’s most sought-after solutions, to its growing list of investment resources for customers. The new integration, which is now live, allows Questrade customers to access TradingView’s...
Eurex joins Clearstream & VERMEG partnership to expand use of collateral of GC Pooling
Eurex has joined a partnership with software provider VERMEG to offer clients a unique collateral management solution connecting the Eurosystem Collateral Management System (ECMS), Clearstream’s Triparty services and Eurex’s GC Pooling. This partnership will provide...
IG Japan to hike margin rates for CFDs on meme stocks
IG Securities, the Japanese subsidiary of electronic trading major IG Group, will increase the margin rates for CFDs based on certain stocks, known as meme stocks. Due to the recent volatility in the meme stock prices, the brokerage has decided to increase the...
Interactive Brokers launches crypto trading in the UK
Electronic trading major Interactive Brokers (NASDAQ:IBKR) today announced the launch of cryptocurrency trading in the United Kingdom as a new addition to its platform. Individual and institutional investor clients of Interactive Brokers (U.K.) Limited (IBUK),...
FCA charges three individuals over fraudulent CFD trading scheme
The UK Financial Conduct Authority (FCA) has charged three individuals with fraud for their alleged involvement in a high-risk trading scheme, which targeted people’s pension savings. Kristofer McGuire, Keith Williamson and Karla Walker have been charged with multiple...
TradingView introduces Volume footprint chart type
TradingView has added Volume footprint to the lineup of chart types. The new Volume footprint chart type for Premium and higher-tier plans shows the distribution of trading volume across several price levels within each bar. The information from this chart type helps...
Robinhood Crypto launches Staking in Europe
US neobroker Robinhood (NASDAQ:HOOD) has announced that its Robinhood Crypto unit has launched a series of new features specifically designed for its customers in Europe, including staking (the crypto equivalent of interest on deposits), localized apps, crypto rewards...
Capital.com names Rupert Osborne as UK CEO
Continuing to remake its senior management ranks following the departure last year of CEO Peter Hetherington, Retail FX and CFDs broker Capital.com has announced the appointment of Rupert Osborne as CEO of Capital Com UK Limited (Capital.com UK), subject to regulatory...
Exclusive: Former ETX CEO Arman Tahmassebi leaves LendInvest for COO role at Flagstone
FNG Exclusive… FNG has learned that online retail savings company Flagstone has hired Arman Tahmassebi, as the company’s new Chief Operating Officer (COO). Arman Tahmassebi spent the past five years as COO of online mortgage platform LendInvest. Prior to joining...
Forex fraud: ROFX owners hit with $225 million court order
U.S. derivatives market regulator Commodity Futures Trading Commission (CFTC) has announced that the Honorable Darrin P. Gayles of the U.S. District Court for the Southern District of Florida issued an order of default judgment against four individuals and five...
JPY declines again :: InvestMacro
By RoboForex Analytical DepartmentThe Japanese yen is declining against the US dollar for the seventh consecutive session. The USD/JPY pair is approaching the 156.40 mark.Japan’s government is poised for close cooperation with the Bank of Japan on currency market...
Euronext marks 12.7% Y/Y growth in FX trading revenue in Q1 2024
Pan-European market infrastructure Euronext today published its financial results for the first quarter of 2024. FX trading revenue was up 12.7% at €7.1 million in Q1 2024, supported by growing volumes, slightly offset by a negative volumes mix impact. On a...
On breakout watch :: InvestMacro
Soybean ↑ 5% month-to-dateInfluenced by various fundamentalsTrapped in range on W1 timeframeKey levels at 1211, 1188, 1170After bouncing within a weekly range since mid-January, FXTM’s new Soybean commodity could be on the brink of a major breakout!Prices are flirting...
Martin Jetter confirmed as Chairman of Deutsche Börse’s Supervisory Board
The Supervisory Board of Deutsche Börse AG confirmed Martin Jetter as Chairman of the Supervisory Board during its meeting following today’s Annual General Meeting. The 65-year-old has held the chairmanship since 2020 and has been a member of the board since 2018....
Sports gambling creates a windfall, but raises questions of integrity – here are three lessons from historic sports-betting scandals :: InvestMacro
Sports betting is having a big moment across the United States. While gambling on sports has been legal for decades in countries such as the U.K., it wasn’t until 2018 that the U.S. Supreme Court ruled that states could legalize sports betting. Before then, sports...
Paxos appoints J. Christopher Giancarlo to Board of Directors
Paxos, a regulated blockchain and tokenization infrastructure platform, today announced it has added J. Christopher Giancarlo, former Chairman of the United States Commodity Futures Trading Commission (CFTC), to its board of directors. J. Christopher Giancarlo A...
Australia will release its annual budget today. Rising inflation expectations hurt US stock indices :: InvestMacro
By JustMarketsAt the end of Monday, the Dow Jones Index (US30) decreased by 0.21%, while the S&P 500 Index (US500) fell by 0.02%. The NASDAQ Technology Index (US100) closed positive 0.29%. Rising inflation expectations weighed on stocks after the New York...
TradingView expands its integration with Spreadex
TradingView is expanding its integration with Spreadex, a UK-based brokerage with over 20 years of experience. TradingView users logged into their broker accounts can now seamlessly access the spread betting functionality. Spreadex is an established provider of CFD...
Banco Santander confirms unauthorized access to database
Banco Santander today confirmed an incident affecting a Santander database hosted by a third-party provider. Certain information relating to customers of Santander Chile, Spain and Uruguay, as well as all current and some former Santander employees of the group had...
Barclays Bank goes live on CLS’s Cross Currency Swaps service
Barclays Bank has gone live on CLS’s Cross Currency Swaps service, an extension of CLS’s unique PvP settlement service. By integrating CCS flows into CLSSettlement, the service allows for multilateral netting against all other FX transactions, providing substantial...
Clearstream partners with Standard Chartered to support UAE domiciled funds
Post-trade services provider Clearstream has partnered with Standard Chartered to facilitate the inclusion of United Arab Emirates (UAE) domiciled funds on its Vestima platform. This collaboration ensures seamless end-to-end fund processing and execution while...
SEC charges individual with fraudulent “free-riding” scheme
The Securities and Exchange Commission (SEC) has charged 25-year-old Tyrone Johnny Lacy, Jr. (“Lacy”) of Sefner, Florida with conducting a fraudulent “free-riding” scheme in which he took advantage of credits offered by certain broker-dealers to buy over $300,000 in...
StanChart, Mox, Mastercard and Libeara complete proof-of-concept on tokenised deposit
Standard Chartered Bank (Hong Kong) Limited (SCBHK) has partnered with Mox Bank Limited, Mastercard and Libeara on a proof-of- concept (POC) exploring the operational and risk management benefits of tokenised deposits to support the settlement of tokenised assets....
Deutsche Bank joins Project Guardian
Deutsche Bank today announced it has joined the Monetary Authority of Singapore’s (MAS) Project Guardian (as part of the asset and wealth management workstream). The collaborative initiative is dedicated to testing the feasibility of asset tokenization applications in...
Public officially launches Public Media Network
Today, Public announced the official launch of the Public Media Network, its content network that hosts all Public media and shows in one place. The content arm was started in 2021 as Public saw a shift in how millennial and Gen Z investors accessed news and financial...
Brent crude oil faces downward pressure amid demand uncertainties :: InvestMacro
By RoboForex Analytical DepartmentThe price of Brent crude oil is currently experiencing a downturn, trading around 82.55 USD per barrel this Monday. The primary concern affecting the market today is the uncertainty surrounding demand levels, exerting significant...
CFTC takes Agridime to Court for $161M Ponzi scheme
The Commodity Futures Trading Commission (CFTC) has taken Agridime LLC to Court for operating a Ponzi scheme. On May 10, 2024, the regulator filed a complaint against Agridime and co-founders Joshua Link and Jed Wood, at the Texas Northern District Court. According to...
CHINAH to extend lead as Asia’s winner? :: InvestMacro
By ForexTime CHINAH overtakes JP225 in year-to-date gainsEarnings from Tencent, Meituan, Alibaba etc. may cause CHINAH to climb/fallTraders also watching China rate decision and US CPICHINAH at risk of technical pullback, despite bullish “golden cross”CHINAH...
eToro achieves SOC 2 Type II Compliance Certification
Online brokerage eToro today announced it has achieved SOC 2 Type II Compliance Certification. SOC 2 Type II Compliance Certification is an auditing procedure designed to ensure that service providers securely manage data to protect the privacy of their clients. “SOC”...
The German index has hit an all-time high. China sees rising consumer inflation :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) Index gained 0.32% (for the week +1.94%), while the S&P 500 (US500) Index gained 0.16% (for the week +1.56%). The NASDAQ Technology Index (US100) closed negative 0.03% (for the week +0.82%).On Friday, several FOMC...
Broadridge to acquire Kyndryl’s SIS wealth and capital markets technology platform
Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that it will acquire Kyndryl’s Securities Industry Services (SIS) wealth and capital markets technology platform. SIS solutions include clearing and settlement, account record...
CoinEx obtains VASP registration in Poland
Cryptocurrency exchange CoinEx has secured authorization as a Virtual Assets Service Provider (VASP) in Poland. This achievement is set to significantly enhance CoinEx’s position in the European cryptocurrency market. The authorization by the regulatory authorities in...
HK regulator warns public of suspicious virtual asset-related product “LENA Network”
The Securities and Futures Commission (SFC) of Hong Kong today issued a warning of a suspicious investment product named “LENA Network” involving virtual asset-related staking, borrowing and lending arrangements, and claiming to offer high returns to investors. The...
Crossover’s CROSSx institutional crypto trading venue integrates with Talos trading platform
Crossover Markets, a digital asset technology firm focused on meeting the unique liquidity requirements of institutions, and Talos, a provider of institutional technology for trading digital assets, today announced that Crossover’s CROSSx institutional crypto trading...
Euroclear UK & International names Chris Elms its CEO
Euroclear UK & International today announced the appointment of Chris Elms as Chief Executive Officer. Mr Elms was previously serving as interim CEO. With a combined 28 years’ experience within Euroclear group and previously CRESTCo, which was acquired by...
United Fintech opens new office in DIFC
United Fintech is increasing its global presence with the opening of a new office in the Dubai International Financial Centre (DIFC). This strategic expansion into the UAE, spearheaded by Athena, one of United Fintech’s partner companies, is a response to robust...
Cboe imposes $170,000 fine on Hilltop Securities
Hilltop Securities Inc. has agreed to pay a fine of $170,000 as a part of a settlement with Cboe Exchange, Inc. The matter originated from a review conducted by FINRA’s Department of Market Regulation regarding the Firm’s compliance with its obligations to report...
Speculators boost Yen bets, bring Euro & USD Index out of bearish levels :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday May 7th and shows a quick view of how large market...
FX week in review: Prospero client funds, 26 Degrees/INV delisted, Capital.com volumes, Robinhood record results
How much of the $19 million in client funds held at now-shuttered Australian Retail FX and CFDs broker Prospero Markets do liquidators expect to be able to refund? And how soon? Why did the Tokyo Stock Exchange delist the shares of INV Inc, operator of institutional...
Copper, Fed Funds, Brazil Real & Sugar top Bullish & Bearish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on May 7th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Speculator bets led by DowJones & Russell 2000 :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday May 7th and shows a quick view of how large traders...
Speculator bets led by Platinum & Copper :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday May 7th and shows a quick view of how large traders...
Speculator bets led by Fed Funds & Ultra 10-Year Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday May 7th and shows a quick view of how large traders...
Speculator bets led by Corn & Soybeans :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday May 7th and shows a quick view of how large traders...
Exclusive: Ahmed Gomaa joins Doo Prime as Sales Manager
FNG Exclusive… FNG has learned that experienced MENA region executive Ahmed Goma has joined Retail FX and CFDs broker Doo Prime, as Sales Manager. Ahmed Gomaa, who is based out of Egypt, has worked in senior Business Development roles for MultiBank, easyMarkets, FXTM,...
Taheer Sardar sentenced to 18 months’ imprisonment for perverting course of justice
Taheer Sardar was sentenced to 18 months’ imprisonment for perverting the course of justice at Southwark Crown Court today. Mr Sardar pleaded guilty on 7 May 2024. Mr Sardar was interviewed by the UK Financial Conduct Authority (FCA) as part of an investigation it was...
Mogo amends existing $60M senior credit facility
Mogo Inc. (NASDAQ:MOGO), a digital wealth and payments business, today announced an amendment to its existing senior credit facility with funds managed by affiliates of Fortress Investment Group LLC. The amendment extends the maturity date of the Credit Facility from...
Natural gas prices are rising amid falling inventories. The Bank of England expectedly kept the rate :: InvestMacro
By JustMarketsYesterday, the Dow Jones Index (US30) gained 0.85%, the S&P 500 Index (US500) added 0.51%, and the NASDAQ Technology Index (US100) closed positive 0.27%. Stock index prices found support on Thursday as bond yields fell after US weekly jobless claims...
TradeStation modernizes transfer process in mobile app
TradeStation has released version 7.11.0 of the TradeStation – Trade & Invest app for iOS-based devices. The latest enhancements to the app include: Native Funding: Discover a modernized transfer process for quicker and more seamless funding on Mobile. Update now...
USDInd set for volatile week? :: InvestMacro
USDInd ↑ almost 4% year-to-dateKey US CPI report under spotlightWatch out for Fed speechesTrading within range on D1 chartsLevels of interest – 106.50, 105.60 & 105.00The week ahead is jampacked with top-tier data and speeches by numerous policymakers.But the...
Standard Chartered Hong Kong partners with Linklogis to launch e-commerce financing solution
Standard Chartered Bank (Hong Kong) Limited today announced its collaboration with Linklogis, a leading supply chain finance technology solution provider, for the development of tailored lending solutions to support small and medium-sized enterprises (SMEs) in their...
Nadex self-certifies HBAR Cryptocurrency Event Contracts
North American Derivatives Exchange, Inc. d/b/a Crypto.com | Derivatives North America has self-certified a swap, which is an event contract on Hedera Hashgraph (HBAR) cryptocurrency, which will be launched by the Exchange on or after May 10, 2024. The HBAR Crypto...
FINRA imposes $825,000 fine on Merrill Lynch, Pierce, Fenner & Smith
Merrill Lynch, Pierce, Fenner & Smith has agreed to pay a fine of $825,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From at least February 2017 through the present, external investment managers, financial advisers, and...
SBI VC Trade to start operating node as validator on XRP Ledger
SBI VC Trade Co., Ltd. will start operating a node as a validator on the XRP Ledger, a layer1 decentralized blockchain, from May 10, 2024. By continuing stable operations as a validator and being recognized by the XRP Ledger community for its reliable performance, SBI...
Italy’s CONSOB blocks access to four unauthorized investment websites
Italy’s Companies and Exchange Commission (CONSOB) has issued orders for the blocking of access to four unauthorised investment websites. In issuing the orders, the Authority made use of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law no. 58 of...
INFINOX Embraces Sustainability in the Financial Industry
In its continued commitment to environmental conservation, global trading platform INFINOX has announced a significant shift towards sustainability by going completely paperless. In a pioneering initiative, the company has partnered with scnz.io to issue eco-friendly...
UK100, Wheat & EURUSD hit targets! :: InvestMacro
UK100 bulls bag 770 pointsWheat “throwback” rewards bearsEURUSD secures all bearish targets Here are how these discussed instruments performed this week: 1) UK100 touches fresh record highWhere and when was Target Price (TP) published?In our week ahead article...
Cboe, Metaurus collaborate to develop three new US equity indices
Cboe Global Markets, Inc., an international derivatives and securities exchange network, and Metaurus Advisors, LLC, an asset management company focusing on financial innovation, today announced plans to collaborate on three new US equity indices: the Cboe US Large...
Why US offshore wind energy is struggling – the good, the bad and the opportunity :: InvestMacro
America’s first large-scale offshore wind farms began sending powerto the Northeast in early 2024, but a wave of wind farm project cancellations and rising costs have left many people with doubts about the industry’s future in the U.S.Several big hitters, including...
ICE Clear Credit adds Royal Bank of Canada as clearing member
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that Royal Bank of Canada (RBC), has become a clearing member at ICE Clear Credit LLC, the leading global clearinghouse for credit default swaps. ICE Clear Credit provides a comprehensive product offering,...
How does the brain think? :: InvestMacro
By Jennifer Robinson, Auburn UniversityCurious Kids is a series for children of all ages. If you have a question you’d like an expert to answer, send it to [email protected].How does the brain think? – Tom, age 16, San Diego, CaliforniaHave you ever wondered how your...
Western Union announces resumption of service from US to Cuba
Western Union, in coordination with its processing partner Orbit S.A., today announced the resumption of its service from the United States to Cuba, effective immediately. With service reinstated, Western Union customers are now once again able to send money from any...
Strong data on China’s trade balance fuels Asian indices :: InvestMacro
By JustMarketsUS stock indices showed mixed performance on Wednesday, with the Dow Jones Industrials Index hitting a 1-month high. The Dow Jones (US30) Index rose by 0.44%, while the S&P 500 (US500) Index was virtually unchanged for the day. The NASDAQ Technology...
LTX by Broadridge integrates with MultiLynq
LTX, a subsidiary of Broadridge Financial Solutions Inc. (NYSE:BR), today announced its integration with MultiLynq, a leading provider of electronic fixed income trading connectivity and integration solutions, to accelerate connectivity to the LTX platform. Solutions...
Exclusive: 26 Degrees operator INV Inc delisted from Tokyo Stock Exchange
FNG Exclusive… FNG has learned that Japanese stock exchange operator Japan Exchange Group has decided on delisting the shares of INV Inc (TYO:7338) from the Tokyo Stock Exchange. The delisting became effective as of April 25, 2024. INV Inc operates Australia based,...
FCA secures undertaking from Mercedes-Benz Financial Services (UK) Limited
The UK Financial Conduct Authority (FCA) has published an undertaking under the Consumer Rights Act 2015 from Mercedes-Benz Financial Services (UK) Limited on a potentially unclear excess mileage term in some of the firm’s consumer vehicle hire purchase agreements....
Eurex to launch futures on FTSE All-World Index
Eurex is expanding its suite of global index derivatives in collaboration with FTSE Russell, the global index provider. As of 3 June, Eurex will launch futures on the FTSE All-World Index. Eurex’s index derivatives products, which covers global, national, and...
SBI Digital Asset Holdings, Chiliz plan to establish JV in Japan
SBI Digital Asset Holdings Co., Ltd. (SBI DAH), the digital asset arm of SBI Holdings, and Chiliz, a blockchain provider for sports and entertainment, plan to establish a Joint Venture (JV) in Japan. The partnership aims to revolutionize the sport enthusiast...
Options and oneZero partner to boost multi-asset enterprise trading solutions
Capital markets infrastructure company Options Technology has an expanded strategic partnership with oneZero, the leading multi-asset class enterprise trading technology provider for banks and financial institutions. The partnership is set to build upon the existing,...
CME Group registers several records across U.S. Crude Oil futures
International derivatives marketplace CME Group today announced that trading in its U.S. Crude Grade futures, which are Argus-settled and trade as a differential to the global benchmark WTI Crude Oil futures, reached several records in April 2024: Record ADV of 17.8K...
Exclusive: Prospero Markets liquidators expect full recovery of $19M client funds
FNG Exclusive… FNG has learned that BRI Ferrier, the appointed administrator and liquidator of (formerly) ASIC licensed Retail FX and CFDs broker Prospero Markets, has filed an initial report for clients and creditors indicating that its preliminary investigations...
Citi makes strategic minority investment in Cicada
Citi has made a strategic minority investment in Cicada Technologies Inc. The investment was made by Citi’s Markets Strategic Investments unit, which is responsible for the sourcing and execution of strategic investments relevant to Citi’s Markets franchise. Citi will...
Japanese yen weakens despite government warnings :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair is on the rise again this Wednesday, recovering more than half of its previous losses despite ongoing warnings from Japanese authorities about sharp fluctuations in the yen. Finance Minister Shunichi Suzuki reiterated...
Swissquote shareholders approve all motions at 2024 General Meeting
Gland, Switzerland based online banking and trading company Swissquote (SWX:SQN) has announced that at today’s ordinary General Meeting, its shareholders voted in favour of all motions proposed by the company’s Board of Directors. In particular, the shareholders...
What’s in a VIN? How to decode the vehicle identification number, your car’s unique fingerprint :: InvestMacro
By Jordan Frith, Clemson University Every vehicle built after 1981 has a unique vehicle identification number, or VIN. The location of this string of letters and numbers varies, but it’s located somewhere on every car, SUV, motorcycle and truck – typically on a small...
David Fineberg, Albert Soleiman acquire more CMC Markets shares
CMC Markets Plc (LON:CMCX), a global provider of online trading and platform technology, today announced transactions in its shares by members of its top management. David John Fineberg, deputy CEO of CMC Markets, and Albert Soleiman, CFO of the broker, acquired...
Agoa’s winners, losers and what should come next :: InvestMacro
The African Growth and Opportunity Act (Agoa) is a landmark piece of trade legislation enacted by the United States in 2000. Its goal is to promote economic growth, development and poverty reduction in sub-Saharan Africa by providing qualifying countries with...
TradingView adds back-adjustment of previous contracts and tracking of OI for HNX futures
TradingView has introduced two new features to enhance trading experience: back-adjustment of previous contracts and tracking of Open Interest for the futures of the Hanoi stock exchange (HNX). One of the challenges in futures trading is managing the transition...
Golden cross on the horizon? :: InvestMacro
USDSEK jumps on Riksbank cutCurrency pair in megaphone patternKey point of reference at golden 161.8 Fib levelPotential golden cross on horizonOther key levels at 11.0678 and 10.8333The USDSEK punched above 10.9 on Wednesday after Sweden’s central bank cut rates for...
Suzuki Akihiko joins Finalto Asia as Head of Japan Markets
Finalto Asia Pte Ltd, a leading global financial trading solutions provider, has announced the appointment of Suzuki Akihiko as the Head of Japan Markets, effective immediately. With an illustrious career spanning over two decades in the financial sector, Suzuki...
Oil prices are rising amid rumors of increased production by OPEC countries. European indices are growing amid the “dovish” position of the ECB :: InvestMacro
By JustMarketsThe US stock indices traded mixed on Tuesday. The Dow Jones Index (US30) rose by 0.08%, while the S&P 500 Index (US500) gained 0.13%. The NASDAQ Technology Index (US100) closed negative 0.10% yesterday. Minneapolis Fed President Kashkari’s comments...
Tradu launches crypto exchange – FX News Group
Multi-asset trading platform Tradu has launched a new crypto exchange. From today, crypto traders can securely invest in over 40 coins including Bitcoin and Ethereum via Tradu’s trading platform. Tradu is part of Stratos Group International, LLC, a wholly owned...
HK regulator warns public of Quantum AI
The Securities and Futures Commission (SFC) of Hong Kong today warned the public of suspected virtual asset-related fraud involving an entity operating under the name of “Quantum AI”. Quantum AI claims to provide cryptocurrency trading services with its underlying...
Sampo completes transfer of its Saxo Bank stake to Mandatum
Finland based insurance company Sampo plc has announced that the sale of its 19.83% holding in Saxo Bank to (its former asset management unit) Mandatum will be completed on 13 May 2024, now that all regulatory approvals for the transaction have been obtained. The...
HKEX to launch weekly single stock options for 10 Hong Kong-listed equities
Hong Kong Exchanges and Clearing Limited (HKEX) has unveiled its plans to launch weekly single stock options for 10 Hong Kong-listed equities. HKEX plans to launch these new weekly expiries by the end of 2024, subject to market readiness and regulatory approval. HKEX...
Is Boeing (BA) a Recovery Play? Evaluating Upside Potential and Risks :: InvestMacro
By Ino.comThe Boeing Company (BA), a stalwart in aircraft manufacturing and services, has faced a cascade of challenges so far this year. Just as the dust was settling on its mid-air blowout incident in January, another report emerged of a plane having mechanical...
FIS introduces fintech platform Atelio by FIS
FIS (NYSE:FIS), a global leader in financial technology, has today introduced Atelio by FIS, a fintech platform that provides the building blocks for financial institutions, businesses and software developers to embed financial services into their offerings. The...
Visa unveils AI-powered solution to combat account attacks
Visa Inc (NYSE:V), a leader in digital payments, has announced updates to its Visa Account Attack Intelligence (VAAI) offering with the addition of the VAAI Score, a new tool that uses generative AI components to identify and score enumeration attacks. The VAAI Score,...
Plus500 shareholders vote against directors’ remuneration report
Retail FX and CFD broker Plus500 Ltd (LON:PLUS) has just announced the results of the Annual General Meeting (AGM) held earlier today. Each of the resolutions proposed were voted on by way of a poll. All but one of the resolutions (namely resolution 9, which was an...
Touches fresh 2024 high! :: InvestMacro
Wheat kisses new 2024 highWatch out for WASDE report on FridayBulls back in control on D1 chartsKey levels at 638, 629 and 615 FXTM’s new Wheat commodity is in the spotlight after hitting a fresh 2024 high on Tuesday!Prices hit the 638 level this morning as...
Finalto releases new Broker Series entry with focus on marketing / compliance
Finalto is excited to announce the release of its latest entry in the Broker Series, with a focus on marketing and marketing compliance. This new publication explores the evolving movements of retail trading and the reactive regulatory action that comes with it. It...
Brent crude oil experiences modest uptick amid mixed market signals :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil is seeing a slight increase on Tuesday, priced around $83.57 per barrel. The market remains close to two-month lows, caught between optimism for a peaceful resolution to the Middle East conflict and concerns over crude...
FCA bans, fines former CEO of Shard Capital Partners £120,300 for putting investors at risk
James Lewis, the former CEO of Shard Capital Partners has been fined £120,300 and banned by the Financial Conduct Authority (FCA). The regulatory action follows two separate instances of providing incorrect information about clients’ cash purportedly held by Shard. Mr...
The RBA kept all monetary policy settings. Oil rises amid the breakdown of negotiations between Israel and Hamas :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones (US30) Index added 0.46%, while the S&P 500 (US500) Index was up 1.46%. The NASDAQ Technology Index (US100) closed positive 1.19% yesterday.The Dollar Index stabilized above 105 on Tuesday as investors continued to...
Capital.com trading volumes rise 53% in 2023 as MENA focus continues
Retail FX and CFDs broker Capital.com has announced that total client trading volumes reached more than $1.2 trillion in 2023, or just north of $100 billion monthly. The company said that this is a rise of 53% from a year earlier, and marks the first time client...
Nium partners with Emirates NBD
Nium, a provider of real-time cross-border payments, today announced a partnership with Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, to empower customers with a cutting-edge global payments solution. The...
Valérie Urbain assumes role of Euroclear CEO
Valérie Urbain officially became the Chief Executive Officer (CEO) of the Euroclear group following the AGM, replacing outgoing CEO Lieve Mostrey. “I am delighted to welcome Valérie Urbain as our new CEO, and the Board and I are confident that she will successfully...
Tajinder Singh named IOSCO Secretary General, replacing Martin Moloney
International securities regulator IOSCO has announced that its long standing Deputy Secretary General, Tajinder Singh, has been named as acting Secretary General as of today replacing Martin Moloney, who has found another position outside IOSCO. Tajinder Singh has...
Ant Digital Technologies joins HKMA’s Project Ensemble
Ant Digital Technologies announces today its participation in the Project Ensemble Sandbox and the Project Ensemble Architecture Community of the Hong Kong Monetary Authority (HKMA). Project Ensemble is the HKMA’s new wholesale central bank digital currency (wCBDC)...
Amwal Capital Partners implements investment management technology from Broadridge
Amwal Capital Partners, an independent alternative investment firm based in Dubai, announces it has enhanced its portfolio and trade order management operations with the implementation of investment management technology from Broadridge Financial Solutions, Inc....
DHF Capital hires Erik Boekel as CCO
DHF Capital S.A., a securitization company based in Luxembourg, has announced the appointment of Erik Boekel as its new Chief Commercial Officer (CCO). With a distinguished career spanning over 25 years in Corporate and Investment Banking, Global Markets, and...
Ripple ready to create waves? :: InvestMacro
Ripple waits on SEC responseCrypto ↓ 12% year-to-dateRangebound on D1 timeframeKey levels of interest 0.5675, 0.5350 & 0.4750Our focus falls on Ripple due to the legal drama with the US Securities and Exchange Commission (SEC).This could be a big week for the...
Investors expect a hawkish stance from the RBA. Natural gas prices returned to growth :: InvestMacro
By JustMarkets On Friday, the Dow Jones (US30) was up 1.18% (for the week +1.03%), while the S&P 500 (US500) was up 1.26% (for the week +0.27%). The NASDAQ Technology Index (US100) closed positive 1.99% (for the week +0.93%). The US stocks rose thanks to a...
Robinhood gets Wells Notice for its crypto business, expecting enforcement action
US neobroker Robinhood (NASDAQ:HOOD) has announced that its Robinhood Crypto LLC unit has received a Wells Notice from the U.S. Securities and Exchange Commission staff, indicating they will recommend that the Commission file an enforcement action. More formally,...
Exclusive: Taurex names Mark Sheng as Commercial Director
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Taurex has named Mark Sheng to the position of Commercial Director. Mark Sheng joined Taurex – then known as Zenfinex – in 2021 as Head of APAC. Prior to Taurex Mark worked at EC Markets as Sales Director,...
Prop firm MyFlashFunding suspended from Propfirmmatch for denying payouts
Prop trading comparison site Propfirmmatch.com has announced that US based retail prop trading firm MyFlashFunding has been suspended from its site. According to Propfirmmatch, on May 1 MyFlashFunding reported they had experienced data feed issues, which according to...
FX week in review: Spotware CMO, CFI in South Africa, XTB and Dukascopy results
Hard to believe that yet another month of 2024 is in the books, but before we get to this week’s top stories we’re pleased to report that FNG had yet another month of record traffic and visitors in April. FNG’s dominance of FX and CFD industry news among both traders...
Speculators strongly boosting US Dollar bets vs Major Currencies :: 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 April 30th.The COT currency market speculator bets were higher this week as eight out of the eleven...
Speculator bets led lower 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 April 30th and shows a quick view of how large traders...
Speculator bets led lower by SOFR 3M & 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 April 30th and shows a quick view of how large...
Speculator bets led by Gold & Steel :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday April 30th and shows a quick view of how large traders...
FX Speculators reduce bearish bets for Yen, Canadian & Australian Dollars :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday April 30th and shows a quick view of how large market...
Speculator bets led by Wheat, Soybean Meal & 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 April 30th and shows a quick view of how large...
Copper, Silver & Commodities Index 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 April 30th 2024.This weekly Extreme Positions report highlights the Most Bullish and Most...
Is Intel (INTC) a Buy, Sell, or Hold Amidst Tough Competition? :: InvestMacro
By Ino.comIntel Corporation (INTC), a prominent semiconductor company, is currently navigating a challenging phase characterized by a dwindling financial outlook and difficulties sustaining competitiveness within the semiconductor industry. Intel stands behind many...
The British index has updated the historical maximum. Oil lost 5% over the week :: InvestMacro
By JustMarketsAt the end of Thursday, the Dow Jones Index (US30) rose by 0.85%, and the S&P 500 Index (US500) rose by 0.91%. The NASDAQ Technology Index (US100) closed negative 0.33%. Optimism about the economic outlook is supporting stocks. Stocks have also...
UK100 set for more record highs? :: InvestMacro
UK100 ↑ over 2% in AprilIndex could see heightened volatilityBoE decision & Q1 GDP in focusBullish on D1 but RSI overboughtKey levels of interest at 8200, 8110 & 8023Even as the clock ticks down to the US jobs report this afternoon (Friday, 3rd May), markets...
Saxo Bank volumes rebound in April 2024 led by record Equities and Commodities trading
Copenhagen based Retail FX and CFDs broker Saxo Bank reported its best month in over four years trading volume-wise in April 2024, led by record levels of client trading activity in both Equities and Commodities. Total multi-asset volumes at Saxo Bank were up 28% MoM...
Boeing’s Starliner is about to launch – if successful, the test represents an important milestone for commercial spaceflight :: InvestMacro
If all goes well late on May 6, 2024, NASA astronauts Butch Wilmore and Suni Williams will blast off into space on Boeing’s Starliner spacecraft. Launching from the Kennedy Space Center, this last crucial test for Starliner will test out the new spacecraft and take...
Interactive Brokers launches daily options on the CAC 40 Index
Online broker Interactive Brokers (Nasdaq:IBKR) has announced the availability of Daily Options on the CAC 40 index, further expanding Interactive Brokers’ robust product suite. Daily Options on the CAC 40 index provide experienced investors with another means to...
Singapore MAS adds Transport minister Chee Hong Tat to its BoD
Singapore financial regulator The Monetary Authority of Singapore (MAS) has announced the appointment of Chee Hong Tat, Minister for Transport and Second Minister for Finance, to its Board of Directors. The MAS also re-appointed five existing members to the MAS Board....
USDJPY, Copper & EURCAD :: InvestMacro
USDJPY sees over 700-pip swing Copper selloff rewards bearsEURCAD hits all bearish targetsIt has been an intense trading week for financial markets.More action could be expected due to corporate earnings and the US jobs report on Friday.In the meantime, check out how...
Komainu adds Paul Frost Smith as co-CEO alongside Robert Johnson
Komainu, a regulated custody provider for the digital assets industry, has announced the appointment of Paul Frost Smith as co-CEO. Mr. Frost Smith will work alongside Robert Johnson who has been serving as interim CEO and has now been appointed as co-CEO on a...
Brent crude oil hits seven-week low :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil prices have dropped to $83.95 per barrel on Thursday, marking the lowest level in seven weeks. This decline follows recent US statistics indicating a significant increase in crude oil inventories and production....
US Fed tilts towards a rate cut despite the postponement. HKMA left the rate unchanged at 5.75% :: InvestMacro
By JustMarketsAt Tuesday’s close, the Dow Jones Index (US30) added 0.23%, while the S&P 500 Index (US500) was down 0.34%. The NASDAQ Technology Index (US100) closed negative 0.33%. US stock indices traded mixed on Wednesday. Stock prices rose after bond yields...
High interest rates aren’t going away anytime soon – a business economist explains why :: InvestMacro
By Christopher Decker, University of Nebraska Omaha The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level – a...
CFI advances into South Africa with new FSCA license
Leading online trading provider CFI has announced its successful expansion into South Africa. The company said that the move marks a significant milestone in the group’s strategic global growth and highlights CFI’s commitment to extending its reach within the African...
Exclusive: Elena Kupriianova on joining Spotware
FNG Exclusive Interview… Following our exclusive report from earlier this week that FX industry marketing executive Elena Kupriianova was joining Spotware Systems as the cTrader trading platform developer’s new Chief Marketing Officer, we’re pleased to follow that up...
Speed Meets Precision: IC Markets’ New TVC Showcases Ultra-Fast Trading Capabilities
IC Markets, an acclaimed global online forex and CFD provider, has unveiled a new global campaign. Set against the adrenaline-fueled world of competitive car racing, where every second counts, IC Markets’ newest TV commercial draws a compelling parallel. It aligns the...
Alpha Group moves listing from AIM to London Main Market
International FX and payments company Alpha Group International plc (LON:ALPH), a provider of financial solutions dedicated to corporates and institutions, has announced that its ordinary shares will be admitted to the premium listing segment of the Official List of...
Nick Twidale joins ATFX as Chief Market Analyst
Leading Retail FX and CFDs broker ATFX has announced that Nick Twidale has joined the company as Chief Market Analyst for the Australia region. With over two decades of experience in banking and broking, Nick brings a wealth of expertise and leadership to his new...
Interactive Brokers registers 33% Y/Y increase in DARTs in April 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just reported its operating metrics for April 2024. Interactive Brokers registered 2.339 million Daily Average Revenue Trades (DARTs) in April 2024, 33% higher than in April 2023 and 3% lower...
Institutional FX trading volumes rise 5% in April 2024 as FXSpotStream sets (another) record
Trading activity at leading ECNs and multibank FX streaming services rose for the second month in a row in April 2024, continuing a fairly strong start to the year in the sector. After daily trading volumes at leading institutional eFX venues surveyed by FNG increased...
Cybersecurity researchers spotlight a new ransomware threat – be careful where you upload files :: InvestMacro
By Selcuk Uluagac, Florida International University You probably know better than to click on links that download unknown files onto your computer. It turns out that uploading files can get you into trouble, too.Today’s web browsers are much more powerful than earlier...
CME Group reports doubling of number of market participants trading Aluminum futures
International derivatives marketplace CME Group today announced that the number of market participants trading Aluminum futures has doubled since last year, reaching 406 unique accounts in April, while ADV was up 70% year-over-year, and average daily open interest...
Bitcoin stumbles below $60k ahead of Fed :: InvestMacro
Bitcoin ↓ over 15% in AprilCrypto hit by “higher for longer” stance261.8 Fibonacci level key reference pointRSI signals that prices are near oversoldCould the party already be over for Bitcoin bulls?Well, the “OG” crypto ended April over 15% lower despite the infamous...
Is scientific discovery driven by great individuals or by great teams? :: InvestMacro
“This isn’t mine; this is one for the team,” said Succession star Kieran Culkin as he accepted the Best Actor award at this year’s Golden Globes. It’s a familiar aspect of Hollywood awards speeches – a reminder that the stars dazzling us on screen could not exist...
Webull launches Webull Lite – FX News Group
Online trading platform Webull today announced the launch of Webull Lite, a simplified way for users to trade. With both Webull and Webull Lite all in one app, users will be able to seamlessly toggle back and forth between versions. Webull Lite offers the same tools...
WTI oil declines on rising inventories and negotiations between Israel and Hamas. Rising unemployment in New Zealand may force RBNZ to start cutting rates earlier :: InvestMacro
By JustMarketsAt the end of Tuesday, the Dow Jones Index (US30) decreased by 1.49%, while the S&P 500 index (US500) was down 1.57%. The NASDAQ Technology Index (US100) closed negative 2.04% yesterday. Rising labor costs pushed bond yields higher and pressured...
ICE aligns Midland WTI crude quality specifications to match U.S. Physical Gulf Coast crude cargoes
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that its ICE Midland WTI futures contract is now further aligned with Midland WTI crude oil deliverable into Dated Brent and the rest of the Brent complex after ICE updated the quality specifications of the...
Odyssey Equity Finance sentenced for failing to file annual financial reports with ASIC
Odyssey Equity Finance Pty Ltd was sentenced in the Dandenong Magistrates’ Court for failing to lodge financial reports with ASIC for each of the financial years ending 30 June 2020, 2021 and 2022. Odyssey, an Australian financial services licensee, was charged with:...
iSAM Securities names Dennis Weissert as Head of Technology Business Development
London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that Dennis Weissert has been promoted to the position of Head of Technology Business Development. Dennis Weissert joined iSAM Securities earlier this year as Sales...
BNY Mellon deploys its cloud native data platform in the UAE for Lunate Capital
The Bank of New York Mellon Corporation (NYSE:BK) has announced the deployment of its cloud native data platform for the first time in the UAE, after being commissioned by Lunate Capital, the Abu Dhabi-based global alternative investment manager, to provide it with a...
Boku announces retirement of CFO Keith Butcher
Boku, Inc (LON:BOKU), a provider of global mobile payment solutions, announces that its Chief Financial Officer (CFO), Keith Butcher has notified the board of his intention to retire from the company following the completion of an extended notice period, allowing for...
Hargreaves Lansdown’s director Adrian Collins joins Board of LSL Property Services
Hargreaves Lansdown plc (LON:HL) confirms that Adrian Collins, a Non-Independent Non-Executive Director of HL, has been appointed to the Board of LSL Property Services plc as Non-Executive Chair with immediate effect. Mr Collins has worked in the fund management...
Bound selects Integral for multiple source FX liquidity aggregation
Broker tech and liquidity solutions provider Integral Development Corp has announced that Bound, a currency hedging and risk management solutions company, has implemented Integral’s SaaS eFX workflow solutions to enhance its technology infrastructure. Bound is now...
LaTAM exchanges co nuam partners with Devexperts on trading interface for Equity and Derivatives markets
nuam, the entity resulting from the integration of the Lima, Santiago, and Colombia Stock Exchanges, has announced that it has established a new partnership with Devexperts, a global IT company specialized in financial software development. Together, they aim to craft...
BGC registers 8.6% Y/Y growth in revenues in Q1 2024
BGC Group, Inc. (NASDAQ:BGC) today reported its financial results for the quarter ended March 31, 2024. BGC’s revenues grew by 8.6% to a record $578.6 million, reflecting broad-based growth across all geographies and growth across its Energy, Commodities, and...
Hits fresh two-year high! :: InvestMacro
FXTM launches 10 new commodities!Copper jumps to two-year highPrices up almost 20% year-to-dateBulls in control on H4/D1 chartsKey levels of interest at $4.58, $4.54 & $4.50In case you missed it, FXTM’s new Copper commodity has just hit a fresh two-year...
Dukascopy sees Revenues, Profits continue to fall in 2H-2023
Geneva based Retail FX and CFDs broker Dukascopy has released its 2023 Annual Report and financial results, indicating that top line Revenues and bottom line profits continued to decline during the second half of the year, following what was already a very slow first...
Heavenly Metals :: InvestMacro
Michael Ballanger of GGM Advisory Inc. takes a look at the current state of the markets, and shares some stocks he believes are worth taking a look at. As the Friday trading session came to a close this week, I had an epiphany of sorts in that instead of standing back...
AJ Bell appoints Julie Chakraverty to its BoD
UK investment platform AJ Bell plc (LON:AJB) today announced that Julie Chakraverty has been appointed to its Board of Directors as an independent non-executive director with effect from 1 June 2024. Ms Chakraverty, a highly experienced non-executive director, brings...
Expert Says Now Looks Like a Good Time To Buy This Renewable Energy Stock :: InvestMacro
Source: Clive Maund (4/29/24)Technical Analyst Clive Maund shares an update on Revolve Renewable Power Corp. to explain why he believes now might be the time to buy this clean energy stock.Revolve Renewable Power Corp. (TSXV:REVV;OTCQB:REVVF) was the subject of an...
B2Prime adds offshore Security Dealer license in Seychelles
Multi-asset Prime of Prime liquidity provider B2Prime has announced that it has achieved another significant regulatory milestone by obtaining a security dealer license in Seychelles. This marks the third license for B2Prime, following those in Cyprus and Mauritius....
Optimism over corporate earnings is fueling stock indices. The Hong Kong index reached a 5-month high :: InvestMacro
By JustMarketsOn Monday, the Dow Jones (US30) rose by 0.38%, while the S&P 500 (US500) Index gained 0.32%. The NASDAQ Technology Index (US100) closed positive 0.35%. Meanwhile, the S&P 500 (US500) and NASDAQ (US100) 100 indices hit 2-week highs. Optimism over...
TMX Group, Clearstream process first live tri-party transactions on CCMS
TMX Group Limited, operator of Toronto Stock Exchange and key Canadian post-trade infrastructure including the Canadian Depository for Securities (CDS), and Clearstream Banking S.A., the international central securities depository of Deutsche Börse Group, today...
Noel Quinn to retire as HSBC CEO
HSBC Holdings plc (LON:HSBA) today announced that Group Chief Executive, Noel Quinn, has informed the Board of his intention to retire from the company after nearly five years in the role. Mr Quinn said: “It has been a privilege to lead HSBC. I never imagined when I...
Hargreaves Lansdown registers increase in revenues in Q3 FY24
Hargreaves Lansdown plc (LON:HL) today issued a trading update in respect of the three months ended 31 March 2024 (Q3 FY24). Total revenue in the quarter of £199.7 million (Q3 2023: £188.1m) benefited from increased dealing volumes and higher platform revenue from...
SEC announces settled charges against Catalyst Capital Advisors
The Securities and Exchange Commission (SEC) has announced settled charges against San Juan, Puerto Rico-based registered investment adviser Catalyst Capital Advisors LLC for entering into an impermissible joint legal fee arrangement with its client, Mutual Fund...
MAS not to extend pause on DBS Bank’s non-essential activities
The Monetary Authority of Singapore (MAS) today announced that it will not be extending the pause imposed on DBS Bank Ltd that was effective from 1 November 2023 to 30 April 2024, while the multiplier of 1.8 times to DBS Bank’s risk weighted assets for operational...
Markets4you engages cricket legend AB de Villiers as Brand Ambassador
Offshore CFDs broker Markets4you has announced that it is partnering with South African cricket icon AB de Villiers as its new Brand Ambassador. The parties said that this partnership unites two champions in their respective fields, showcasing a mutual commitment to...
S&P upgrades Euronext to ‘BBB+, Positive Outlook‘
Pan-European market infrastructure Euronext today welcomed the decision of S&P to upgrade Euronext from ‘BBB+, Stable Outlook’ to ‘BBB+, Positive Outlook’. S&P decision reflects the approaching completion of the integration of the Borsa Italiana Group, the...
Exclusive: cTrader developer Spotware hires Elena Kupriianova as CMO
FNG Exclusive… FNG has learned that Spotware Systems, developer of the popular cTrader multi-asset trading platform, has hired experienced FX and CFDs industry executive Elena Kupriianova as the company’s new Chief Marketing Officer (CMO). Spotware had been...
XTB sees record Revenues of $139M in Q1-2024
Poland based Retail FX and CFDs brokerage group XTB SA (WSE:XTB) has followed up a record 2023 with an even better start to 2024, reporting record quarterly Revenues and near-record Profits for the first quarter of the year. XTB financial results Q1 2024 Revenues at...
SEC charges former BP senior manager with insider trading
The Securities and Exchange Commission (SEC) has charged Chicago-area resident Kevin Crotty with insider trading ahead of a February 16, 2023 announcement that BP p.l.c. agreed to acquire TravelCenters of America Inc. This is the second insider trading case the SEC...
Exclusive: FCA licensed CFDs broker Acetop sees Revenues up 4x in 2023 led by Spot Gold trading
FNG Exclusive… FNG has learned via regulatory filings that FCA licensed Retail FX, CFDs and spread betting broker Acetop Financial Limited (website: acetop.uk) saw a significant increase in activity in 2023, led by active Spot Gold trading among its clients. Revenues...
FCA data: UK financial services firms receive 1.87M complaints in H2 2023
The UK Financial Conduct Authority (FCA) has published the complaints data for the period from 1 July to 31 December 2023. In the second half of 2023, UK financial services firms received 1.87 million complaints, a decrease of 1% from 2023 H1 (1.89m). Since the...
MarketAxess appoints Dan Burke as Global Head of Emerging Markets
MarketAxess Holdings Inc. (NASDAQ:MKTX) today announced the appointment of Dan Burke as Global Head of Emerging Markets (EM). As Global Head of EM, Mr. Burke will be responsible for the development and execution of business strategy for the EM business in both hard...
Japanese yen shows volatility amid speculation of intervention :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair is hovering around 155.00 on Monday, having earlier touched a new 34-year peak at 160.00. Market rumours suggest that the Japanese authorities might have intervened in the currency market, although there has been no...
Italy’s CONSOB adds RussellGroupFX and Trading42 to list of blocked websites
Italy’s Companies and Exchange Commission (CONSOB) has issued orders for the blocking of access to five unauthorised investment websites. In issuing the orders, the Authority made use of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law no. 58 of...
European indices grow on the ECB’s “dovish” position. Quarterly reports of mega-companies support the broad market :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) Index gained 0.40% (for the week +0.32%), while the S&P 500 (US500) Index gained 1.02% (for the week +2.26%). The NASDAQ Technology Index (US100) closed positive 2.03% (for the week +3.45%). Positive earnings results...
ICE registers record OI of over 94M contracts across futures and options
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that its global futures and options markets reached record open interest (OI) of over 94 million contracts on April 24, 2024, up 26% year-over-year (y/y), including record OI in commodities of 66.3 million and...
USDJPY monster move fuels intervention talk :: InvestMacro
Yen rebound sparks intervention talkWatch out for Japan data & USD volatilityMore wild swings on horizon?Key level of interest at 155.00 Everybody is talking about the Japanese Yen, and why not?Its dramatic reversal against the dollar has sparked talks around...
Eurex launches additional Green Bond Basket in its GC Pooling segment
On 29 April 2024, Eurex launched an additional Green Bond Basket in its GC Pooling segment. The addition aims to increase liquidity and efficiency in the European repo market for green bonds, thus strengthening the green bond segment. The new basket complements three...
Deutsche Bank warns legal provision to affect FY24 profitability
Deutsche Bank has provided an update on the Postbank takeover litigation matter. In a hearing on April 26, 2024, the Higher Regional Court of Cologne assessed the claims of certain former Postbank shareholders that a higher offer price in connection with Deutsche...
Nasdaq fines Interactive Brokers for incorrectly processing five corporate actions
Electronic trading major Interactive Brokers LLC has agreed to pay a fine of $475,000 as a part of a settlement with Nasdaq. This matter arose from an investigation initiated by Nasdaq Enforcement based on referrals received by Nasdaq MarketWatch. As a result of its...
Garanti BBVA Digital Assets to add AVAX to its crypto services
Garanti BBVA Digital Assets will shortly be offering Avalanche c-chain support for AVAX coins to users of its Garanti BBVA Crypto mobile platform. Garanti BBVA’s independent company currently provides pioneering trading, storage and transfer services for a variety of...
Speculator Bets led by Corn & Soybean Meal :: 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 April 23th and shows a quick view of how large...
Speculator Weekly Changes led by 5-Year & 10-Year Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday April 23th and shows a quick view of how large...
Speculator Bets led 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 April 23th and shows a quick view of how large traders...
FX week in review: NAGA.com sale approved, MetroTrade launch, new CFI CEO, prop news trading
What is NAGA Group’s new strategy under newly installed CEO Octavian Patrascu, after NAGA shareholders voted to approve the company’s acquisition by Patrascu’s CAPEX.com? How does MetroTrade, a new US-based retail futures and options broker being launched by Tickmill...
Prop firm Funded Engineer suspended from Propfirmmatch citing funded accounts compromised
Prop trading comparison site Propfirmmatch.com has announced that retail prop trading firm Funded Engineer has been suspended from its site. According to Propfirmmatch.com, Funded Engineer has announced that all funded accounts from challenges purchased before the...
Silver, Copper, Coffee & VIX lead Futures 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 April 23th 2024.This weekly Extreme Positions report highlights the Most Bullish and Most...
Compagnie Financière Tradition appoints Michel Everaert as Global Head of E-Commerce and Digitalization
Compagnie Financière Tradition, one of the largest global transactional and market data platform in financial and commodity related products, today announced the appointment of Michel Everaert as its Global Head of E-Commerce and Digitalization. Michel Everaert Mr...
Match-Trader platform April updates include one-time URL and Discord login, CRM analytics
Multi-asset trading platform provider Match-Trade Technologies has announced that it is introducing a series of enhancements to its Match-Trader platform this month. Leading these updates is a new login feature, which provides a one-time URL for secure and efficient...
FxPro to make Viking stock available to trade shortly after IPO
Retail FX and CFD broker FxPro has issued an update to its clients regarding the upcoming Viking IPO. Viking Holdings, the cruise line known for its luxurious escapes, is setting sail for the public market, with an expected trading date of May 1, 2024. Here’s how you...
CVC Capital Partners lists on Euronext Amsterdam
Euronext today welcomed global investment firm CVC Capital Partners plc, as it successfully listed on Euronext Amsterdam (ticker code: CVC). CVC is a global leader in private markets with a history of creating sustainable value over more than 40 years. The company has...
Gold price recovers amid uncertain US economic outlook :: InvestMacro
By RoboForex Analytical DepartmentThe price of a troy ounce of gold climbed to 2330.00 USD on Friday. This surge was driven by investors’ ongoing evaluation of the potential direction of the US Federal Reserve’s monetary policy following mixed macroeconomic data.The...
CFTC secures Court order imposing $11.8M in penalties on The QYU Holdings
The Commodity Futures Trading Commission (CFTC) has secured a Court order imposing heavy penalties on Darren Robinson, a former resident of Miami, Florida, and his firm The QYU Holdings Inc (QYUHI). The relevant order was signed earlier this week by Judge Linda V....
US500 braced for jam-packed week :: InvestMacro
US500 ↓ 4% month-to-dateHigh impact events could rock indexFed decision, earnings & NFP in focusKey levels of interest at 5129, 5034 & 4970Major breakout on horizon?If you thought the last few days were eventful, wait until you see the lineup for the week...
FCA orders firms to amend/withdraw 2,211 promotions in Q1 2024
The UK Financial Conduct Authority (FCA) has ordered authorised firms to amend or withdraw 2,211 promotions in Q1 2024. The retail investments and retail lending sectors had the highest amend/withdraw outcomes, totalling 85% of FCA interventions with authorised firms....
Today, investors’ focus is on the PCE Price Index inflation report :: InvestMacro
By JustMarketsAs of Thursday’s close, the Dow Jones Industrial Average (US30) was down 0.98%, while the S&P 500 Index (US500) lost 0.46%. The NASDAQ Technology Index (US100) closed negative 0.64%. US stock indices closed modestly lower, led by technological stock...
Italy’s CONSOB orders blocking of five unauthorised investment websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to five new websites that offer financial services/financial products illegally: four illegal financial intermediation websites and one website through which an offer of financial...
FSCS confirms 12 firms declared in default in February and March 2024
The UK Financial Services Compensation Scheme (FSCS) has confirmed that 12 firms were declared in default in February and March 2024. The firms listed below have gone out of business and are unable to meet any claims themselves: Pension Advice Specialists Limited,...
FastSpring and EBANX Forge Partnership to Expand Pix Payments for Digital Products in Brazil :: InvestMacro
Through the integration, the companies aim to provide the best payment experience to Brazilian clients through local payments via the fast-growing and highly adopted PixCuritiba, BRAZIL, April 25, 2024 – FastSpring, the leading merchant of record for global SaaS and...
HK Court convicts two former licensees of false trading in Forebase shares
The Eastern Magistrates’ Courts on Thursday convicted two former licensees, Mr Yip Chi Wing and Mr Tsoi Chiu Kwan of false trading in the shares of Forebase International Holdings Limited following a prosecution by the Hong Kong Securities and Futures Commission...
This “Bullish Buzz” Reaches Highest Level in 53 Years :: InvestMacro
Learn what the AIM Index reveals By Elliott Wave InternationalYes, there’s been a recent pickup in stock market volatility, but overall, bullish sentiment remains very much alive and well.Indeed, here’s a Feb. 18 Yahoo! Finance headline:A Bull Market is Here.On April...
Alipay+ enables digital payment of 14 overseas e-wallets from 9 countries and regions in HK
Users of 14 popular overseas e-wallets from 9 countries and regions can now make payments in Hong Kong using their home apps through Alipay+, a suite of cross-border mobile payment and digitalization technology solutions operated by Ant International. Powered by...
The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system :: InvestMacro
Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isn’t very dependent on it. Indeed, looking at trade as a percentage of gross domestic product – a metric economists sometimes call the “openness index” – the...
Tradeweb Markets registers 24% Y/Y increase in revenues in Q1 2024
Tradeweb Markets Inc. (NASDAQ:TW), a global operator of electronic marketplaces for rates, credit, equities and money markets, today reported financial results for the quarter ended March 31, 2024. The company posted $408.7 million quarterly revenues, an increase of...
Ten global investment banks and market making firms become FMX minority equity owners
BGC Group, Inc. (NASDAQ:BGC) today announced that Bank of America, Barclays, Citadel Securities, Citi, Goldman Sachs, J.P. Morgan, Jump Trading Group, Morgan Stanley, Tower Research Capital, and Wells Fargo have become minority equity owners of FMX, with a post-money...
how it works, where it goes, why it’s needed :: InvestMacro
Development finance is the invisible glue that connects public and private financing for projects that have social, economic and environmental outcomes. These include improved infrastructure, better waste management and sanitation, financial inclusion, clean energy...
California court hits Red Rock Secured and execs with $56M order for precious metals scam
The U.S. derivatives market regulator Commodity Futures Trading Commission (CFTC) has announced that Judge R. Gary Klausner of the U.S. District Court for the Central District of California entered a consent order against Red Rock Secured, LLC (Red Rock), Sean L....
Japanese yen hits all-time low as BoJ meeting commences :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair reached an all-time high on Thursday, touching the 155.50 level. This development comes as the Bank of Japan (BoJ) starts its two-day monetary policy meeting with widespread expectations that the interest rate will...
Cboe to refocus its digital asset business, to wind down ops of Cboe Digital Spot Market
Derivatives and securities exchange network Cboe Global Markets, Inc today announced plans to refocus its digital asset business to leverage its core strengths in derivatives, technology and product innovation while realizing operating efficiencies for both Cboe and...
QCOM wants to create competition in the AI chip market. Hong Kong index hits five-month high :: InvestMacro
By JustMarketsAt Wednesday’s close, the Dow Jones Industrial Average (US30) was down 0.11%, while the S&P 500 Index (US500) was up 0.02%. The NASDAQ Technology Index (US100) closed positive 0.10%. The US stock indices traded mixed, with the S&P 500 (US500) and...
Interactive Brokers extends trading hours for US Treasury bonds
Electronic trading major Interactive Brokers (NASDAQ:IBKR) today announced a significant expansion of trading hours for US Treasury bonds on its platform. Clients around the world can now trade US Treasury bonds for 22 hours each day. The trading session closes daily...
NAS100, Robusta Coffee, USDCHF :: InvestMacro
NAS100 bulls pocket 4000 points!FXTM’s Robusta Coffee hits record highUSDCHF secures all bearish targets It has been an eventful week thanks to corporate earnings from the largest companies in the world.And things could liven up further due to more earnings releases...
Visa joins AWS Partner Network
Visa (NYSE:V), a global provider of digital payments, announced today it has joined the AWS Partner Network (APN), a global community that leverages AWS technologies, programs, expertise, and tools to build solutions and services for customers. Visa’s presence in the...
CFI integrates TradingView charts and trading community
Leading online trading provider CFI has announced announced its integration with the world-renowned TradingView platform, marking a significant move forward in the Group’s mission to provide clients with exceptional trading platforms and innovative features. This...
Nasdaq reports 22% Y/Y growth in revenues in Q1 2024
Nasdaq, Inc. (NASDAQ:NDAQ) today reported its financial results for the first quarter of 2024. First quarter 2024 net revenues were $1.1 billion, an increase of $203 million, or 22%, versus the prior year period with 6% organic growth or 7% growth on a pro forma...
Belgian FSMA warns public against recovery room fraud
Belgium’s Financial Services and Markets Authority (FSMA) is warning the public against recovery room fraud. Recovery room fraud is a practice whereby fraudsters offer to help victims of investment fraud to obtain compensation for their losses or to recover their lost...
Deutsche Börse, Nodal Exchange collaborate to offer premium range of market data
Deutsche Börse announces a collaboration with Nodal Exchange, a leading North American commodity derivatives exchange which is part of the EEX Group. As part of this collaboration, Deutsche Börse will provide access to a broad range of futures & options data in US...
Crypto ECN CROSSx reports $3.15 Billion in Q1 trading volumes
Crossover Markets Group, Inc., a digital asset technology firm focused on meeting the unique liquidity requirements of institutions, has announced several key performance indicators from Q1 trading on its flagship digital assets platform CROSSx. Crossover’s Q1 2024...
SFC issues restriction notices to Interactive Brokers, Futu Securities regarding certain client accounts
Hong Kong’s Securities and Futures Commission (SFC) has issued restriction notices to Futu Securities International (Hong Kong) Limited and Interactive Brokers Hong Kong Limited, prohibiting them from dealing with or processing assets held in their client accounts...
Exclusive: Abdelhadi Laabi joins MENA focused CFDs broker NCM Financial as COO
FNG Exclusive… FNG has learned that experienced FX industry executive Abdelhadi Laabi has joined UAE based Retail FX and CFDs broker NCM Financial Services, as Chief Operating Officer (COO). Abdelhadi Laabi spent the past year as CMO of offshore CFDs broker Kama...
Cindy Lee to become Virtu Financial CFO
On August 1, 2024, Cindy Lee, currently Deputy Chief Financial Officer, will become CFO of Virtu Financial. Sean Galvin, currently CFO of Virtu since 2020, will remain with Virtu in a senior capacity and will work with Cindy Lee to ensure a seamless leadership...
Exclusive: Profit & Loss founder Julie Ros joins private market operating system co Templum as CMO
FNG Exclusive… FNG has learned that Julie Ros has joined private market operating system provider Templum, as Chief Marketing Officer (CMO). Julie Ros is best known in the FX trading world as the founder and longtime CEO and Editor-in-Chief of Profit & Loss...
White-labelling at Finalto, in conversation with COO Stanislav Bunimovich
FNG Interview… Finalto Group takes immense pride in its award-winning, white-labelled brokerage solutions, which continue to set industry standards in innovation and service quality. FNG sat down with Stanislav Bunimovich, Finalto’s Chief Operating Officer, to explore...
On intervention watch :: InvestMacro
Yen weakens to multi-year lowsMarkets on intervention watchBoJ decision & US data in focusMajor resistance at 161.8 golden Fib levelsKey levels of interest at 155.00, 154.20 & 21 day SMAThe Yen’s weakness to multi-year lows has left investors on high alert for...
eToro unveils Onfido Selfie Motion biometric authentication feature
Online broker eToro is introducing its latest innovation: the Onfido Selfie Motion biometric authentication feature. The Onfido Selfie Motion feature aims to make updating your phone number easier. In case you can’t log in due to 2FA sent to a phone number you no...
TSLA shares rose on a weak report. Inflationary pressures are easing in Australia :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones Industrial Average (US30) was up 0.69%, while the S&P 500 Index (US500) added 1.20%. The NASDAQ Technology Index (US100) closed positive 1.59% on Tuesday. The US stock indices closed moderately higher, with the Dow...
Broadridge launches two solutions on Salesforce AppExchange
Broadridge Financial Solutions Inc. (NYSE:BR) has launched two solutions on the Salesforce AppExchange, a leading enterprise marketplace for partner apps and experts. Broadridge’s Securities Based Lending and AdvisorStream Digital Marketing solutions, which empower...
Euro gains against the dollar amid mixed economic signals :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair rose to 1.0707 on Wednesday, driven by increased local risk appetite and the belief that the currency was significantly oversold against the US dollar. This resurgence indicates a temporary rebalancing in the currency...
CME Group registers drop in net income in Q1 2024
International derivatives CME Group Inc. (NASDAQ:CME) today reported financial results for the first quarter of 2024. The company reported revenue of $1.5 billion, higher than the result of $1.44 billion registered in the first quarter of 2023. Operating income for...
Peter Harrison to retire as Schroders CEO
Schroders plc today announced that after a decade on the Board, Peter Harrison has signalled his intention to retire as Group Chief Executive (CEO) next year. A thorough and extensive search for his successor will now be launched. The Board anticipates an orderly...
Virtu reports increase in revenues in Q1 2024
Virtu Financial, Inc. (NASDAQ:VIRT), a provider of financial services and products that leverages cutting edge technology to deliver innovative, transparent trading solutions to its clients and liquidity to the global markets, today reported results for the first...
Exclusive: Victor Gherbovet on launch of broker solutions provider FirstByt
FNG Exclusive Interview… Following our FNG Exclusive report from earlier this month that former Admirals co-CEO Victor Gherbovet had launched a new broker white label and tech solutions company called FirstByt, we’re pleased to follow up with a more detailed...
FxGrow selects Integral to upgrade its Trading, Risk Management and Analytics systems
Broker tech and liquidity solutions provider Integral Development Corp has announced today that MENA-focused Retail FX and CFDs broker FxGrow has chosen Integral’s SaaS workflow solutions to enhance its technology infrastructure. FxGrow has successfully integrated...
PayU secures RBI’s in-principle approval to operate as payment aggregator
PayU, one of India’s leading digital financial services providers, today announced that it has received the in-principle authorisation from the Reserve Bank of India (RBI) with regard to its online payments aggregation (PA) business. Anirban Mukherjee, CEO, PayU,...
Interactive Brokers announces results of annual meeting of stockholders
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has announced the results of the recently held annual meeting of stockholders. The stockholders voted on proposals to elect directors to the Company’s Board of Directors; to ratify the appointment...
Is a Commodities Super Cycle on the Way? :: InvestMacro
Are we at the start of a commodities supercycle? We sat down with McAlinden Research to see what they had to say about the current state of commodities.McAlinden Research Partners is a global provider of original investment strategy insights. The company’s primary...
Barclays appoints Gijs Borghouts as Chief Internal Auditor
Barclays has announced the appointment of Gijs Borghouts as Chief Internal Auditor, and a standing attendee of the Group Executive Committee, subject to regulatory approval. Gijs Borghouts is currently Chief Internal Auditor for Barclays Bank PLC (BBPLC). He joined...
Australian dollar rises on strong economic indicators :: InvestMacro
By RoboForex Analytical DepartmentThe AUD/USD pair is experiencing upward momentum for the second consecutive day, reaching a one-week high near 0.6453 on Tuesday. This positive movement comes after a period of rapid decline and is supported by encouraging economic...
CME Group schedules launch of U.S. Credit Futures for June 17
International derivatives marketplace CME Group today announced that its new credit futures are scheduled to begin trading on Monday, June 17, 2024, pending regulatory review. Launching alongside the company’s leading U.S. Treasury complex, CME Group credit futures...
PMI data is the focus of investors’ attention today. Turkey, Iraq, Qatar, and UAE signed a transportation agreement :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones Industrial Average (US30) was up 0.67%, while the S&P 500 Index (US500) added 0.87%. The NASDAQ Technology Index (US100) closed positive 1.11%. The US stock indices rose moderately, with the Dow Jones Industrials...
FCA launches criminal proceedings against operator of ‘Kube Trading’ scheme
The UK Financial Conduct Authority (FCA) has launched criminal proceedings against Lee Steven Maggs of Sittingbourne, Kent, for two counts of fraud and one count of breaching the Financial Services and Markets Act 2000 (FSMA). The three counts are as follows: Carrying...
Are tomorrow’s engineers ready to face AI’s ethical challenges? :: InvestMacro
A chatbot turns hostile. A test version of a Roomba vacuum collects images of users in private situations. A Black woman is falsely identified as a suspect on the basis of facial recognition software, which tends to be less accurate at identifying women and people of...
TradingView collaborates with Substack – FX News Group
Today, TradingView introduced its collaboration with Substack, an online publishing platform that has recently integrated the TradingView Advanced Chart widget into its writing functionality, empowering authors to seamlessly visualize market analysis. Launched in...
hovers near record highs! :: InvestMacro
FXTM launches 10 new commoditiesRobusta Coffee near all-time high2nd biggest gainer YTD in FXTM’s commodity universePrices ↑ over 35% since start of 2024Key levels of interest at $4040, $4130 and $4280FXTM’s new Robusta Coffee commodity is flirting near all-time...
Talos acquires Cloudwall – FX News Group
Talos, a provider of institutional technology for trading digital assets, announced its acquisition of Cloudwall, a developer of digital asset risk technology. The technology and expertise of Cloudwall is set to enhance Talos’s existing portfolio management system...
FCA recovers £533,000 to return to investors
Investors will receive money back totalling £533,000 after the High Court granted a distribution order to the UK Financial Conduct Authority (FCA). The FCA recovered the money from Bright Managment Solution Limited, Soccer League International Limited, and three...
eToro partners with 21Shares on new crypto portfolio
Online brokerage eToro and issuer of crypto exchange traded products (ETPs) 21Shares have partnered to launch a new portfolio named 21Shares-Flows, designed to offer retail investors a dynamic and data-driven approach to crypto investing. The 21Shares-Flows portfolio...
HK regulator warns against CBEX Group and Bitget Pro
The Securities and Futures Commission (SFC) of Hong Kong today warned the public against entities operating under the names of “CBEX Group” and “Bitget Pro”. These entities are suspected of fraudulent virtual asset-related activities. CBEX Group operates its website...
Interactive Brokers enhances Retirement Planner in PortfolioAnalyst
Electronic trading major Interactive Brokers has updated PortfolioAnalyst, enhancing the Retirement Planning tool. Retirement Planning generally involves more than one individual. Interactive Brokers has now added support for additional user profiles within the...
Standard Chartered launches new Open Banking Marketplace
Standard Chartered today announced the launch of its new Open Banking Marketplace, a one-stop platform that enables both existing and prospective clients to discover, identify, and test application programming interfaces (APIs) that best meets their business...
CQG makes trading/reporting enhancements in latest release of CQG One & CQG Desktop
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 9.3 include: Various improvements and bug fixes. General Widgets...
Sentencing of Ponzi scammer Renwick Haddow gets rescheduled again
The New York Southern District Court has rescheduled the sentencing of Ponzi scammer Renwick Haddow once again. The new date for his sentencing is November 1, 2024. The rescheduling reflects a request by the US Government which requested a six-month adjournment of the...
New Cboe Silexx release enhances multi order ticket and trade confirms
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 24.3. Multi Order Ticket | Hot Button Bar Previously, hot button bars were available to users...
Are Ethereum ETF’s coming? :: InvestMacro
Bitcoin halving done and dustedEthereum in focus ahead of SEC decisionETH ↓ 20% from 2024 peakPrices trending higher on D1 chartKey levels at 100 day SMA, $3255 and 50-day SMABitcoin’s halving event is done and dusted! Marking a landmark moment in the world of digital...
Gold-i CTO Chris James joins MAS Markets
Multi-asset liquidity provider MAS Markets (formerly known as BidX) has announced the appointment of Chris James as its new Chief Technology Officer (CTO). With a decade of experience at Gold-i, the company said that Chris brings invaluable expertise and leadership to...
Geopolitical risks in the Middle East are declining. China kept interest rates at lows :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) Index gained 0.56% (for the week -0.23%), while the S&P 500 (US500) Index fell by 0.88% (for the week -3.54%). The NASDAQ Technology Index (US100) closed negative 2.05% (for the week -6.11%). The S&P 500 (US500)...
Cypriot Investors Compensation Fund withdraws membership of Leverate Financial Services
The Cyprus Securities and Exchange Commission (CySEC) today announced that the Investors Compensation Fund (ICF), pursuant to paragraph 6 of Directive DI87-07 for the Operation of the Investors Compensation Fund, has withdrawn the ICF membership of the member Leverate...
Brent crude dips to four-week low amid easing geopolitical tensions :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil prices fell to a four-week low of 86.50 USD on Monday, influenced by several contributing factors. The primary cause of the decline was a reduction in geopolitical tensions as Iran’s rhetoric toward Israel showed signs...
Trading Technologies introduces TT Splicer
Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, today announced the introduction of TT Splicer, a new TT Premium Order Type that provides industry-first functionality for synthetic multi-leg spread trading. Joe...
CySEC issues warning against 12 unauthorised investment firms
The Cyprus Securities and Exchange Commission (CySEC) today expanded its list of unauthorised investment firms by adding 12 entities to it. The regulator warns against the following websites: fundednowprop.com fiat-global.com & platform.fiatfxtrade.com...
MAS bans former Manulife rep for 12 years
The Monetary Authority of Singapore (MAS) has issued a 12-year prohibition order (PO) against Mr Ong Ka Yong, a former representative of Manulife Financial Advisers Pte. Ltd. The PO was issued following Mr Ong’s conviction in the State Courts for cheating offences....
FCA cancels KBFS Financial Limited’s authorisation
The UK Financial Conduct Authority (FCA) has cancelled the permissions of KBFS Financial Limited (KBFS), preventing the firm from providing any financial services. KBFS failed to engage with the FCA in an open and cooperative way. KBFS also failed to pay redress...
Turkish online broker Midas gets $45M Series A financing led by Canada’s Portage
Istanbul based online brokerage startup Midas has announced that it raised the largest Series A financing round ever for a Turkish fintech company, securing a $45 million investment round from a number of global investors. With this new investment of $45 million,...
CFI UAE names Jareer Hiary as CEO following departure of Nidal Abdelhadi
CFI Financial Markets LLC, the UAE division of leading online broker CFI Financial Group, has announced a significant leadership transition as Jareer Hiary steps into the role of CEO. Jareer Hiary takes over from Nidal Abdelhadi, who is leaving CFI and will now focus...
Exclusive: Spotware/cTrader Head of Growth Andrew Mreana departs
FNG Exclusive… FNG has learned that Andrew Mreana has resigned from his position as Head of Growth at Limassol based trading platform developer Spotware Systems, and has left the company. Spotware is the creator of the cTrader multi-asset trading platform. Andrew...
Speculators strongly boosting US Dollar bets vs Major Currencies :: 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 April 16th and shows a quick view of how large market...
FX week in review: Saxo Bank pursues sale, FirstByt launch, Trivepro CEO leaves
What steps is Saxo Bank taking in pursuit of a sale of the company, following a failed attempt to go public? Which former FX and CFDs industry CEO is behind the launch of new white label and broker solutions provider FirstByt? Which executive moves were reported this...
Speculator bets led by Soybean Meal & Lean Hogs :: 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 April 16th and shows a quick view of how large...
Speculator bets led by S&P500-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 April 16th and shows a quick view of how large traders...
Speculator bets led by 10-Year Bonds & Fed Funds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday April 16th and shows a quick view of how large...
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 April 16th and shows a quick view of how large traders...
Silver, Coffee & Mexican Peso lead COT 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 April 16th 2024.This weekly Extreme Positions report highlights the Most Bullish and Most...
3 Signs of Developing U.S. Economic Slowdown :: InvestMacro
“Credit standards are tightening, thereby freezing out borrowers” By Elliott Wave InternationalRecent headlines about the U.S. economy are rosy:US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate (AP News, March 28)US economy...
Gold hits record high amid growing geopolitical tensions :: InvestMacro
By RoboForex Analytical DepartmentGold prices have soared past 2400.00 USD, reaching a new record high on Friday. This marks the fifth consecutive week of gains for the precious metal, fuelled by increasing market demand for “safe-haven” assets amid escalating...
CME fines Morgan Stanley for alleged violations of SEF rules
International derivatives marketplace CME Group has posted a notice of disciplinary action against Morgan Stanley & Co. LLC. Pursuant to an offer of settlement in which Morgan Stanley neither admitted nor denied the rule violations or factual findings upon which...
Israel has retaliated against Iran. Investors run to safe assets :: InvestMacro
By JustMarketsAt Thursday’s close, the Dow Jones Index (US30) was up 0.06%, while the S&P 500 Index (US500) decreased by 0.22%. The NASDAQ Technology Index (US100) closed positive 0.1% yesterday. A rise in T bond yields on Thursday pressured stocks. Hawkish...
TradingView expands market insights with NSE options data
In its ongoing effort to enhance traders’ research capabilities, TradingView introduces a new addition to the market data from the National Stock Exchange (NSE) of India: it now delivers options data to charts. Founded in 1992 and headquartered in Mumbai, the NSE...
NAS100 braced for more pain? :: InvestMacro
NAS100 ↓ over 4% this weekIndex set to be rocked by various forcesBig tech earnings & key US data in focusWatch out for geopolitical tensionsKey level of interest at 17,000The week ahead may present fresh trading opportunities due to top-tier data and big tech...
RBC Dominion Securities to pay $30k fine for alleged violations of Cboe rules
RBC Dominion Securities Inc has agreed to pay a fine of $30,000 for alleged violations of Cboe Futures Exchange, LLC (CFE) rules. On or about January 11, 2022, an account carried by the firm had an open position in VX futures contracts at the close of trading equal to...
CySEC imposes €360k fine on MCA Intelifunds aka FXORO
The Board of the Cyprus Securities and Exchange Commission (CySEC) wishes to inform the public that it has decided to impose a total administrative fine of €360,000 on Cyprus investment firm (CIF) MCA Intelifunds Ltd. MCA Intelifunds Ltd operates under the name FXORO....
FX liquidity test looms as North American T+1 settlement arrives
The following is a guest editorial courtesy of Stephen Totten, Managing Director – Head of Institutional and Quantitative Products at oneZero. Stephen Totten T+1 settlement for North American securities is almost here, with major implications for the FX market....
Macquarie Bank to pay $10M for failure to prevent unauthorised fee transactions
Australia’s Federal Court has ordered Macquarie Bank Ltd to pay a penalty of $10 million for failing to have effective controls to prevent and detect unauthorised fee transactions conducted by third parties, such as financial advisers, on customer cash management...
eToro adds 509 new stocks and ETFs to list of investment instruments
Online broker eToro has announced the addition of 509 new stocks and ETFs to its already extensive lineup of investment options. With these additions, the number of assets on eToro’s platform reaches nearly 6,000. Some of the latest additions include: $LLAP (Terran...
ICE registers record trading activity in Murban crude
Intercontinental Exchange, Inc. (NYSE:ICE) today announced record trading activity in Murban crude as ICE Futures Abu Dhabi (IFAD) marks its third anniversary. IFAD and ICE’s Murban futures market launched in March 2021 with the Abu Dhabi National Oil Company (ADNOC)...
Ant International to set up new digital business centre in Malaysia
Ant International, a digital payment and financial technology leader, announced that it will establish a new Digital Business Centre in Malaysia, with a focus on tapping local tech talent to drive its global businesses. Ant International will create more than 500 new...
Swissquote adds options & futures on VIX volatility index
The range of products on Swissquote’s trading platform now also includes options & futures for the popular VIX volatility index. Now, Swissquote’s clients can use market fluctuations as a source of returns. As well as the VIX, clients of Swissquote can now trade...
Renewable energy innovation isn’t just good for the climate — it’s also good for the economy :: InvestMacro
By Deborah de Lange, Toronto Metropolitan University As the climate crisis escalates, there are urgent and difficult choices that need to be made to drastically reduce our carbon emissions before more irreparable damage is done.Many have argued the energy industry...
Tastytrade signs partnership with options platform Unusual Whales
Online brokerage firm tastytrade, Inc. announced today that it has signed an exclusive partnership with options platform, Unusual Whales. Tastytrade, a subsidiary of IG US Holdings, is now the exclusive brokerage firm of Unusual Whales. This partnership will allow...
British Pound shows signs of recovery amid favourable inflation data :: InvestMacro
By RoboForex Analytical DepartmentThe British pound sterling is showing signs of recovery, bouncing back from a five-month low, with GBP/USD stabilising around the 1.2470 mark on Thursday. This rebound is attributed to the release of UK inflation data, suggesting a...
Miami International Holdings announces passing of MGEX CEO Mark Bagan
Miami International Holdings, Inc. (MIH) today announced the passing of Mark G. Bagan, Executive Vice President – U.S. Futures Strategy of MIH and Chief Executive Officer of Minneapolis Grain Exchange (MGEX). Mr. Bagan began his career at MGEX in 1987, holding various...
The US natural gas prices fell to a 2-month low. A drop in the technology sector on Wednesday had a negative impact on the broad market :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones Index (US30) decreased by 0.12%, while the S&P 500 Index (US500) was down 0.58%. The NASDAQ Technology Index (US100) closed yesterday negative 1.15%. A drop in chip company stocks negatively impacted the overall...
Aquis Exchange confirms Jonathan Clelland’s retirement from Board
Aquis Exchange PLC today confirmed Jonathan Clelland did not stand for re-election as a director, and has retired from the Board. Mr Clelland’s intentions were first announced in October 2023. Aquis Exchange commented: “We would like to thank Jonathan for his...
Cocoa, Bitcoin and USDCHF hit targets! :: InvestMacro
Cocoa “throwback” rewards bearsBitcoin bears bag 50,000 points!USDCHF secures all bearish targets Geopolitical risks, key economic data, and big bank earnings have made this an eventful week for markets.And we could see more action as anticipation mounts ahead of the...
CFI launches Options trading on its multi-asset platform
Leading online trading provider CFI has announced the launch of Options trading on its Multi-Asset platform, providing investors with expanded opportunities and additional advanced trading features. Options trading, a sophisticated form of financial trading, allows...
OTC Asia Commodities to pay $100k fine to settle ICE Futures US charges
OTC Asia Commodities PTE Ltd has agreed to pay a fine of $100,000 to settle ICE Futures U.S. charges. On April 17, 2024, a subcommittee of the Exchange’s Business Conduct Committee (BCC) determined that in numerous instances from May 2022 and August 2022 (Relevant...
HKEX develops Orion Derivatives Platform
Hong Kong Exchanges and Clearing Limited (HKEX) announced today the development of the Orion Derivatives Platform (ODP), offering enhanced trading, clearing and risk management capabilities. This new platform, being developed in-house by HKEX’s technology teams with...
eToro adds 11 cryptoassets to list of investment instruments
Online broker eToro has added 11 cryptoassets to its growing list of investment instruments. This brings the total of cryptos available to trade on eToro to 100. The latest additions include: $IOTX – IoTeX: A blockchain network tailored for IoT, IoTeX prioritizes...
Binance FZE secures Virtual Asset Service Provider license in Dubai
Binance FZE, Binance’s Dubai subsidiary, has received a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). Following the initial issuance of the Minimum Viable Product (MVP) license, this marks a significant...
oneZero partners with New Change FX to boost client trading performance
oneZero, a global leader in multi-asset enterprise trading technology solutions, has announced the integration of New Change FX benchmark data feeds into oneZero’s suite of analytics in Data Source. The addition of this new stream of high quality, independent FX...
HKEX appoints Lilian Cheng as Group Chief Compliance Officer
Hong Kong Exchanges and Clearing Limited (HKEX) announced today the appointment of Ms Lilian Cheng as Group Chief Compliance Officer. Ms Cheng joins the Group on 1 May 2024 and succeeds Adam Singer, who will be leaving HKEX in May 2024 to explore opportunities outside...
Interactive Brokers registers rise in revenue in Q1 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has reported its results for the quarter ended March 31, 2024. Reported diluted earnings per share were $1.61 for the first quarter of 2024 and $1.64 as adjusted. For the year-ago quarter, reported...
Brent crude prices dip amid concerns over global demand :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil prices decreased slightly on Wednesday, falling to 89.50 USD per barrel. The decline is primarily attributed to concerns over global oil demand, particularly given the economic indicators coming out of China, the...
MetroTrade secures NFA membership and CFTC registration as introducing broker
MetroTrade LLC announced today that it is now registered with the Commodities Futures Trading Commission (CFTC) as an introducing broker and is a member of the National Futures Organization (NFA). The company is gearing up to offer access to the CME Group’s U.S....
Indices decline amid hawkish comments from the Fed. Investors are waiting for Israel’s answer :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones Index (US30) added 0.17%, while the S&P 500 Index (US500) was down 0.21%. The NASDAQ Technology Index (US100) closed negative 0.12% yesterday. The Fed’s hawkish comments on Tuesday pushed 10-year T-note yields to...
CME Group fines, suspends trader for violating disruptive practices prohibition
International derivatives marketplace CME Group has taken disciplinary action against Brian Sherman. Pursuant to an offer of settlement in which Brian Sherman neither admitted nor denied the rule violations or factual findings upon which the penalty is based, a Panel...
Slams into support on hot UK inflation :: InvestMacro
By ForexTime Pound boosted by sticky CPI dataEURGBP drops over 20 pipsEurozone CPI match initial estimatesWatch out for BoE Bailey’s speechKey levels at 50-day SMA, 0.8530 & 0.8505EURGBP was injected with fresh volatility on Wednesday after UK inflation fell less...
Sumitomo Mitsui Trust Asset Management adopts DTCC’s ITP services
DTCC today announced that Sumitomo Mitsui Trust Asset Management is leveraging DTCC’s Institutional Trade Processing (ITP) suite of services to accelerate trade processing as the industry sets its sights on the U.S. move to a T+1 settlement cycle on May 28, 2024....
Equals continues strategic review, keeps up talks with MDP, Railsr and TowerBrook
Equals Group plc (LON:EQLS) today issued an update regarding its strategic review. On 1 November 2023 the Board of Equals announced that it is conducting a review of the company’s strategic options and that as part of this process, the company has contacted a limited...
Saxo Bank hiring investment bankers to explore sale
Reuters is reporting that Copenhagen based Retail FX and CFDs broker Saxo Bank has invited investment banks to pitch for a role in helping to sell the company. It is expected that a sale process will begin later this year, depending on overall market (and company)...
Vantage Markets launches “The Vantage Markets Podcast” on Spotify
Vantage Markets today introduced The Vantage Markets Podcast, the latest extension of Vantage Academy, designed to support traders from novice to expert levels. Now available on Spotify, this podcast is hosted by Vantage Markets’ Global Market Analyst Jamie Dutta and...
Clearstream to make investment in Digital Vault Services
Clearstream, Deutsche Börse’s post-trade business, intends to make an investment in Digital Vault Services (DVS), a pioneering fintech offering issuance and safekeeping services for digital bank guarantees and sureties in Europe. The investment is subject to...
Flow Traders to pay $50k fine for alleged violations of FINRA rules
Flow Traders U.S. LLC has agreed to pay a fine of $50,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From at least August 2019 through April 2023, Flow Traders failed to establish, document, and maintain financial risk...
eToro introduces non-US stock proxy voting
Online broker eToro announces the expansion of its proxy voting services to include non-US stocks, bringing more power to its clients’ investment decisions. After witnessing strong user engagement, the company has decided to make proxy voting available for all stocks...
NZD hits five-month low against strong US dollar :: InvestMacro
By RoboForex Analytical DepartmentThe New Zealand dollar has plummeted to a five-month low, with the NZD/USD pair touching the 0.5890 mark. This decline was triggered by the release of robust American retail sales data, which raised concerns that the Federal Reserve...
Rakuten Securities reports over 11M general securities customer accounts
Rakuten Securities, Inc. today announced that its general securities accounts have surpassed 11 million. The milestone signifies the fastest increase in new accounts since the company’s founding, with 1 million accounts opened since reaching the 10 million mark around...
Stock indices sell-off amid rising geopolitical tensions in the Middle East. China’s GDP grew the most in a year :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones (US30) Index decreased by 0.65%, while the S&P 500 (US500) Index was down 1.20%. The NASDAQ Technology Index (US100) closed yesterday negative at 1.79%. The US dollar initially declined on Monday amid lower liquidity...
Public to acquire TradeApp investment accounts from Stocktwits
Investing platform Public announces that it has signed a definitive agreement to acquire the TradeApp investment accounts from Stocktwits. Stocktwits will continue focusing on its community and real-time discussions around earnings and cryptocurrency offerings. Once...
Stock markets signal a growing gap between Canadian and American clean tech firms :: InvestMacro
By Yrjo Koskinen, University of Calgary; J. Ari Pandes, University of Calgary, and Nga Nguyen, Université du Québec à Montréal (UQAM) Canada is one of the largest oil and gas producing nations in the world, and the oil and gas sector is its most important export...
Bank of America registers 6% Y/Y drop in FICC revenue in Q1 2024
Bank of America reported its first-quarter 2024 financial results today. The Global Markets segment saw net income of $1.7 billion. Excluding net DVA, net income was $1.8 billion in the first three months of 2024. Global Markets revenue for the first quarter of 2024...
New FXTM commodity hits all-time high! :: InvestMacro
FXTM launches 10 new commoditiesCocoa hits fresh record highBiggest gainer YTD in FXTM’s commodity universePrices up over 150% since the start of 2024Firmly bullish on H4/H1 timeframeThis week, FXTM launched 10 new commodities!This now brings FXTM’s tally to 13...
Exclusive: Former Admirals CEO Victor Gherbovet launches white label solutions provider FirstByt
FNG Exclusive… FNG has learned that Victor Gherbovet has launched a new SaaS solutions platform company serving both Brokerages and Exchanges, called FirstByt (website firstbyt.com). The newly launched company provides end-to-end solutions, ranging from white label...
FP Markets adds Brent Oil, Cotton and Sugar futures to commodities lineup
Retail FX and CFD broker FP Markets is expanding its commodity offering. The move allows traders and investors at FP Markets to not only capitalise on new opportunities in the commodities sector but it also broadens the options available for portfolio diversification....
CySEC withdraws license of Forex broker AAA Trade
The Cyprus Securities and Exchange Commission (CySEC) has decided to withdraw the Cyprus investment firm (CIF) authorisation of Forex broker AAA Trade. The decision was announced today but was made at a CySEC meeting held on March 4, 2024. The move is pursuant to...
Cypriot regulator withdraws CIF license of Stockstech Investments
The Cyprus Securities and Exchange Commission (CySEC) has decided to withdraw the Cyprus investment firm (CIF) license of Stockstech Investments Ltd. The decision, which was announced by the regulator today, was made at a CySEC meeting held on April 8, 2024. It was...
Options appoints James Hardcastle as VP Head of Sales, APAC
Options Technology today announced the appointment of James Hardcastle as Vice President, Head of Sales, Asia Pacific (APAC). With over 25 years of experience in the capital markets industry, Mr Hardcastle brings a wealth of expertise to his new role, where he will be...
CFI Announces Pioneering Simultaneous Regional Seminar Roadshow
In an unparalleled demonstration of organizational expertise and commitment to financial empowerment, CFI, the region’s leading online trading broker, announced a pioneering initiative that sets a new standard in the industry. From April 23rd to April 30th, CFI will...
CySEC extends further FTX license suspension
The Cyprus Securities and Exchange Commission (CySEC) announces that the suspension of the authorisation of the Cyprus Investment Firm FTX (EU) Ltd is extended until September 30, 2024. This way, the company will be allowed to proceed with the necessary actions in...
Euronext launches Mid-Point Match offering dark, mid-point and sweep functionalities
Pan-European financial markets and exchange operator provider Euronext has announced the successful launch of Euronext Mid-Point Match, its advanced suite of dark, mid-point and sweep functionalities embedded within Euronext’s Central Order Book. These enhancements...
Eurex to introduce Delta Neutral TAM trades in T7 Entry Services
The Management Board of Eurex Deutschland has decided to introduce a new T7 Entry Services (TES) type, Delta Neutral TAM (Trade at Market) trades (“Delta TAM”) for Index Total Return Futures (TRF). This will support delta neutral strategies entered into the T7 trading...
SEC obtains judgment against Infinity Q’s former senior officer
The Securities and Exchange Commission (SEC) has obtained a final judgment against defendant Scott Lindell, whom the SEC previously charged with misconduct concerning a more than $1 billion overvaluation scheme. Lindell is a former senior officer of SEC-registered...
Clearstream, Euroclear launch electronic Global Notes to streamline primary market issuance process
Clearstream and Euroclear will offer the issuer community the option to electronically issue, sign, authenticate and hold some securities under the New Safekeeping Structure (NSS), known as electronic Global Notes (e-GN). This information is aimed at all market...
ATFX hires FXCM exec Siju Daniel as Chief Commercial Officer
Leading Retail FX and CFDs broker ATFX has announced the appointment of Siju Daniel as the company’s new Chief Commercial Officer. Siju Daniel brings a wealth of experience and expertise in the financial services industry, having spent over 20 years in executive...
US dollar exhibits remarkable strength amid global tensions :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair has experienced a notable decline, currently stabilising around 1.0648. Last week, the pair recorded its most significant weekly gain since 2022, fuelled by the anticipation of persistently high interest rates in the...
Marex Group launches its IPO
Marex Group plc, a diversified global financial services platform, today announces that it has launched the initial public offering (IPO) of its ordinary shares. A total of 15,384,615 ordinary shares are being offered, 25% of which are being offered by Marex and 75%...
Escalating conflict in the Middle East is forcing investors to shift funds to safe assets :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) was down 1.24% (for the week -2.40%), while the S&P 500 (US500) decreased by 1.46% (for the week -1.69%). The NASDAQ Technology Index (US100) closed Friday negative 1.62% (for the week -0.68%). Stock indices declined...
Webull Canada launches its desktop platform
Digital investment platform Webull Canada today announced the launch of its desktop platform. This desktop version provides users the ability to have customizable multi-screens and rearrange widgets, allowing traders to analyze trends, decipher market data and make...
Bitcoin Halving vs. Geopolitical Fears :: InvestMacro
Big week for “OG” cryptoHalving event looms largeWatch out for geopolitical tensionsPrices under pressure on D1 chartKey levels at $61500, $65000 and $68000In case you missed the memo, Bitcoin’s halving is almost here! This is a significant event that reduces the...
Equinix and PGIM Real Estate to set up $600M JV for first xScale data center in the U.S.
Digital infrastructure company Equinix, Inc. (NASDAQ:EQIX) and PGIM Real Estate, the real estate investment and financing arm of PGIM, Prudential Financial’s global asset management business, today announced the entry into a $600 million joint venture to develop and...
OSL to act as exchange and sub-custodian partner for China AMC’s Spot BTC/ETH ETF launch in HK
OSL Digital Securities, a core entity of OSL Group, has been chosen as the first virtual asset trading and sub-custodian partner by China Asset Management (Hong Kong), a leading asset management company in Hong Kong, facilitating the approval in principle and launch...
Katina Messinis leaves Exinity for UAE Sales Director role at GCEX
GC Exchange FZE (GCEX), the UAE-licensed arm of digital assets prime brokerage GCEX Group, has appointed Katina Messinis as Sales Director for the UAE region. She will be based in Dubai for GCEX. Katina Messinis joins GCEX from Exinity, where she was VP of Global...
SEC bars CryptoFX salesperson – FX News Group
The Securities and Exchange Commission (SEC) has instituted public administrative proceedings against Luis F. Serrano. Between January and October 2022, Serrano solicited investors to invest in crypto asset securities in the form of Venture Agreements for CryptoFX,...
Swissquote mobile app offers enhanced two-factor authentication
Swissquote has updated its mobile app for iOS-based devices, with the solution offering enhanced two-factor authentication. Users of the mobile app can benefit from: Swifter and more secure two-factor authentication for their debit card via Mobile Level 3, instead of...
ASIC names Greg Yanco as Interim CEO, replacing Warren Day
Australia financial regulator the Australian Securities and Investments Commission (ASIC) has announced a number of changes to its senior executive leadership team – including its CEO. ASIC Chief Executive Officer ASIC Chair Joe Longo has accepted a request from the...
CME fines, suspends trader for alleged CBOT rule violations
International derivatives marketplace CME Group has posted a notice of disciplinary action against Eng Boon Kian. Pursuant to an offer of settlement in which Kian neither admitted nor denied the rule violation or factual findings upon which the penalty is based, a...
Speculators push Japanese Yen bearish bets to highest since 2007 :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday April 9th and shows a quick view of how large market...
Weekly Speculator Bets led by VIX & S&P500-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 April 9th and shows a quick view of how large traders...
Speculator Bets led by Soybean Meal & Lean Hogs :: 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 April 9th and shows a quick view of how large traders...
FX week in review: Barça (and LaLiga) sponsors, XM and eToro warnings, OANDA analyst leaves, Prospero Markets shut
FX and CFD industry news this week was a very mixed bag of sports sponsorships, regulator warnings, executive moves, and even bankruptcy proceedings involving what was once one of the more popular Australia based brokers among Chinese CFD traders. Which Retail FX and...
Speculator Bets led by 10-Year & 5-Year Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday April 9th and shows a quick view of how large traders...
Speculator bets led higher 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 April 9th and shows a quick view of how large traders...
Silver, Peso & Coffee lead Bullish 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 April 9th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
CME Group permanently suspends trader for alleged rule violations
International derivatives marketplace CME Group has permanently suspended Naufal Sanaullah, pursuant to an offer of settlement in which Sanaullah neither admitted nor denied any rule violations or factual findings. A Panel of the CME Business Conduct Committee found...
Barclays Capital agrees to pay $700k fine for alleged violations of FINRA rules
Barclays Capital Inc has agreed to pay a fine of $700,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). Under FINRA rules relating to research analyst conflicts of interest, a firm must have policies and procedures prohibiting an...
The backlash against diversity, equity and inclusion in business is in full force − but myths obscure the real value of DEI :: InvestMacro
By Adia Harvey Wingfield, Arts & Sciences at Washington University in St. Louis Few ideas in business are as misunderstood as DEI.While opposition to DEI – diversity, equity and inclusion – has a long history, it has picked up steam recently.In 2023, when Silicon...
Citi registers 25% Y/Y drop in Markets net income in Q1 2024
Citigroup Inc. (NYSE:C) today posted its financial report for the first quarter of 2024. Citi reported Markets revenues of $5.4 billion, down 7% from a year earlier. The decline reflects lower Fixed Income revenues, partially offset by growth in Equity revenues....
Australian dollar struggles amid robust US economic data :: InvestMacro
By RoboForex Analytical DepartmentThe AUD/USD pair remains under pressure, hovering around 0.6528 on Friday. Earlier this week, the Australian dollar faced significant challenges, with a sharp decline against the USD. Efforts to stabilise the exchange rate have seen...
Philip Slavin to step down as CEO of Euroclear’s Taskize
Taskize, a provider of inter-company workflow to the financial services industry, has today announced that its CEO, Philip Slavin has decided to step down. James Pike, currently Head of Business Development has been appointed as the interim CEO to provide continuity...
Singapore’s central bank (MAS) maintained its monetary policy settings. The ECB hinted at a rate cut soon :: InvestMacro
By JustMarkets At the end of the trading day, the Dow Jones Index (US30) was down 0.01%, while the S&P 500 Index (US500) was up 0.74%. The NASDAQ Technology Index (US100) closed positive at 1.68% yesterday. Strength in technology stocks led the overall market...
SEC brings charges against five investment advisers for Marketing Rule violations
The Securities and Exchange Commission (SEC) today announced settled charges against five registered investment advisers for Marketing Rule violations. All five firms have agreed to settle the SEC’s charges and to pay $200,000 in combined penalties. The five advisory...
Time for stock index “slowpokes” to catch up? :: InvestMacro
By ForexTime UK100 now less than 0.2% away from all-time peak!3 stock index “laggards” could find reasons to catch up next weekMONDAY: US30 (+2% ytd) needs a boost from Goldman Sachs earningsTUESDAY: CN50 (+3.6% ytd) bulls require rosier Chinese economic...
ASIC secures Court orders appointing receivers over digital currency assets of NGS companies
The Australian Securities and Investments Commission (ASIC) has commenced civil proceedings against blockchain mining companies NGS Crypto Pty Ltd, NGS Digital Pty Ltd and NGS Group Ltd (NGS Companies) and the sole directors of those respective companies, Brett...
TradingView introduces Time Price Opportunity chart type
TradingView is introducing the Time Price Opportunity chart type. Just like the indicator, this chart helps traders study the dynamics of price changes over a certain period and determine the price levels with maximum and minimum activity. On the TPO chart, traders...
Italy’s CONSOB orders blocking of access to seven unauthorized investment websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of seven new websites that offer financial services illegally. In issuing the orders, the Authority availed itself of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law no....
HK regulator warns public of TCAME and BitCloud
Hong Kong’s Securities and Futures Commission (SFC) today warned the public of entities operating under the names of “TCAME” and “BitCloud”. The entities are suspected of engaging in virtual asset-related fraudulent activities and falsely claiming to be licensed or...
Exclusive: Former eToro Deputy CEO Shalom Berkovitz leaves UK board
FNG Exclusive… FNG has learned that Shalom Berkovitz has stepped down as a director at eToro (UK) Limited, the FCA regulated arm of Israel-based social trading focused broker eToro, severing his ties with the company. Shalom Berkovitz spent seven years as a senior...
UBS Securities fined for alleged violations of Cboe Futures Exchange rules
Pursuant to the provisions of Cboe Futures Exchange, LLC (CFE) Rule 703, UBS Securities LLC has submitted Letter of Consent for the purpose of proposing a settlement of alleged rule violations. On or about January 26, 2023, UBS Securities’ personnel entered an order...
Axi extends partnership with Brazilian football club, Esporte Clube Bahia
Following its sponsorship announcement with Brazilian Serie A side Esporte Clube Bahia in 2023, retail Forex and CFD broker Axi has announced an extension to their collaboration for the 2024 season. Founded in 1931, Bahia plays in the Campeonato Brasileiro Série A,...
INFINOX sees 17% surge in credit transaction approvals with Praxis Tech
INFINOX, a leading online trading provider, has announced what it calls a game-changing 17% surge in credit transaction approvals, accompanied by an even stronger 26% increase across Southeast Asia alone. This increase, a result of a strategic collaboration, continues...
Broadridge appoints Hope Jarkowski as its Chief Legal Officer
Broadridge Financial Solutions, Inc. (NYSE:BR) announces that Hope Jarkowski has been appointed Chief Legal Officer, effective May 6, 2024. Jarkowski succeeds Keir Gumbs, who served as Chief Legal Officer until November 2023. Jarkowski will oversee Broadridge’s legal,...
Schwab launches futures, forex and portfolio margin on thinkorswim
Charles Schwab today announced the launch of futures and forex trading, as well as portfolio margin, on its thinkorswim platform suite, part of Schwab’s overall trading offer, Schwab Trading Powered by Ameritrade. The introduction of these sophisticated capabilities...
Interactive Brokers introduces High Touch Prime Brokerage and Global Outsourced Trading
Electronic trading major Interactive Brokers (NASDAQ:IBKR) today introduced High Touch Prime Brokerage and Global Outsourced Trading, exclusive new services to help select US hedge funds manage and grow their businesses. Interactive Brokers caters to active traders...
Coinbase Derivatives launches Bitcoin Cash and Litecoin futures contracts
Coinbase Derivatives has become the first CFTC-regulated exchange to offer margined Bitcoin Cash and Litecoin futures contracts, which launched earlier this month and are performing well. Bitcoin Cash and Litecoin contracts launched on April 1, with Dogecoin futures...
NFA orders 50.ai Investments not to reapply for membership
National Futures Association (NFA) has ordered 50.ai Investments LLC, a former NFA Member commodity pool operator and Forex firm located in Princeton, N.J., not to reapply for membership or act as a principal of an NFA Member at any time in the future. The Decision,...
US Dollar strengthens following high inflation data :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair has experienced a significant decline, stabilising around 1.0745 by Thursday. This movement follows the US releasing inflation data that exceeded expectations, underscoring the ongoing battle against inflation. The...
Nuvei launches Invoice Financing services
Canadian fintech company Nuvei Corporation (TSX:NVEI) today announced the launch of its new Invoice Financing services that have been integrated into several leading enterprise resource planning (ERP) platforms, including Sage and Acumatica. This new service enables...
The Bank of Canada maintained its monetary policy settings. The FOMC minutes showed that policymakers will not be in a hurry to cut rates :: InvestMacro
By JustMarketsAt the end of the trading day, the Dow Jones Index (US30) was down 1.09%, while the S&P 500 Index (US500) lost 0.95%. The NASDAQ Technology Index (US100) closed yesterday negative 0.84%. A sharp rise in bond yields pressured equities yesterday after...
ICE registers record OI across its global natural gas markets
Intercontinental Exchange, Inc. (NYSE:ICE) today announced record open interest (OI) across its global natural gas futures and options markets as well as record trading activity in global natural gas options. On March 22, 2024, ICE’s global natural gas futures and...
Bitcoin, US400, RUS2000, and EURGBP :: InvestMacro
By ForexTime Bitcoin still climbing this CPI week; up over 2%/$1,600 since SundayUS400 and RUS2000 stock indices showed larger-CPI reactions, as predictedFXTM Trading Signals: EURGBP reaches all 4 Targets The monthly US CPI release has come and gone.The...
Philippines SEC issues warnings against CFDs brokers eToro and XM
The Philippines financial regulator Securities and Exchange Commission (SEC) has issued two advisories this month, warning traders against two Retail FX and CFDs brokers, eToro and XM. The SEC stated that each of eToro and XM have launched promotional campaigns on...
Brain scans of Philly jazz musicians reveal secrets to reaching creative flow :: InvestMacro
By John Kounios, Drexel University and Yvette Kounios, Widener University Flow, or being “in the zone,” is a state of amped-up creativity, enhanced productivity and blissful consciousness that, some psychologists believe, is also the secret to happiness. It’s...
Liquidnet registers record volume and participation for New Issue Trading in Q1 2024
Liquidnet, a leading technology-driven agency execution specialist, today announced record trading volumes through its New Issue Trading (NIT) protocol and a record number of users trading fixed income primary markets electronically in Q1 2024. Liquidnet’s electronic...
Setting Near-Term Price Targets :: InvestMacro
This was our “initial upside target” — which has now been exceeded. What’s next? By Elliott Wave InternationalAround the first week of the year, the outlook for gold was not looking promising, at least according to this Jan. 5 headline (Reuters):Gold set for weekly...
FCA outlines findings against Link Fund Solutions
Link Fund Solutions (LFS) failed to act with due skill, care and diligence in its management of the Woodford Equity Income Fund (WEIF), according to findings published today by the UK Financial Conduct Authority (FCA). The FCA found that between 31 July 2018 and the...
what the next CEO needs to do to ensure quality and turn things around :: InvestMacro
By Bart MacCarthy, University of Nottingham The woes of Boeing show no sign of abating. CEO Dave Calhoun has announced he will step down at the end of the year. Board chair, Larry Kellner and the firm’s head of commercial planes, Stan Deal, are also quitting the...
NinjaTrader’s latest release comes equipped with Order Flow + VWAP Drawing Tool
NinjaTrader Version 8.1.3.0 has become available for download. The latest version of the platform comes equipped with a range of new features and fixes. Order Flow + VWAP Drawing Tool The Order Flow + VWAP drawing tool enables the ability to plot a VWAP for the...
EUR/USD holds steady ahead of key economic updates :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair is maintaining a neutral stance, trading around 1.0851 on Wednesday, as the market anticipates crucial updates, including the US inflation data for March and the outcome of the European Central Bank (ECB) meeting on...
Saxo Bank unveils platform enhancements
Multi-asset investment specialist Saxo Bank is planning a raft of platform enhancements, aimed at improving end-client experience. In mid-April, Saxo will release an enhancement that indicates via a symbol if a product is non-tradable, and an explanation of why it’s...
NZD is G10’s best-performer so far today. But will it last? :: InvestMacro
By ForexTimeMarkets boosted the “kiwi” after “hawkish” RBNZ signalsMore action expected with US CPI, FOMC minutes to be releasedSofter US inflation may boost NZDUSD by further 700 pointsStill-elevated CPI may force NZDUSD to fall by some 200-400 points The Kiwi is...
Vinanz secures US DTC eligibility
Bitcoin mining company Vinanz Limited has received The Depository Trust Company (DTC) full-service eligibility in the United States, making the company’s shares more accessible to U.S. retail and institutional investors. The shares of the company, trading under the...
The RBNZ kept the interest rate at 5.5%. Intel plans to compete with Nvidia in AI chips :: InvestMacro
By JustMarketsAt the end of the trading day, the Dow Jones Index (US30) was down 0.02%, while the S&P 500 Index (US500) added 0.14%. The NASDAQ Technology Index (US100) closed positive 0.32% yesterday. Tuesday afternoon saw the emergence of short positions amid...
DTCC partners with REGnosys to support ISDA digital regulatory reporting
Post-trade market infrastructure for the global financial services industry DTCC is working with REGnosys to support industry adoption of the ISDA Digital Regulatory Reporting (DRR) solution and aid compliance with forthcoming global derivatives trade reporting...
FCA proposes new way of paying for investment research
UK financial regulator The FCA has put forward plans for a new way to pay for investment research. Analysis by the FCA shows that asset managers are largely getting the research they need under the current rules. However, the current options available to UK asset...
CoinShares resolves on dividend distribution of £9.25M for FY2023
CoinShares International Limited, a European investment company specialising in digital assets, has resolved on dividend distribution of £9.25 million for financial year 2023. The company has previously indicated a distribution to shareholders would be considered...
ASIC appeals Federal Court decision in Finder Wallet case
The Australian Securities and Investments Commission (ASIC) has appealed the Federal Court’s decision to dismiss ASIC’s proceedings against Finder Wallet Pty Ltd for allegedly providing unlicensed financial services, breaching product disclosure requirements and...
Diment obtains initial approval from Dubai’s VARA
Diment VA Exchange Services DMCC has announced its initial approval from the Virtual Asset Regulatory Authority of Dubai – VARA. This initial approval marks a significant milestone for Diment, setting the stage for future regional growth and development in the crypto...
Exclusive: OANDA Senior Market Analyst Craig Erlam departs
FNG Exclusive… FNG has learned that longtime OANDA Senior Market Analyst Craig Erlam has left the company. We understand that Mr. Erlam’s departure is part of an overall series of cost cutting moves at OANDA. Craig Erlam, who is based in London, had been in his role...
Jump Trading joins TASE as remote member
TASE announces that Jump Trading has begun operating on the Exchange as a new remote member. Jump Trading is a leading international algo trading firm in Europe and a market maker and liquidity provider in major international exchanges. Jump Trading is the third...
CME Group reports over 100,000 Micro U.S. Treasury futures contracts traded
International derivatives marketplace CME Group today announced that trading in its new Micro U.S. Treasury futures has surpassed 100,000 contracts since launching two weeks ago on March 25. “As the world’s most liquid market for U.S. Treasury futures, CME Group is...
Nuvei obtains MPI license in Singapore
Canadian fintech company Nuvei Corporation (TSX:NVEI) today announced that its Singapore entity, Nuvei Singapore Pte Ltd, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore. This new license enables Nuvei to operate three...
Exclusive: Louay Amhaz discusses his new liquidity firm LP Prime
FNG Exclusive Interview… Following our exclusive report from last month that former oneZero and PrimeXM executive Louay Amhaz was behind a new institutional FX and CFD liquidity firm called LP Prime, we’re pleased to speak today with Louay about his new venture. What...
IG North America announces new tastytrade office space in Chicago
IG US Holdings, Inc. (“IG North America”) today announced its new headquarters in the Fulton Market district in downtown Chicago. Its new office space of 35,000 square feet is home to tastytrade, the online brokerage firm created by traders to give self-directed...
Miami International Holdings announces appointment of Troy Kane as President of MGEX
Miami International Holdings, Inc. (MIH) today announced Troy Kane has joined the company as President of Minneapolis Grain Exchange (MGEX) where he will be responsible for day-to-day operations of the exchange. Troy Kane Mr. Kane has also been appointed CEO of MIAX...
Yen weakens amid intervention concerns and interest rate differentials :: InvestMacro
By RoboForex Analytical DepartmentThe Japanese yen is experiencing a notable decline against the US dollar, with the USD/JPY pair currently hovering around 151.88 on Tuesday. Despite the US dollar’s instability, driven primarily by fluctuations in Treasury bond...
CLS issues update on potential change to CLSSettlement timelines
CLS has issued an update on the potential change to CLSSettlement timelines following the move to T+1 securities settlement. CLS will not make any operational changes to CLSSettlement ahead of the expected T+1 implementation date of May 2024. While CLS will not move...
Israel and Hamas have not reached an agreement. Markets await US consumer price report :: InvestMacro
By JustMarketsStock indices closed slightly lower on Monday as the yields on 10-year T-notes rose to a 4-month-high. At the end of the trading day, the Dow Jones Index (US30) was down 0.03%, while the S&P 500 Index (US500) decreased by 0.04%. The NASDAQ Technology...
Australian Court sides with ACCC in proceedings against Master Wealth Control
The Federal Court today found that Master Wealth Control Pty Ltd, trading as DG Institute breached the Australian Consumer Law, and that its sole Director Dominque Grubisa was knowingly concerned in the contraventions, in proceedings brought by the ACCC. DG Institute...
HSBC to sell its business in Argentina for $550M
HSBC Latin America B.V., a wholly owned subsidiary of HSBC Holdings plc, has entered into a binding agreement to sell its business in Argentina to Grupo Financiero Galicia. Galicia will acquire all of HSBC Argentina’s business covering banking, asset management and...
X-Change Financial Access gets a slap on the wrist for alleged Cboe rules violations
X-Change Financial Access, LLC has agreed to pay a fine of $12,500 as part of a settlement with Cboe Exchange, Inc. The firm neither admitted nor denied that violations of Exchange Rules have been committed. During the Review Period, the firm failed to report 32...
Interactive Brokers enhances screeners in IBKR Desktop platform
Electronic trading major Interactive Brokers continues to expand the capabilities of the recently launched IBKR Desktop platform. Version 0.08 of IBKR Desktop includes a raft of enhancements. MultiSort Screeners enable users to find and sort data using multiple...
Crypto.com Exchange for institutions launches after Dubai VARA license approval
Digital assets trading platform Crypto.com has announced that its Dubai entity, CRO DAX Middle East FZE, has received full operational approval from Dubai’s Virtual Assets Regulatory Authority (VARA) and is launching the Crypto.com Exchange for institutional investors...
Tools for Brokers expands multiplatform liquidity bridge support with DXtrade
Broker tech provider Tools for Brokers (TFB) and trading platform company Devexperts have announced a new integration partnership. TFB will add Devexperts’ trading platform, DXtrade, to its multiplatform liquidity bridge – Trade Processor. With this partnership,...
Exclusive: ATFX hires Gary Fragoso as Growth Manager LATAM
FNG Exclusive… FNG has learned that leading Retail FX and CFDs broker ATFX is continuing to staff up in Latin America, hiring Gary Fragoso as the company’s new Growth Manager LATAM. Gary Fragoso joins ATFX from outside the FX and CFDs industry. Based in Mexico City,...
SquaredFinancial introduces enhanced partnership schemes
Fintech firm SquaredFinancial today announced its enhanced partnership schemes aimed at driving incremental growth and value and fostering expansion opportunities for partners. As the company continues to advance in its next phase of growth and expansion into new...
Broadridge appoints Frank Troise as President of its Trading and Connectivity Solutions business
Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the appointment of Frank Troise as President of Broadridge Trading & Connectivity Solutions and Vice Chairman of Broadridge Capital Markets. His appointment is effective April 29,...
Gold hits new record high amid favourable factors :: InvestMacro
By RoboForex Analytical DepartmentGold’s price soared to a new record high on Monday, stabilising around 2344.00 USD per troy ounce. A confluence of factors is currently bolstering the precious metal’s value.Geopolitical tensions in the Middle East are a significant...
eToro introduces Emerging Nations smart portfolio
Online broker eToro is introducing the Emerging Nations smart portfolio – the traders’ gateway to vibrant emerging markets from Latin America, Africa, Eastern Europe, and Southeast Asia (excluding China). These markets are renowned for their rapid industrialization,...
Cryptos to rise again this CPI week? :: InvestMacro
By ForexTime Bitcoin back to within 2% of record high!All 11 FXTM Crypto CFDs climbing in tandem with BitcoinCryptos often rise the same week that US inflation data is releasedCryptos’ weekly advance is tampered with 2 days of declinesSolana offered “strongest hedge”...
David Fineberg, Albert Soleiman acquire shares in CMC Markets under incentive plan
CMC Markets Plc (LON:CMCX), a global provider of online trading and platform technology, today announced transactions in its shares by members of its top management. David John Fineberg, deputy CEO of CMC Markets, and Albert Soleiman, CFO of the broker, acquired...
Israel withdraws troops from the southern Gaza Strip. Canada’s labor market remains resilient :: InvestMacro
By JustMarketsStock indices rose Friday on optimism that growth in the US economy will continue to drive consumer spending and corporate profits. Stocks rose even after a stronger-than-expected US payrolls report released Friday raised the likelihood of a longer-term...
Exness targets LaTam expansion with LaLiga regional partner deal
Exness, one of the world’s largest online brokers, has announced a new agreement as the Official Regional Partner of Spanish football league LaLiga in Latin America. Home to legendary clubs like Real Madrid, Barcelona FC, and Atletico Madrid, LaLiga unites hundreds of...
Nomura names David Seif its Chief Economist for Developed Markets
Nomura today announced the appointment of David Seif as Chief Economist for Developed Markets. “David’s appointment underscores Nomura’s commitment to produce cutting-edge macro research, and his past 15 years of experience working at major hedge funds will help...
LCH SA secures regulatory approval to clear Bitcoin index derivatives
LCH SA today announced it has duly received the required regulatory approval from the French national competent authorities (ACPR, Banque de France and AMF) and European supervisory authorities (EMIR College, ESMA) to clear cash-settled Bitcoin index futures and...
Tradeweb to acquire Institutional Cash Distributors for $785M
Tradeweb Markets Inc. (NASDAQ:TW), a global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has entered into a definitive agreement to acquire Institutional Cash Distributors, LLC (ICD), an institutional investment...
HK SFC warns public of suspicious investment products offered by ProCap International
The Securities and Futures Commission (SFC) of Hong Kong today warned the public of suspicious investment products involving policies and gaming packages offered and marketed by ProCap International and its related entities. ProCap claimed on its website...
Crédit Agricole and Worldline unveil CAWL, new payment services brand for merchants in France
Crédit Agricole and Worldline today unveiled CAWL, the name of their joint venture, with a strategy focused on combining service and proximity to provide merchants with payment services tailored to the unique needs of their sectors. CAWL, the new payment services...
UBS SuMi to acquire Credit Suisse’s wealth management business in Japan
UBS and Sumitomo Mitsui Trust Holdings, Inc. (SuMi TRUST Holdings) announced today that their wealth management joint venture, UBS SuMi TRUST Wealth Management Co., Ltd. (UBS SuMi), will acquire Credit Suisse’s wealth management business in Japan. Following the...
Clearstream facilitates automated settlement for Baltic sovereign debt trades on Nasdaq Baltic exchanges
Sovereign debt instruments issued by the Baltic governments, registered with Nasdaq CSD and listed on the Nasdaq Baltic exchanges are now eligible for settlement in Clearstream. This initiative is the result of a joint effort between Clearstream, Nasdaq Baltic...
FX week in review: Capital.com strategy shift, Admirals onboarding halt, Wahed CEO
Where did Capital.com receive a new regulatory license, and go on a hiring spree, just weeks after halting the onboarding of clients in its home UK market? Why did Admirals say it was stopping to onboard clients throughout the EU? Who is the new CEO of online Halal...
Speculator Bets led by Sugar & Coffee :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday April 2nd and shows a quick view of how large traders...
Silver, Gasoline & Peso 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 April 2nd.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Speculators drop Swiss Franc bets for 9th week to most bearish since 2019 :: 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 April 2nd and shows a quick view of how large market...
Speculator Bets led by Fed Funds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday April 2nd and shows a quick view of how large traders...
Speculator Bets led by Gold, Silver & Platinum :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday April 2nd and shows a quick view of how large traders...
Speculator Bets led by S&P500-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 April 2nd and shows a quick view of how large traders...
Jefferies provides details on acquisition of Stratos fka FXCM
Jefferies Financial Group has provided details on its acquisition of Stratos formerly known as FXCM. During the fourth quarter of 2023, Jefferies acquired Stratos Group International (formerly FXCM Group, LLC, or “FXCM”). Jefferies has historically held a 49.9% voting...
Volkswagen financing subsidiary to pay $34.35M in disgorgement to settle SEC charges
The Securities and Exchange Commission (SEC) has obtained final judgment by consent against defendant Volkswagen Group of America Finance, LLC (VWGOAF), which the SEC had charged in 2019 with making false and misleading statements in connection with its 2014 and 2015...
AUD takes a pause after rally :: InvestMacro
By RoboForex Analytical DepartmentAfter three days of significant gains, the Australian dollar is retreating against its American counterpart, with the AUD/USD pair falling to 0.6573.The US dollar has rebounded after Federal Reserve officials expressed doubts about an...
EURCAD ready to breakout? :: InvestMacro
By ForexTime Big week for minor currency pairBoC + ECB rate decisions in focusEURCAD trapped within 300 pip rangePrices gaining bullish momentum on D1Bloomberg model: 76% chance EURCAD – (1.45454 – 1.48439)Key central bank decisions, speeches from policymakers,...
Jefferies, SMBC expand strategic alliance to Canada
Jefferies Financial Group Inc. (NYSE:JEF) and SMBC Group announced today that they have expanded their global strategic alliance to enhance collaboration on future corporate and investment banking business opportunities within the Canadian market. SMBC Group comprises...
Stock indices saw a sharp sell-off yesterday amid hawkish comments from FOMC officials :: InvestMacro
By JustMarketsUS stock indices opened higher on Thursday on positivity from Wednesday, with Federal Reserve Chairman Jerome Powell reiterating his view that it would probably be appropriate to start cutting interest rates at some point this year. But by the end of the...
Exness trading volumes rise 9% in March 2024 to $3.86 trillion
Leading multi-asset broker Exness has reported a 9% month-over-month increase in client trading volumes for March 2024, with activity coming in at $3.856 trillion, versus $3.534 trillion in February. Alongside the rise in activity came a surge in the number of active...
TradingView expands range of chart types with addition of Volume candles
In response to numerous user requests, TradingView has added a new type of chart — Volume candles. Now, traders can visually check out the volume of trades for each candle. With this new chart type, they will see candlesticks, but the width of each candle is based on...
BofA, State Street to support launch of Cboe Clear Europe’s clearing service for SFTs
Cboe Clear Europe, Cboe’s Amsterdam-based pan-European clearing house, has secured the support of additional participants to support the launch of its Central Counterparty (CCP) clearing service for securities financing transactions (SFTs). Bank of America and State...
HK regulator warns against unlicensed virtual asset trading platform Sure X
Hong Kong’s Securities and Futures Commission (SFC) today warned the public of a purported virtual asset trading platform (VATP) operating under the name of “Sure X” (also known as “Sure Bit International Pte Ltd / Sure Bit International Ltd / Sure 9”). Sure X refers...
Beeks partners with Securities & Trading Technology
Beeks Financial Cloud Group plc (LON:BKS), a cloud computing and connectivity provider for financial markets, today announced a strategic partnership with Securities & Trading Technology (STT), a leader in trading, clearing, and surveillance technology. This...
CFI sponsors Saudi Super Cup in Abu Dhabi
Leading online trading broker CFI has announced its role as the Official Partner of the historic Saudi Super Cup, set to be hosted for the first time in Abu Dhabi from April 8th to 11th, 2024. This partnership marks a significant milestone for CFI, underscoring its...
Saxo Bank issues reminder for WLs with delegated end-client EMIR reporting
Multi-asset investment specialist Saxo Bank has issued a reminder to white labels with delegated end-client EMIR reporting. White labels that trade derivatives and delegate the EMIR reporting of their end trades to Saxo should provide the relevant end-client data via...
Exclusive: Admirals halts onboarding of clients in the EU
FNG Exclusive… FNG has learned that Tallinn, Estonia based Retail FX and CFDs broker Admirals has stopped onboarding clients in the EU. Admirals serves EU clients via Cyprus based, CySEC licensed subsidiary Admirals Europe Ltd. In a note on the top of its website...
EURJPY, USDCHF & XAUUSD reach targets! :: InvestMacro
Check out these potential profits that you may have missed from our Daily Market Analysis.EURJPY bulls take home 84 pipsUSDCHF secures all bullish targetsXAUUSD hits 2nd profit level 1) EURJPY up over 200 pips this week Where and when was Target Price (TP)...
SEC charges four participants in $2M “free-riding” scheme
The Securities and Exchange Commission (SEC) has charged Eduardo Hernandez, Christopher Flagg, Daquan Lloyd, and Corey Ortiz, all currently or formerly of Long Island, New York, with fraud for perpetrating a multi-year “free-riding” scheme that generated more than $2...
EUR/USD surges following Powell’s remarks on interest rates :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair moved upward to 1.0844 on Thursday, marking an unexpected shift following a period of strong US dollar performance. This change in dynamics can be attributed to investors’ positive response to comments made by US...
Exclusive: Exness CAO Elena Krutova leaves for Remedica
FNG Exclusive… FNG has learned that longtime senior Exness executive Elena Krutova has left the company (and the online trading industry), to join Cyprus based pharma company Remedica. Elena will serve as Remedica’s Chief HR Officer. Elena Krutova joined Exness in...
Five Eyes Gov’t Awards R&D Contract to Counterdrone Co. :: InvestMacro
Source: Streetwise Reports (4/2/24)DroneShield Ltd. announced it has been awarded an AU$900,000 research and development contract by a Five Eyes government. Find out why one research firm names it one of the most important military AI companies. DroneShield Ltd....
eToro ranks 10 most held stocks on its platform in Q1 2024
Retail investors are increasingly looking for opportunities in European stocks while holding firm on AI and weight loss drug leaders, according to the latest quarterly stocks data from trading and investing platform eToro. eToro looked at which companies saw the...
America’s green manufacturing boom, from EV batteries to solar panel production, isn’t powered by renewable energy − yet :: InvestMacro
By James Morton Turner, Wellesley College Panasonic’s new US$4 billion battery factory in De Soto, Kansas, is designed to be a model of sustainability – it’s an all-electric factory with no need for a smokestack. When finished, it will cover the size of 48 football...
Coinbase gets registered as Restricted Dealer in Canada
Coinbase has officially been registered as a Restricted Dealer by the Canadian Securities Administrators (CSA). This milestone, following the formal launch in August 2023, reinforces Coinbase’s commitment to Canada as a Go Deep market. The registration is the...
Expert Shares the Best Silver Stocks for the Breakout :: InvestMacro
Source: Ron Struthers (4/3/24) Ron Struthers of Struthers Resource Stock Report compares six silver stocks to the SLV ETF, shares Pan American, a gold producer with many silver lines, and touches on Mag Silver, which he believes is not well known enough. This chart...
FCA cancels Portia Investment Advisors’ permission to carry on regulated activities
The UK Financial Conduct Authority (FCA) today cancelled the Part 4A permission of Portia Investment Advisors Ltd. The firm was authorised by the FCA on 22 January 2013 and had a Part 4A permission to conduct the following regulated activities in relation to...
Inflationary pressures in Europe continue to decline. OPEC+ countries continued their voluntary production cuts :: InvestMacro
By JustMarketsStock indices traded mixed on Wednesday, with the Dow Jones Industrials (US30) falling to a two-week low. Stocks rebounded late in the day after bond yields retreated from early highs following an unexpected decline in the ISM Services Business Activity...
GTN appoints Damian Bunce as new Middle East CEO
GTN, a global fintech, today announced Damian Bunce’s appointment as the CEO of GTN Middle East. With an extensive career at leading financial services institutions such as IBM, Goldman Sachs, Barclays, and Saxo Bank, Damian Bunce has held numerous C-level positions,...
Axi UK doubles Revenues in 2023 to $27.5M
Axi Financial Services (UK) Limited, the FCA regulated arm of leading Australia based multi-asset broker Axi, has released its financial results for FY2023 (year-end June 30) indicating a significant increase in activity and profits. Revenues at Axi UK came in at...
CySEC notifies investment firms about advertising rules in Portugal
The Cyprus Securities and Exchange Commission (CySEC) today urged Cyprus Investment Firms (CIFs) to get acquainted with Circular Note No. 010/2023 – Financial Intermediaries on Advertising, issued by CMVM, regarding advertising by Financial Intermediaries in Portugal....
ATFX appoints Ergin Erdemir as Head of LATAM
Leading Retail FX and CFDs broker ATFX has announced the appointment of Ergin Erdemir as the new Head for Latin America. With this strategic move, ATFX said it reinforces its commitment to expanding its footprint and driving growth in one of the world’s most dynamic...
Steen Jakobsen leaves Saxo Bank
Multi-asset trading and investment services provider Saxo Bank announced today that Chief Economist and Chief Investment Officer, Steen Jakobsen will be stepping down from his role after more than 20 years of service. During his tenure, Steen Jakobsen has held...
Offshore CFDs broker Forex4you rebrands as Markets4you
Offshore CFDs broker Forex4you has announced its rebranding, unveiling a new brand name, logo, and identity as Markets4you. Visitors to the company’s old website forex4you.com are now redirected to markets4you.com. The company said that the rebranding reflects the...
Gold hits record high; silver peaks on Fed rate cut speculation :: InvestMacro
By RoboForex Analytical DepartmentGold prices have soared to an all-time high of 2288.00 USD per troy ounce, while silver reached its highest in two years, driven by speculation surrounding the US Federal Reserve’s monetary policy. This surge followed comments from...
Bulls breach falling wedge pattern :: InvestMacro
By ForexTime EURJPY breaks pattern resistanceBullish signal triggered above 161.8 levelWatch out for Eurozone PMI’s & PPIPotential price target at 164.208Bloomberg Model: 80% chance EURJPY – (161.56 – 165.06) The EURJPY triggered a bullish signal on Wednesday...
ACY Securities goes live with Copy Trading on Tradingcup platform
After reporting late last year that it had launched demo Copy Trading, Australia based multi-asset CFDs broker ACY Securities has announced that it has now gone live with the Copy Trading feature on the Tradingcup platform. This addition marks a significant evolution...
Oil prices continue to rise steadily. There is an outflow of funds from Bitcoin ETFs :: InvestMacro
By JustMarketsAt the end of yesterday, the Dow Jones Index (US30) was down 1.00%, while the S&P 500 Index (US500) decreased by 0.72%. The NASDAQ Technology Index (US100) closed negative 0.95%. Stocks declined as 10-year T-note yields rose to a 4-month high on...
BoE, FCA launch consultation on Digital Securities Sandbox
The Bank of England and Financial Conduct Authority (FCA) are consulting on their proposed approach to operating the Digital Securities Sandbox (DSS). The DSS is an initiative run by the regulators that will help facilitate the adoption of innovative technology in...
A century after the EEG was discovered, it remains a crucial tool for understanding the brain :: InvestMacro
By Giridhar Kalamangalam, University of Florida Jena, Germany, 1924: Working in near-isolation and with painstaking tediousness, the psychiatrist Hans Berger observes rhythmic electrical activity from the scalp of human subjects. He is convinced the activity arises...
DTCC’s CTM launches new tri-party trade matching workflow for PBs, with SocGen first to go live
DTCC, the premier post-trade market infrastructure for the global financial services industry, today announced that Societe Generale is the first Prime Broker to leverage CTM’s new automated tri-party trade matching workflow as the industry prepares for the increased...
AU10TIX, FXCM announce successful partnership
AU10TIX, a global provider of identity verification and management, and Stratos Group of companies (collectively, the ‘Stratos Group’ or ‘FXCM’), a provider of online FX trading, stocks and other CFD trading and related services, today announced a successful...
Alpha Group International confirms plans to apply for admission to LSE Main Market
Alpha Group International plc (LON:ALPH), a provider of financial solutions, dedicated to corporates and institutions, today confirmed its intention to apply for Alpha’s ordinary shares to be admitted to the premium listing segment of the Official List and to be...
Swissquote upgrades Mobile Onboarding for its clients in the Middle East and Europe
The latest release (10.8.0) upgrades Swissquote’s Mobile Onboarding for clients in the Middle East and Europe. This is a mobile-first solution that allows clients to seamlessly open their additional accounts from their mobile device. When the new mobile onboarding was...
Saxo Bank reminds WL partners about US and Canadian markets switch to T+1 settlement cycle
Multi-asset investment specialist Saxo Bank has issued a notice to its white label (WL) partners regarding the upcoming switch of US and Canadian markets to T+1 settlement. As of May 27 (Canada) and May 28 (U.S.), these markets are moving from a T+2 to a T+1...
Vantage announces TradingView integration – FX News Group
Multi-asset brokerage Vantage Markets has announced a closer partnership with popular charting platform TradingView, completing a broker integration which provides traders with greater convenience and easier trade access directly on TradingView’s website. The...
Saxo Bank publishes its Q2 2024 outlook: The wasted year
Multi-asset investment specialist Saxo Bank today launched its Quarterly Outlook for Q2 2024. As elections in key market countries dominate global discussions, Saxo’s Strategy team highlights the events and indicators that investors and traders should keep an eye on....
Pepperstone UK Revenues up 30% in 2023 to £13.9M, Profits top £10M
Pepperstone Limited, the London based, FCA licensed arm of Australia based Retail FX and CFDs broker Pepperstone, saw a nice increase in activity and profitability in 2023 for the second year in a row as the company continues to focus on international expansion....
Cboe welcomes 106 new ETF securities across its global network of listings exchanges in Q1 2024
Securities and derivatives exchange network Cboe Global Markets, Inc. today announced that it has achieved a new milestone, surpassing more than 1,000 exchange traded funds (ETFs) listed across its global network of listings exchanges. Rob Marrocco, Vice President,...
Talos announces its integration with Coinbase Derivatives
Talos, a provider of institutional trading technology for digital assets, announced its integration with futures exchange Coinbase Derivatives, LLC. The integration is expanding the avenues available for a growing number of institutional investors seeking to gain...
SEC obtains final judgment against GA Investors
On April 1, 2024, the U.S. District Court for the District of Massachusetts entered a final judgment against GA Investors, the operator of dozens of fraudulent websites, including GA-Investors.org. Among other things, the judgment orders the defendant to pay over $1.1...
FCA advises customers of SO FX to contact Evelyn Partners
The UK Financial Conduct Authority (FCA) today issued an update on the SO FX Ltd matter. The regulator advises all former customers of SO FX Ltd who may have a claim to contact the firm’s liquidators, Evelyn Partners. Email: SOFXTeam@evelyn.com In August 2020, the FCA...
CFTC imposes $500,000 fine on ANZ for supervision failures
The Commodity Futures Trading Commission (CFTC) today issued an order simultaneously filing and settling charges against Australia and New Zealand Banking Group Ltd. (ANZ), a financial services firm provisionally registered as a swap dealer for violating its...
The US Dollar strengthens following positive manufacturing data :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair has dipped to its lowest since 15 February this year following the release of encouraging data regarding the US manufacturing sector’s activity on Monday. This improvement, the first since September 2022, has...
CME Group schedules launch of €STR options for May 20
International derivatives marketplace CME Group today announced that it will launch options on Euro short-term rate (€STR) futures on May 20, 2024. “Our new €STR options will help clients more precisely manage their risk as expectations around European interest rate...
UK100 index teases record high :: InvestMacro
By ForexTime UK100 index broke above 8k mark todayThis stock index came to within 150 pips of its all-time highFalling UK house prices fostered bets for UK interest rate cuts“Dovish” Bank of England weakened GBP, cheered UK stocksCould this be the 12th FXTM stock...
ECB selects Tradeweb to supply Electronic Trading Platforms
Tradeweb Markets Inc. (NASDAQ:TW), a global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has been awarded two framework agreements to provide Electronic Trading Platforms (ETPs) to the European Central Bank...
Natural gas prices rise amid production cuts. US stock indices under pressure from rising government bond yields :: InvestMacro
By JustMarketsAt the end of the day yesterday, the Dow Jones (US30) index decreased by 0.60%, while the S&P 500 (US500) Index fell 0.20%. The NASDAQ Technology Index (US100) closed positive 0.11%. Stocks on Monday initially found support on the dovish PCE price...
TradeStation Securities partners with OptionsPlay to enhance user experience
TradeStation Securities, Inc., a self-clearing online brokerage for trading stocks, ETFs, options and futures, today announced it is the first broker integration by OptionsPlay, an options analysis suite for investors and traders. TradeStation Securities clients who...
Retail FX and CFDs broker ICM.com backs Swiss hyperloop co Swisspod
Well this is a little outside of our typical FX and CFDs industry news coverage. Swiss-American Hyperloop technology startup Swisspod Technologies has announced a new strategic partnership with Retail FX and CFDs broker ICM.com, marking what it calls a significant...
S&P Global Ratings upgrades Saxo Bank’s credit rating
Today, multi-asset investment specialist Saxo Bank announced that S&P Global Ratings has upgraded its long-term issuer credit rating to ‘A-‘ from ‘BBB’. This credit rating upgrade reflects Saxo Bank’s strengthened financial profile, including its efforts to...
Tullett Prebon launches new battery metals desk
Tullett Prebon has launched a new battery metals desk. Based in both London and Singapore, the new team will be led by Jack Nathan, widely regarded as an industry leader and who joins from FIS to provide Tullett Prebon clients the opportunity to trade across these...
CySEC extends prohibition on Petros Zachariades from exercising his management duties
The Cyprus Securities and Exchange Commission (CySEC) today issued an update regarding its decision to prohibit Petros Zachariades from exercising his management duties at Crowd Tech Ltd. In January 2023, the regulator decided: to suspend the exercise of the voting...
Exclusive: Matthew Elliott joins board of EM liquidity provider DKK Partners
FNG Exclusive… FNG has learned via regulatory filings that House of Lords member Matthew Elliott has joined the board of emerging markets focused FX liquidity provider DKK Partners. Lord Matthew Elliott is a political strategist and lobbyist in the UK, probably best...
Exclusive: Hantec Markets names Michael O’Sullivan as CTO
FNG Exclusive… FNG has learned that FCA regulated Retail FX and CFDs broker Hantec Markets has named Michael O’Sullivan to the position of Chief Technology Officer (CTO). Michael O’Sullivan joined Hantec last year, as was reported at the time here at FNG, as Head of...
MAS introduces amendments to Payment Services Act
The Monetary Authority of Singapore (MAS) today introduced amendments to the Payment Services Act (PS Act) and its subsidiary legislation to expand the scope of payment services regulated by MAS, and to impose user protection and financial stability-related...
Interactive Brokers registers 17% Y/Y increase in DARTs in March 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just posted its key operating metrics for March 2024. The broker registered 2.412 million Daily Average Revenue Trades (DARTs), 17% higher than in March 2023 and 1% lower than in February 2024....
Which FXTM crypto CFD might outperform in April? :: InvestMacro
By ForexTimeBitcoin Cash, Dogecoin each climbed over 130% so far in 2024Futures for Dogecoin, BitcoinCash, Litecoin to start trading on US exchange this monthBitcoin “halving”, due in late April, may boost other cryptos Of the 11 crypto CFDs offered by FXTM, Bitcoin...
Pepperstone launching video ads starring new brand ambassador John McEnroe
Australia based Retail FX and CFDs broker Pepperstone is launching a series of video ads, starring the company’s newly announced brand ambassador, tennis legend John McEnroe. Pepperstone first announced the new association with John McEnroe last month. The company has...
Oil rises ahead of this week’s OPEC+ meeting. Inflation is rising in Indonesia :: InvestMacro
By JustMarketsAt the end of last trading week, the Dow Jones Index (US30) was up 0.08%, while the S&P 500 Index (US500) was up 0.23%. The NASDAQ Technology Index (US100) closed negative 0.05%.The dollar index settled at 104.5 in post-holiday trading on Monday....
Court issues judgment against Ryan Felton, FLiK, and CoinSpark for fraudulent ICOs
The Securities and Exchange Commission (SEC) has obtained a final judgment against defendants Ryan Felton, FLiK, and CoinSpark, whom the SEC had previously charged for their involvement in two fraudulent initial coin offerings (ICOs). The SEC’s complaint was filed on...
Rakuten Group to reorganize its fintech business
Rakuten Group, Inc. and Rakuten Bank, Ltd. have agreed to initiate discussions aimed at the reorganization of Rakuten Group’s FinTech Business, including Rakuten Bank. Rakuten is considering integrating the FinTech businesses including Rakuten Bank, Rakuten Card Co.,...
FINRA fines H2C Securities for failing to preserve and review 1.25M business-related communications
H2C Securities Inc has agreed to pay a fine of $250,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From at least January 2013 to June 2021, H2C Securities failed to preserve and review over 1.25 million business-related...
Online Halal investing platform Wahed names OANDA alum Mohsin Siddiqui as CEO
New York based Wahed, which calls itself a global Shariah compliant FinTech, has announced the appointment of Mohsin Siddiqui as the company’s new Chief Executive Officer (CEO). Mohsin Siddiqui joined Wahed last year as Chief Operating Officer (COO). Prior to this, he...
FX week in review: PipFarm, LP Prime and 4XTC launch, Plus500 expanding, prop firms close
This week marked the launch of three new brands in the online trading space covering the gamut of institutional liquidity, prop trading, and FX/CFD brokerage consultancy – and all three were reported exclusively here at FNG. (And yes, we do realize that others often...
Climate change puts global semiconductor manufacturing at risk. Can the industry cope? :: InvestMacro
By Josh Lepawsky, Memorial University of Newfoundland Semiconductors are the basic building blocks of microchips. These technological marvels are in everything from lightbulbs and toothbrushes to cars, trains and planes, not to mention the vast array of electronics...
MXN, Gasoline & Silver lead 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 March 26th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
As climate change and pollution imperil coral reefs, scientists are deep-freezing corals to repopulate future oceans :: InvestMacro
By Mary Hagedorn, Smithsonian Institution Coral reefs are some of the oldest, most diverse ecosystems on Earth, and among the most valuable. They nurture 25% of all ocean life, protect coasts from storms and add billions of dollars yearly to the global economy through...
Gold’s Price Reaches New Heights Amid Global Market Uncertainty :: InvestMacro
By RoboForex Analytical DepartmentOn Friday, the price of gold reached an unprecedented peak, soaring above 2,230 USD. The global capital market experienced low activity due to the observance of Good Friday in many Catholic countries, leading to abrupt movements by...
Oil primed for more upside? :: InvestMacro
Oil could kick off Q2 with bangOPEC+ JMMC meeting, EIA data & NFP in focusPrices bullish on D1 & W1 timeframeKey level of interest at $83Despite the holiday shortened week ahead for UK and European markets, the second quarter of 2024 could kick off with a...
TradingView partners with Spotware to open the door for more brokerage integrations
TradingView has partnered with Spotware to leverage their combined frontend and backend capabilities to open the door for more broker integrations. Spotware is an international technology provider with everlasting experience delivering solutions for traders and...
Today most financial markets are closed due to the Good Friday holiday :: InvestMacro
By JustMarketsAs of Wednesday’s stock market close, the Dow Jones Index (US30) was up 0.12%. The S&P 500 Index (US500) added 0.11%, setting an all-time high. The NASDAQ Technology Index (US100) closed negative 0.14%. Stocks received some support from Thursday’s...
Ant International, Capital A form partnership in digital payments and fintech
Ant International and Capital A Berhad, owner of AirAsia, have formed a strategic collaboration in various areas, exploring to integrate more local payments methods and providing payment orchestration services to Capital A’s platforms, work on digital marketing and...
Saxo Bank unveils changes to CMS API
Multi-asset investment specialist Saxo Bank has unveiled potentially breaking changes to its Client Management Systems API (CMS API). If you are a Qualified Intermediary and you are submitting your end-client’s “Relief at Source” data via the CMS API, then you need to...
Barclays names David Garner its Global Head of Securitized Products Bond Trading
Barclays has announced the appointment of David Garner as Managing Director and Global Head of Securitized Products Bond Trading. Mr. Garner will join the bank in June and will be based in New York, reporting to Scott Eichel, Global Head of Securitized Products (SP)....
Skilled Funded Traders becomes second Easton prop firm shut
Another day, another retail prop trading firm shuts down. After reporting yesterday that popular prop firm The Funded Trader has (supposedly temporarily) ceased operations, another firm – Skilled Funded Traders – has also taken down its website...
BGC Group reaffirms its outlook range for revenue for Q1 2024
BGC Group, Inc. (NASDAQ:BGC), today announced that it has updated its outlook for the quarter ending March 31, 2024. BGC reaffirmed its previously stated outlook ranges for revenue and pre-tax Adjusted Earnings for the first quarter of 2024. In the final quarter of...
Euronext to acquire Global Rate Set Systems
Pan-European market infrastructure Euronext today announced that it has entered into an agreement to acquire 75% of the share capital of Global Rate Set Systems (GRSS), a leading provider of services to benchmark administrators. This acquisition significantly...
SBF gets 25 year jail sentence for FTX fraud
After telling U.S. District Judge Lewis Kaplan that he was “sorry about what happened”, FTX founder and former CEO Sam Bankman-Fried was sentenced to 25 years in jail for his role in orchestrating massive fraud at the crypto exchange. Some of the the judge’s reasons...
Exclusive: Investing.com hires Seeking Alpha and Wix.com alum Asaf Rothem as VP Marketing
FNG Exclusive… FNG has learned that leading trader information portal and FX/CFD broker affiliate site Investing.com has hired Asaf Rothem as VP Marketing. Asaf Rothem was Chief Marketing Officer (CMO) of competing financial news portal Seeking Alpha from 2021-2023....
Why Tough Going May Be Ahead :: InvestMacro
“These things could get more intelligent than us”By Elliott Wave InternationalThe topic with all the buzz these days is Artificial Intelligence (AI) and its future.The potential benefits include automating repetitive tasks, enhancing productivity, data analysis,...
Italy’s CONSOB orders blocking of access to six unauthorized investment websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of six new websites that offer financial services illegally. In issuing the orders, the Authority availed itself of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law no. 58...
GBP Consolidates Amid Concerns Over Economic Growth and Wage Trends :: InvestMacro
By RoboForex Analytical DepartmentThe GBP/USD pair is currently consolidating, hovering around the 1.2631 mark. This consolidation phase follows recent reports highlighting a slowdown in the expansion plans of British businesses for workforce and wage growth, raising...
MoneyGram adds barraq to list of digital partners in the Middle East
MoneyGram International, Inc, a global financial technology company that connects the world’s communities, today announced a strategic partnership with innovative financial technology app barraq. Through this partnership, consumers in Saudi Arabia will be able to use...
Cboe Options to introduce real-time validation to Options Strike Request tool
Effective trade date April 29, 2024, all Cboe-affiliated U.S. Options Exchanges will introduce real-time validation enhancements to the Options Strike Request tool in the Cboe Customer Web Portal, providing immediate validation of requested strikes against Cboe...
FINRA increases post-trade transparency in U.S. Treasury securities market
The Financial Industry Regulatory Authority (FINRA) has begun disseminating individual transactions in active U.S. Treasury securities at the end of the day, raising the level of transparency in the market for these benchmark securities. The information is available...
