Economy
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...
EURGBP, GBPUSD & Crude hit targets! :: InvestMacro
Check out these potential profits that you may have missed from our Daily Market Analysis.GBPUSD reaches all profit targetsCrude bulls pockets 63 points 1) EURGBP extends downside pressureWhere and when was Target Price (TP) published?This technical scenario...
ASIC cancels AFS licence of Crown Wealth Group
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services licence of Crown Wealth Group Pty Ltd after it was placed into voluntary administration. On 13 March 2024, Sule Arnautovic of Salea Advisory was appointed as...
The Australian and German indexes set all-time highs. The Reserve Bank of South Africa kept the rate at 8.25% :: InvestMacro
By JustMarketsOn Wednesday, the US stock indices ended trading with moderate growth. A decline in T-note bond yields supported the broader market. Investors also welcomed reports that S&P Global Ratings maintained its AA+ long-term US sovereign credit rating and...
cTrader mobile app enables signal links sharing
Fintech company Spotware Systems has updated its cTrader mobile app for iOS-based devices. In the new version of cTrader Mobile 4.8, signal links sharing has been added. Now you can share your orders and positions as signal links with enhanced snippets. In the main...
ASIC wins greenwashing civil penalty action against Vanguard
The Australian Securities and Investments Commission (ASIC) has won its greenwashing civil penalty action against Vanguard. The Federal Court has found Vanguard Investments Australia contravened the law by making misleading claims about certain environmental, social...
SIX acquires majority stake in FactEntry
SIX today announced that it has acquired a majority stake in FactEntry, a global provider of fixed income reference data, analytics, and solutions for financial market participants. This strategic acquisition significantly enhances SIX’s data offering and aligns with...
Turkish c-bank approves Worldline’s partnership with fintech co Lidio
Payment services provider Worldline (EPA:WLN) today announces that Türkiye’s Central Bank (TCMB) has approved Worldline’s partnership with leading Turkish fintech company Lidio Payment Services Inc to accept payments for global online businesses from Türkiye. The...
Vantage revamps its website with new features dedicated to indices trading
CFD broker Vantage Markets today announced the introduction of enhanced website features and app enhancements. To further support indices CFD traders, Vantage has revamped its website with new features dedicated to indices trading. Traders will find extensive...
eToro adds 12 tokens to lineup of crypto investment instruments
Online brokerage eToro announced today that it has added 12 new altcoins to its platform. “We are excited to enable our customers to access these new assets, covering a large range of new ideas and concepts emerging from the ecosystem,” said Omri Ross, Chief...
Prop firm The Funded Trader halts operations
The fallout in the prop trading space is continuing. After FNG exclusively reported earlier this month that prop trading firm The Funded Trader has stopped making payouts to its clients, the company has taken down its website (thefundedtraderprogram.com), which now...
CySEC outlines supervisory priorities for 2024
The Cyprus Securities and Exchange Commission (CySEC) has outlined its supervisory priorities for 2024. The supervisory agenda for 2024 remains centered on the following key priorities: Enhancing supervision of high and medium-high risk firms, particularly focusing on...
TP ICAP announces appointment of Silvina Aldeco-Martinez as CEO of Parameta Solutions
TP ICAP Group, a provider of market infrastructure and data-led solutions, today announced the appointment of Silvina Aldeco-Martinez as Chief Executive Officer of Parameta Solutions, the Group’s data and analytics division. She replaces Eric Sinclair, who steps up to...
Australian Dollar Slides to Three-Week Low :: InvestMacro
By RoboForex Analytical DepartmentThe AUD/USD pair is declining, reaching 0.6539 on Wednesday.The Australian dollar is heading back to a three-week low following the release of softer-than-expected consumer price index (CPI) data from Australia.For February 2024,...
Robinhood looks to be one-stop-shop with launch of its first credit card
US neobroker Robinhood (NASDAQ:HOOD) saw its shares trade up sharply on Wednesday morning, after overnight the company unveiled its first credit card for clients – the Robinhood Gold Card. Robinhood called its Gold Card “the only credit card you’ll need”, although at...
Australia has seen a decline in inflationary pressures. Japan may conduct currency intervention shortly :: InvestMacro
By JustMarketsAs of Tuesday’s stock market close, the Dow Jones Index (US30) decreased by 0.08%. The S&P 500 Index (US500) was down 0.28%. The NASDAQ Technology Index (US100) closed negative 0.42%.On Tuesday, stock indices gave up early gains and suffered moderate...
Options partners with Trader Evolution
Options Technology today announced a new partnership with Trader Evolution, a multi-market trading platform. The partnership is set to provide customers with bespoke API connectivity and advanced software alongside Options’ pre-deployed technology stack, which...
Hits fresh 2024 high at 200-day SMA :: InvestMacro
EURSEK hits highest level in 2024Riksbank signals future rate cutsKrona ↓ Vs. most G10 MTDPrices bullish on D1 but RSI overboughtMoment of truth at 200-day SMAThe EURSEK hijacked our attention on Wednesday after hitting a fresh 2024 high above 11.50!Bulls were already...
Exclusive: PrimeXM/Plugit alum Lea Wang launches FX broker consultancy 4XTC
FNG Exclusive… FNG has learned that experienced FX and CFDs industry executive Lea Wang has launched a new firm offering consultancy services for multi-asset brokers, called 4XTC (at website 4xtc.io). Lea Wang, who is based in Cyprus, was EVP and COO of FX broker CRM...
RoboMarkets announces Platinum partnership with Team AutoLife
European brokerage company RoboMarkets today announced that it has become a Platinum Partner of Team AutoLife, a prominent Cyprus-based racing team renowned for its participation in international rallies and long-distance cross-country racing events. Team AutoLife,...
HK SFC grants Type 9 license to Tiger Brokers (HK) Global Limited
UP Fintech Holding Limited (NASDAQ:TIGR), an online brokerage firm, today announced that Hong Kong’s Securities and Futures Commission (SFC) has officially granted a Type 9 license to Tiger Brokers (HK) Global Limited (TBHK). The license authorizes TBHK to provide...
How AI and a popular card game can help engineers predict catastrophic failure – by finding the absence of a pattern :: InvestMacro
By John Edward McCarthy, Arts & Sciences at Washington University in St. Louis Humans are very good at spotting patterns, or repeating features people can recognize. For instance, ancient Polynesians navigated across the Pacific by recognizing many patterns, from...
Clearstream welcomes TMX as full member of global Liquidity Alliance
TMX Group, which operates Toronto Stock Exchange and key Canadian post-trade infrastructure including the Canadian Depository for Securities (CDS), has become a full member of the Liquidity Alliance, the global association of market infrastructures delivering...
HK regulator launches MMT proceedings against Ding Yi Feng former chairman for suspected market manipulation
The Securities and Futures Commission (SFC) of Hong Kong has commenced proceedings in the Market Misconduct Tribunal (MMT) against Mr Sui Guangyi, former chairman and non-executive director of Ding Yi Feng Holdings Group International Limited, and 20 other...
Worldline completes migration of Consorsbank’s Visa Card Portfolio to its issuing processing solution
Provider of payment services Worldline (EPA:WLN) has successfully completed the migration of Consorsbank’s Visa Card Portfolio from the existing legacy mainframe solution to its cutting-edge customer-centric issuing processing solution. As a testament to the success...
Marex Group plc files registration statement for proposed IPO
Global financial services platform Marex Group today announced that it has publicly filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of its ordinary shares. The timing of...
Visa reaches settlement with U.S. merchants capping interchange rates into 2030
After nearly 20 years of litigation, Visa (NYSE:V) today announced it has agreed to a landmark settlement with U.S. merchants, lowering credit interchange rates and capping those rates into 2030. The settlement also provides updates to several key network rules giving...
Exclusive: Former oneZero/PrimeXM exec Louay Amhaz launches FX/CFD liquidity firm LP Prime
FNG Exclusive… FNG has learned that experienced FX industry executive Louay Amhaz has launched a new institutional FX and CFD liquidity firm, called LP Prime. LP Prime will be formally domiciled in South Africa, with operating company Logan Capital (Pty) Ltd acting as...
California is wrestling with electricity prices – here’s how to design a system that covers the cost of fixing the grid while keeping prices fair :: InvestMacro
By Yihsu Chen, University of California, Santa Cruz and Andrew L. Liu, Purdue University Small-scale solar power, also known as rooftop or distributed solar, has grown considerably in the U.S. over the past decade. It provides electricity without emitting air...
Arista Networks founder Andy Bechtolsheim to pay $1M fine to settle SEC insider trading charges
The Securities and Exchange Commission (SEC) today announced insider trading charges against Andreas “Andy” Bechtolsheim, the founder and Chief Architect of Silicon Valley-based technology company Arista Networks, Inc. To settle the SEC’s charges, Bechtolsheim agreed...
NETH25 index chasing new record highs! :: InvestMacro
By ForexTime FXTM launches 6 new stock indices NETH25 gaining more than Gold, US stock indices so far in 2024NETH25 tracks 25 largest and most-traded Dutch stocks NETH25 index includes ASML – Europe’s most-valuable tech company Experts predict this stock index could...
CFTC takes KuCoin to Court for operating illegal digital asset derivatives exchange
The Commodity Futures Trading Commission (CFTC) today announced it filed a civil enforcement action in the U.S. District Court for the Southern District of New York charging Mek Global Limited, PhoenixFin PTE Ltd., Flashdot Limited, and Peken Global Limited, which...
Japanese Yen Awaits Intervention Amid Weakness :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair stabilised around 151.35 by Tuesday, not far from its recent peaks, as the weakness of the Japanese yen has prompted verbal interventions from Japanese authorities.Japan’s Finance Minister, Shunichi Suzuki, mentioned...
Exclusive: Shareholders inject another $4.1M of capital into FCA registered crypto broker Enigma Securities
FNG Exclusive… FNG has learned via regulatory filings that shareholders of FCA registered Cryptoasset services provider Enigma Securities Ltd have pumped another $4.1 million of equity capital into the company, by means of a share purchase. The capital injection was...
Trade restrictions between the US and China are intensifying. Japan’s currency diplomats talk about possible intervention to support the yen :: InvestMacro
By JustMarketsThe Dow Jones Index (US30) decreased by 0.41% as of Monday’s stock market close. The S&P 500 Index (US500) was down 0.31%. The NASDAQ Technology Index (US100) closed negative 0.27%. Stock indices declined moderately on Monday as some hawkish comments...
Weel partners with Nium and Visa
Australian spend management platform Weel and Nium, a provider of real-time cross-border payments, today announced a new strategic partnership to help finance teams better manage their corporate spend. Nium will serve as Weel’s preferred financial services provider,...
Sumsub announces integration of its Travel Rule solution with Binance through GTR Alliance
Sumsub, a global full-cycle verification and compliance provider, today announces the integration of its Travel Rule solution with cryptocurrency exchange platform Binance through the Global Travel Rule (GTR) Alliance. The new integrated solution is aimed at providing...
TRAction and oneZero enhance trade reporting integration
TRAction, which provides trade reporting services, and oneZero, a leader in multi-asset enterprise trading technology solutions, have announced a new enhancement to their existing integration. TRAction, which specialises in regulatory reporting to simplify compliance...
FCA urges firms and finfluencers about their social media ads
The UK Financial Conduct Authority (FCA) has issued a guidance for memes, reels and gaming streams promoting financial services. The FCA has set out how adverts across social media channels must be fair, clear and not misleading, meaning they must have balance and...
eToro’s Retail Investor Beat shows 53% of traders plan to rebalance portfolios
Online brokerage eToro has published the key findings of its latest Retail Investor Beat survey. More than one in four retail investors (27%) plan to scale back investments in the so-called ‘Magnificent 7’ big tech stocks in 2024. In the study of 10,000 retail...
IG Japan hikes margin for TRY pairs
IG Securities, the Japanese subsidiary of electronic trading major IG Group, today announced changes to the margin rate for Turkish lira (TRY) currency pairs. Effective today, the margin rate for new positions in TRY/JPY, CHF/TRY, EUR/TRY, USD/TRY, and GBP/TRY is...
FINMA evaluates emergency and recovery plans of PostFinance, Raiffeisen and ZKB
The Swiss Financial Market Supervisory Authority (FINMA) has completed its annual assessment of the emergency and recovery plans of the domestic systemically important banks PostFinance, Raiffeisen and ZKB. ZKB’s emergency plan was deemed ready to implement for the...
Fintel acquires 70% stake in ifaDASH
Fintel plc (LON:FNTL), a provider of fintech and support services to the UK retail financial services sector, today announced the completion of its acquisition of ifaDASH, a reg-tech solution that assists intermediaries with running an efficient, compliant business....
Equinix BoD to review matters referenced in short seller report
Digital infrastructure company Equinix, Inc. (NASDAQ:EQIX) today filed an 8-K and announced that the Audit Committee of the company’s Board of Directors has commenced an independent investigation to review the matters referenced in a recent short seller report....
State Street opens its new Kilkenny office
State Street Corporation (NYSE:STT) one of the world’s leading providers of financial services to institutional investors, today marked the official opening of its new office building in Kilkenny. State Street established its Irish operations in 1996 and has grown to...
LSE to accept applications for admission to trading of Bitcoin and Ethereum Crypto ETNs from April 8, 2024
The London Stock Exchange (LSE) will accept applications for the admission to trading of Bitcoin and Ethereum Crypto ETNs from 8 April 2024. Subject to the approval by the Financial Conduct Authority (FCA) of the base prospectuses, which will be required to list...
Gold’s Prospects Look Promising :: InvestMacro
By RoboForex Analytical DepartmentGold prices have stabilized around $2170.00 per troy ounce after two days of decline. Investors are taking a pause ahead of an important US inflation indicator report due this week, which could provide insights into the future...
UpTrader adds prop trading CRM solution
Brokerage software solutions provider UpTrader has announced the company is launching support for Prop Trading within its Forex CRM ecosystem. All UpTrader clients from the basic Self-served to Enterprise plan will get access to Prop Trading mode. Vasily Alexeev,...
What to Make of All This Insider Selling :: InvestMacro
Here are details of “The Great Cash-Out” By Elliott Wave InternationalCorporate insiders may sell the shares of their company for any number of reasons but one of them is not because they think the price is going up.In other words, insider selling can serve as a...
CME Group reports Copper option OI exceeding 200k contracts
International derivatives marketplace CME Group today announced that open interest in Copper options surpassed 200,000 contracts for the first time ever after achieving several consecutive daily open interest records. “In today’s uncertain environment, market...
CN50 flirts with critical resistance :: InvestMacro
Prices bullish on D1 chartsWatch out for Big China bank earningsKey level of interest at 12250Major breakout on horizon?If you are seeking fresh market opportunities, then look no further!FXTM’s CN50 index, which tracks the benchmark FTSE China A50, is flirting around...
Exclusive: Ex cTrader exec James Glyde launches prop trading firm PipFarm
FNG Exclusive… FNG has learned that James Glyde, a former longtime senior executive at Spotware Systems – the developer of the cTrader trading platform – has launched a new brand in the “Funded Trader” retail prop trading space, called PipFarm (at website...
Inflationary pressures are rising in Singapore and Malaysia. Japan’s currency policymakers are again talking about intervention :: InvestMacro
By JustMarketsAt Friday’s stock market close, the Dow Jones Index (US30) was down 0.77% (for the week +1.67%). The S&P 500 Index (US500) decreased by 0.14% (for the week +1.54%). The NASDAQ Technology Index (US100) closed positive 0.16% (for the week...
Tokyo Stock Exchange establishes TSE Asia Startup Hub
To further attract cross-border listings, Tokyo Stock Exchange, Inc. (TSE) announces establishment “TSE Asia Startup Hub”, an ecosystem where TSE and IPO stakeholders collaborate to encourage promising Asian companies to choose TSE for their IPOs. By enhancing...
CommEX announces operation suspension – FX News Group
CommEX today announced that it will start the off-board process. The decision is blamed on strategic adjustments.The CommEX platform will begin to suspend part of services start from March 25, 2024, and will shut down all website access on May 10, 2024. “Dear Users,...
ESMA finalises first rules on crypto-asset service providers
Pan European financial regulatory body The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published its first Final Report under the Markets in Crypto-Assets Regulation (MiCA) initiative. In July 2023 ESMA...
GMO Financial Gate, Soft Space announce capital alliance
GMO Financial Gate, Inc. (GMO-FG) has announced a capital alliance with fintech-as-a-service (FaaS) company Soft Space. This investment from GMO-FG precedes Soft Space’s planned Series C funding round, aiming to transform Japanese society into a cashless one. This...
Euroclear to acquire stake in IZNES
Euroclear and IZNES today announce that Euroclear will acquire a stake in IZNES, a pan-European funds marketplace based on blockchain technology. The transaction will be subject to customary closing conditions and regulatory approvals. Financial terms will not be...
Hong Kong SFC warns against suspected crypto scam HKCEXP
The Securities and Futures Commission (SFC) of Hong Kong today warned the public of entities operating under the name of “HKCEXP” for suspected virtual asset-related fraud. Victims are reporting difficulties and payment of exorbitant “tax” to process withdrawals....
LTX by Broadridge integrates with TS Imagine’s TradeSmart
LTX, an AI-powered fixed income trading platform and subsidiary of global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR), today announced a successful integration with TS Imagine’s Fixed Income Execution Management System, TradeSmart Fixed Income. The...
FX Speculators drop Australian Dollar bets to new record low :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday March 19th and shows a quick view of how large market...
FX week in review: NAGA.com founder leaves, IG mgmt changes, Robinhood UK launches, Brokers and AI content
This week in FX and CFD industry news stories at FNG… What did NAGA Group longtime CEO Ben Bilski have to say about his departure from the company he founded nearly a decade ago? Who were named to the management C-Suite at IG Group, after the recent departure of IG’s...
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 March 19th and shows a quick view of how large traders...
Peso, Silver, Aussie & Franc 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 March 19th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Speculator Bets led by S&P 500 & 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 March 19th and shows a quick view of how large traders...
Speculator Bets led by 5-Year Bonds & 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 March 19th and shows a quick view of how large...
Speculator Positions 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 March 19th and shows a quick view of how large...
Doo Group expands Singapore business with MAS-CMS license
Just a week after obtaining a Type 1 (Dealing in Securities) license from the Hong Kong Securities and Futures Commission, Far East focused brokerage outfit Doo Group has announced that Doo Capital Market SG Pte. Ltd. (“DCM”), an entity under the company’s Doo...
Italy’s CONSOB blocks five unauthorised investment websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of five new websites that offer financial services illegally. The websites targeted by the latest orders are: Imperialcap24 Limited and Top Markets Ltd (website https://imperialcap24.com and...
EURAUD on breakout watch… :: InvestMacro
EURAUD waits for directional sparkPrices rangebound on M1 chartIncoming data could rock minor currency pairTechnical indicators favour bullsBloomberg model: 77% chance EURAUD – (1.64508 – 1.67710)Were you able to catch your breath after such an intense trading...
Werner Bürki to replace Christian Reuss as Head of SIX Swiss Exchange
Christian Reuss, the longtime Head of SIX Swiss Exchange, has announced that he will be departing the company effective today. Replacing Mr. Reuss on an interim basis is Werner Bürki (pictured above), who has been SIX’s Head of Trading since 2018. Christian Reuss...
The Swiss National Bank unexpectedly cut the interest rate. Oil declines amid attempts to de-escalate the conflict in the Middle East :: InvestMacro
By JustMarketsAt Thursday’s close of the stock exchange, the Dow Jones Index (US30) rose by 0.68%. The S&P 500 Index (US500) was up 0.32%. The NASDAQ Technology Index (US100) closed positive 0.20%. Stocks continued Wednesday’s rally on Thursday, with all three...
TradingView partners with BTG Pactual to enhance trading experience in Brazil
TradingView today announced its partnership with BTG Pactual, aimed at enhancing the trading experience in Brazil. The collaboration seeks to provide BTG Pactual traders with access to state-of-the-art technical analysis tools and the ability to execute trades with...
GBP/USD Faces Sharp Decline Amid BoE’s Monetary Policy Stance :: InvestMacro
By RoboForex Analytical DepartmentAs of Friday, the GBP/USD pair hovered around 1.2642, following a substantial decline. The Bank of England (BoE) has yet to find reasons to lower the interest rate, indicating intentions to maintain high rates for an extended period...
ASIC reminds financial advisers of their registration obligation
Following the commencement of the registration requirement on 16 February 2024, most financial advisers (known as relevant providers) have been registered with the Australian Securities and Investments Commission (ASIC) and can legally provide personal advice to...
Saxo Bank to introduce new Option Closeout report
Multi-asset investment specialist Saxo Bank plans a set of enhancements to its platforms. A new Option Closeout report will become available in April, warning clients of upcoming expiries (and potential option closeouts due to that). “Expiry” badges will be shown in...
ASIC obtains travel restraint orders against Mansa Group directors
The Australian Securities and Investments Commission (ASIC) has secured travel restraint orders against current and former directors within the Mansa Group, Krishnakumar Sitaram Agrawal and Shashikumari Krishnakumar Agrawal. The orders include restrictions on Mr and...
FCA charges four individuals over water investment scam
The UK Financial Conduct Authority (FCA) has charged Bruce Rowan, David Simmons, Robert Sweeney and Justin Russell with multiple counts of conspiracy to commit fraud by false representation. Robert Sweeney and David Simmons are also charged with money laundering. The...
Robinhood Markets Co-Founder Baiju Bhatt to step down from exec role
Robinhood Markets, Inc. (NASDAQ:HOOD) has announced that Co-Founder and Chief Creative Officer, Baiju Bhatt, will step down from his executive role after over ten years in leadership to pursue other entrepreneurial interests. Mr. Bhatt will remain a member of...
Interactive Brokers updates TWS platform
Electronic trading major Interactive Brokers has released Beta Build 10.29 of its TWS platform. The enhancements concern Portfolio Performance Profile and Mutual Funds Swap. The Exchange Fund feature allows clients to swap all or part of an eligible (long) mutual fund...
ESMA imposes €2.2M fine on Scope Ratings for breaches of conflict of interest obligations
EU’s financial markets regulator and supervisor European Securities and Markets Authority (ESMA) has fined Scope Ratings GmbH a total of EUR 2,197,500, and issued a public notice, for breaches of the Credit Rating Agencies Regulation (CRA Regulation). ESMA found that...
CFTC secures $3.4M Court order against Forex trader
The Commodity Futures Trading Commission (CFTC) today announced the U.S. District Court for the Southern District of Florida entered a consent order on March 20 imposing a permanent injunction, civil monetary penalty, restitution, and equitable relief against Joseph...
Robinhood Markets appoints Susan Segal to its Board of Directors
Susan Segal has joined Robinhood Markets’ Board of Directors. “Susan is widely recognized for her work and extensive contributions in Latin America as well as in the financial sector,” said Vlad Tenev, CEO and Co-Founder of Robinhood. “Her decades of experience...
CME registers record E-mini S&P 500, E-mini Nasdaq-100 and E-mini Russell 2000 options volumes
International derivatives marketplace CME Group today announced that E-mini S&P 500, E-mini Nasdaq-100 and E-mini Russell 2000 options have reached record volumes in 2024. Year-to-date volume records (through March 20) include: E-mini S&P 500 options average...
Saxo Bank announces enhancements to SaxoPartnerConnect
Multi-asset investment specialist Saxo Bank has announced a set of enhancements to SaxoPartnerConnect (SPC). These are scheduled for Q1/Q2. New section for license fees The current prices for redistribution licenses are now always available and updated on the...
Social media returns: Reddit prices IPO at $6.5B valuation
Turn back the clocks, social media is making a comeback! Social media outlet Reddit, which bills itself as a community of communities and one of the Internet’s largest sources of information, has successfully priced its Initial Public Offering (IPO) raising proceeds...
EUR/USD Plunges Following Fed’s Decision on Interest Rate Cuts :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair soared to a weekly high of 1.0933 on Thursday following the Federal Reserve System’s announcement of three interest rate cuts planned for 2024. These adjustments will reduce borrowing costs by 75 basis points.The...
FCA cancels Igniter Pay’s registration as small payment institution
The UK Financial Conduct Authority (FCA) today announced the cancellation of the Small Payment Institution (SPI) registration of Igniter Pay UK Limited. The cancellation is executed pursuant to regulations 10(1)(a) and 10(1)(h) (as applied by regulation 15) of the...
The US Federal Reserve expectedly kept rates unchanged. New Zealand remains in a technical recession. :: InvestMacro
By JustMarketsAs of Wednesday’s stock market close, the Dow Jones Index (US30) was up 1.03%. The S&P 500 Index (US500) added 0.89%. The NASDAQ Technology Index (US100) closed positive 1.25%. The US stocks closed at record highs on Wednesday after the US Federal...
New MT5 platform build enhances keyboard event handling capabilities in MQL5 programs
Fintech company MetaQuotes will release MetaTrader 5 platform build 4260 on Friday, March 22, 2024. The new version enhances keyboard event handling capabilities in MQL5 programs. Developers can now capture key release and dead key events, improving interaction...
SEC obtains judgment against individual involved in stock selling scheme
The U.S. District Court for the District of Massachusetts has entered final judgments against California resident Kevin C. Dills and two entities that Dills controlled. The Securities and Exchange Commission (SEC) charged Dills and Joseph Padilla in June 2023 for...
ASIC bans Panacea Capital director from providing financial services
The Australian Securities and Investments Commission (ASIC) has permanently banned Brian Jacques Creigh from providing financial services or being involved in a financial service business. Mr Creigh is the director of Panacea Capital Pty Ltd. He operated the Panacea...
ATFX hires Graham Morris as Head of Compliance for Australia
Leading global multi-asset broker ATFX has announced that Graham Morris has been appointed as Head of Compliance for ATFX’s operations in Australia. Graham is set to bring a vast reservoir of compliance expertise and industry knowledge to the firm, which will be...
Aquis Exchange marks 13% increase in revenue in 2023
Aquis Exchange PLC (LON:AQX) today announced its audited results for the year ended 31 December 2023. During 2023, net revenue increased by 13% to £22.7 million. The Group generated a profit before taxation for the year of £5.2 million compared to £4.5 million in the...
ZagTrader integrates Muinmos’ RegTech solution for Client Onboarding
UAE based financial technology provider ZagTrader has announced that it has integrated Muinmos’ RegTech solution into its platform, enabling its institutional clients worldwide to transform their onboarding capabilities. The integration with Muinmos enables ZagTrader...
Baader Bank selects Broadridge’s solution for regulatory trade and transaction reporting
Baader Bank AG has chosen Broadridge Financial Solutions, Inc.’s (NYSE:BR) solution for its regulatory trade and transaction reporting. The agreement further extends Broadridge’s strategic relationship with the bank, which is a user of Broadridge’s front and middle...
Capped below weekly resistance? :: InvestMacro
Crude up almost 2% this weekWatch out for EIA report & Fed decisionWeekly resistance at $83.64Possible bearish scenario on H4Key levels of interest at $81.25Our focus falls on US crude oil which is currently hovering around levels not seen in over four months!The...
what this means for farmers, businesses and chocolate lovers :: InvestMacro
By Michael E Odijie, UCL A shortage of cocoa beans has led to a near shutdown of processing plants in Côte d’Ivoire and Ghana, the two countries responsible for 60% of global production. With chocolate makers around the world reliant on west Africa for cocoa, there...
Beeks welcomes Zech Kottilil as Technical Pre-Sales Specialist
Beeks today welcomed Zech Kottilil as a Technical Pre-Sales Specialist. Mr Kottilil is a seasoned veteran in the field, bringing with him over 15 years of invaluable experience from giants like Nasdaq and Amazon Web Services (AWS). Reflecting on his new role, Zech...
Japanese Yen (USD/JPY) Hits Four-Month Low :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair surged to a four-month high as investors recalibrated their expectations for the Bank of Japan’s future actions. The consensus is now that the BoJ’s monetary policy will remain accommodative, even with the shift away...
Robinhood Wallet becomes available to Android users globally
Today, Robinhood Wallet gets released to all eligible Android users globally, expanding on Robinhood’s mission to make Robinhood the most trusted and easiest way to use crypto. All customers who previously joined the waitlist can download and get started today. Since...
Building fairness into AI is crucial – and hard to get right :: InvestMacro
By Ferdinando Fioretto, University of Virginia Artificial intelligence’s capacity to process and analyze vast amounts of data has revolutionized decision-making processes, making operations in health care, finance, criminal justice and other sectors of society more...
Cboe launches enhanced margin treatment for cash-settled index options
Cboe Global Markets, Inc., a leading derivatives and securities exchange network, today announced the introduction of enhanced margin treatment for cash-settled index options. Cboe’s margin relief rule aims to provide greater capital efficiencies for traders and...
Canadian dollar declines amid falling inflation. PBoC kept rates at current levels :: InvestMacro
By JustMarketsAs of Tuesday’s stock market close, the Dow Jones Index (US30) was up 0.83%, the S&P 500 Index (US500) added 0.56%, and the NASDAQ Technology Index (US100) closed positive 0.39%.The Federal Open Market Committee (FOMC) will hold its Wednesday...
State Street selected to provide investment services to AZ Quest
State Street Corporation (NYSE:STT) today announced that it has been selected to provide fund accounting, fund administration and investor servicing for AZ Quest, an asset manager based in Sao Paulo, Brazil. State Street will provide this range of services to the AZ...
How Does Google Identify AI Content, And Why Should Your Finance Brand Care?
The following is a guest editorial courtesy of Charlotte Day, Creative Director at Contentworks Agency. Google has announced plans to crack down on AI-generated content designed to elevate search rankings by manipulating algorithms. It intends to delist AI-generated...
Cornerstone FS plans to change its name to Finseta
Cornerstone FS plc (LON:CSFS), a Forex and payments company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, today announced its intention to change the company’s name to Finseta plc. In connection with the...
HK Court sentences retail trader to 18 months of imprisonment for securities fraud
The Eastern Magistrates’ Court today sentenced Ms Christine Yeung Tak Sum, a retail trader, to 18 months of imprisonment following her conviction for securities fraud involving illegal short selling in a prosecution brought by the Securities and Futures Commission...
Equals confirms receipt of proposal from Railsr and TowerBrook for its entire share capital
The Board of Equals Group plc (LON:EQLS) today issued a response to recent press speculation. Equals confirmed that as part of its ongoing strategic review the Board has received an indicative non-binding proposal from a consortium comprising Embedded Finance Limited...
eToro updates traders on Reddit IPO
Online broker eToro has issued an update to traders regarding the upcoming Reddit initial public offering (IPO). $RDDT is a vast network of communities where people can dive into their interests, hobbies, and passions. From thought-provoking discussions to the latest...
IC Markets collaborates with Bloomberg Media Studios for Season 4 of IC Your Trade
Leading Australia based Retail FX and CFDs brokerage group IC Markets has announced the launch of its fourth season of IC Your Trade (ICYT), produced in collaboration with Bloomberg Media Studios. Since its inception in 2021, IC Your Trade has emerged as one of the...
Equals and Madison Dearborn Partners continue discussions as part of strategic review
Equals Group plc (LON:EQLS) today provided an update on the talks with Madison Dearborn Partners LLC. As part of the strategic review, discussions are ongoing between Equals and Madison Dearborn Partners LLC and, to allow further time for these discussions to take...
CFTC fines U.S. Bank and Oppenheimer for use of unapproved communication methods
The Commodity Futures Trading Commission (CFTC) today issued two orders simultaneously filing and settling charges against U.S. Bank, N.A., a swap dealer, and against Oppenheimer & Co., Inc., an introducing broker, for failing to maintain and preserve records that...
CME suspends trader for five years for violating wash trades prohibition
International derivatives marketplace CME Group has published a notice of disciplinary action against Jatin Rasiklal Mansata. The Chief Regulatory Officer has issued charges against Jatin Rasiklal Mansata for violating CME Rule 534 based on allegations that on one or...
CySEC warns against 16 unauthorized investment firms
The Cyprus Securities and Exchange Commission (CySEC) today issued a warning against 16 unauthorized investment firms. The blacklisted entities operate via the following websites: prollitestockcapitol.com crossview.online freedomfxgroup.com al-olymptrade.com...
Brent Oil Prices Continue to Surge, Reaching New Peaks :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil continues its rally, reaching peak values since early November 2023, with prices around USD 87.00 per barrel. Investor concerns over commodity supply, particularly due to tensions in several oil-producing countries,...
Cboe Global Markets launches options on new MSCI indices
Derivatives and securities exchange network Cboe Global Markets, Inc has launched for trading Cboe MSCI World Index Options (MXWLD), Cboe MSCI ACWI Index Options (MXACW), and Cboe MSCI USA Index Options (MXUSA). The launch is part of Cboe’s deepening relationship with...
The Bank of Japan is finally out of negative rate territory. The RBA left the rate unchanged but removed the hawkish bias :: InvestMacro
By JustMarketsThe Dow Jones Index (US30) was up 0.20% at Monday’s stock market close. The S&P 500 Index (US500) added 0.63%. The NASDAQ Technology Index (US100) closed positive 0.82%. Tesla (TSLA) stock price rose more than 6% and led the S&P 500 and...
Genesis to pay $21M penalty to settle SEC charges
The Securities and Exchange Commission (SEC) today announced that Genesis Global Capital, LLC agreed to a final judgment ordering it to pay a $21 million civil penalty and imposing a permanent injunction to settle charges that it engaged in the unregistered offer and...
more dividends, less volatility :: InvestMacro
By ForexTimeFXTM launches brand new SG20 stock indexSG20 has highest dividend yield of all FXTM stock indicesSG20: most stable Asian stock index within FXTM universeSG20 has strong positive correlation with spot goldWall Street forecasts that this stock index could...
ANZ goes live on CobaltFX’s Dynamic Credit Platform
Post-trade automation solutions provider CobaltFX, a United Fintech portfolio company, has announced that Australia and New Zealand Banking Group (ANZ) has joined CobaltFX’s Dynamic Credit platform, to manage credit exposure for FX trades on interbank trading venues....
Quintet selects Clearstream to support its mutual fund execution and distribution business
Clearstream, a global post-trade services provider, has been selected by Quintet Private Bank, a wealth manager headquartered in Luxembourg, to support its mutual fund execution and distribution processing activities. Building on the long-standing relationship between...
TP ICAP to acquire Aotearoa Energy
TP ICAP, a provider of market infrastructure, today announced the acquisition of Aotearoa Energy, a New Zealand-based gas, power, and carbon brokerage firm. The acquisition is complementary to ICAP’s Australian Power and Gas brokerage business as well as giving...
Finalto Asia and oneZero boost Asia-Pacific liquidity for trading customers
Finalto Asia and oneZero are extending their partnership to boost liquidity for trading customers in the Asia-Pacific region. The addition of the Equinix Tokyo data center to existing New York and London data centers marks a significant upgrade to the reach of...
Tiger Brokers partners with Grafa for AI-driven data and news analysis
APAC focused online brokerage Tiger Brokers has announced a new partnership with Australian media fintech Grafa, to roll out AI-driven data, news and analysis into its brokerage app. Under the arrangement, Tiger Brokers will incorporate Grafa’s AI-powered newsfeed...
HK regulator warns against “KKR Global”
The Hong Kong Securities and Futures Commission (SFC) today issued a warning against suspicious websites operating under the name of “KKR Global”. The suspicious websites are (i) www.kkrbit.coin, (ii) www.kkrbit.vip, (iii) www.kkrbit.pro, and (iv) www.kkrbo.com. The...
eToro introduces Granolas Smart Portfolio
Online broker eToro has introduced the newest addition to its investment offerings – the Granolas Smart Portfolio. The name is an abbreviation of the names of several companies: GSK, Roche, ASML, Nestlé, Novartis, Novo Nordisk, L’Oréal, LVMH, AstraZeneca, SAP, and...
M1 Finance fined $850K around Social Media Influencer Program
US broker-dealer oversight body FINRA has announced that it has fined finance super-app operator M1 Finance LLC $850,000 for social media posts made by influencers on the firm’s behalf that were not fair or balanced, or contained exaggerated, unwarranted, promissory...
DTCC names Sharon Biran its Chief Client Officer
Post-trade market infrastructure for the global financial services industry DTCC today announced the appointment of Sharon Biran as Managing Director and Chief Client Officer, effective March 25. Ms. Biran joins the DTCC Executive Committee and will report to Francis...
5 stock indices to watch :: InvestMacro
JP225 breakout on horizon?CN50 respects bullish channelA wave of key central bank decisions may present fresh trading opportunities in the week ahead!Watch out for the Federal Reserve (Fed), Bank of Japan (BoJ) and Bank of England (BoE) among other...
Barchart introduces integrated Bid, Offer and Hedge management within cmdtyView platform
Barchart, a provider of technology, data and workflow solutions for commodity firms and agribusinesses, announces the launch of integrated Bid, Offer and Hedge management in cmdtyView. cmdtyView is Barchart’s flagship market intelligence, analysis and risk management...
AUD/USD Stabilizes Amid Chinese Economic Data and US Inflation Concerns :: InvestMacro
By RoboForex Analytical DepartmentThe Australian dollar has momentarily halted its downward trajectory against the US dollar, stabilizing around the 0.6565 mark. With a lack of significant domestic data from Australia, the AUD’s movements are largely influenced by the...
SEC charges Delphia and Global Predictions with making false statements about AI use
The Securities and Exchange Commission (SEC) today announced settled charges against two investment advisers, Delphia (USA) Inc. and Global Predictions Inc., for making false and misleading statements about their purported use of artificial intelligence (AI). The...
EURCHF to challenge major resistance? :: InvestMacro
EURCHF bullish on D1/W1 chartsBig week for minor currencyWatch out for EU data + SNB decisionKey level of interest at 0.9640Bloomberg model: 76% chance EURCHF – (0.95270 – 0.97098)Our focus falls on the EURCHF which could be rocked by the EU data dump and Swiss...
Webull Canada launches cash management solution
Digital investment platform Webull Canada today announced the launch of a cash management solution for Canadian investors. With the new offering all Webull Canada customers will now earn 4% CDN interest or 3% USD interest on uninvested cash. Amid ongoing volatility,...
US stock indices are under quarterly expiration pressure. The focus of attention this week is on central bank meetings :: InvestMacro
By JustMarketsAs of Friday’s stock market close, the Dow Jones Index (US30) decreased by 0.49% (for the week +0.12%). The S&P 500 Index (US500) lost 0.65% (for the week +0.10%). The NASDAQ Technology Index (US100) closed negative 0.96% (for the week -0.49%). Last...
FIS collaborates with Stratyfy – FX News Group
Global financial technology leader FIS (NYSE:FIS) today announced that its SecurLOCK card fraud management solution is poised to deliver an increase in accurately identified and prevented fraudulent card transactions utilizing a new collaboration with FIS Fintech...
FCA imposes £5.95M fine and industry ban on Nailesh Teraiya
The UK Financial Conduct Authority (FCA) has decided to fine Nailesh Teraiya, formerly the sole controller and chief executive of Indigo Global Partners Limited, £5.95 million and ban him from carrying out any regulated activity. The FCA has found that Mr Teraiya was...
Eurex lists STOXX Semiconductor 30 Index Futures
Deutsche Boerse’s derivatives arm Eurex is expanding its suite of sector index futures. As of today, Eurex launched its first futures contract based on a semiconductor index. Eurex is thus responding to the growing relevance of the semiconductor industry during recent...
Nuvei confirms receipt of expressions of interest
Canadian fintech company Nuvei Corporation (TSX:NVEI) has received certain expressions of interest. The company has further confirmed that it is engaged in discussions with certain third parties in connection with a potential transaction involving continued...
Worldline partners with payments co Opn
Payment services provider Worldline reinforces its presence in the fast-growing Asian e-commerce market and announces a new strategic partnership with Opn, a leading payments company from Southeast Asia. The two companies will launch a joint solution to help...
Exclusive: IG Group to name Jody Dunn as COO, Sarah Gore Langton CRO
FNG Exclusive… FNG has learned that changes in the senior management C-Suite of leading UK online broker IG Group (LON:IGG) under new CEO Breon Corcoran are continuing. After last week announcing that the company’s CFO (and former Interim CEO) Charlie Rozes, and COO...
GCEX pushing Broker-White-Label business with upgraded trading platform XplorTrader
FX and digital assets broker GCEX has announced the release of what it calls its most sophisticated margin trading platform, XplorTrader. The company said that this upgrade signifies a major step forward in catering to the increasingly sophisticated demands of...
Exclusive: Ben Bilski leaves NAGA Group
FNG Exclusive… FNG has learned that NAGA Group founder, former CEO and most recently Chief Information Officer (CIO) Ben Bilski is leaving the company. Ben Bilski created social trading focused NAGA Group (ETR:N4G), and its main naga.com and nagamarkets.com websites,...
FX week in review: eToro IPO valuation, Swissquote acquisition, Capital.com stops UK onboarding, prop firm payouts
Quite a variety of FX and CFDs industry news stories this past week, ranging from IPO talk to M&A to broker results and a number of management shuffles at leading retail and institutional sector names. What valuation is eToro targeting in an IPO that the company...
GBP, Peso, Soybeans & Australian Dollar 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 March 12th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Mexican Peso Speculator bets touching most bullish levels in 4 years :: 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 March 12th.The COT currency market speculator bets were slightly higher overall this week as six out of...
Mexican Peso Speculator bets touching most bullish levels in 4 years :: 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 March 12th and shows a quick view of how large market...
Cotton, Corn, Coffee, Soybeans, Wheat, Live Cattle, Lean Hogs & Sugar :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday March 12th and shows a quick view of how large...
Speculator Bets led by SOFR 3-Months & 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 March 12th and shows a quick view of how large...
Speculator Bets led by 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 March 12th and shows a quick view of how large traders...
Speculator Bets led by Russell & Nikkei 225 :: 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 March 12th and shows a quick view of how large traders...
CFTC secures Court order imposing over $64M in monetary sanctions on Empires Consulting Corp
The Commodity Futures Trading Commission (CFTC) announces the U. S. District Court for the Southern District of Florida entered a consent order today imposing a permanent injunction, restitution, and civil monetary penalty against Empires Consulting Corp., a Florida...
Barclays Capital gets a slap on the wrist for NYMEX rule violations
International derivatives marketplace CME Group has posted a notice of disciplinary action against Barclays Capital Inc (BCI). Pursuant to an offer of settlement in which Barclays Capital neither admitted nor denied the finding or the rule violation upon which the...
Italy’s CONSOB orders blocking of access to seven unauthorized investment websites
Italy’s Companies and Exchange Commission (CONSOB) has issued orders for the blocking of access to seven unauthorized investment websites. The targeted websites are: “Mib40fx” (website https://mib40fx.com and related pages https://crm.mib40fx.com and...
Interactive Brokers adds new account menu to IBKR Mobile app
Electronic trading major Interactive Brokers has enhanced the IBKR Mobile app for iOS-based devices. Version 9.10 of the solution introduces a new, much more powerful account menu that replaces the More menu. Navigation should be easier with more items available in...
Rising US producer inflation may reduce the number of scheduled Fed rate cuts :: InvestMacro
By JustMarketsAs of Thursday’s stock market close, the Dow Jones Index (US30) was down 0.35%, the S&P 500 Index (US500) decreased by 0.29%, and the NASDAQ Technology Index (US100) closed negative 0.30%.The US weekly initial jobless claims fell by 1,000 to 209,000,...
JFX forex data becomes accessible on TradingView
TradingView has extended its data offerings with currency pairs from JFX. With a robust array of features and a commitment to meeting customer needs, JFX has emerged as a trusted partner for traders worldwide. Founded in 2005, JFX is one of the leading providers of FX...
This Copper Co. May Be a Perfect Proxy for 2024 Metals Advances, Expert Says :: InvestMacro
Michael Ballanger of GGM Advisory Inc. shares his take on the current copper market, as well as a few copper stock recommendations.Copper prices rocketed up and through the $4.00/lb. level yesterday morning, sending Freeport-McMoRan Inc. (FCX:NYSE) to a new reaction...
Broker CRM provider UpTrader integrates crypto payments via Helio
Brokerage software solutions provider UpTrader has announced a strategic partnership with cryptocurrency payment platform Helio. The company said that this collaboration marks an important improvement in payment processes, offering UpTrader’s clients access to swift...
Yen Weakens Despite Japan’s Deflation Exit :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair is rising, reaching 148.28 on Friday. The US dollar is strengthening across the market following the release of US retail sales data.This information is prompting market participants to reassess their expectations for...
Dukascopy changes weekend margin requirements
Dukascopy Bank is lowering the margin requirements valid during weekends. The requirement is applied Fridays for all clients holding JForex Trading Accounts. Starting 15 March 2024 the 1:30 weekend leverage will be replaced by the more attractive 1:50 leverage with...
FINRA fines Osaic Wealth and Securities America for failing to prevent cyber intrusions
The Financial Industry Regulatory Authority (FINRA) has fined Osaic Wealth, Inc., formerly known as Royal Alliance Associates, Inc. and Securities America, Inc. From January 2021 through March 2023, Osaic Wealth and Securities America each failed to establish and...
Capital.com halts onboarding of UK clients
London based Retail FX and CFDs broker Capital.com has posted a note on its website in the UK that it has made the decision to pause onboarding new clients in the UK, for now. The note states that the company has “grown rapidly” as a business, and Capital.com wants to...
HK regulator warns public against unlicensed virtual asset trading platform MEXC
Hong Kong’s Securities and Futures Commission (SFC) today issued a warning against a purported virtual asset trading platform (VATP) known as “MEXC”. MEXC, which is actively promoting its services to Hong Kong investors, has neither been licensed by the SFC nor...
TSE imposes ¥100M fine on SBI SECURITIES
Tokyo Stock Exchange, Inc. (TSE) and Osaka Exchange, Inc. (OSE) have taken disciplinary action against SBI SECURITIES Co., Ltd. The Exchanges have requested that the company submit a business improvement report. TSE has imposed a JPY 100 million fine on the company...
Doo Financial HK obtains Type 1 license in Hong Kong
Doo Group’s subsidiary, Doo Financial HK Limited, has secured a Type 1 (Dealing in Securities) License from the Hong Kong Securities and Futures Commission (SFC). According to Hong Kong regulation requirements, a company must obtain Type 1 license from the SFC to...
OCC imposes $250M fine on JPMorgan Chase Bank
The Office of the Comptroller of the Currency (OCC) today announced a $250 million civil money penalty against JPMorgan Chase Bank, N.A. (JPMC) related to deficiencies in its trade surveillance program. The OCC found that JPMC operated with gaps in trading venue...
Advanced Markets’ VP Anya Aratovskaya leaves for FOUNT Global
Longtime Advanced Markets’ VP Institutional FX Sales and Marketing Anya Aratovskaya has announced that she is taking leave of the company and the FX industry (sort of), to join a Washington DC based work friction management platform provider called FOUNT Global. Anya...
BeeOptions operators hit with $204M US court order in Binary Options fraud
The U.S. Commodity Futures Trading Commission has announced that the U.S. District Court for the Western District of Texas entered an order of final judgment against Jonathan Cartu, Leeav Peretz, Nati Peretz, all believed to be residents of Israel, and Blue Moon...
Canadian Dollar Seeks Opportunities for Growth :: InvestMacro
By RoboForex Analytical DepartmentThe USDCAD pair remains within a sideways range, with the Canadian dollar occasionally showing a tendency to strengthen.Recent DES data revealed that Canadian households have become more affluent. In Q4 2023, their “net” worth...
Exclusive: Prop firm The Funded Trader halts payouts amid ‘self imposed internal audit’
FNG Exclusive… FNG has learned that prop trading firm The Funded Trader has halted payouts to its clients. Miami based The Funded Trader is one of a number of leading prop trading firms serving retail clients which has been forced to stop using MetaTrader trading...
Robo-advisers are here – the pros and cons of using AI in investing :: InvestMacro
By Laurence Jones, Bangor University and Heather He, Bangor University Artificial intelligence (AI) is shaking up the way we invest our money. Gone are the days when complex tools were reserved for the wealthy or financial institutions.AI-powered robo-advisers, such...
Silverbird Global Limited enters special administration
The UK Financial Conduct Authority (FCA) today confirmed the entry into administration of Silverbird Global Limited (SGL). On 13 March 2024, Silverbird Global Limited (SGL) entered special administration under the Payment and Electronic Money Institution Insolvency...
Silver prices have reached a one-year high. Oil is growing amid a decline in inventories :: InvestMacro
By JustMarketsAt Wednesday’s close of the stock market, the Dow Jones Index (US30) was up 0.09%. The S&P 500 Index (US500) decreased by 0.19%. The NASDAQ Technology Index (US100) closed negative 0.54%. The Dow Jones Industrials Index received support from...
TradingView partners with QuickSwap – FX News Group
TradingView today announced its collaboration with QuickSwap, a decentralized exchange and DeFi ecosystem built on Polygon. Through this collaboration, TradingView Advanced Charts get integrated into QuickSwap’s decentralized Perpetual Exchange (QuickPerps) interface,...
USDJPY, Silver & Crude reach targets! :: InvestMacro
Check out these potential profits that you may have missed from our Daily Market Analysis.USDJPY bulls lock in 80 pips Silver up almost 3% this weekCrude hits all bullish targets 1) USDJPY rebound lends bulls support Where and when was Target Price (TP)...
HK regulator warns public against unlicensed virtual asset trading platform Bybit
The Hong Kong Securities and Futures Commission (SFC) today warns the public of an unlicensed virtual asset trading platform (VATP) known as Bybit, which offers trading services in crypto-related products in a number of jurisdictions. The concerned crypto-related...
Exclusive: YCM Invest (formerly Finotec) sees Revenues collapse 67%, Net Loss in 2022
FNG Exclusive… FNG has learned via regulatory filings that FCA licensed institutional broker YCM Invest saw its Revenues drop by more than two-thirds in 2022, as the company rebranded from Finotec to its new name, YCM Invest. (The group’s corporate name was similarly...
iSAM Securities UK reports Revenues of £31.6M, Operating Profit £176K in 2023
iSAM Securities (UK) Limited, the UK entity of multi-billion dollar hedge fund iSAM Group’s trading division, iSAM Securities, has submitted its 2023 financial results, reporting a turnover of £31.6m for y/e June 2023 (£35.0m 2022) in a slightly subdued trading...
Muinmos and FX Back Office integrate Onboarding and CRM platforms
Danish RegTech firm Muinmos and Cyprus-based FX CRM provider FX Back Office have announced that they have formed a partnership to provide a streamlined onboarding, KYC and CRM solution for FX brokers worldwide. By integrating their platforms, financial institutions...
Worldline Italia enters into exclusive negotiations with Cassa Centrale Group on payments partnership
Provider of payments services Worldline has been chosen by the Cassa Centrale Group to pursue exclusive negotiations for a long-term partnership in the acquiring world. The collaboration involves the provision of services along the value chain of digital payment...
United Fintech management shuffle: new CFO, CCO, Athena CEO named
Following recent strategic investments made by Citi and BNP Paribas, fintech acquisition umbrella group United Fintech has named Troels O. Lindblad as CFO and Rasmus Bagger as CCO, while Marc Levin advances to CEO of Athena Systems in a management reshuffle. The...
Spotex hires Integral alum Stuart Peck for institutional sales
FX and digital assets tech and liquidity solutions provider Spotex has announced the appointment of Stuart Peck as Executive Director, Institutional Sales and Distribution EMEA. In his new role, Stuart Peck will be based in London reporting directly to John Miesner,...
Hannah Robson joins iSAM Securities as Sales Director
London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that it has hired Hannah Robson as Sales Director, in a strategic move to spearhead initiatives for future transformative growth. The company said that Hannah’s wealth of...
Fiserv appoints Ajei Gopal to BoD
Fiserv, Inc. (NYSE:FI), a global provider of payments and financial services technology, today announced the appointment of Ajei Gopal to its board of directors. Gopal has served as president and chief executive officer of engineering simulation solution provider...
Copper Has a Vital Role in the Modern Economy :: InvestMacro
Source: John Newell (3/12/24)John Newell of Golden Sky Minerals (AUEN.V) explains his view on where the copper market is going and shares one stock he believes is an attractive opportunity for forward-thinking investors.In the heart of today’s technological and...
Exclusive: Saxo Bank CMO Emil Valdemar Madsen leaves for Mindshare
FNG Exclusive… FNG has learned that some changes are happening in the senior management C-Suite of Copenhagen based Retail FX and CFDs broker Saxo Bank, including the departure of the company’s Chief Marketing Officer (CMO), Emil Valdemar Madsen. Emil Valdemar Madsen...
Stripe passes $1 trillion in payment volume in 2023
Online payments giant Stripe has released its annual letter for 2023, unveiling some interesting stats about the company and its direction, as well as the overall health of the internet economy. The Stripe annual letter (see full text below), signed by co-founders and...
US Dollar Strengthens Amid Inflation Data :: InvestMacro
By RoboForex Analytical DepartmentAs of Wednesday, the EUR/USD pair is hovering near 1.0925 after experiencing a volatile session, with expectations for a more subdued week ahead.Recent statistical data highlighted higher-than-expected inflation in the US for...
CySEC grants regulatory approval to 82 firms in 2023
The Chairman of the Cyprus Securities and Exchange Commission (CySEC), Dr George Theocharides, highlighted during a press conference, the supervisory work of CySEC for 2023. Within 2023, a total of 82 entities received approval, with the number of supervised entities...
ECB intends to cut rates this spring. The US stock indices grow despite inflation growth :: InvestMacro
By JustMarketsAt Tuesday’s stock market close, the Dow Jones Index (US30) rose by 0.61%. The S&P 500 Index (US500) was up 0.61%. The NASDAQ Technology Index (US100) closed positive 1.54%. Despite a slight rise in inflation, stock indices refuse to fall. The...
Options Technology secures Microsoft Cloud Security Specialization
Options Technology, a provider of cloud-enabled managed services to the global financial sector, announces its achievement of the Microsoft Cloud Security Specialization. This designation is the next step in Options’ journey towards excellence in security solutions,...
Bulls down but not out :: InvestMacro
H4/D1 upside momentum still in playPrices above 50 EMA & MACD bullishCCI indicator hints possible oversold situation4 potential targets on H4 timeframeBullish scenario void below 23.943After closing over 1% lower in the previous session, Silver kicked off...
Adaire Fox-Martin to become Equinix President and CEO
Digital infrastructure company Equinix, Inc. (NASDAQ:EQIX) has announced a planned leadership transition effective late Q2 2024 whereby current President and CEO Charles Meyers will transition to the role of Executive Chairman, and Google Cloud Go-to-Market President...
Exclusive: oneZero promotes Nikolas Aresti to Director of Operations
FNG Exclusive… FNG has learned that multi-asset enterprise trading technology solutions provider oneZero Financial has promoted London based executive Nikolas Aresti to the position of Director of Operations, US/UK. Nikolas Aresti has been with oneZero for seven...
TRAction partners with AI platform Duco on transaction reporting automation
Regulatory technology provider TRAction has announced that it has partnered with Duco, the AI platform for enterprise data automation, to provide complete control solutions for transaction reporting to assist its clients with their reconciliation processes. As part of...
DKK Partners hires Zain Abbas as Head of Product
London based DKK Partners, which specialises in emerging markets (EM) and foreign exchange (FX) liquidity, has announced that the company has appointed Zain Abbas as its new Head of Product, to spearhead the development and innovation of its tailored FX services. DKK...
GBE Brokers gets integrated with TradingView
TradingView welcomes GBE brokers, a German Forex and CFD provider, to the list of broker integrations. GBE brokers offers Forex and CFD trading on indices, metals, shares, energies, futures, commodities and bonds. The broker was founded in 2013, aiming to positively...
Why the Decline May Have Just Started :: InvestMacro
This index has already retreated 20% since May 2022 By Elliott Wave InternationalThe major bust in property prices 15 to 20 years ago started with the residential real estate market.This time, the commercial real estate market may have taken the lead. Here are some...
Visa, Taulia / SAP partner to make embedded finance accessible to businesses worldwide
Visa (NYSE:V) and Taulia, an SAP company, have announced a new partnership to make embedded finance accessible to businesses worldwide. The collaboration will incorporate Visa’s digital payments technology into Taulia Virtual Cards, a solution that integrates with SAP...
FlexTrade integrates with Coinbase Prime
FlexTrade Systems, a provider of multi-asset execution and order management systems, today announced a direct integration with Coinbase Prime, an institutional prime broker platform for digital and crypto assets. With the integration to Coinbase Prime, FlexTrade...
New FXTM index enters “bull market” today! :: InvestMacro
By ForexTimeFXTM launches brand new CHINAH stock indexCHINAH index has now risen over 20% from January lowCHINAH is most-volatile and “cheapest” stock index within FXTM universeCHINAH pays higher dividends than many peersWall Street predicts that CHINAH could climb...
Integral names Timothy Nobles its Chief Commercial Officer
Provider of privacy analytics solutions Integral today announced the appointment of Timothy Nobles as the company’s new Chief Commercial Officer. Nobles, who previously served as Integral’s General Manager, will now oversee the company’s sales, marketing, and business...
botched economic reforms plunge the country into crisis :: InvestMacro
By Chisom Ubabukoh, O.P. Jindal Global University and Kunal Sen, United Nations University Nigeria, Africa’s largest economy, is facing an economic crisis. From a botched currency redesign to the removal of fuel subsidies and a currency float, the nation has been...
Admirals introduces AI-based analytical research terminal
Retail FX and CFD broker Admirals today announced the official addition of its latest analytical solution for MT4 and MT5 traders. This enhancement, powered by AI technology and developed in collaboration with Acuity, a leading AI-based fintech solutions provider,...
Venezuelan migrants are boosting economic growth in South America, says research :: InvestMacro
By Jose Caballero, International Institute for Management Development (IMD) Venezuela is engulfed in a political and economic crisis, which has forced over 6 million people – some 20% of the population – to flee the country since 2015. The mass exodus began when...
Marex adds John W. Pietrowicz to Board
Diversified global financial services platform Marex today announced that John W. Pietrowicz has been appointed to the Group Board and is expected to join later this year. He will serve as a member of the Audit & Compliance Committee. John W. Pietrowicz Mr...
How Florida’s home insurance market became so dysfunctional, so fast :: InvestMacro
By Latisha Nixon-Jones, Jacksonville University Imagine saving for years to buy your dream house, only to have surging property insurance costs keep homeownership forever out of reach.This is a common problem in Florida, where average insurance premiums cost...
Sumsub teams up with Chainalysis to boost compliance and monitoring for crypto clients
Today Sumsub, a global full-cycle verification provider, announces its integration with blockchain data platform Chainalysis. This partnership combines Sumsub’s Transaction Monitoring and Travel Rule solutions with Chainalysis’ extensive blockchain analytics platform...
Natural gas prices are falling again. Chinese indices are growing amid support from the Central Bank :: InvestMacro
By JustMarketsThe Dow Jones Index (US30) was up 0.12% at Monday’s stock market close. The S&P 500 Index (US500) was down 0.11%. The NASDAQ Technology Index (US100) closed negative 0.41%. Stocks traded slightly lower on Monday amid rising 10-year T-note yields and...
Options partners with Dukascopy – FX News Group
Options Technology today announced a new partnership with Swiss online bank Dukascopy. The partnership is set to provide customers with real-time market data for US Equities alongside Options’ pre-deployed technology stack which consumes, translates, and broadcasts...
Deutsche Börse’s institutional spot crypto platform DBDX concludes first trades
Frankfurt based exchange operator Deutsche Börse (ETR:DB1) has announced that its newly established digital exchange DBDX has started successfully, and settled its first trades. During the first transactions by ICF Bank and Bankhaus Metzler on DBDX, the crypto-asset...
Standard Chartered unveils changes to its Group Management Team
Standard Chartered PLC has announced changes to its Group management structure to create a simpler and more efficient organisation. The changes are effective 1 April 2024. Roberto Hoornweg, currently Global Head, Financial Markets and Sunil Kaushal, currently Regional...
FX trading technology shifts to “Buy, Build and Integrate”
The following is a guest editorial courtesy of Stephen Totten, Managing Director – Head of Institutional and Quantitative Products at multi-asset technology solutions provider oneZero Financial Systems. Stephen Totten FX traders can now avoid a binary choice of...
SmartStream announces launch of enhanced derivatives data service
SmartStream Reference Data Services (RDS), a leading provider of financial reference data, has announced the launch of an enhanced derivatives data service, providing in-depth insights into futures related transactions. This expansion is crucial for meeting EMIR Refit...
TP ICAP launches second share buyback programme of £30M
Following the completion of its first buyback programme of £30 million in January 2024, TP ICAP Group plc (LON:TCAP) announces that it will commence a second share buyback programme, starting today, of TP ICAP’s ordinary shares of 25p each for a maximum consideration...
Aquis Exchange partners with Martley Capital to establish new real assets market segment
Martley Capital Group, the real estate investment company founded by Richard Croft, is working with London-based Aquis Exchange PLC, to establish a new segment of the Aquis Growth Market dedicated to trading in real asset backed investments. The initiative will see...
Webull adds futures and commodities trading to offering
Webull today announced the expansion of its product offerings, adding futures and commodities trading, which gives customers an opportunity to further diversify their portfolios. Futures trading will provide Webull users with a platform to participate in the futures...
Exclusive: IG Group’s Head of Marketing Partnerships Aneira Henery-Morley departs
FNG Exclusive… Following up on our recent coverage of a number of changes at leading UK based online broker IG Group (LON:IGG), FNG has learned that the company’s Head of Marketing Partnerships, Aneira Henery-Morley, has left the company. Aneira Henery-Morley joined...
SEC obtains judgment against friend of ex-Coinbase manager for insider trading
The U.S. District Court for the Western District of Washington has entered a final judgment against Sameer Ramani, who was previously charged for engaging in insider trading through a scheme to trade ahead of multiple announcements regarding at least nine crypto asset...
Yen bulls to clap back? :: InvestMacro
By ForexTime JPY is G10’s best-performer today, also month-to-dateYen climbing on creeping bets for imminent Bank of Japan hikeTuesday’s US inflation release will feed market’s main obsessionFriday’s Japan wage negotiations results are key for BoJBloomberg forecast:...
Mastercard appoints Jon Huntsman, Jr. as Vice Chairman and President, Strategic Growth
Mastercard today announced Jon Huntsman will join as Vice Chairman and President, Strategic Growth, effective April 15. The former U.S. Ambassador and Governor will lead efforts focused on expanding commercial partnerships with governments and public sector...
Japanese Yen Surges to Monthly High as Economy Shows Signs of Growth :: InvestMacro
By RoboForex Analytical DepartmentThe Japanese yen strengthened against the US dollar on Monday, reaching a month-long peak following the release of statistics indicating Japan’s return to economic growth in Q4 2023. This development effectively ends the previously...
Nomura introduces Nomura Capital Management
Nomura Holdings, Inc. has realigned the firm’s collective asset and investment management capabilities in the Americas under the new brand Nomura Capital Management LLC (NCM). The new brand is a subsidiary of Nomura Holding America Inc. (NHA) and will integrate Nomura...
The US labor market is cooling. ECB officials talked about cutting rates in the spring :: InvestMacro
By JustMarketsAt Friday’s stock market close, the Dow Jones Index (US30) decreased by 0.18% (for the week -0.63%). The S&P 500 Index (US500) was down 0.65% (for the week -0.14%). The NASDAQ Technology Index (US100) closed negative 1.16% (for the week...
ICE launches MSCI Index Total Return Futures
Intercontinental Exchange, Inc. (NYSE:ICE) today announced the launch of MSCI Index Total Return Futures (TRFs). ICE’s MSCI® TRFs offer investors a way to gain exposure to MSCI’s flagship indices: MSCI EAFE Index, MSCI Emerging Markets Index, MSCI USA Index and MSCI...
CQG unveils AI predictive model for traders
CQG, a leading global provider of high-performance technology solutions for market makers, traders, brokers, commercial hedgers and exchanges, today announced completion of internal testing and proof-of-concept using live data on what the firm believes to be a...
FCA imposes £897,840 fine on Inspirational Financial Management
The UK Financial Conduct Authority (FCA) has fined Inspirational Financial Management Ltd (IFM), which is in administration, £897,840. IFM poorly advised people to transfer out of defined benefit (DB) pension schemes, including the British Steel Pension Scheme (BSPS)....
MAP FinTech reg reporting tools integrated with Brokeree Solutions
Broker tech solutions provider Brokeree Solutions has announced the integration of its flagship Liquidity Bridge with MAP FinTech, a global regulatory technology provider and one of the first providers in Europe to have reported under the European Market...
TerraPay, Alfardan Exchange partner on advanced digital cross-border remittance solutions
TerraPay, a global cross-border payments network, has announced a strategic partnership with Alfardan Exchange. This collaboration aims to leverage TerraPay’s advanced digital payment infrastructure and Alfardan Exchange’s established presence in the industry, marking...
EquitiesFirst names Andrew Stevens its Principal Representative, MENA
Equity-backed financing specialist EquitiesFirst today announced the appointment of Andrew Stevens as Principal Representative of the Middle East and North Africa (MENA) of Equities First Holdings Hong Kong Ltd (DIFC Representative Office) in the Dubai International...
FCA issues statement on cryptoasset ETNs for professional investors
The UK Financial Conduct Authority (FCA) has updated its position on cryptoasset-backed Exchange Traded Notes (ETNs) for professional investors. The regulator explains that it will not object to requests from Recognised Investment Exchanges (RIEs) to create a UK...
eToro targeting $3.5 billion+ valuation in London or New York IPO
eToro CEO Yoni Assia was quoted over the weekend in UK business news site Financial Times (ft.com) saying that the company is considering going public in an IPO this year, after seeing client trading volumes rise in recent weeks to “levels of activity that we haven’t...
FX week in review: Blueberry Markets cuts MT4/MT5 prop firms, trading volumes fall, Skilling CEO out
Wow! Before we get to this week’s top FX and CFDs industry news stories, we’re pleased to report record visitor stats here at FNG for the month of February. While in the past we’ve shared with our audience data on FNG’s dominance of social media in the FX news space,...
Stephan Leithner named CEO of Deutsche Börse AG
The Supervisory Board of Frankfurt based financial markets operator Deutsche Börse AG (ETR:DB1) has announced that Stephan Leithner has been appointed as the company’s new Chief Executive Officer. The 57-year-old will take up his new position on 1 October 2024, and...
ECB kept interest rates unchanged and delayed the first cut until the summer. Increased tension in the Middle East supports oil growth :: InvestMacro
By JustMarketsAt Thursday’s stock market close, the Dow Jones Index (US30) was up 0.34%, the S&P 500 Index (US500) added 1.03%, and the NASDAQ Technology Index (US100) closed positive 1.51%. Meanwhile, the S&P 500 (US500) and NASDAQ (US100) indices rose to new...
Cyprus court rejects fine appeal of former Interactive Option and Hello Brokers directors
Cyprus financial regulator The Cyprus Securities and Exchange Commission (CySEC) has announced that that it would like to inform the public on the issuance of the decision on 16 January 2024, by the Cyprus Administrative Court, on the below joint Applications: (a) No....
USDInd primed for data heavy week :: InvestMacro
Data packed week could rock USDWatch out for US CPI reportUSDInd bearish on D1 but RSI oversoldKey level of interest at 102.80Even as markets brace for potential volatility ahead of the US jobs report this afternoon (Friday 8th March), investors are mindful of the...
Exclusive: Skilling CEO Michael Kamerman resigns
FNG Exclusive… FNG has learned that Michael Kamerman, the longtime CEO of Retail FX and CFDs broker Skilling, has resigned his position and left the company. Michael Kamerman joined Skilling as CEO in 2020. Prior to Skilling, Michael spent 15 years at FXCM, starting...
Gold Reaches Unprecedented High Amid Economic Uncertainties :: InvestMacro
By RoboForex Analytical DepartmentGold trading reached a significant milestone on Thursday, with prices hitting an all-time high of $2150.00 per Troy ounce. This remarkable surge was propelled by a confluence of factors. These include the decline in US government bond...
The Bank of Canada kept rates unchanged and maintained its dovish bias. The ECB will also keep all policy settings unchanged today :: InvestMacro
By JustMarketsAs of Wednesday’s stock market close, the Dow Jones Index (US30) was up 0.20%, the S&P 500 Index (US500) added 0.51%, and the NASDAQ Technology Index (US100) closed positive 0.58%.Fed Chairman Powell said in front of Congress that it would likely be...
Exness trading volumes slip by 9% in February 2024 to $3.53 trillion
Leading multi-asset broker Exness has reported a 9% month-over-month drop in client trading volumes for February 2024, with activity coming in at $3.534 trillion, versus $3.868 trillion in January. Despite the volume decline, February 2024 did see a record number of...
Palladium Is Good on Every Time Frame :: InvestMacro
Barry Dawes of Martin Place Securities shares his thoughts on the current state of gold, silver, nickel, cobalt, and palladium and explains why he believes silver is breaking out and palladium is ready to skyrocket.Gold makes another new closing high in US$, and much...
Robinhood inks deal with Rich Paul’s KLUTCH Sports for partnerships
US neobroker Robinhood (NASDAQ:HOOD) has announced that it has signed a new strategic partnership with KLUTCH Sports Group, that will see KLUTCH Sports and its Property Sales division serve as Robinhood’s agency of record for partnerships in the sports and...
Solid Capital Returns Give This Texas Oil Co. a Buy Rating :: InvestMacro
Source: Leo Mariani (3/6/24)Solid returns of capital, including dividends and buybacks, higher production growth vs. peers, and discounted valuation vs. Permian peers, are the reasons Permian is rated a Buy, according to a Roth MKM research note. Roth MKM analyst Leo...
Nuvei announces enhancements to its payment platform
Canadian fintech company Nuvei Corporation (TSX:NVEI) today announces the latest enhancements to its payment platform, an advanced network tokenization solution that enables its partners to benefit from smoother, more efficient, and more secure transactions in their...
FLEETCOR to rebrand to Corpay
FLEETCOR Technologies, Inc. (NYSE:FLT), a global payments company, announced today its plans to rebrand the company to Corpay. The name change better reflects the company’s current portfolio of corporate payment solutions. This name change will take effect on March...
Crypto platform ShapeShift to pay $275k to settle SEC charges
The Securities and Exchange Commission (SEC) has charged ShapeShift AG, a Swiss company that previously operated out of Colorado, with acting as an unregistered dealer in connection with its operation of an online crypto asset trading platform. To settle the SEC’s...
NorthWall Capital adopts Broadridge’s Sentry portfolio management solution
London-based credit investment firm NorthWall Capital has adopted the Sentry loan portfolio management solution from global Fintech leader Broadridge Financial Solutions, Inc (NYSE:BR). “As we enter our next phase of growth, the adoption of Sentry will be invaluable...
Belgium’s FSMA warns consumers against shadow investment game
Belgium’s Financial Services and Markets Authority (FSMA) today issued a warning regarding the risks associated with the activities of so-called prop trading firms. The latter are parties that trade for their own account and offer consumers the opportunity to play a...
Exclusive: VT Markets hires Equiti exec Ahmad Qutaishat as Sales Director MENA
FNG Exclusive… FNG has learned that Retail FX and CFDs broker VT Markets has hired Dubai based executive Ahmad Qutaishat as Sales Director for the MENA region. Ahmad Qutaishat joins VT Markets after spending the past five and a half years at leading MENA based broker...
Mox launches Express Remit to make global money transfers easier
Mox Bank Limited has launched Express Remit, a hassle-free global money transfers service that allows Mox customers to transfer money internationally anytime, from their Mox app. Powered by Wise Platform, Express Remit enables customers to send their money in ten...
TradingView adds IC Markets to list of partners
To further expand trading opportunities for users, TradingView has integrated a new global partner — IC Markets. Established in 2007, IC Markets delivers trading solutions with low latency connectivity and ample liquidity. Today, their mission is to bridge the divide...
Lithium-ion batteries don’t work well in the cold – a battery researcher explains the chemistry at low temperatures :: InvestMacro
By Wesley Chang, Drexel University Rechargeable batteries are great for storing energy and powering electronics from smartphones to electric vehicles. In cold environments, however, they can be more difficult to charge and may even catch on fire.I’m a mechanical...
BidX confirms rebrand to Multi Asset Solutions / MAS Markets
Following our FNG Exclusive report from last week that this was in the works, FCA regulated multi-asset liquidity and trading technology provider BidX Markets has confirmed that the company is rebranding as Multi Asset Solutions, or MAS Markets for short. The brand’s...
Prop firm MyFundedFX goes live with cTrader platform, broker Purple Trading
Dallas, Texas based retail prop trading firm MyFundedFX has announced that it has gone live with the cTrader trading platform, via CFDs broker Purple Trading Seychelles, the offshore arm of Cyprus based broker Purple Trading. MyFundedFX is one of a handful of prop...
Spain’s AEPD halts data collection by Worldcoin
Spain’s Data Protection Agency (AEPD) has ordered Tools for Humanity Corporation to cease the collection and processing of personal data that it is carrying out in Spain within the framework of its Worldcoin project. The AEPD has received several complaints against...
CMC Markets CFO and Deputy CEO acquire shares under incentive plan
CMC Markets Plc (LON:CMCX), a global provider of online trading and platform technology, today announced transactions in its shares by top management. David John Fineberg, deputy CEO of CMC Markets, and Albert Soleiman, CFO of the broker, acquired shares in CMC...
Waits on spring budget 2024 :: InvestMacro
UK100 trapped within rangeUK Spring budget could impact indexPrices above 50, 100 and 200-day SMADouble bottom on D1 chartKey weekly resistance at 7689.2After swinging within a range on the weekly charts, the UK100 which tracks the underlying FTSE100 index could be...
TradingView introduces new screener functionality
TradingView has introduced a new functionality of its screeners that allows traders to analyze data on symbol charts. Now there are two ways of data display in Stock, ETF, and Crypto coins screeners: Table view — data is presented in a table with column sets. Chart...
Is the United States overestimating China’s power? :: InvestMacro
By Dan Murphy, Harvard Kennedy School Which country is the greatest threat to the United States? The answer, according to a large proportion of Americans, is clear: China.Half of all Americans responding to a mid-2023 survey from the Pew Research Center cited China as...
LME announces new senior leadership appointments
The London Metal Exchange (LME) today announced a number of senior leadership appointments and organisational design changes. The LME appointments come into effect 1 April 2024. Susan Small is appointed as General Counsel, overseeing the legal function across LME and...
Today, the focus of investors’ attention is directed to the Bank of Canada meeting, as well as Jerome Powell’s testifies before Congress :: InvestMacro
By JustMarketsAs of Tuesday’s stock market close, the Dow Jones Index (US30) decreased by 1.04%. The S&P 500 Index (US500) lost 1.02%. The NASDAQ Technology Index (US100) closed negative at 1.65%. All 3 indices fell off the lows of the week. Weakness in technology...
DTCC advances pilot to further automate corporate actions process
DTCC today announced a pilot to further automate the corporate actions (CA) process, delivering new efficiencies and capabilities that address decades-long asset services challenges around the sourcing of corporate actions announcements. The pilot, which includes two...
Dukascopy warns against clone of its website
Dukascopy Bank SA has once again been targeted by a fraudulent entity abusing its details. Fraudulent entities that use the data (name, logo, address, etc) of authorised companies are known as clones. Although the clone resemble the authorised businesses, they have...
Binance issues notice on problems with withdrawals on SOL network
Crypto exchange Binance has issued a notice on the suspension of withdrawals on the Solana (SOL) network. The withdrawals have been suspended since March 4, 2024. Binance is working on a solution. The full announcement by Binance can be read below: “Fellow Binancians,...
eToro partners with Moneyfarm to offer eToro ISA to UK clients
Online broker eToro is offering UK residents the eToro ISA powered by Moneyfarm. An ISA (individual savings account) is a tax-free savings or investment account that allows you to put your ISA allowance (that’s £20,000 each tax year) to work and maximize the potential...
Capita incurs net costs of £25M due to cyber incident
Provider of business process services Capita plc (LON:CPI) today provided an update on the cyber incident that occurred in March 2023. In March 2023, a threat actor gained unauthorised access to certain of Capita’s systems which caused disruption to client services in...
Bitstamp secures in-principle crypto license approval in Singapore
Luxembourg based crypto exchange Bitstamp has announced that it has received an in-principle approval from the Monetary Authority of Singapore (MAS) for its Major Payment Institution licence. The approval from MAS will soon enable Bitstamp to provide digital payment...
BBVA Technology leaps to LatAm, to be headquartered in Mexico
BBVA Technology, created by the bank in late 2023, makes the leap to Latin America. The new tech division will be headquartered in Mexico, under the brand name ‘BBVA Technology en América.’ The new organization is the outcome of a merger of several tech firms...
Niall Cameron joins BMLL as director and investor
Financial data and analytics company BMLL has announced the appointment of Niall Cameron as Non-Executive Director, to support the strategic development of the business. At the same time, Cameron joins BMLL’s group of investors. A former HSBC, IHS Markit and ABN Amro...
Mox Invest becomes available to all HK consumers
Mox Bank Limited aims to reinvent the wealth management and banking experience by making its Mox Invest service available to current and new Mox customers in Hong Kong. The 24/7 service brings Mox’s user experience to wealth management, making it the first Hong Kong...
EURCAD knocks on major resistance :: InvestMacro
By ForexTimeBoC/ECB combo could rattle EURCADBoth central banks expected to hold ratesKeep eye on updated ECB economic projectionsEURCAD bullish on D1 but RSI overboughtKey levels of interest at 1.4650 & 1.4750A central bank combo featuring the Bank of Canada...
FCA warns of clone of Aquis Exchange
The UK Financial Conduct Authority (FCA) has issued a warning against a clone of Aquis Exchange. Clones are fraudulent entities that copy the details (name, address, license number, logo, etc) of firms the FCA authorises to try and convince people that their firm is...
EUR/USD Shows Strength Amid Anticipation of Key Events :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair is exhibiting resilience, navigating around the 1.0850 mark on Tuesday, following a sequence of rises in the previous two sessions. The current market atmosphere is one of cautious optimism, as participants brace for...
Binance to halt all Nigerian Naira services
Binance will discontinue all Nigerian Naira (NGN) services. Binance clients are encouraged to withdraw NGN, trade their NGN assets or convert NGN into crypto prior to the discontinuation of these NGN services. From March 8, 2024 08:00 (UTC), any remaining NGN balances...
Is Energy Transfer (ET) a Buy Opportunity Amidst Acquisition Momentum? :: InvestMacro
By Ino.comAs a merger frenzy sweeps across the U.S. oil industry, pipeline operators are seizing the opportunity to join the fray. Fueled by ambitions to enhance scale, optimize assets, and capitalize on lucrative export markets, they’re making their mark by jumping...
Exclusive: CPT Markets hires INFINOX exec Razvan Rotaru to head Institutional Sales
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 Razvan Rotaru as Head of Institutional Sales for CPT Markets UK. Razvan Rotaru joins CPT Markets...
New FXTM stock index hits record high! :: InvestMacro
By ForexTime FXTM launches 6 new stock indices11 of FXTM’s 18 total indices hit all-time peaks so far in 2024TW50 index is latest to join the record-high partyTW50 historically outperformed many Asian/European peersLess-volatile TW50 may be more suited for risk averse...
Visa and Western Union announce 7-year agreement on cross-border money transfer
Today, Visa (NYSE:V) announced a 7-year agreement with Western Union (NYSE:WU). Under the new deal, Western Union customers will be able to send money to their family and friends’ eligible Visa cards and bank accounts in 40 countries across five regions. The agreement...
Inflation is falling in Switzerland. Oil declines despite OPEC+ countries extending production cuts :: InvestMacro
By JustMarketsAt Monday’s stock market close, the Dow Jones Index (US30) was down 0.25%. The S&P 500 Index (US500) decreased by 0.12%. The NASDAQ Technology Index (US100) closed negative 0.41%. Stocks are seeing coverage of previously open positions. Markets await...
Payment provider APS adds built-in payments in MT5
MetaTrader trading platform developer MetaQuotes has announced that Kazakhstan based company Advanced Payment Solutions (APS) has joined MetaTrader 5 Payments, a service designed to streamline client onboarding, boost deposit transaction conversions, and reduce broker...
FCA sends Dear CEO letter warning of AML failings
UK financial regulator Financial Conduct Authority (FCA) has today warned certain financial firms about common failings it has found in firms’ financial crime controls. The FCA said that it has written to CEOs of “Annex 1” firms setting out our findings from its...
What This “Record Extreme” May Be Signaling :: InvestMacro
“The total easily exceeds the prior net long extreme”By Elliott Wave InternationalWhen most everyone agrees on the future trend of a market, it’s almost guaranteed that the market will go in the other direction — sooner rather than later.The reason why is that there...
Deutsche Börse Digital Exchange goes live
Deutsche Börse Group, one of the world’s leading exchange organisations, has launched the Deutsche Börse Digital Exchange (DBDX), a crypto spot platform for institutional clients. DBDX offers a fully regulated and secure ecosystem for trading, settlement and custody...
eToro partners with Danish NewDeal Invest to launch new portfolio
Online broker eToro has partnered with Danish investment fund NewDeal Invest, to launch a new portfolio. Named ‘NDI-Future Tech’, this portfolio will leverage NewDeal’s expertise in identifying next-generation tech and growth innovation driving companies to provide...
Argo Blockchain agrees to sell Mirabel, Quebec data center for $6.1M
Cryptocurrency miner Argo Blockchain plc (LON:ARB) has entered into an agreement for the sale of its data center located in Mirabel, Quebec for total consideration of $6.1 million. (All references to $ are to USD, being derived from the Canadian dollar amounts at an...
Blueberry Markets terminates all MT4/MT5 prop firm business
Australia based Retail FX and CFDs broker Blueberry Markets has announced that it has terminated its Data and Platform Service Offering, which was designed to service the prop industry by leveraging its infrastructure. Blueberry Markets said that it has “dropped the...
Omar Khaled jumps from MultiBank to CFI to head Marketing
FNG has learned that Omar Khaled, one of the most experienced FX industry marketing executives in the MENA region, has joined Retail FX and CFDs broker CFI, as its new Global Head of Marketing. Based in Dubai, Omar Khaled joins CFI from rival broker MultiBank, where...
Finalto launches Prime of Prime service on LSEG’s FX Matching venue
Leading institutional trading and liquidity services firm Finalto has announced the introduction of its Prime of Prime (PoP) service on the London Stock Exchange Group’s (LSEG) FX Matching venue. Finalto said that this initiative represents a pivotal development in...
Institutional FX trading volumes slow 3% in February 2024
Following a fairly strong start to the year in January, institutional FX trading at leading ECNs and multibank FX streaming services took a step back in February. Average daily trading volumes at leading institutional eFX venues surveyed by FNG decreased by just over...
Match-Trader platform February updates include account deletion, tailored payment options
This February, multi-asset trading platform provider Match-Trade Technologies introduced a series of innovations across its solutions for Forex Brokers, highlighting the company’s commitment to continuous development. At the heart of the updates is the enhanced...
Exclusive: Panda’s VP Sales & Marketing Thomas Kareklas leaves for Voiso
FNG Exclusive… FNG has learned that Thomas Kareklas, the longtime VP Sales & Marketing for FX and CFD broker trading technologies provider Panda Trading Systems, has left the company and joined contact center software provider Voiso, as Channels Manager in Cyprus...
ASIC shuts down 3,500 investment scam websites
Australia financial regulator ASIC has announced that new data has revealed nearly 3,500 investment scam websites have been knocked out by ASIC’s scam website takedown capability since it was launched in July 2023, as ASIC sharpens its efforts to protect Australians...
Speculator bets led by Corn & 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 February 27th and shows a quick view of how large...
Speculator bets led by MSCI EAFE-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 February 27th and shows a quick view of how large traders...
Japanese Yen Speculators sharply renew bearish bets for 7th straight week :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday February 27th and shows a quick view of how large market...
Japanese Yen Speculators sharply renew bearish bets for 7th straight week :: InvestMacro
COT | Data | Leaders | What is COT? | Excel | COT DashboardHere are the latest links to our coverage of the Commitment of Traders data changes. Data updated through February 27th.The COT currency market speculator bets were higher this week as six out of the eleven...
Speculator bets led by 2-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 February 27th and shows a quick view of how large...
Speculator bets led by Copper :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday February 27th and shows a quick view of how large traders...
Exclusive: Offshore CFDs broker Monaxa hires Delia Claudia Bercea to head LaTAM
FNG Exclusive… FNG has learned that offshore Retail FX and CFDs broker Monaxa has hired experienced industry executive Delia Claudia Bercea to expand its business in the LaTAM region. Based in Uruguay, Delia Claudia Bercea spent the past four years doing LaTAM...
FX week in review: Webull IPO (eToro too?), Public.com exits UK, Prop firm tattoos, Drew Niv returns
At what valuation is Robinhood competitor Webull trying to go public on NASDAQ, using the SPAC merger route? What are eToro’s new plans for an IPO? At what valuation might eToro be looking at this time around? Why is US app based broker Public.com abandoning its...
88% Shellacking Yet No Lesson Learned :: InvestMacro
“Every major peak gets cinematic treatment”By Elliott Wave InternationalBack in early 2021, the meme stock craze was going strong.As you’ll recall that craze was all over the news and revolved around favorite stocks promoted by largely novice traders via social media....
Peso, DowJones, Soybeans & Yen 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 February 27th.This weekly Extreme Positions report highlights the Most Bullish and Most...
High Court allows FCA to pause civil case against WealthTek LLP
The UK Financial Conduct Authority (FCA) will focus on investigating suspected criminal offences by John Dance, having secured a 12-month pause in its civil case over serious regulatory breaches. On 1 March 2024, following an application by the FCA, His Honour Judge...
Interactive Brokers registers 15% Y/Y rise in DARTs in February 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just posted its key operating metrics for February 2024. The broker reported 2.443 million Daily Average Revenue Trades (DARTs) for February 2024, 15% higher than in February 2023 and 11%...
Will US30 hit 40,000 milestone? :: InvestMacro
US30 ends Feb over 2% higherIndex set to be rocked by high risk-eventsWatch out for Powell Testimony + NFP reportBulls in control on D1/W1 timeframeKey level of interest at 39300The extraordinary list of high-risk events could inject markets with fresh volatility in...
Robinhood, Arbitrum announce collaboration – FX News Group
Robinhood and Arbitrum have announced a collaboration that simplifies the path to Layer 2s (L2s) by giving Robinhood Wallet users access to Arbitrum swaps through decentralized exchanges. By opening access to Arbitrum’s advanced scaling solutions, Robinhood Wallet...
Semiconductor stocks continue to rally. The first interest rate cuts by central banks are expected in June :: InvestMacro
By JustMarkets On Thursday, stock indices posted moderate gains on signs that inflationary pressures continue to ease. The Dow Jones Index (US30) was up 0.52% at yesterday’s stock market close. The S&P 500 Index (US500) added 0.12%. The NASDAQ Technology...
Exclusive: Swissquote Cyprus COO Zoltan Nemeth joins ZuluTrade
FNG Exclusive… FNG has learned that experienced FX industry executive Zoltan Nemeth has joined social and copy trading platform provider ZuluTrade, as Head of Growth. He will continue to be based out of Cyprus for his new role with ZuluTrade. Zoltan Nemeth joins...
CME Group fines, suspends trader for engaging in prohibited trading practices
International derivatives marketplace CME Group has posted a notice of disciplinary action against Chunyu Mao. Pursuant to an offer of settlement in which Chunyu Mao neither admitted nor denied the alleged rule violations, a Panel of the Chicago Mercantile Exchange...
SEC obtains final judgment against operator of Prosper Wealth Management
The Securities and Exchange Commission (SEC) has obtained a judgment against Anthony B. Liddle, who operated Prosper Wealth Management, LLC. On February 28, 2024, the U.S. District Court for the Western District of Wisconsin entered a final judgment against Liddle....
FD Technologies announces merger of MRP with CONTENTgine, plans to separate KX and First Derivative
FD Technologies plc (LON:FDP) announces an update to its structure review, which considered the optimal organisational structure and allocation of capital to best deliver value for shareholders. The Board has unanimously concluded that the separation of its three...
Inès de Dinechin joins eToro as Special Adviser
Online broker eToro has announced the appointment of Inès de Dinechin as Special Adviser to the business in France. Inès de Dinechin will advise eToro as the company looks to reinforce its position in the French market. She will work alongside eToro’s Management team...
HK SFC reminds about deadline for crypto license application submissions
Hong Kong’s Securities and Futures Commission (SFC) reminds industry participants and investors that the deadline of 29 February 2024 has passed for virtual asset trading platforms (VATPs) to submit licence applications. As a result, VATPs that are operating in Hong...
Saxo Bank sees flat Revenues, slight loss in 2H-2023
Copenhagen based Retail FX and CFDs broker Saxo Bank has released its 2023 Annual Report, indicating a fairly steady second-half-of-the-year, but falling profitability at the company. Revenues at Saxo Bank came in at DKK 2.239 billion (USD $320 million) in the second...
Italy’s CONSOB orders blocking of access to six unauthorised investment websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to six unauthorized investment websites. In issuing the orders, the Authority availed itself of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law no. 58 of 28...
SNB Chairman Thomas Jordan to step down at end-September 2024
The Chairman of the Swiss National Bank’s Governing Board, Thomas Jordan, has informed the Bank Council that he will step down from his position at the end of September 2024. Thomas Jordan, born in 1963, joined the SNB in 1997. As Head of Research, he initially played...
Admirals Group sees Revenues down 41%, €10M loss in 2023
Estonia based Retail FX and CFDs broker Admirals Group AS has released its preliminary (unaudited) results for 2023, with the company continuing a downward trend in Revenues in the second half of the year. After Admirals saw its Revenues collapse 51% in 1H-2023, the...
USDJPY, EURNZD & Silver reach targets! :: InvestMacro
Check out these potential profits that you may have missed from our Daily Market Analysis.USDJPY bears bag over 100 pips EURNZD rallies almost 400 pips Silver down 2.5% this week 1) USDJPY bears strike key support level Where and when was Target Price (TP)...
FCA issues final message before 3-month synthetic sterling LIBOR setting cessation
The UK Financial Conduct Authority (FCA) today issued final message before the end-March 2024 deadline and a reminder of the expected cessation of US dollar synthetic LIBOR at end-September 2024. It is now 1 month until the 3-month synthetic sterling LIBOR setting...
Bringing AI up to speed – autonomous auto racing promises safer driverless cars on the road :: InvestMacro
By Madhur Behl, University of Virginia The excitement of auto racing comes from split-second decisions and daring passes by fearless drivers. Imagine that scene, but without the driver – the car alone, guided by the invisible hand of artificial intelligence. Can the...
Exclusive: BidX Markets rebranding as Multi Asset Solutions
FNG Exclusive… FNG has learned that London based, FCA regulated liquidity and white label broker solutions provider BidX Markets is rebranding, as Multi Asset Solutions. The company has already changed its formal corporate name from BidX Markets Limited to Multi Asset...
AI, Digital Wallet Firm Picked for Sports Accelerator Program :: InvestMacro
Source: Streetwise Reports (2/26/24)Artificial intelligence (AI) and digital wallet provider firm Fobi AI Inc. announced it is one of ten companies picked from 1,500 applicants for the Comcast NBCUniversal SportsTech Accelerator program. Find out why one technical...
Trading Technologies closes acquisition of ATEO
Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, today announced that it has closed on the acquisition of ATEO SAS, a provider of post-trade solutions for listed derivatives, expanding TT’s reach into clearing and...
The German Index set an all-time high. Bitcoin rate reached 2-year high :: InvestMacro
By JustMarketsThe US stock indices posted moderate losses on Wednesday. Pressure to liquidate long positions from recent record highs weighed on the stock market ahead of Thursday’s PCE deflator report, the Fed’s preferred inflation gauge. The Dow Jones Index (US30)...
ICE Benchmark Administration updates on cessation of Sterling LIBOR
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that ICE Benchmark Administration Limited (IBA), the authorized and regulated administrator of LIBOR, has provided an update regarding the cessation of sterling LIBOR. In line with feedback from its June 2022...
A Tale of Two Markets :: InvestMacro
Source: Michael Ballanger (2/26/24) Michael Ballanger of GGM Advisory Inc. shares his thoughts on current movements in the stock market as well as one gold stock he believes is a Buy.If Nvidia (NVDA:NASDAQ) is the poster child for “irrational exuberance...
WhiteBIT crypto exchange becomes available on TradingView platform
TradingView has presented a new trading integration — the WhiteBIT crypto exchange is now available on the TradingView platform. Founded in 2018, WhiteBIT is a European centralized crypto exchanges and a secured platform that supports over 350 trading pairs, more than...
Swissquote’s Advanced Trader becomes CFXD
Online trading company Swissquote announces that the Advanced Trader platform will be succeeded by CFXD. Now, Swissquote’s clients can trade at the speed of CFXD, its forex and CFD trading platform set to succeed Advanced Trader from 5 March 2024. Traders can already...
BWT Alpine F1 Team and Alpine Endurance Team announce partnership with INFINOX
INFINOX, the globally recognised online trading brand, announces its partnership with BWT Alpine F1 Team and Alpine Endurance Team as Official CFD Global Trading Partner. This partnership marks an impressive 15-year industry celebration of the INFINOX brand. A shared...
Saxo Bank introduces new 0DTE options for trading on CAC 40 Index
Multi-asset investment specialist Saxo Bank in participation with Euronext and Susquehanna, have introduced a new offering that significantly enhances the trading landscape: 0DTE (Zero Days To Expiry) options on the French CAC 40 stock index. This development opens up...
Ashok Vaswani to step down as Non-Exec Director of LSEG Board
London Stock Exchange Group plc (LSEG) today announced that Ashok Vaswani will step down as Non-Executive Director of the Board of LSEG with immediate effect. This follows his appointment as Managing Director and Chief Executive Officer of Kotak Mahindra Bank. Don...
eToro to introduce 5-minute daily break for Forex trading
Online broker eToro is planning a change to Forex trading hours. Starting from Sunday March 3, 2024, eToro will be introducing a daily break between 22:00 PM UTC and 22:05 PM UTC for all Forex pairs. The broker says this measure is designed to shield traders from the...
Drew Niv joins ATFX as Chief Strategy Officer
Leading Retail FX and CFDs broker ATFX has announced the appointment of Drew Niv, a distinguished pioneer and thought leader in the FX industry, as its Chief Strategy Officer. With an illustrious career spanning over two decades, Drew Niv brings a wealth of experience...
Interactive Brokers unveils IBKR Desktop platform
Interactive Brokers (NASDAQ:IBKR), an automated global electronic broker, today introduced IBKR Desktop, a next-generation desktop trading application for Windows and Mac, engineered for today’s traders who demand simplicity but value Interactive Brokers’ powerful...
Ethereum bulls charge past $3300 level :: InvestMacro
Ethereum hits fresh 22-month highFirm uptrend on D1 & H4 timeframeStrong weekly support at 3216.64Potential impulse wave on H4 chartsNext weekly bullish target at 3572.61The world’s second-largest cryptocurrency is on a tear!Ethereum jumped to a fresh 22-month...
Webull Corporation plans Nasdaq listing through combination with SK Growth
Webull Corporation, a digital investment platform, and SK Growth Opportunities Corporation (NASDAQ:SKGR), a publicly traded special purpose acquisition company, today announced that they have entered into a definitive business combination agreement. Upon completion of...
The RBNZ kept the interest rate on hold and took a less hawkish stance. Inflation in Australia is at two-year lows :: InvestMacro
By JustMarketsAt Tuesday’s stock market close, the Dow Jones Index (US30) decreased by 0.25%. The S&P 500 Index (US500) added 0.25%. The NASDAQ Technology Index (US100) closed the day positively by 0.37%.Hawkish comments from the Fed supported the dollar and had a...
Melbourne Securities pays $13k to comply with infringement notice issued by ASIC
Melbourne Securities Corporation Limited has paid $13,320 to comply with an infringement notice issued by the Australian Securities and Investments Commission (ASIC) in which ASIC alleged it made misleading statements regarding its Bloom Climate Impact Fund. From...
No one can predict how financial markets will behave with absolute certainty. Here’s why :: InvestMacro
By Benoît Béchard, Université Laval Some stock market enthusiasts claim to be able to predict financial market trends with fantastic accuracy.Despite the complexity of international finance, they assure us that substantial profits are within our reach if we follow...
Trading Technologies announces connectivity to EPEX SPOT
Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, today announced connectivity to the European Power Exchange (EPEX SPOT), the largest power exchange in Europe. through the TT® platform. The connection gives clients...
Monex Asset Management’s AUM surpass ¥500bn
Monex Asset Management, Inc. today announced that its assets under management surpassed ¥500 billion as of February 22, 2024. The sum increased 3.3 times within almost a year. “ON COMPASS” ranked first in 3-year and 5-year returns and “ON COMPASS+” ranked third in...
Nomura to launch new ETF tracking performance of JPX Prime 150 Index on TSE
Nomura Asset Management Co., Ltd. (NAM), the core company within the Investment Management Division of Nomura Group, today announced that it will launch a new ETF designed to track the performance of the JPX Prime 150 Index. The JPX Prime 150 Index is a stock index...
Exclusive: SocGen hires Coinbase exec Guillaume Chatain as Sales head for its Forge crypto unit
FNG Exclusive… FNG has learned that France based multinational financial services company Société Générale SA (EPA:GLE) has hired experienced digital assets executive Guillaume Chatain as Head of Sales for SocGen’s Forge crypto unit. He will be based in Paris for his...
Sumsub launches podcast to discuss latest fraud threats
Sumsub, a global verification platform, today announced the launch of its own podcast, called ‘What The Fraud?‘. Episodes will feature guest experts from diverse industries including AI, cybersecurity, fintech, crypto, and iGaming. The conversations will focus on how...
