Economy
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...
Portofino Technologies gets FCA nod as Registered Cryptoasset Firm
Switzerland based crypto native technology start-up Portofino Technologies has announced that its UK subsidiary Portofino Technologies UK Ltd has been successfully listed as a Registered Cryptoasset Firm with the UK’s Financial Conduct Authority (FCA), enabling the...
HK regulator warns public of suspicious crypto-related product “Yieldnodes.com masternode pool”
Hong Kong’s Securities and Futures Commission (SFC) today warned the public of a suspicious investment product named “Yieldnodes.com masternode pool”. The product, operated by Exceptional Media Limited, involves stake pooling arrangement associated with...
Euronext FX names Stuart Parris Head of Sales, Wyman Shing CEO Singapore
International exchange operator Euronext NV (EPA:ENX) has announced a number of senior executive appointments in its institutional FX ECN unit Euronext FX. Euronext has named London based executive Stuart Parris (pictured at top left) as Head of Sales for Euronext FX,...
Worldline registers 6% growth in revenues in 2023
Provider of payment services Worldline today announced its 2023 annual results. Worldline’s FY 2023 revenue reached €4,610 million, representing 6.0% revenue organic growth, in line with the revised guidance provided in October 25,2023. Merchant Services (€3,325...
Inflationary pressures are easing in Japan. Natural gas producers want to stop prices from falling :: InvestMacro
By JustMarketsOn Monday, stock indices gave up early gains and closed lower, consolidating below last week’s record highs. At Monday’s stock market close, the Dow Jones Index (US30) was down 0.16%. The S&P 500 Index (US500) decreased by 0.38%. The NASDAQ...
Does hosting the Olympics, the World Cup or other major sports events really pay off? :: InvestMacro
By Ivan Savin, ESCP Business School After a long battle, Paris’s beloved bouquinistes will be staying put this summer. The decision, announced on 13 February by the French government, came after considerable public backlash to the police prefecture’s original plan to...
Poised to fill the gap? :: InvestMacro
Silver rangebound on D1 chartUS PCE report could trigger volatilityH1 inverse head & shoulders formationKey levels of interest at $22.72 and $22.614Silver kicked off Tuesday’s session on a bullish note with prices approaching the H1 161.8 golden Fibonacci point at...
EUR/USD Shows Resilience Amid Risk Appetite :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair is trading close to 1.0821, demonstrating a strong stance in the current market environment. Investors are leaning towards riskier assets, buoyed by the anticipation of several key macroeconomic releases this week.A...
App based broker Public.com leaving UK online trading market
US app based online trading broker Public.com is ending its attempts to expand in the UK market. Although the company has not made a formal announcement on the matter, London news site City A.M. is reporting that Public.com has sent an email to its registered UK users...
Merrie Williamson to join Equinix as Chief Customer and Revenue Officer
Digital infrastructure company Equinix, Inc. (NASDAQ:EQIX) today announced the appointment of Merrie Williamson as Executive Vice President and Chief Customer and Revenue Officer (CCRO), effective March 25. With more than 20 years of experience in helping companies...
ClearingBid’s proprietary IPO network to leverage Virtu ITG Net’s scaled connectivity platform
Virtu Financial, Inc. (NASDAQ:VIRT) today announced a strategic engagement with IPO investing network ClearingBid, Inc. Under the terms of the agreement, ClearingBid’s proprietary IPO network will leverage Virtu ITG Net’s scaled connectivity platform. All brokers and...
US Govt pushes for time-served sentence for OneCoin leader Konstantin Ignatov
The United States Government has submitted a letter requesting a sentence of time-served for the leader of OneCoin, Konstantin Ignatov. The letter was filed with the New York Southern District Court on February 26, 2024. The Government notes that the defendant...
TradingView collaborates with Casablanca Stock Exchange
TradingView today introduced its newest partnership with the Casablanca Stock Exchange. Besides already delivering data on the Moroccan stock market to TradingView users, the exchange has launched a brand new e-Bourse.ma portal powered by the TradingView widgets. This...
Swissquote expands UEFA sponsorship for three more seasons
Leading Swiss online banking and brokerage firm Swissquote has announced the continuation of its collaboration with the UEFA Europa League and UEFA Europa Conference League for another three seasons. Swissquote said it is looking forward to sharing in the excitement...
FCA cancels Attanta’s permission to carry regulated activities
The UK Financial Conduct Authority (FCA) has cancelled the Part 4A permission of Attanta Limited formerly known as Neovision Wealth Management Limited. The Authority has taken this action because it considers that the firm is carrying on no regulated activity to which...
GCEX hires former FCA associate Ignacio Corral as Compliance Officer
GCEX Group has announced that Ignacio Corral, former Senior Associate at the FCA, has joined the digital prime brokerage as its dedicated UK Compliance Officer. The company said that his appointment reflects the growth of GCEX’s UK-based operations, which are...
HK regulator secures first criminal conviction of retail trader for illegal short selling
The Eastern Magistrates’ Court today convicted Ms Christine Yeung Tak Sum, an unemployed retail trader, after she pleaded guilty to securities fraud involving illegal short selling in proceedings brought by the Hong Kong Securities and Futures Commission (SFC). The...
OKX launches crypto exchange in Türkiye
OKX, a Web3 technology company and crypto exchange, today officially launched OKX TR, its crypto exchange in Türkiye, providing Turkish users with a trusted and compliant gateway to crypto trading and decentralized finance. The OKX Web3 Wallet is currently available...
United Fintech secures strategic investments from Citi and BNP Paribas
Fintech umbrella and acquisition company United Fintech has announced that leading global banks BNP Paribas and Citi (NYSE:C) have become the first institutional investors in the company, a neutral Digital Transformation Platform, as part of a strategic investment...
Vinanz applies for US DTC eligibility
Bitcoin mining company Vinanz Limited has applied to have its ordinary shares eligible for electronic clearing and settlement in the United States through the Depository Trust Company (DTC). DTC eligibility is expected to simplify the process of trading and enhance...
FIS registers 41% Y/Y drop in earnings in Q4 2023
FIS (NYSE:FIS), a provider of financial services technology, today reported its fourth quarter and full-year 2023 results. On a GAAP basis, excluding $1.2 billion of revenue classified as discontinued operations, revenue decreased 1% in the final quarter of 2023 as...
EURNZD to keep above key support? :: InvestMacro
EURNZD rebounds from key supportRBNZ decision + EU data in focusTrend bearish on D1 but bulls presentKey level of interest at 50-day SMABloomberg model: 75% chance range 1.7384 – 1.7768After practically erasing its 2024 gains last week, the EURNZD kicked off Monday...
FINRA amends its rules to conform with T+1 settlement cycle
The Financial Industry Regulatory Authority (FINRA) has adopted amendments to conform its rules to the Securities and Exchange Commission’s (SEC) amendments to Rule 15c6-1 and adoption of Rule 15c6-2 under the Securities Exchange Act of 1934 to shorten the standard...
Israel and Hamas are close to negotiations. Bank of America believes that it is not yet time to sell the dollar :: InvestMacro
By JustMarketsAt Friday’s close of the stock exchange, the Dow Jones Index (US30) rose by 0.16% (for the week 0.98%). The S&P 500 Index (US500) was up 0.04% (up 1.15% for the week). The NASDAQ Technology Index (US100) closed negative 0.28% (for the week 0.54%)....
MarketAxess names Ilene Fiszel Bieler its CFO
MarketAxess Holdings Inc. (NASDAQ:MKTX) today announced the appointment of Ilene Fiszel Bieler as Chief Financial Officer. Ms. Fiszel Bieler is currently expected to start with MarketAxess on or about May 22, 2024. Ilene Fiszel Bieler Ms. Fiszel Bieler replaces...
eToro eyes IPO as 2023 Revenues stabilize at $630 million
Israel based Retail FX and CFDs broker eToro is apparently looking at another attempt to go public in 2024, after its previous IPO attempt (via a SPAC merger) was pulled in mid 2022. In an interview with US business news site CNBC last week, eToro CEO Yoni Assia was...
Exclusive: XTB MENA hires ThinkMarkets exec Khadija Boudlal as Director of Operations
FNG Exclusive… FNG has learned that Poland based Retail FX and CFDs broker XTB SA (WSE:XTB) has hired experienced FX industry executive Khadija Boudlal as Director of Operations for the company’s UAE based operation, XTB MENA. Khadija Boudlal joins XTB MENA from...
Standard Chartered to commence $1bn share buy-back
Standard Chartered PLC announces that it will commence buying-back ordinary shares of US$0.50 each for up to a maximum aggregate amount of US$1 billion. The purpose of the buy-back is to reduce the Group’s outstanding ordinary shares. The Group has entered into a...
Exclusive: Prop trading firm Blue Guardian acquiring ASIC licensed broker
FNG Exclusive… FNG has learned that UK based prop trading firm Blue Guardian is in process of acquiring an Australia licensed broker, which will enable the company to directly serve its client base without acting as an Introducing Broker to third party brokers. The...
HK regulator commences proceedings against ex-chairman of Ding Yi Feng
The Securities and Futures Commission (SFC) of Hong Kong has commenced proceedings in the Court of First Instance against former chairman and non-executive director of Ding Yi Feng Holdings Group International Limited, Mr Sui Guangyi, and 20 other individuals for...
FCA warns against FXBALLANCE – FX News Group
The UK Financial Conduct Authority (FCA) has issued a warning against FXBALLANCE. The regulator warns that FXBALLANCE may be providing or promoting financial services or products without FCA’s permission. You should avoid dealing with this firm and beware of scams....
Aquis introduces conditional order functionality
Aquis Markets, the pan-European equities trading division of Aquis Exchange PLC, today launched conditional order functionality on the Aquis UK and Aquis EU platforms. Conditional orders allow members to post the same liquidity on multiple venues simultaneously...
Exclusive: ODL founder Lorenzo Naldini steps off FXCM board
FNG Exclusive… FNG has learned that longtime FXCM non-executive director Lorenzo Naldini has stepped down from the board of directors of Stratos Markets Limited, the FCA regulated company which now operates the Retail FX and CFDs brokerage brand FXCM. Lorenzo Naldini...
FX week in review: Prop trading firms add platforms, XS.com acquisition, executive hires
This past week’s FX and CFD industry news was once again dominated by the prop trading firms, as the chaos in the prop sector has effectively “spilled over” into the CFDs business. Prop firms are all working hard (and fast) to redo broker relationships and move their...
Speculators push New Zealand Dollar bets to 51-week high :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday February 20th and shows a quick view of how large market...
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 February 20th and shows a quick view of how large traders...
Speculator bets led by Lean Hogs & Cotton :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday February 20th and shows a quick view of how large...
Speculator Bets led higher by Copper, Silver & Gold :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday February 20th and shows a quick view of how large traders...
Speculator Bets led higher by 5-Year & 2-Year Treasuries :: 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 20th and shows a quick view of how large...
Mexican Peso, GBP, Corn & Soybeans 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 20th.This weekly Extreme Positions report highlights the Most Bullish and Most...
RoboMarkets informs its clients of Walmart’s stock split
Retail FX and CFD broker RoboMarkets has informed its clients of Walmart’s stock split. On 26 February 2024, Walmart will have its stocks go through a split. A stock split is a corporate action, as a result of which the company increases the number of issued shares by...
USDJPY timebomb triggered above 150? :: InvestMacro
JPY worst performing G10 YTDJapan CPI & US PCE in focusYen back on intervention watchUSDJPY bullish but RSI overboughtKey level of interest at 150.90Our focus lands on the Japanese Yen which has been the worst-performing G10 currency against the US Dollar...
Swiss parliament, Federal Council to launch new fund category exempt from authorisation
The Swiss parliament and Federal Council will launch a new category of fund that is exempt from authorisation on 1 March 2024. The Swiss parliament voted to introduce a new fund category, the Limited Qualified Investor Fund (L-QIF), in December 2021 and amended the...
Rising stock indices overshadowed hawkish speeches by US Fed policymakers. Canada is seeing a drop in retail sales :: InvestMacro
By JustMarketsAt the close of the stock market yesterday, the Dow Jones Index (US30) added 1.18%. The S&P 500 Index (US500) jumped 2.11% yesterday. The NASDAQ Technology Index (US100) closed positively at 2.96%. The S&P 500 (US500) and Dow Jones (US30) set new...
ICE Futures US announces settlement of charges against Starfuels
ICE Futures US has announced settlement of charges against Starfuels, Inc. On February 21, 2024, a subcommittee of the Exchange’s Business Conduct Committee (BCC) determined that in several instances from May 2021 through September 2022 (Relevant Period), Starfuels,...
Konsolidator signs letter of intent to open sales office in Spain
Today, Konsolidator signed a non-binding Letter of Intent (LoI) to open a sales office in Madrid covering Spain and Portugal – the Iberian market. The office will be led by a Spanish country manager and his sales team, who have extensive experience selling financial...
CMC Markets’ Sarah Ing appointed as non-exec director of City of London Investment Group
CMC Markets plc (LON:CMCX), a global provider of online retail and institutional platform technology, today announced that Sarah Ing, a Non-Executive Director of CMC, has been appointed as a Non-Executive Director of City of London Investment Group PLC. Her...
Bhairav Trivedi to step down as CAB Payments CEO
CAB Payments, a provider of business-to-business cross-border payments and foreign exchange, today announces that Bhairav Trivedi, Chief Executive Officer (CEO), will be succeeded by Neeraj Kapur, following publication of the FY23 Financial Results on 26 March 2024...
Italy’s CONSOB orders blocking of access to websites of BGB Partners and FDXCrypto
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to five unauthorized investment websites. The websites targeted by the latest set of orders are: “Tcrinvest” (website https://tcrinvest.net and related pages...
Exness CMO Alfonso Cardalda on rebranding the world’s largest FX & CFDs broker
FNG Interview… Since Alfonso Cardalda joined the Retail FX and CFDs industry nearly two years ago becoming Chief Marketing Officer (CMO) at Exness, one of the major projects he has overseen has been the rebranding of the world’s largest online broker. Not an easy...
HKEX to include currency futures and options in Derivatives Holiday Trading
Hong Kong Exchanges and Clearing Limited (HKEX) announced today the addition of HKEX’s currency futures and options to the list of eligible products for Derivatives Holiday Trading, effective 29 March 2024. Currency products to be included in Derivatives Holiday...
Edgewater Markets hires Liquidity.net exec Raja Thakur as Director Institutional Sales
New York based FX trade execution and liquidity aggregation company Edgewater Markets has announced the appointment of two seasoned professionals to its UK team. Raja Thakur joins as the Director of Institutional Sales, while Ben Rogan assumes the role of Executive...
Spuerkeess selects Euroclear FundsPlace as preferred partner for its funds activity
Banque et Caisse d’Epargne de l’Etat Luxembourg (Spuerkeess) has announced that it will be moving the majority of its fund portfolio to Euroclear FundsPlace, as part of its efforts to streamline its fund business. The Luxembourg bank has decided to move away from...
NAS100 and CN50 reach targets, Nvidia to hit new record high! :: InvestMacro
Check out these potential profits that you may have missed from our Daily Market Analysis.NAS100 bears snagged 638 index pointsNvidia investors to reap 14% rewardCN50 surges by 430 index points1) NAS100 bears took advantage before Nvidia-fuelled reboundWhere and...
CySEC warns against several unauthorized investment firms
The Cyprus Securities and Exchange Commission (CySEC) today issued a warning against several unauthorized investment firms. The regulator informs investors that the following websites do not belong to an entity which has been granted an authorization for the provision...
NVIDIA reported record earnings and issued an encouraging outlook. Traders are no longer reacting to the Fed’s hawkish bias :: InvestMacro
By JustMarketsAt yesterday’s stock market close, the Dow Jones Index (US30) was up 0.13%. The S&P 500 Index (US500) added 0.13% yesterday. The NASDAQ Technology Index (US100) closed negative 0.32%. Liquidation of long positions in high-yielding artificial...
ICE Futures US imposes $120k fine on OTC Europe
ICE Futures U.S. has published a disciplinary notice against OTC Europe LLP. On February 21, 2024, a subcommittee of the Exchange’s Business Conduct Committee (BCC) determined that in numerous instances between January 2022 and April 2022 (“Relevant Period”), OTC...
SEC charges Contrarian Capital Management with violating trading rule
The Securities and Exchange Commission (SEC) has announced settled charges against Greenwich, Connecticut-based investment advisory firm Contrarian Capital Management L.L.C. for violating an SEC Rule when it purchased stock in two public offerings of securities for...
Goldman Sachs gets a slap on the wrist for alleged violations of ICE rules
Intercontinental Exchange (ICE) has published a disciplinary notice against Goldman Sachs & Co. LLC. On February 21, 2024, a subcommittee of the Exchange’s Business Conduct Committee determined that on July 29, 2022, Goldman Sachs & Co. LLC (GSCO) may have...
Nium partners with Enjaz Banking Services
Nium, a provider of real-time global payments, continues its expansion in the Middle East region, announcing a partnership with Enjaz Banking Services, the remittance division of Bank Albilad in Saudi Arabia. Nium will work with the bank to offer free international...
Northern Trust to provide Sanlam Asset Management (Ireland) with fund administration, FX services
Northern Trust (NASDAQ:NTRS) announces today that it is providing Sanlam Asset Management (Ireland) Limited (SAMI) with fund administration, transfer agency, custody, depositary and FX services. SAMI is an international investment management platform managing funds...
Canadian securities regulators warn registrants about impersonation scam
The Canadian Securities Administrators (CSA) warn registrants of an email impersonating CSA Chair and Chair and CEO of the Alberta Securities Commission, Stan Magidson. The emails are believed to be malicious “spear phishing” attempts by unknown individuals who are...
DKK Partners gets initial approval for Dubai VARA license
DKK Partners, a London based startup which specializes in emerging markets and foreign exchange liquidity, has announced has announced that its DKK Partners FZE subsidiary based in the Dubai World Trade Centre (DWTC) has been granted Initial Approval by the Dubai...
Prop trading outfit Funding Pips relaunches with Match-Trader, adding cTrader next week
As the turmoil in the retail prop trading sector is continuing following moves being made by certain trading platform providers (mainly MetaQuotes, developer of the MT4 and MT5 platforms) and certain CFD brokers (under pressure from MetaQuotes) to halt doing business...
Plus500 announces $100M share buyback program
Retail FX and CFD broker Plus500 Ltd (LON:PLUS) today announced that it will commence a new share buyback programme today to purchase a total of up to $100 million of the company’s shares. It is anticipated that the new $100 million buyback programme will commence...
Western Union and Mercado Pago expand their existing partnership
Western Union and Mercado Pago today announced growth in their existing relationship, giving United States and Canadian customers ability to send money from Western Union’s mobile app, its website, or from one of its retail locations to Mercado Pago wallet accounts in...
Moment of truth… :: InvestMacro
Nvidia’s Q4 earnings in focusUS chipmaking giant up 40% YTDHigh-stakes event could rock markets Stock firmly bullish on D1/W1 timeframeKey levels of interest at 663.17 & 752.04Everybody is talking about Nvidia, and why not?The poster child of the AI boom is set to...
MT5 beta build 4210 comes equipped with more built-in apps and expanded ONNX support
The latest beta version of the MetaTrader 5 (MT5) platform will be released on Friday, February 23, 2024. In beta build 4210, the standard terminal includes 28 new trading robots and 12 technical indicators. They will assist in learning the MQL5 language and...
Canada is seeing a sharp decline in inflation. SNB continues to increase foreign exchange reserves :: InvestMacro
By JustMarketsThe Dow Jones Index (US30) was down 0.17% at the close of the stock market yesterday. The S&P 500 Index (US500) lost 0.60%. The NASDAQ Technology Index (US100) closed negative 0.92%. The broad market was under pressure yesterday as weakness in chip...
MetaTrader 5 introduces native floating leverage support
MetaTrader 5 (MT5), starting from build 4150, introduces floating leverage support in the administrator terminal, enabling brokers to adjust leverage settings depending on the situation and company policies. With floating leverage, you can flexibly adjust the required...
This AI Co.’s Upside Potential Is Substantial, Analyst Says :: InvestMacro
Technical Analyst Clive Maund reviews Treatment.com AI Inc.’s charts to explain why he believes it is currently a Strong Buy.Source: Clive Maund (2/16/24)Treatment.com AI Inc. (TRUE:CSE; TREIF:OTCMKTS) is a company that should have a very bright future as it has been...
Cboe Global Markets and MSCI partner on new index options and volatility indices
Cboe Global Markets, Inc. today announced a new strategic initiative in collaboration with MSCI Inc. (MSCI), a leading provider of critical decision support tools and services for the global investment community, to expand its suite of Cboe-MSCI Index options and...
Drone Co.s Revenue and Income Forecasts Climb Through 2025 :: InvestMacro
Source: Dr. Ashok Kumar (2/20/24)Current released revenues for Red Cat Holdings Inc. show that the company is doing well in the market, noted a Think Equity research note. Red Cat Holdings Inc.’s (RCAT:NASDAQ) updated third quarter for 2024’s fiscal year shows that...
Sumsub launches Non-Doc Verification in the US
Global verification provider Sumsub today announced the release of its Non-Doc Verification in the US. This solution reduces fraud-related attacks by 75%, covering over 292M active mobile users and can also apply to international clients looking to onboard US-based...
Binance Copy Trading introduces leverage limits for lead trader portfolios
Cryptocurrency exchange Binance has announced changes to the Binance Copy Trading trading conditions. Effective today, February 21, 2024, Binance Copy Trading will be introducing leverage limits for lead trader portfolios. Lead traders will be allowed to open new...
XS.com acquires licensed South Africa CFDs broker Ubutyebi
Retail FX and CFDs broker XS.com has announced that it has acquired Ubutyebi Financial Services, a licensed Financial Service Provider (FSP) regulated and endorsed by the South African Financial Sector Conduct Authority (FSCA). In an official announcement, XS.com...
Worldline extends partnership with BNP Paribas Fortis
Payment services provider Worldline is extending its partnership with BNP Paribas Fortis, the Belgian subsidiary of BNP Paribas. The extension is starting from now on, for five years at least, and focuses on the delivery of best-in-class and customer-centric issuing...
Equals and Madison Dearborn Partners continue discussions
Equals Group plc (LON:EQLS) today provided an update on its discussions with Madison Dearborn Partners, LLC. On 1 November 2023 the Board of Equals Group plc (LON:EQLS) announced that it is conducting a review of the company’s strategic options and that as part of...
21Shares announces launch of Celestia Staking ETP
21Shares AG, an issuer of cryptocurrency exchange traded products (ETPs), has announced the launch of the 21Shares Celestia Staking ETP. The new ETP provides investors with access to Celestia’s staking yields with the added benefit of professional risk management, all...
Aaron Brown joins iSAM Securities to drive growth in MENA region
London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that Aaron Brown has joined the company in the UAE, in a strategic move to expand into the Middle East. With almost two decades of sales experience in the FX and CFDs...
ICE marks record OI across futures and options markets
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that its global futures and options markets reached record open interest of 90.2 million contracts on February 15, 2024, with ICE’s commodities futures and options markets hitting record open interest of 61.8...
CME Group launches clearing service for Mexican F-TIIE overnight index swaps
International derivatives marketplace CME Group today announced that nine market participants have cleared over-the-counter (OTC) Mexican Overnight Funding Rate (F-TIIE) index swaps since the company launched its clearing service on February 5. The cleared F-TIIE...
Nuvei launches direct local acquiring capabilities in Colombia
Canadian fintech company Nuvei Corporation (TSX:NVEI) has launched direct local acquiring capabilities in Colombia, further expanding its presence in Latin America (LATAM) and strengthening its overall footprint in the region. Nuvei is the first global payments...
Euroclear Bank becomes Eurex Clearing’s securities collateral location
Euroclear Bank, a Brussels-based international central securities depository (ICSD) announced today that it has become an eligible securities collateral location of Eurex Clearing AG. Clients of Euroclear Bank and Eurex Clearing will now be able to post collateral...
EURUSD waits for directional spark :: InvestMacro
EURUSD enters standby modeEU data + ECB minutes in focusUSD volatility could trigger breakoutKey levels of interest at 1.0800 & 1.0700After bouncing within a 100-pip range since early February, the world’s most-traded FX pair may be set for a big move.The trend is...
Exclusive: Trivepro institutional sales head David Papier leaves for CPT Markets
FNG Exclusive… FNG has learned that experienced FX industry executive David Papier has joined Retail FX and CFDs broker CPT Markets, as Head of Business Development. He will be based in London for his new role with CPT. David Papier joins CPT Markets from Trivepro,...
European indices set new price highs. PBoC cut the rate on 5-year loans :: InvestMacro
By JustMarketsDue to a bank holiday, the US stock market was not trading on Monday.Equity markets in Europe were mostly up yesterday. Germany’s DAX (DE40) lost 0.15%, France’s CAC 40 (FR40) gained 0.01% yesterday, Spain’s IBEX 35 (ES35) jumped by 0.59% on Monday, and...
JonesTrading deploys FlexOMS for its equities and electronic trading businesses
FlexTrade Systems and JonesTrading today announced the successful deployment of FlexOMS as the new sell-side trading platform for its equities and electronic trading businesses. The solution will also be the full-service technology platform for JonesTrading’s growing...
CME Group to launch Micro Euro-denominated Bitcoin and Ether futures
International derivatives marketplace CME Group today announced it plans to further expand its cryptocurrency derivatives offering with the addition of Micro Bitcoin Euro and Micro Ether Euro futures on March 18, pending regulatory review. “Global investors have...
Stax Payments names Mark Sundt its CTO
Payment technology provider Stax Payments has appointed Mark Sundt as Chief Technology Officer. Mr Sundt brings more than 30 years of expertise as a technology leader to his new role, with a deep background in payments and transforming businesses with groundbreaking...
Capital One to acquire Discover for $35.3bn
Capital One Financial Corporation (NYSE:COF) and Discover Financial Services (NYSE:DFS) have entered into a definitive agreement under which Capital One will acquire Discover in an all-stock transaction valued at $35.3 billion. Under the terms of the agreement,...
ASX announces A$275M notes issue
ASX today priced its inaugural notes issue, an A$275 million issue of floating rate, unsecured medium term notes under its newly established Medium Term Notes Programme dated 18 August 2023. The Notes have a coupon of 3 month BBSW + 93bps, were priced at par and...
TerraPay appoints Ruben Salazar Genovez as President
TerraPay today announced the appointment of Ruben Salazar Genovez, recently the Global Head of Visa Direct, as President. As a seasoned veteran of the payments industry with experience at Visa, Citibank, Barclays and Mastercard, Mr Salazar Genovez has established...
Plus500 registers 13% Y/Y drop in revenues in 2023
Retail Forex and CFD broker Plus500 Ltd (LON:PLUS) today announced its preliminary unaudited results for the year ended 31 December 2023. Revenue in FY 2023 was $726.2m (FY 2022: $832.6m), comprising trading income of $674.3m and interest income of $51.9m. EBITDA for...
Guy Flintham pleads guilty to fraud
Today at Southwark Crown Court, Guy Flintham pleaded guilty to fraud, following a prosecution brought by the UK Financial Conduct Authority (FCA). Between January 2016 and November 2021, Mr Flintham, based in Blackburn, Lancashire, defrauded around 240 investors by...
HK SFC warns of suspicious investment products Free Guy, Gold Scalper and Gold Champ
The Securities and Futures Commission (SFC) of Hong Kong today warned the public of several suspicious investment products – namely, Free Guy, “Gold Scalper” and “Gold Champ”. These products involve automatic trading systems which invest in gold contracts for...
Prop firm Funding Pips adding Match-Trader, cTrader, DXtrade platforms to replace MT4/MT5
Following our report from last week that popular retail prop trading firm Funding Pips had ceased operations after MT4/MT5 developer MetaQuotes abruptly halted its services due to active US accounts, the company is indicating that it is in the process of adding a...
TradingView adds Herenya to list of integrated brokers
TradingView has expanded its list of integrated partners with one more valuable addition – Herenya, a CFD and stockbroker from South Africa focused on providing investors and traders with the support and all necessary features for successful trading. Established in...
Fiserv appoints Lance Fritz to BoD
Fiserv, Inc. (NYSE:FI), a global provider of payments and financial services technology, today announced the appointment of Lance Fritz to its board of directors. Fritz served as chairman, president and chief executive officer of Union Pacific Corporation from 2015...
Exclusive: Offshore CFDs broker OnEquity adds South Africa FSCA license
FNG Exclusive… FNG has learned that offshore Retail FX and CFDs broker OnEquity has added a South Africa FSCA license for its subsidiary OnEquity (Pty) Ltd. To date, OnEquity has operated via Seychelles domiciled OnEquity Ltd. Enver Snyders The company has also hired...
Finalto hires Saxo exec Daniel Leis as Sales Director
Leading institutional trading and liquidity services firm Finalto has announced the appointment of Daniel Leis as the company’s new Sales Director, a strategic move set to further enhance their position as a leader in innovative multi-asset trading and liquidity...
ASIC cancels licence of Valorton Capital
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services (AFS) licence of Valorton Capital Pty Ltd. The licence was cancelled because Valorton had not provided any financial services since the licence was granted on...
Monex plans to reappoint eight current directors and appoint three new directors
Monex Group, Inc. today announced that the Nominating Committee of the company has decided to propose the appointment of several candidates to the Board of Directors at the 20th Annual General Meeting of Shareholders scheduled to be held in June 2024. While the...
BidX Markets hires Liam Bonfield as CFO
Following our FNG Exclusive report from yesterday that longtime Valutrades CFO Liam Bonfield had left the company, FNG has learned that he has joined London based, FCA regulated multi-asset liquidity solutions provider BidX Markets as CFO. In his new role, Liam...
OANDA Japan apologises for delays in new account opening
OANDA Japan Inc, a subsidiary of online broker OANDA Corporation, has issued an apology regarding delays in certain procedures. The brokerage apologised regarding delays in new account opening and stock index CFD sub-account procedures. OANDA put the blame for the...
Weekly Speculator bets led by Cotton & Sugar :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday February 13th and shows a quick view of how large...
Speculator bets led by 2-Year Bonds & 10-Year Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday February 13th and shows a quick view of how large...
FX Speculators push British Pound bullish bets to 25-week high :: InvestMacro
COT | Data | Leaders | What is COT? | Excel | COT DashboardHere are the latest links to our coverage of the Commitment of Traders data changes. Data updated through February 13th.The COT currency market speculator bets were slightly lower this week as five out of the...
FX Speculators push British Pound bullish bets to 25-week high :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday February 13th and shows a quick view of how large market...
Exclusive: Liam Bonfield departs as Valutrades CFO
FNG Exclusive… FNG has learned that London based Retail FX and CFDs broker Valutrades has seen the departure of its longtime Chief Financial Officer (CFO), Liam Bonfield. Liam Bonfield joined Valutrades as CFO in 2016, after previously working at GMO Z.com and at...
Speculator bets led lower by Gold & Copper :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday February 13th and shows a quick view of how large traders...
Speculator bets led by S&P500 & MSCI EAFE :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday February 13th and shows a quick view of how large traders...
FX week in review: HYCM acquired, Prop trading firms scramble, OANDA patent suit thrown out
Once again, Retail FX and CFD trading industry news headlines this week were dominated by the prop trading firms, and the changing relationships between the props and the online brokers they use, as well as with the firms that create the trading platforms used by prop...
Mexican Peso, Dow, Corn & Palladium lead Bullish & Bearish Positions :: InvestMacro
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on February 13th.This weekly Extreme Positions report highlights the Most Bullish and Most...
CME suspends trader for nine months for engaging in disruptive practices
International derivatives marketplace CME Group has published a notice of disciplinary action against Adam Cobb-Webb. Pursuant to an offer of settlement in which Adam Cobb-Webb neither admitted nor denied the rule violations or factual allegations upon which the...
Former Goldman Sachs analyst sentenced to 22 months in prison for insider dealing and fraud
Following a sentencing hearing at Southwark Crown Court, Mohammed Zina, 35, was today sentenced to 22 months in prison for insider dealing and fraud. On 15 February 2024, Mohammed Zina was found guilty of six offences of insider dealing and three offences of fraud...
Eightcap says “business as usual”, remains excited for the future of prop industry
Australia based Retail FX and CFDs broker Eightcap has come out with a statement, saying that previous reports (including here on FNG) that it was cutting brokerage service to all prop trading firms is misleading. The statement (see full text below), issued on...
Van Eck Associates to pay $1.75M to settle SEC charges over failure to disclose influencer’s role in connection with ETF launch
The Securities and Exchange Commission (SEC) today announced that registered investment adviser Van Eck Associates Corporation has agreed to pay a $1.75 million civil penalty to settle charges that it failed to disclose a social media influencer’s role in the launch...
Exclusive: TRAction hires ex 1Market/UFX exec Melina Theodorou to head Legal
FNG Exclusive… FNG has learned that London and Australia based regtech company TRAction Fintech, which specializes in trade reporting solutions, has hired experienced FX industry executive Melina Theodorou as the company’s new Legal and Group Operations Executive. In...
FCA provides update on Avacade case
The UK Financial Conduct Authority (FCA) today provided an update on the Avacade case. In August 2020, following a trial, the High Court ordered illegal pension introducers Avacade, Alexandra Associates and their directors to pay £10,715,000 restitution to consumers....
ASX announces business rationalisation measures, to reduce use of contractors and consultants
ASX today announced business rationalisation. ASX Managing Director and CEO Helen Lofthouse said: “We’ve been working through a range of business rationalisation measures that are intended to unlock capacity for our highest priority areas while also laying the...
Interactive Brokers adds MultiSort Screeners and Option Lattice to IBKR Desktop platform
Electronic trading major Interactive Brokers continues to expand the capabilities of the recently launched IBKR Desktop platform. Version 0.07 of IBKR Desktop includes a raft of enhancements. MultiSort Screeners enables users to find and sort data using multiple...
Italy’s CONSOB orders blocking of access to five unauthorized investment websites
Italy’s Companies and Exchange Commission (CONSOB) has issued orders for the blocking of access to five unauthorized investment websites. In issuing the orders, the Authority availed itself of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law no....
Turkish c-bank grants operating license to Garanti Payment and Electronic Money Service
The Turkish central bank has granted Garanti BBVA an operating license for its new subsidiary, Garanti Payment and Electronic Money Service, Inc., effective February 15, 2024. The innovative new company will begin offering a selected group of customers a beta version...
Exclusive: HYCM control sold via management buyout
FNG Exclusive… FNG has learned that ownership of the Retail FX and CFDs brokerage brand HYCM is changing hands, in a management buyout that is still in process. Buying control of HYCM are Roger Bach and Stavros Lambouris, two longtime senior managers within the HYCM...
FSCS confirms nine firms declared in default in December 2023 and January 2024
Consumers could be in line for compensation, as the UK Financial Services Compensation Scheme (FSCS) has confirmed that the nine firms were declared in default in December 2023 and January 2024. The following firms have gone out of business and are unable to meet any...
NatWest appoints Paul Thwaite as Group CEO
The Board of NatWest Group plc has appointed Paul Thwaite as Group Chief Executive Officer and Executive Director with immediate effect. This follows his appointment on an initial 12-month basis in July 2023. Paul Thwaite, NatWest Group CEO said: “I want to thank the...
StoneX Group plans private offering of $550M of Senior Secured Notes due 2031
StoneX Group Inc. (NASDAQ:SNEX), owner of Forex brands such as FOREX.com and City Index, today announced that it intends to offer $550 million in aggregate principal amount of Senior Secured Notes due 2031. The Notes and the related Note guarantees will be offered in...
CFTC secures Court order against Erik J. Hass and his company Simply Gains
The Commodity Futures Trading Commission (CFTC) today announced that the U.S. District Court for the District of Oregon entered a consent order for permanent injunction, monetary sanctions, and equitable relief against defendants Erik J. Hass and his company Simply...
Exclusive: Eightcap cutting brokerage service to all prop trading firms
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Eightcap has informed its prop trading clients that it will be halting brokerage services for all prop trading firms, as of the end of February. The move by Eightcap comes as Cyprus based trading platform...
Euronext registers 10% drop in FX trading revenues in 2023
Pan-European market infrastructure Euronext today published its results for the fourth quarter and full year 2023. FX trading revenue was stable at €6.7 million in the final quarter of 2023 as higher volumes were offset by FX impact. On a like-for-like basis at...
Robinhood adds more assets to 24 Hour Market
Robinhood has expanded the total number of symbols available overnight in the US to 922. Using 24 Hour Market, traders can place limit orders to buy whole shares of some of the most traded ETFs and individual stocks 24 hours a day, five days a week. 24 Hour Market...
Australia’s labor market report is weak. Japan’s GDP unexpectedly contracted :: InvestMacro
By JustMarketsAt Wednesday’s close of the stock exchange, the Dow Jones Index (US30) rose by 0.40%. The S&P 500 Index (US500) was up 0.96%. The NASDAQ Technology Index (US100) closed positively at 1.30%.Chicago Fed Chairman Goolsbee stated yesterday that even if...
Former Goldman Sachs analyst found guilty of insider dealing and fraud
Mr Mohammed Zina was today found guilty of six offences of insider dealing and three offences of fraud following a 12-week trial at Southwark Crown Court brought by the UK Financial Conduct Authority (FCA). Between 2014 and December 2017, Mohammed Zina worked as an...
USDInd, Bitcoin & XAGUSD hit target prices :: InvestMacro
By ForexTime USDInd bulls bags over 350 index pointsBitcoin secures 2 out of 4 profit levelsSilver eyes 4th and final M15 profit targetCheck out these potential profits that you may have missed from our Daily Market Analysis.USDInd bullish breakoutAfter struggling for...
Court enforces investigative subpoenas against promoters of NovaTech crypto investment program
The Securities and Exchange Commission (SEC) announces that, on February 13, 2024, the U.S. District Court for the Northern District of Texas granted the SEC’s application to enforce a subpoena for production of documents issued to Dapilinu Dunbar and a subpoena for...
FCA discontinues criminal proceedings against former CEO and CFO of Globo plc
The UK Financial Conduct Authority (FCA) has withdrawn arrest warrants for Konstantinos Papadimitrakopoulos and Dimitris Gryparis, respectively the former chief executive and chief financial officer of Globo plc. In February 2019, the FCA obtained domestic and...
Options Technology appoints Marlena Efstratopoulou as Chief Information Security Officer
Options Technology today announced the appointment of Marlena Efstratopoulou as its new Chief Information Security Officer (CISO). Having previously served as Chief Risk Officer (CRO) and Chief Security Officer (CSO) at the company, Ms Efstratopoulou brings a wealth...
RoboMarkets upgrades web platform and R StocksTrader app
Retail FX and CFD broker RoboMarkets has rolled out a major update to R StocksTrader, an innovative web platform and mobile trading application. The company has made available over 940 new stocks, including well-known companies across various industries. The new...
Court dismisses OANDA’s patent infringement claims against StoneX
The Illinois Northern District Court has dismissed a patent infringement lawsuit brought by OANDA against StoneX. The relevant judgment was signed by the Honorable John J. Tharp, Jr on February 14, 2024. Plaintiff OANDA Corporation and defendant StoneX Group, Inc. are...
Prop trading firm Funding Pips halts services
Yet another prop trading firm popular with the retail trading crowd has halted operations, with Funding Pips (at website fundingpips.com) indicating that it too has been kneecapped by MetaQuotes. Following the recent service shutdowns experienced by Dubai based prop...
FCA requests Consumer Duty-related information from financial adviser firms
The UK Financial Conduct Authority (FCA) has written to a number of financial adviser firms requesting information about their delivery of ongoing services, for which their clients continue to be charged after advice has been given. In its survey, the FCA asks if...
FINRA fines Ceros Financial Services for deficiencies in supervision of business-related communications
Ceros Financial Services, Inc. has agreed to pay a fine of $75,000 as part of a settlement with the Financial Industry Regulatory Authority (FINRA). From January 2018 through June 2021, Ceros did not have a reasonable supervisory system for business-related...
Court denies EminiFX investors’ motion to intervene in CFTC action
The New York Southern District Court has denied motion by EminiFX investors to intervene in the lawsuit brought by the Commodity Futures Trading Commission (CFTC). Judge Valerie E. Caproni signed an order on February 14, 2024, siding with the CFTC as the regulator has...
IG Group adds TipRanks investor research tools
London based IG Group (LON:IGG), a global leader in online trading and investments, and investment research tools provider TipRanks have announced a new partnership, to enrich investment research for IG Group clients. This new collaboration gives IG Group’s clients...
Architect Financial Technologies closes $12M capital raise
Architect Financial Technologies, Inc, a provider of derivatives brokerage services and trading technology, has closed a $12 million capital raise. With the completion of the new round, the company has raised $17 million since its inception in January 2023. The round...
Straits Financial gets a slap on the wrist for CME rule violation
International derivatives marketplace CME Group has published a notice of summary action against Straits Financial LLC. During the period July 2022 through August 2023, Straits Financial LLC submitted incomplete large trader positions in several CME, CBT, NYMEX, and...
FIS, Banked partner to create new pay-by-bank solutions
FIS (NYSE:FIS) has entered a partnership with Banked, a provider of open banking solutions, to drive new pay-by-bank offerings for both businesses and consumers. Pay-by-bank solutions simplify payments by combining the benefits of real-time payment rails with the...
Bitcoin bulls ride off weekly support :: InvestMacro
By ForexTime Bitcoin bullish on D1/W1 timeframeStrong W1 support at 48412.28Prices firmly above H4 LWMA4 potential targets on the H4 timeframeBullish scenario invalidated below 47714.98Bitcoin has seen spectacular bullish action over the past two weeks.Prices are...
Robinhood posts Q4 profit of $30M as crypto trading returns
Shares US based neobroker Robinhood (NASDAQ:HOOD) were soaring in premarket trading on Wednesday, after the company reported better-than-expected results for Q4 and full year 2023. Robinhood actually turned in only its second profitable quarter ever in Q4 (the other...
The US inflation report strengthened the US dollar and affected the indices. Switzerland is seeing a sharp decline in inflation :: InvestMacro
By JustMarketsUS stocks fell sharply on Tuesday after releasing a sharper-than-expected inflation report. At Tuesday’s stock market close, the Dow Jones Index (US30) was down 1.35%. The S&P 500 index (US500) was down 1.37%. The NASDAQ Technology Index (US100)...
BGC Group reports 18.4% Y/Y rise in Q4 2023 revenues
BGC Group, Inc. (NASDAQ:BGC) today reported its financial results for the fourth quarter and full year ended December 31, 2023. BGC’s revenue grew by 18.4 percent to $516.8 million and represented its highest ever fourth quarter revenue performance. This growth was...
CME Group registers rise in revenues in Q4 2023
International derivatives marketplace CME Group Inc. (NASDAQ:CME) today reported financial results for the fourth quarter and full year of 2023. The company reported revenue of $1.4 billion, up from $1.2 billion a year earlier, and operating income of $863 million for...
Genesis Global launches web-based version of Trade Allocation Manager
Software application development platform Genesis Global today announced the launch of the web version of its multi-asset class middle-office solution, Trade Allocation Manager (TAM). TAM provides a robust foundation for operational efficiency and regulatory...
Clearstream, iCapital extend partnership to facilitate access to alternative investments
Post-trading services provider Clearstream is extending its partnership with fintech platform iCapital, driving the world’s alternative investment marketplace for the wealth management industry. The extended collaboration will significantly increase efficiencies and...
ESMA withdraws Euronext authorisation as data reporting service provider under MiFIR
The European Securities and Markets Authority (ESMA) has withdrawn the authorisation of Euronext Paris SA as a Data Reporting Service Provider (DRSP) under the Markets in Financial Instruments Regulation (MiFIR). Euronext was authorised as both an Approved Reporting...
CAPEX.com expands collaboration with brand ambassador Zach King
Retail FX and CFDs broker CAPEX.com has announced its latest collaboration with brand ambassador and social media sensation Zach King. Building on the success of its previous collaborations, CAPEX.com is introducing a new video featuring Zach King, aimed at empowering...
FCA stops over 10,000 misleading financial adverts and promotions in 2023
Over 10,000 financial adverts and other promotions were withdrawn or changed in 2023 following intervention from the UK Financial Conduct Authority (FCA), an increase of 17%, year-on-year. The FCA also published 2,285 alerts to help prevent consumers from losing their...
IG launches new video series titled “Technical cheat sheet”
Electronic trading major IG has launched a new video series titled “Technical cheat sheet“, where one of the top-traded markets is selected for an in-depth analysisof its technical aspects, including key indicators, an overview, levels, and strategies. IG examines the...
SEC obtains judgments against Beaxy Digital and Artak Hamazaspyan
The Securities and Exchange Commission (SEC) has secured default judgments against Beaxy Digital, Ltd and Artak Hamazaspyan. The relevant documents were signed by the Honorable LaShonda A. Hunt of the Illinois Northern District Court on February 13, 2024. Defendants...
Braces for breakout ahead of CPI :: InvestMacro
USDInd waits for fundamental sparkWatch out for US inflation reportDescending channel on H4 charts Key levels of interest at 104.31 & 104.00Possible breakout on horizon After struggling for direction over the last few days, the USDInd could be injected with fresh...
Funded Engineer delays relaunch, switches to broker Blueberry Markets
FNG Exclusive… FNG has learned that Dubai based prop trading firm Funded Engineer is delaying the relaunch of its services, after its software licenses were terminated by its tech provider FPFX Technologies last week. FNG has also learned that Funded Engineer – in...
Self-extinguishing batteries could reduce the risk of deadly and costly battery fires :: InvestMacro
By Apparao Rao, Clemson University and Bingan Lu, Hunan University In a newly published study, we describe our design for a self-extinguishing rechargeable battery. It replaces the most commonly used electrolyte, which is highly combustible – a medium composed of a...
Swissquote’s new website goes live
Swiss leader in online banking Swissquote has launched its new website. The website swissquote.com is offering a new design, navigation and numerous improvements to enhance Swissquote clients’ experience and keep bringing in the financial opportunities. Among the...
Could Market Bubble Lead To a New Gold Bull Market? :: InvestMacro
Could another bubble burst like the “Dotcom Bubble,” which helped usher in a decade-long gold bull market with extraordinary gains, be on its way? Surprisingly, some analysts and experts say there are similarities between then and now.Could another bubble burst like...
eToro introduces Vinter Bitcoin and Gold Index (VBOLD) Smart Portfolio
Online broker eToro introduces the Vinter Bitcoin and Gold Index (VBOLD) Smart Portfolio. Vinter is a Swedish crypto indices provider that pioneers innovative solutions in the digital asset space. Their indices are the first approved by the European Securities and...
Zero-Emission Hydrogen Vehicle Starts Trials in Wales :: InvestMacro
Source: Streetwise Reports (2/8/24)First Hydrogen Corp. announced it has started month-long trials of its hydrogen fuel-cell-powered light commercial vehicle (FCEV) with a utility company in Wales.First Hydrogen Corp. (FHYD:TSX; FHYDF:OTC; FIT:FSE) announced it has...
Sumsub launches Deepfake Detection feature in its Video Identification solution
Full-cycle verification platform Sumsub has launched a Deepfake Detection feature integrated into its Video Identification solution. Sumsub’s Deepfake Detection feature represents a significant leap forward in combating AI-driven identity fraud, particularly as fraud...
Ahead of the US CPI report, investors are liquidating long positions in equities :: InvestMacro
By JustMarkets At Monday’s stock market close, the Dow Jones (US30) index was up 0.33% and set a new all-time high. The S&P 500 index (US500) was down 0.10%. The NASDAQ Technology Index (US100) closed negative 0.30%. Ahead of the monthly US consumer price report,...
Cornerstone FS secures MSB license in Canada
Cornerstone FS plc (LON:CSFS), a foreign exchange and payments solutions company, today announced that it is now authorised to operate in Canada through the receipt of a Money Services Business (MSB) licence from the Financial Transactions and Reports Analysis Centre...
Driving the best possible bargain now isn’t the best long-term strategy, according to game theory :: InvestMacro
By Kate Vitasek, University of Tennessee Conventional wisdom says that you should never leave money on the table when negotiating. But research in my field suggests this could be exactly the wrong approach.There’s mounting evidence that a short-term win at the...
IG Japan adds FTSE Taiwan RIC Capped Index to offering
IG Securities, the Japanese subsidiary of electronic trading major IG Group, is adding stocks related to the FTSE Taiwan RIC Capped Index. The new offering aims to replace the instruments related to TAIEX, which IG Japan ceased offering in December 2023. The new...
Nasdaq expands risk platform into Asia with Thailand’s KKPS
US stock exchange operator Nasdaq (NASDAQ:NDAQ) has announced that it has secured the first client to adopt its Risk Platform in Asia, having signed a multi-year agreement with Kiatnakin Phatra Securities (KKPS), the largest institutional broker in Thailand. Nasdaq...
FCA bans and fines former director of London Capital & Finance
The UK Financial Conduct Authority (FCA) has fined a former director of London Capital & Finance plc (LCF) £31,800 and banned him from working in financial services. Floris Jakobus Huisamen was responsible for compliance at LCF but recklessly signed off hundreds...
CySEC announces withdrawal of ICF membership of Neo Premium Investments
The Cyprus Securities and Exchange Commission (CySEC) today announced that the Investors Compensation Fund (ICF) has withdrawn the ICF membership of Neo Premium Investments (NPI) Ltd. It is noted that, in accordance with paragraph 6(3) of the Directive, the loss of...
Tradefeedr and LSEG partner on FX Data Analytics
London based FX trading analytics company Tradefeedr and LSEG FX, have announced plans to enter into a strategic partnership to integrate Tradefeedr’s unified data APIs within the LSEG FX trading ecosystem, including LSEG’s leading venue FXall and flagship workflow...
SEC obtains judgment against Stock Squirrel CEO
The Securities and Exchange Commission (SEC) has obtained final judgments against John Feloni and his company Stock Squirrel, Inc. Among other things, the judgments order payment of over $2 million in disgorgement of ill-gotten gains, prejudgment interest, and civil...
Brent Crude Prices Edge Higher Amid Middle East Tensions :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil prices are currently hovering around $82.00 per barrel this Monday, with market sentiment influenced by recent developments in the Middle East. Although concerns over disruptions to energy supplies from the region have...
Finalto launches new podcast series ‘Overleveraged’
Overleveraged gives listeners a unique opportunity to be a fly on the wall for insider conversations on market movements and trends. This podcast dives deep into the pulsating heart of global macroeconomics. Explore insights into the most pressing developments and...
How are Oil Prices Impact by Wars, and What Can We Expect in 2024 :: InvestMacro
War can impact oil prices significantly, especially if one of the oil production companies is participating in such a war. Production and refining are critical elements of an oil infrastructure; those assets could be destroyed or slowed due to war activity. War can...
Dubai’s VARA grants Virtual Asset Service Provider license to Aquanow
Crypto infrastructure provider Aquanow today announced that it has been granted its Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). The license remains non-operational until the company fully satisfies all...
GBPUSD bears ready to strike? :: InvestMacro
Data heavy week for GBPUSDUK data dump set to influence PoundDollar volatility also on the cardsSignificant move on horizonKey levels of interest at 50 SMA and 200 SMAThis could be an eventful week for the GBPUSD due to key economic reports from both the UK and the...
SEC brings charges against participant in “free riding” scheme
The Securities and Exchange Commission (SEC) has filed a complaint against Travis Treusch in connection with a fraudulent “free riding” scheme. The complaint, filed with the New York Eastern District Court, alleges that from at least August 2020 through January 2022...
Geopolitical risks in the Middle East support crude oil prices. RBNZ intends to raise rates further :: InvestMacro
By JustMarkets As of Friday’s stock market close, the Dow Jones Index (US30) was down 0.14% (0.32% for the week). The S&P 500 Index (US500) decreased by 0.57% (1.40% weekly). The NASDAQ Technology Index (US100) closed positively at 1.25% (2.41% for the week)....
Trading Technologies expands into clearing tech, acquiring ATEO
Chicago based capital markets technology platform provider Trading Technologies has announced a definitive agreement to acquire Paris, France based company ATEO SAS, a leading provider of post-trade solutions for listed derivatives, expanding TT’s reach into clearing...
BNP Paribas Securities Corporation joins LCH CDSClear
LCH CDSClear today announced the expansion of its client clearing services to US credit derivatives market participants, offering greater access to the capital reduction, margin offsets and operational efficiencies available through clearing to more clients globally....
Visa extends digital wallet capabilities within Visa Commercial Pay
Visa (NYSE:V) announced extended digital wallet capabilities within Visa Commercial Pay, a suite of B2B payment solutions built in partnership with Conferma Pay, a provider of virtual payments technology, to revolutionize how businesses manage transactions globally....
Exclusive: Isabella Mannucci leaves Trade Nation for LaTAM BizDev position at ATC Brokers
FNG Exclusive… FNG has learned that experienced FX industry executive Isabella Mannucci has joined Retail FX and CFDs broker ATC Brokers, as the company’s new Head of Business Development LATAM. Isabella Mannucci joins ATC Brokers from Trade Nation, where she was in...
Clearstream, Quantalys Harvest Group partner on digital fund selection and portfolio modelling
Global post-trading services provider Clearstream and wealth technology platform Quantalys Harvest Group are offering a fund selection and portfolio modelling web tool, accessible to distributors through the Clearstream client web portal. The digital solution is a...
GCEX expands spot crypto liquidity via Crossover Markets’ CrossX ECN
GCEX, a regulated digital brokerage that enables brokers, funds and professional traders to access deep liquidity, has announced that it is partnering with Crossover Markets Group, Inc., a digital asset technology firm focused on meeting the unique liquidity...
Exclusive: ATFX MENA hires ThinkMarkets/Amana alum Aditya Singh as Director Institutional BD and Product
FNG Exclusive… FNG has learned that leading online brokerage group ATFX has hired experienced FX industry executive Aditya Singh as Director – Institutional Business Development and Product, for ATFX MENA. He will be based in Dubai for his new role at ATFX. Aditya...
FCA warns of Coinbase clone
The UK Financial Conduct Authority (FCA) warns that an unauthorised entity is abusing the name of crypto firm Coinbase. Fraudsters copy the details (name, address, logo, etc) of firms the FCA authorises to try and convince people that their firm is genuine. These...
Crypto Finance secures four BaFin licences in Germany
Crypto Finance AG, part of Deutsche Börse Group, has reached another milestone in its history. The FINMA-supervised provider of institutional-grade investment solutions, custody, and trading for digital assets has now secured four new licences from the German Federal...
FX week in review: Prop trading licenses yanked, CMC layoffs, XTB share sale, CEO changes
Before we get to this past week’s top stories, we’re pleased to report that FXNewsGroup.com saw yet another record month for visitors and pageviews in January – which has continued into February, and our best ever traffic week over the past seven days! Our #1 position...
IronFX CFO George Kyriakoudes departs
George Kyriakoudes, Chief Financial Officer (CFO) of Cyprus based Retail FX and CFDs broker IronFX, has announced on a social media post that he is leaving the company. George Kyriakoudes served as IronFX CFO for the past three years. Prior to joining IronFX in 2021,...
FCA cancels KBFS Financial’s permission to conduct regulated activities
The UK Financial Conduct Authority (FCA) has cancelled the Part 4A permission of KBFS Financial Limited. The firm was authorised by the FCA on 1 July 2019 and had a Part 4A permission to conduct the following regulated activities in relation to designated investment...
NY Attorney General expands lawsuit against Digital Currency Group
New York Attorney General Letitia James today filed an amended complaint, expanding the Office of the Attorney General’s (OAG) lawsuit against Digital Currency Group, Inc. (DCG), DCG’s CEO, Barry Silbert, and Genesis Global Capital, LLC and its affiliates’ (Genesis)...
SEC orders 16 firms to pay $81M in total to settle charges for recordkeeping failures
The Securities and Exchange Commission (SEC) today announced charges against five broker-dealers, seven dually registered broker-dealers and investment advisers, and four affiliated investment advisers for widespread and longstanding failures by the firms and their...
US500 set to conquer 5000 milestone? :: InvestMacro
Note: This report was published before the US CPI revisions.Index could be influenced by US CPIWatch out for Fed speeches + retail salesBulls remain in control on D1/W1 timeframeKeep eye on key 5000 levelThe US500, which tracks the benchmark S&P500 index is up...
Erin Mansfield and Cecilia Mao join BoD of Cboe Global Markets
Derivatives and securities exchange network Cboe Global Markets, Inc today announced its Board of Directors elected Erin Mansfield, former Managing Director, Global Head of Regulatory Relations and Policy at Barclays, and Cecilia Mao, Global Chief Product Officer at...
RBNZ returns to a hawkish tone. Oil rises on Israeli PM Netanyahu’s rejection of a ceasefire :: InvestMacro
By JustMarketsThe Dow Jones Index (US30) was up 0.13% at yesterday’s stock market close. The S&P 500 index (US500) added 0.06%. The NASDAQ Technology Index (US100) closed positively by 0.24%. On Thursday, stock indices rose slightly due to strong corporate...
ASIC cancels AFS license of Brava Capital
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services licence (AFSL) held by Sydney-based Brava Capital Pty Ltd, previously known as Dayton Way Securities Pty Ltd between 2010 and August 2023. The licence...
FCA issues update on LFS scheme of arrangement
The UK Financial Conduct Authority (FCA) has issued an update on the Link Fund Solutions (LFS) scheme of arrangement. The Court has decided to approve the scheme. LFS expect to start making payments to scheme creditors as soon as possible, if there is no appeal of the...
Australian Court finds Block Earner engaged in unlicensed financial services conduct
The Australian Federal Court has found fintech company Block Earner engaged in unlicensed financial services conduct when offering its crypto-backed Earner product. From March 2022 to November 2022, Block Earner offered consumers the Earner product which allowed them...
HKEX confirms appointment of Bonnie Chan as CEO
The Board of Hong Kong Exchanges and Clearing Limited (HKEX) today confirmed the appointment of Ms Chan Yiting, Bonnie as Chief Executive of HKEX, effective 1 March 2024. In December 2023, HKEX announced that Alejandro Nicolas Aguzin will not seek reappointment as...
Finalto Asia Celebrates Lunar New Year with Prosperity and Innovation
Finalto Asia, a leading financial technology company, is excited to usher in the Lunar New Year with a spirit of prosperity, growth, and innovation. As the world embraces the Year of the Dragon, Finalto Asia is poised to continue its commitment to providing...
HK authorities warn public of MEXC for suspected virtual asset-related fraud
Hong Kong’s Securities and Futures Commission (SFC) and the Police today warned the public of a suspected fraud involving an entity purporting to be a virtual asset trading platform (VATP) and operating under the name of “MEXC”. MEXC claimed to be a VATP and operates...
Barclays to acquire Tesco’s retail banking business
Barclays today announced that Barclays Bank UK PLC has entered into an agreement to acquire the retail banking business of Tesco and enter into an exclusive long-term partnership to offer Tesco branded credit cards, personal loans and deposits. Tesco’s retail banking...
Revolutionising Partnership and Affiliate Marketing in Financial Trading :: InvestMacro
Belize City, Belize (7 February 2024) – RoboForex, a company that offers brokerage services in financial markets, announced the launch of its innovative Infinity Program, marking a significant evolution of its existing Partner Programs. Infinity provides partners with...
NFA permanently bars Bit5ive Mining Fund Advisor from membership
The United States National Futures Association (NFA) has permanently barred Bit5ive Mining Fund Advisor, LLC, an NFA Member commodity pool operator (CPO) located in Doral, Florida, from NFA membership and from acting or being listed as a principal of an NFA Member....
CySEC reaches €200k settlement with Fintailor Investments
The Cyprus Securities and Exchange Commission (CySEC) today announced a settlement agreement with Cyprus investment firm (CIF) Fintailor Investments Ltd. The settlement covers possible violations of the Prevention and Suppression of Money Laundering and Terrorist...
Admirals confirms CEO and Cyprus office head management departures
Following our FNG Exclusive report from mid January that Estonia based Retail FX and CFDs broker Admirals was set to make some drastic changes to senior management – including the departure of longtime CEO Sergei Bogatenkov as well as the company’s Executive Director...
CySEC withdraws CIF authorisation of Leverate Financial Services
The Cyprus Securities and Exchange Commission (CySEC) today announced the withdrawal of the Cyprus investment firm (CIF) license of Leverate Financial Services Ltd. The decision for the license withdrawal was made at the CySEC meeting held on December 4, 2023. The...
Exness CCO Damian Bunce departs
Exness’ Chief Customer Officer (CCO) Damian Bunce has announced on social media that he is leaving the company at the end of the month. We understand that his decision was (in part) due to a decision to leave Cyprus and move back to London. Damian Bunce joined Exness...
Italy’s CONSOB orders blocking of access to websites of FX Future Trading and FCapital24
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to six new unauthorised investment websites. Of these six websites, five are illegal financial intermediation websites and one is a website through which an offer of financial...
State Street expands Fund Connect ETF portal via upgrades to its API
State Street Corporation (NYSE:STT) today announced the expansion of its Fund Connect ETF portal via upgrades to its Application Protocol Interface (API), now offering coverage to all clients globally including Europe and the APAC region. Fund Connect ETF APIs have...
IG Group, Aichi International Arena and AEG announce partnership for new arena in Japan
Electronic trading major IG Group, the Aichi International Arena Company, Ltd., and AEG today announced a 10-year naming rights partnership for the new 17,000-seat arena under construction in Nagoya, Japan. The multi-year agreement, marks one of the largest naming...
Nasdaq Private Market closes $62.4M Series B financing, led by Nasdaq
Nasdaq Private Market (NPM), a leading provider of liquidity solutions to private companies, their employees, and investors, announced today that it has closed its Series B financing. The $62.4 million round was led by Nasdaq with participation from current investors...
ICE reports 25% Y/Y rise in revenues in Q4 2023
Intercontinental Exchange (NYSE:ICE) today reported financial results for the fourth quarter and full year of 2023. For the quarter ended December 31, 2023, consolidated net income attributable to ICE was $373 million on $2.2 billion of consolidated revenues less...
FPFX terminates license of prop trading firm Funded Engineer over alleged fraud scheme
Boca Raton, Florida based prop trading technology firm FPFX Technologies has announced that it has terminated the license of its client, Dubai based prop trading firm Funded Engineer (at website fundedengineer.com), over an apparent scheme to defraud FPFX Tech and...
FCA issues 2,286 warnings about possible scams in 2023
The UK Financial Conduct Authority (FCA) issued a total of 2,286 warnings about possible scams in 2023. The number of warnings issued last year marks an increase of 21% from 1,882 in 2022. The warnings are alerting consumers that firms and individuals on the FCA...
Deutsche Börse posts 17% increase in revenue in 2023
Deutsche Börse has published a set of strong financial metrics for 2023. Net revenue increased to €5,076.6 million in financial year 2023 (2022: €4,337.6 million). The net revenue increase of 17 per cent consisted partly of around 5 per cent secular growth, which...
Vantage Markets extends partnership with NEOM McLaren Extreme E Team
Global multi-asset broker Vantage Markets today announce the continuation of its partnership with the NEOM McLaren Extreme E Team for the third consecutive year. Extreme E, an off-road racing series with the mission to raise awareness on environmental issues and...
Bloomberg launches automated electronic workflow for trading EUR IRS v Bond Future contracts through Eurex
Bloomberg today announced the launch of a fully automated electronic workflow for the trading and reporting of EUR Interest Rate Swap (IRS) v Bond Future contracts through Eurex. This new end-to-end workflow allows sell-side participants acting as executing brokers to...
SEC obtains judgments against promoters of CoinDeal scheme
On February 7, 2024, the Illinois Northern District Court entered final judgments on all claims against two CoinDeal promoters, Arline Woodbury of Ridgewood, New Jersey and Joyce Holverson of River Forest, Illinois. The SEC’s complaint alleged that Woodbury and...
Travelex registers 24% increase in FY23 revenues
Global travel money services business Travelex International Group today announced its full-year results for the year ended 31 December 2023. The Group reported underlying EBITDA of £58.8 million, representing £35.8 million or 156% growth on 2022 (£61.3 million, up...
London Stock Exchange to re-enable RFQ functionality on Feb 12, 2024
The London Stock Exchange RFQ functionality will be re-enabled on Monday 12 February 2024. Let’s recall that LSE confirmed an incident occurred on October 19, 2023. At 15:11 BST on Thursday 19 October, all instruments on Partition 3 (of 3) of the LSE Order Book...
Citi announces launch of FIX API connectivity on Advanced Citi ETF System
Citi Securities Services announces the launch of Financial Information eXchange (FIX) API connectivity on Advanced Citi ETF System (ACES)– the bank’s online, global ETF portal that fully automates the entire ETF process. Borne out of a successful client pilot, the new...
Exclusive: Capital Index CEO Trevor Barwell resigns
FNG Exclusive… FNG has learned that Trevor Barwell has resigned his position as CEO of FCA regulated CFDs, Financial Spread Betting and Spread Trading online broker Capital Index, and has left the company. Trevor Barwell was promoted to the position of CEO (or more...
FOMC officials remain hawkish. Bank of Canada will hold rates longer than the market expects :: InvestMacro
By JustMarkets At yesterday’s stock market close, the Dow Jones Index (US30) was up 0.37%. The S&P 500 index (US500) added 0.23% yesterday. The NASDAQ Technology Index (US100) closed positively by 0.07%. The broad market posted moderate gains on Tuesday on the...
MoneyGram announces four appointments to senior management team
MoneyGram International, Inc, a leading global financial technology company, today announced four strategic appointments to its senior management team, responsible for the acceleration of the Company’s global digital strategy. These new leaders will partner closely...
US30 aiming for new all-time highs? :: InvestMacro
US30 trapped within rangeIndex could see increased volatilityRSI signals negative divergencePotential breakout on horizon Key level of interest at 38792 The US30 which tracks the benchmark Dow Jones Industrial Average remains trapped within a 520 pip range on the...
Nuvei launches enhanced omnichannel payments solution for merchants and platforms
Canadian fintech company Nuvei Corporation (TSX:NVEI) announces today that it is launching its enhanced omnichannel payments solution for merchants and platforms. Nuvei’s unified commerce offering, which is now available to customers operating outside of North America...
Australian Court orders Brite Advisors be wound up
Australia’s Federal Court has ordered Brite Advisors Pty Ltd be wound up on just and equitable grounds following an application by ASIC. At a hearing on 6 February 2024, the Court appointed Linda Smith and Robert Kirman of McGrath Nicol as liquidators to Brite and as...
AstroPay partners with MetaTrader 5 Payments
Fintech company MetaQuotes today announced that payment provider AstroPay has partnered with MetaTrader 5 Payments. Along with the other PSPs already available, AstroPay now caters to brokers within the trading platform. The provider ensures secure protection of all...
Eurex to expand its TRF segment through cooperation with MSCI
Eurex is extending its Total Return Futures (TRF) segment through a cooperation with MSCI, a leading provider of essential decision tools and services to the global investment community. Effective 11 March 2024, the derivatives arm of Deutsche Börse Group plans to...
StoneX registers 53% Y/Y increase in revenues from FX/CFD contracts in Q1 FY24
StoneX Group Inc. (NASDAQ:SNEX), the owner of Forex brands such as FOREX.com and City Index, has published its financial results for the fiscal year 2024 first quarter ended December 31, 2023. Operating revenues derived from FX/CFD contracts increased $25.8 million,...
Exclusive: Prop trading firm The Trading Pit sees departure of CTO Prodromos Efthymiou
FNG Exclusive… FNG has learned that Prodromos Efthymiou, one of the architects of Cyprus based prop trading firm The Trading Pit, has left the company. Prodromos Efthymiou had served as The Trading Pit’s Chief Technology Officer (CTO) since the company’s founding, in...
UBS announces launch of HK investment-grade tokenized warrant on Ethereum network
UBS AG announced today the launch of Hong Kong’s first-ever investment-grade tokenized warrant on the Ethereum public blockchain network. This innovative product utilizes the on-chain issuance product framework offered by UBS Tokenize, the bank’s in-house tokenization...
FINRA fines Goldman Sachs for alleged rule violations
The Financial Industry Regulatory Authority (FINRA) has fined Goldman Sachs & Co. LLC for alleged rule violations. Between February 2009 and mid-April 2023, Goldman failed to include warrants, rights, units, and certain OTC equity securities in nine surveillance...
Alison Platt assumes role of Hargreaves Lansdown Board Chair
Following regulatory approval of Alison Platt, the Board of Hargreaves Lansdown announces her appointment to role of Chair of the Board and as a Non-Executive Director of HL with effect from February 6, 2024. Alison Platt Alison Platt has extensive leadership...
CME Group to launch U.S. Corporate Bond Index futures
International derivatives marketplace CME Group today announced that its interest rate complex will expand in summer 2024 with the launch of U.S. Corporate Bond Index futures, pending regulatory review. The new futures contracts will be based on the Bloomberg U.S....
Webull launches in Brazil – FX News Group
Webull Corporation today announced its launch into the Brazilian market. With over seven years of global market experience and brokerage services in ten other countries, Webull will offer Brazilian investors a new option and approach for accessing the stocks, ETFs,...
Ouinex integrates Crossover Markets’ crypto ECN technology CROSSx
France based crypto trading platform Ouinex has announced a strategic partnership with crypto trading technology provider and digital asset ECN operator Crossover Markets. Ouinex will integrate Crossover’s cutting-edge electronic communication network (ECN)...
Exclusive: Prop trading firm True Forex Funds shut down by MetaQuotes move
FNG Exclusive… FNG has learned that Hungary based online prop trading firm True Forex Funds has ceased operating, at least temporarily, after MT4 / MT5 operator MetaQuotes terminated its trading platform licenses. True Forex Funds becomes the second known name in the...
RBA keeps rates unchanged but maintain a hawkish attitude :: InvestMacro
By JustMarketsAt the close of the stock market yesterday, the Dow Jones Index (US30) decreased by 0.71%. The S&P 500 Index (US500) was down by 0.32%. The NASDAQ Technology Index (US100) closed negative by 0.20%. Stocks came under pressure on Monday as bond yields...
ESMA withdraws EU recognition of Dubai Commodities Clearing Corporation (DCCC)
Pan European financial regulatory oversight body European Securities and Markets Authority (ESMA) has announced that the Joint Board of Appeal of the European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) unanimously decided to dismiss the appeal brought by...
Crude bulls lean on 71.99 weekly support :: InvestMacro
By ForexTime Crude oil bullish on W1 timeframeStrong support level found at 71.99Stochastic Oscillator bullish 4 potential targets on H4 timeframe Bullish scenario invalidated below 71.39Crude oil prices dropped like a rock last week as a correction wave in the...
NovoPayment teams up with Mastercard to grow footprint in Mexico
NovoPayment, a mission-critical financial and payments infrastructure provider, announced today that it has received Mastercard certification, as part of the Mastercard Network Enablement Partner program, to switch and process Mastercard transactions in Mexico. The...
Tradeweb posts 26.3% Y/Y increase in revenues in Q4 2023
Tradeweb Markets Inc. (NASDAQ:TW), a global operator of electronic marketplaces for rates, credit, equities and money markets, today reported financial results for the fourth quarter and full year ended December 31, 2023. The company reported $370.0 million in...
Beeks Financial Cloud registers revenue growth of over 25% in H1 FY24
Beeks Financial Cloud Group plc (LON:BKS), a cloud computing and connectivity provider for financial markets, today announced the signing of a multi-million-dollar, multi-year expansion contract for its Proximity Cloud offering, a new win with its Exchange Cloud...
ESMA sets requirements when posting investment recommendations on social media
The European Securities and Markets Authority (ESMA) and the respective National Competent Authorities in EU countries have announced that they are raising awareness of requirements established by the Market Abuse Regulation (MAR) which apply when posting investment...
CME fines trader for rule violations
International derivatives marketplace CME Group has published a notice of disciplinary action against David Hall. Pursuant to an offer of settlement in which David Hall neither admitted nor denied the rule violations or factual findings upon which the penalty is...
Exclusive: Jakub Zablocki cashes out $119 million in XTB shares after all-time high hit
FNG Exclusive… FNG has learned via regulatory filings made in Poland that Warsaw based Retail FX and CFDs broker XTB SA (WSE:XTB) has seen its co-founder and controlling shareholder Jakub Zablocki monetize more of his holdings in the company, taking his ownership in...
HK regulator bans former licensed reps of Nerico Brothers for five years
Hong Kong’s Securities and Futures Commission (SFC) has banned Mr Lam Ching Chiu and Mr Wong Siu Fung, both former licensed representatives of Nerico Brothers Limited, from re-entering the industry for five years. The ban will last from 6 February 2024 to 5 February...
Cboe Silexx unveils series of enhancements as part of version 24.1
Cboe Silexx, a multi-asset order execution management system (OEMS) that caters to the professional marketplace, has announced a series of enhancements as part of version 24.1. Vertically Reduce Order Ticket to Save Screen Space The minimum height requirement has been...
Eurex launches Mid-Curve Options on EURO STOXX 50 Index Dividend Futures
Eurex is expanding its dividend derivatives offering with the introduction of Mid-Curve Options on EURO STOXX 50 Index Dividend Futures as of 5 February 2024. Mid-Curve Options on index dividend futures, currently only available as an OTC product, can now be traded at...
Exclusive: Saxo UK CEO Charles White-Thomson resigns
FNG Exclusive… FNG has learned that Charles White-Thomson has resigned his position as CEO of Saxo Bank UK, and left the company. He has also stepped off of the Board of Directors of Saxo Capital Markets UK Ltd, formally the FCA regulated entity which operates the...
Understanding Meta’s 0.4% Yield and Its Growth Potential :: InvestMacro
By Ino.com | Source: Understanding Meta’s 0.4% Yield and Its Growth PotentialDividend-loving investors worldwide woke up with exciting news on Friday, as Facebook parent Meta Platforms, Inc. (META) announced its first-ever quarterly dividend and authorized a $50...
Exclusive: Paul Anderson joins Velocity Trade as SVP Institutional Sales
FNG Exclusive… FNG has learned that FX and finance industry veteran Paul Anderson has joined Velocity Trade, as Senior Vice President Institutional Sales. He will be based in Geneva for his new role at Velocity Trade. Paul Anderson joins Velocity Trade after spending...
AUDUSD bears to keep upper hand? :: InvestMacro
AUD down against most G10 YTDRBA decision + US data in focusAUDUSD bearish on D1 chartStrong USD could spell more painKey level of interest at 0.6550The past few weeks have certainly been rough and rocky for the Australian dollar!It has weakened against almost every...
Exclusive: Mohamed Elsergany returns to PU Prime as MENA CEO
FNG Exclusive… FNG has learned that offshore CFDs broker PU Prime has hired Cairo based executive Mohamed Elsergany as MENA CEO. Mohamed Elsergany had previously (2021-2022) served as Managing Director MENA for PU Prime, leaving to become MENA CEO and Global CMO for...
USD Strengthens Following Strong Employment Data :: InvestMacro
By RoboForex Analytical DepartmentThe US dollar has seen a significant increase in strength against the Euro, with the EUR/USD pair falling to 1.0770 by Monday morning. This movement is largely attributed to the recent release of robust employment sector reports in...
G.H. Financials to pay $150k fine for CME rule violations
International derivatives marketplace CME Group has issued a notice of disciplinary action against G.H. Financials, LLC. Pursuant to an offer of settlement in which G.H. Financials, LLC neither admitted nor denied the alleged rule violations,a Panel of the Chicago...
Powell promises that the US Fed will move slower than the market expects. Tensions persist in the Middle East :: InvestMacro
By JustMarketsAs of Thursday’s stock market close, the Dow Jones Index (US30) was up by 0.35% (+1.41% for the week). The S&P 500 Index (US500) added 1.07% yesterday (+1.34% for the week). The NASDAQ Technology Index (US100) closed positive by 1.74% (+1.02% for the...
BNY Mellon, Microsoft partner to expand capital markets data & analytics platform
BNY Mellon (NYSE:BK) and Microsoft are joining forces to transform capital markets and the broader financial services industry. Using Microsoft Azure cloud and BNY Mellon’s extensive financial data and analytics capabilities the platform will provide BNY Mellon’s buy...
Finalto Asia partners with Centroid on trading connectivity
Finalto Asia has announced a new strategic partnership with Centroid Solutions, a leader in advanced trading technology and infrastructure solutions. The parties said that these collaborative steps signify a reinforcement of Finalto Asia’s commitment to expanding its...
Exclusive: FXCM Cyprus hires Constantina Koniali from Markets.com as Compliance Officer
FNG Exclusive… FNG has learned that Constantina Koniali has joined Stratos Europe Ltd, the CySEC licensed entity formerly known as FXCM EU Ltd which operates the FXCM Retail FX and CFDs brand in Europe, as Compliance Officer and AMLCO (Anti-Money Laundering Compliance...
CME fines Tower Research Capital Investments for adversely impacting orderly conduct of futures trading
International derivatives marketplace CME Group has posted a notice of disciplinary action against Tower Research Capital Investments LLC. Pursuant to an offer of settlement in which Tower neither admitted nor denied the rule violations, a Panel of the Chicago Board...
Nium obtains in principle approval from RBI for two payment licences
Provider of real-time payments Nium has received in principle approval from the Reserve Bank of India for two prestigious payment licences – the Prepaid Payment Instrument (PPI) Licence and the Payment Aggregator (PA) Licence. The two licences will allow the global...
McLaren Racing selects Airwallex as official partner
Airwallex, a leading global payments and financial platform for modern businesses, today announced a multi-year partnership with the McLaren Formula 1 team, one of the sport’s most iconic brands. As an Official Partner, Airwallex will support McLaren’s global...
Saxo Bank sees FX trading volumes down, Equities up in slow January 2024
Following a decline in trading volumes over the last two months of 2023, Copenhagen based Retail FX and CFDs broker Saxo Bank saw the slow activity continue into 2024, with January trading volumes totaling $375.5 billion (versus a 2023 monthly average of $399 billion...
HK regulator urges investors to check status of virtual asset trading platforms
Hong Kong’s Securities and Futures Commission (SFC) reminds investors to trade virtual assets only on SFC-licensed virtual asset trading platforms (VATPs). If they are not certain about the regulatory status of the VATP they are currently dealing with, they can check...
CMC Markets to reduce global headcount by 200 positions
CMC Markets Plc (LON:CMCX), a leading global provider of online retail and institutional platform technology, today issued an update on its cost reduction and efficiency plans. In its interim results announcement on 16 November 2023, CMC indicated that the business...
Japanese Yen Speculators add to their bearish bets as yen falls :: InvestMacro
COT | Data | Leaders | What is COT? | Excel | COT DashboardHere are the latest links to our coverage of the Commitment of Traders data changes. Data updated through January 30th.The COT currency market speculator bets were higher this week as six out of the eleven...
Japanese Yen Speculators add to their bearish bets as yen falls :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday January 30th and shows a quick view of how large market...
Speculator bets led by Copper & Silver :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday January 30th and shows a quick view of how large traders...
Exclusive: Mohanad Yakout returns to offshore CFDs broker PU Prime as Chief Markets Analyst
FNG Exclusive… FNG has learned that veteran Dubai based FX industry analyst Mohanad Yakout has joined offshore Retail FX and CFDs broker PU Prime, as Chief Markets Analyst. Mohanad Yakout joins PU Prime, domiciled in Seychelles but operated from several locations...
FX week in review: Exness (and TeraFX) rebrand, email marketing changes, ConnextFX launch
Retail FX and CFD broker rebrandings (and a new broker launch) headlined industry news over the past week, alongside yet another long list of senior executive moves among both B2C and B2B operators. And virtually all of the big stories were reported first or...
Speculator bets led by Lean Hogs & Live Cattle :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday January 30th and shows a quick view of how large...
Speculator bets led by Nasdaq & DowJones :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday January 30th and shows a quick view of how large traders...
Speculator bets led by 5-Year Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday January 30th and shows a quick view of how large...
DowJones, Nasdaq, Soybeans & Corn lead Bullish & Bearish Positions :: InvestMacro
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on January 30th.This weekly Extreme Positions report highlights the Most Bullish and Most...
TradingView adds Institutional Stock Exchange (BIVA) to lineup of data sources
TradingView has added another valuable data source – Mexico’s Institutional Stock Exchange, to the platform. BIVA commenced operations in 2018, and from the beginning, set a goal of contributing to the growth of the stock exchange landscape. Through a commitment to...
the policy fixes that could help :: InvestMacro
By Jonathan Munemo, Salisbury University Highly indebted African countries are facing stark trade-offs between servicing expensive debt, supporting high and growing development needs, and stabilising domestic currencies.Government debt has risen in at least 40 African...
LME Clear announces management changes
LME Clear has announced the appointments of Chris Jones as Chief Operating Officer (COO), Matt Wade as Chief Risk Officer (CRO), and Paul Kirkwood as Head of Clearing Risk. The appointments are effective immediately, with the COO and CRO roles subject to regulatory...
Gold set for potentially volatile week :: InvestMacro
Big week ahead for gold due to risk-eventsWatch out for geopolitical developmentsReal shaker could be US CPI revisionsBulls back in action D1 chartBloomberg model: 74% chance XAUUSD trades within the $2019.23 – $2095.58Even as anticipation mounts ahead of the US jobs...
Cboe registers 12% Y/Y increase in global FX revenues in Q4 2023
Cboe Global Markets, Inc. today reported financial results for the fourth quarter of 2023 and full year. Global FX net revenue of $18.9 million increased 12% from the year-ago quarter, primarily due to higher net transaction and clearing fees. ADNV traded on the Cboe...
Institutional FX trading volumes rise 4% in January to start off 2024
Institutional FX trading got off to a good start in 2024, with January average daily trading volumes at leading eFX ECNs rising by more than 4% MoM over what was a fairly strong December. Three of the four ECNs surveyed by FNG – FXSpotStream, 360T, and EuronextFX –...
OANDA to further amend its patent infringement contentions in lawsuit against GAIN Capital
The patent infringement lawsuit brought by OANDA against GAIN Capital is far from over. Earlier this week, the brokers submitted a joint letter at the New Jersey District Court, providing an update on the latest developments in this lawsuit. The parties have recently...
France’s AMF reminds investment firms of rules for identifying retail investors when reporting transactions
France’s Financial Markets Authority (AMF) is running a campaign to verify the quality of data in the MiFIR transaction reporting fields relating to retail investors. Article 26 of the MiFIR regulation introduces the identification of the end client, whether a legal...
Swiss FINMA updates on licensing of portfolio managers
The Swiss Financial Market Supervisory Authority (FINMA) today published an update on the licensing of portfolio managers. FINMA notes that at 31 December 2023 it has approved 1,149 (70%) of the licence applications from portfolio managers and trustees received before...
Germany’s BaFin warns consumers about coinprimemarket.com
Germany’s Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website coinprimemarket.com. According to information available to BaFin, the operator is providing financial and investment services on this website without...
ASIC accepts court enforceable undertaking from BNPL provider Elepay
The Australian Securities and Investments Commission (ASIC) has accepted a court enforceable undertaking from buy now, pay later provider Elevare Pay Easy Pty Ltd, trading as Elepay. Elepay’s products are financial products under the Design and Distribution...
Interactive Brokers enhances Client Portal
As electronic trading major Interactive Brokers continues to expand its ongoing support for translation/localization, it announces that Client Portal now supports Portuguese. Also, several bugs were fixed. For instance, the problem when in CP wide layout, the full...
State Street closes acquisition of CF Global Trading
State Street Corporation (NYSE:STT) announced today that it has completed its acquisition of CF Global Trading, a global firm specializing in outsourced trading on an agency basis for a variety of asset classes including equities, listed derivatives and fixed income....
Italy’s CONSOB orders blocking of access to five new unauthorized investment websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to five new unauthorised investment websites. In issuing the orders the regulator made use of the powers deriving from the “Growth Decree” (law no. 58 of 28 June 2019, article 36,...
Digital asset prime broker FalconX to integrate with TP ICAP’s Fusion
Leading institutional digital asset prime broker FalconX (also the first CFTC registered swap dealer) has announced a strategic partnership with Fusion Digital Assets, TP ICAP’s FCA registered UK-based wholesale spot cryptoasset exchange. The integration with Fusion...
Robinhood to expand in Canada with new hires
US neobroker Robinhood (NASDAQ:HOOD) has announced plans to expand in Canada, initially with a hiring expansion for Robinhood Canada in Toronto. Most of the positions being currently advertised for Robinhood Canada are in Engineering and Security. It remains unclear...
Interactive Brokers registers 11% Y/Y increase in DARTs in January 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just posted its key operating metrics for January 2024. Interactive Brokers registered 2.201 million Daily Average Revenue Trades (DARTs), 11% higher than in January 2023 and 12% higher than in...
Worldpay commences operations as independent company
Worldpay, LLC, a provider of payments technology and solutions, announced today that it has closed upon its previously announced sale and will now operate as an independent company. The company will be overseen by leading private equity firm GTCR, with a 55% majority...
Stock indices were pressured by Powell’s comments. German inflation retreats :: InvestMacro
By JustMarketsAs of Wednesday’s stock market close, the Dow Jones Index (US30) decreased by 0.82%. The S&P 500 Index (US500) was down by 1.61% yesterday. The NASDAQ Technology Index (US100) closed negative by 2.33%. The S&P 500 (US500) and NASDAQ (US100)...
Nuvei teams up with Cash App Pay
Canadian fintech company Nuvei Corporation (TSX:NVEI) announces today that is has partnered with Cash App, a fast and simple payment method that enables customers to make online payments either by scanning a simple QR code or by tapping Cash App Pay during the...
UK100 & AUDUSD hit profit target :: InvestMacro
UK100 soars through profit levelsBonus: Keep on USDInd trading rangeCheck out these potential profits that you may have missed from our Daily Market Analysis.UK100 hits all take-profit levelsThe UK100 which tracks the benchmark FTSE100 index soared through the bullish...
CME Group to launch E-mini S&P 500 Equal Weight futures
International derivatives marketplace CME Group today announced it will launch E-mini S&P 500 Equal Weight futures on February 26, pending regulatory review. While the S&P 500 Index weights companies based on market capitalization, the S&P 500 Equal Weight...
Exclusive: PrimeXM Project Manager Paris Kyriakou leaves for SkillOnNet
FNG Exclusive… FNG has learned that Paris Kyriakou has left PrimeXM (and the CFDs trading world) to join gaming tech provider SkillOnNet, as Project Coordinator. Paris Kyriakou had been Project Manager at FX broker aggregation, connectivity, and hosting solutions...
Broadridge registers 9% Y/Y increase in revenues in Q2 FY24
Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the second quarter ended December 31, 2023 of its fiscal year 2024. Total revenues for the second quarter of fiscal year 2024 increased 9% to $1,405 million from $1,293 million a year...
Is This Rare Earth Stock Undervalued? :: InvestMacro
Source: Clive Maund (1/29/24) Technical Analyst Clive Maund takes a look at Defense Metals Corp.’s 5-year, 15-month, 4-month, and 2-month charts to explain why he believes it is an Immediate Speculative Buy.Given the excellent and improving fundamentals for Defense...
Exclusive: OANDA Head of Emerging Markets Sam Eder leaves to start Marketmates
FNG Exclusive… FNG has learned that longtime OANDA executive Sam Eder has left the company, to start a new trader focused website and business called Marketmates, at website marketmates.com. Sam Eder had been with OANDA based in Singapore for the past eight years,...
A digital media expert provides steps you can take and explains why you can’t go it alone :: InvestMacro
By Nathan Schneider, University of Colorado Boulder Perfect safety is no more possible online than it is when driving on a crowded road with strangers or walking alone through a city at night. Like roads and cities, the internet’s dangers arise from choices society...
eToro introduces Magnificent-7 Smart Portfolio
Online broker eToro continues to expand its offering by adding Magnificent-7 Smart Portfolio. With eToro’s Magnificent-7 Smart Portfolio, you can allocate with just one click. This portfolio is intelligently weighted based on market capitalization, offering you...
Equiti Group hires INFINOX alum Sophie Squillacioti as Director of Sales APAC
FNG has learned that experienced FX industry executive Sophie Squillacioti has joined leading MENA based Retail FX and CFDs broker Equiti Group, as Director of Sales APAC. Based in Dubai, Sophie joins Equiti Group after spending the past two years at INFINOX, as Head...
Exclusive: IG Group CEO APAC and Africa Kevin Algeo departs
FNG Exclusive… FNG has learned that longtime IG Group (LON:IGG) executive Kevin Algeo has left the company. Kevin Algeo had been with IG for more then 10 years, joining in 2013 as Managing Director – South Africa. In 2017 he moved to Melbourne to serve as Deputy CEO –...
Mastercard registers 13% Y/Y increase in revenue in Q4 2023
Mastercard Incorporated (NYSE:MA) today announced financial results for the fourth quarter and full year 2023. Net revenue for the fourth quarter of 2023 amounted to $6.5 billion, an increase of 13%, or 11% on a currency-neutral basis. The increase was attributable to...
LSEG announces launch of Matching & Market Tracker for FX interbank market in Pakistan
London Stock Exchange Group (LSEG) today announced the simultaneous adoption of two innovative solutions for the Foreign Exchange (FX) interbank market in Pakistan: Matching and Market Tracker. Tailored to the specific needs of the Pakistani market, these launches...
Exclusive: Scope Markets hires IG alum Robert J. Van Eyden as South Africa CEO
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Scope Markets has hired Robert J. Van Eyden as the new CEO for Scope Markets South Africa. The move comes after the company’s previous SA head, Linton White, moved to fill a similar role at ATFX. Robert J....
Exclusive: Markets.com hires Ali Makki as Head of MENA
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Markets.com has continued its recent hiring spree, adding well-known FX industry MENA region figure Ali Makki as Head of MENA. Based in Beirut, Ali Makki is the founder and CEO of AlphaA Traders, which...
Robbert Booij to become CEO of Eurex Frankfurt AG
Robbert Booij will join the Executive Board of Eurex Frankfurt AG as of 1 May 2024 and will succeed Michael Peters as Chief Executive Officer as of 1 July 2024. Mr Booij joins Eurex from ABN AMRO Clearing Bank N.V. where he has been CEO Europe since March 2018....
Bitcoin bulls back in town after weekly breakout :: InvestMacro
By ForexTime Bitcoin bullish on D1 timeframeW1 support could provide long opportunityPrices above 50 LWMA on H4 timeframe4 potential bullish targets if 43865.08 breachedBullish scenario invalidated below 41597.80Bitcoin kicked of the week charging through a...
Exclusive: CFDs broker TeraFX rebrands as Gildencrest Capital
FNG Exclusive… FNG has learned that London based, FCA licensed Retail FX and CFDs broker TeraFX is rebranding to Gildencrest Capital. The formal rebranding takes effect as of tomorrow, February 1, 2024. The name of the FCA licensed company operating the brand is also...
The IMF has raised its global economic growth forecast. Australia has seen a decline in inflationary pressures :: InvestMacro
By JustMarketsThe Dow Jones Index (US30) was up by 0.36% as of Tuesday’s stock market close. The S&P 500 Index (US500) decreased by 0.06% yesterday. The NASDAQ Technology Index (US100) closed negative by 0.76%.The US economic reports released on Tuesday showed a...
Sucden Group selects ICE to support OTC derivatives pricing, trading and risk management
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that Sucden Group, a leading soft commodities trading firm, has selected ICE’s Portfolio Analytics platform to support pricing, trading and risk management of derivatives products. As Sucden continues to...
Lithium Tech Stock on the Verge of an Imminent Break Out :: InvestMacro
Source: Clive Maund (1/26/24)Technical Analyst Clive Maund takes a look at Lithos Energy Ltd.’s 1-year and 6-month charts to explain why he believes it is a Strong Buy. Lithos Group Ltd. (LITS:CBOE.CA;LITSF:OTCQB) looks set to commence a major bull market as it is on...
Nasdaq reports 23% Y/Y increase in Q4 2023 revenues
Nasdaq, Inc. (NASDAQ:NDAQ) today reported financial results for the fourth quarter and year 2023. Fourth quarter 2023 net revenues were $1,117 million, an increase of $211 million, or 23%, from $906 million in the prior year period. Net revenues reflected a $59...
Former Chancellor of the Exchequer George Osborne joins Coinbase Global Advisory Council
San Francisco based crypto exchange operator Coinbase (NASDAQ:COIN) has announced that George Osborne, former Chancellor of the Exchequer of the United Kingdom, is joining the Coinbase Global Advisory Council. George Osborne joins the council as Coinbase’s...
eToro to disable certain assets for copying
Online broker eToro has announced changes to asset availability, with the move to affect the copying service. Starting today, certain assets will be disabled for copying on eToro. Tomorrow (February 1, 2024), they will be limited to ‘close only’ as the broker reviews...
Match-Trader platform January updates feature advanced analytical dashboard for brokers
Cyprus based trading platform and tech solutions provider Match-Trade Technologies has unveiled a number of significant enhancements for Forex Brokers made during the month of January 2024 to its Match-Trader multi-asset trading platform. Central to the January...
Swissquote adds new features to Yuh TWINT app
Swissquote continues to expand the capabilities of the Yuh TWINT mobile application, with the latest release adding new features. The latest update is equipped with two new features: Widgets: Deck out your iPhone’s home or lock screen with Swissquote’s brand new TWINT...
Nomura approves JPY100bn share buyback program
Nomura Holdings, Inc. today announced that its Board of Directors approved a resolution to set up a share buyback program, pursuant to the company’s articles of incorporation set out in accordance with Article 459-1 of the Companies Act of Japan. The share buyback...
PostFinance names Beat Röthlisberger its new CEO
The PostFinance Board of Directors has appointed Beat Röthlisberger as the new Chief Executive Officer of PostFinance. The business administration graduate has a wealth of management experience. His career in the financial sector began at Swiss Bank Corporation (SBC)...
CFTC secures entry of default against owner of Young Emerging Strategies
The Honorable Edmond E. Chang of the Illinois Northern District Court has granted a request by the Commodity Futures Trading Commission (CFTC) for an entry of default against Coby Young, the owner of Young Emerging Strategies LLC. The request was granted in light of...
NY Attorney General sues Citibank for failing to protect fraud victims
New York Attorney General Letitia James today sued Citibank, N.A. (Citi) for failing to protect and refusing to reimburse victims of fraud. The lawsuit alleges that Citi does not implement strong online protections to stop unauthorized account takeovers, misleads...
Exclusive: Tickmill alum Simon Andras becomes CEO of new offshore CFDs broker ConnextFX
FNG Exclusive… FNG has learned that a new offshore Retail FX and CFDs broker is getting set to launch operations, under the name ConnextFX (at website connextfx.com). ConnextFX is headed by CEO Simon Andras (pictured above). A native of Hungary, Simon has spent the...
XTB sees 79% increase in Q4 Revenues to close out strong 2023
Poland based Retail FX and CFDs brokerage group XTB SA (WSE:XTB) closed out a record year for both Revenues and Profits in 2023, reporting very strong results for the fourth quarter of the year. In Q4, XTB saw a 79% QoQ increase in Revenues, to $123 million, and a...
Nuvei launches ERP integration with Microsoft Dynamics 365
Canadian fintech company Nuvei Corporation (TSX:NVEI) announces today that is has launched its first integration into Microsoft Dynamics 365 Business Central, an Enterprise Resource Planning (ERP) solution for small and medium-sized organizations. Businesses across...
NAS100 poised for new all-time high? :: InvestMacro
NAS100 waits for big tech earningsMicrosoft & Alphabet in focusIndex bullish but RSI overbought Key levels of interest at 17306.2 & 17650.4The NAS100 is set to make significant moves over the next few days as 5 of the so-called “Magnificent 7” tech titans...
Quantitative Brokers appoints David Kalita as CEO
Quantitative Brokers (QB), a provider of advanced execution algorithms and data-driven analytics for global Futures, Options, and OTC Fixed Income markets, today announced that David Kalita has been named Chief Executive Officer. David Kalita The appointment is...
Why AI can’t replace air traffic controllers :: InvestMacro
By Amy Pritchett, Penn State After hours of routine operations, an air traffic controller gets a radio call from a small aircraft whose cockpit indicators can’t confirm that the plane’s landing gear is extended for landing. The controller arranges for the pilot to fly...
CME suspends trader for violating prohibition on prearranged, pre-negotiated and moncompetitive trades
International derivatives marketplace CME Group has imposed a one-year suspension on Charlie Cai for violations of COMEX rules. On September 9, 2020, Cai noncompetitively executed multiple transactions in the AUG21-OCT21 Gold futures spread market. Specifically, Cai...
Afterprime joins TradingView list of integrated brokers
In a continuous effort to broaden options for its users, TradingView announces the newly added trading integration with Afterprime, a Forex and CFDs brokerage. Afterprime is a fast-growing brokerage that facilitates efficient and cost-effective access to global...
IC Markets launches zero brokerage fees IC Shares
As the Australian share market continues to soar, IC Markets, a leader in online trading and investing, has announced a special, limited-time promotion: zero brokerage fees on ASX and CBOE (Chi -X) listed company investments. This offer is part of the launch of IC...
New Zealand FMA warns of FCA impersonation scam
New Zealand financial regulator Financial Markets Authority (FMA) has issued a warning regarding a recovery scam using the name of its counterpart in the UK. The FMA said that its aware that a New Zealand resident has been contacted by individuals claiming to...
FCA warns of flying and printing in several markets, including commodities and currencies
The UK Financial Conduct Authority (FCA) continues to see instances of possible flying and printing in several markets, including fixed income, commodities, and currencies in instruments such as bonds, swaps and options. This has included entering prices in dark...
Tradefeedr launches FX analytics buy-side client advisory board
London based FX trading analytics company Tradefeedr has announced its new Buy-Side Client Advisory Board. The Board has been formed to capture essential client insights and guide the trajectory of future product evolution. Comprised of distinguished leaders from...
Cboe Options to list MSCI ACWI, MSCI USA, and MSCI World Index options
Effective for trade date March 18, 2024, and subject to regulatory review, Cboe Options Exchange (C1) will begin listing MSCI ACWI, MSCI USA, and MSCI World Index options having a standard contract deliverable multiplier of 100. Options on the MSCI USA and MSCI World...
Monex’s Coincheck to transfer its “Sharely” business to Excite Holdings
Coincheck, Inc., a subsidiary of Monex Group, Inc., announced today that it will transfer its virtual shareholder meeting support service “Sharely” to Excite Holdings Co., Ltd. through a corporate separation (incorporation-type company split). Coincheck will transfer...
Fintel completes acquisition of Synaptic Software
Fintel (LON:FNTL), a provider of fintech and support services to the UK retail financial services sector, has closed the acquisition of Synaptic Software, an independent provider of financial adviser planning and research software. As announced on 5 December 2023,...
Broadridge’s LTX announces four new patents
LTX, a subsidiary of Broadridge Financial Solutions, Inc. (NYSE:BR), today announced that it has been awarded four new patents on its fixed income trading innovations of bond similarity technology, dealer selection score technology, liquidity aggregation technology,...
ICE registers record futures and options OI with record trading activity in commodities markets
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that its global futures and options markets reached record open interest of 87.2 million contracts on January 25, 2024, with ICE’s commodities futures and options markets hitting record open interest of 61.5...
USD in Limbo as Market Anticipates Fed’s Decision :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD currency pair is experiencing minimal fluctuations as it consolidates around 1.0840 this Monday. The focus of market players is squarely on the upcoming meeting of the US Federal Reserve System, which is poised to be the...
Muinmos names Jesus Sanchez as Chief Product Officer
Denmark based onboarding solutions specialist Muinmos has announced that the company has promoted Jesus Sanchez to the position of Chief Product Officer. The company said that the promotion reflects Muinmos’ dynamic response to the ever-changing regulatory...
SOFR-3M, Gasoline & Nasdaq lead Bullish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on January 23rd.This weekly Extreme Positions report highlights the Most Bullish and Most...
Saxo Bank to roll out SaxoPartnerConnect to all partners
As of this year, SaxoPartnerConnect (SPC) will be rolled out to all partners of multi-asset investment specialist Saxo Bank, and Webconnect will be retired. To help you with this transition, Saxo invites you to familiarise yourself with the platform by logging into...
Houthi attacks continue in the Red Sea. Inflationary pressures are easing in the US :: InvestMacro
By JustMarketsAt Friday’s close, the Dow Jones Index (US30) was up by 0.16% (+0.50% for the week) and had risen to a new record high. The S&P 500 Index (US500) decreased by 0.07% on Friday (-0.07% for the week). The NASDAQ Technology Index (US100) closed Friday...
Mesh secures investment from PayPal Ventures
Modern embedded finance solution Mesh today announced an investment from PayPal Ventures. PayPal Ventures’ investment was made almost entirely in PayPal USD (PYUSD), an Ethereum-based stablecoin that is 100% backed by U.S. dollars, short-term U.S. treasuries and...
GBPUSD on cusp of major breakout? :: InvestMacro
High-risk events could move GBPUSDFed/BoE combo + NFP in focusGBPUSD bound within symmetrical triangleKey levels of interest at 1.2800 & 1.2600After swinging within a 200-pip range since mid-December, the GBPUSD could be on the verge of a big move.This may be...
LiquidityBook appoints Jason Morris as President
LiquidityBook, a provider of cloud-native buy- and sell-side trading solutions, today announced the appointment of Jason Morris as its new President. Jason Morris Mr Morris previously spent nearly eight years at Enfusion, where he served as the Global Head of...
CME Group registers Mexican peso and Brazilian real FX futures volume record in 2023
International derivatives marketplace CME Group today announced its Mexican peso and Brazilian real FX futures contracts reached all-time average daily volume (ADV) and open interest (OI) records in 2023. The increased trading is resulting in deeper liquidity and...
Exness rebranding as it marks 15 years of unprecedented growth
Exness, the world’s largest retail market-maker, has unveiled a significant rebranding initiative, reflecting and reinforcing its position as the market leader. Through a revamped visual identity, Exness turns the spotlight on the very values that helped it reach the...
eToro expands crypto offering by adding RNDR, OP, LDO
Online broker eToro is expanding its crypto-asset offering via the addition of Render Token, Optimism and Lido Dao. $RNDR is a decentralized network created by OTOY in 2017, that enables users to rent their unused GPU power to artists and studios for high-quality...
Cboe Equities to support testing for move to T+1 clearing and settlement in US and Canada
Effective May 28, 2024, in the U.S., in accordance with SEC rule change, the standard settlement cycle for most broker-dealer transactions in securities will be shortened from two business days after the trade date (T+2) to one (T+1). Similarly, in Canada, certain...
What the Google and Yahoo email updates mean to FX Brokers
FNG Exclusive Guest Post… The following guest post is courtesy of Vince De Castro, founder and principal at De Castro Media in Cyprus. De Castro Media is a marketing agency that focuses on driving sales through innovative marketing strategies. Introduction Vince De...
Alpha Group International allocates up to £20M for share buyback program
Alpha Group International plc, a provider of financial solutions to corporates and institutions, announces that it intends to commence a share buyback programme to purchase ordinary shares of 0.2p each. The company has allocated up to £20 million from its cash...
Breon Corcoran assumes role of IG Group CEO
Electronic trading major IG Group Holdings plc (LON:IGG) today confirmed the appointment of Breon Corcoran as its CEO. The company first announced the appointment in December 2023. Today, IG said it the Financial Conduct Authority (FCA) had approved the appointment....
FX week in review: Executive moves (TradingView, INFINOX, BDSwiss, Markets.com, Forex.com…), prop trading, IG results, PSG sponsor
Senior level executive moves continued to dominate FX and CFD industry news headlines this past week, with a variety of brokers and B2B suppliers to the sector positioning to execute on business plans in 2024. Who is TradingView’s new CEO? Which former LCG CEO has...
Combining two types of molecular boron nitride could create a hybrid material used in faster, more powerful electronics :: InvestMacro
By Pulickel Ajayan, Rice University and Abhijit Biswas, Rice University In chemistry, structure is everything. Compounds with the same chemical formula can have different properties depending on the arrangement of the molecules they’re made of. And compounds with a...
Exclusive: XTX Markets names Gabriele Papievyte to head Ventures unit
FNG Exclusive… FNG has learned that London based XTX Markets, one of the world’s leading market makers and algo trading firms, has tapped Gabriele Papievyte to head its internal venture capital arm called, appropriately, XTX Ventures. Gabriele Papievyte joined XTX...
USDInd braced for heavy hitters :: InvestMacro
High impact events could rock marketsCentral bank decisions, earnings & data in focus4 key factors could move USDIndUSDInd waiting for potent catalystKeep eye on 50, 100 and 200-day SMAA flurry of high impact events could rattle financial markets in the week...
The ECB left rates unchanged and is planning its first cut for the summer. Inflation in Japan continues to slow down :: InvestMacro
By JustMarketsAt Thursday’s stock market close, the Dow Jones Index (US30) was up by 0.64%, while the S&P 500 Index (US500) added 0.53% yesterday. The NASDAQ Technology Index (US100) closed positive by 0.18%. Stock indices are moderately rising as signs of...
FCA outlines key elements of new short selling regime
Following the Treasury’s Short Selling Regulation Review: Call for Evidence and its Response the UK Government has published a draft statutory instrument (SI) alongside an explanatory policy note. This draft SI and the policy note set out how the Government currently...
CFI sponsors Paris Saint-Germain as Official Online Trading Partner
Leading MENA online trading provider CFI Financial Group has announced a strategic partnership with the world-renowned football club Paris Saint-Germain (PSG), to run until June 2026. This alliance marks a significant milestone in CFI’s strategic expansion,...
FINRA receives reports from member firms about LockBit-related cyber incidents
The Financial Industry Regulatory Authority (FINRA) has issued a cybersecurity alert regarding LockBit. LockBit, one of the most deployed ransomware variants in recent years, continues to impact organizations across the globe, including FINRA member firms. Since...
eToro to stop support of long non-leveraged CFD crypto positions in Australia
From February 19, 2024, online broker eToro will no longer support long non-leveraged CFD crypto positions in Australia. From that date, any remaining open long non-leveraged CFD cryptoasset positions will be closed at market value. In case you want to close your...
HK SFC warns of crypto-related products “Floki Staking Program” and “TokenFi Staking Program”
Hong Kong’s Securities and Futures Commission (SFC) today warned the public of suspicious investment products named “Floki Staking Program” and “TokenFi Staking Program”, both of which involve cryptocurrency staking services and claim to offer high annualised return...
Mark Scott gets 10-year prison sentence for laundering OneCoin fraud proceeds
Mark Scott was sentenced to 10 years in prison by U.S. District Judge Edgardo Ramos for laundering approximately $400 million of proceeds from the massive international fraud scheme known as “OneCoin.” The sentencing followed Scott’s conviction on all counts at trial...
Integral Development gets $30M investment from Vistara
Institutional FX tech provider Integral Development Corp has raised $30 million in growth financing from Vistara Growth, a provider of flexible growth capital to software and technology-enabled services companies. Neil Kenley, Principal at Vistara Growth said: “We are...
Exclusive: 26 Degrees / BDSwiss alum Georgio Nikolaou named VP Sales and Partnerships at Klarpay
FNG Exclusive… FNG has learned that Georgio Nikolaou has been named Vice President of Sales and Partnerships at payment solutions provider Klarpay AG. Based in Limassol and covering the FX and CFDs brokerage universe, Georgio Nikolaou joined Klarpay last year as...
eToro reminds French clients it will end support of long non-leveraged CFD crypto positions
From February 21, 2024, online broker eToro will no longer support long non-leveraged CFD crypto positions in France. From that date, any remaining open long non-leveraged CFD cryptoasset positions will be closed at market value. In case you want to close your...
Exclusive: Oleg Mukhanov named CEO of TradingView as Denis Globa departs
FNG Exclusive… FNG has learned that there has been a change made at the top of London based TradingView, which provides charting software and solutions to (among others) many Retail FX and CFD brokers, as well as to independent platform providers. Effective...
SPX500_m, EURUSD & XAGUSD hit target prices :: InvestMacro
By ForexTime Check out these potential profits that you may have missed from our Daily Market Analysis.SPX500_m bulls deliverBack on Monday, we covered the SPX500_m in our trade of the week. Prices were firmly bullish, especially after surging to record highs last...
Saxo Bank names John Carmichael its Chief Risk and Compliance Officer
Today, multi asset investment specialist Saxo Bank announced the appointment of John Carmichael as Chief Risk and Compliance Officer and member of the Board of Management and Executive Team. This key appointment aligns with Saxo Bank’s ongoing commitment to further...
Corporative reporting supports US stock indices. The People Bank of China (PBoC) intends to stimulate the economy :: InvestMacro
By JustMarketsAs of Wednesday’s stock market close, the Dow Jones Index (US30) decreased by 0.26%, while the S&P 500 Index (US500) added 0.08%. The NASDAQ Technology Index (US100) closed positive by 0.36%. Optimism about the US economic outlook and strong...
Finery Markets partners with Hidden Road on Crypto OTC Liquidity Pool
Limassol, Cyprus based institutional crypto solutions provider Finery Markets has announced an expansion of its partnership with prime broker Hidden Road through Finery’s flagship solution, FM Liquidity Match. Institutional participants have begun trading via FM...
Equinix announces fully managed service for NVIDIA DGX AI supercomputing
Digital infrastructure company Equinix, Inc. (NASDAQ:EQIX) has announced a fully managed private cloud service that enables enterprises to easily acquire and manage their own NVIDIA DGX AI supercomputing infrastructure for building and running custom generative AI...
HK regulator warns public against impersonators of SFC CEO
Hong Kong’s Securities and Futures Commission (SFC) today urges the public to beware of instant text messages impersonating the SFC’s Chief Executive Officer. The SFC received a report from a member of the public who received text messages on WhatsApp purportedly from...
Virtu registers 7.7% Y/Y rise in revenues in Q4 2023
Virtu Financial, Inc. (NASDAQ:VIRT), a provider of financial services and products, today reported results for the fourth quarter ended December 31, 2023. Total revenues increased 7.7% to $536.0 million for the final quarter of 2023, compared to $497.8 million for the...
Italy’s CONSOB orders blocking of access to four unauthorised investment websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to four new unauthorised investment websites. The latest set of orders target: “Eurotrade Forex” (website https://eurotradeforex.net and related page...
Former CEO of New Talisman Gold Mines admits breaching NZ Financial Markets legislation
New Zealand’s Financial Markets Authority (FMA) confirmed today Matthew Geoffrey Hill, the former Chief Executive Officer of NZX-listed New Talisman Gold Mines Limited, has admitted making false and misleading representations in breach of the Financial Markets Conduct...
UP Fintech Holding Limited announces Type 1 license upgrade in Hong Kong
Online brokerage UP Fintech Holding Limited (NASDAQ:TIGR) today announced that its Hong Kong subsidiary has officially upgraded its Type 1 license to include virtual asset dealing service. This successful upgrade opens the door for providing cryptocurrency trading...
IG Group registers drop in revenues in H1 FY24 amid softer market conditions
Electronic trading major IG Group Holdings plc (LON:IGG) today announced its results for the six months ended 30 November 2023 (“H1 FY24”). Total revenue was £472.6 million in H1 FY24, down 9% on H1 FY23. OTC derivatives total revenue was £352.6 million, down 17%...
Aquis Exchange expects to report performance for FY23 in line with Board expectations
Aquis Exchange PLC (LON:AQX) today provided an unaudited trading update for the year ended 31 December 2023 (“FY23”). Aquis confirms that it expects to report performance for FY23 in line with Board expectations. Net revenue is up 12% to £22.6 million (FY22 £20.1m)....
Tottenham Hotspur owner Joseph Lewis pleads guilty to Insider Trading
Damian Williams, the United States Attorney for the Southern District of New York, has announced the guilty plea of Joseph Lewis to charges of committing securities fraud and conspiring to commit securities fraud through insider trading. Joseph Lewis was arrested in...
Mastercard, The Clearing House extend partnership on real-time payments
Mastercard and The Clearing House (TCH) have announced an extended multi-year partnership, bringing the companies together to collaborate on innovative capabilities for consumers, businesses and governments to evolve and embrace the digital economy through real-time...
SEC adopts rules to enhance investor protections relating to SPACs
The Securities and Exchange Commission (SEC) today adopted new rules and amendments to enhance disclosures and provide additional investor protection in initial public offerings (IPOs) by special purpose acquisition companies (SPACs) and in subsequent business...
Gold seeks fresh momentum :: InvestMacro
By ForexTime Gold trading between key weekly levelsIncoming US data could move precious metalH4 charts show possible bullish presenceFour potential targets identifiedH4 bullish scenario invalidated below 2001.68Gold struggled for direction on Wednesday as markets...
Binance advises clients to convert RUB to other currencies before end-Jan 2024
Following Binance’s decision to exit Russia through a sale to CommEX, Binance will discontinue all Russian Ruble (RUB) services. Clients are encouraged to trade their RUB assets into other available assets on Binance, convert RUB into crypto on Binance Convert, or...
Inflationary pressures are easing in New Zealand. Today, the focus of investors is directed to the BoC meeting :: InvestMacro
By JustMarketsAt Tuesday’s stock market close, the Dow Jones Index (US30) was down by 0.25%, while the S&P 500 Index (US500) added 0.29% yesterday. The NASDAQ Technology Index (US100) closed positive by 0.43%.Economic news from the US on Tuesday was weaker than...
Court permits Robinhood to depose seven brokers in short squeeze lawsuit
The Florida Southern District Court has allowed Robinhood to take additional depositions in a lawsuit concerning the January 2021 short squeeze. The relevant order was issued on January 23, 2024. In this lawsuit, a group of traders allege that Robinhood manipulated...
Swiss FINMA appoints Stefan Walter as its new CEO
The Board of Directors of the Swiss Financial Market Supervisory Authority (FINMA) has appointed Stefan Walter as the authority’s new CEO. The Federal Council ratified this appointment today. Stefan Walter Stefan Walter will take up his new role on 1 April 2024....
INFINOX hires former LCG CEO Jana Zdravecka as Managing Director
INFINOX, a leading global provider of online trading services, has announced the appointment of Jana Zdravecka as Managing Director. Jana Zdravecka will be based in the company’s London office and play a key role in structuring the brand as it enters a new phase of...
CLS welcomes DIC Corporation to CLSSettlement
DIC Corporation has become the third Japanese manufacturing company to indirectly access CLSSettlement as a third-party participant. The company will access CLSSettlement via its third-party service provider, MUFG Bank. By using CLSSettlement in conjunction with an FX...
New release of Saxo OpenAPI enhances Account History and Portfolio service groups
Multi-asset investment specialist Saxo Bank has released an updated version of its OpenAPI. Several service groups have been enhanced, including Account History and Portfolio. In the Account History group, a new timeseries for ‘CashBalance’ and ‘TotalAccruals’ has...
Travelex relaunches online FX services for Commonwealth Bank of Australia
Leading travel money brand Travelex has announced that it has relaunched online foreign exchange (FX) cash services for Commonwealth Bank of Australia (CBA), the country’s largest bank. The relaunch means that CBA’s more than 11 million retail customers will now be...
Vantage revamps Index CFDs product offering
Leading multi-asset broker Vantage has announced that it has revamped its CFD products on indices to enhance cost-effectiveness for CFD traders. As part of its revamp, Vantage will be introducing a broader range of indices to its product lineup, starting with the...
UBS names Aleksandar Ivanovic President Asset Management
Following Suni Harford’s decision to retire from UBS (SWX:UBSN), Aleksandar Ivanovic will join UBS’s Group Executive Board as President Asset Management and Beatriz Martin Jimenez will become the GEB Lead for Sustainability and Impact in addition to her existing...
Equals Group continues strategic discussions with Madison Dearborn Partners
Nearly three months after Equals Group plc (LON:EQLS) announced that it is conducting a review of its strategic options, the company has provided an update on the matter. As part of the strategic review, Equals has contacted a limited number of potential...
Nuvei announces new global partnership with Adobe
Canadian fintech company Nuvei Corporation (TSX:NVEI) announced today that it is partnering with Adobe to provide customers access to their payments technology through their existing integration with Adobe Commerce, which is part of Adobe Experience Cloud, and enables...
dxFeed launches market data IaaS project for Tradu
dxFeed, a provider of data solutions and index management for the financial industry, has announced the launch of an Infrastructure as a Service (IaaS) project for Tradu, an advanced multi-asset trading platform catering to active traders and investors. In this...
GMO-Z.com Trust Company launches stablecoins GYEN and ZUSD on Solana network
GMO-Z.com Trust Company, Inc. today launched GYEN, a Japanese yen (JPY) stablecoin, and ZUSD, a U.S. dollar (USD) stablecoin, on the Solana network. This integration on the Solana network enables individuals and institutions to conduct seamless and secure transactions...
FINRA finds rule violations in 70% of crypto asset communications
The Financial Industry Regulatory Authority (FINRA) has identified potential violations of FINRA Rule 2210 (Communications with the Public) in 70% of crypto asset communications it reviewed, according to a report published today on the results of a targeted exam. In...
Markets.com names Elena Christodoulou as Head of Europe
Markets.com, the retail brokerage arm of Finalto, has continued to remake its senior management team, promoting Elena Christodoulou to the position of Head of Europe at the company. Elena Christodoulou joined Markets.com in 2021, as was exclusively reported at the...
Exclusive: Ex SquaredFinancial back office head Evi Teliopoulou joins BDSwiss
FNG Exclusive… FNG has learned that experienced FX industry executive Evi Teliopoulou has joined Cyprus based Retail FX and CFDs broker BDSwiss, following a three year hiatus away from “the industry”. At BDSwiss she will serve as the company’s new Head of Funding. Evi...
The US stock indices have once again hit all-time highs. Tensions are growing in the Middle East :: InvestMacro
By JustMarketsAt Monday’s stock market close, the Dow Jones Index (US30) increased by 0.36%, while the S&P 500 Index (US500) gained 0.22% yesterday. The NASDAQ Technology Index (US100) closed positive by 0.32%. All three indices once again set new record highs....
eToro introduces The-Chameleon Smart Portfolio, in collaboration with Gioben Capital
Online broker eToro is introducing The-Chameleon Smart Portfolio, in collaboration with Gioben Capital. Gioben Capital is a Chile-based Investment Advisor known for cutting-edge quantitative models, expert advisory services, and comprehensive wealth management. It...
EURUSD waits on ECB meeting :: InvestMacro
EURUSD in bearish flag pattern Prices wedged between 21 & 50 EMA Significant move could be on horizon Selloff expected if bearish flag breaksThe past few days have been a choppy affair for the EURUSD.Prices remain trapped within a range on the daily charts as...
Corpay introduces end-to-end spend management solution, Corpay Complete
Corpay today announced the launch of Corpay Complete, a next-generation spend management platform for corporate payments and spending. The payment solution is now available to new customers in the United States and Canada and to eligible existing customers. Corpay...
Doo Group expands MENA with new Dubai offices
Retail FX and CFDs broker Doo Group has announced the opening of two new offices in Dubai, which the company said will strengthen its position in the Middle East and North Africa regions, and also enhancing its ability to serve clients globally. The first Doo Group...
ATFX changes name of acquired Rakuten Securities Australia
Leading online trading broker ATFX has announced the completion of the Change-of-Name for Rakuten Securities Australia Pty Ltd. From now on, the entity will be known as AT Global Markets (Australia) Pty Ltd, with the brand name “ATFX” to continue serving retail...
Saxo Bank enables new Extended AssetTypes for all OpenAPI applications
Multi-asset investment specialist Saxo Bank has now moved all apps over to use its new Extended AssetTypes. You have been impacted if any of the following is true: you know that you trade instruments of type ETF, ETN, ETC, Funds or Rights, but they have the AssetType...
Exclusive: Stocktwits names India head Shiv Sharma as President
FNG Exclusive… FNG has learned that trader-focused social networking site Stocktwits has promoted its India head Shiv Sharma to the position of President and General Manager of the company. Shiv Sharma has been based in Singapore for Stocktwits for the past four...
ASIC cancels AFS licence of Indie Advice
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services (AFS) licence of Sydney-based financial services provider Indie Advice Pty Ltd. The licence cancellation took effect on 19 January 2024. The licence was...
BGC Group’s FMX Futures Exchange gets CFTC approval to operate exchange for US Treasury and SOFR futures
Global brokerage and financial technology company BGC Group, Inc. (NASDAQ:BGC) has announced that its FMX Futures Exchange received Commodity Futures Trading Commission (CFTC) approval to operate an exchange for U.S. Treasury and SOFR futures. Howard W. Lutnick,...
Cornerstone FS signs agreement with Mastercard to launch corporate card scheme
Cornerstone FS plc (LON:CSFS), a foreign exchange and payments solutions company, has signed an agreement with Mastercard to launch a corporate card scheme. Under the agreement, Cornerstone will be able to issue commercial cards co-branded and supported by Mastercard...
Visa Canada, Plug and Play announce collaboration
Visa Canada has announced a new alliance with Plug and Play, one of the world’s largest accelerators and venture capital firms. As a founding sponsor, Visa will support Plug and Play’s entrance into the Canadian fintech market and together, establish a platform to...
FCA launches criminal proceedings against Guy Flintham for fraudulent investment scheme
The UK Financial Conduct Authority (FCA) has launched criminal proceedings against Guy Flintham for committing fraud by false representation and for carrying out regulated activity without authorisation. The FCA alleges that between January 2016 and November 2021, Mr...
Exclusive: William Klippel rejoins Forex.com to head Partnerships and Alliances
FNG Exclusive… FNG has learned that experienced FX industry executive William Klippel has joined StoneX Group Inc (NASDAQ:SNEX), as Head of Strategic Partnerships & Alliances – Self-Directed, Americas for the company’s StoneX Retail unit. The move marks a reunion...
US stock indices hit all-time highs. PBoC left key lending rates unchanged :: InvestMacro
By JustMarketsAt Friday’s close, the Dow Jones Index (US30) was up by 1.05% (+0.12% for the week), while the S&P 500 Index (US500) added 1.23% (+1.01% for the week) on Friday. The NASDAQ Technology Index (US100) closed positive by 1.70% on Friday (up +2.07% for...
24 Exchange sets record daily FX NDF trade volume of $4 Billion
Bermuda domiciled OTC product trading platform 24 Exchange has announced that it set consecutive daily records for FX NDF trading volume, processing more than $4 billion in FX NDF trades for its global institutional customers on two consecutive days last week. This...
Brent Crude Oil Prices Inch Upwards Amid Demand Speculations :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil prices are witnessing a moderate rise as the week begins, with the cost per barrel currently near $78.40. This upward trend is primarily influenced by the evolving outlook on energy demand. Recent macroeconomic data...
LCH RepoClear SA launches new €GCPlus General Collateral clearing offering
LCH RepoClear SA, an LSEG business, today announces that it has launched its first general collateral triparty green basket. The new basket expands on RepoClear SA’s existing triparty basket repo offering, following the merger of its two clearing services in July 2023...
SPX500_m bulls charge to record highs :: InvestMacro
S&P500 hits all-time highUS earnings + key data in focusPrices bullish for RSI overboughtKey level of interest at 4798Can bulls maintain hunger for gains?US equity bulls were back in action last Friday as optimism over expected Fed rate cuts and surging tech...
Tradeweb closes acquisition of technology provider r8fin
Tradeweb Markets Inc. (NASDAQ:TW), a global operator of electronic marketplaces for rates, credit, equities and money markets today announced it has completed its acquisition of r8fin, a technology provider that specializes in algorithmic-based execution for U.S....
FP Markets integrates TradingView charting solutions
To meet the ever-evolving demands of traders and investors, leading Forex and CFDs broker FP Markets has announced a new partnership with TradingView. Clients with an active Trading Account at FP Markets can now leverage TradingView’s cutting-edge charting solutions....
FINRA suspends Spartan Capital Securities rep for recommending excessive trades
The Financial Industry Regulatory Authority (FINRA) has suspended Tory A. Duggins for 18 months due to recommendations of excessive trades. Duggins first registered with FINRA as a General Securities Representative (GS) in September 2004. Between September 2004 and...
OANDA launches Labs Trader program
OANDA Global Corporation has announced the launch of OANDA Labs Trader, a trading program centred around profit sharing. OANDA Labs Trader is available to residents of countries serviced by OANDA’s Global Markets division, a firm authorised and regulated by the...
Pepperstone announces regional partnership of AFC Asian Cup Qatar 2023
Forex and CFD broker Pepperstone has announced a partnership with the Asian Football Confederation (AFC) as an Official Regional Partner of the AFC Asian Cup Qatar 2023, which kicked off on 12 January with the eagerly anticipated final scheduled for 10 February 2024....
Terraform Labs files for Chapter 11 bankruptcy in Delaware
Singapore-based Terraform Labs Pte. Ltd. has filed a voluntary bankruptcy petition in Delaware. The Board of the company has determined, after consultation with the management and the legal and financial advisors of the company, that it is desirable and in the best...
ASIC issues four infringement notices as to Penta Capital
Queensland company Penta Capital Pty Ltd has agreed to pay $53,280 to comply with four infringement notices issued by the Australian Securities and Investments Commission (ASIC). ASIC alleges Penta Capital made a series of false and misleading statements on its...
Currency Speculators drop their US Dollar Index bets to 133-week low :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday January 16th and shows a quick view of how large market...
Currency Speculators drop their US Dollar Index bets to 133-week low :: InvestMacro
COT | Data | Leaders | What is COT? | Excel | COT DashboardHere are the latest links to our coverage of the Commitment of Traders data changes. Data updated through January 16th.The COT currency market speculator bets were lower this week as three out of the eleven...
FX week in review: ThinkMarkets court order, AC Milan sponsor, NAGA share price drop, CEO changes
Before we get to this past week’s top stories – all of which appeared first or exclusively at FNG – we’d like to thank our readers for helping us reach the milestone of 10,000 LinkedIn followers, which we hit this month (and we’re already powering well on the way to...
Speculator Changes led lower by S&P500 & Russell :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday January 16th and shows a quick view of how large traders...
Speculator Bets led higher by Fed Funds & SOFR 3-Months :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday January 16th and shows a quick view of how large...
SOFR-3M, Nasdaq, Corn & Soybeans lead Bullish & Bearish Positions :: InvestMacro
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on January 16th.This weekly Extreme Positions report highlights the Most Bullish and Most...
Speculator Bets fall this week led by Copper & Platinum :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday January 16th and shows a quick view of how large traders...
Speculator Bets led lower by Soybeans & Corn :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday January 16th and shows a quick view of how large...
USDJPY set to extend uptrend? :: InvestMacro
Yen down against G10 majors YTDWatch out for BoJ policy meetingBig US data likely to rock USDUSDJPY bullish but RSI signals overboughtKey level of interest at 148.50Monetary policy will take centre stage in the week ahead as major central banks kick off their first...
Kelly Brown named Senior VP Derivatives Products and Business Development for MIAX Futures
Miami International Holdings, Inc. today announced that Kelly Brown has joined the company as Senior Vice President Derivatives Products and Business Development for MIAX Futures. In this newly created position, Mr. Brown will be responsible for developing and...
Houthi rebels continue to cause problems in the Red Sea. The Bank of Malaysia intends to hold the current rate until the end of 2024 :: InvestMacro
By JustMarketsAs of Thursday’s stock market close, the Dow Jones Index (US30) was up by 0.54%, while the S&P 500 Index (US500) added 0.88% yesterday. The NASDAQ Technology Index (US100) closed positive by 1.35%, with the index setting a record high. Stocks found...
Total compensation of StoneX’s Head of Retail and FX Glenn Stevens for 2023 amounts to $5.6M
StoneX Group Inc. (NASDAQ:SNEX), owner of Forex brands such as FOREX.com and City Index, has revealed details about the compensation of its executives for 2023. For fiscal year 2023, the company’s five named executive officers were Sean M. O’Connor, who served as the...
SEC obtains final judgment against stock promoter for fraudulent scheme
The Securities and Exchange Commission (SEC) has obtained a final judgment against stock promoter Carl Smith for misrepresentations he made to investors while raising funds for Nanobeak Biotech Inc. The judgment was issued by the U.S. District Court for the Southern...
Beeks partners with BlueVoyant – FX News Group
Beeks, a managed cloud computing and analytics provider for capital markets and financial services, has announced a partnership with BlueVoyant. This collaboration allows Beeks’ IT team the resources to concentrate on critical security threats and offering financial...
SEC goes after Prosperity Investments & Solutions for engaging in Ponzi scheme
The Securities and Exchange Commission (SEC) has charged Loganville, Georgia resident Prosper E. Beyond Moore and the entity he controls, Prosperity Investments & Solutions, LLC, with defrauding dozens of investors. According to the SEC’s complaint, between...
Exclusive: ThinkMarkets hit with $4.28M court order to return client funds
FNG Exclusive… FNG has learned that London/Australia based Retail FX and CFDs broker ThinkMarkets has been issued a court order by the Business and Property Courts of England and Wales – London Circuit Commercial Court, in the amount of USD $4.28 million. The court...
Vantage unveils new episode of The Vantage View
Multi-asset broker Vantage today launched the second episode of video series, The Vantage View, centred on the circular economy. The Vantage View continues to break new ground, highlighting the latest key trends and thought provoking subjects that are transforming the...
FCA cancels small payment institution registration of Fox Global Trading
The UK Financial Conduct Authority (FCA) has cancelled the small payment institution (SPI) registration of Fox Global Trading Limited. Pursuant to Regulations 10(1)(a) and 10(1)(h) (as applied by regulation 15) of the Payment Services Regulations 2017 (PSRs), the...
Falling probabilities of interest rate cuts in the spring are weighing on stock indices :: InvestMacro
By JustMarketsAs of Wednesday’s stock market close, the Dow Jones Index (US30) lost 0.25% and fell to a one-month low, while the S&P 500 Index (US500) was down by 0.56% yesterday. The NASDAQ Technology Index (US100) closed negative by 0.59%.Economic news from the...
Robinhood agrees to pay $7.5M fine to settle with Massachusetts securities regulator
Robinhood Financial, LLC has agreed to settle a 2020 case brought by Secretary of the Commonwealth William F. Galvin over the online trading platform’s use of gamification strategies to attract and manipulate customers. As part of that settlement, Robinhood has agreed...
Solar Energy Company Expands Network Overseas :: InvestMacro
Source: Streetwise Reports (1/16/24) Three Sixty Solar Ltd. has signed an MOU with a variety of partners in the U.S., the Middle East, and Turkey. Read on to see why analysts rated this company’s stock as a Buy. Three Sixty Solar Ltd. (VSOL:NEO; VSOLF:OTC) announced...
LSEG opens Technology Centre of Excellence in Hyderabad
London Stock Exchange Group (LSEG) has announced the opening of its Technology Centre of Excellence in Hyderabad, India, a key step in the company’s global expansion efforts. The facility aims to spearhead new product and service development by prioritising...
What the Red Sea crisis could mean for the electric vehicle industry and the planet :: InvestMacro
By Tom Stacey, Anglia Ruskin University Automotive giants Tesla and Volvo have announced pauses to the production of their electric vehicles (EVs) in Europe. Electric vehicles are seeing record sales and demand worldwide, but a lack of parts means that factories...
Canadian regulators propose rules for public investment funds holding crypto assets
The Canadian Securities Administrators (CSA) – the national body comprising Canada’s various provincial financial markets regulators – has published for comment a set of proposed regulatory requirements for public investment funds that seek to invest in crypto assets....
As the billionaires gather at Davos, it’s worth examining what’s become of their dreams :: InvestMacro
By John Quiggin, The University of Queensland Gathering for their annual World Economic Forum at Davos in Switzerland this week, the world’s business and political elite will be digesting some unpleasant reading courtesy of the aid agency Oxfam International.Oxfam’s...
Saudi Tadawul Group acquires strategic stake in Dubai Mercantile Exchange
Saudi Tadawul Group Holding Company (STG), a leading diversified capital markets group in the MENA region, has entered into a binding agreement with existing shareholders of DME Holdings Limited to acquire a 32.6% stake in Dubai Mercantile Exchange (DME), one of the...
Symmetrical triangle nears apex :: InvestMacro
Crude coils within triangle patternIncoming EIA could trigger volatility Prices may test upper bound of triangle pattern Key levels of interest at $74.35 & $70.83 Crude oil is bound within a symmetrical triangle pattern which began on November 30th, 2023.However,...
Broadridge Canada names Chad Alderson its General Manager, Global Technology and Operations
Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the appointment of Chad Alderson as General Manager, Global Technology & Operations (GTO), Canada. Alderson succeeds Karin Yorfido, who was recently appointed President of...
Italy’s CONSOB blocks websites of Alphascrypto, Blackridge Capital Management, Fast-MNG
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to several new unauthorised investment websites. The latest set of orders target: “Blackridge Capital Management Ltd” (website https://blackridgecm.com and related page...
FINRA fines Landolt Securities for deficient supervision of electronic communications
Landolt Securities, Inc has agreed to pay a fine of $25,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From at least March 2021 to the present, Landolt Securities has failed to establish, maintain, and enforce a reasonable...
BNY Mellon, ING to join CLSNet community
BNY Mellon and ING have agreed to join CLS’s bilateral payment netting calculation service for over 120 currencies, CLSNet. They are the latest participants to join the growing CLSNet community, which includes eight of the top 10 global banks. CLSNet standardizes and...
eToro partners with STRATxAI to launch new portfolio
Trading and investing platform eToro has partnered with fintech STRATxAI, specialists in intelligent investment systems, to launch a new portfolio. Named ‘Cutting-Edge’, this portfolio leverages proprietary STRATxAI technology and analytical tools previously available...
CFTC charges Debiex for fraudulent digital asset scheme
The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Debiex and Zhāng Chéng Yáng. The CFTC complaint was submitted at the Arizona District Court on January 17, 2024. From approximately March 2022 to the present (Relevant Period), Debiex, by...
HK authorities warn public of Aramex and DIFX for suspected virtual asset-related frauds
Hong Kong’s Securities and Futures Commission (SFC) and the Police today warned the public of suspected frauds involving two entities purporting to be virtual asset trading platforms (VATPs). They operate under the names of “Aramex” and “DIFX”. In both cases, the SFC...
Plum introduces Spend Tracker for smarter budgeting
Smart money app Plum has added a new Spend Tracker to help customers with their budgeting plans. The Spend Tracker automatically categorises all outgoings and shows them as a percentage of overall spending. By breaking their spending down, customers can see at a...
Kuwait CFDs broker NCM gets UAE SCA Category 1 license
Kuwait based CFDs broker NCM Investment Company KSCC has announced that it has been granted a Category 1 license from the UAE Securities and Commodities Authority (SCA). The company said that the granting of a Category 1 license represents a significant milestone and...
Hantec launches offshore prop trading unit Hantec Trader
The prop trading craze among Retail FX and CFDs brokers is continuing, with London / Hong Kong based Hantec Group announcing the launch of Hantec Trader, its proprietary trading firm. Hantec Trader will offer proprietary trading accounts powered by Hantec Markets, a...
Binance introduces Mock Copy Trading feature
Crypto firm Binance has introduced Mock Copy Trading, a feature where you can explore the nuances of Copy Trading with absolutely zero risk. Mock Copy Trading simulates the real-world experience of Copy Trading. Armed with a virtual fund of up to $100,000 USDT in test...
PayPoint adds Lan Tu to Board
PayPoint today announced the appointment of Lan Tu to the Board of PayPoint plc as an additional independent Non-Executive Director with effect from 15 March 2024. Following this appointment, Lan will serve as a member of the Nomination and Remuneration Committees...
Exclusive: Admirals CEO Sergei Bogatenkov and Cyprus head Andreas Ioannou resign
FNG Exclusive… FNG has learned that Estonia based Retail FX and CFDs broker Admirals Group AS is making some major changes to its management C-Suite, which will see the departure of longtime CEO Sergei Bogatenkov (pictured above), as well as Management Board member...
Economic data on China fell short of forecasts. In the Eurozone, there is a decline in inflation expectations :: InvestMacro
By JustMarketsAs of Tuesday’s stock market close, the Dow Jones Index (US30) was down by 0.62% and fell to a one-month low, while the S&P 500 Index (US500) fell by 0.37% yesterday. The NASDAQ Technology Index (US100) closed negative by 0.19%.Fed Chief Waller’s...
Exclusive: Fred Gewirtz joins Scandinavian Capital Markets as Head of Institutional Liquidity
FNG Exclusive… FNG has learned that longtime iSAM Securities executive Fred Gewirtz has joined Retail FX and CFDs broker Scandinavian Capital Markets, as the company’s new Head of Institutional Liquidity. Fred Gewirtz was part of the original Grand Rapids, Michigan...
NQ100_m wobbles above support :: InvestMacro
NQ100_m wobble above supportPrices trapped within rangeWeekly RSI near overbought levelsIncoming US data could trigger breakoutKey levels of interest at 16900 & 16630After swinging within a range on the daily charts, the NQ100_m could be preparing for a...
Equinix launches Equinix Fabric Cloud Router
Digital infrastructure company Equinix, Inc. (NASDAQ:EQIX) today announced the general availability of Equinix Fabric Cloud Router, a new virtual routing service to help enterprises easily connect applications and data across multiple clouds and on-premise...
R.J. O’Brien appoints Patrick Christie as Senior Exec Officer and Head of Hrvyst
Chicago-based futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) announced today the appointment of Patrick Christie as Senior Executive Officer and Head of Hrvyst, the firm’s agricultural technology (ag tech) business unit. Mr Christie has more...
Hargreaves Lansdown CFO Amy Stirling joins Board of Next plc
Hargreaves Lansdown plc (HL) today confirmed that Amy Stirling, Chief Financial Officer and Executive Director of HL, has been appointed to the Board of Next plc as an independent Non-Executive Director with effective from April 2, 2024. Amy Stirling Amy Stirling has...
B2Prime gets initial approval for Dubai VARA crypto license
Cyprus based liquidity services provider B2Prime Group has announced that its B2B Prime Digital MENA subsidiary has been granted an “Initial Approval” for licensing from the Dubai Virtual Assets Regulatory Authority (VARA). Licensing remains subject to fulfilment of...
Genesis Global launches AI-driven data services in its platform and its bond market solution
Genesis Global, the low-code application development platform purpose-built for financial markets organizations, has launched AI-driven data services in its platform and its bond market solution to auto process pricing data and other deal terms asset managers receive...
Exclusive: CFDs broker Doto replaces CEO, halts onboarding EU clients
FNG Exclusive… FNG has learned that Doto, a relatively new entrant in the Retail FX and CFDs brokerage business, has made some changes which include the departure of CEO Demetrios Zamboglou and the addition of a new CEO from outside “the industry”, Victor Zimarev. The...
Exclusive: Ex Revolut/ActivTrades exec Lana Sinelnikova named UK Chief Compliance Officer at Kraken
FNG Exclusive… FNG has learned that leading crypto exchange Kraken has named London based executive Lana Sinelnikova as the Chief Compliance Officer for its UK entity. She will also serve as Kraken UK’s SMF 16 officer. Lana Sinelnikova initially joined Kraken in late...
FCA warns public against dealing with clone of Finalto
The UK Financial Conduct Authority (FCA) has issued a warning against a fraudulent entity abusing the details of Finalto. Fraudsters copy the details of firms the FCA authorises to try and convince people that their firm is genuine. Finaltos is not authorised by the...
MahiMarkets launches MFXTradeHaven tool for broker trade flow management
London based brokerage technology solutions provider MahiMarkets has announced the introduction of MFXTradeHaven, a one-stop trading solution designed exclusively for ambitious brokers handling monthly volumes of less than approximately $5 billion. Users can now...
Data brokers know everything about you – what FTC case against ad tech giant Kochava reveals :: InvestMacro
By Anne Toomey McKenna, University of Richmond Kochava, the self-proclaimed industry leader in mobile app data analytics, is locked in a legal battle with the Federal Trade Commission in a case that could lead to big changes in the global data marketplace and in...
Capitalise.ai partners with Microsoft to introduce cutting-edge text-based services to customers within fin markets
Capitalise.ai is collaborating with Microsoft to introduce cutting-edge text-based services to customers within financial markets. This collaboration marks a significant step forward in enhancing the capabilities available to traders, investors, and financial...
AEGIS Hedging acquires Ancova Energy
AEGIS Hedging Solutions today announced that it has acquired Ancova Energy and its affiliates. Ancova is a provider of oil and gas marketing services and software based in Oklahoma City. With the acquisition, AEGIS adds colleagues with over 300 years of collective...
NatGas bullish opportunity on horizon :: InvestMacro
NatGas busy with correction wave in uptrendWeekly support may trigger long opportunityPrices trading above 100 EMA on H4 chart 3 potential bullish targets identified Bullish scenario invalidated below 2.729US natural gas prices have been at the receiving end of...
J.P. Morgan to pay $18M to settle SEC charges for violating whistleblower protection rule
The Securities and Exchange Commission (SEC) today announced settled charges against J.P. Morgan Securities LLC (JPMS) for impeding hundreds of advisory clients and brokerage customers from reporting potential securities law violations to the SEC. JPMS agreed to pay...
The focus today is on Canadian inflation data. There is a deterioration in economic indicators in Europe :: InvestMacro
By JustMarketsThe US stock market did not trade yesterday due to the bank holiday.Bank of Canada, business and consumer surveys showed that the economy has suffered from the Bank’s aggressive rate hike campaign, reinforcing the view that the tightening cycle is likely...
Webull partners with TradingView – FX News Group
Trading platform Webull today announced a partnership with TradingView, a charting platform and social network for traders and investors. The collaboration will provide Webull users with platform solutions that will enrich their experience and bring TradingView’s...
how much money is there in the world? :: InvestMacro
By Renaud Foucart, Lancaster University How much money is there in the world? – Tsubamé, aged ten, LondonIf we want to add up how much money there is in the world, a good place to start would be counting all the notes and coins out there – in people’s wallets and...
Worldline selects Google Cloud technology to boost its digital transformation
Payment services provider Worldline (EPA:WLN) and Google announced today a strategic partnership designed to leverage cutting-edge cloud-based technologies from Google Cloud to take Worldline’s digital transformation further. As part of the partnership, Google will...
Match-Prime and Match-Trade open Dubai office, headed by Ahmed Fouad
Match-Prime Liquidity, alongside its strategic partner Match-Trade Technologies, has announced the opening of a new office in Dubai, marking a significant expansion into the Middle East and North Africa (MENA) region. The Dubai office will serve as a hub for both...
FXSpotStream adds Wells Fargo as 16th Liquidity Provider
Multibank liquidity services provider FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, has announced that Wells Fargo has joined FXSpotStream as a Liquidity Provider, and is now live with multiple clients. FXSpotStream, which is dedicated to...
Options partners with Canadian Securities Exchange to enhance market connectivity
Infrastructure and market data provider Options Technology today announced a strategic partnership with the Canadian Securities Exchange (CSE). This collaboration is set to enhance and expand market connectivity for CSE’s diverse and growing list of market...
Saxo Bank partners with FairXchange for Liquidity Management Data Analytics
Retail FX and CFDs broker Saxo Bank has become the latest institution to join the FairXchange ecosystem, inking an agreement for FairXchange to provide its liquidity management platform Horizon to Saxo. Guy Hopkins Guy Hopkins, CEO and Founder of FairXchange said: “We...
Danske Bank selects Broadridge’s Tbricks to support multi-asset trading
Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that Danske Bank has selected Broadridge’s multi-asset trading and market making solution, Tbricks, to support multi-asset trading, pricing and position management across Danske Bank...
Exclusive: Matthew Davidson named CEO at IG Australia
FNG Exclusive… FNG has learned that leading UK online broker IG Group (LON:IGG) has named Matthew Davidson as CEO at its IG Australia & New Zealand unit. Based out of Melbourne, Matthew Davidson has been with IG for 19 years. He began his IG career as a sales...
Jefferies, SMBC expand strategic alliance
Jefferies Financial Group, Inc. (NYSE:JEF) and Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG), Sumitomo Mitsui Banking Corporation (SMBC), and other group companies announced today that they have signed a memorandum of understanding to further expand their global...
Markets.com hires Marcelo Spina as COO
Markets.com, the retail brokerage arm of Finalto, has continued to remake its management C-Suite, announcing the appointment of Marcelo Spina as Chief Operating Officer (COO). The company said that this pivotal addition to the Markets.com team is part of the company’s...
Brent Crude Oil Experiences Upward Trend :: InvestMacro
By RoboForex Analytical DepartmentBrent prices have been rising for three consecutive days as of this Monday. The price of a Brent barrel has climbed to 79.00 USD, and there are underlying reasons for this surge.The focal point of attention is the unfolding events in...
FCA outlines expectations for investment-based crowdfunding platforms
The UK Financial Conduct Authority (FCA) today published a letter outlining the harms to consumers and markets most likely to arise from Crowdfunding business models, and its strategy to address those harms. In particular, the FCA notes that investment-based...
Corpay Cross-Border named official FX partner for Cricket Ireland
Corpay’s Cross-Border business has entered into an agreement with Cricket Ireland to become their Official Foreign Exchange Partner. Through this partnership, Cricket Ireland, along with their broader ecosystem of corporate business partners will be able to gain...
Your Bourse surpassed the monthly trading volume of $1 Trillion in December 2023. :: InvestMacro
In December 2023, Your Bourse, a trade execution technology provider, reported a new record in monthly trading volume – $1.08 trillion. A strong company performance led to a significant increase in both clients and their trading volume via the Your Bourse...
Exclusive: FXOpen sees Revenues flat in 2022 at £645K, posts £298K loss
FNG Exclusive… FNG has learned via regulatory filings that FCA regulated Retail FX and CFDs broker FXOpen Ltd posted a loss of £297,934 in 2022, although smaller than the £456,913 net loss the company saw in 2021. Revenues at FXOpen were basically flat year-over-year,...
Hong Kong Futures Exchange to include currency futures and options in Derivatives Holiday Trading
Hong Kong Futures Exchange Limited plans to include currency futures and options in Derivatives Holiday Trading starting from 29 March 2024, subject to regulatory approval. Upon the inclusion of currency futures and options in Derivatives Holiday Trading, Exchange...
NAGA Group shares tumble 29% after Capex.com acquisition announcement
FNG Exclusive Analysis… The past four weeks have not been kind to NAGA Group. After the company found a “white knight” in rival Retail FX and CFDs broker Capex.com, which announced plans in mid December to acquire NAGA via a Reverse Merger (plus an injection of...
Vantage reveals redesigned website – FX News Group
Multi-asset broker Vantage Markets today unveiled its redesigned website. This launch marks the start of a new year while symbolising a new dynamic chapter for Vantage. Reflecting the ‘New Year, New Look’ theme, it marks a significant step in the company’s journey...
Valérie Urbain to succeed Lieve Mostrey as Euroclear CEO
Euroclear announced today that Valérie Urbain has been selected by the Board as the successor to Lieve Mostrey as its Group Chief Executive Officer (CEO). Having now received the relevant regulatory approvals, Lieve Mostrey and Valérie Urbain will ensure a smooth and...
Saxo Capital Markets Australia reduces brokerage fees
Saxo Capital Markets (Australia) Limited has reduced its brokerage fees by up to 87% for US markets and up to 62% for the ASX. Saxo clients can now enjoy razor-sharp, all-inclusive pricing on brokerage and other trading fees, trading US equities for as little as USD...
LME announces Marco Strimer as Category 7 (Honorary) Member
London Metal Exchange (LME) confirms that Mr Marco Strimer has been made a Category 7 (Honorary) Member of the LME, in recognition of his service to the LME Group. Marco Strimer His career spans across 40 years, specialising in the financial industry with a focus on...
Currency Speculators push British Pound bets to highest since September :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday January 9th and shows a quick view of how large market...
FX Speculators push British Pound bets to highest since September :: InvestMacro
COT | Data | Leaders | What is COT? | Excel | COT DashboardHere are the latest links to our coverage of the Commitment of Traders data changes. Data updated through January 9th.The COT currency market speculator bets were higher this week as seven out of the eleven...
FX week in review: MarketsVox rebrand, strong results at Swissquote and CMC, executive moves
The post holiday break news stream continued at full volume in the FX and CFDs industry this past week, as FNG reported on a variety of broker results, a broker rebranding, and of course a long list of executive moves as companies positioned to tackle fairly ambitious...
Speculator Bets led lower by Soybean Meal & Corn :: InvestMacro
Here are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday January 9th and shows a quick view of how large traders (for-profit...
DowJones & Soybeans lead Bullish & Bearish Positions :: InvestMacro
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on January 9th.This weekly Extreme Positions report highlights the Most Bullish and Most...
Speculator Bets go lower led by Copper & Gold :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday January 9th and shows a quick view of how large traders...
Speculator Bets led higher by SOFR 3-Months & 5-Year Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday January 9th and shows a quick view of how large...
Speculator Bets led higher by S&P500 & Russell :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday January 9th and shows a quick view of how large traders...
Exclusive: Admirals’ Customer Success Division head Sergei Belchikov leaves for Uspio
FNG Exclusive… FNG has learned that longtime Admirals executive Sergei Belchikov has left the company, to join Cyprus based web and mobile software development company Uspio. Sergei will serve as Head of Customer Service at Uspio. Sergei Belchikov had been with...
Citi posts Q4 2023 net loss of $1.8bn
Citigroup (NYSE:C) today reported its financial results for the final quarter of 2023. Citi posted a net loss of $1.8 billion for the final three months of 2023. This compares to a net income of $2.5 billion for the year-ago quarter. The loss reflected higher cost of...
Bank of America registers Global Markets net income of $636M in Q4 2023
Bank of America today posted its financial report for the final quarter of 2023, with Global Markets net income at $636 million. The Global Markets segment saw sales and trading revenue increase 3% to $3.6 billion, including net debit valuation adjustment (DVA) losses...
EURUSD on brink of major breakout? :: InvestMacro
EURUSD braces for heavy event weekKeep eye on top-tier EU + US dataSpeeches from central bank officials also in focusMajor breakout could be on horizonFirst points of interest at 1.10 and 1.09The EURUSD could be pumped with fresh life next week due to key economic...
Cboe Digital launches margined Bitcoin and Ether futures, completes successful first trade
Cboe Digital announced it successfully launched margined Bitcoin and Ether futures and completed its first margined Bitcoin futures trade. With support from Blockfills, DV Trading LLC, Jump Trading Group, Marex, Toa Capital Partners and Wedbush in executing these...
When can we stop worrying about rising prices? The latest inflation report offers no easy answers :: InvestMacro
By D. Brian Blank, Mississippi State University and Brandy Hadley, Appalachian State University Tired of thinking about inflation’s impact on your wallet? You’re not alone. But like it or not, higher prices continue to be an economic and – with the presidential race –...
Morgan Stanley agrees to pay more than $249M to settle SEC charges
The Securities and Exchange Commission (SEC) today charged investment banking giant Morgan Stanley & Co. LLC and the former head of its equity syndicate desk, Pawan Passi, with a multi-year fraud involving the disclosure of confidential information about the sale...
The United States and Britain are striking back at the Houthis. Oil rises amid escalating conflict in the Middle East :: InvestMacro
By JustMarketsAt the close of the stock market yesterday, the Dow Jones Index (US30) was up by 0.04%, while the S&P 500 Index (US500) was down by 0.07% on Thursday. The NASDAQ Technology Index (US100) closed around its opening price.The US Consumer Price Index for...
Dieter Wemmer to step down from UBS Board
The UBS Board of Directors announced today that Dieter Wemmer will not stand for re-election to the Board of Directors of UBS Group AG and UBS AG. Having joined in 2016, he is the longest serving Board member and has informed the Board of his decision to step down....
iSAM Securities hires oneZero alum Dennis Weissert as Sales Director
London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that it has hired Dennis Weissert as the newest member of its Sales team. Joining iSAM Securities as a Sales Director, Dennis Weissert brings over 13 years of experience...
Exclusive: Mitesh Vaghela named Chief Business Officer at Rostro Group
FNG Exclusive… FNG has learned that FX brokerage operating firm Rostro Group has named Mitesh Vaghela as the company’s new Chief Business Officer, representing a promotion and new role for Mitesh. Mitesh Vaghela joined Rostro Group in 2022, as was also exclusively...
CoinShares exercises option to acquire Valkyrie Funds
CoinShares International Limited today announced it has exercised the option to acquire Valkyrie Funds LL, a U.S. digital asset manager’s investment advisory business specialising in actively managed cryptocurrency exchange-traded funds, from Valkyrie Investments Inc....
11 Bitcoin ETFs Approved by the SEC – So What?
FNG Exclusive Interview… Tom Higgins, CEO of Gold-i, is renowned in our industry as an early advocate of digital assets. Here he talks to FNG about why the SEC’s approval of Bitcoin ETFs creates such a great opportunity for brokers. FNG: Is the SECs approval of...
HK regulator warns public of suspicious Forex products offered by Eternity Prime Limited
Hong Kong’s Securities and Futures Commission (SFC) today warned the public of suspicious investment products named “Eternity.inc forex packages” offered by Eternity Prime Limited. The products have not been authorised by the SFC for offering to the Hong Kong public...
Circle files draft registration statement for proposed IPO
Circle Internet Financial has announced that it confidentially submitted a draft registration statement on Form S-1 with the United States Securities and Exchange Commission (SEC), relating to the proposed initial public offering of its equity securities. The number...
James Hopkinson to step down as Metro Bank Exec Director
Metro Bank Holdings PLC announces that James Hopkinson, Chief Financial Officer, has agreed with the Board that he will step down as Executive Director with immediate effect. He will leave the business during the first quarter of 2024 after a period of handover. James...
Spain’s CNMV initiates disciplinary proceedings against Deutsche Bank
The Executive Committee of the Spanish National Securities Market Commission (CNMV) has agreed to initiate disciplinary proceedings against DEUTSCHE BANK, S.A.E., for the advisory service provided to Spanish clients in relation to highly complex and high-risk...
Gold-i adds Swap Free Plug-In for MT4/MT5
Forex broker technology solutions provider Gold-i has announced that it has added a Swap Free plug-in to its MT4 and MT5 product portfolio, providing brokers with the ability to offer trading accounts that do not pay interest. Gold-i’s Swap Free plug-in, launched in...
CySEC confirms withdrawal of ICF membership of four investment firms
The Cyprus Securities and Exchange Commission (CySEC) today confirmed that four investment firms have had their membership in the Investors Compensation Fund (ICF) withdrawn. The following firms are no longer members of the ICF: Stone Edge Capital Ltd (LEI...
Mastercard develops AI tool to provide assistance to small business owners
Mastercard is in development on a new initiative to support small business owners globally with personalized guidance to help them grow and thrive. The company is piloting Mastercard Small Business AI, an inclusive Artificial Intelligence tool that delivers customized...
Gold on standby mode as US CPI looms :: InvestMacro
Gold in a correction wave of W1 uptrendPossible bullish momentum building on D1/H4 timeframe4 potential bullish targets if 2042.09 breached Bullish scenario invalidated below 2020.31 Incoming US CPI report could trigger volatilityGold prices were steady on...
FIS expands its sell-side solutions to new buy-side clients
Fintech company FIS (NYSE:FIS) today announced that it has expanded its sell-side solutions to new buy-side clients. As buy-side clients face pressures to find new revenue streams, reduce risk, drive operational efficiency, and deliver new value for their customers,...
The Nikkei 225 has hit a 34-year high. Rising inflation in the US may push back the US Fed’s plans to cut rates in the spring :: InvestMacro
By JustMarketsAt yesterday’s stock market close, the Dow Jones Index (US30) was up by 0.45%, while the S&P 500 (US500) added 0.57% on Wednesday. The NASDAQ Technology Index (US100) closed positive by 0.75%.Today, the US will release its monthly consumer price...
Broadridge launches GenAI-powered OpsGPT – FX News Group
Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the launch of OpsGPT, a new capability for operations users, analysts, and management teams to transform their operations across the post-trade lifecycle. Powered by Generative AI (GenAI) and Large...
Exness trading volumes in December top $3.6 trillion, 2023 average $3.7 trillion
Cyprus based multi asset broker Exness closed out an absolutely blockbuster 2023 by posting client trading volumes of $3.607 trillion in the last month of the year. December’s trading activity was 8% below November’s $3.935 trillion, not unexpected due to the...
Marex appoints Linda Myers and Madelyn Antoncic to Board
Diversified global financial services platform Marex today announced that Linda Myers and Madelyn Antoncic have been appointed to the Group Board and join this month. Ms Myers joins as Chair of the Remuneration Committee, replacing Jeremy Isaacs, who remains on the...
Coinbase expands access to its products in Africa via partnership with Yellow Card
Coinbase is expanding access to its products in Africa, starting with 20 countries across the continent. Coinbase’s new partnership with African stablecoin exchange Yellow Card will help usher in the future of money by giving millions of users access to USDC and fast,...
Commerzbank, Global Payments establish JV
Commerzbank (FRA:CBK) and Global Payments (NYSE:GPN), a provider of payment technology and software solutions, today announced a joint venture to offer digital payment solutions to small and medium size business customers across Germany. The new entity, Commerz...
Argentina’s CSD Caja de Valores adopts Nasdaq tech to enhance post-trade infrastructure
Caja de Valores, Argentina’s Central Securities Depository (CSD), today announced it has launched a new technology platform using Nasdaq’s CSD technology. The platform significantly enhances Caja de Valores’ ability to meet immediate operational and performance needs,...
Match-Trader trading platform integrates with TradingView
Cyprus based trading platform and tech solutions provider Match-Trade Technologies has announced that their multi-asset trading platform for Forex brokers, Match-Trader, is now integrated with social network and charting platform system TradingView. This strategic...
Cboe Options Exchange to list options on ETPs holding Bitcoin
Cboe Options Exchange (C1) has submitted an SEC rule filing to permit it to list options on exchange-traded products (ETPs) holding Bitcoin, including those for which SEC approval is expected during the week of January 8, 2024. Cboe Options’ current rules generally...
Broadridge, Boring Money partner on Consumer Duty solution for asset managers
Boring Money, a financial data and insights business, has collaborated with global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) to provide a single source of data and insights for asset managers that combines product analysis with consumer perspective...
FlowBank sponsors tennis pro Alexander Zverev
Geneva based online bank and brokerage firm FlowBank has announced a new three-year partnership with world-renowned tennis player Alexander Zverev. As part of this exclusive partnership, FlowBank will serve as Alexander Zverev’s official financial partner, supporting...
From besting Tetris AI to epic speedruns – inside gaming’s most thrilling feats :: InvestMacro
By James Dawes, Macalester College After 13-year-old Willis Gibson became the first human to beat the original Nintendo version of Tetris, he dedicated his special win to his father, who passed away in December 2023.The Oklahoma teen beat the game by defeating level...
Exclusive: Zara FX adds B2Broker exec Kuldeep Mahindrakar as Strategy and Expansion Officer
FNG Exclusive… FNG has learned that MENA focused offshore Retail FX and CFDs broker Zara FX has continued its recent hiring spree, adding Kuldeep Mahindrakar as the company’s new Strategy and Expansion Officer. He will be based in Dubai for his new role with Zara FX....
Options, OneTick partner to deliver global SAAS analytics platform
Options Technology, a provider of cloud-enabled managed services to the global financial sector, today announced its partnership with OneMarketData and its flagship OneTick platform. Options will enable OneTick subscribers to access its vast repository of market data,...
Amana parent 180 Capital hires GTN exec Samer Abuzahra as CCO
Dubai based fintech holding company 180 Capital has announced the appointment of Samer Abuzahra as its Chief Commercial Officer (CCO). Samer Abuzahra will spearhead 180 Capital’s business development, focusing especially on delivering innovative trading and investing...
2023’s billion-dollar disasters list shattered the US record with 28 big weather and climate disasters amid Earth’s hottest year on record :: InvestMacro
By Shuang-Ye Wu, University of Dayton National weather analysts released their 2023 billion-dollar disasters list on Jan. 9, just as 2024 was getting off to a ferocious start. A blizzard was sweeping across across the Plains and Midwest, and the South and East faced...
PortX, Plaid partner to fast-track data access and innovation for financial institutions
Financial infrastructure and integration technology company PortX has announced a strategic partnership with Plaid, the data network powering the digital financial ecosystem. This collaboration combines the power of PortX’s digital core banking integration experience...
Oil waits for fundamental spark :: InvestMacro
Brent bulls and bears in tug of warPrices trapped in range on D1 chartsIncoming EIA data could trigger volatilityTechnical indicators favour bearsKey levels of interest at $79 and $75.50It has been a choppy affair for oil prices thanks to a combination of fundamental...
Unlimit to operate built-in payments for the MT5 trading platform
Cyprus based trading platform developer MetaQuotes has announced a new partnership that will see payments solutions provider Unlimit operate built-in payments for its platform. Integrated payments were introduced in one of the recent major MetaTrader 5 (MT5) updates,...
Inflation in Australia continues to decline. The World Bank forecasts a contraction in growth :: InvestMacro
By JustMarketsAt the close of the stock market yesterday, the Dow Jones Index (US30) decreased by 0.42%, while the S&P 500 Index (US500) was down by 0.15% on Tuesday. The NASDAQ Technology Index (US100) closed positive by 0.09%.Lower expectations for a Fed...
FCA cancels Up and Up Trading Limited’s permission to conduct regulated activities
The UK Financial Conduct Authority (FCA) has decided to cancel the Part 4A permission of Up and Up Trading Limited. The Authority has taken this action because it considers that the firm is carrying on no regulated activity to which the Firm’s Part 4A permission...
MultiBank launches new trading platform featuring cutting-edge technology
As we step into the new year, MultiBank Group, a leading online financial derivatives institution, welcomes 2024 with the official launch of their cutting-edge mobile application, MultiBank-Plus, and the unveiling of a redesigned website. This significant milestone...
HK SFC warns public against impersonators of senior SFC execs
Hong Kong’s Securities and Futures Commission (SFC) today cautioned the public against instant text messages from scammers impersonating the SFC’s senior executives including its Chairman. Members of the public have recently reported to the SFC that they received text...
Deutsche Börse closes acquisition of digitised fund distribution platform FundsDLT
Global market infrastructure provider Deutsche Börse Group today announces the completion of the acquisition of FundsDLT, following regulatory approval from Luxembourg financial regulator Commission de Surveillance du Secteur Financier (CSSF). Deutsche Börse Group now...
CFI hires ex IG exec Louis Bridger as Head of Business Development
Leading MENA based online trading provider CFI Financial had announced the appointment of Louis Bridger as Head of Business Development, based in Dubai. With a wealth of experience spanning 17 years in the Financial Services industry, Louis will play a pivotal role in...
Saxo Bank introduces ‘Saxo Options Talk’ podcast
Multi-asset investment specialist Saxo Bank has launched its new podcast, “Saxo Options Talk“, a weekly series dedicated to everything about options trading on stocks and indices. This podcast, hosted by Koen Hoorelbeke and Peter Siks, is designed to be a go-to...
CME Group registers record international ADV of 6.8M contracts in 2023
Derivatives marketplace CME Group today announced that average daily volume (ADV) outside the United States reached a record 6.8 million contracts in 2023, up 8% from 2022. This record was driven largely by growth in Equity Index and Interest Rate products, up 26% and...
Valereum announces Board appointments – FX News Group
Gibraltar technology group Valereum Plc today announced a set of board appointments. Nick Cowan has officially joined the Board as Chief Executive Officer. Formerly serving as GSX Group CEO and founder of the Gibraltar Stock Exchange and GSX Group. With over 35 years...
Fintech firm Fiinu issues response to share price spike
Fintech firm Fiinu plc issued an official statement in response to the surge of its share price today. The share price of the company saw a spike of over 40% on January 9, 2024. The full statement by Fiinu can be found below: “Fiinu, a fintech group, creator of the...
Visa and CIBC announce new collaboration
Visa and CIBC announced a new collaboration that will enable the bank’s clients to send funds to family and friends across borders more conveniently. Thanks to the innovative money movement capabilities of Visa Direct, CIBC and Simplii clients will soon be able to...
CME Group to launch longer-dated event contracts
International derivatives marketplace CME Group will launch event contracts with quarter- and year-end expiries for E-mini S&P 500 and E-mini Nasdaq-100 futures on January 29, pending regulatory review. The new longer-horizon contracts will provide market users...
Webull appoints Anthony Denier as Group President
Online trading upstart Webull has announced the promotion of Anthony Denier, former Webull US CEO, to Group President. He will be responsible for managing the company’s regulated businesses across the globe, including all licensed broker-dealers. Anthony Denier has an...
Brent is stressed again :: InvestMacro
By RoboForex Analytical DepartmentFor the last month and a half, the crude oil market has been under a constant stress. Sentiment changes mostly because of the supply and demand forecasts. A Brent barrel price dropped to 75.65 USD yesterday.The decline was triggered...
CME Group to launch Options on S&P 500 Annual Dividend Index Futures
International derivatives marketplace CME Group today announced it will launch options on S&P 500 Annual Dividend Index futures on January 29, pending regulatory review. “Client demand for managing risk and seeking investment opportunities around dividend exposure...
Bulls eye potential 250-pip move :: InvestMacro
USDJPY bounces off neckline of double bottomUpside presents a potential 250-pip moveUS inflation data on Thursday in focusSupport at 200-EMA & resistance at 50-EMAUSDJPY bounced off the neckline of a daily double-bottom pattern after data showed inflation in Tokyo...
Sterling Trading Tech names Dave Weiss CTO
Sterling Trading Tech (STT), a provider of proprietary order management systems, risk and margin solutions, and trading platforms for the capital markets worldwide, announced today the appointment of industry veteran Dave Weiss as Chief Technology Officer. He will be...
NVDA shares have reached an all-time high. China plans to create favorable financial conditions for the country’s economic growth :: InvestMacro
By JustMarketsAt the stock market close yesterday, the Dow Jones Index (US30) was up by 0.58%, while the S&P 500 Index (US500) added 1.41% on Monday. The NASDAQ Technology Index (US100) closed positive by 2.20% yesterday. Nvidia stock’s (NVDA) rise to a record...
CQG integrates with TradeStation Securities’ brokerage services
TradeStation Securities, Inc., a self-clearing online brokerage for trading stocks, ETFs, options and futures, has announced that CQG, a global provider of high-performance technology solutions for traders, brokers, commercial hedgers and exchanges, has integrated...
NAGA Group reports 2023 Revenues of €45M, EBITDA €7M
Hamburg, Germany based Retail FX and CFDs brokerage operator NAGA Group AG (ETR:N4G) has released a statement regarding its preliminary 2023 full year results, indicating that the company exceeded expectations following a very strong fourth quarter. The social trading...
INFINOX hires Eurotrader exec Robert Collins as Head of Trading
INFINOX, a leading provider of CFD trading solutions, has announced the appointment of Robert Collins as its new Head of Trading. Based in the London office, Robert will lead INFINOX’s global trading team with a focus on delivering premium pricing and efficient trade...
iSAM Securities names Sam Johnson as Managing Director, Ryan Poole as CIO
In a strategic move to align leadership roles with the company’s vision for sustained growth and innovation, London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced the title changes of Sam Johnson (pictured above) to the...
Exclusive: Capex.com hires MultiBank exec Faisal Morrar as BizDev Manager in Dubai
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Capex.com has hired Faisal Morrar, as Business Development Manager. He will be based in Dubai for his new role with Capex.com. We understand that Faisal will spearhead the establishment of a B2B and...
Corpay to use NetStation by Netdania for Dealing team trading activity support
Corpay, a FLEETCOR (NYSE:FLT) brand and a global leader in business payments, has announced that Corpay’s Cross-Border business will utilise the advanced Information Terminal NetStation by Netdania, part of United Fintech, to support its Sales and Dealing teams’...
Exclusive: Offshore CFDs broker ForexVox rebrands as MarketsVox
FNG Exclusive… FNG has learned that offshore Retail FX and CFDs broker ForexVox has rebranded as MarketsVox. The website url forexvox.com now redirects to marketsvox.com. The company said that the decision to rebrand is grounded in a multifaceted strategy aimed at...
HK SFC suspends former responsible officer of City International Futures for 10 months
Hong Kong’s Securities and Futures Commission (SFC) has suspended Mr Andy Wong Yeung, former responsible officer (RO), manager-in-charge (MIC) of key business line and overall management oversight and director of City International Futures (Hong Kong) Limited...
RoboMarkets Pro Clinches Prestigious Award for Best Professional Trading Conditions in Europe :: InvestMacro
RoboMarkets Pro, a brand of RoboMarkets Deutschland GmbH, has been honoured with the prestigious “Best Professional Trading Conditions (Europe)” award at the Professional Trader Awards 2023.This accolade underscores the company’s unwavering commitment to delivering...
Admirals shuffles Supervisory and Management Boards
Estonia based Retail FX and CFDs broker Admirals Group AS has announced a change to its supervisory and management board structure. The moves come after Admirals saw its Revenues collapse by 51% in the first half of 2023, in which the company posted a loss of €4.8...
Bitcoin ETF awaits SEC approval :: InvestMacro
Clock ticks down to Bitcoin ETF deadlinePotential SEC approval will mark historic momentWatch out for other possible outcomesBitcoin could see heightened levels of volatilityWill Bitcoin rally or slump?Bitcoin is the talk of the town this week, as the clock ticks down...
CMC Markets shares soar 23% after FY2024 Trading Update
Shares of UK based online trading provider CMC Markets plc (LON:CMCX) were soaring on Monday, trading up by 23% as of the time of writing in early afternoon trading. Earlier today CMC Markets released its latest Trading Update for fiscal year 2024 (CMC has a March 31...
Economists have raised growth forecasts for the UK. Bank of Canada may push back its rate cut :: InvestMacro
By JustMarkets At Friday’s close, the Dow Jones Index (US30) was up by 0.07% (-0.67% for the week), while the S&P 500 Index (US500) was up by 0.18% (-1.86% for the week). The NASDAQ Technology Index (US100) closed positive by 0.09% (-3.83% for the week).The dollar...
Interactive Brokers invites LatAm residents to discover American Express International Dollar Card
If you are an Interactive Brokers client and citizen of a Latin American country, you can apply for the American Express International Dollar Card. As a travel card, it can be used to make online and contactless purchases (where available) all while you enjoy an array...
NFT Investments to change its name to Phoenix Digital Assets
NFT Investments plc, a fund specialising in the market for digital assets, today announced it will change its name to Phoenix Digital Assets plc. The relevant paperwork has been filed with Companies House, and the change of name will be effective once Companies House...
Finalto Asia and PrimeXM partner on APAC liquidity solutions
Finalto Asia and PrimeXM have announced a new strategic partnership, which the parties said will reshape the FX and CFD landscape in Asia and will aim to firmly establish exciting new liquidity solutions in the region through collaboration. Finalto Asia and PrimeXM...
David Fineberg, Albert Soleiman acquire shares in CMC Markets
CMC Markets Plc (LON:CMCX), a global provider of online trading and platform technology, today announced transactions in its shares by top management. David John Fineberg, deputy CEO of CMC Markets, and Albert Soleiman, CFO of the broker, acquired shares in CMC...
Exclusive: Christina Barbash joins PrimeXM
FNG Exclusive… FNG has learned that experienced FX industry executive Christina Barbash has joined FX broker tech and connectivity solutions provider PrimeXM, as the company’s new Regional Sales Manager. Based in Cyprus, Christina Barbash had spent the past three...
Kathleen Brooks joins XTB as Research Director for the UK market
XTB UK, the FCA licensed arm of Poland based online broker XTB SA (WSE:XTB), has announced that it has hired Kathleen Brooks, one of the best recognised financial markets research specialists in the retail investment industry, as its Research Director. Kathleen Brooks...
Exclusive: Compliance exec Dianah Njeri Igati moves from Scope Markets to Pepperstone
FNG Exclusive… FNG has learned that experienced compliance executive Dianah Njeri Igati has joined Retail FX and CFDs broker Pepperstone, as Regional Head of Compliance (ASIC, DFSA, SCB, FSC). Based in Melbourne, Australia, Dianah will oversee the regional Regulatory...
Seif El-Bakly steps down as COO of Argo Blockchain
Cryptocurrency mining company Argo Blockchain today announced management changes. Seif El-Bakly Effective 5 January 2024, Seif El-Bakly stepped down from his position as Chief Operating Officer to pursue other opportunities. The Company thanked Mr. El-Bakly for...
FINRA imposes $100k fine on UBS Financial Services
UBS Financial Services has agreed to pay a fine of $100,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From July 18, 2016, to July 23, 2021, the firm failed to include the Non-Transaction-Based Compensation (NTBC) indicator for...
FX week in review: 2024 begins with executive moves (Markets.com, IG, The Trading Pit…)
Following what was a very eventful and news-busy December to close out 2023 (NAGA Group and BUX sold, ThinkMarkets cancelling its IPO, IG Group hiring a new CEO…), the first holiday shortened week of 2024 was relatively quiet in the FX and CFDs industry, as both...
Multitude SE considers relocation to Switzerland
Multitude SE, an international growth platform for financial technology, contemplates a relocation from Finland to Switzerland while maintaining its legal personality and without dissolution. As Finnish law does not allow the relocation to be carried out directly from...
SPX500_m bulls down but not out :: InvestMacro
SPX500_m set for first weekly loss since late-OctoberUS CPI & major bank earnings could move indexSPX500_m under pressure on daily chartsHowever, prices still above 50, 100 and 200-day SMAKey levels of interest at 4798, 4700 and 4640It’s been a rough start to the...
FCA cancels Apex Legal Limited’s permission to conduct regulated services
The UK Financial Conduct Authority (FCA) has cancelled the Part 4A permission of Apex Legal Limited. The cancellation is effective as of January 5, 2024. The Authority has taken this action because, it considers that the firm is carrying on no regulated activity to...
The UK economy shows resilience to high interest rates. The Chinese yuan is under pressure :: InvestMacro
By JustMarketsAs of Thursday’s stock market close, the Dow Jones (US30) index added 0.03%, while the S&P 500 (US500) index fell by 0.34% yesterday. The NASDAQ Technology Index (US100) closed at a negative 0.56% on Thursday. Interest rate-sensitive technology...
eToro issues update to eToro wallet users in Germany
Online broker eToro has informed its German clients that, as of January 14, 2024, eToro wallet services will no longer be available. This means that as of this date: Clients will no longer have access to their eToro wallet. They will no longer be able to transfer...
Exclusive: LSEG Marketing Director Rohan Shams leaves for ICE
FNG Exclusive… FNG has learned that longtime London Stock Exchange Group (LON:LSEG) Director of Marketing Strategy Rohan Shams has left the company, and joined rival financial exchange operator Intercontinental Exchange Inc (NYSE:ICE), as Director, Fixed Income and...
Interactive Brokers updates IBKR Mobile app
Electronic trading major Interactive Brokers has enhanced the IBKR Mobile app. There is a new dashboard-like design which allows customization for any level of trader. In addition, there are improved access shortcuts and widgets that let users personalize the app. A...
Binance completes conversion of BUSD token balances to FDUSD
Binance has completed the conversion of BUSD token balances to FDUSD for eligible users. Users may confirm the receipt of FDUSD tokens by checking their Distribution History or Conversion History page. All eligible BUSD balances in users’ Spot and Funding Wallets were...
Exclusive: IG Group names Eren Eraslan as Head of Northern Europe
FNG Exclusive… FNG has learned that leading UK online brokerage IG Group (LON:IGG) has named Eren Eraslan as the company’s new Head of Northern Europe. Eren Eraslan joined IG Group in 2022, based in Frankfurt, as Head of Germany and Austria, so his new position...
Stuart Neal assumes role of Boku CEO
Provider of mobile payment solutions Boku Inc (LON:BOKU) announces that Stuart Neal was appointed CEO on 1 January 2024. He is expected to be appointed as a director of the company on 17 January 2024. Mr Neal was Chief Financial Officer of Boku between 2012 and 2014...
State Street appoints Terri Dempsey as Ireland Country Head
State Street Corporation (NYSE:STT) today announced the appointment of Terri Dempsey as country head of Ireland. Ms Dempsey will oversee the delivery of services and strategy for all of State Street’s operations in Ireland and report to Executive Vice President Cuan...
Hung over as it awaits NFP :: InvestMacro
By ForexTime NQ100_m continues to pullback from all-time highsThe 161.8 golden Fib ratio is the nearest term supportPrices trading below 21-day EMALatest selloff confirms negative RSI divergenceUS jobs data could inject more volatilityThe NQ100_m has closed lower for...
BRICS continues to expand. Fitch downgrades Chinese companies again :: InvestMacro
By JustMarketsAs of Wednesday’s stock market close, the Dow Jones (US30) index decreased by 0.76%, while the S&P 500 (US500) index was down by 0.80% yesterday. The NASDAQ Technology Index (US100) closed negative by 1.18% on Wednesday. The S&P 500 Index (US500)...
Visa introduces Web3 Loyalty Engagement Solution
Visa (NYSE:V) today announced the launch of the Visa Web3 Loyalty Engagement Solution. The new value-added service ushers in the future of customer engagement and loyalty, helping brands meet next-generation customers where they increasingly are – in digital and...
Xetra-Gold closes 2023 with holdings of nearly 200 tonnes
The gold holdings of the exchange-traded bearer bond Xetra-Gold (ISIN: DE000A0S9GB0) decreased to 198.7 tonnes at the end of the year 2023. This is a reduction of 31.5 tonnes over the course of the year. At the beginning of 2023, the volume was at 230.2 tonnes of...
eToro adds seven UCITS ETFs to lineup of investment instruments
Online broker eToro today announced the addition of seven UCITS ETFs to its lineup of investment instruments. The latest additions include: $IUAA.L $SDIA.L $PPFB.DE $3QSS.DE $8PSG.DE $XAD6.DE $WCO2.DE All seven ETFs are traded in Europe and considered as real for most...
Strong FX trading sends Saxo Bank volumes up 2% in December 2023 to $369.5B
Copenhagen based Retail FX and CFDs broker Saxo Bank closed out 2023 on a positive note, posting a 2% month-over-month increase in client trading volumes in December 2023, led by strong core FX trading activity. FX trading volumes for December came in at $134.8...
Monex announces start of business alliance with NTT DOCOMO
Online trading company Monex, Inc. today announced the start of a business alliance with NTT DOCOMO, Inc. The aim of the alliance is to provide customers the most innovative asset building services by bringing together the strengths of NTT DOCOMO’s customer base and...
Barclays appoints Naohiko Baba as Chief Japan Economist and Head of Japan Research
Barclays today announced that Naohiko Baba has joined Barclays Securities Japan Limited and been appointed to the position of Managing Director, Chief Japan Economist and Head of Japan Research, effective 1 January 2024. He will be reporting to Christian Keller, Head...
Exclusive: The Trading Pit names Darcy Corbett as Head of Digital Marketing
FNG Exclusive… FNG has learned that Cyprus based prop trading firm The Trading Pit has named Darcy Corbett as the company’s new Head of Digital Marketing. Darcy Corbett joined The Trading Pit last year in its marketing team. He worked the previous two year at FXGT,...
CME fines, bars trader for prearranging numerous transactions
International derivatives marketplace CME Group has posted a notice of disciplinary action against Sungbeon Kang. The Chief Regulatory Officer of CME Group’s Market Regulation Department issued charges against Sungbeon Kang for violating CME Rules 539 and 432.L1....
3 AI researchers look to the challenges ahead in 2024 :: InvestMacro
By Anjana Susarla, Michigan State University; Casey Fiesler, University of Colorado Boulder, and Kentaro Toyama, University of Michigan 2023 was an inflection point in the evolution of artificial intelligence and its role in society. The year saw the emergence of...
Euronext completes €200M share repurchase program
Pan-European market infrastructure Euronext today announced that it has completed the share repurchase program announced on 27 July 2023. Between 31 July 2023 and 3 January 2024, 2,870,787 shares, or approximately 2.7% of Euronext’s share capital, were repurchased at...
Mizuho Americas appoints Bill Featherston as Managing Director and Head of Research
Mizuho Americas today announced the hiring of Bill Featherston as Managing Director and Head of Americas Research. He will report to Darlene Pasquill, Head of Equity Division, Mizuho Americas. Bill Featherston Mr Featherston brings nearly 30 years of experience in...
Gold bears linger ahead of Fed minutes :: InvestMacro
Gold in corrective wave on D1 uptrend.Price slipped below 50 LWMA on H4 time frame.4 potential bearish targets if 2055.82 breached.Bearish scenario invalidate above 2078.99 levelWatch out for ISM, Jolts data and Fed minutesGold regained some upward momentum in the...
As we ring in 2024, can the US economy continue to avoid a recession? :: InvestMacro
By D. Brian Blank, Mississippi State University and Brandy Hadley, Appalachian State University With economic forecasters rewriting their 2024 outlooks following recent moves from the Federal Reserve, The Conversation turned to two financial economists to share their...
Today, investor interest is focused on the FOMC minutes :: InvestMacro
By JustMarketsAs of Tuesday’s stock market close, the Dow Jones (US30) index was up 0.07%, while the S&P 500 (US500) index decreased by 0.57% yesterday. The NASDAQ Technology Index (US100) closed negative by 1.63% on Tuesday. The S&P 500 (US500) fell to a...
Exclusive: ATFX Chairman Joe Li on acquisitions, and Retail FX in 2024
FNG Exclusive Interview… 2023 was a very busy year for M&A activity in the FX and CFDs brokerage sector. And with industry consolidation being one of the key themes of the year in our Top FX and CFD trading industry news stories of 2023, we thought it would be a...
Institutional FX trading volumes see seasonal 2% decline in December 2023
Closing out a fairly active 2023 for leading institutional eFX trading venues, December saw a slight 2% month-over-month decline in average trading volumes, which is not unusual given that much of late December is (almost) always quiet in the financial markets. Two of...
Tesla and Amazon once again lead eToro list of most widely held stocks
Online broker eToro has just published the data about most widely held stocks in the fourth quarter of 2023. Retail investors continued to back weight loss drugmakers in Q4 while also locking in profits from some of 2023’s biggest cash cows, according to the latest...
Wirex incorporates ZeroFox’s Dark Web Monitoring tool
Web3 money platform Wirex has announced a significant enhancement in its measures to combat Dark Web activities and money mule threats. The company has seamlessly incorporated ZeroFox’s Dark Web Monitoring tool into its system, creating a unified solution. This way, a...
TradingView, Devexperts establish DXtrade backend integration
TradingView and Devexperts officially announced the facilitation of a direct trading integration process to deliver enhanced services to mutual broker partners. This collaboration allows Devexperts’ clients to integrate their DXtrade trading backend into the...
SEC seeks entries of default against SW Financial reps for violations of Reg BI, excessive trading
The Securities and Exchange Commission (SEC) is seeking entries of default against Michael Blumer, John Kuprianchik, David Page, Steven Thompson, and Joseph Todaro – defendants in a lawsuit concerning violations of Regulation Best Interest and excessive trading. On...
Six Reasons This Vancouver Expert Thinks Silver Could Soar Beyond US$30 :: InvestMacro
Potential for Explosive Price RiseMany precious metal analysts suggest that silver prices could experience an “explosive” rise in 2024 if global supplies continue to fall short of demand.This suggests that there may be significant upside potential for silver...
FCA warns against clone of Eightcap
The UK Financial Conduct Authority (FCA) has issued a warning against a clone of Eightcap Group Ltd. Clones are fraudulent entities that abuse the data (name, address, logo, etc) of regulated companies in order to mislead potential victims and lure them into investing...
Interactive Brokers registers 13% Y/Y rise in DARTs in December 2023
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just published its key operating metrics for December 2023. The brokerage registered 1.972 million Daily Average Revenue Trades (DARTs) in December 2023, 13% higher than prior year and 4%...
Dany Mawas joins Markets.com as South Africa CEO
Retail FX and CFDs broker Markets.com, part of the Finalto group, has announced the appointment of Dany Mawas as the new CEO of Markets.com South Africa. Dany Mawas brings over 15 years of international experience in the finance industry, with a focus on investor...
Interactive Brokers appoints Rich Repetto as independent director
Electronic trading major Interactive Brokers Group Inc (NASDAQ:IBKR) today announced the appointment of Rich Repetto as an independent director of the firm effective January 1, 2024. “We are pleased to announce the appointment of Rich to the Board of Directors...
RoboMarkets’ R StocksTrader Mobile Trading Platform Recognized as the Best of 2023 in Europe :: InvestMacro
RoboMarkets, a European financial brokerage and the creator of the R StocksTrader trading platform, has announced its industry award win at the Professional Trader Awards event. The R StocksTrader mobile application was acknowledged as the “Best Mobile Trading...
Webull launches brokerage services in Canada
Webull Corporation, the owner of the Webull trading platform, today announced the launch of brokerage services in Canada. Through licensed financial services trading firm Webull Securities (Canada) Ltd., Canadian residents will be able to trade both Canadian- and...
3 Potential Monster Movers :: InvestMacro
Global financial markets are set to be influenced by a cocktail of themes in the new year.An anticipated pivot by the Federal Reserve to rate cuts, geopolitical risks and the US elections among other factors could translate to heightened volatility!Here are 3 assets...
CoinShares announces changes to Exec Management Committee
CoinShares International Limited, an alternative asset manager specialising in digital assets, has announced changes in the composition of the Executive Management Committee. Lewis Fellas, Head of CoinShares Hedge Fund Solutions, has been appointed as a member of the...
The geopolitical situation in the Middle East is heating up again. Asia’s growth outlook outperformed the Eurozone :: InvestMacro
By JustMarketsAt Friday’s stock market close, the Dow Jones (US30) index decreased by 0.06% (for the week +0.91%, for the year +13.74%), while the S&P500 (US500) index was down 0.28% (for the week +0.33%, for the year +24.73%) on Friday. The NASDAQ Technology...
HSBC closes sale of its retail banking business in France to CCF
HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France to CCF, a subsidiary of My Money Group. All necessary regulatory approvals were obtained and the transaction completed on 1 January 2024. Commenting on the transaction, Noel...
CQG adds new Time and Sales Options widget to CQG Desktop platform
CQG, a provider of high-performance technology solutions for traders, brokers, commercial hedgers and exchanges, has updated CQG One and CQG Desktop. The enhancements in CQG One & CQG Desktop Version 8.11 include: General Added new linking mode so some widgets can...
Exclusive: Adam Collins named EMEA Head of FX Sales at LSEG FX
FNG Exclusive… FNG has learned that London Stock Exchange Group plc (LON:LSEG) has named Adam Collins as EMEA Head of FX Sales at its LSEG FX unit. Adam Collins joined LSEG via its 2021 acquisition of Refinitiv, where he was Head of Sales – FX Solutions Europe. Before...