Cboe Global Markets (Cboe:CBOE) has announced that its institutional foreign exchange unit Cboe FX Markets is launching a hosted algo execution service, in collaboration with leading electronic liquidity provider XTX Markets, the largest market maker in Spot FX. This service will help enable Cboe FX participants to access the XTX Markets Execution Algo (‘XTX Algo’),…
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The Western Union Company (NYSE:WU), a global leader in cross-border, cross-currency money movement and payments, today announced the appointment of Gabriella Fitzgerald as President, Americas Region. Ms Fitzgerald will lead Western Union’s business in the region, driving the company’s market development and growth across all products, channels and customer segments. She will join the Executive…
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Australia based Retail FX broker Vantage FX has announced the appointment of Eoh You Loong as Regional Strategy Director, as part of its continued expansion in APAC. Eoh You Loong has 15 years of experience leading sales for brokerage firms. He joins Vantage FX from CGS-CIMB Securities in Singapore, where he was Director focusing on…
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The United States Commodity Futures Trading Commission (CFTC) today announced the filing of an enforcement action in the U.S. District Court for the Northern District of Texas, charging defendants Rudy Avila and six U.S. and Costa Rican companies with fraudulent solicitation to trade in commodity futures, options on commodity futures, and retail off-exchange Forex, misappropriation…
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FNG Exclusive… FNG has learned that CySEC licensed Retail FX and CFDs broker Skilling has launched CFD trading on Fan Tokens. In a social media post, Skilling CEO Michael Kamerman noted that its offering is a first for the CFD trading industry. Fan Tokens are a type of cryptocurrency, specifically a type of non-fungible token…
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CME Group has posted a notice of summary action as to Citigroup Global Markets, Inc. Citi will have to pay a small fine for violations of block trade rules. The rules in question state: 526.F. BLOCK TRADES Unless otherwise agreed to by the principal counterparties to the block trade, the seller, or, in the case…
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Moscow Exchange, or Moskovskaya Birzha MMVB-RTS PAO (MCX:MOEX), announces that, effective September 27, 2021, after-hours trading in bonds will become available on MOEX. Investors will be able to trade federal government bonds (OFZ) and Eurobonds from 19:00 to 23:50 MSK. As a result, the Bond Market will be open for trading for 13 hours and 40…
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North American Derivatives Exchange (Nadex), a part of IG Group Holdings plc (LON:IGG), has published a notice of disciplinary action as to Hsinchi Wu for violations of Nadex rules. On September 27, 2019, the Compliance Department sent Hsinchi Wu an Account Inquiry letter requesting, among other things, general background information, prior trading experience, and details…
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The Monetary Authority of Singapore (MAS) and the Reserve Bank of India today announced plans to link Singapore’s PayNow and India’s Unified Payments Interface (UPI) real-time payment systems by July 2022. The PayNow-UPI linkage will enable users to make instant, low cost fund transfers directly from one bank account to another between Singapore and India….
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Equiti Capital UK Limited has announced that it has appointed its Chief Financial Officer, Sheetal Chouhan, to its Board of Directors with immediate effect. Sheetal Chouhan has held the role of Chief Financial Officer for Equiti Capital UK Limited since October 2018. She has over 15 years of experience in the financial services industry and…
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