As the DAX index is set for some reforms later this month, clients of online trading major IG are poised to see only a marginal change. According to a post by the IG Community team, in line with the pending changes to the index, on the IG platform, the Germany 30 will be renamed the…
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Online trading major Interactive Brokers is expanding its offering of trading instruments. Now, clients of the broker can trade popular cryptocurriencies like BTC (Bitcoin), ETH (Ethereum), LTC (Litecoin), and BCH (Bitcoin Cash) from the TWS platform or via the IBKR mobile app. Cryptocurrency trading is made available via Paxos Trust. This feature is currently in…
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The UK Financial Conduct Authority (FCA) today published a Consultation Paper outlining proposed additional changes to its Handbook related to the new cancellation and variation power. To reduce the risk of harm to consumers, only firms that continue to carry on FCA-regulated activities should generally remain FCA-authorised and appear as so authorised on its public Financial…
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Cloud-based order and execution management system (OEMS) and portfolio management system (PMS) provider TORA has announced a significant expansion of their UK presence, with a London office and new hires Peter Rank and Chris Hopton. Peter Rank (pictured above) has been brought on as Sales Manager, Europe and Chris Hopton as a Professional Services Manager….
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Copenhagen based Retail FX and CFDs broker Saxo Bank has released its client trading volumes for the month of August 2021, with the company reporting its slowest month for its core FX pairs product since at least 2015. (Saxo has data dating back to 2016 available). Saxo’s $96.8 billion of FX trading volumes in August…
Read More “Saxo Bank FX volumes drop below $100B for first time in 5+ years” »
The United States Securities and Exchange Commission (SEC) on Wednesday charged Rivetz Corp., Rivetz International SEZC, and Steven K. Sprague, the President of Rivetz and CEO of Rivetz International, with conducting an illegal, unregistered offering of securities through an initial coin offering. According to the SEC’s complaint, between July and September 2017, the defendants offered…
The Financial Industry Regulatory Authority (FINRA) has imposed a fine of $175,000 on Santander Investment Securities Inc. (SIS) over deficiencies in research reports. Between January 2016 and August 2019, all equity and debt research reports published by SIS omitted required disclosures or included inaccurate disclosures. All 411 equity research reports SIS published and distributed to…
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In response to rapidly growing institutional interest in publicly-traded digital assets, Standard Chartered’s Global Research team has initiated coverage of crypto assets with in-depth reports on Bitcoin (BTC) and Ethereum (ETH). The crypto research team is led by Geoff Kendrick, who also heads emerging markets FX (West), and includes quantitative strategist Melissa Chan and Europe…
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The Department of Justice (DOJ) announces that Michael Ackerman, who orchestrated a multimillion-dollar cryptocurrency investment scheme, pleaded guilty to wire fraud today before United States Chief District Judge Laura Taylor Swain. As FX News Group has reported, Ackerman and the DOJ had been discussing resolution of the proceedings. Ackerman admitted to causing victim losses of…
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FNG Exclusive… FNG has learned that FCA licensed Retail FX and CFDs broker Tickmill has hired Derek Wilks as its new CFO. Mr. Wilks’ hiring effectively replaces the role that was filled by Mukid Chowdhury, who left Tickmill earlier this year to become CEO of Trading 212, as was also exclusively reported by FNG. Derek…
Read More “Exclusive: Tickmill hires Sunrise/BGC exec Derek Wilks as CFO” »
