The Cyprus Securities and Exchange Commission (CySEC) today issued a warning regarding several unregulated investment entities, including firms offering Forex trading services without having the license to do so. The following websites do not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment…
Shares of leading UK online brokerage CMC Markets (LON:CMCX) slid by 27% on Thursday, after the company reported what was obviously a disappointing outlook for its FY2022 fiscal year, which will end on March 31, 2022. Five months in to its fiscal year CMC said that it expects revenues of between £250-280 million for FY2022,…
Read More “CMC Markets shares down 27% after FY2022 revenue forecast cut” »
Singapore Exchange (SGX) today announced new rules that enable Special Purpose Acquisition Companies (SPACs) to list on its Mainboard effective 3 September 2021. “SGX’s SPAC framework will give companies an alternative capital fund raising route with greater certainty on price and execution. We want the SPAC process to result in good target companies listed on…
Retail FX broker eToro, which is on track to go public at a $10 billion valuation via a SPAC merger later this year, has announced the appointment of Lule Demmissie to the role of US CEO. In the role, Lule Demmissie will be in charge of creating a strategic business vision for the social trading focused eToro’s entire…
Read More “eToro hires Ally exec Lule Demmissie as US CEO, launches NFT arm” »
The United States Commodity Futures Trading Commission (CFTC) announced today that it commenced a registration action against Ted Brent Alexander of Jackson, Mississippi. The CFTC action is based on a federal criminal indictment charging Alexander with six felony counts of securities and commodities fraud, conspiracy, and wire fraud. Alexander has been registered with the CFTC…
Read More “CFTC seeks to suspend registration of Mississippi CTA due to criminal charges” »
CLS announces it is launching two new datasets to capture outstanding forward and swap positions in the FX market, in addition to making enhancements to its existing suite of alternative FX data products – CLSMarketData. The new FX outright forward outstanding and FX swap outstanding datasets enable users to improve their analysis of both short-…
Euroclear France, Euroclear Belgium and Euroclear Nederland announce the appointment of Guillaume Eliet as Chief Executive Officer. Since 2017, Mr Eliet has been head of Regulatory, Compliance and Public Affairs, for Euroclear group. Prior to joining Euroclear he worked at the French Stock Market Authority, the Autorité des marchés financiers (AMF) where he was the…
Read More “Euroclear ESES CSDs appoint Guillaume Eliet as CEO” »
Citibank, which is currently appealing from a District Court ruling against it in a $900 million payment error case, has got backing from Robert L. Clarke, a former United States Comptroller of the Currency. Mr Clarke has submitted an Amicus Curiae (that is, a Friend to the Court) letter at the Second Circuit Court of…
Read More “Former US Comptroller of the Currency stands by Citi in payment error case” »
UK online broker CMC Markets Plc (LON:CMCX) has revised its forecast for FY 2022 net operating income. This becomes clear from a trading update published by the broker earlier today. The latest trading update covers the five months ending 31 August 2021. CMC notes it entered the current financial year with significant momentum following a…
Read More “CMC Markets expects FY 2022 net operating income of £250-280M” »
Hong Kong Exchanges and Clearing Limited (HKEX) today announced the appointment of John Buckley as Head of Exchange Operations and Transformation. In this new role, Mr Buckley will be responsible for all of HKEX’s exchange operations, and will lead the strategic development and transformation of this part of its business. He will also lead efforts…
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