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The Commodity Futures Trading Commission (CFTC) today announced the U.S. District Court for the Middle District of Florida entered consent orders on March 1 for permanent injunction, monetary sanctions, and equitable relief against Marvin W. Courson III and Christopher A. Kertatos. Previously, the U.S. District Court for the Middle District of Florida had entered an…

Read More “Court orders individuals involved in Alista precious metals scheme to pay over $1.6M” »

FNG Exclusive… FNG has learned that FCA regulated institutional crypto and FX broker GCEX has hired Juan Scarabino as the company’s new Chief Risk Officer (CRO). He will also join the board of parent company GC Exchange Limited. Juan Scarabino spent 11 years at London based Retail FX broker ActivTrades from 2008-2019, serving as Group…

Read More “Exclusive: GCEX hires former ActivTrades and Oval exec Juan Scarabino as CRO” »

Visa (NYSE:V) today announced that Frank Cooper III will join the company as Chief Marketing Officer (CMO) in May 2022. Mr. Cooper will also serve as a member of the company’s Executive Committee and report to Chairman and Chief Executive Officer (CEO), Al Kelly. Mr. Cooper will lead the global marketing organization to drive demand…

Read More “Visa appoints Frank Cooper III as Global CMO” »

Electronic trading major IG Group Holdings plc (LON:IGG) announces the completion of the sale of the North American Derivatives Exchange, Inc. (Nadex) and the 39% stake the Group holds in Small Exchange, Inc to Foris DAX Markets, Inc. (part of the group of companies trading as “crypto.com”) for $216 million. The cash transaction represents a…

Read More “IG Group closes sale of Nadex and Small Exchange” »

CMC Markets Plc (LON:CMCX), a leading provider of online trading and institutional platform technology solutions, announces its intention to launch a share buyback program. In light of the company’s robust capital position and having considered the ongoing investment in the business, the Board has decided to return excess capital to shareholders via the repurchase of…

Read More “CMC Markets plans £30 million share buyback program” »

The Commodity Futures Trading Commission (CFTC) has secured entries of default against four defendants in a lawsuit targeting fraudulent Forex scheme ROFX and the entities associated with it. The Court Clerk has issued an order for an entry of default as to (1) Borys Konovalenko, (2) Easy Com LLC , (3) Global E-Advantages LLC a/k/a…

Read More “CFTC secures entries of default in lawsuit against ROFX” »

London based Prime-of-Prime brokerage IS Prime, part of the ISAM Capital Markets Group, has released details of its Fiscal 2021 financial results, reporting Revenues of £37.9 million for the year ended June 30, 2021 (up from £36.1 million in its previous fiscal year end in March 2020), and significant investments to pave the way for future…

Read More “IS Prime reports Revenues of £37.9 million and £10.1 million Operating Profit in 2021” »

Forex broker tech solutions provider Tools For Brokers (T4B) has announced the release of the new version of its Trade Processor liquidity bridge. The latest edition features the introduction of synthetic instruments, as well as improvements in automation and several technical enhancements. The release’s main feature is the support of synthetic instruments – the kind…

Read More “Tools for Brokers adds synthetic instruments to Trade Processor liquidity bridge” »

International derivatives marketplace CME Group today announced that it plans to launch options on Micro Bitcoin and Micro Ether futures on March 28, pending regulatory review. The new Micro Bitcoin and Micro Ether options contracts will be one-tenth of their respective underlying tokens in size and will offer a wide range of market participants –…

Read More “CME Group to launch Micro-Sized Bitcoin and Ether Options” »

FNG Exclusive… Following our exclusive report from November 2021 that longtime Capital Index executive and COO Heiko Mueller had left the company amidst a full turnover in senior management, FNG has learned that Mr. Mueller has now joined Andrey Dashin’s Retail FX brokerage group Exinity. Based in London, Heiko Mueller will be Exinity Senior Vice…

Read More “Exclusive: Former Capital Index COO Heiko Mueller joins Exinity” »