Cyprus financial regulator CySEC has announced the issuing of a €40,000 fine to London Capital Group (Cyprus) Ltd, the CySEC-licensed arm of UK based CFDs and spread betting broker LCG (at website lcg.com). The Board of the CySEC wishes to inform the public that, at its meeting held on the 5th April 2021, it decided…
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Saxo Markets, the online trading and investment specialist that connects people to investment opportunities in global capital markets, announces a suite of price reductions designed to provide Australian investors lower costs when trading ASX and US equities. Starting from today, Saxo will lower its minimum commission to AUD 5, down from AUD 6.99 for ASX…
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Euronext has announced that the name of the Portuguese benchmark national index will change from PSI 20 to PSI. The index methodology will also be adjusted in order to improve the liquidity and efficiency of the index and to better meet users’ needs. The adjustments to the PSI index methodology will include determining a minimum…
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Japanese FX, CFD and stock brokerage Rakuten Securities, a subsidiary of Internet services provider Rakuten Inc (TYO:4755), will start providing additional information about US ETFs to its clients from August 15, 2021. The company announces that the enhancements are made in response to customer requests. Users will notice expanded investment information on the individual stock page…
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The Board of Directors of Credit Suisse Group AG is calling an Extraordinary General Meeting (EGM) for October 1, 2021. The EGM will put to a vote proposals for the election of Axel P. Lehmann and Juan Colombas as new non-executive members of the Board. Subject to their elections, the Board intends to appoint Axel…
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FNG Exclusive… FNG has learned that longtime Retail FX industry executive Rob Woolfe has joined the board of CFDs and Financial Spread Betting broker Capital Index, a company he once headed as CEO. Rob Woolfe has been involved in the Retail FX and online trading sector for more than a decade and a half. He…
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Hong Kong Exchanges and Clearing Limited (HKEX) plans to launch physically settled Options on Futures Contracts (OOF) on Hang Seng Index Futures and Hang Seng China Enterprises Index Futures. These new contracts will further enhance HKEX’s derivatives product suite and add to the breadth and depth of Hong Kong’s markets. These new OOF will be…
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TF Global Markets (Aust) Limited and ACG Management Solutions LLC (collectively, “ThinkMarkets”) and James Sorenson, who are embroiled in a trade secrets lawsuit in the United States, have provided a status update to the Illinois Northern District Court. According to the Joint Status Report, filed on August 12, 2021, and seen by FX News Group,…
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With technical development on the core platform now complete, testing and scaling for full operations underway, the SIX Digital Exchange (SDX) awaits regulatory approval and readies itself for growth. As part of this preparation, Tim Grant will stand down and hand over the reins to David Newns, an international capital market expert with a strong…
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Shares of FCA-regulated retail FX and CFDs broker Plus500 traded down by 4.5% on Monday, after the company issued a Q2 Trading Update. Plus500 shares actually fell by about 14% at the open yesterday, before recovering some of the losses. So what had Plus500 shareholders and traders in a knot? Plus500’s Trading Update was in…
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