Poland based Retail FX and CFDs brokerage group XTB has just reported its financial results for Q2, including a loss of PLN 23.9 million (USD $6 million) for the quarter after revenues dropped by 70% (!!) QoQ, coming in at PLN 55.2 million (USD $15 million) versus PLN 186.7 million in Q1. As a result,…
Read More “XTB shares plummet 25% after posting $6M Q2 loss, 70% revenue drop” »
UK direct-to-investor investment and online trading firm Hargreaves Lansdown PLC (LON:HL) today announces Board changes. Philip Johnson
FNG Exclusive.. FNG has learned that ATFX UK (or more formally AT Global Markets UK Limited), the FCA regulated arm of Chinese controlled retail FX broker ATFX, posted a loss of £766,416 for the fiscal year ended October 31, 2020. The principal activity of the company is the provision of online trading facilities in Forex…
SC Ventures, the ventures and innovation arm of Standard Chartered, and Northern Trust, a leading asset servicing provider, announced today that Zodia Custody is now registered with the Financial Conduct Authority (FCA). The registration means that Zodia Custody is now providing commercial services to clients as a cryptoasset business. Zodia Custody, an institutional grade cryptoasset…
Read More “Cryptoasset business Zodia Custody receives FCA registration” »
Credit Suisse Group AG today published the report based on the independent external investigation into Archegos Capital Management, which was commissioned by the Board of Directors and supervised by a special committee of the Board. Over the past months, at the direction of the Board of Directors, Paul, Weiss, Rifkind, Wharton & Garrison LLP and…
Read More “Investigation into Archegos finds risk management failure at Credit Suisse” »
CLS, a financial market infrastructure delivering settlement, processing and data solutions across the global FX ecosystem, and IHS Markit, a world leader in critical information, analytics and solutions, today announced that HSBC has joined the cross-currency swaps service. There are now nine settlement members live on the service, including some of the world’s largest banks….
Read More “HSBC joins CLS and IHS Markit cross-currency swaps service” »
The Cyprus Securities and Exchange Commission (CySEC) today announces that the suspension of the authorisation of the Cyprus Investment Firm Depaho Ltd, parent of FXGM, is extended and the company is allowed a two-month period to proceed with the necessary actions in order to comply with the relevant provisions of The Investment Services and Activities…
Read More “CySEC extends suspension of CIF authorization of FXGM parent” »
CME Group Inc. (NASDAQ:CME) today reported financial results for the second quarter of 2021. The company reported revenue of $1.2 billion and operating income of $675 million for the second quarter of 2021. Net income was $510 million and diluted earnings per share were $1.42. This compares with net income of $503.3 million registered in…
Read More “CME Group registers rise in net income in Q2 2021” »
The United States Securities and Exchange Commission (SEC) today filed a complaint against Joshua Louis Rupp, charging him with securities fraud. The complaint, submitted at the Michigan Western District Court, alleges that, from January 2018 through July 2019, Rupp engaged in a fraudulent investment scheme that included misstatements, false documents and misappropriation of investor funds….
Read More “SEC goes after trader who orchestrated $2.2M fraudulent scheme” »
FNG Exclusive… FNG has learned that UAE based Retail FX and CFDs broker ADSS (formerly known as ADS Securities) has lost two of its most senior executives. Paul Webb (pictured above), CEO of the company’s London based, FCA regulated operation ADSS UK (or more formally ADS Securities London Limited) since 2016 has departed his role…
Read More “Exclusive: ADSS sees departure of UK CEO Paul Webb, CFO Trevor Beagrie” »
