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NFT Investments (AQSE:NFT) has entered into a non-binding letter of intent (LOI) for the acquisition of Pluto Digital PLC, a crypto technology and venture company, for a consideration of £96 million. The acquisition, which is conditional on shareholder approval, will create a significant global metaverse company and advance NFT’s investments in the non-fungible tokens sector…

Read More “NFT Investments plans £96M acquisition of Pluto Digital” »

The directors of Robinhood Markets face a derivative lawsuit over their alleged misconduct which caused damage to the company and its investors. The lawsuit was brought by Robert Zito, a stockholder of Robinhood. The complaint, seen by FX News Group, is for the benefit of nominal defendant Robinhood Markets, Inc., and is against Robinhood’s Board…

Read More “Investors accuse Robinhood CEO Vlad Tenev of unjust enrichment” »

JKO Play Limited, the acquisition entity set up by former Formula 1 owner Eddie Jordan and ex Ladbrokes executive Keith O’Loughlin, has issued a brief statement that it is does not intend to make an offer for Playtech (LON:PTEC). The Eddie Jordan group emerged as a potential bidder for online gaming and financial services company…

Read More “Eddie Jordan group withdraws from Playtech acquisition race” »

Shares of online gaming tech and financial services company Playtech plc (LON:PTEC) traded down by 26% on Friday, after news broke that a competing bid for the company from JKO Play was not going to happen. Before markets opened on Friday, JKO Play – set up by former Formula 1 owner Eddie Jordan and ex…

Read More “Playtech share price dives 26% after Eddie Jordan group withdraws” »

TradingView has enabled instant synchronization of drawing objects. This new functionality will be useful for those working in multiple browser tabs at once, on multiple devices, or in a browser and desktop app at the same time. Now traders don’t need to reload charts to see changes made elsewhere. With the new ability to instantly sync…

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StoneX Group Inc (NASDAQ:SNEX) has published detailed compensation data concerning its top management, including Glenn Stevens, the former CEO of online trading company GAIN Capital, which was acquired by StoneX in the summer of 2020. Mr Stevens, who joined StoneX as Head of Retail and Foreign Exchange on August 1, 2020, earned a bonus of…

Read More “StoneX Head of Retail and FX Glenn Stevens earns $1.17M performance bonus in 2021” »

About a month after the Department of Justice (DOJ) urged the United States Court of Appeals for the Seventh Circuit to uphold the wire fraud convictions of James Vorley and Cedric Chanu, the former Deutsche Bank traders have responded to the DOJ’s brief. The document, filed by Vorley and Chanu on January 21, 2022, uses…

Read More “Former Deutsche Bank traders seek to overturn wire fraud convictions” »

While last week was all about FX broker acquisitions and financial results, this week was capital raising, regulator action and executive moves. What does CySEC-licensed Retail FX broker Skilling plan to do with the fresh €10 million in capital it just raised? Why did the FCA start to take action against some EU licensed brokers…

Read More “FX week in review: Skilling raises €10M, FCA actions on EU brokers and ads, Capex.com-XTB exec swap” »

On Sunday, May 1, 2022 to support increased client demand for cryptocurrency futures and options products, CME Group will launch two new dedicated cryptocurrency market data channels on CME Globex. In conjunction with the cryptocurrency channel migration the market segment ID will update for MDP 3.0, MSGW iLink and MSGW Drop Copy. This update will…

Read More “CME Group to launch two new dedicated cryptocurrency market data channels” »

The United States Financial Industry Regulatory Authority (FINRA) announces that it has imposed a $9 million fine on Credit Suisse Securities for failing to comply with securities laws and rules designed to protect investors, including the Securities and Exchange Commission’s Customer Protection Rule and FINRA rules requiring firms to disclose potential conflicts of interest when…

Read More “FINRA imposes $9 million fine on Credit Suisse Securities for operational failures” »