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The UK Financial Conduct Authority (FCA) today provided an update regarding London Capital & Finance (LCF) complaints. The FCA standard approach to complaints is that any complaint about the FCA should be made within 12 months of the date on which the complainant first became aware of the circumstances giving rise to their complaint. Therefore,…

Read More “FCA to accept London Capital & Finance complaints until March 17, 2022” »

The United States Financial Industry Regulatory Authority (FINRA) has accepted an offer of settlement submitted by Jefferies LLC. According to the offer, Jefferies agrees to a censure and a fine of $55,000. From August 1, 2018 through October 31, 2018, and June 1, 2019 through November 30, 2019, Jefferies failed to report to TRACE 982…

Read More “FINRA fines Jefferies for late transaction reports” »

According to provisional calculations, the Swiss National Bank (SNB) expects to report a profit of around CHF 26 billion for the 2021 financial year. The profit on foreign currency positions amounted to just under CHF 26 billion. A valuation loss of CHF 0.1 billion was recorded on gold holdings. The net result on Swiss franc…

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Sydney, Australia based online CFDs broker TMGM has announced plans to launch larger event marketing efforts for the AO22 season, as the Official Online Trading Platform of the Australian Open. As one of the most anticipated events of the sporting year arrives, fans are gearing up for a tennis season like no other as they are…

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FNG Exclusive Analysis… Following a banner 2020 year which saw shares of publicly traded Retail FX and CFD brokers soar by more than 200%, things were more muted in 2021, although still generally positive. On average, shares of Retail FX brokers were up by 29% in 2021. However that figure (as stats often can be)…

Read More “Exclusive: Retail FX broker shares up 29% in 2021” »

North American Derivatives Exchange, Inc. (Nadex), which will soon have a new owner, has issued disciplinary notices to 14 traders who have violated the rules of the Exchange by engaging in a manipulative scheme. All of these 14 traders were fined and banned from trading on Nadex Markets. Nasir Mehmood Khan Khan engaged in or…

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Schroders has appointed Tim Goodman to the role of Head of Corporate Governance, where he will focus on further developing Schroders engagement and voting on corporate governance matters globally. Mr Goodman brings with him 29 years of experience across the Environmental, Sustainability and Governance (ESG), as well as the responsible investor and corporate communities sectors…

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As the transition away from LIBOR progresses and the UK Financial Conduct Authority (FCA) has recently announced that publication of 24 LIBOR settings has ended, the FNG team has reviewed how major Forex and CFD broker have acted in response to the changes. In fact, a number of leading online trading companies, such as IG,…

Read More “How major FX and CFD brokers adapt to IBOR transition” »

Intercontinental Exchange, Inc. (NYSE:ICE) today announced that a record 27,876 Micro NYSE FANG+™ Index futures traded on January 4, 2022. David Goone, Chief Strategy Officer at ICE, comments: “2021 was a remarkable year for the U.S. technology sector and there has been a lot of attention on the FAANG stocks and the NYSE FANG+™ Index,…

Read More “ICE marks record MICRO NYSE FANG+ Index futures trading volume” »

Apex Fintech Solutions announced today that it has acquired PDQ Enterprises, the parent company of CODA Markets, Inc., operator of an innovative auction-based alternative trading system (ATS) and smart order router that aims to optimize liquidity aggregation for all market participants. The acquisition of PDQ will enable Apex to expand and evolve its trading and…

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