Dukascopy Bank plans to change the margin requirements and exposure limits on selected instruments as of December 24th 15:00 GMT. The company blames the changes to the trading conditions on the “increased geopolitical tension between Ukraine and Russia”. Dukascopy will change the leverage for USD/RUB and EUR/RUB to 1:5 from 1:10. The maximum exposure limit…
International derivatives marketplace CME Group today announced that Micro Ether futures volume surpassed 100,000 contracts in the new contract’s first two weeks of trading. “Participation in our Micro Ether futures contract has grown rapidly since its launch two weeks ago, and we are encouraged by the strong customer adoption and support thus far,” said Tim…
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Several months after former Deutsche Bank traders Cedric Chanu and James Vorley appealed from their conviction, the Department of Justice (DOJ) filed its response brief in the United States Court of Appeals for the Seventh Circuit. Let’s recall that, according to the indictment, Cedric Chanu and James Vorley manipulated the gold and silver futures market…
Read More “DOJ urges Court to uphold wire fraud convictions of ex-Deutsche Bank traders” »
Why is eToro’s plan to go public being delayed? And what troubles is eToro facing in getting its SPAC merger done? What did (and didn’t) happen in the hack and ransom demand attack against MT4/5 hosting provider PrimeXM? Why is Japan’s (and the world’s) largest Retail FX broker, Z.com, relinquishing its UK FCA license? Who…
Robinhood Markets, Inc is facing another lawsuit – this time for allegedly misleading claims in its IPO registration statement. On December 17, 2021, Philip Golubowski filed a complaint in the California Northern District Court. The complaint, seen by FX News Group, targets Robinhood, its senior management (including Vlad Tenev), as well as the underwriters of…
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In line with earlier announced plans, the United States Commodity Futures Trading Commission (CFTC) has filed a proposed default judgment against Danish Forex fraudster Casper Mikkelsen, operator of investment scheme GNTFX. According to the proposed default judgment, submitted at the New York Southern District Court on December 16, 2021 and seen by FX News Group,…
Read More “CFTC pushes for $3.57 million fine on Danish Forex fraudster” »
CME Group has published a notice of disciplinary action against Robert Leeds. He will have to serve a three-month suspension because he allegedly engaged in disruptive practices that are prohibited on the trading floor. Pursuant to an offer of settlement in which Robert Leeds neither admitted nor denied the rule violation upon which the penalty…
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Afterpay Ltd (ASX:APT), a provider of “Buy Now, Pay Later” services, announces that the scheme of arrangement for its acquisition by Block Inc, formerly known as Square Inc, has become legally effective. Afterpay has lodged with the Australian Securities and Investments Commission (ASIC) the orders made by the Supreme Court of New South Wales approving…
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The UK Financial Conduct Authority (FCA) announces the imposition of a fine of £63,946,800 on HSBC Bank plc for failings in its anti-money laundering (AML) processes. HSBC used automated processes to monitor hundreds of millions of transactions a month to identify possible financial crime. However, the FCA found that three key parts of HSBC’s transaction…
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Electronic trading major Interactive Brokers has made the display of Bid/Ask/Last Size Quotes in its TWS platform more precise. Traders can now use the Presets Divisor and Thresholds to show size quotes in lots, the way these were displayed prior to Build 985 where size quotes were modified to always be displayed in shares. To…
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