Who bought FX trading analytics company FairXchange? Which longtime Advanced Markets executive resigned, and is leaving the FX industry? Which senior executives are the latest to leave UK broker Capital Index? Why did NAGA.com operator NAGA Group AG say that it was terminating relationships with UK clients? Answers to these questions. and a whole lot…
Exchange services group Aquis Exchange plc (LON:AQX) announced the appointment of Glenn Collinson as Chair of Aquis Exchange. The appointment is effective 1 January 2022. In this role, Mr Collinson will succeed Niki Beattie who steps down from the Board after nine years, having joined Aquis Exchange as its first Chair in January 2013. Mr…
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Electronic trading major IG is compensating its clients who have been affected by a complex instrument issue. Some owners of non-leveraged accounts traded one (or more) complex products where it may not have been appropriate for them. Where that is the case, IG should have provided the traders with a risk warning before allowing them…
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The UK Financial Conduct Authority (FCA) has issued a supervisory notice as to Frensham Wealth Limited. The regulator explains that it has decided to vary the permission granted to Frensham Wealth Limited pursuant to Part 4A of the Act, by removing all regulated activities from the firm with immediate effect. Accordingly, the Firm’s Part 4A…
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The Hong Kong Securities and Futures Commission (SFC) has issued restriction notices to Emperor Securities Limited and Get Nice Securities Limited, prohibiting them from dealing with or processing certain assets held in 17 trading accounts which are related to a suspected social media ramp-and-dump scam. The scam was involved in the manipulation of the market…
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Italy’s Companies and Exchange Commission (CONSOB) today confirmed that the number of unauthorized investment websites blocked in Italy has exceeded 550. The latest set of blocking orders issued by the regulator target five new websites that abusively offer financial services. The list includes: Vibeinv Invest Limited (website www.vibeinv24.com); Prim Global Reach Ltd – Primeatrade Limited…
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Effective January 9, 2022, Cboe Futures Exchange, LLC (CFE) will enable the submission and acceptance of Block and Exchange of Contract for Related Position (ECRP) trade notifications via a new API service called Block/ECRP Trade Reporting. This new API will support all existing trade notification entry, acceptance, and rejection functionality currently available in the Block/ECRP…
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The European Commission today welcomed the political agreement reached yesterday between the European Parliament and the Council on the Commission’s proposal for a Regulation on a pilot regime for market infrastructures based on distributed ledger technology (DLT). This is an important part of the Commission’s Digital Finance Strategy, which aims to make Europe’s financial services…
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Social trading focused broker and asset management company Darwinex today announced that it has disabled TRY trading until further notice. This happens amid Turkish lira price swings after the recent interest rate cuts by the Turkish Central Bank. “Because of the uncertainty created by said interest rate cuts, we have taken the decision to disable…
The Authority for the Financial Markets (AFM) of the Netherlands today issued a warning regarding Grinta Invest. The reason for the warning is that clients of the brokerage, which lacks a license, have not been able to access their accounts and funds for nearly a month. Dutch consumers are offered to trade through Grinta Invest…
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