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Shortly after posting its financial report for the third quarter of 2021, Robinhood Markets Inc (NASDAQ:HOOD) has filed its 10-Q report with the Securities and Exchange Commission (SEC). On top of details about its financial performance for the three months to the end of September 2021, Robinhood provided some updates on litigation and regulatory matters…

Read More “Robinhood accrues $33.1M in legal and regulatory contingencies at end of Q3 2021” »

This week’s news saw a very heavy dose of financial and operating results from a number of known names in the Retail FX industry, and highlighted the haves and have-nots dichotomy which has developed in the sector as overall volumes and broker revenues remain strong. There were also a number of executive moves involving IG,…

Read More “FX week in review: Results from XTB, ADSS, Robinhood, Plus500; Bundesliga sponsor deal” »

The trial of former JPMorgan traders Gregg Smith, Michael Nowak, Christopher Jordan, and Jeffrey Ruffo, was recently postponed, but the preparations for it are in full force as indicated by disputes among the defendants and the Department of Justice (DOJ) over testimony. The case is about an alleged commodities-spoofing conspiracy perpetrated by the precious-metals traders….

Read More “DOJ wants testimony of Prof Jerry Markham excluded from spoofing case” »

CME Group has published a notice of disciplinary action against Bank of America NA in relation to alleged violations of CBOT rules. Pursuant to an offer of settlement in which Bank of America NA neither admitted nor denied the Rule violations or factual findings upon which the penalty is based, a Panel of the Chicago…

Read More “CME fines Bank of America for violation of wash trades prohibition” »

Online trading company Monex Group, Inc. (TYO:8698), with presence in Japan, Hong Kong, Australia and the United States, today posted its financial report for the quarter to end-September 2021. The document includes important information on the business strategy of the Group. Monex explains that its US business – TradeStation, has expanded its customer base through…

Read More “Monex confirms TradeStation prepares to raise capital in the US” »

FNG Exclusive… FNG has learned via regulatory filings that UK investment management firm Schroders has sold down the vast majority of its holdings of online gaming and forex company Playtech (LON:PTEC). Schroders plc (LON:SDR), via its Schroder Investment Management unit, has been one of Playtech’s largest institutional shareholders, holding 10.8 million shares (about 3.5% of…

Read More “Exclusive: Schroders sells Playtech holdings ahead of shareholder vote on sale” »

Euroclear group, a provider of post trade services for the financial industry, today provided a business and financial update for the third quarter of 2021. Q3 YTD 2021 operating income rose 9% year-on-year to EUR 1156 million as strong Business Income growth offset lower Banking and Other Income. Business Income rose 14% to EUR 1089…

Read More “Euroclear posts 11% Y/Y rise in net profit in Q3 2021” »

CMC Markets Plc (LON:CMCX), a major provider of online trading and institutional technology solutions, today reported transactions in its shares by senior managers. Euan William Marshall, Chief Financial Officer of CMC Markets, purchased 1072 ordinary shares at a price of 285p by way of Dividend Reinvestment (DRIP) within vested share trust account. David John Fineberg,…

Read More “CMC Markets CFO, Deputy CEO purchase shares under dividend reinvestment plan” »

Swiss interdealer broker Compagnie Financière Tradition today provided a trading update for the third quarter of 2021. In the context of normalization of activity and after a decrease in the first semester 2021 compared to the exceptional volumes observed in the early stages of the health crisis, activity in the third quarter was up compared…

Read More “Compagnie Financière Tradition reports rise in revenues in Q3 2021” »

Retail FX and CFD broker Plus500 Ltd (LON:PLUS) today provided an update on the voting outcome at its Annual General Meeting (AGM) held on 4 May 2021, in line with best practice governance and disclosure standards. At the AGM, two of the resolutions which were passed had more than 20% of votes cast against them….

Read More “Plus500 updates on resolutions that faced significant opposition at AGM” »