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A multi-district litigation targeting dozens of brokers, hedge funds and clearinghouses, continues at the Florida Southern District Court, with Citadel Securities – a defendant in the antitrust tranche of the lawsuit, fighting conspiracy accusations. On October 26, 2021, Citadel filed a notice of supplemental authority with the Court. The document, seen by FX News Group,…

Read More “Citadel leans on SEC report in short squeeze trading lawsuit” »

Deutsche Bank AG (ETR:DBK) today reported its financial results for the third quarter of 2021. Fixed Income & Currency (FIC) Sales & Trading net revenues amounted to €1.6 billion, down 12% year on year. The result was also weaker than in the preceding quarter. Strong growth in Financing revenues was more than offset by year…

Read More “Deutsche Bank registers drop in FIC Sales & Trading revenues in Q3 2021” »

Crypto trading giveth, and crypto trading taketh away. After having its first half 2021 results powered by heady crypto trading volumes, online broker Robinhood (NASDAQ:HOOD) reported somewhat disappointing numbers for Q3-2021. The company’s shares, which had already drifted down by more than 10% since the beginning of September, reacted by losing about 8.5% of their…

Read More “Robinhood shares drop 8.5% as Q3 crypto trading volumes fall” »

FNG Exclusive… FNG has learned that leading Australia based Retail FX and CFDs broker IC Markets has inked a deal to sponsor six leading Bundesliga clubs, as part of a major move into European football. The transactions were brokered by France based sports marketing agency Sportfive. The agreement will see IC Markets become a sponsor…

Read More “Exclusive: IC Markets signs sponsor deal with six Bundesliga clubs” »

Leading technology company Microsoft has expanded its global payments relationship with Worldpay from FIS (NYSE:FIS). Worldpay will provide online credit and debit card processing for Microsoft online store fronts including Xbox, Microsoft Advertising, Microsoft Azure and other Microsoft brands in the Americas, Europe and Asia Pacific. Microsoft has been working with Worldpay in Latin America…

Read More “Microsoft expands global payments relationship with Worldpay from FIS” »

Barchart, a provider of market data and trading technology to active traders and investors, announces the launch of Barchart for Excel. Barchart for Excel is a Microsoft Exce add-in that allows users to access extensive sets of price, technical, and fundamental market data across stocks, options, futures, currencies and crypto inside the flexible and powerful…

Read More “Barchart launches Excel service” »

North American Derivatives Exchange (Nadex), a part of IG Group Holdings plc (LON:IGG), has released an interactive quiz  allowing traders of all experience levels to discover their trading style. Nadex explains that each trader is unique and various trading styles fit different characters. The new personality quiz from Nadex aims to determine what trading style…

Read More “Nadex releases quiz for discovery of personal trading style” »

Retail FX broker and currency data and analytics company OANDA has announced the appointment of Lisa Shemie as General Counsel and Corporate Secretary. Responsible for overseeing the firm’s legal function worldwide, Shemie will also sit on the executive committee from her base in New York. An accomplished financial services lawyer with more than 20 years…

Read More “OANDA hires Cboe lawyer Lisa Shemie as General Counsel” »

Japanese online trading Monex Group, Inc (TYO:8698) has announced its plans concerning Tokyo Stock Exchange’s new market segments. Monex says that it received the results of the initial assessment of its compliance with the listing standards of the new market segments from the TSE. The broker is in compliance with the listing standards of the…

Read More “Monex to apply for Prime Market listing on Tokyo Stock Exchange” »

FNG Exclusive… During a year which saw many of its competitors report record trading volumes, revenues and profits, ADS Securities London Limited – the FCA regulated UK arm of UAE-based FX broker ADSS – went in the opposite direction. FNG has learned via regulatory filings that ADSS UK saw a 38% decline in Revenues in…

Read More “Exclusive: ADSS UK Revenues down 38% in 2020 amid management turnover” »