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The UK Financial Conduct Authority (FCA) has confirmed that it will be taking forward proposals to create a new type of open-ended authorised investment fund which will help support investment in assets like infrastructure and private equity. Investment in these assets has the potential to generate better returns for investors, including those saving for retirement…

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Japanese online trading services provider GMO Financial Holdings Inc today posted its financial metrics for the first nine months of 2021. Operating revenue for the nine months to September 30, 2021 amounted to JPY 33 billion, up from JPY 27.9 billion in the equivalent period a year earlier. Operating income for the first nine months…

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Online trading and investment specialist Saxo Capital Markets HK Limited announces that it has obtained Type 4 (Advising on securities) and Type 9 (Asset Management) licenses from The Securities and Futures Commission (SFC) of Hong Kong. Saxo Markets can now provide more comprehensive services to help investors fulfill their financial aspirations through its multi-asset trading…

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FNG Exclusive… FNG has learned that longtime HotForex executive Andreas Andreou has returned to the company, as Head of Business Development. Andreas Andreou had been with the CySEC licensed, Limassol based broker for more than six years before abruptly resigning in July. Before originally joining HotForex in 2014 he had also worked at IronFX and…

Read More “Exclusive: Andreas Andreou rejoins HotForex to head Bus Dev” »

Online trading company Plus500 Ltd (LON:PLUS) today issued a trading update for the three months ended 30 September 2021. Revenue in Q3 2021 amounted to $211.4 million, well ahead of pre-pandemic levels. However, the result was lower than a year earlier (Q3 2020: $216.4m). The revenues were driven by the Customer Income, which was $156.9…

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HSBC Holdings plc (LON:HSBA) today posted its financial results for the third quarter of 2021, with Forex revenues staging a drop from the year-ago period. Global Foreign Exchange revenues amounted to $772 million in the third quarter of 2021, down from $842 million a year earlier. For the first nine months of 2021, global FX…

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Gibraltar-based blockchain technology group Valereum Blockchain Plc today announced that it has signed an option to purchase 80% of the Gibraltar Stock Exchange (GSX). The Global Stock Exchange Group, current owner of the GSX, will retain the remaining 20% shareholding and Valereum has an option on 20% of the Global Stock Exchange Group. The full…

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Who stepped up and bought Playtech for £2.1 billion, a 58% premium to its market valuation? And, what does it mean for the pending sale of Playtech’s forex division, Finalto? Which former longtime LCG executive was hired as Trading 212’s new COO? What did ASIC say would happen to the temporary CFD leverage rules that…

Read More “FX week in review: Playtech sold, Trading 212 hires COO, Australia CFD rules” »

The Cyprus Securities and Exchange Commission (CySEC) today announced further extension of the suspension of the authorisation of the Cyprus Investment Firm Depaho Ltd. Depaho, which is the operator of brands such as FXGM, is allowed now until 19 November 2021 to proceed with the necessary actions in order to comply with the relevant provisions of…

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Deutsche Bank today announced that it has completed its first set of live trades on its electronic foreign exchange (e-FX) hub, based in SG1. The e-FX hub, which was developed in partnership with the Monetary Authority of Singapore (MAS), enables Deutsche Bank’s clients to execute FX transactions more closely aligned to geographic location, helping make…

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