FNG Exclusive… FNG has learned that UK/Bulgaria based online broker Trading 212 has hired George Mantilas as the company’s new Chief Operating Officer. He has also been added to the board of the group’s London based, FCA regulated entity Trading 212 UK Limited. George Mantilas had worked together with recently hired Trading 212 CEO Mukid…
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MQL5.community, which brings together millions of traders and trading robot developers from all over the world, has become available in three more localized versions: French, Italian, and Turkish. MetaQuotes notes that it is committed to making its services and applications accessible to people speaking different languages. In addition to the eight available languages, French, Italian,…
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Cboe has issued an additional warning regarding entities that abuse its name, data and solid reputation. Let’s recall that, in September, Cboe published a notice to inform the public that Cboe is NOT affiliated with CboeX and could not provide any information regarding the legitimacy of its website or its mobile application. Cboe recently learned…
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About six months after the United States Securities and Exchange Commission (SEC) launched an action against Spot Option and its owners Malhaz Pinhas Patarkazishvili (Pini Peter) and Ran Amiran, the regulator is seeking an entry of default against the defendants. This becomes clear from documents filed with the Nevada District Court on October 15, 2021…
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Shortly after Chief Judge Cecilia M. Altonaga of the Florida Southern District Court denied Robinhood’s motion to dismiss a complaint concerning the January short squeeze, the company has revived the motion. On October 15, 2021, Robinhood Markets, Inc., Robinhood Financial LLC and Robinhood Securities, LLC submitted a memorandum of law in support of their Motion…
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Global Retail FX and CFDs broker Exness posted its second best ever month in terms of client trading volumes in September 2021, with activity coming in at a whopping $947 billion – up 7.7% over August’s $879 billion, just shy of Exness’ all-time best of $974.5 billion set in July 2021. For the first three…
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What drove NAGA Group’s record revenue and profit figures in Q3? At what valuation is US online broker TradeZero going public, via a SPAC merger? Who’s in, and who’s out, as CMO of FCA regulated CFDs broker ETX Capital? Which online trading platform raised $298 million, at a $3 billion valuation? Answers to these questions…
Read More “FX week in review: NAGA record revenues, TradeZero SPAC, ETX replaces CMO” »
Australia financial regulator ASIC, as it recently hinted it would, has announced that it is proposing to extend the “temporary” CFD brokerage and trading rules in Australia to 2031, effectively making them permanent. ASIC announced the new rules in October 2020 as a temporary measure, with its product intervention order set to expire on 23…
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Charles Randell has asked the Chancellor of the Exchequer to commence the process to appoint his successor as Chair of the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR). Mr Randell plans to step down in Spring 2022. The Chancellor of the Exchequer, Rishi Sunak, commented: ‘I want to thank Charles Randell for his…
Digital token exchange Bitfinex has announced that it has consolidated its position as the preeminent hub for institutional investors in the bitcoin space after doubling the exchange’s server capacity. Bitfinex has increased the volume of heavy duty servers at its Zug-based data centre amid surging demand to trade digital tokens among hedge funds, institutional investors…
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