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Eurex Clearing has enhanced the C7 platform with a new securities clearing service. The C7 clearing platform was designed to meet a changing regulatory environment. It offers the scalability and flexibility needed to meet evolving product opportunities and high-volume demand. With the update to C7 SCS, Eurex Clearing AG (ECAG) migrates the clearing of equities…

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Bank of America Corp (NYSE:BAC) has just reported its financial metrics for the third quarter of 2021, with the Global Markets segment delivering a solid set of results. Global Markets net income increased $68 million to $926 million, with revenues growing modestly faster than expenses. The result was better than in the preceding quarter. Excluding…

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FNG Exclusive… FNG has learned that Nandik Barbhaiya has left his position as CMO of London based, FCA regulated CFDs broker ETX Capital. Nandik Barbhaiya was one of the very first outside hires made a year ago by ETX, as was also exclusively reported at the time by FNG, following the company’s acquisition by Switzerland…

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Retail FX and CFDs broker eToro has filed the financial statements for 2020 at its FCA licensed UK arm eToro (UK) Limited, which more than anything gives a good glimpse at the rapid rise of eToro over the past few years and the relative importance of eToro’s UK arm in the grand scheme of things…

Read More “eToro UK sees 2020 Revenues of $42M, 7% of company total” »

CMC Markets Plc (LON:CMCX), a leading provider of online trading and institutional platform technology solutions, today announced that following the conclusion of a formal tender process led by the Group’s Audit Committee, the Board has approved the proposed appointment of Deloitte LLP as its auditor for the year ending 31 March 2023. This appointment is…

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Yakov Cohen, one of the founders of Israel-based Yukom Communications, a company at the heart of a fraudulent binary options scheme, is seeking to stay an action brought by the United States Commodity Futures Trading Commission (CFTC). On October 13, 2021, Cohen filed a motion to stay in the Illinois Northern District Court. The document,…

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A criminal case targeting a binary options scam involving a number of entities continues at the Maryland District Court. The list of defendants in this case includes individuals such as Yosef Herzog. According to the latest Court filings, one of the defendants in this case – Elad Bigelman, has admitted his guilt. Elad Bigelman, also…

Read More “BigOption brand manager pleads guilty to wire fraud conspiracy” »

North American Derivatives Exchange (Nadex), a part of IG Group Holdings plc (LON:IGG), has taken a disciplinary action against Shuk Hung for violation of several of the rules of the Exchange. During the course of its investigation, the Compliance Department analyzed the order and trading activity throughout the life of Hung’s Nadex account. Through this…

Read More “Nadex bans trader for engaging in manipulative scheme” »

Japanese online trading company Monex, Inc, a subsidiary of Monex Group, Inc (TYO:8698), will officially launch wealth management services on Monday, October 18, 2021(tentative), under the newly established Private Wealth Department. Monex has been offering in-person consultation to its customers through independent financial advisors (IFA). In this way, Monex’s extensive product line-up as well as…

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Leading Forex and CFD broker IC Markets has announced that it has  added five new cryptocurrencies to its market leading offering. The new additions are in response to a surge in demand from investors trading cryptocurrency CFDs on the IC Markets platform. From 15th October, IC Markets will be offering digital currency CFDs on Binance…

Read More “IC Markets boosts crypto offering with 5 new products including Cardano and Tezos” »