Category: forex news

National Clearing Centre (NCC), a part of Moscow Exchange Group, has been granted the status of Qualified Derivatives Dealer (QDD) by the United States Internal Revenue Service (IRS). The QDD status will allow Moscow Exchange to facilitate trading in US securities for banks and brokers, as well as on the Money Market. Professional traders will…

Read More “MOEX to streamline trading in international assets thanks to QDD status of NCC” »

Switzerland based neobank FlowBank has announced that Esty Dwek will join the company as Chief Investment Officer (CIO). Her appointment will become effective as of 1 October 2021. Esty Dwek will be responsible for the investment strategy of the online bank and lead its team of analysts. The company added that she will play an…

Read More “FlowBank hires Natixis exec Esty Dwek as CIO” »

Securities Commissioner Travis J. Iles entered an emergency cease and desist order to stop Riek Capital from illegally promoting fraudulent investments in trading programs. The order also accuses the company of engaging in an impersonation scheme – alleging Riek Capital is misappropriating the identity of a registered person and using his credentials to falsely claim…

Read More “Texas Securities Board issues C&D order against Riek Capital” »

OANDA’s efforts to have the alleged patent infringement lawsuit against GAIN Capital, part of StoneX Group, going faster, appear to be bearing a result. On September 15, 2021, Magistrate Judge Douglas E. Arpert of the New Jersey District Court signed an order directing the defendants to serve invalidity and non-infringement contentions with related document production…

Read More “Judge sets deadlines for GAIN Capital in OANDA patent lawsuit” »

International derivatives marketplace CME Group Inc (NASDAQ:CME) has announced that its SOFR futures contracts reached a new record, surpassing one million contracts of open interest on September 15. SOFR futures open interest reached 1,004,882 contracts on September 15th, marking its seventh-consecutive record open interest day. Agha Mirza, CME Group Global Head of Rates and OTC…

Read More “CME Group SOFR futures contracts reach new record” »

The United States Commodity Futures Trading Commission (CFTC) has filed a complaint in the U.S. District Court for the District of Hawaii against Gregory Demetrius Bryant, Jr. for fraudulent solicitation, misappropriation, operation of an unlawful commodity pool, and failure to register with the CFTC. According to the complaint, Bryant fraudulently solicited approximately $426,000 from at…

Read More “CFTC charges president of nonexistent co Surrey Libor Capital with fraud” »

Social trading focused Retail FX and CFDs broker NAGA Group AG (FRA:N4G), which operates the NAGA.com website, has announced its second major financing of 2021, raising €22.7 million (USD 26.7 million) in new equity capital from Apeiron Investment Group Ltd, which will become a new strategic and long-term investor in NAGA. Apeiron is the private…

Read More “NAGA Group raises €22.7 million as Apeiron takes big stake” »

Coinbase Financial Markets Inc has applied for a registration as Futures Commission Merchant (FCM) with the United States National Futures Association (NFA). A check conducted by FX News Group has shown that the status of the applications of Coinbase Financial Markets Inc as an FCM and an NFA member has been pending since September 15,…

Read More “Coinbase applies for NFA registration as Futures Commission Merchant” »

The Commodity Futures Trading Commission (CFTC) today announced that Judge Gregory A. Presnell of the U.S. District Court for the Middle District of Florida issued an order granting a permanent injunction against Ronald Montano, a resident of St. Cloud, Florida, and Montano Enterprises LLC (MEL), and requiring them to pay a combined $2.5 million in…

Read More “CFTC secures order for $2.5M in penalties on binary options fraudster” »

About a year after his arrest, one of the founders of fraudulent cryptocurrency scheme AirBit Club – Pablo Renato Rodriguez, is offering a $10 million bond for his release. This becomes clear from a Motion filed with the New York Southern District Court earlier today. The document, seen by FX News Group, notes that Rodriguez…

Read More “Founder of AirBit Club requests release, offers $10M bond” »