Category: forex news

Cyprus financial regulator CySEC has issued a Board Decision announcing the suspension of the CIF license of Indication Investments Ltd. Indication Investments operates the Libertex Retail FX and CFDs brand, at website libertex.com. Libertex / Indication Investments was fined €160,000 last year by CySEC fine for issues that included not executing certain client orders on…

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Estonia based Retail FX and CFDs brokerage group Admiral Markets AS has announced that the Supervisory Board of  the company has appointed Andrey Koks as a new member of the Management Board as of 2 August 2021. The Management Board of Admiral Markets AS now consists of three members: Sergei Bogatenkov, Andrey Koks and Jens…

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Forex and crypto broker tech provider Match-Trade Technologies has announced that it has joined forces with Squaretalk, a global interactive business communications platform, to expand the range of functionalities offered to Forex brokers in the company’s proprietary Client Office CRM. Match-Trade said that it continues to enhance its product offer and was seeking the best…

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London based institutional-focused multi asset broker Equiti Capital UK Limited (Equiti UK) has announced that it has received a USD $10 million capital injection from parent Equiti Group Limited. The company said that the USD$10 million increase in share capital will strengthen Equiti UK’s balance sheet, and support a number of strategic business expansion initiatives…

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Cloud-based international payment and currency risk management firm Cornerstone FS plc (LON:CSFS) has announced that it has appointed a new team to market the Group’s services to businesses located in Asia, with a primary focus on firms supporting high net worth individuals (“HNWIs”) acquiring real estate in the UK. The company said this is a…

Read More “Cornerstone FS hires Asia payments team from Vorto Trading” »

The retail forex broker love affair with sports sponsorships and brand ambassadors continues, with the latest firm jumping on board being Dublin based AvaTrade, which has introduced legendary sprinter Usain Bolt as its new Brand Ambassador. This is actually not Usain Bolt’s first foray into retail forex – while he was still active as a…

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Financial market infrastructure company TP ICAP (LON:TCAP) has released a Trading Update for the first half of 2021, which CEO Nicolas Breteau characterized as reflecting “challenging trading conditions, caused by the combination of very quiet secondary markets and the ongoing disruption from COVID-19.” TP ICAP reports revenues in four divisions: Global Broking; Energy & Commodities;…

Read More “TP ICAP 1H-2021 revenues down 1% YoY in “challenging trading conditions”” »

FNG Exclusive… FNG has learned that FX broker tech and connectivity provider FXCubic has hired Dubai based Mounir Fallah as its new Middle East representative, with its sights clearly set on expanding in the MENA region. Mounir Fallah had been involved the past four years with UAE based offshore Retail FX broker FXQuantum. He has…

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After canceling a required shareholder vote in mid July to approve the sale of its Financials division Finalto, online gaming tech provider Playtech (LON:PTEC) has now announced that it has reset the vote for August 18. Playtech canceled the vote on the agreed-upon sale of Finalto – which includes Playtech’s forex/CFDs B2B business alongside the…

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In a year which has been anything but normal, some normalcy has returned to the institutional FX trading market. The normally slow summer months look like they will be – normally slow! Following a very strong but up-and-down first half of the year for leading institutional eFX venues, trading volume data for July show a…

Read More “Institutional FX trading volumes show summer weakness in July, down 4%” »