Electronic trading major IG Group Holdings plc (LON:IGG) announces the completion of the sale of the North American Derivatives Exchange, Inc. (Nadex) and the 39% stake the Group holds in Small Exchange, Inc to Foris DAX Markets, Inc. (part of the group of companies trading as “crypto.com”) for $216 million. The cash transaction represents a…
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CMC Markets Plc (LON:CMCX), a leading provider of online trading and institutional platform technology solutions, announces its intention to launch a share buyback program. In light of the company’s robust capital position and having considered the ongoing investment in the business, the Board has decided to return excess capital to shareholders via the repurchase of…
Read More “CMC Markets plans £30 million share buyback program” »
The Commodity Futures Trading Commission (CFTC) has secured entries of default against four defendants in a lawsuit targeting fraudulent Forex scheme ROFX and the entities associated with it. The Court Clerk has issued an order for an entry of default as to (1) Borys Konovalenko, (2) Easy Com LLC , (3) Global E-Advantages LLC a/k/a…
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London based Prime-of-Prime brokerage IS Prime, part of the ISAM Capital Markets Group, has released details of its Fiscal 2021 financial results, reporting Revenues of £37.9 million for the year ended June 30, 2021 (up from £36.1 million in its previous fiscal year end in March 2020), and significant investments to pave the way for future…
Read More “IS Prime reports Revenues of £37.9 million and £10.1 million Operating Profit in 2021” »
Forex broker tech solutions provider Tools For Brokers (T4B) has announced the release of the new version of its Trade Processor liquidity bridge. The latest edition features the introduction of synthetic instruments, as well as improvements in automation and several technical enhancements. The release’s main feature is the support of synthetic instruments – the kind…
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Recently, the Securities Commission of Malaysia (SC) has exposed several black platforms, including unauthorized websites, investment products, companies and individuals. Among them, most of the platforms made false statements in publicity, abused the supervision of the Malaysian SC, and even publicized for a short period of time. Get high profits, including false advertising that earns…
FNG Exclusive… Following our exclusive report from November 2021 that longtime Capital Index executive and COO Heiko Mueller had left the company amidst a full turnover in senior management, FNG has learned that Mr. Mueller has now joined Andrey Dashin’s Retail FX brokerage group Exinity. Based in London, Heiko Mueller will be Exinity Senior Vice…
Read More “Exclusive: Former Capital Index COO Heiko Mueller joins Exinity” »
International derivatives marketplace CME Group today announced that it plans to launch options on Micro Bitcoin and Micro Ether futures on March 28, pending regulatory review. The new Micro Bitcoin and Micro Ether options contracts will be one-tenth of their respective underlying tokens in size and will offer a wide range of market participants –…
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Online trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just published its key operating metrics for February 2022. The broker registered 2.499 million Daily Average Revenue Trades (DARTs) in February 2022, 32% lower than prior year and 5% lower than prior month. Ending client equity was $348.5 billion, 6% higher than prior year and 1%…
Read More “Interactive Brokers registers 32% Y/Y drop in DARTs in Feb 2022” »
FNG Exclusive… FNG has learned that UK/Bulgarian online broker Trading 212 has continued to build the board of its London based, FCA licensed arm Trading 212 UK Limited, adding Raj Somal as a Director. Raj Somal joined clearing and custody firm GPP Group in 2016 as Group Legal Counsel, and joined the Board of Directors…
Read More “Exclusive: Trading 212 adds Raj Somal to its Board” »
