Category: forex news

Online broker eToro announces that it is expanding its crypto offering with the addition of two new tokens: Avalanche and Hedera Hashgraph. Avalanche is a smart contact platform focused on speed, security, and sustainability, and was founded by Cornell University computer science professor Emin Gün Sirer. AVAX is the native token of the Avalanche blockchain….

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FX broker tech provider Tools for Brokers (t4b.com) has announced that Ivan Egorov, a long-serving member of the company, has been promoted to Global Head of Sales. The promotion is in line with the company’s new focus on growing its Trade Processor liquidity bridge and acquiring new market niches. Ivan Egorov has been with Tools…

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The Securities and Exchange Commission (SEC) today announced that six investment advisers and six broker-dealers have agreed to settle charges that they failed to file and deliver client or customer relationship summaries – known as Form CRS – to their retail investors by the required deadline and, in some cases, failed to include all information…

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The Central Bank of Russia and market participants have launched the testing of the digital ruble platform and successfully completed the first digital ruble transfers between individuals. The creation of a prototype of the digital ruble platform was finished in December 2021. Twelve banks, including VTB and Sberbank, announced their readiness to take part in…

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FNG Exclusive… FNG has learned that longtime Barracuda FX CEO Kieran Fitzpatrick (pictured at top left) has resigned from the company. While Barracuda FX did not yet formally name a replacement, his role will be filled for the time being by COO Maurice Curran (pictured top right). Kieran Fitzpatrick has been CEO of Dublin based…

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The Securities and Exchange Commission (SEC) today charged BlockFi Lending LLC with failing to register the offers and sales of its retail crypto lending product. The SEC also charged BlockFi with violating the registration provisions of the Investment Company Act of 1940. To settle the SEC’s charges, BlockFi agreed to pay a $50 million penalty,…

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Metro Bank plc (LON:MTRO) announces that David Arden, Chief Financial Officer, has agreed with the Board that he will step down from the Board with immediate effect and leave the business on 1st April 2022. Marc Jenkins, Deputy CFO, will assume responsibility for the Finance function from 15 February 2022 while the bank recruits for…

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Online trading company Plus500 Ltd (LON:PLUS) announces that its Board of Directors has approved a new share buyback program to purchase up to an additional $55 million of the company’s shares. This includes a special share buyback program of $29.8 million, which is directly related to the benefits of the change in tax rate from…

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CFD and FX broker Plus500 Ltd (LON:PLUS) today posted its unaudited preliminary results for the year ended 31 December 2021. Whereas the financial metrics were far from impressive, the broker has managed to report some milestones in terms of operations, including a new license in Estonia. Plus500 generated total revenue in FY 2021 of $718.7…

Read More “Plus500 registers 18% Y/Y drop in FY21 revenues, secures Estonian license” »