Category: forex news

The Australian Securities and Investments Commission (ASIC) has moved to shut down unlicensed financial services business A One Multi Services Pty Ltd, which is suspected to be engaging in unlawful activity. ASIC successfully obtained interim orders and injunctions from the Federal Court in Queensland against A One Multi and its Gold Coast-based directors Aryn Hala…

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Credit Suisse today posted its financial report for the third quarter of 2021. Credit Suisse reported a pre-tax income of CHF 1.0 billion for the third quarter of 2021. The result benefited from a positive impact relating to Archegos of CHF 235 million, mainly due to a release of provision for credit losses pertaining to…

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Verena Ross started in her new position as Chair of the European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today. Ms Ross replaces Steven Maijoor, the former Chair, and is appointed for a five-year term, renewable once. A German national, she was Executive Director at ESMA from 2011 to 2021, having previously…

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Online brokerage firm Robinhood has announced that it now supports Directed Share Programs (“DSPs”) through its IPO Access program, as a way to facilitate meaningful, community-driven access to IPOs. A DSP gives an issuing company the chance to set aside a certain amount of shares, at the IPO price, for a specific group of people….

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FNG has learned that seasoned FX industry executive Tim Rudland has joined ThinkMarkets’ new institutional FX operation, Liquidity.net, as Liquidity Manager. Tim Rudland had been with FXCM’s institutional and B2B services arm FXCM Pro for the past two years, serving as VP Institutional Sales. Prior to FXCM he spent four years at GKFX and six…

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The United States Attorney for the Southern District of New York announced today that Donald Blackstad, a stock trader and the owner and principal of an investment fund known as Midcontinental Petroleum, was sentenced to 36 months in prison for committing insider trading and orchestrating a securities offering fraud scheme. Let’s recall that, in June…

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Cyprus financial regulator CySEC has announced that it is recalling the suspension of the CIF license authorisation of Depaho Ltd. Depaho operates the FXGM retail forex brokerage brand, at website fxgm.com, as well as TradeApp (tradeapp.com) and GTCM (gtcm.com). CySEC first suspended Depaho’s CIF license in July, extending the suspension twice in September and October….

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Online trading company FxPro has prolonged its successful partnership with McLaren for another three years. This prestigious sports sponsorship that began in 2018 gains even more recognition as McLaren pushes further in the F1 constructor’s standings, with an outstanding performance at the Italian Grand Prix, securing 1st and 2nd position and fastest lap. To celebrate…

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KX has announced a significant update to KX Insights, its cloud-first real-time data analytics platform, making the power of KX accessible and easy to use by developers. For Python developers and data scientists, this latest release makes it easy to leverage the best-in-class performance of KX through a truly Python-first interface. Analyst company SlashData has…

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Social trading focused broker NAGA Group AG (ETR:N4G) has announced the launch of its payment platform NAGA Pay, with UK / European payments and VISA debit card. The program from NAGA Pay combines an IBAN account, a VISA debit card, a brokerage account, copy trading and physical crypto wallets, the latter being subject to licensing….

Read More “NAGA Pay launches in Appstore and Google Play” »