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Digital infrastructure company Equinix, Inc. (NASDAQ:EQIX) has announced that it has extended Platform Equinix into the strategic Indian market, following the completion of the acquisition of the INDIA operations of GPX Global Systems, Inc. The US$161 million all-cash transaction includes a fiber-connected campus in MUMBAI with two data centers. Equinix’s expansion into India will unlock…

Read More “Equinix appoints Manoj Paul as India Managing Director” »

ICE Futures U.S. has posted a disciplinary notice regarding Aspire Commodities, LLC. The company has agreed to pay a $700,000 fine to settle charges about ICE rule violations. The Exchange rules concerned in this settlement are: Rule 6.20(b) – Position Limits, Conditional Limits and Position Accountability for Energy Contracts and Oil Contracts No Person may…

Read More “Aspire Commodities to pay $700,000 fine for violations of ICE rules” »

Global Retail FX and CFDs broker Admiral Markets has released its financial report for the first half of 2021, indicating a much slower six month period than either the first or second half of 2020, as volatility eased in the financial markets. Revenues at parent Admirals Group AS in 1H-2021 was down by 29% as…

Read More “Admiral Markets reports 29% drop in revenues in 1H 2021 to €17.3M” »

Cboe Silexx, a multi-asset order execution management system (OEMS) that caters to the professional marketplace, will retire OATS reporting. In accordance with the Financial Industry Regulatory Authority’s (FINRA) rule change for Order Audit Trail System (OATS), Cboe Silexx will retire OATS reporting effective September 1, 2021. FINRA has determined that the accuracy and reliability of…

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FNG Exclusive… FNG has learned via regulatory filings that FCA licensed FX, CFDs, and spreadbetting broker FINSA Europe Ltd saw a healthy 155% rise in revenues during 2020, as the company continued migrating its retail branding from Core Spreads to Trade Nation. Revenues at FINSA Europe came in at £17.4 million for 2020, up from…

Read More “Exclusive: FINSA Europe revenues up 2.5x in 2020 as Trade Nation rebrand continues” »

Leading Swiss online trading firm Swissquote has expanded its Themes Trading offering via the addition of a Decarbonisation theme. Let’s recall that this one of the vote options in a poll Swissquote launched in July, as it sought traders’ feedback on potential new themes. The global transition to a low carbon economy is the megatrend…

Read More “Swissquote adds Decarbonisation to Themes Trading offering” »

Online trading company Robinhood (that is, Robinhood Markets Inc, Robinhood Financial LLC, and Robinhood Securities LLC) has responded to traders’ allegations regarding the trading restrictions it imposed back in January 2021. The company is a defendant in a multi-district lawsuit accusing it of, inter alia, negligence and breach of contract. On Monday, August 30, 2021, Robinhood…

Read More “Robinhood claims Customer Agreement permits trading restrictions” »

As the large-scale lawsuit brought by traders against dozens of brokers, clearing houses, and funds continues at the Florida Southern District Court, one of the defendants in the so-called antitrust tranche of the lawsuit – Citadel Securities, has responded to the allegations. On August 30, 2021, Citadel Securities filed a motion to dismiss the complaint…

Read More “Citadel Securities seeks to nix “short squeeze” conspiracy allegations” »

The United States Securities and Exchange Commission (SEC) continues to grapple with discovery issues as it presses ahead with its lawsuit against Ripple Labs and its executives. According to a motion filed with the New York Southern District Court on August 30, 2021, the SEC is seeking access to recordings of meetings that Ripple was…

Read More “SEC pushes for recordings of Ripple exec meetings with employees” »

The following is a guest editorial courtesy of Andrew Lane, CEO of sentiment-based technology company Acuity Trading. Contrary to anything we’ve seen earlier, the pandemic actually led to a deluge of dollars in the financial markets. The Nasdaq added over 40% in 2020. So far this year, the S&P 500 has climbed to 47 record…

Read More “Why Investors Should Focus on Lookalike Stocks” »