Shares of FCA-regulated retail FX and CFDs broker Plus500 traded down by 4.5% on Monday, after the company issued a Q2 Trading Update. Plus500 shares actually fell by about 14% at the open yesterday, before recovering some of the losses. So what had Plus500 shareholders and traders in a knot? Plus500’s Trading Update was in…
Read More “Plus500 shareholders punish company for not hedging, shares off 4.5%” »
With technical development on the core platform now complete, testing and scaling for full operations underway, the SIX Digital Exchange (SDX) awaits regulatory approval and readies itself for growth. As part of this preparation, Tim Grant will stand down and hand over the reins to David Newns, an international capital market expert with a strong…
Read More “SIX Digital Exchange gets ready for next development stage” »
European derivatives exchange Eurex will launch futures on the Latin American benchmark index MSCI Brazil. The derivatives arm of Deutsche Börse Group is responding to growing demand for investment and trading instruments focused on the Latin American region. The launch of the new contracts is scheduled for 6 September. Eurex is already covering the Latin…
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Hot on the heels of PSG’s monumental signing of all-time great Lionel Messi, Retail FX broker HotForex has announced a renewal of the company’s sponsorship agreement with Paris Saint-Germain (PSG) ahead of the 2021/22 season. With this partnership extension, HotForex said it plans to expand its global presence in key markets around the world while…
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About a year after Interactive Brokers got a $38 million fine for widespread AML failures, a client has launched a lawsuit against the broker for allegedly aiding and abetting the fraudulent scheme at the basis of the misconduct that led to the penalty. Benjamin Chang has filed a complaint at the California Northern District Court,…
Read More “Trader sues Interactive Brokers for damages caused by Ponzi scheme” »
The United States Commodity Futures Trading Commission (CFTC) has marked progress in its action against the entities and individuals involved in a $14.5 million binary options and retail Forex Ponzi scheme. This is indicated by a set of documents filed at the California Eastern District Court and seen by FX News Group. The documents show…
Read More “CFTC secures entry of default against head of $14.5M Forex Ponzi scheme” »
The Central Bank of Russia today announced the annulment of the licenses for dealer and depository activities of JSC Nordea Bank. The regulator explains that the annulment reflects a request filed by Nordea Bank in July 2021. The request was granted today. Let’s recall that, as FX News Group has reported, the Central Bank of…
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Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the fourth quarter and fiscal year 2021. Results compared with the same period last year were as follows: During the final quarter of fiscal year 2021, total revenues increased 12% to $1,532 million from $1,362 million in the prior year period. Recurring fee revenues increased…
Read More “Broadridge registers rise in revenues in Q4 FY21” »
Refinitiv has announced the launch of USD IBOR Cash Fallbacks, which will leverage the firm’s extensive experience in administering benchmarks, such as Refinitiv Term SONIA, to create a family of US Dollar (USD) fallback rates for use in cash markets. The London InterBank Offered Rate (LIBOR) underpins hundreds of trillions of dollars of financial instruments…
Read More “Refinitiv introduces USD IBOR Cash Fallbacks prototype” »
Brokerage house StoneX is apparently looking to increase its footprint with online retail traders, and has acquired a majority interest in Dublin, Ireland based fintech company Chasing Returns. The Irish Times has reported that StoneX (NASDAQ:SNEX), which took over retail trader focused brokerages Forex.com and City Index as part of its $236 million acquisition of…
Read More “StoneX dives deeper into retail trading, buying Chasing Returns” »
