Square, Inc. (NYSE:SQ) and Afterpay Limited (ASX:APT) today announced that they have entered into a Scheme Implementation Deed under which Square has agreed to acquire all of the issued shares in Australian “buy-now pay-later” company Afterpay by way of a recommended court-approved Scheme of Arrangement. The transaction has an implied value of approximately US$29 billion…
Read More “Jack Dorsey’s Square buys Afterpay for USD $29 billion” »
CME Group has published a notice of disciplinary action against Mercantile Exchange of Vietnam Corporation. Pursuant to an offer of settlement in which Mercantile Exchange of Vietnam (MXVC) neither admitted nor denied the rule violations or factual findings upon which the penalty is based, a Panel of the Chicago Board of Trade (CBOT) Business Conduct…
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Following a set of delays, former HSBC Forex trader Mark Johnson has surrendered to the custody of the Bureau of Prisons. According to a letter filed by the Department of Justice (DOJ) with the New York Eastern District Court on Thursday, July 29, 2021, the defendant surrendered to the custody of the Bureau of Prisons…
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Forex broker platform and tech provider Spotware has announced the release of the Desktop 4.1 update for its popular cTrader trading platform. Desktop 4.1 improves the desktop version of cTrader with a range of valuable and long-awaited additions for traders. The addition of indicative USD currency in TradeWatch allows users to view their balance, equity,…
Read More “Spotware releases cTrader Desktop 4.1 with USD currency switch, direct crypto deposits” »
FNG Exclusive Interview… The past year was not an easy one to change jobs, especially in the ultra fast paced world of Retail FX. But that is exactly what Tickmill CMO Nicholas Baumer did, joining the fast-growing Tickmill at the end of last year. Now that Nicholas has had the better part of half a…
Read More “Exclusive: Tickmill CMO Nicholas Baumer on FX marketing, cryptos, COVID and more” »
The UK Financial Conduct Authority (FCA) has published a warning regarding a clone of Interactive Brokers (UK) Ltd. The details of the unauthorized firm are: Interactive Brokers (clone of an FCA Authorised Firm) Telephone: +31202326341, +31203082694, +31202623601 Email: [email protected], [email protected], [email protected], [email protected] The details of the FCA authorised firm are: Firm Name: Interactive Brokers (UK)…
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Intercontinental Exchange (NYSE:ICE), a leading global provider of data, technology and market infrastructure, today reported financial results for the second quarter of 2021. For the quarter ended June 30, 2021, consolidated net income attributable to ICE was $1.3 billion on $1.7 billion of consolidated revenues, less transaction-based expenses. Second quarter GAAP diluted earnings per share…
Read More “ICE reports 22% Y/Y rise in revenues in Q2 2021” »
OTC Markets Group Inc. (OTCQX:OTCM), an operator of financial markets for 11,000 U.S. and global securities, today announced The Naga Group AG, a fintech company that connects personal finance transactions and investments through its social trading platform, has qualified to trade on the OTCQX Best Market. The Naga Group AG upgraded to OTCQX from the…
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UK online broker CMC Markets Plc (LON:CMCX) has announced the results of its 2021 Annual General Meeting (AGM) held earlier today at the company’s offices at 133 Houndsditch, London, EC3A 7BX. All the resolutions set out in the Notice of Annual General Meeting 2021 were passed by way of a poll. The ordinary resolutions are:…
Read More “CMC Markets shareholders approve all resolutions at AGM” »
FX and crypto institutional execution venue LMAX Group has announced that it has appointed Andreas Wigstrom to the newly created role of Managing Director for LMAX Global, the Group’s regulated broker. Andreas Wigstrom assumes responsibility for sales and distribution of the LMAX Global offering worldwide. Andreas Wigstrom
