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Investment bank and financial services firm Jefferies Financial Group Inc (NYSE:JEF) has filed its quarterly report for the three months to end-May 2021 with the Securities and Exchange Commission (SEC), with the report providing an insight into Jefferies’ involvement with FXCM Group LLC (FXCM). Jefferies has determined that it is not the primary beneficiary of…

Read More “Jefferies estimates max loss exposure due to FXCM involvement at $123.3M” »

The United States Commodity Futures Trading Commission (CFTC) may be approaching a resolution of its case against former Deutsche Bank traders James Vorley and Cedric Chanu. According to a status report filed by the CFTC at the Illinois Northern District Court on July 9, 2021, the parties are in talks to settle the matter. The…

Read More “CFTC, former Deutsche Bank traders discuss resolution of spoofing case” »

Topping the FX industry news charts this week was the press war that has broken out between the competing bidding groups for Playtech’s financials division – namely, the Finalto institutional B2B business and the Markets.com Retail FX and CFDs operation. Will the press war turn into a bidding war? How did Playtech itself react to…

Read More “FX week in review: Finalto/Markets.com buyer war, new FX broker CEOs and CFOs” »

Poland based Retail FX and CFDs broker XTB has announced that to the best of its knowledge the company has fulfilled all the conditions set for it by the Dubai DFSA regulator, in the application for UAE subsidiary XTB MENA Limited to be fully licensed in Dubai’s International Financial Centre (DIFC). The conditions referred to…

Read More “XTB completes Dubai DIFC license conditions, awaits approval” »

The subtle war of words (and press releases) is continuing in the not-so-subtle fight between competing bidding groups for Playtech’s financials division, Finalto. After Playtech announced on Friday that it was going to postpone its shareholder vote on the previously agreed-upon sale of Finalto to an investor group led by Zvika Barinboim, the Barinboim group…

Read More “Barinboim Group “welcomes” Playtech shareholder vote delay on Finalto sale” »

The Spotware Community Team announces that it has added a new example in its Open API examples collection. The new example is based on cTrader Open API, ASP.Net Core and SignalR, and it demonstrates how to build a full blown web application on top of Open API. It includes examples of authenticating using OAuth, subscribing…

Read More “Spotware Community Team expands its Open API examples collection” »

First Derivatives plc (LON:FDP) has announced the results of its Annual General Meeting held earlier today, at which all resolutions were duly passed, including the proposed change of Group name to FD Technologies plc. At the AGM Keith MacDonald, having served nine years as a Non-Executive Director, did not stand for re-election and consequently has…

Read More “Keith MacDonald retires from Board of First Derivatives” »

The patent infringement lawsuit brought by OANDA Corporation against online trading major GAIN Capital, which is now owned by StoneX, continues at the New Jersey District Court. The dispute now focuses on a proposed discovery confidentiality order (DCO), as the parties fail to agree on the discovery obligations in the lawsuit. First, let’s recall that,…

Read More “OANDA, GAIN Capital clash over confidentiality in patent lawsuit” »

The Australian government today launched a consultation into proposals for relief for foreign financial service providers (FFSPs). Let’s note that, in the 2021-22 Budget, the Government announced that it would consult on options to restore previously well-established regulatory relief for FFSPs and options to create a fast-track licensing process for those that wish to establish…

Read More “Australian Govt consults on relief for foreign financial service providers” »

LCH SwapAgent, a service for the non-cleared derivatives market, has registered its first SARON/SOFR cross-currency basis swap. The CHF/USD basis swap was executed between Citi and Societe Generale, brokered by Gottex. LCH SwapAgent has now processed trades in alternative reference rates in the five currencies that LIBOR is calculated in (CHF, EUR, GBP, JPY and…

Read More “LCH SwapAgent registers its first SARON/SOFR cross-currency basis swap” »