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The plaintiffs in a short squeeze lawsuit targeting companies such as Robinhood and Citadel need more time to draft an amended antitrust complaint. This becomes clear from documents filed in the Florida Southern District Court on November 29, 2021. Let’s recall that earlier in November the Court nixed the conspiracy claims against E*Trade Securities LLC;…

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Compliance technology and data analytics firm SteelEye has launched an automated Three-Way Reconciliation solution to tackle MiFIR transaction reporting issues. The technology enables firms to fulfill their reconciliation requirements, validate their MiFIR reporting data and easily address errors – ensuring that reporting has been done completely and accurately. Complete and accurate reporting data is critical…

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A new study by the Autorité des Marchés Financiers (AMF) confirms the renewed interest of retail investors in the financial instruments under its jurisdiction. Usually dominated by traditional banks and online brokers, stock market investments by retail investors are increasingly being made via neo-brokers. This study covers 218 million transactions executed between the third quarter…

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Online broker eToro remains true to its ongoing commitment to offer its clients a broad variety of cryptoassets. Today eToro announced the addition of CELO to its crypto lineup. CELO is a token aimed at making it easier to settle payments in cryptocurrency anywhere in the world between mobile devices. Instead of physical banks, this…

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FNG Exclusive… FNG has learned via regulatory filings that London based Retail FX and CFDs broker Fortrade has reported record annual Revenues of £26.7 million in 2020, reversing a 2019 Revenue decline as market conditions turned vert favorable to online brokers at the outset of the COVID-19 pandemic. Fortrade had reported a 12% decline in Revenue…

Read More “Exclusive: Fortrade sees 72% Revenue increase in 2020 to £26.7M” »

Just2Trade, a European FX/CFDs broker regulated by the Cyprus Securities and Exchange Commission (CySEC), has announced that it has integrated with Your Bourse, a leading technology company for FX and CFD brokers, and selected Your Bourse as its main liquidity distribution channel. Just2Trade said that it has selected Your Bourse due to its bespoke offer…

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Santander UK announced today, subject to regulatory approval, the appointment of Mike Regnier as Chief Executive Officer of Santander UK Group Holdings plc and Santander UK plc. Mr Regnier joins from Yorkshire Building Society, where he has been CEO since 2017 and prior to that Chief Commercial and Chief Customer Officer. He has over 25…

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A lawsuit brought by ex-Citi Forex trader Rohan Ramchandani against his former employer continues at the New York Southern District Court, but some deadlines have been set so at least the document discovery appears to be close to completion. According to an order issued on November 27, 2021 by Magistrate Judge Stewart D. Aaron, the…

Read More “Court gives Citi, former head of FX trading desk two months to complete discovery” »

BME, through Iberclear, its central securities depository, is finalising the launch of a new digital proxy voting service for shareholders’ meetings. The service is powered by Proxymity’s digital investor communications platform and is a sustainable solution that connects Participant Entities and Issuers in a centralised way to speed up and promote the efficiency of the…

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The following is a guest editorial courtesy of Andrew Lane, CEO of sentiment-based technology company Acuity Trading. Concerned about the skyrocketing oil prices? That is just a blip compared to China’s energy crisis. To understand how grave the Sino-situation is, even the government-run Global Times, stated in October that there were “some gaps that may…

Read More “What China’s Power Crisis Means for the Global Economy” »