Tag: forex-news

The Central Bank of Russia today announced the introduction of a capital adequacy ratio for professional market participants, a category that includes Forex dealers (the official designation for OTC Forex brokers in Russia). Effective October 1, 2021, brokers, dealers, asset managers and Forex dealers must comply with the capital adequacy ratio and make provisions for…

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In an interesting turn of events (certainly for crypto traders), retailing giant Walmart has announced that the press release made via popular PR website GlobeNewswire that the company was going to accept Litecoin as payment, was not authentic. The initial press release about a Walmart-Litecoin hookup which was picked up by several leading news outlets…

Read More “Walmart denies Litecoin deal, says press release was fake” »

US retailing giant Walmart Inc. (NYSE:WMT) has announced what it calls a “major partnership” with Litecoin. The company intends to give its millions of shoppers across the world an opportunity to seamlessly make payments with cryptocurrencies. The news that Walmart would allow its customers to pay in Litecoin, not surprisingly, gave LTC a major boost…

Read More “Walmart’s Litecoin deal sends the crypto up 6%” »

Front-office fintech solutions provider Broadway Technology has announced that it appointed Dan Romanelli as Head of Relationships. In his role, Dan Romanelli is responsible for driving business development initiatives and client relationship management, overseeing a global team of sales and relationship managers. Mr. Romanelli’s appointment helps Broadway extend its global client success during a period…

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The United States Financial Industry Regulatory Authority (FINRA) today published a notice of settlement with Tyler J. Forbes. Forbes first registered with FINRA in August 2016 as a General Securities Representative through Merrill Lynch, Pierce, Fenner & Smith Inc. In May 2019, Merrill Lynch’s investment banking and trading divisions were reorganized as BofA Securities, Inc….

Read More “FINRA suspends ex-Merrill Lynch trader for facilitating spoofing” »

New Zealand’s Financial Markets Authority (FMA) today announces that CLSA Premium New Zealand Limited (CLSAP NZ) has been ordered to pay a total pecuniary penalty of $770,000 for breaches of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act. The penalty is imposed following proceedings brought by the regulator. The FMA filed proceedings in…

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The United States Financial Industry Regulatory Authority (FINRA) today accepted an offer of settlement submitted by online brokerage firm SogoTrade, Inc. The offer was submitted on the condition that, if accepted, FINRA will not bring any future actions against Respondent alleging violations based on the same factual findings described in this AWC. From October 1,…

Read More “FINRA fines SogoTrade for lack of Securities Trader registration of two APs” »

FNG Exclusive… FNG has learned via regulatory filings that FCA regulated FX and CFDs broker GKFX Financial Services Ltd has sharply cut its losses in 2020, although the company continues to downsize and see reduced revenues. After reporting a near £9 million loss in 2019, GKFX UK saw a loss of £2.9 million in 2020….

Read More “Exclusive: GKFX UK reduces loss in 2020 to £2.9M” »

It was a very mixed bag of FX industry news this past week, with some key management replacement moves at some key FX brokers, a rare ASIC license granted to an EU/UK broker, and some broker results sprinkled in for good measure. Who is in, and who is out, as CEO of MENA-focused Retail FX…

Read More “FX week in review: Amana replaces CEO, FX broker gets ASIC license, Saxo hits new low” »

Effective September 29, 2021, Cboe Global Markets will make available to Members a ‘Hard-to-Borrow List’ accessible via the Port Controls tool in the US Customer Web Portal application and Secure Web API, pending regulatory approval. The new Hard-to-Borrow List will allow Members to specify individual securities unavailable for short sales. Currently the Port Controls tool…

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