Tag: forex-news

The Bank for International Settlements (BIS) Innovation Hub, the Reserve Bank of Australia, Bank Negara Malaysia, Monetary Authority of Singapore, and South African Reserve Bank will join forces to test the use of central bank digital currencies (CBDCs) for international settlements. Led by the Innovation Hub’s Singapore Centre, Project Dunbar aims to develop prototype shared…

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The Department of Justice (DOJ) announced that, on September 1, 2021, Glenn Arcaro pleaded guilty in federal court for his participation in a massive conspiracy involving BitConnect, a cryptocurrency investment scheme, which defrauded investors from the United States and abroad of over $2 billion. The BitConnect scheme is believed to be the largest cryptocurrency fraud…

Read More “BitConnect Director pleads guilty for his participation in conspiracy” »

More UK consumers are in line for compensation, as the Financial Services Compensation Scheme (FSCS) today announced the latest default declarations. The body declared nine firms in default in June and July 2021. People who have dealt with any of the nine financial services firms listed below, and believe they are owed money as a…

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Some normalcy returned to institutional FX trading in August 2021 in what has been anything but a normal year, with the sector seeing its typical seasonal swoon during the summer. After July saw a slight (4%) drop in institutional FX trading at leading eFX ECNs and platforms, August repeated the trick with the usual summer…

Read More “Institutional FX trading volumes drop 10%+ in August 2021” »

Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just posted its key performance metrics for August 2021. The broker reported 2.170 million Daily Average Revenue Trades (DARTs) for August 2021, 24% higher than prior year and 8% lower than prior month. Ending client equity amounted to $364.6 billion, 53% higher than prior year and…

Read More “Interactive Brokers registers 8% M/M drop in DARTs in August 2021” »

ICE Futures U.S. has posted a disciplinary notice regarding Aspire Commodities, LLC. The company has agreed to pay a $700,000 fine to settle charges about ICE rule violations. The Exchange rules concerned in this settlement are: Rule 6.20(b) – Position Limits, Conditional Limits and Position Accountability for Energy Contracts and Oil Contracts No Person may…

Read More “Aspire Commodities to pay $700,000 fine for violations of ICE rules” »

Digital infrastructure company Equinix, Inc. (NASDAQ:EQIX) has announced that it has extended Platform Equinix into the strategic Indian market, following the completion of the acquisition of the INDIA operations of GPX Global Systems, Inc. The US$161 million all-cash transaction includes a fiber-connected campus in MUMBAI with two data centers. Equinix’s expansion into India will unlock…

Read More “Equinix appoints Manoj Paul as India Managing Director” »

Cboe Silexx, a multi-asset order execution management system (OEMS) that caters to the professional marketplace, will retire OATS reporting. In accordance with the Financial Industry Regulatory Authority’s (FINRA) rule change for Order Audit Trail System (OATS), Cboe Silexx will retire OATS reporting effective September 1, 2021. FINRA has determined that the accuracy and reliability of…

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Global Retail FX and CFDs broker Admiral Markets has released its financial report for the first half of 2021, indicating a much slower six month period than either the first or second half of 2020, as volatility eased in the financial markets. Revenues at parent Admirals Group AS in 1H-2021 was down by 29% as…

Read More “Admiral Markets reports 29% drop in revenues in 1H 2021 to €17.3M” »

Online trading company Robinhood (that is, Robinhood Markets Inc, Robinhood Financial LLC, and Robinhood Securities LLC) has responded to traders’ allegations regarding the trading restrictions it imposed back in January 2021. The company is a defendant in a multi-district lawsuit accusing it of, inter alia, negligence and breach of contract. On Monday, August 30, 2021, Robinhood…

Read More “Robinhood claims Customer Agreement permits trading restrictions” »