Tag: forex-news

Hong Kong Exchanges and Clearing Limited (HKEX) today announced the launch of its first A-share derivatives product. This new contract will provide international investors with a new and effective risk management tool to manage their portfolios of Stock Connect eligible A-shares, reflecting the increasing global reliance on Stock Connect to access Mainland China’s burgeoning equity…

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A Ponzi scammer who filed for bankruptcy early this year is now facing additional litigation by the Commodity Futures Trading Commission (CFTC). The regulator has commenced adversary proceedings against John Patrick Glenn, who played a key role in the Financial Tree scam. The CFTC has brought this adversary proceeding against Glenn to determine the non-dischargeability…

Read More “CFTC unveils $26.5M in claims against Forex Ponzi scammer” »

Australia financial regulator ASIC has issued an update on the independent expert review of November’s ASX Trade outage. FNG readers will recall that on 16 November 2020, an outage occurred at the ASX – Australia’s main stock exchange – shortly after a major upgrade to ASX’s equity trading platform, ASX Trade, called the ASX Trade…

Read More “Australia ASX trade outage due to “not ready to go-live” issues” »

Why did Playtech’s sale of its Financials division – Finalto and Markets.com – hit a major roadblock? And, what happens next? What signs are there that the Swiss National Bank might – once again – change its strategy of effectively supporting CHF exchange rates? Will history repeat itself? How did FX industry stalwarts Plus500 and…

Read More “FX week in review: Finalto sale stalls, CHF peg, Liverpool FC sponsor, Plus500 and Saxo results” »

Another hearing in the adversary proceedings targeting retail FX broker AFX Capital was held on August 19, 2021. This hearing, however, was held with no appearance by the defendant, as indicated by information provided by the New York Eastern Bankruptcy Court. FX News Group has learnt that the hearing was held and adjourned until December…

Read More “Still no sign of AFX Capital as NY lawsuit continues” »

Eurex, Deutsche Börse Group’s derivatives arm, announced today the launch of Bitcoin ETN futures. With the new contract, Eurex offers clients access to the price of Bitcoin in a regulated on-exchange and centrally cleared environment. This offering will be the first regulated market in Bitcoin-related derivatives in Europe. The launch of the new contract is…

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The United States Securities and Exchange Commission (SEC) confirmed on Thursday that it had secured judgments against BitConnect promoters. The New York Southern District Court has entered a judgment against Michael Noble (a.k.a. Michael Crypto) and a final judgment against Joshua Jeppesen for their involvement with BitConnect and the promotion of its “lending program.” The…

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The United States Securities and Exchange Commission (SEC) today instituted settled charges against robo-adviser SoFi Wealth, LLC for breaching its fiduciary duties to clients in connection with its April 2019 investment of client assets into two new exchange-traded funds (ETFs) sponsored by its parent company, Social Finance, Inc. (SoFi). According to the SEC’s order, on…

Read More “SEC settles charges against robo-adviser SoFi Wealth” »

Multi-asset investment company Saxo Bank today announces the launch of its next equity theme basket focusing on the payments industry with 25 companies of high quality. The payments theme basket consists of 25 companies with a good mix of old and new companies, and a good geographical split although the US is overrepresented, but that…

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The Charles Schwab Corporation (NYSE:SCHW) has announced it is implementing a special 5% pay increase for employees in recognition of their unwavering service to clients and each other throughout the pandemic. Walt Bettinger, President and CEO, The Charles Schwab Corporation, commented: “This increase is a way to reward our talented employees for their contributions and…

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