Tag: forex-news

London Stock Exchange Group (LSEG) today announces an amendment to the terms of the Relationship Agreements between LSEG and the former shareholders of Refinitiv. The Relationship Agreements are being amended to allow the former Refinitiv shareholders to introduce leverage of up to 20% on the value of their entire shareholding in LSEG that is subject…

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Former JPMorgan traders Gregg Smith, Michael Nowak, Jeffrey Ruffo, and Christopher Jordan, who stand accused of spoofing the precious metals market, are pushing against the testimony of another trader, who is now an FBI agent. This becomes clear from documents filed at the Illinois Northern District Court and seen by FX News Group. Defendants Gregg…

Read More “Former JPMorgan traders argue against ex-Morgan Stanley trader testimony” »

The United States Securities and Exchange Commission (SEC) today announced that Poloniex LLC has agreed to pay more than $10 million to settle charges for operating an unregistered online digital asset exchange in connection with its operation of a trading platform that facilitated buying and selling of digital asset securities. The SEC’s order finds that…

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FNG Exclusive… FNG has learned that Axiance, the new retail FX brand being launched by CySEC licensed ICC Intercertus Capital Ltd, has gone live with its new website and offering. Visitors to the website of the company’s old brand, EverFX, now redirect automatically to axiance.com. As was exclusively reported by FNG at the beginning of…

Read More “Exclusive: Axiance launches, replacing EverFX” »

The first week of August – normally a “slow time” as folks head on vacation – brought record traffic to FNG as we exclusively broke every major FX industry news story (what were the “other guys” posting about, exactly????). And there were plenty! Trading 212 getting a major capital injection. (Equiti Capital too). Libertex being…

Read More “FX week in review: Trading 212 capital raise, Libertex suspended, Usain Bolt, executive moves” »

Now defunct FX broker Alpari (US) has dropped its “last look” lawsuit against BNP Paribas. This becomes clear from the latest documents filed with the New York Southern District Court. A notice of dismissal, seen by FX News Group, states that Alpari (US) dismisses its action without prejudice against defendant BNP Paribas, S.A. Alpari says…

Read More “Alpari (US) drops “last look” lawsuit against BNP Paribas” »

The wave of public anger regarding the insultingly low $65 million penalty imposed by the Securities and Exchange Commission (SEC) on Robinhood has failed to dissuade the regulator from proceeding with its distribution plan regarding the penalty. About a month after the Commission opened a consultation into the distribution plan, the regulator has approved the…

Read More “SEC approves distribution plan for $65M Robinhood penalty” »

Nukkleus Inc. has announced that effective August 2, 2021, Jamie Khurshid was appointed as Chief Operating Officer (COO) of the company. Jamie Khurshid  was an investment banker for over 20 years at Goldman Sachs, Credit Suisse and Royal Bank of Scotland before joining Cinnober Financial Technology. Cinnober is a leading independent exchange and clearing house…

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Yet another Retail FX broker signing a front-of-shirt sponsorship deal with a recognizable European soccer club. NAGA Group AG, which operates the social trading focused NAGA.com website, and popular Spanish football club Sevilla FC have announced a new partnership agreement for the next seasons. NAGA has been officially unveiled as Sevilla FC’s new front of…

Read More “NAGA becomes front-of-shirt sponsor of Sevilla FC” »

FNG Exclusive… FNG has learned that longtime LMAX Group executive Scott Moffat has resigned from the company. Scott Moffat was an early employee at London based institutional trading venue LMAX, joining in 2008 as head of operations after working for four years at gaming company Betfair, which at the time had an ownership interest in…

Read More “Exclusive: LMAX Group Asia Pacific head Scott Moffat departs” »