US derivatives market regulator the National Futures Association (NFA) has announced that it has ordered New York based introducing broker Tullett Prebon Financial Services LLC (TPFS) to pay a $150,000 fine. The Decision, issued by NFA’s Business Conduct Committee (BCC), is based on a Complaint issued by the BCC and a settlement offer submitted by…
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FNG Exclusive… FNG has learned that Harry Campbell-Lamerton has resigned his position as COO of FCA regulated FX/CFDs broker Valutrades. He has also stepped off the board of Valutrades Limited. Harry Campbell-Lamerton was hired to Valutrades as the #2 to longtime CEO Graeme Watkins in 2018. He joined Valutrades after spending three years as Institutional…
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The UK financial regulator The FCA has announced that it has acted to stop Cyprus based firm BDSwiss Holding Plc, and other members of the BDSwiss Group, from offering high risk contracts for differences (CFDs) to UK investors. The BDSwiss Group trades using the brands BDSwiss, Swissmarkets and BDS Trading. The regulator said that BDSwiss…
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Following our earlier coverage of the FCA’s announcement that it is stopping CySEC licensed broker BDSwiss from offering CFDs to UK customers, FNG spoke with BDSwiss management and received an official response, which we are posting in full below: BDSwiss Official Media Response to the FCA announcement In light of the latest FCA announcement and…
After pre-announcing in mid June that it was going to have a record first half on both the top and bottom line, Switzerland online broker Swissquote released its actual results confirming its earlier announcement. Following the trend of the year 2020, Swissquote (SWX:SQN) said it surpassed its initial forecasts in the first half of 2021….
Read More “Swissquote confirms record Revenues and Profits for 1H-2021” »
Institutional trading optimization company Capitolis has announced that it has entered into an agreement to acquire LMRKTS, an industry-leading multilateral optimization and compression provider. The proposed acquisition is scheduled to close in the month of August, subject to certain closing conditions. Terms of the deal were not disclosed. Already a market leader in bilateral compression,…
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RegTech solutions provider to capital markets companies and brokers LPA Group has announced that it has been selected by Interactive Brokers (NASDAQ:IBKR) to provide a solution for regulatory documentation for its entire range of financial instruments. This includes stocks, bonds, options, and futures in over 135 markets, 33 countries and 23 currencies. LPA’s solution is…
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The war of words (and for the minds and votes of Playtech shareholders) between Playtech and Gopher Investments is continuing. After Gopher Investments – controlled by Hong Kong based Jonathan Bond’s TT Bond Partners – sent out a strongly worded letter yesterday encouraging Playtech shareholders to vote “No” on August 18 to the sale of…
Read More “Playtech responds to Gopher: no other offers for Finalto” »
Kapital Investment Group B.V. (KIG BV), part of the global financial services group Global Kapital Group and parent of the GKFX retail forex brand, has announced that it has acquired Işık Menkul Değerler A.Ş., a multi-asset broker in Turkey. The company said that the acquisition gives KIG BV a greatly increased product range, as Işık…
Read More “GKFX parent GKG buys Turkish CFDs broker Isik Menkul” »
Global trading provider INFINOX has announced that it is adding MetaTrader 5 (MT5) technology to its popular social trading platform, IX Social. INFINOX stated that MT5 will bring more trading opportunities to both beginner and experienced traders on its platform, by offering a huge range of popular equity markets. The expansion aligns with the company’s…
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