Tag: forex-news

FNG Exclusive… FNG has learned that London based CFDs broker ETX Capital has continued its hiring spree following its acquisition late last year by Swiss fintech investor Guru Capital SA, adding Juan Amiguet to the newly created position as Head of Data. Holding a PhD in meta-data propagation from the University of Twente, Juan Amiguet…

Read More “Exclusive: ETX Capital hires Swissquote alum Juan Amiguet as Head of Data” »

The United States Securities and Exchange Commission (SEC) today launched a securities fraud enforcement action against Charlie Abujudeh. The complaint, filed at the New York Eastern District Court and seen by FX News Group, alleges that Abujudeh engaged in fraudulent schemes to sell publicly traded stock to retail investors. From not later than August 2019…

Read More “Undercover FBI agent helps SEC bust fraudulent securities scheme” »

Global clearing house LCH today announced the appointment of Rohit Verma as Head of Asia Pacific, effective 26 July 2021. Based in Singapore, Rohit Verma will report to Isabelle Girolami, CEO, LCH Ltd. He will be responsible for LCH’s business in Asia Pacific, including the clearing house’s operations in Singapore, Sydney and Tokyo. Mr Verma…

Read More “Rohit Verma to join LCH as Head of Asia Pacific” »

Citi announces the launch and roll out of a new global Real-Time Liquidity Sharing solution, addressing a pressing need for companies to secure improved efficiencies in liquidity and working capital. Part of Citi’s Liquidity Optimization product suite, the new globally consistent platform is launching across six countries and jurisdictions in Asia Pacific – Australia, China,…

Read More “Citi launches Real-Time Liquidity Sharing solution” »

CLS, a financial market infrastructure delivering settlement, processing and data solutions across the global FX ecosystem, announced that it completed Convergence, a significant phase of its multi-year technology investment program, to deliver one of the most sophisticated, resilient, scalable and flexible post-trade technology platforms across global financial market infrastructures (FMIs). Convergence is the largest change…

Read More “CLS completes migration of settlement service to new platform” »

The United States Securities and Exchange Commission (SEC) has made further progress in its action against Karina Chairez, a high-level promoter of the AirBit Club investment scheme. On July 21, 2021, the regulator filed a proposed final judgment against Chairez. The document, seen by FX News Group, proposes that the Court enter a default judgment…

Read More “SEC pushes for final judgment against AirBit Club promoter” »

Electronic trading major IG Group Holdings plc (LON:IGG) has just reported a set of solid results for the financial year ended 31 May 2021. Net trading revenue for FY21 was up 31% year-on-year to £853.4 million (FY20: £649.2 million). Excluding one-time hedging costs associated with the financing of the tastytrade acquisition, adjusted net trading revenue…

Read More “IG Group reports steep rise in revenues, active client numbers in FY21” »

Shortly after electronic trading major IG Group Holdings plc (LON:IGG) announced the completion of its acquisition of tastytrade, the company has updated on its US business plans. The tastytrade acquisition is a strategic transaction that expands and diversifies the Group’s growth drivers through entry into the world’s largest listed derivatives market, IG Group’s CEO June…

Read More “IG Group to push for continued US business growth via tastytrade” »

IG Group Holdings plc (LON:IGG), a global leader in online trading, today announces Bridget Messer, Executive Director and the Group’s Chief Commercial Officer, has informed the Board of her intention to step down from her role for family reasons. Bridget Messer will continue in her role to support an orderly transition over the coming months…

Read More “Bridget Messer to step down as IG Group exec director” »

The UK Financial Conduct Authority (FCA) today published financial promotions data for the second quarter of 2021. The data show the number of financial promotions that have been amended or withdrawn due to non-compliance with FCA’s rules for the second quarter of 2021. The FCA undertakes many reviews of firms’ financial promotions, which are identified…

Read More “FCA orders 84 promotions to be amended or withdrawn in Q2 2021” »