One of the landmark actions that the United States Commodity Futures Trading Commission (CFTC) has taken against binary options scams is the one targeting Israel-based Yukom Communications and a raft of individuals associated with it, such as Lee Elbaz and Yossi Herzog. The case, however, has stalled for months, with the latest information from the…
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The United States Securities and Exchange Commission (SEC) has secured Court judgments against investment adviser Westport Capital Markets, LLC and its sole owner, Christopher E. McClure. On July 6, 2021, a federal district court in Connecticut entered final judgments against Westport Capital Markets and McClure. The judgments order that Westport Capital and McClure are jointly…
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For most Forex traders, the Forex Factory website does not need a special introduction. It is more than a forum, it is a multi-facet app that features a calendar, a raft of news articles, information about brokers and also some useful charting features. Earlier today, Fair Economy, Inc., the operator of Forex Factory, confirmed that…
Read More “Forex Factory operator Fair Economy upgrades charting” »
Copenhagen’s Saxo Bank has closed out its first half of 2021 with yet another weak month of client trading volumes, with June’s activity of $282.8 billion down 5% MoM from May’s $298.6 billion. Saxo once again had one of its slowest months over the past 5+ years in its core FX trading business, with FX…
Read More “Saxo Bank trading volumes weak in June, -5% to $283B” »
The UK government is consulting on proposals to bring the issuance of non-transferable debt securities (mini-bonds) within the scope of financial services regulation. London Capital & Finance (LCF) which issued non-transferable debt securities (NTDS), entered administration in January 2019, impacting 11,000 investors who had invested more than £230 million. Issuing NTDS is currently an unregulated…
Cyprus based forex broker technology and MT4/MT5 integration specialist PrimeXM has announced that it is further expanding its technology services in Asia, by adding a new trading data center in Singapore at Equinix SG1. The new Singapore location joins London, New York, and Tokyo as PrimeXM’s fourth major global foreign exchange trading location. PrimeXM went…
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Former Deutsche Bank traders James Vorley and Cedric Chanu are challenging their prison sentences for engaging in a scheme known as “spoofing”. This becomes clear from documents filed by the traders on July 3, 2021 and July 6, 2021, at the Illinois Northern District Court. Vorley appeals to the United States Court of Appeals for…
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FNG Exclusive… FNG has learned that London based CFDs broker ETX Capital has continued to build out its management team following its acquisition late last year by Switzerland’s Guru Capital, with the latest addition being the hiring of Nicolas Gavriel as Risk Director. Nicolas Gavriel, who is based in Cyprus, joins ETX after filling a…
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Further to the announcement on July 2, 2021 in connection with its direct listing, Wise announces that its entire issued class A ordinary share capital, consisting of 994,589,856 Shares, has today been admitted to the standard listing segment of the Official List of the FCA and to trading on the London Stock Exchange’s Main Market…
Refinitiv, a London Stock Exchange Group business, today announced it has launched its global electronic trading Matching service in Indonesia. The launch marks Indonesia’s first interbank electronic marketplace for the trading of Rupiah. Refinitiv Matching is a solution that offers real-time credit screening, enhanced price discovery, concentrated liquidity and efficient execution for FX traders. This…
