This week’s FX industry news was dominated by executive moves involving many of the known brands in Retail FX, Institutional FX, and tech providers to the sector with Equiti, Exness, CFI, OANDA, GKPro, Spotware and T4B all making additions to their lineups. Two brokers which have seen a number of senior level departures of late,…
The Commodity Futures Trading Commission (CFTC) is near to the end of its action against Dro Kholamian and his company, Blue Star Trading, LLC. This becomes clear from a proposed consent judgment submitted at the Illinois Northern District Court on February 25, 2022. The document, seen by FX News Group, outlines the proposed penalties to…
Read More “CFTC reaches settlement with Blue Star Trading, its president Dro Kholamian” »
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just filed its annual report for 2021 with the SEC, with the document containing an update on the “short squeeze” antitrust litigation. Beginning in late January 2021, more than three dozen federal class-action lawsuits were filed in different jurisdictions against various brokers and other market participants…
Read More “Interactive Brokers confirms it is no longer defendant in “short squeeze” lawsuit” »
At the Board of Directors meeting held today, Rakuten Group, Inc resolved to change the parent company of its consolidated subsidiary Rakuten Bank, Ltd from Rakuten Card Co., Ltd to Rakuten Group. The change is scheduled for April 1, 2022. Rakuten Bank, a consolidated subsidiary of the company will carry out strategies to grow with…
Read More “Rakuten Group to replace Rakuten Card as parent of Rakuten Bank” »
Barclays Capital Inc has agreed to pay a fine of $350,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From February 2014 through September 2019, Barclays’ Index Options Flow Derivatives Trading Desk submitted orders to participate in monthly Special Opening Quotations (SOQs) of certain volatility products. The Derivatives Desk entered…
Read More “FINRA fines Barclays Capital for failure to apply market access controls” »
MetaQuotes has enabled traders to use their smartphones to copy trades of professional traders. The MetaTrader 5 mobile terminals for iOS and Android now feature a Trading Signals section allowing traders to subscribe to any signal. Traders no longer need a desktop computer to perform copy trading. Choose the right signal, subscribe to it and copy…
Read More “MT5 mobile terminals now allow subscription to trading signals” »
The UK Financial Conduct Authority (FCA) announces it has issued a final notice to Finablr after refusing its application for cancellation of its premium listing. On December 16, 2022, the FCA announced that it had issued a Decision Notice to Finablr plc refusing the company’s application for cancellation of its premium listing with reference to…
The Central Bank of Russia today issued a statement about the work of bank cards in Russia. The regulator says that all bank cards, regardless of their issuer, work normally in Russia and can be used for payment of products and services, transfers, as well as ATM operations. All funds in held in bank accounts…
Read More “Russian c-bank says all bank cards continue to work normally in Russia” »
UK direct-to-investor investment and online trading firm Hargreaves Lansdown PLC (LON:HL) announces that Amy Stirling, a director/person discharging managerial responsibility in the company, has purchased ordinary shares of 0.4p each (“Ordinary Shares”) in the company. Amy Stirling
Shares of a number of publicly traded Retail FX and CFD brokerage firms are taking a beating, as financial markets have been set off by Russia’s invasion of Ukraine. While equity markets globally are taking a hit today – DAX is down 5%, FTSE -3%, CAC -5%, and US equity futures are pointing to a…
Read More “Retail FX broker shares hit hard by market turmoil: NAGA.com -15%, Swissquote -5%…” »
