Social investment platform eToro today announced the launch of its eToro Money program for UK users. eToro Money seamlessly connects to a user’s eToro investment account allowing them to instantly deposit and withdraw funds and manage their crypto and funds all in one place. An eToro Money VISA debit card will be available free of…
Cyprus based Retail FX and CFDs brokerage group BDSwiss is continuing to build its footprint in the Far East, hiring Sophie Squillacioti as the company’s new Head of Asia. Sophie Squillacioti joins BDSwiss from New Zealand based broker BlackBull Markets, where she was Managing Director – China. Prior to joining BlackBull in 2019 she was…
Read More “BDSwiss hires BlackBull and City Index alum Sophie Squillacioti as Head of Asia” »
New Zealand’s Financial Markets Authority (FMA) today announces that it has lifted the suspension on the derivatives issuer licence of Forex and CFD broker AxiCorp Financial Services Pty Limited. The lifting of the suspension is effective as of 2 December 2021. In June 2019, the FMA suspended AxiCorp’s derivatives issuer licence for material breaches of…
Read More “New Zealand FMA lifts suspension of AxiCorp licence” »
Adam Reynolds, CEO Asia Pacific, Saxo Capital Markets, is urging brokers and regulators to review the practice of Payment for Order Flow (PFOF). Mr Reynolds says: “As more people participate in global capital markets, brokers have a real duty of care to their clients and we believe that it is time for regulators in Asia…
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About two months after the victims of ROFX.net launched a lawsuit against numerous entities involved in the scheme, some of the defendants have responded to the allegations. On December 8, 2021, Defendants ePayments Systems Ltd. (EPS), Andrei Fetin, and Mikhail Rymanov filed their motion to dismiss the complaint. The defendants name two main reasons ffor…
Read More “Victims of trading scheme ROFX.net face opposition to class action complaint” »
Electronic trading major Interactive Brokers Group (NASDAQ:IBKR) today introduced IMPACT to investors worldwide. IMPACT is a patent pending mobile trading application designed to help investors easily align their portfolios with their values and help shape the future they wish to see. Expanding upon Interactive Brokers’ Environmental, Social and Governance (ESG) trading initiatives, IMPACT by Interactive…
Read More “Interactive Brokers announces global launch of ‘IMPACT’ mobile trading platform” »
LSEG (London Stock Exchange Group) today announces an expansion of its digital offering for issuers, public and private companies with an investment in OpenExchange Inc. This marks deepening of LSEG’s three-year partnership with OpenExchange during which OpenExchange technology has helped to power SparkLive. The expanded partnership will make it easier for issuers and investors to…
Read More “London Stock Exchange Group invests in OpenExchange” »
FNG Exclusive… FNG has learned that Turkish brokerage group Global Kapital Group (GKG) has hired Adam Dougall as CEO of the company’s London-based, FCA regulated arm, GKFX Financial Services Limited. GKFX Financial Services Limited, or GKFX UK, operates mainly under the GKPro brand, providing B2B institutional FX and CFD services to smaller FX brokers as…
Read More “Exclusive: FXCM alum Adam Dougall hired as CEO of GKPro” »
Moscow Exchange (MOEX) has introduced new instruments and services for FX Market participants. Trading on the FX Market now starts with an opening auction for all spot instruments from 6:50 am to 7:00 am Moscow time. The auction mechanism reduces the risk of significant fluctuations in the morning hours and increases the efficiency of market…
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Multi-bank FX marketplace operator MillTechFX, launched earlier this year by Millennium Global with backing from Sir Ronald Cohen, has announced that it has partnered with Investec Bank plc, the global bank and wealth manager, to provide fund managers with an innovative margin-free foreign exchange (FX) hedging solution. The MillTechFX-Investec partnership enables transparent best execution across 10+…
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