Maltese financial regulator The Malta Financial Services Authority (MFSA) has issued a warning that it has become aware of an entity operating under the name of FxCityIndex which has an internet presence at fxcityindex.com. Although this entity purports to operate from an address in Malta, the MFSA believes that this is not the case. On…
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The UK Financial Services Compensation Scheme (FSCS) today provided a brief update on the London Capital & Finance (LCF) matter. FSCS says it is continuing to prepare for compensation payments to begin under the UK government scheme. The body still expects to start by the end of November, and it will have made all payments…
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FNG Exclusive… FNG has learned that longtime Dukascopy executive Sofian Berrahal has left the company, moving to digital infrastructure payments provider Nexpay. Sofian Berrahal had been with Dukascopy for the past nine years in the FX broker’s Riga, Latvia office – Dukascopy is nominally based and licensed in Switzerland, but most of its employees are…
Read More “Exclusive: Dukascopy head of sales Sofian Berrahal jumps to Nexpay” »
eFX pricing solutions co DIGITEC, which recently opened a London office headed by new hire Stephan von Massenbach, has announced that four new employees have joined its London office, reporting to Mr. von Massenbach, who also serves as DIGITEC’s Chief Revenue Officer. A key component of the firm’s global growth strategy, the London office brings…
Read More “DIGITEC expands London office adding hires from IHS Markit, Moneycorp” »
Synfini, ASX’s new Distributed Ledger Technology (DLT) as a Service platform, is now production ready. ASX is welcoming the first set of new customers to Synfini, who will deploy a range of DLT-powered solutions over the coming months. Dan Chesterman, ASX Group Executive, Technology and Data, said: “With Synfini, ASX is providing an innovative solution…
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FNG Exclusive… Further to our (exclusive) report from yesterday that longtime OANDA executive David Hodge was leaving the company, FNG has now learned that Mr. Hodge will be joining Retail FX and CFDs broker Skilling as that firm’s new Chief Marketing Officer (CMO), and effective “#2” to Skilling CEO Michael Kamerman. The appointment will only…
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Shares of leading UK online broker CMC Markets plc (LON:CMCX) traded down by about 6% early Wednesday, after the company released its results for the first half of Fiscal 2022 (CMC has a March 31 fiscal year end). CMC Markets reported Revenues (or what it terms Net Operating Income) of £126.7 million for the six…
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It has been almost a year since Matthew T. Shafer, who worked as a financial advisor at Morgan Stanley for nine years from 2009–2018, has taken the company to Court. Now, the parties in the lawsuit are arguing whether they should resort to arbitration in order to resolve the dispute. According to documents file with…
Read More “Morgan Stanley insists on arbitration of compensation claims brought by ex-advisor” »
The UK Financial Conduct Authority (FCA) today posted its latest Market Watch, sharing its concerns about gaps in users’ surveillance of web-based platform activity. In particular, the regulator is concerned that requirements for market abuse surveillance are still not being fully met, ffive years after the introduction of the Market Abuse Regulation (MAR) in 2016….
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FNG Exclusive… FNG has learned that longtime OANDA senior executive David Hodge has resigned from the company. We understand that Mr. Hodge, based in London, is currently working on some continuing commitments to OANDA but has already stepped off the board of the group’s FCA regulated entity, OANDA Europe Limited. We also understand that after…
