Sky News has reported over the weekend that leading UK online trading firm CMC Markets (LON:CMCX) is working with financial advisors on a possible breakup of CMC into two separate, publicly traded companies. Under the plan being looked at by the CMC board, one entity – likely to retain the CMC name – would keep…
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Which well known FX industry executive has launched a new licensed copy trading brokerage called Ditto? (And, where is Ditto licensed?) What is the name of the new multi-asset liquidity provider launched by itexsys executives Simon Blackledge and Antoon Gysbers? Which new bidder has turned the acquisition of Playtech into a takeover battle? Who is…
Global Brokerage Inc (OTCMKTS:GLBR), formerly known as FXCM Inc, has just posted a set of unaudited metrics for the quarter to end-September 2021, with the numbers revealing a widening of the stockholders’ deficit in the quarter. The broker posted total stockholders’ deficit of $183.5 million for the third quarter of 2021. This compares with a…
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Following the Annual General Meeting of TP ICAP Group plc (LON:TCAP) in May 2021, the Remuneration Committee has been consulting with shareholders in relation to the Company’s current remuneration policy and the Company’s strategy. Let’s recall that, at the last AGM, the resolution concerning the report of the Remuneration Committee barely passed, getting the support…
The United States Securities and Exchange Commission (SEC) has filed an action against Terraform Labs PTE, Ltd., and its co-founder and CEO, Do Kwon, seeking an order directing them to comply with investigative subpoenas for documents and testimony. Terraform Labs launched the Mirror Protocol in 2020, through which users may create and trade digital assets…
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Online trading broker eToro today posted its financial report for the third quarter of 2021, revenues marking a solid rise from the year-ago quarter. For the third quarter of 2021, total commissions were $222 million, up 66% versus the corresponding period in 2020, driven by strong trading revenue, higher interest income and higher other income….
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The UK Financial Conduct Authority (FCA) today published information for former customers of Finteractive Ltd (trading as FXVC). Let’s recall that, in April 2021, the FCA imposed requirements on Finteractive, preventing it from carrying on any further regulated activities in the UK. The FCA has since become aware that former customers of Finteractive have been…
Electronic trading major IG Group Holdings plc (LON:IGG) today announced the successful completion of a comprehensive debt refinancing exercise and implementation of a long term funding structure. These important steps are set to: give IG additional, significant levels of liquidity, to further support the Group’s strategic growth ambitions; lengthen the maturity of the debt facilities,…
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Online trading major Interactive Brokers keeps expanding the capabilities of PortfolioAnalyst, a solution that consolidates, tracks and analyzes one’s complete financial performance. The latest set of enhancements concern the Configuration Tab. It allows users of PortfolioAnalyst to create amount or percent target allocations for asset and sub-asset classes. Also, Custom benchmark configuration has been moved…
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FNG Exclusive Interview… Continuous innovation has been the lifeblood of the modern FX industry and this, along with rapid technological development seen in recent years, has been crucial for sustained industry growth. We thought that this would be a good opportunity to catch up with Managing Director and Global Head of FXCM Pro Sales Mario Sanchez, and…
