FNG Exclusive… FNG has learned that longtime HotForex executive Andreas Andreou has returned to the company, as Head of Business Development. Andreas Andreou had been with the CySEC licensed, Limassol based broker for more than six years before abruptly resigning in July. Before originally joining HotForex in 2014 he had also worked at IronFX and…
Read More “Exclusive: Andreas Andreou rejoins HotForex to head Bus Dev” »
Online trading company Plus500 Ltd (LON:PLUS) today issued a trading update for the three months ended 30 September 2021. Revenue in Q3 2021 amounted to $211.4 million, well ahead of pre-pandemic levels. However, the result was lower than a year earlier (Q3 2020: $216.4m). The revenues were driven by the Customer Income, which was $156.9…
Read More “Customer income supports Plus500 revenues in Q3 2021” »
HSBC Holdings plc (LON:HSBA) today posted its financial results for the third quarter of 2021, with Forex revenues staging a drop from the year-ago period. Global Foreign Exchange revenues amounted to $772 million in the third quarter of 2021, down from $842 million a year earlier. For the first nine months of 2021, global FX…
Gibraltar-based blockchain technology group Valereum Blockchain Plc today announced that it has signed an option to purchase 80% of the Gibraltar Stock Exchange (GSX). The Global Stock Exchange Group, current owner of the GSX, will retain the remaining 20% shareholding and Valereum has an option on 20% of the Global Stock Exchange Group. The full…
Read More “Valereum Blockchain signs option to acquire 80% stake in Gibraltar Stock Exchange” »
Who stepped up and bought Playtech for £2.1 billion, a 58% premium to its market valuation? And, what does it mean for the pending sale of Playtech’s forex division, Finalto? Which former longtime LCG executive was hired as Trading 212’s new COO? What did ASIC say would happen to the temporary CFD leverage rules that…
Read More “FX week in review: Playtech sold, Trading 212 hires COO, Australia CFD rules” »
The Cyprus Securities and Exchange Commission (CySEC) today announced further extension of the suspension of the authorisation of the Cyprus Investment Firm Depaho Ltd. Depaho, which is the operator of brands such as FXGM, is allowed now until 19 November 2021 to proceed with the necessary actions in order to comply with the relevant provisions of…
Read More “CySEC further extends suspension of authorization of FXGM parent Depaho” »
Deutsche Bank today announced that it has completed its first set of live trades on its electronic foreign exchange (e-FX) hub, based in SG1. The e-FX hub, which was developed in partnership with the Monetary Authority of Singapore (MAS), enables Deutsche Bank’s clients to execute FX transactions more closely aligned to geographic location, helping make…
Read More “Deutsche Bank completes first live trades on e-FX trading hub in Singapore” »
The story of the bankruptcy of Australian Retail FX broker USGFX just got stranger. And, potentially, a lot bigger. The administrators for bankrupt Union Standard International Group Pty Ltd, which operated the USGFX.com brand in Australia, have issued an update for creditors of the company which details (lots of!) missing money offshore, uncertainty as to…
Read More “USGFX bankruptcy update: $14M missing with UPay, $137M deposit claims” »
Continuing our exclusive coverage of the bankruptcy of Australian Retail FX and CFDs broker USGFX, FNG has viewed the latest report to creditors issued by USGFX administrator-turned-liquidator BRI Ferrier indicating that fairly little progress has been made in sorting things out and recovering millions of missing client funds since the last USGFX bankruptcy update report…
Read More “USGFX bankruptcy liquidators: little progress, MetaQuotes blocking server sale” »
KX, a worldwide leader in real-time data analytics, announces the launch of ‘KX Academy’, an online portal for on-demand training. Accessible from the main KX website, the Academy marks a significant development in the overall KX training roadmap, giving both experienced and new KX users access to free, self-led, interactive training and on-demand training videos….
Read More “KX launches on-demand training portal KX Academy” »
