Retail FX and CFDs broker eToro has filed the financial statements for 2020 at its FCA licensed UK arm eToro (UK) Limited, which more than anything gives a good glimpse at the rapid rise of eToro over the past few years and the relative importance of eToro’s UK arm in the grand scheme of things…
Read More “eToro UK sees 2020 Revenues of $42M, 7% of company total” »
CMC Markets Plc (LON:CMCX), a leading provider of online trading and institutional platform technology solutions, today announced that following the conclusion of a formal tender process led by the Group’s Audit Committee, the Board has approved the proposed appointment of Deloitte LLP as its auditor for the year ending 31 March 2023. This appointment is…
Read More “CMC Markets approves proposed appointment of Deloitte as its auditor” »
Yakov Cohen, one of the founders of Israel-based Yukom Communications, a company at the heart of a fraudulent binary options scheme, is seeking to stay an action brought by the United States Commodity Futures Trading Commission (CFTC). On October 13, 2021, Cohen filed a motion to stay in the Illinois Northern District Court. The document,…
Read More “Yukom founder seeks to stay CFTC action against him” »
A criminal case targeting a binary options scam involving a number of entities continues at the Maryland District Court. The list of defendants in this case includes individuals such as Yosef Herzog. According to the latest Court filings, one of the defendants in this case – Elad Bigelman, has admitted his guilt. Elad Bigelman, also…
Read More “BigOption brand manager pleads guilty to wire fraud conspiracy” »
North American Derivatives Exchange (Nadex), a part of IG Group Holdings plc (LON:IGG), has taken a disciplinary action against Shuk Hung for violation of several of the rules of the Exchange. During the course of its investigation, the Compliance Department analyzed the order and trading activity throughout the life of Hung’s Nadex account. Through this…
Read More “Nadex bans trader for engaging in manipulative scheme” »
Japanese online trading company Monex, Inc, a subsidiary of Monex Group, Inc (TYO:8698), will officially launch wealth management services on Monday, October 18, 2021(tentative), under the newly established Private Wealth Department. Monex has been offering in-person consultation to its customers through independent financial advisors (IFA). In this way, Monex’s extensive product line-up as well as…
Leading Forex and CFD broker IC Markets has announced that it has added five new cryptocurrencies to its market leading offering. The new additions are in response to a surge in demand from investors trading cryptocurrency CFDs on the IC Markets platform. From 15th October, IC Markets will be offering digital currency CFDs on Binance…
Read More “IC Markets boosts crypto offering with 5 new products including Cardano and Tezos” »
New Zealand’s Financial Markets Authority (FMA) has formally censured Jarden Securities Limited for contraventions by OM Financial Limited (OMF) as a licensed derivatives issuer (DI). OMF co-mingled derivative investor money with its own money, a breach of its DI obligations. OMF amalgamated with Jarden in March 2021, so the amalgamated entity inherited the property, rights…
Read More “New Zealand’s FMA censures Jarden Securities for license breaches by OMF” »
Exchange technology pioneer Exberry has announced that it is providing its “Marketplace as a Service” technology at the heart of ProMEX, the digital marketplace for physical commodities. The new technology partnership will enable ProMEX to create new products and markets at speed, and securely offer trading in a wide variety of commodities in new ways….
Read More “ProMEX selects Exberry core matching engine for commodities digital marketplace” »
The following is a guest editorial courtesy of Andrew Lane, CEO of sentiment-based technology company Acuity Trading. We’re finally in taper territory. All market activity across assets and around the world seems to be in response to the US Fed’s tapering plans. The Fed has been purchasing $80 billion in treasuries and $40 billion in…
Read More “The Real Impact of the US Fed’s Stimulus Tapering” »
