Tag: forex-news

The Authority for the Financial Markets (AFM) of the Netherlands today posted data about the number of enquiries it received in the first six months of 2021. In the first half of 2021, consumers and financial enterprises asked the regulator nearly 9,500 questions. The regulator also assessed 2,752 signals about possible abuses. The AFM notes…

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Specialized payments platform Paysafe Limited (NYSE:PSFE) today announced a new partnership with Shelby Financial Corporation, a provider of escrow solutions for the travel and aviation industry, to further strengthen its ‘safeguarding’ acquiring solution for U.S. airline ticket payments. Paysafe in July rolled out its safeguarding trust model for airline tickets payments, innovating on the traditional…

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After having its previous (but lower value) sale plan for its Financials division Finalto rejected by its own shareholders, online gaming company Playtech (LON:PTEC) has announced that it has now agreed to sell Finalto to Gopher Investments for $250 million. In doing the math, however, Playtech admitted that the real value of the deal is…

Read More “Playtech agrees to sell Finalto to Gopher for $132M” »

Standard Chartered today announces a partnership with global fintech company FinLync to enable corporate treasury and finance teams to rapidly and easily connect to Standard Chartered’s application programming interface (API) offerings, via FinLync. This will allow corporates to make decisions faster, more frequently and based on more-precise information, all of which provide an edge over…

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The United States Commodity Futures Trading Commission (CFTC) today announced charges against 14 entities for either failing to register as futures commission merchants (FCMs) or else making false and misleading claims of having CFTC registration and National Futures Association (NFA) membership. Each complaint seeks orders directing the entities to cease and desist from committing violations…

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The Swiss Financial Market Supervisory Authority (FINMA) today announces that it has approved the first crypto fund according to Swiss law. The fund, which is restricted to qualified investors, invests primarily in cryptoassets. For the first time, FINMA has approved a Swiss fund that invests primarily in cryptoassets, that is to say in assets based…

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Alpha FX Group plc (LON:AFX) today announces the launch of its next-generation banking platform for the alternative investment sector. As part of this launch, the Group intends to open an office in Luxembourg to show its commitment to the local market, which represents a significant opportunity for the alternative investment banking solution. This follows a…

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The sterling, Japanese yen, Swiss franc and euro LIBOR panels are ceasing on 31 December 2021. Today, the Financial Conduct Authority (FCA) confirms that to avoid disruption to legacy contracts that reference the 1-, 3- and 6-month sterling and Japanese yen LIBOR settings, it will require the LIBOR benchmark administrator to publish these settings under…

Read More “FCA unveils arrangements for orderly LIBOR wind-down at end-2021” »

The United States Securities and Exchange Commission (SEC) has accepted an offer of settlement from Tradition Securities and Derivatives, LLC, which will see the subsidiary of Compagnie Financière Tradition pay a fine for Reg SHO violations. The broker-dealer consents to the entry of an Order Instituting Administrative and Cease-and-Desist Proceedings. These proceedings concern Tradition’s violations…

Read More “SEC fines Tradition Securities for Reg SHO violations” »

There is some progress in the patent infringement lawsuit brought by OANDA against GAIN Capital, which is now owned by StoneX Group. Shortly after the New Jersey District Court set deadlines for GAIN Capital regarding the production of documents, OANDA has confirmed that GAIN has started production of documents. This becomes clear from a status…

Read More “OANDA gets served with GAIN Capital’s patent invalidity contentions” »