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FNG Exclusive… FNG has learned via regulatory filings that TF Global Markets (UK) Limited, the FCA-regulated arm of Australia-UK Retail FX broker ThinkMarkets, saw a double digit percent rise in Revenues for the second consecutive year. After a 20% increase in 2019, Revenues at ThinkMarkets UK were up 13% in 2020, at £4.4 million. Profits,…

Read More “Exclusive: ThinkMarkets UK revenue up 13% in 2020, but client assets decline” »

Beeks Financial Cloud Group Plc (LON:BKS), a cloud computing and connectivity provider for financial markets, today announces that it has acquired new premises for the company headquarters. Beeks headquarters will move from the existing leased office of the Lumina Building to the nearby Riverside Building in Riverside Business Park, King’s Inch Road, Braehead PA4 8YU…

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The lawsuit brought by investors in Global Brokerage Inc. formerly known as FXCM Inc, continues at the New York Southern District Court. As indicated earlier, FXCM, Dror Niv and William Ahdout on September 9, 2021 submitted a Motion for Summary Judgment on all claims asserted by the plaintiffs, whether individually or as a class. Let’s…

Read More “FXCM Inc, Drew Niv say investor lawsuit at dead end” »

There has been a recent surge in the cases of “clone” entities, that is, scam enterprises that abuse the names, license numbers, and other business data such as address of regulated companies. Cboe Global Markets has been targeted by such scams, as indicated by an alert issued by Cboe. Cboe has recently been made aware…

Read More “Cboe issues alert about fraudulent “CboeX” website” »

Today, SIX Digital Exchange (SDX) formally received the FINMA go-ahead to operate a stock exchange and a central securities depository for digital assets in Switzerland. This authorization enables SDX to go live with a fully regulated, integrated trading, settlement, and custody infrastructure based on distributed ledger technology for digital securities. SIX Digital Exchange set out…

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IG Prime, the institutional prime brokerage service arm of leading London based online broker IG (LON:IGG), and FX broker tech provider Centroid Solutions have announced a strategic collaboration which the parties said will allow a wide scope of brokers to benefit from enhanced connectivity and liquidity services. Due to its strong relationships with global tier…

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Multi-bank FX marketplace operator MillTechFX has announced that it has appointed Vikram Gandhi, professor at Harvard Business School, as a member of its international advisory board. Professor Gandhi has also become an investor in MillTechFX. MillTechFX harnesses the purchasing power of Millennium Global, which has 25 years of FX expertise, USD $600 billion in annual…

Read More “HBS prof Vikram Gandhi invests in Ronald Cohen’s MillTechFX” »

Marqeta (NASDAQ:MQ), the global modern card issuing platform, today announced a continued partnership with Zip Co. in Australia, completing the first year of powering the global Buy Now Pay Later (BNPL) company which provides fast and seamless solutions that simplify how people pay, everywhere. Marqeta’s modern card issuing platform is built with open APIs and…

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The UK Financial Conduct Authority (FCA) today sent a “Dear CEO” letter to firms engaged in trade finance activity. The regulator notes that, during the past 18 months there have been several high-profile failures of commodity and trade finance firms with significant financial loss. There are inherent risks within trade finance activity, given that it…

Read More “FCA outlines its expectations of firms undertaking trade finance activity” »

Online trading major Interactive Brokers is expanding its offering of trading instruments. Now, clients of the broker can trade popular cryptocurriencies like BTC (Bitcoin), ETH (Ethereum), LTC (Litecoin), and BCH (Bitcoin Cash) from the TWS platform or via the IBKR mobile app. Cryptocurrency trading is made available via Paxos Trust. This feature is currently in…

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