How did eToro do in Q2 and 1H-2021? And how about Dukascopy? What’s new about PayPal’s UK crypto trading offering? What happened to Libertex’s CySEC license, partially suspended earlier this month? Which executive moves were reported involving OANDA, ETX Capital, Valutrades, and Exness? Answers to these questions and a whole lot more appeared first or…
FNG Exclusive… FNG has learned via regulatory filings that Equiti Capital UK Limited, the FCA regulated institutional/B2B arm of UAE based global FX and CFDs brokerage Equiti Group, continued on its growth path in 2020, posting a healthy 17% increase in Revenue. Revenues for 2020 at Equiti Capital came in at $33.1 million, up 17%…
Read More “Exclusive: Equiti Capital posts 17% rise in 2020 Revenue to $33.1 million” »
Broker technology provider Panda Trading Systems has announced that it continues to expand the functionality of its business intelligence suite, by integrating OneSignal customer messaging functionality into the system’s already rich feature list. The new integration leverages OneSignal’s position as a leader in the customer messaging vertical, allowing any broker using Panda solution to integrate…
Read More “PandaTS adds OneSignal messaging capabilities to its FX broker solution” »
Credit Suisse Group today published the agenda for the 2021 Extraordinary General Meeting (EGM) of Shareholders. Credit Suisse Group plans to hold its EGM on October 1, 2021 to elect two new members of the Board of Directors. Shareholders are requested to vote in advance by granting a power of attorney and issuing voting instructions…
Read More “Credit Suisse schedules EGM for new Board members election” »
The United States Department of Justice (DOJ) has opposed an attempt by former JPMorgan traders accused of spoofing to exclude the testimony of a former Morgan Stanley trader, who is now an FBI agent. As FX News Group has reported, former JPMorgan traders Gregg Smith, Michael Nowak, Jeffrey Ruffo, and Christopher Jordan have sought to…
Read More “DOJ stands behind testimony of ex-Morgan Stanley trader in spoofing case” »
Hong Kong’s Securities and Futures Commission (SFC) and Commercial Crime Bureau of the Police today conducted a joint operation against a Hong Kong-listed company and its former senior executives suspected of a series of corporate fraud related offences involving a total of $450 million. The operation involved a search of the office premises of the…
Read More “HK SFC, Police clamp down on $450M corporate fraud scheme” »
Compagnie Financière Tradition today posted its financial results for the first half of 2021, with revenues and profits down from the equivalent period a year earlier. Tradition registered consolidated net profit of CHF 39.1 million in the first half of 2021, compared with CHF 51.5 million in the first half of 2020 with a Group…
Read More “Compagnie Financière Tradition reports drop in profits in H1 2021” »
The United States Commodity Futures Trading Commission (CFTC) has clashed with former HSBC executive Christophe Rivoire, who stands accused of market manipulation, over depositions of traders. This is made clear by documents filed with the New York Southern District Court and seen by FX News Group. The CFTC argues that the depositions have to be…
Read More “CFTC, former HSBC exec clash over depositions of traders” »
Nomura Securities International, Inc got a fine of $50,000 as a part of a settlement with CME Group. According to a notice of disciplinary action, Nomura violated CBOT Rule 980.B.3. Let’s note that the firm neither admitted nor denied the rule violation. CBOT Rule 980 says: “REQUIRED RECORDS AND REPORTS B. Each clearing member shall…
Read More “Nomura Securities fined for breaking CBOT rules” »
FNG Exclusive… FNG has learned from filings that Geneva based Retail FX broker Dukascopy Bank SA has seen a severe and continued drop-off in activity, with first-half 2021 revenues being the company’s lowest result in several years. Revenues at Dukascopy (or what the company terms “Result from trading activities”) came in at CHF 10.95 million…
Read More “Exclusive: Dukascopy revenues fall 23% in 1H-2021 to CHF 11 million” »
