The recruitment campaign to appoint the next Financial Conduct Authority (FCA) Chair has been launched by HM Treasury today, replacing Charles Randell who is stepping down as Chair of the FCA and the PSR in Spring 2022. Richard Lloyd, the FCA’s Senior Independent Director, has been announced as interim Chair of the FCA from 1…
Read More “Campaign to appoint next FCA Chair gets launched” »
About a month after electronic trading major Interactive Brokers was hit with another complaint over its alleged aiding of the Ponzi scam orchestrated by Haena Park, the broker has made it clear that it is not inclined to produce all of the documents sought by the plaintiff. This is made evident by documents submitted by…
Read More “Interactive Brokers refuses to produce communications with regulators about Ponzi scam” »
This past week saw us turn the calendar page to a new month, and along with it a number of new brand launches, new senior management hires, and new records set in the FX industry. Which senior executive joined B2Broker in London, as it gets set to launch its new B2Prime liquidity brand? Which former…
Read More “FX week in review: B2Prime launch, XTB revenues down, Exness volumes top $1.5T” »
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to six new websites that abusively offer financial services. The websites targeted by the latest set of orders are: “Eurotrade” (website https://server.eurotrade.uk.com and domain https://eurotrade.uk.com); “Eurotrades” (website https://eurotrades.com and domain https://client.eurotrades.com); Xertz Consulting LTD (website https://hastrade.pro and domain https://client.hashtrade.io); Surreptitious Group LLC (website…
Read More “Eurotrade and Market Gold have their websites blocked in Italy” »
FNG Exclusive… FNG has learned that Spotware has hired a new business development executive to replace its recently-departed team in that department (more on that below), in the person of Andreas Masouras. Andreas Masouras joins Spotware from MT4/MT5 tech and bridge solutions provider Tools for Brokers (T4B), where he was a sales manager for the…
Clients of IG Securities, the Japanese subsidiary of electronic trading major IG, have been informed of the pending end of the offering of US FANG-related stocks. The broker explains that it is difficult to deliver stable prices to customers all day in the trading of US FANG related stocks. From February 1, 2022, the opening…
Multi-asset investment company Saxo Bank launches its next equity theme basket focusing on women leadership. Saxo is currently running an investor theme focusing on ESG and the percentage of women in companies’ executive team is part of the social aspect of companies. Recent research also shows that there are mostly positive impact on company performance…
Read More “Saxo Bank introduces Women in Leadership theme basket” »
The United States Securities and Exchange Commission (SEC) has reached a partial settlement with Sean Wygovsky, who is charged with fraud in connection with a front-running scheme. A letter submitted by the SEC at the New York Southern District Court today explains that the Commission and Defendant Sean Wygovsky have reached a partial settlement of…
Read More “SEC reaches partial settlement with trader involved in $3.6M front-running scheme” »
FNG Exclusive… FNG has learned that longtime Spotware Systems business development head Alexander Geralis has left the company, to launch his own FX brokerage advisory and services firm called Finthentic. With Finthentic, Mr. Geralis plans to help budding entrepreneurs in Retail FX to launch their own FX/CFD brokerage business, as well as work with existing…
Swiss interdealer broker Compagnie Financière Tradition today posted its key financial metrics for the final quarter of 2021, with the data revealing a rise in revenues. The Group’s activities progressed in the second half of 2021 after a period of normalization of activity during the first half of the financial year given the extreme volatility…
Read More “Compagnie Financière Tradition registers growth in revenue in Q4 2021” »
