Category: forex news

24 Exchange announced today that it completed its first cryptocurrency NDF (non-deliverable forward) trades on its platform involving ED&F Man Capital Markets, XBTO and QCP in February. The company expects additional early crypto NDF trading participants to include Jane Street and others. 24 Exchange, which offers both cryptocurrency and FX institutional trading on one platform,…

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Finablr Plc was placed into administration on 11 March 2022, by a resolution of the directors of the Company. Stephen Goderski and Peter Hart of PKF GM have been appointed as Joint Administrators of Finablr, with immediate effect. The trading in the shares of Finablr will continue to be suspended until further notice. Finablr says:…

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International derivatives marketplace CME Group is introducing event-based contracts designed for the retail audience that will make it easier for everyone to trade their views on daily up or down price moves in some of the world’s most widely quoted benchmark futures markets, including gold, oil, equity indices and foreign currencies. These new daily options…

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Virtu Financial, Inc. (NASDAQ:VIRT) today announced a non-exclusive co-operation agreement with emerging markets specialist Arqaam Capital (Arqaam) to deploy Virtu’s global equity execution algorithms to clients in Middle-Eastern and North Africa (MENA) markets. Under the collaboration, Arqaam will provide market access, settlement and local expertise in MENA equity markets to Virtu clients and Arqaam clients…

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Normally on the giving end of citations, warnings and fines, Cyprus regulator CySEC was on the receiving end this week. European financial regulatory oversight body ESMA made a first-of-its-kind move, in issuing a list of “shortcomings” it found at CySEC, following a review of a number of the countries which host licensed brokers that provide…

Read More “FX week in review: CySEC scolded, eToro results, affiliate compliance, Bitcoin ATM shutdown” »

Digital asset investment firm CoinShares today announced the launch of a physically-backed Cardano exchange traded product (ETP) designed to share the rewards of staking with investors in a transparent way. CoinShares Physical Staked Cardano leverages the Company’s technology platform to provide investors with exposure to Cardano and the rewards for participating in the blockchain’s security….

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Robinhood Markets, Inc. (NASDAQ:HOOD) has submitted an SEC filing making it clear that its Chief Financial Officer Jason Warnick has disposed of some shares in the company. Jason Warnick

The Commodity Futures Trading Commission (CFTC) is pushing for entries of default against Daniel LaMarco and his fraudulent Forex scheme GDLogix Inc. The request was filed on March 11, 2022, with the New York Eastern District Court. The Commission explains that the defendants have failed to file an answer or otherwise move with respect to…

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About a month after Robinhood and Citadel challenged the amended antitrust complaint against them, the plaintiffs in a multidistrict litigation (MDL) related to the January 2021 short squeeze have submitted their response at the Court. Let’s recall that, according to the plaintiffs, this case involves a collusive agreement to restrict individual investors from exercising control…

Read More “Traders reiterate claims of anticompetitive agreement between Robinhood and Citadel” »

Several days after the Commodity Futures Trading Commission (CFTC) confirmed that it is unable to ascertain the current address or whereabouts of Jase Davis, an individual behind fraudulent Forex scheme ROFX, the Court has issued an order that is set to simplify the proceedings. Judge Darrin P. Gayles of the Florida Southern District Court has…

Read More “CFTC allowed to use alternate service on key defendant in ROFX case” »