Category: forex news

International derivatives marketplace CME Group today announced that more than 1 billion Micro futures and options contracts have been traded to date. “Retail participation across CME Group continued to grow during the first half of the year, and our innovative, Micro-sized products help ensure that both individual and institutional clients can even more easily access…

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Judge John P. Cronan of the New York Southern District Court has slammed the United States Commodity Futures Trading Commission (CFTC) over the ways it has tried to effect service of its complaint against Casper Mikkelsen, who stands accused of Forex fraud. The CFTC initiated this action on May 18, 2020. The Complaint alleges that…

Read More “CFTC fails to secure default judgment against Forex fraudster Casper Mikkelsen” »

Spotware, the company behind the popular cTrader platform, today announces the release of its brand new collection of FIX API examples using quickFIX/n library. The new FIX API examples consist of a console application, a WinForms application, a WPF application and an ASP .Net Core application. Console Application The console application is a simple tool…

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Online trading company Dukascopy Japan is improving trading conditions for its clients who trade on the MetaTrader 4 (MT4) platform. In a short notice published on its website today, the broker informs its clients that the transaction fee for MT4 trading accounts has been reduced. The changes are effective Monday, August 30, 2021. The transaction fee…

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Travelex Topco Limited and its subsidiaries (the “New Travelex Group”) have reported financial results for the first half of 2021. For H1 2021, Travelex reported an EBITDA loss of £39.7 million (£18.7m loss in Q2) as travel restrictions eased marginally. Revenue was £54.9 million for H1 2021 (21% of 2019), 45% lower than the result…

Read More “Travelex registers 45% drop in revenue in H1 2021” »

More than two months after the United States Securities and Exchange Commission (SEC) went after Hollywood actor and producer Steven Seagal accusing him of having failed to pay the full amount of a fine for unlawful initial coin offering touting, the regulator has won the case against the Hollywood actor and producer. On August 27,…

Read More “Court orders Steven Seagal to pay full fine for illegal ICO touting” »

Multi-asset electronic trading solutions provider smartTrade Technologies has announced that it has inked an expanded partnership with SBI Liquidity Market, a Japanese leading FX infrastructure solution and liquidity provider. smartTrade will provide support for SBI FXTRADE’s cryptocurrency derivative trading operations, which complement the existing FX business of SBI Liquidity Market. As part of the agreement,…

Read More “smartTrade expands deal with Japan’s SBI Liquidity to crypto trading” »

The United States Securities and Exchange Commission (SEC) has obtained a judgment against a trader who posted false statements over Twitter and another social media site while purchasing and selling securities. According to the SEC’s complaint, Andrew L. Fassari used the Twitter pseudonym @OCMillionaire to tweet false statements about a defunct Nevada company to inflate…

Read More “SEC secures judgment against trader who posted false stock tweets” »

Leading international banking group Standard Chartered and supply chain finance technology solution provider in China Linklogis are forming a joint venture to establish Olea, a fully-digitised trade finance origination and distribution platform. Olea aims to bring together institutional investors seeking opportunities in an alternative asset class with businesses requiring supply chain financing, subject to regulatory…

Read More “StanChart, Linklogis to establish blockchain-enabled trade finance platform” »

Well that didn’t take long. On the heels of a massive $75 million court order against now-defunct binary options and CFD broker AlphaBinary made just a week ago, Australia’s financial regulator ASIC issued what it calls “a product intervention order” imposing conditions on the issue and distribution of contracts for difference (CFDs) to retail clients….

Read More “ASIC matches EU regulators with 30x CFD leverage cap” »