Category: forex news

After paying $128 million to buy BidFX last year, Singapore Exchange (SGX) has announced that it is further extending its reach into the FX over-the-counter (OTC) space by acquiring the single source and direct-to-market FX trading platform, MaxxTrader. SGX will acquire MaxxTrader from FlexTrade Systems, a global leader in multi-asset execution and order management systems,…

Read More “SGX expands FX-OTC business buying MaxxTrader from FlexTrade for $125M” »

Australia financial regulator ASIC has taken another step to pull closer to its European counterparts, in terms of what it allows to be offered to retail traders. Until recently Australia was the last “properly regulated” nation that still allowed retail traders of forex and CFDs to use near-unlimited leverage, but that was nixed as of…

Read More “ASIC bans Binary Options for retail traders in Australia” »

Shares of UK online trading leader IG Group (LON:IGG) traded up by more than 4% on Thursday, after IG reported second-half 2021 results (the company has a May 31 fiscal year end), as well of course as FY2021 numbers. IG’s figures seemed to please the market, with second-half revenues up by 5% over record 1H…

Read More “IG shares rise 4% after reporting second half 2021 results” »

The European Commission today announces that it has approved, under the EU Merger Regulation, the acquisition of joint control over a newly created joint venture by IHS Markit Ltd and CME Group Inc. The joint venture will consist of IHSM’s over-the-counter derivatives and foreign currency trade processing business (MarkitSERV) and of CME Group’s OTC derivatives…

Read More “European Commission clears acquisition of JV by IHS Markit and CME” »

Leading Swiss online trading firm Swissquote is offering its clients to make the most of the vast financial universe via a new “Investment Inspiration” widget. The solution offers traders a daily and personalised selection of stocks, based on their trading activity. «Investment Inspiration» is available on Swissquote’s eTrading platform. Swissquote’s trading platform offers thousands of…

Read More “Swissquote introduces new Investment Inspiration widget” »

FNG Exclusive… FNG has learned that London based CFDs broker ETX Capital has continued its hiring spree following its acquisition late last year by Swiss fintech investor Guru Capital SA, adding Juan Amiguet to the newly created position as Head of Data. Holding a PhD in meta-data propagation from the University of Twente, Juan Amiguet…

Read More “Exclusive: ETX Capital hires Swissquote alum Juan Amiguet as Head of Data” »

The United States Securities and Exchange Commission (SEC) today launched a securities fraud enforcement action against Charlie Abujudeh. The complaint, filed at the New York Eastern District Court and seen by FX News Group, alleges that Abujudeh engaged in fraudulent schemes to sell publicly traded stock to retail investors. From not later than August 2019…

Read More “Undercover FBI agent helps SEC bust fraudulent securities scheme” »

Global clearing house LCH today announced the appointment of Rohit Verma as Head of Asia Pacific, effective 26 July 2021. Based in Singapore, Rohit Verma will report to Isabelle Girolami, CEO, LCH Ltd. He will be responsible for LCH’s business in Asia Pacific, including the clearing house’s operations in Singapore, Sydney and Tokyo. Mr Verma…

Read More “Rohit Verma to join LCH as Head of Asia Pacific” »

Citi announces the launch and roll out of a new global Real-Time Liquidity Sharing solution, addressing a pressing need for companies to secure improved efficiencies in liquidity and working capital. Part of Citi’s Liquidity Optimization product suite, the new globally consistent platform is launching across six countries and jurisdictions in Asia Pacific – Australia, China,…

Read More “Citi launches Real-Time Liquidity Sharing solution” »

CLS, a financial market infrastructure delivering settlement, processing and data solutions across the global FX ecosystem, announced that it completed Convergence, a significant phase of its multi-year technology investment program, to deliver one of the most sophisticated, resilient, scalable and flexible post-trade technology platforms across global financial market infrastructures (FMIs). Convergence is the largest change…

Read More “CLS completes migration of settlement service to new platform” »