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…
CQG, a leading global provider of high-performance technology solutions for traders, brokers, commercial hedgers, and exchanges, has rolled out a new version of its desktop platform. CQG Desktop Version 7.1 comes with a raft of enhancements: General Added a font size toggle for Quoteboard and Quoteboard 2 Improved searching for columns in Manage columns dialog…
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SIX welcomes Swissquote as the 23rd issuer for structured products at SIX Swiss Exchange. Swissquote adds to the unique product diversity for investors by listing a 13.00 % p.a. Callable Multi Barrier Reverse Convertible on Logitech and Temenos Group. With a trading turnover of CHF 20.1 billion and 778,030 trades, 2021 ended successfully for the…
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Shortly after Effex Capital, which was involved in FXCM’s exit from the US retail Forex market, filed a motion to reopen its defamation lawsuit against the United States National Futures Association (NFA), the Court has outlined certain deadlines. The Honorable Andrea R. Wood of the Illinois Northern District Court has directed the defendants to file…
Read More “Court orders NFA to respond to Effex Capital by Feb 9, 2022” »
Institutional crypto storage and custodial company Fireblocks has announced that it has raised $550 million in a Series E funding round, valuing Fireblocks at $8 billion. The funding round was co-led by D1 Capital Partners and Spark Capital, with participation from General Atlantic, Index Ventures, Mammoth, CapitalG (Alphabet’s independent growth fund), Altimeter, Iconiq Strategic Partners,…
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Card issuing platform Marqeta (NASDAQ:MQ) today announced that its payments platform is now certified in Singapore, Philippines, and Thailand, expanding its global reach to 39 countries globally With new certifications in Singapore, Philippines and Thailand, Marqeta’s platform is now enabled in five countries in the Asia Pacific region, having announced its Australian office and supporting…
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The United States Commodity Futures Trading Commission (CFTC) has provided information on the progress of its action against a $4.8 million fraudulent binary options scheme and the individuals behind it. The information is contained in a document filed by the regulator with the Illinois Northern District Court on January 26, 2022, and seen by FX…
Read More “CFTC updates on its action against binary options scam Berkley Capital Management” »
Former Deutsche Bank traders Matthew Connolly and Gavin Campbell Black have managed to secure reversal of their fraud convictions. On January 27, 2022, the Second Circuit U.S. Court of Appeals issued an Opinion reversing the judgments of conviction and remanding the case to the district court for entry of judgments of acquittal. The Appeals Court…
Read More “Former Deutsche Bank traders have LIBOR rigging convictions reversed” »
When many investors choose a foreign exchange platform, they will pay attention to a problem, that is, the spread. In the foreign exchange market, the spreads of each foreign exchange platform are different, some are relatively low, and some are relatively high. Some investors will ask, is there a zero-spread platform in the market, and…
Recently, KPMG, the bankruptcy liquidator of Halifax, released a dynamic update on Halifax’s bankruptcy. The details are as follows: Previously, KPMG predicted that an allocation notice would be sent to investors in January 2022 with a unique code to register and log into the investor portal. But so far, investors have not received that information….
Read More “Halifax Bankruptcy Update: Investor Portal May Open End of February!” »
