Alibaba Group Holding Limited (NYSE:BABA) today announced that Toby Xu, Deputy Chief Financial Officer, will succeed Maggie Wu as the Company’s Chief Financial Officer, effective April 1, 2022. Maggie Wu will remain as a partner in the Alibaba Partnership and serve as an executive director on the Alibaba board. Daniel Zhang, Chairman and CEO of…
Online broker Rakuten Securities Hong Kong will introduce administrative fees for inactive accounts, the company said in a notice to its clients. Starting from January 1, 2022, if the trading account does not conduct any trading activities for 12 consecutive months, an annual administrative fee will be charged. The fee will be equal to the…
Read More “Rakuten Securities HK to impose fees on dormant accounts” »
We’re not sure just how much diligence David Beckham and his people did before signing this sponsorship deal, but the global soccer icon has reportedly signed a multi-year deal to act as a Brand Ambassador for offshore Retail FX broker GemForex. GemForex is one of the many small, faceless Retail FX brokers operating without the…
Read More “David Beckham signs as Brand Ambassador for offshore FX broker GemForex” »
The United States Commodity Futures Trading Commission (CFTC) is pressing ahead with its action against Casper Mikkelsen, the operator of fraudulent investment company GNTFX. This becomes clear from documents filed with the New York Southern District Court on December 3, 2021. In the documents, seen by FX News Group, the Commission confirms that it will…
Read More “CFTC to push for final judgment against GNTFX operator” »
The U.S. Department of the Treasury today delivered its semiannual Report to Congress on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States. In this Report, Treasury reviewed and assessed the policies of major U.S. trading partners, comprising more than 80% of U.S. foreign trade in goods and services, during the…
Read More “US Department of Treasury no longer labels Switzerland as currency manipulator” »
Online trading company Admirals will introduce a minor change to its trading terms, which should not affect more than 1% of its clients. Beginning December 6, 2021, the required distance between the current price and new pending stop and limit orders on all FX and CFD instruments, including Take Profit and Stop Loss orders, must be…
Read More “Admirals announces changes to Stop/Limit settings for FX and CFD instruments” »
Who acquired IG Group’s US-based regulated binary options business Nadex? Which up-and-coming institutional FX and crypto company got billionaire Steven A. Cohen’s attention, to the tune of a $14 million investment? What did social trading focused broker Public.com have to say about how competitor Robinhood’s PFOF client trade execution system was inferior to its model?…
Read More “FX week in review: IG sells Nadex, Steven Cohen’s FX deal, PFOF attacked” »
The United States Securities and Exchange Commission (SEC) has launched an enforcement action against three individuals involved in unlawful insider trading in the securities of Snap Inc. The SEC’s complaint, submitted at the California Central District Court on December 3, 2021, and seen by FX News Group, alleges unlawful insider trading in the securities of…
Read More “SEC charges trio involved in unlawful insider trading in Snap securities” »
Retail FX and CFDs broker Exness has reported its client trading volume stats for the month of November 2021, with the company topping – by a wide margin – its record October figures. October saw Exness top $1 trillion (!!) in client trading volumes, as was first reported by FNG, a first for a retail…
Read More “Exness posts $1.27 trillion in November client trading volumes” »
Online broker eToro has activated 65 new stocks and ETFs for investing, bringing the total number of assets offered on the platform to well over 3,000. Clients of the broker will be able to invest in the below assets, on top of the existing wide array of assets already had listed on eToro: $AKA.US (a.k.a….
Read More “eToro adds 65 new stocks and ETFs to lineup of trading instruments” »
