This week’s forex industry news was dominated by several new company and project launches by well known FX industry people, slightly outside the “mainstream” of the online trading sector. And, it was all brought to you first or exclusively by FNG. What exactly is JFD founder Lars Gottwik’s new startup TRADANTS all about? And how…
Investment bank and financial services firm Jefferies Financial Group Inc (NYSE:JEF) has estimated that its maximum exposure to loss as a result of its involvement with FXCM Group, LLC is limited to $109.5 million. This becomes clear from the report for the quarter to end-August 2021 Jefferies filed with the Securities and Exchange Commission (SEC)…
Read More “Jefferies estimates max loss exposure due to FXCM involvement at $109.5M” »
Ex-Citi Forex trader Rohan Ramchandani has secured a small win in the lawsuit against his former employer, as he gained access to a heavy volume of documents related to the Department of Justice (DOJ) investigation of suspected FX spot market manipulation. Let’s recall that Ramchandani brought this action against Citibank, his former employer. The Complaint…
Read More “Citi ordered to produce material related to DOJ FX spot market investigation” »
CMC Markets Plc (LON:CMCX), a major provider of online trading and institutional technology solutions, today reported transactions in its shares by senior managers. Euan William Marshall, Chief Financial Officer of CMC Markets, acquired 108 shares at a price of 275p per share. The transactions were executed on October 5, 2021. David John Fineberg, Deputy Chief…
Read More “Euan Marshall, David Fineberg acquire shares in CMC Markets under incentive plan” »
Online trading company Dukascopy makes new crypto instruments available for trading on the MT4 platform. In addition to BTC/USD, ETH/USD, LTC/USD, BCH/USD and XLM/USD, four new instruments have been added: DSH/USD (Dashcoin), EOS/USD (EOS), TRX/USD (TRON) and XMR/USD (Monero). The new instruments are already available for trading on Demo and Live accounts. As FX News…
Read More “Dukascopy expands list of cryptocurrencies for MT4 trading accounts” »
Electronic trading major Interactive Brokers Group, Inc (NASDAQ:IBKR) has expanded the lineup of products available to trade on the IBKR platform. Below is a list of the new additions: Cboe Global Markets Mini-Russell 2000 Index Options (MRUT) CME Group E-mini Nasdaq-100 Monday Weekly Options (Q1A – Q5A) E-mini Nasdaq-100 Wednesday Weekly Options (Q1C – Q5C)…
Read More “Interactive Brokers makes new products available on IBKR platform” »
The United States Commodity Futures Trading Commission (CFTC) today announced the filing of a civil enforcement action in the U.S. District Court for the District of Arizona, charging defendants Purvesh Mankad and his affiliated entities CTAX Series, LLC, a CFTC-registered commodity pool operator, and CTAX Partners, LLC, a CFTC-registered introducing broker, with fraudulent solicitation, misappropriation…
Read More “CFTC goes after CTAX Series, Scottsdale Wealth” »
Euroclear has announced management changes at recently acquired MFEX. Having led the business over the last few intense months Jean Devambez has stepped down as CEO of the MFEX group, effective immediately. Brigitte Daurelle is appointed CEO of MFEX, with Carl Palmer appointed as Deputy CEO. Brigitte Daurelle continues to lead the integration of MFEX,…
CME Group is committed to providing the highest levels of market integrity, including the security of CME Group and adjacent ecosystems. Effective Saturday, October 30, access to OAuth authenticated services will require a case-sensitive API ID on all requests. Currently, the following services use OAuth authentication: Reference Data API CME GC Allocator API To avoid…
Read More “CME to bolster security of OAuth authenticated services” »
Cryptocurrency exchange Binance today announces changes to its offering in South Africa. The company will cease offering the following products to South African users: Futures Options Margin Leveraged Tokens With immediate effect, South African users will be restricted from opening new accounts for these products. Users will have 90 days to reduce and close their positions…
Read More “Binance to cease offering options and leveraged tokens in South Africa” »
