The UK Financial Conduct Authority (FCA) announces that publication of 24 LIBOR settings has ended, and the 6 most widely used sterling and Japanese yen settings will be published using a changed methodology from today. The LIBOR settings that have ended are: all euro and Swiss franc LIBOR settings the overnight / spot next, 1-week,…
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The U.S. Commodity Futures Trading Commission has entered an order filing and simultaneously settling charges against Delaware-registered Blockratize, Inc. d/b/a Polymarket, based in New York City, for offering off-exchange event-based binary options contracts and failure to obtain designation as a designated contract market (DCM) or registration as a swap execution facility (SEF). The order requires…
Read More “CFTC puts an end to Polymarket’s event based binary options, fined $1.4M” »
Japanese FX, CFD and stock broker Monex, Inc and Shinsei Bank, Limited today announced the launch of a comprehensive business partnership in the financial instruments intermediary business area. The partnership was initially announced about a year ago. Shinsei Bank and Shinsei Securities transferred the rights and obligations related to Shinsei Bank’s investment trust accounts and…
Read More “Monex, Shinsei Bank launch financial instruments intermediary services” »
Hong Kong Exchanges and Clearing Limited (HKEX) announces the appointment of Ms Kerry Rooks as HKEX Chief People Officer. Ms Rooks will be responsible for the Human Resources function across HKEX Group, leading a team of HR professionals in Hong Kong, Mainland China and internationally, helping to ensure that HKEX continues to have the best…
Read More “HKEX appoints Kerry Rooks as Chief People Officer” »
FX and CFD broker Equiti Group has announced the appointment of Gaurang Desai as Managing Director of Strategy. The move marks the latest in a string of senior hires for Equiti in both its UAE and London offices. These have included Waleed Saleh who joined as Global Head of Market Research, and former OANDA executive…
Read More “Equiti Group hires ex DGCX CEO Gaurang Desai as Managing Director of Strategy” »
Singapore based offshore Retail FX broker Samtrade FX has issued a corporate statement, in response to yesterday’s news that the Monetary Authority of Singapore (MAS) was investigating the company for illegal activity, and that Singapore police had already arrested several of the Samtrade FX management team. The company said that it was taking “immediate steps”…
Read More “Samtrade FX freezes operations and client withdrawals amid arrests, police probe” »
FNG Exclusive… FNG has learned via regulatory filings that FCA licensed Retail FX and CFDs broker Hantec Markets Limited saw a nice uptick in activity in 2020, a year which saw record trading levels at a number of online brokers following the outset of the COVID-19 pandemic. Hantec actually reported 18 months worth of financial…
Read More “Exclusive: Hantec Markets sees 36% increase in 2020 Revenues to £5.3 million” »
FNG Exclusive… FNG has learned that leading UK online broker IG Group (LON:IGG) has promoted Nicos Demetriades to the position of Managing Director and Head of its Cyprus based operation, BrightPool Ltd. IG established BrightPool in 2019 as a CySEC licensed entity. BrightPool is a multi-asset market-making service provider serving the greater IG Group companies….
Read More “Exclusive: IG promotes Nicos Demetriades to head Cyprus operation BrightPool” »
Singapore’s financial regulator the Monetary Authority of Singapore (MAS) has announced that together with the Singapore Police Force it has launched an investigation of offshore online broker Samtrade FX, and its related entities in Singapore. The Commercial Affairs Department (CAD) of the Singapore Police Force and the MAS launched the joint investigation into Samtrade FX,…
Read More “Singapore police arrest 3 Samtrade FX execs amid unlicensed operating probe” »
FNG Exclusive… FNG has learned that Cyprus based Retail FX and CFDs broker BDSwiss has hired Khalil Cheikha as its new VP Sales in Dubai. Khalil Cheikha was a senior account manager with Amana Capital in 2020. From 2019-2020 he was Senior Regional Account Manager with MultiBank. He began his FX industry career at ADSS,…
Read More “Exclusive: BDSwiss hires ex MultiBank and ADSS exec Khalil Cheikha as VP Sales” »
