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Online trading company Rakuten Securities Australia is further expanding its lineup of trading instruments. The broker has announced the addition of a set of trading products involving metals to its offering. The following metal products are now available to trade: XAUEUR (Gold/Euro) XAUGBP (Gold/Sterling) XAUAUD (Gold/Australian Dollar) XAUCHF (Gold/Swiss Franc) XAUJPY (Gold/Yen) XAGEUR (Silver/Euro) XAGAUD…

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Germany’s Federal Financial Supervisory Authority (BaFin) announces that it has imposed an administrative fine of EUR 8.66 million on Deutsche Bank AG. The regulator explains that, as a supervised contributor to EURIBOR, the bank at times did not have in place effective preventive systems, controls and policies within the meaning of Article 16(2)(a) of the…

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About a month after the Court sided with Interactive Brokers in a lawsuit alleging the electronic trading major aided the Ponzi scam orchestrated by Haena Park, the plaintiff has filed an amended complaint. The document, submitted at the the California Northern District Court and seen by FX News Group, provides more detailed allegations about Interactive…

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U.S. derivatives market regulator The Commodity Futures Trading Commission (CFTC) has announced that it has filed a civil enforcement action in the U.S. District Court for the District of New Jersey against WorldWideMarkets, Ltd., TAB Networks, Inc., Thomas Plaut of Saddle River, N.J., and Arthur Dembro of New York, N.Y., charging them with fraud and…

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FNG Exclusive… FNG has learned that Cyprus based Retail and Institutional FX broker TopFX has opened a new office in Dubai, to serve Arabic speaking and MENA region clients. The new TopFX office, located in the Burlington Tower in the Business Bay area of Dubai, will be headed by new hire Omar Al-Janabi. Mr. Al-Jabani…

Read More “Exclusive: TopFX hires Tickmill alum Omar Al-Janabi to head new Dubai office” »

FNG Exclusive… Following up our recent exclusive coverage of the series of senior management departures at Retail FX broker ADSS at both its UAE headquarters and its FCA regulated London operation, FNG has learned that two more senior executives are leaving ADSS at year-end. The latest two to leave ADSS are Chief Compliance Officer Roland…

Read More “Exclusive: ADSS departures continue – Heads of Compliance and Front Office leave” »

FNG Exclusive… FNG has learned that Cyprus based FX broker and services provider TopFX has seen the departure of senior management member Michael Nichols. Michael Nichols joined TopFX in early 2019 as Head Of Institutional Sales, and was later promoted to Director Of Institutional Sales. Prior to TopFX he was a B2B sales consultant to…

Read More “Exclusive: TopFX institutional sales head Michael Nichols resigns” »