Tag: forex-news

London based Prime-of-Prime brokerage IS Prime, part of the ISAM Capital Markets Group, has released details of its Fiscal 2021 financial results, reporting Revenues of £37.9 million for the year ended June 30, 2021 (up from £36.1 million in its previous fiscal year end in March 2020), and significant investments to pave the way for future…

Read More “IS Prime reports Revenues of £37.9 million and £10.1 million Operating Profit in 2021” »

Forex broker tech solutions provider Tools For Brokers (T4B) has announced the release of the new version of its Trade Processor liquidity bridge. The latest edition features the introduction of synthetic instruments, as well as improvements in automation and several technical enhancements. The release’s main feature is the support of synthetic instruments – the kind…

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FNG Exclusive… Following our exclusive report from November 2021 that longtime Capital Index executive and COO Heiko Mueller had left the company amidst a full turnover in senior management, FNG has learned that Mr. Mueller has now joined Andrey Dashin’s Retail FX brokerage group Exinity. Based in London, Heiko Mueller will be Exinity Senior Vice…

Read More “Exclusive: Former Capital Index COO Heiko Mueller joins Exinity” »

International derivatives marketplace CME Group today announced that it plans to launch options on Micro Bitcoin and Micro Ether futures on March 28, pending regulatory review. The new Micro Bitcoin and Micro Ether options contracts will be one-tenth of their respective underlying tokens in size and will offer a wide range of market participants –…

Read More “CME Group to launch Micro-Sized Bitcoin and Ether Options” »

Online trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just published its key operating metrics for February 2022. The broker registered 2.499 million Daily Average Revenue Trades (DARTs) in February 2022, 32% lower than prior year and 5% lower than prior month. Ending client equity was $348.5 billion, 6% higher than prior year and 1%…

Read More “Interactive Brokers registers 32% Y/Y drop in DARTs in Feb 2022” »

FNG Exclusive… FNG has learned that UK/Bulgarian online broker Trading 212 has continued to build the board of its London based, FCA licensed arm Trading 212 UK Limited, adding Raj Somal as a Director. Raj Somal joined clearing and custody firm GPP Group in 2016 as Group Legal Counsel, and joined the Board of Directors…

Read More “Exclusive: Trading 212 adds Raj Somal to its Board” »

FINRA’s Department of Enforcement has filed a complaint against Worden Capital Management LLC (WCM). The complaint alleges that, between January 2019 and March 2020, WCM, acting through its chief executive officer, JW, and its registered representatives, raised over $10 million from 121 investors in 22 private placement offerings without disclosing a material conflict of interest—that…

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Several traders have challenged a ruling in favor of Robinhood in a multi-district litigation concerning the January 2021 short squeeze. This becomes clear from a document filed with the Florida Southern District Court on Monday, February 28, 2022. The notice, seen by FX News Group, states that plaintiffs Andrea Juncadella, Edward Goodan, William Makeham, Mark…

Read More “Traders challenge ruling in favor of Robinhood in short squeeze lawsuit” »

Cloud-based provider of international payment, currency risk management and electronic account services Cornerstone FS plc (LON:CSFS) announces that it has appointed Robert O’Brien, General Manager APAC and Middle East, to the newly created position of Interim Chief Operating Officer of Cornerstone’s principal operating subsidiary, FXPress Payment Services Limited. Mr O’Brien will also continue to perform…

Read More “Cornerstone FS names Robert O’Brien as Interim COO of FXPress Payment Services” »