Tag: forex-news

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” »

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” »

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” »

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” »

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 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” »

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 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” »

Online trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just published its key operating metrics for December 2021, with trading volumes down in both annual and monthly terms. Interactive Brokers reported 2.229 million Daily Average Revenue Trades (DARTs), 3% lower than prior year and 20% lower than prior month, when DARTs were 2.793 million. Ending…

Read More “Interactive Brokers registers 20% M/M drop in DARTs in Dec 2021” »

With its plan to go public via a merger with special purpose acquisition company (SPAC) FinTech Acquisition Corp V in trouble, Retail FX broker eToro has filed with US regulators updated plans that indicate it has renegotiated some aspects of the merger agreement – including a much lower valuation for eToro. While the original deal…

Read More “eToro tries to save SPAC IPO, lowering valuation 15% to $8.8B” »