We reported back in July 2020 that Vantage FX CMO David Bily was leading a new project for the Australia based Retail FX group, spinning off a new offshore brand called Moneta Markets. Well nearly a year and a half has passed since then, and the “project” has grown into a viable brokerage in its…
Read More “Vantage FX CMO David Bily leaves to focus full-time on Moneta Markets” »
Forex broker software provider Your Bourse has announced the release of its latest FIX API solutions for MT4 and MT5 brokers as part of their Platform-as-a-Service, with unique capabilities that enhance the customer experience and protect profitability. The recently released Your Bourse FIX API offers a world-class solution for brokers by including the capability to issue…
Read More “Your Bourse releases FIX API solutions for MT4 and MT5 brokers” »
As a lawsuit brought by the Commodity Futures Trading Commission (CFTC) against former HSBC executive Christophe Rivoire continues, the defendant is seeking the judicial authorities of the United Kingdom in obtaining necessary witness testimony via videoconference from non-party Paul J. Bye (P.J. Bye) who in 2012 served as Managing Director and Global Head of Public…
Read More “Former HSBC director faces call for testimony in CFTC case” »
BNP Paribas today announces that it has signed a referral agreement with Credit Suisse to support their Prime Services and Derivatives Clearing customers in their selection of alternative providers for such services, in order to ensure a smooth migration of Credit Suisse business in the context of its recently announced exit from Prime Services activities….
Read More “BNP Paribas reaches agreement with Credit Suisse for Prime Services customers” »
ICE Futures U.S. has taken disciplinary action against Zihao Chen for violations of a number of the rules of the Exchange, including trade practice violations. A Hearing Panel of the Exchange’s Business Conduct Committee found that, from June 2014 through August 2019, Chen violated Exchange Rules 4.02(c), 4.02(d), 4.02(f), and 4.04. The Panel found that…
Read More “ICE bans trader who generated $1M in profit to the detriment of his employer” »
Shortly after Apex Clearing, a defendant in the “Other Broker” tranche of the multi-district litigation concerning the January trading short squeeze, sought to dismiss the allegations against it, the plaintiffs in this lawsuit replied, reiterating their claims against Apex. The traders’ reply was filed in the Florida Southern District Court on November 5, 2021. According…
Read More “Traders claim Apex’s securities purchase shutdown is classic negligence” »
San Francisco and Dublin based Stripe, which builds payment infrastructure for the internet, has announced that Matt Huang has joined its board of directors. Matt Huang is co-founder and Managing Partner at crypto investment firm Paradigm. He was previously a partner at leading Silicon Valley VC firm Sequoia Capital where he focused on early-stage venture…
Read More “Stripe builds crypto capabilities adding Matt Huang to its BoD” »
Less than a month after online trading company Robinhood revived its efforts to dismiss a multi-district litigation over the trading restrictions it imposed in January 2021, the traders who brought the lawsuit have responded to Robinhood’s arguments. The traders’ response was submitted at the Florida Southern District Court on November 5, 2021. According to the…
Read More “Robinhood’s trading restrictions go beyond contractual discretion, traders say” »
FNG Exclusive… FNG has learned that Spreadex founder and longtime CEO Jonathan Hufford has stepped down from his executive role at the company, handing the CEO reins over to longtime Spreadex executive David Mackenzie. Jonathan Hufford will remain on the Board as a Non-Executive Director. David Mackenzie joined Spreadex in 2003, and was appointed to…
Read More “Exclusive: Spreadex CEO Jonathan Hufford steps down, as revenues rise 41% in 2021” »
While last week’s Forex industry news was dominated by broker results, this week’s version was all about people. At FNG we brought you exclusive coverage of senior executive moves at Trading 212 (new CFO), Capital Index (new CEO), Zenfinex (also a new CEO), as well as reports of folks moving at Liquidity.net, CGS-CIMB, Gold-i, and…
