Crypto Gator | The Best Cryptocurrency, Blockchain and Forex News Aggregator
The Best Cryptocurrency, Blockchain and Forex News Aggregator
The Australian Securities & Investments Commission (ASIC) issued a notice on Wednesday, calling out investment product issuers and ordering them to ‘lift their game’ around design and distribution obligations (DDO). ASIC Finds Lapses in Financial Products’ DDO It came as the Aussie regulator found target market deficiencies in the offerings of several investment product issuers. The regulator highlighted that it […]
UK Regulator Raises Alarm on Clone of LCGOn Wednesday, the Financial Conduct Authority (FCA) warned investors against a clone of London Capital Group (LCG), an authorized spread betting and CFD trading provider. The British watchdog said the clone has been contacting British citizens, pretending to have requisite permission. According to the FCA, the scam platform operates the websites: www.cintra.group/, www.londoncapitalgroup.pro […]
Massachusetts’ securities watchdog will appeal against a ruling delivered last year in favour of Robinhood following its enforcement action against the online brokerage in December 2020. Massachusetts Secretary of State, Bill Galvin, and Robinhood will argue the validity of the regulator’s fiduciary duty rule at the Supreme Judicial Court of Massachusetts, Reuters reported on Wednesday.Regulator Appeals Case at Supreme CourtGalvin […]
Saxo Bank released its trading metrics for April on Wednesday, reporting its lowest monthly forex volume since December 2021 when it posted $95.7 billion. The total forex volume of the Copenhagen-based retail FX and CFDs brokerage slumped 34%to $102.8 billion, which is down from $155.6 billion in March 2023. In addition, the average daily volume of forex traded on the […]
Spot foreign exchange on the Moscow Exchange (MOEX), Russia’s largest exchange group, declined 10% month-over-month (MoM) in April to RUB 7.6 trillion ($96 billion). This tallies with drops in spot FX volumes across major trading venues in other regions. However, compared year-over-year, the exchange’s spot FX trading grew 8.1%, with swaps and forwards volumes reaching RUB 14.3 trillion ($180.5 billion). […]
The Dow Jones, S&P 500 and Nasdaq 100 plunged after the Fed rate decision, Powell’s press conference, and another troubled regional bank, PacWest, deteriorated sentiment. Where to? Read More
The gold price jumped toward record highs today as the market deciphers the implications of the Fed rate decision, lower Treasury yields and a soft US Dollar. Where to for XAU/USD? Read More
The US Dollar descended again today after the market perceived the Fed to have delivered a dovish hike in rates. Crude went into a tailspin while gold found new legs. Will USD break lower? Read More
Compagnie Financière Tradition (CFT), a Swiss interdealer broker and operator of a Japanese retail broking giant, released its financials for the first quarter of 2023, reporting a consolidated revenue of CHF 271.6 million. It jumped 9.6 percent from the previous year’s CHF 247.7 million. At a constant exchange rate, the year-over-year increase touched 14.3 percent. CFT Had a Strong Start […]
StoneX Group (Nasdaq: SNEX), which owns Forex.com and City Index brands, ended the three months between January and March with a decline of 38 percent in revenue from its forex and contracts for difference (CFDs) units. Strong Pullback in FX/CFDs Demand According to the recently filed Form 10-Q with the Securities and Exchange Commission (SEC), StoneX generated $61.8 million in […]
