Skip to content

Tag: Forex trading news

Blockchain and Cryptocurrency News 0

CFTC Charges Mango Markets Manipulator with Fraud

<p>The US Commodity Futures Trading Commission (CFTC) brought fraud and <a href=”https://www.financemagnates.com/institutional-forex/cftc-charges-glen-point-capital-for-fx-market-manipulation/” target=”_blank” rel=”follow”>market manipulation</a> charges against Avraham Eisenberg, who publicly admitted his role in draining over $110 million in digital assets from the <a href=”https://www.financemagnates.com/cryptocurrency/education-centre/decentralized-exchanges-dex-explained/” target=”_blank” rel=”follow”>decentralized crypto exchange</a>, Mango Markets.</p><p>CFTC Charges Mango Markets Manipulator</p><p>The lawsuit blamed Eisenberg for violating federal commodities law by using a “manipulative or deceptive […]

By Posted on

Forex Trading News 0

FX Back Office Integrates Match-Trader Trading Platform

<p>FX Back Office, which offers CRM software for forex brokers, has enhanced its offerings with the integration of Match-Trader, the third-party trading platform developed by <a href=”https://www.financemagnates.com/tag/match-trade-technologies/” target=”_blank” rel=”follow”>Match-Trade Technologies</a>.</p><p>FX Back Office Integrates Match-Trader for Complete Trading Ecosystem</p><p>Announced on Wednesday, the integration will allow brokers using the services of FX Back Office to offer trading services using the Match-Trader platform […]

By Posted on

Forex Trading News 0

CME Fines Grand International Futures $500,000 for ID Rule Violations

<p>The Chicago Mercantile Exchange (CME) has imposed a monetary penalty of $500,000 on Grand International Futures Company Limited as a disciplinary action for violating the trading venue’s rules around customer identification.</p><p>CME Fines Grand International Futures</p><p>According to the official announcement, the <a href=”https://www.financemagnates.com/terms/s/settlement/” target=”_blank” id=”2dc6d2c7-1626-4ecf-811e-4c1aabbdb280_1″ class=”terms__main-term”>settlement</a> offer came after a panel of the Chicago-based derivatives exchange giant’s business conduct committee found […]

By Posted on

Forex Trading News 0

Union Standard International (Previously USGFX) Loses FCA Licenses

<p>Union Standard International Group Limited, the United Kingdom-based subsidiary of the USG Group (<a href=”https://www.financemagnates.com/tag/usgfx/” target=”_blank” rel=”follow”>previously known as USGFX</a>), has lost its authorization from the <a href=”https://www.financemagnates.com/terms/f/financial-conduct-authority-fca/” target=”_blank” id=”4c85a54d-15e0-4e44-a214-8c55f71cb286_1″ class=”terms__main-term”>Financial Conduct Authority (FCA</a>), as seen on the regulatory registry.</p><p>USGFX UK No Longer Holding an FCA License</p><p>”This firm can no longer provide regulated activities and products but previously was authorized […]

By Posted on

Forex Trading News 0

NAGA Group Posts 51% Revenue Rise in H1 2022, Will Re-Enter UK

<p>NAGA Group (XETRA: N4G) has published its <a href=”https://www.financemagnates.com/tag/naga/” target=”_blank” rel=”follow”>half-yearly financials</a> for the period until 30 June 2022, reporting consolidated revenue of EUR 35 million improving from EUR 23.2 million in the first six months of the previous year. It was a year-over-year increase of about 51 percent.</p><p>NAGA Posts H1 2022 Results</p><p>In addition, it generated a consolidated EBITDA of […]

By Posted on

Forex Trading News 0

FINRA Fines Justly Markets (Formerly DBOT) $100K for Missing Records of 95M Orders

<p class=”MsoNormal text-align-justify”>The Financial Industry Regulatory Authority (FINRA) has placed a $100,000 monetary sanction on Justly Markets (previously DBOT ATS), a firm that formerly operated as an alternative trading system (ATS), for failing to preserve the memoranda of over 95 million orders it received from its broker-dealer customers between April 2017 and October 2019. The US self-regulatory organization (SRO) censured […]

By Posted on

Forex Trading News 0

Admirals Secures Kenyan License, Plans Takeover in Seychelles

<p class=”MsoNormal text-align-justify”>Kenya’s Capital Markets Authority (CMA) has licensed Estonia-based Admirals as a non-dealing online forex trading broker in the East African country. The global financial technology company announced the development on Thursday.</p><p class=”MsoNormal”>“Admirals hopes the achieving of this license shall assist further growth in Africa and grant access to a stringently regulated market,” Admirals said in a statement.</p><p class=”MsoNormal”>The […]

By Posted on

Forex Trading News 0

Futu and UP Fintech (Tiger Brokers) Face Regulatory Action in China

<p>On Friday, the securities regulator in China said that two brokerage operators, Futu Holding and UP Fintech Holding, have been involved in the unlawful securities business and will be asked to take corrective measures.</p><p>China Takes Action against Futu and Up Fintech (Tiger Brokers)</p><p>Reuters reported that the China Securities Regulatory Commission (CSRC) <a href=”https://www.financemagnates.com/forex/regulation/china-warns-unlicensed-brokers-accepting-mainland-clients/” target=”_blank” rel=”follow”>would ban both brokerage platforms</a> from […]

By Posted on

Forex Trading News 0

FX/CFDs Industry 2022 Roundup: Volatility, MetaTrader Ban and More

<p>It is the last week of 2022 and time to look back at the developments in the forex and contracts for differences (CFDs) industry from the past year. The industry has seen many ups and downs in the past 12 months. It ranges from war-led market <a href=”https://www.financemagnates.com/thought-leadership/understanding-volatility-what-is-it-what-causes-it-and-how-to-play-it/” target=”_blank” rel=”follow”>volatility</a> to a ban of a popular trading platform on a […]

By Posted on

Forex Trading News 0

Holiday Season Pushes Institutional Spot FX Venues’ December Volume Lower

<p>Two major institutional spot forex trading venues, Cboe FX and Deutsche Börse’s 360T, published their trading metrics for December 2022, reporting expected correction in demand from the traders. The dip in the monthly volume in December is an industry trend due to the holiday season.</p><p>Institutions’ Demand for Spot FX</p><p>According to the official figures, Cboe FX Markets ended the month with […]

By Posted on

console.log(jQuery(".engagebay-popup-iframe").contents().find("body"));