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Brokers
Breaking: IronFX UK Rents Out Leased Premises, Posts Loss for 2016
2017-05-14T10:02:54.000+02:00
The headcount at IronFX UK is reduced to a bare minimum as the firm appears to have shifted all operations to Cyprus.
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Victor Golovtchenko
Executive Moves
Trading Places: Plus 500, Hotspot See New Senior Appointments
2017-05-01T08:09:25.000+02:00
Catch up on the latest moves from around the financial industry this past week.
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Regulation
FCA Exposes Unregulated Brokerage StrattonFX with Fake Address
2017-04-29T00:06:50.000+02:00
The firm is using a fake address in the UK while mimicking the name of an FCA regulated company.
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Executive Moves
FCA’s Regulatory Decisions Committee Adds Two Senior Members
2017-04-25T11:39:21.000+02:00
Karen Johnston and Nick Lord have been added to the FCA's Regulatory Decisions Committee.
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Prime Brokerage
Breaking: GCM Prime Disassociates Firm from Gallant Capital Markets
2017-04-20T19:08:51.000+02:00
GCM Prime is an FCA regulated company that is independent of GCMFX and Gallant Capital Markets
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Victor Golovtchenko
Regulation
Barclays’ CEO Faces Probe, Pay Cut After Whistleblower Allegations
2017-04-10T08:49:46.000+02:00
Jes Staley is facing a probe from US and UK regulators over his alleged unmasking of a whistleblower.
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Technology
MahiFX Gets FCA Authorization, Adding a Third Regulatiory Jurisdiction
2017-04-05T14:54:21.000+02:00
The technology provider has acquired a principal and agent license from the FCA.
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Regulation
WhatsApp Snafu Earns Jefferies MD, Christoper Niehaus $46k Fine from FCA
2017-03-31T12:48:11.000+02:00
Christoper Niehaus was fined $46,000 from the FCA for improperly sharing sensitive client information over WhatsApp.
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Brokers
CMC Markets Marks Rise in Client Numbers, CEO Praises Brexit
2017-03-30T10:26:17.000+02:00
Peter Cruddas predicts “bright future as an independent trading nation”.
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Execution
Best Execution Importance, FCA's Quest for Transparency and How to Get There
2017-03-30T06:56:22.000+02:00
The FCA has been stressing the importance of best execution practices for quite some time.
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Brokers
Exclusive: IKON Finance Agrees to FCA Voluntary Requirement, Suspends Trading
2017-03-29T19:02:54.000+02:00
The company has suspended the processing of client orders pending a review of operational procedures.
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Brokers
IG Group Reports a Decline in Revenues Amid Declining Customer Value
2017-03-23T09:39:05.000+02:00
Revenues per client for IG Group declined materially year-on-year.
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Executive Moves
FCA's Board Secures Nick Stace as a Non-Executive Director
2017-03-21T14:28:56.000+02:00
Nick Stace has joined the FCA's board for a three-year appointment.
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Brokers
Pepperstone's Trading Operations in the UK Temporarily Suspended
2017-02-28T12:47:49.000+02:00
Pepperstone has informed clients in the UK that trading activities are temporarily suspended.
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Blogs
How New FCA Regulations are Going to Affect Retail Brokers
2017-02-27T16:21:57.000+02:00
The outlook of many brokerage managers is that the new regulations will have a consolidating effect.
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Guest Contributors
Analysis
Growing Regulatory Pressure and FXCM's Facelift - Best of the Week
2017-02-26T12:07:45.000+02:00
Playtech and FXCM, alongside the Israeli and Dutch regulators, all feature in last week's top stories.
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Dan Magen
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Regulation
FCA May Bring Binary Options Under its Remit by January 2018, Enquiries Grow
2017-02-24T22:31:16.000+02:00
Binary options products were the most enquired-about category for the FCA centre in the last year.
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Aziz Abdel-Qader
Blogs
The Most Trusted Jurisdictions For FX Regulation
2017-02-10T16:56:18.000+02:00
Which jurisdictions are the most trusted in terms of FX regulation?
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Brokers
Darwinex Addresses FCA Changes for CFDs, Questions Effectiveness
2017-02-10T16:12:22.000+02:00
Darwinex voiced multiple disagreements regarding the FCA's consultation paper that transformed the FX, CFD industry.
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Brokers
FCA Issues Warning on STP Markets
2017-02-09T19:24:25.000+02:00
The FCA has warned of STP Markets for its unauthorized activity in the UK.
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Prime Brokerage
Stater Global Markets Onboards David Dohmen as Head of Compliance
2017-02-09T13:02:42.000+02:00
Dohmen joins the firm after spending over 17 years of his career in legal and compliance roles in Amsterdam and London.
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Brokers
Exclusive: Destek Markets UK Gains FCA License, Adds Matthew Wright as CEO
2017-02-08T17:33:28.000+02:00
Matthew Wright is the new CEO of Destek Markets UK Limited, following its new FCA license.
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Innovation
Tramonex Labs Gets Approved by UK Regulator to Issue Currency on Blockchain
2017-02-06T15:30:59.000+02:00
The testing of cross currency payments on blockchain is addressing the lack of regulation in the cryptocurrencies space.
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Avi Mizrahi
Regulation
Deutsche Bank Slapped with Massive Fines on Both Sides of the Atlantic
2017-01-31T10:20:51.000+02:00
Deutsche Bank has to pay about $628.5 million over a Russian 'mirror-trading' money laundering scheme.
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Avi Mizrahi
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Executive Moves
Former UK Financial Watchdog's Tracey McDermott Joins Standard Chartered
2017-01-30T09:37:35.000+02:00
McDermott’s appointment is part of the bank’s plans to step up its compliance and controls after numerous probes.
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Finance Magnates Staff
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