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Retail FX
IC Markets Gets Hit Again with €50K Fine from CySEC after €200K Penalty
2024-09-04T15:20:58.230+02:00
The regulator has imposed the fine for not meeting standards for client order execution and cost transparency.
Earlier, the firm was fined by the regulator for exceeding the EU’s 30:1 leverage limit.
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Retail FX
XTB Establishes Sponsorships in UAE Boxing and Greek Economics Olympiad
2024-09-03T17:15:03.010+02:00
The firm has sponsored the Polish young economists' team at the Economics Olympiad.
Details of XTB's sponsorship agreements in both the UAE and Greece have not been disclosed.
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Retail FX
IUX Signs First Sports Partnership as Official Trading Partner of Fulham FC
2024-09-03T11:51:03.848+02:00
Founded in 2016, the firm offers currencies, stocks, indices, cryptocurrencies, and commodities.
Recently, the firm rebranded from IUX Markets, introducing a new logo and domain.
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Executive Moves
Tickmill Appoints New Managing Director and Head of Partnerships for MENA
2024-09-02T15:26:23.274+02:00
Joseph Dahrieh served as Managing Principal and Country Manager at Tickmill.
Elie Tarabay, formerly Senior Manager Client Partnerships, has been promoted.
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Retail FX
Admirals Group Cuts Operating Expenses by 9% and Improves Net Loss in H1
2024-08-30T14:45:13.011+02:00
The firm increased trading revenue by 4% and achieved positive EBITDA.
Last April, it suspended customer onboarding for its EU operations to comply with CySEC.
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Retail FX
UP Fintech Reports $87M Revenue and $106B Trading Volume in Q2
2024-08-30T11:16:57.507+02:00
The firm achieved $5.2M in non-GAAP net income and reported a $7B net asset inflow.
Commission income was $34.1 million, while the total account balance grew to $38.2 billion.
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Retail FX
LiteFinance Scores Big in Multi-Year Partnership with Leicester City
2024-08-29T18:52:47.578+02:00
The club has a strong global following, particularly in Southeast Asia.
Founded in 2005, LiteFinance provides trading services in 29 languages worldwide.
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Retail FX
Saxo Bank Reports 35% Profit Increase for H1 amid Restructuring
2024-08-29T13:27:40.675+02:00
The bank’s total income increased to EUR 311 million, despite low market volatility.
Client assets hit EUR 109 billion, with over 1.2 million clients as of June 2024.
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Executives
Former CEO of Morgan Stanley Europe Takes Over flatexDEGIRO AG
2024-08-28T18:54:52.738+02:00
Oliver Behrens will lead flatexDEGIRO AG and flatexDEGIRO Bank AG from October.
Earlier, he was a Member of the Board at Deka-Bank and served as Deputy CEO.
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Executives
iSAM Securities Moves Barry Flanigan up the Ladder to Head of Asia Pacific
2024-08-28T14:04:32.022+02:00
Flanigan has been at iSAM Securities for over nine years, most recently as Head of Electronic Trading.
He joined iSAM in 2009, holding roles like FX Operation and Integration and Senior Operations Analyst.
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Retail FX
AvaTrade Expands to Latin America with Colombian Regulatory Approval
2024-08-27T15:38:13.823+02:00
Founded in 2006, the firm now operates 20 offices worldwide, supporting over 400,000 traders.
The Financial Superintendence of Colombia has authorized the firm for its expansion.
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Retail FX
Webull UK Launches Exchange-Traded Options and New Savings Features
2024-08-27T11:05:42.368+02:00
Options trading has followed the recent introduction of Webull Savings for UK users.
The firm has extended 24-hour trading to Thailand after launching the feature in Malaysia.
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Executives
Scope Markets Executive Takes on Chief Business Development Role at Zara FX
2024-08-23T14:51:34.325+02:00
Christiana Lazaridou was the Head of Partnerships at Eurotrader.
She will manage business development strategies in a hybrid work setting.
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Retail FX
RoboMarkets Debuts Trading API for R StocksTrader, Supporting Algorithmic Trading
2024-08-23T12:45:54.930+02:00
The firm removes all order placement fees on R StocksTrader starting September 2, 2024.
The platform features over 150 stocks, including Reddit Inc., Artiva Biotherapeutics, Asana, and Y-mAbs Therapeutics.
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Retail FX
Interactive Brokers Rolls Out CHF Bonds and Extends Trading Hours
2024-08-22T16:40:39.140+02:00
Clients can access more liquidity for European Government Bonds and UK Gilts on the platform.
The firm offers bonds in USD, EUR, GBP, CAD, and HKD, alongside stocks and other assets.
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Retail FX
VT Markets and Newcastle United Kick Off New Partnership
2024-08-16T14:26:23.868+02:00
The club and the firm exchanged tokens of appreciation, including a ‘77’ jersey.
The ceremony was held at Saitama Stadium on July 31.
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Retail FX
Breaking: TipRanks Lands in Prytek’s Hands with $200M Deal
2024-08-15T13:33:04.672+02:00
TipRanks, founded in 2012, delivers data insights to over 50 million investors monthly.
Prytek first invested in TipRanks in 2017 and has now decided to fully acquire the company.
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Retail FX
Investors Gain Round-the-Clock Access to US Stocks with Interactive Brokers' CFD Offering
2024-08-15T11:49:26.442+02:00
New CFDs on US equities offer 24/5 access to over 3,500 stocks and ETFs.
CFDs on US stocks now available with lower margin requirements and no borrowing costs.
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Retail FX
FCA Slaps £276K Fine on FXTB for Unauthorised Investment Advice
2024-08-14T11:56:21.135+02:00
Customers were pressured into CFD trading and encouraged to borrow from friends and family, FCA claims.
The initial fine of £1.21 million was reduced due to FXTB's demonstration of serious financial hardship.
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Executives
Scope Markets Taps Doo Group Veteran as Global Head Business Development
2024-08-14T10:24:43.264+02:00
Fraser Nelson held various positions at Doo Group, including serving as Head of Institutional Clients.
The appointment follows Scope Markets' recent rebrand to enhance global market accessibility.
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Retail FX
ASIC Sues ASX over Allegedly Misleading CHESS Project Statements
2024-08-14T08:03:27.674+02:00
ASX’s misleading statements damaged market trust and had broad impacts, claims ASIC.
This case follows a recent $1,050,000 penalty imposed on ASX by ASIC in March 2024.
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Retail FX
Swissquote Reports 19% Revenue Growth: “Record Client Assets” of CHF 68 Billion
2024-08-13T07:34:06.250+02:00
The company’s pre-tax profit for H1 surged 35.9% to CHF 169.7 million.
The firm has raised its 2024 pre-tax profit target to CHF 320 million.
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Retail FX
Axi and Girona FC Extend Their Winning Streak with New Two-Season Deal
2024-08-12T14:06:39.976+02:00
The Penalty Challenge featured Girona players showing off their football and trading skills.
The firm also partners with Manchester City FC, Manchester City Women, and Esporte Clube Bahia.
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Retail FX
Prop Firm FXIFY Faces MetaQuotes Ban: US MetaTrader Access Ending
2024-08-12T11:18:04.746+02:00
The firm is to move US traders to DX due to MetaQuotes' directive.
The firm plans to launch FXIFY Futures soon, expanding its product range.
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Retail FX
Fund Managers Extend Hedging and Automation amid FX Volatility: 65% Increase Tenors
2024-08-08T14:49:16.776+02:00
A stronger dollar has negatively affected returns and increased operational costs for 83% of fund managers
79% of fund managers are now hedging forecastable currency risk, with average hedge ratios and tenors increasing.
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