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Brokers
FCA Suspends BDSwiss from Offering CFDs in UK, the Group Responds
2021-08-06T07:35:37.000+02:00
BDSwiss Group remains in talks with the regulator after misleading affiliate operations led to the suspension of services.
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Institutional FX
IHS Markit, CME Get UK Antitrust Agency's Nod for Joint Venture
2021-07-27T14:37:07.000+02:00
The two will combine their post-trade services.
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News
Revolut Raises $800 Million in Funding at $33 Billion Valuation
2021-07-15T12:53:36.000+02:00
It is now one of Europe’s most valued fintech startups.
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Regulation
UK FCA Bans Matthew Creed from Performing Regulated Activities
2021-07-14T18:41:09.000+02:00
Creed was sentenced in 2018 to 18 months of imprisonment, which was suspended for two years.
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Institutional FX
FCA Warns Retail Banks over Lapses in AML Systems
2021-07-14T10:18:38.000+02:00
Banks have to access all weaknesses in their systems by September 17, 2021.
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Brokers
AETOS UK Breaks Even in FY21 as Sales Cost Drops
2021-07-14T09:04:17.000+02:00
The brokerage reported total revenue of £863,726 for the financial year.
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News
UK Authorities Conduct a Record-Breaking Crypto Seizure Worth $249 Million
2021-07-14T00:25:12.000+02:00
The seizure was made in the context of an ongoing investigation related to an international money laundering case.
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Institutional FX
Major Banks to Face Hearings in a London Court over a Forex Rigging Case
2021-07-12T19:30:44.000+02:00
The London’s Competition Appeal Tribunal (CAT) will decide on the feasibility to continue with the case.
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Brokers
Special Administrators of SVS Securities Warn about a Fraudulent Email
2021-07-09T23:45:28.000+02:00
The unauthorized email asks people to click on a link with the excuse to reset their expired password.
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News
UK Advertisement Regulator Puts Crypto on ‘Red Alert’ Priority
2021-07-09T12:17:22.000+02:00
The agency is considering clamp down on Bitcoin ads on online and social media platforms.
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Brokers
UK Broker Zenfinex Invests Heavily in Tech and Infrastructure in FY20
2021-07-08T10:52:24.000+02:00
The administrative costs of the company shot up to £514,198.
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Brokers
Pepperstone UK Doubles Revenue and Profits in FY2020
2021-07-07T09:14:40.000+02:00
The FCA-regulated broker reported total revenue of £12.7 million for the period.
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Brokers
Hirose UK Generates Profits for FY21 with Solid Gain in Revenue
2021-07-06T08:40:47.000+02:00
The broker turned a profit of £464,915, compared to the previous year’s loss of £47,137.
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Executive Moves
Salim Sebbata Joins BUX as UK CEO
2021-07-05T08:31:29.000+02:00
Previously, he was the UK Director at Livemarkets and Head of Business Development at Trade.com.
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Exchanges
Binance Users Report Issues with Sterling Deposits and Withdrawals
2021-06-29T22:03:52.000+02:00
The crypto exchange has not publicly reported issues with payment gateways that process sterling transactions.
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News
NatWest Group Imposes Limits on Transfers to Crypto Exchanges
2021-06-29T20:09:40.000+02:00
The holding did not specify which crypto exchanges were included on the caps imposed.
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News
UK Crypto Firms Are Withdrawing FCA Registration Applications
2021-06-29T15:28:58.000+02:00
A total of 64 crypto companies have taken their applications back.
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News
UK Authorities Seize $158 Million Worth in Cryptocurrencies
2021-06-25T04:26:44.000+02:00
The seizure could be one of the biggest one-of-its-kind globally.
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Regulation
FCA Warns against 111 Unregistered Crypto Companies
2021-06-23T10:23:09.000+02:00
The regulator has mandated the registration of UK crypto firms.
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News
Revolut Losses Deepen in 2020 despite 57% Revenue Jump
2021-06-21T14:49:31.000+02:00
The $5.5 billion startup is planning for further fundraising.
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News
2.3 Million UK Adults Hold Crypto Assets: FCA
2021-06-17T14:27:01.000+02:00
Understanding of crypto among investors is declining.
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Brokers
Interactive Brokers (UK) Posts 21% Jump in 2020 Revenue
2021-06-16T08:22:28.000+02:00
The broker generated a pre-tax profit of £15.3 million in that period.
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Retail FX
UK FCA Warns on Clone Firms from Two Financial Companies
2021-06-09T19:11:30.000+02:00
The financial watchdog says fraudsters are using clone firms to impersonate FCA-licensed companies.
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Brokers
Swissquote’s UK Subsidiary Posts Uptick in 2020 Revenue
2021-06-03T12:38:59.000+02:00
The company is now looking for opportunities in new markets and products.
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Regulation
UK’s FCA Extends Temporary Relief to Crypto Firms till March 2022
2021-06-03T09:46:06.000+02:00
Firms that applied for registration before December 16, 2020, will be eligible under the scheme.
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