Interactive Brokers to pay over $38 million penalty to settle charges with regulators LeapRate

Interactive Brokers to pay over $38 million penalty to settle charges with SEC, CFTC and FINRA

August 11, 2020 BY Steffy Bogdanova

Interactive Brokers to pay over $38 million penalty to settle charges with regulators

The CFTC filed charges against Interactive Brokers for failing to supervise its officers’, employees’, and agents’ handling of several commodity trading accounts and not implementing adequate procedures to detect and report suspicious transactions as required under federal anti-money laundering (AML) laws and regulations. Interactive Brokers agreed to be censured, to cease and desist, and to…

August 11, 2020 BY Steffy Bogdanova

Avelacom extends network presence with a low latency Brazil–USA route

Aleksey Larichev, CEO of Avelacom commented: With this new Brazil–USA route we are extending our network presence and have new opportunities to expand our business and offer services to the growing number of clients who are seeking trading opportunities in these markets. We have a 6-year experience in building shorter, new and unique paths using…

August 11, 2020 BY Steffy Bogdanova

Pelican and USG UK partner for white-label copy trading solution

This partnership will also bring USG UK’s global client the ability to use Pelican’s copy-trading technology and social interface features. USG UK clients will also get an opportunity to use a regulated by the FCA service. Pelican Trading Co-Founder and CEO, Mike Read said: Pelican continues to work with the best-known brokers in the FX…

August 11, 2020 BY Valentina Kirilova

Daily Market News: Markets bounce as oil makes gains on stimulus hopes

Cineworld leaps on US takeover speculation Both the FTSE 100 and FTSE 250 started the week on a positive note, adding 0.3% and 0.6% respectively. In corporate news, Unilever hit headlines, after setting the weekend of November 21 and 22 as the date for the unification of its structure under a single parent company, headquartered…

August 11, 2020 BY Steffy Bogdanova

Swissquote’s net profit for H1 2020 more than doubles to CHF 50.4 million

Swissquote reported operating revenues of CHF 162.7 million for the first half of the year, an almost 39% increase with the first half of the previous year when it was CHF 117.2 million. Net revenues reached CHF 160.7 million, 43.2% increased to CHF 112.2 million in the previous year. Net fee & commission income climbed…

August 11, 2020 BY Valentina Kirilova

FairXchange teams up with OANDA, provides access to its Horizon platform

OANDA’s Head of Trading, Mark Chesterman commented on the news: Over the course of our 24-year history, OANDA has worked hard to build a reputation for transparency and fairness, and we remain as committed to this ethos as ever. As such, we’ve partnered with FairXchange in order to facilitate open conversations with our liquidity partners using…

August 11, 2020 BY Steffy Bogdanova

IG reports £649.2 million revenue for FY 2020, performance boosted by record-breaking Q4

Mike McTighe, IG Group Chairman, commented: When I look back at the repositioning of IG that has taken place over the last 12 months, it’s been an incredible period of both positive progress and continued strategic development. IG is now better placed than ever for the opportunities in front of us. We’ve learned some…

August 10, 2020 BY Steffy Bogdanova

Lee Elbaz ordered to pay $28 million in binary options fraud case

At the time of the verdict, the court did not order restitution but allowed the government leave to gather evidence and determine the amount. In addition to the Spot Option database which the government exclusively relied for information on the fraudulent activities, it now added declaration of Michael J. Petron, a certified public accountant and…

August 10, 2020 BY Steffy Bogdanova

Dukascopy Bank and UPS collaborate for 50% lower Visa/Mastercard fees on plastic card delivery

Dukascopy Bank Visa/MasterCard plastic cards can be used anywhere in the world and can be managed through the company’s mobile and web applications, they are also compatible with Apple Play and Samsung Pay. Dukascopy client current accounts and card accounts are separate. Clients can transfer funds from their current accounts to their card accounts without…

August 10, 2020 BY Steffy Bogdanova

Plus500 selected as primary sponsor of Polish football club Legia Warsaw

Legia Warsaw joins Plus500 sponsorship portfolio which already includes Atlético Madrid, BSC Young Boys Football Club and Plus500 Brumbies rugby club. David Zruia, Chief Executive Officer of Plus500, commented: We are delighted to be partnering with Legia Warsaw, a club with a great legacy and an excellent fan base, continuing our commitment to support professional…