Category: Forex

July 19, 2022 BY Steffy Bogdanova

New Zealand FMA censures Western Union for licence breaches

However, the regulator clarified that it is not sufficient for derivatives issuers to prove they can meet the provisions of their license, they should maintain the NTA requirements. Greig added: Western Union’s contraventions left open the possibility of client harm and loss, and its continued entry into transactions that gave rise to further liabilities increased…

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July 18, 2022 BY Steffy Bogdanova

ACY Securities opens new office in Melbourne, shares plans for IPO

Additionally, the company also revealed its plans for consolidation of ACY Securities, the financial services arm, and Zerologix, the sister technology arm of the ACY Group to form ACYLogix Pty Ltd, a new holding company. Jimmy Ye, Chief Executive Officer at ACY Securities said: Once the consolidation has been successfully executed, PWC will then formally…

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July 18, 2022 BY Steffy Bogdanova

FXCM appoints Paul Gyles as chief marketing officer

Brendan Callan, CEO of FXCM, said: Paul has broad marketing and management experience and a proven track record in high paced financial services and technology environments, so we’re delighted to have him join the FXCM team. It’s an exciting time for FXCM and we’re confident Paul’s wealth of experience and expertise will prove invaluable in…

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Daily Market Commentary
July 15, 2022 BY Steffy Bogdanova

Daily market commentary: The euro drops below parity

European Shares Stocks traded higher in Europe on Friday, with all sectors in the green, despite a mixed open following disappointing macro figures from China. Investors have been slightly worried about seeing the Chinese economy slowing down in Q2 after GDP and industrial production both fell short of expectations. However, the strong retail sales data…

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CFTC
July 15, 2022 BY Steffy Bogdanova

CFTC adds 34 unregistered entities to its RED List

Most of the platforms illegally providing financial services offer derivatives trading with forex and cryptocurrencies. Among the assets classes offered by the entities are also binary options, which are heavily scrutinized in the US. The US regulator stated: A firm is added to the RED List when the CFTC determines, from investigative leads and public…

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Spectrum Markets
July 15, 2022 BY Steffy Bogdanova

Spectrum Markets trading volumes up 96% in Q2 2022

Nicky Maan, Spectrum Markets CEO, commented: We are very pleased to announce our strongest quarter to date. Spectrum is still growing in volume as we continue to introduce new innovations, all against a backdrop of a wider downturn in trading triggered by economic uncertainty. During the second quarter, the firm reported that 40.2% of individual…

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Playtech
July 14, 2022 BY Steffy Bogdanova

TTB Partners confirms withdrawal from Playtech acquisition

TTB Partners initially approached Playtech with a possible acquisition offer on behalf of an investor group in February. Although no official bid was made, the final deadline for an official offer was set to 15 July. The tech giant had previously rejected a £2.7 billion takeover offer by Australian gambling equipment maker Aristocrat Leisure. Meanwhile,…

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July 14, 2022 BY Steffy Bogdanova

Daily market commentary: European shares continue to fall, alongside US futures after the latest US CPI release

European Shares European shares continue to fall, alongside US futures, as market sentiment remains weighed down after the latest US CPI release. Investors waiting for a positive surprise were left disappointed yesterday following another inflation print showing a fresh 40-year record high at 9.1%. This number isn’t well perceived at all by the market as…

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