Category: Forex

October 19, 2021 BY Steffy Bogdanova

MarketAxess names Kathryn Sweeney Head of Index and ETF Solutions

Chris Concannon, President and Chief Operating Officer, commented: Kat is a known and visible leader in the world of ETFs and portfolio and index construction. She brings deep experience in trade execution, distribution and product development that will help advance our strategic vision for creating a more efficient and transparent marketplace. We are still in…

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October 18, 2021 BY Steffy Bogdanova

Exness to sponsor Financial Markets Exhibition in Cairo

The fintech firm’s prominent booth at the exhibition will be divided into three. One area will be for high-tech with equipment which virtually connects visitors to the Exness Team. There will be a a VIP lounge and a meeting room for meetings with clients and partners as well as hold discussions on key topics in…

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October 18, 2021 BY Steffy Bogdanova

Forex.com expands in Latin America

Forex.com stated: We have spread our wings and landed in Latin America, expanding our borders and offering our award-winning online trading platforms to traders in Latin America. Forex.com’s operator, Gain Capital was acquired by US-based StoneX Group last year in July for $236 million.

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FXCM
October 18, 2021 BY Steffy Bogdanova

FXCM expands its French, German and UK share offerings

FXCM offers trading services in Hong Kong, the UK, the US, Australia, and large parts of Europe. The expansion of the company’s offering allows its clients to trade on an extensive number of listed firms around the world hefty commission and data subscription fees charged by the majority of trading providers. Brendan Callan, CEO of…

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FCA reports
October 18, 2021 BY Steffy Bogdanova

FCA reports reviewing 514 financial promotions in the third quarter

The FCA stated: We undertake many reviews of firms’ financial promotions, which are identified through multiple sources including both consumer and firm referrals. We look at every financial advert reported to us. The regulator noted that 38% of all complaints were about retail investing promotion, while retail lending and retail banking constituted 42% and 12%,…

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acquisition
October 18, 2021 BY Steffy Bogdanova

Aristocrat Leisure to buy Playtech for £2.7 billion

He further explained that the combined group will offer a broader portfolio of end-to-end solutions for gaming customers around the globe. Mor Weizer, CEO of Playtech, said: This transaction marks an exciting opportunity in the next stage of growth for Playtech, and delivers significant benefits to our stakeholders, including our customers, our shareholders and our…

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ASIC
October 18, 2021 BY Steffy Bogdanova

ASIC to extend CFD trading leverage restrictions to 2031

The Aussie watchdog noted that for the first three months since the order took effect, ASIC has seen significant improvements in key metrics of retail client losses from CFD trading. The regulator stated that retail clients’ net losses from CFD trading decreased 94% of the quarterly average of $372 million in the year prior to…

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ESMA appoints Verena Ross as Chair
October 15, 2021 BY Steffy Bogdanova

ESMA appoints Verena Ross as Chair

Anneli Tuominen, Vice Chair of ESMA and Director-General at the FIN-FSA of Finland, took the position of Interim Chair on 1 April 2021. Ross takes the helm from Steven Maijoor, the former Chair. She is appointed for a five-year term with a possibility to be renewed only once. Ross is a German national and was…

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FCA Chair Charles Randell to step down
October 15, 2021 BY Steffy Bogdanova

FCA Chair Charles Randell to step down

Randell will take up the role of Chair of FCA on 1 April 2018. Chancellor Rishi Sunak commented: I want to thank Charles Randell for his work as Chairman of both the Financial Conduct Authority and the Payment Systems Regulator during this important period. Both organisations undertake a vital role in ensuring that the UK…

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