CySEC extends further license suspension of Depaho, operator of FXGM LeapRate

October 25, 2021 BY Steffy Bogdanova

CySEC extends further license suspension of Depaho, operator of FXGM

However, the company is allowed to complete its own transactions or clients’ which occurred before the suspension, following client instructions. Depaho is also allowed to return funds and financial instruments, attributable to its clients. When CySEC initially suspended its licence,the regulator set a two-week deadline for Depaho to take actions to comply with the legal…

October 22, 2021 BY Steffy Bogdanova

CME Group registers record SOFR futures volume

SOFR futures open interest has continued on a growth path as well. On 19 October 2021, it reached record 1,166,016, which up 170% and increased 16% in one month, having surpassed one million contracts of open interest on 15 September 2021. Agha Mirza, CME Group Global Head of Rates and OTC Products, said: As the…

October 22, 2021 BY Steffy Bogdanova

Interactive Brokers adds Request for Payment service from J.P. Morgan

Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers, said: Interactive Brokers has its roots in technological innovation and Request for Payment is yet another example of how we offer clients advanced technology solutions to make it simple to fund and manage accounts. Both new retail investors and our active trader client base…

Whistleblower receives $9 million award from CFTC

October 22, 2021 BY Steffy Bogdanova

Whistleblower receives a $200 million award from CFTC

The CFTC explained that in order to qualify for the award, a whistleblower who provided significant information to an investigation, must demonstrate a connection between their contribution and the regulator’s ability to successfully complete its investigation, and to either obtain a settlement or prevail in a litigated proceeding. The CFTC has determined that this whistleblower…

October 21, 2021 BY Steffy Bogdanova

BaFin investigates trading platform coinstrades.com

Under the German Banking Act (Kreditwesengesetz – KWG), companies conducting banking business or provide financial services in Germany are required to have an authorisation. BaFin stated: BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that anyone seeking to invest money online should exercise the…

October 21, 2021 BY Steffy Bogdanova

Cboe enters the digital asset space with the acquisition of ErisX

Ed Tilly, Chairman, President and CEO of Cboe Global Markets, said: We believe our acquisition of ErisX, coupled with broad industry participation and support, will help us bring the regulatory framework, transparency, infrastructure and data solutions of traditional markets to the digital asset space. ErisX has shown an unwavering commitment to improving spot and derivatives…

October 20, 2021 BY Steffy Bogdanova

Tickmill adds MetaTrader 5

Mattus remarked the few advantages the new trading platform has over its predecessor. Among the new features in MetaTrader 5 are its optimized interface, improved speed, upgraded charting and tools. Tickmill Group clients can now benefit from a more powerful trading experience with a larger range of technical indicators and graphical objects, along with customizable…

October 20, 2021 BY Steffy Bogdanova

FINMA investigation found Credit Suisse spied on seven people

FINMA said: The way in which the observation activities were planned and carried out revealed serious shortcomings in the bank’s corporate governance. Observations were not specifically prohibited in Credit Suisse’s policies, but neither were they regulated. Corresponding risk management processes and integration into the internal control system were lacking. In most cases, decisions to carry…

October 20, 2021 BY Steffy Bogdanova

CAPEX.com launches investment portfolio builder QuantX

CAPEX recently launched StoX, their 0-commission, unleveraged stock trading product. QuantX is driven by the brand’s strategy to extend its product range. The “X” branded line of services aims to disrupt and change the global perception of what online trading means in 2021 and to produce complex products and markets more accessible to investors. Christina…

October 20, 2021 BY Steffy Bogdanova

Vantage FX appoints Anton Tsoy as Country Manager for Kazakhstan

Anton Tsoy, Country Manager for Kazakhstan at Vantage FX, commented: Since I entered the space in 2011, I’ve had dreams of establishing a new, customer-centric style of brokerage in Kazakhstan. Vantage FX first got my attention for its impressive footprint of global licenses and notable award wins, but what really drew me in was how…

Category: Forex