Hong Kong virtual bank ZA Bank today announced that the Hong Kong Securities and Futures Commission (SFC) has lifted the previous conditions on the Bank’s licence registration of Type 1 (dealing in securities) regulated activity under which the Bank shall only carry on business of dealing in collective investment schemes. The Bank plans to roll […]
eToro adds Global X MSCI Argentina ETF to list of investment instruments
Online broker eToro continues to expand the list of investment instruments with the latest addition being the Global X MSCI Argentina ETF ($ARGT). From the regional eCommerce powerhouse $MELI (MercadoLibre) to local giants like YPF, Arcos Dorados (McDonald’s franchise), $PAM (Pampa Energia S.A.-ADR) and leading bank Galicia, $ARGT opens doors to Argentina’s market movers. $ARGT […]
FTC files proposed order of $1.65bn settlement with Voyager Digital
The Federal Trade Commission (FTC) has moved the New York Southern District Court to enter a proposed Order for Permanent Injunction, Monetary Judgment, and Other Relief against Voyager Digital. The relevant documents were filed with the Court on November 22, 2023. Entry of the Stipulated Order would end the litigation against Voyager Digital, LLC, Voyager […]
AMF fines Alvexo affiliate France Safe Media and manager Lior Mattouk €400K
France financial regulator Autorité des Marchés Financiers (AMF) has announced that its AMF Enforcement Committee has fined a French tied agent of a Cypriot investment services provider and its manager a total of €400,000, for breaches of their professional obligations. In its decision of November 10, 2023, the Enforcement Committee imposed a fine of €300,000 […]
Former JPMorgan traders want CFTC action against them to remain stayed
Former JPMorgan traders Michael Nowak and Gregg Smith have filed a motion to stay an action brought by the Commodity Futures Trading Commission (CFTC) against them. The relevant documents were submitted at the Illinois Northern District Court on November 22, 2023. The traders note that the case has to be stayed pending resolution of the […]
STOXX to adjust capping in DAX index family from 10% to 15%
STOXX Ltd. will adjust the capping in the DAX index family from 10 to 15%. This was preceded by a broad market consultation which lasted from 11 October to 8 November 2023. The responses reflected a wide range of considerations from different stakeholders. A majority of participants were in favour of raising the capping limit […]
Darwinex unveils enhancements to platform
Darwinex has unveiled a new improvement in the Darwinex platform, crucial to provide greater transparency and build more confidence in its investment asset, the DARWIN. Starting today DARWIN quotes will be calculated based on investors’ execution prices instead of the trader’s signal account execution prices, as they have been previously. It is important to note […]
Exclusive: ThinkMarkets IPO partner FG Acquisition confirms cash reduced from $118M to just $2M
FNG Exclusive… Further to our exclusive report back in July that FG Acquisition Corp (TSE:FGAA.U), the special purpose acquisition company (or SPAC) which has agreed to merge with Retail FX and CFDs broker ThinkMarkets, had seen a mass redemption event whereby virtually all of FG’s public shareholders elected to redeem their shares for cash instead […]
TradingView makes brackets available in Replay trading
Another frequently requested feature is now available on TradingView charts. When trading in the Replay mode, you can limit your loss and lock in your profit by “bracketing” a position with two opposite-side orders. It is possible with bracket buttons for positions. Using the new functionality is rather simple: if you have an active position […]
KX, Engine AI partner to offer generative AI platform for clients in financial services sector
KX and Engine AI announced today a partnership to offer a native, generative AI platform for clients in the global financial services sector. Supporting advanced use cases including similarity search, recommendation systems, and pattern matching capabilities, this collaboration is set to revolutionize the way organizations approach trading decision-making and execution performance while boosting end-user productivity […]