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 […]
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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 […]
FCA warns against firm falsely claiming to have JPMorgan’s address
The UK Financial Conduct Authority (FCA) has issued a warning against Gens Markets, an unauthorised firm that claims to have the same address as JPMorgan. Unauthorised firm details Name: Gens Markets Address: 25 Bank Street, London, United Kingdom, E14 5JP Telephone: +442037575708, 02033768631, 02037509859, 02038614156, +442045931021 Mobile: +442035970354 Email: [email protected], [email protected], [email protected], [email protected] Website: https://www.gensmarkets.com […]
Nomura appoints Ruchir Sharma as Global Head of FX Option Trading
Nomura has appointed Ruchir Sharma as Global Head of FX Option Trading, with immediate effect. Mr. Sharma joins Nomura from Deutsche Bank, where he was the Head of APAC GFX, bringing 20 years of experience in Foreign Exchange Markets to his new role. Ruchir Sharma Mr. Sharma will be responsible for leading the growth and […]
Jefferies’ Stratos introduces new multi-asset trading platform Tradu
Tradu is a new, sophisticated multi-asset trading platform for the active trader and investor offering thousands of tradable assets across listed equities, commodities, cryptocurrencies, CFDs, forex, treasuries and indices. The platform will launch in the UK in December before rolling out globally over the coming months. Tradu is part of Stratos Group International, LLC, a […]
HK watchdog fines Lion Futures Limited $2.8M for regulatory breaches
Hong Kong’s Securities and Futures Commission (SFC) has reprimanded and fined Lion Futures Limited (LFL) $2.8 million for failures in complying with anti-money laundering and counter-terrorist financing (AML/CFT) and other regulatory requirements between May 2017 and July 2019. The SFC’s investigation found that LFL did not conduct any due diligence on the customer supplied systems […]
LMAX granted RMO License in Singapore to add NDFs
Institutional FX and digital assets exchange operator LMAX Group has announced that its subsidiary, LMAX Exchange Singapore, has received a Recognised Market Operator (RMO) License from the Monetary Authority of Singapore (MAS). The license will enable the Group to offer Non-Deliverable Forward (NDF) trading in Singapore (SG1) and London (LD4). The launch of NDFs will […]
ASIC bans former Magnolia Group Capital director from providing financial services
The Australian Securities and Investments Commission (ASIC) has disqualified former Magnolia Capital Group director Mitchell Atkins from managing corporations for a period of 5 years and banned him for a period of 10 years from providing financial services and engaging in credit activities. The Magnolia Capital Group of companies collapsed in 2022 owing unsecured creditors […]
ASIC suspends AFS licence of Suetonius Wealth Management
The Australian Securities and Investments Commission (ASIC) has suspended the Australian financial services (AFS) licence of Sydney based financial services provider, Suetonius Wealth Management Pty Limited. The suspension, which will last until 28 February 2024, reflects the fact that Suetonius had failed to lodge its financial statements and audit reports for financial years ending 30 […]