Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
Articles by Retail Forex
STONEX GROUP INC. Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q) | MarketScreener
(SNEX) Delayed Nasdaq - 04:00:00 2023-05-03 pm EDT 94.78 USD -1.02% 05:23p STONEX GROUP INC. Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q) AQ 04:22p Earnings Flash (SNEX) STONEX GROUP Reports Q2 Revenue $16.16B MT 04:16p StoneX Group Inc. Reports Fiscal 2023 Second Quarter Financial Results AQ Summary Quotes Charts News Ratings Calendar Company Financials Consensus Revisions Funds Summary Most relevant All News Analyst Reco.
STONEX GROUP INC. Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q) | MarketScreener
(SNEX) Delayed Nasdaq - 21:00:00 07/02/2023 GMT 89.59 USD +1.37% 09:16p StoneX Group Inc. Reports Fiscal 2023 First Quarter Financial Results AQ 02/01 Soybean Futures Drop on Profit-Taking Pressure -- Daily Grain Highlights DJ 02/01 StoneX Group Inc. to Announce 2023 Fiscal First Quarter Earnings on February 7, 2023 AQ Summary Quotes Charts News Ratings Calendar Company Financials Consensus Revisions Funds Summary Most relevant All News Analyst Reco.
IG Japan to terminate trading in India 50 index derivatives
IG Securities, the Japanese subsidiary of electronic trading major IG Group, is making changes to its lineup of trading instruments. The broker will stop offering trading in derivatives linked to the India 50 index (CFDs, binary options, etc). Effective April 1, 2022, clients of IG Japan will not be allowed to open new positions in these instruments. By July 1, 2022, traders need to close all of the positions they still hold open in these instruments.
Robinhood strikes back at claims about spam messages
Online trading company Robinhood has responded to claims that it violated the Washington Consumer Electronic Mail Act (“CEMA”) via its refer-a-friend marketing campaign. This becomes clear from a document submitted by Robinhood at the Washington Western District Court on March 29, 2022. The plaintiffs in this case are individuals who got sent messages by their friends under a marketing program devised by Robinhood inviting them to trade with Robinhood.
CMC Markets launches new premium offering CMC Alpha
CMC Markets – one of the world’s leading online trading platforms – has launched CMC Alpha, a new premium offering aimed at helping sophisticated traders get more from their trading journey. CMC Alpha, which is available to clients in the EU, Asia-Pacific and now the UK, was developed based on conversations with the company’s most experienced traders, who wanted access to in-depth market analysis and insights, and tighter spreads on their spread bet and/or CFD trades.
Robinhood grants 462,962 restricted stock units to CFO
Robinhood Markets, Inc. (NASDAQ:HOOD) has submitted an SEC filingregarding ownership of its securities. Robinhood has granted 462,962 restricted stock units to its CFO Jason Warnick. Restricted stock units (RSUs) convert into Class A Common Stock on a one-for-one basis upon vesting and settlement. On March 24, 2022, Mr Warnick was granted 385,802 RSUs under the Robinhood Markets, Inc. 2021 Omnibus Incentive Plan.
Exclusive: City Index Australia rebrands with new logo/look ahead of global rollout
FNG Exclusive… FNG has learned that CFDs and spreadbetting broker City Index has unveiled a new look and logo for its operations in Australia, ahead of a planned global rollout later this year. City Index is a unit of US-based brokerage firm StoneX Group Inc (NASDAQ:SNEX), acquired by StoneX in 2020 as part of its purchase of Gain Capital and the Forex.com Retail FX brand. Gain Capital bought City Index in 2014.
FX week in review: Plus500 in Japan, Invast and BUX grow Cyprus, Fullerton hires CEO
This past week’s Forex Industry News had a very international expansion flavour to it, with a number known names gaining licenses, acquiring, and/or hiring senior personnel to expand into new markets and regions. Which broker did Plus500 buy to enter the ultra-competitive Japanese online trading market? Who did Invast Global hire in Cyprus, as it seeks to expand its services to local FX/CFD brokers? Who did neobroker BUX hire to head its newly-established Cyprus CFDs operation?
Robinhood, Citadel argue antitrust complaint against them should be dismissed
About a fortnight after a group of traders reiterated their antitrust conspiracy claims against Robinhood and Citadel Securities, the defendants have filed their response with the Florida Southern District Court. The antitrust complaint is a part of a multidistrict litigation (MDL) related to the January 2021 short squeeze. According to the plaintiffs, this case involves a collusive agreement to restrict individual investors from exercising control over their trades and trading accounts.
CLSA Premium survives another vote for its proposed winding up
Retail Forex broker CLSA Premium Ltd (HKG:6877) has survived another vote on its proposed winding up. At an extraordinary general meeting (EGM) held today, the proposed resolution for winding up the company was not passed. Only 20% of the votes were cast in support of the resolution, whereas 80% were against the proposal. The meeting was convened at the request of KVB Holdings, a CLSA shareholder, which has been repeatedly pushing for the closure of the broker.
ThinkMarkets to raise margins on FX Exotics
Online broker ThinkMarkets plans changes to the trading conditions for certain foreign currency pairs. The changes are effective April 2, 2022. The broker will markedly increase the margins for 18 foreign currency pairs, mostly exotics and minors. ThinkMarkets attributes the changes to the current market conditions and notes that this is done in order to better accommodate and safeguard its clientele against every possible volatility environment.
Tickmill launches Olympian global IB contest
FCA licensed Retail FX and CFDs broker Tickmill has announced the launch of their Climb the Ranks to Glory – Olympic Introducing Broker Contest. The firm will be offering their Global IBs the chance to earn their place in the history books by being a Gold, Silver or Bronze Introducing Broker.
BUX acquires Cyprus CIF, hires Jean-Raphael Nahas to head Cyprus CFD operations
Amsterdam based BUX, one of the fastest growing neo-brokers in Europe, has announced the appointment of Jean-Raphael Nahas as new Managing Director of its Cyprus CFD operations. This follows the hiring of veteran online brokerage executive Salim Sebbata as CEO of BUX CFD, in the summer of 2021. BUX recently completed the process of acquiring a Cyprus Investment Firm which enables the company to further grow its CFD business in the EU in a post-Brexit environment.
Interactive Brokers claims no actual discovery dispute in Ponzi scam case
Shortly after Interactive Brokers faced accusations about trying to evade document production in a lawsuit about its alleged aiding and abetting a Ponzi scheme operated by Haena Park, the electronic trading major has responded to these claims. In a letter filed with the California Northern District Court on March 21, 2022, Interactive Brokers claims that there is no actual discovery dispute before the Court.
Forex Expo 2022 will host the Forex Industry next week in Cyprus
The legendary Forex Expo with a 20-year history will take place in Cyprus once more next week to help professionals learn, share and celebrate the best strategies in the FX world. The show will take place on March 31, 2022 in a prime location – the Parklane Hotel, Limassol. Visitors of the largest global interactive B2B event in Europe will meet Forex businesses, banks, brokers, liquidity providers, trading software developers, introducing brokers and white label partners.
RoboMarkets extends BMW M Motorsport sponsorship
Cyprus based Retail FX and CFDs broker RoboMarkets has announced the extension of its partnership with BMW M Motorsport for two more years, on new improved terms. RoboMarkets is now a Premium Partner of BMW M Motorsport throughout the 2022 and 2023 racing seasons. The Premium partner status implies additional opportunities that give the brand a measurable boost and the ability to achieve more ambitious goals.
Plus500 enters Japanese market via acquisition of EZ Invest Securities
Online trading company Plus500 Ltd (LON:PLUS) announces its entry into the Japanese market through the acquisition of EZ Invest Securities, Co., Ltd. EZ Invest is licenced as a Type 1 Financial Instruments Business Operator, regulated by Japan’s Financial Services Agency (FSA) and a member of the Japan Securities Dealers Association (JSDA) and the Financial Futures Association of Japan (FFAJ). EZ Invest’s offering includes CFDs and OTC Foreign Exchange.
Saxo Capital Markets HK launches “Let’s Trade Better With Saxo” campaign
Online trading and investment specialist Saxo Capital Markets HK Limited announces the launch of the Let’s Trade Better With Saxo campaign, which aims to generate more awareness of Saxo’s global multi-asset offering and empower investors in Hong Kong to navigate the global markets and take their investment to the next level. Following the launch of SaxoInvestor last year, Saxo continues to innovate to help investors trade better.
FX week in review: Demetra Kalogerou joins Retail FX board, BDSwiss CEO, Your Bourse in Cyprus
Which Retail FX broker saw former CySEC Chair Demetra Kalogerou join its board of directors? Who did BDSwiss names as its new CEO? Which senior executives of FX broker tech solutions provider Your Bourse are relocating to Cyprus, as the company opens a new Limassol office? Who is the latest executive hire at Rostro Financial, which recently bought control of CySEC licensed Scope Markets? Answers to these questions, and a whole lot more, appeared first or exclusively this past week at FNG.
Interactive Brokers accused of evading document production in Ponzi scam case
As the lawsuit brought by Benjamin Chang, a victim of a Ponzi scheme operated by Haena Park, against Interactive Brokers continues at the California Northern District Court, the conflict now appears to focus on document production. This becomes clear from a letter filed by Chang with the Court earlier this week. In the letter, seen by FX News Group, the plaintiff describes his attempts to get access to certain documents necessary to build his case.
Tiger Brokers sees revenues rise in 2021
UP Fintech Holding Limited (NASDAQ:TIGR), a leading online brokerage firm focusing on global investors, also known as Tiger Brokers, today announced its unaudited financial results for the quarter and full year ended December 31, 2021. Total revenue was US$62.2 million for the fourth quarter and US$264.5 million for the whole year, an increase of 31.7% and 91.0% year over year.
VTB Capital Forex resumes trading in foreign currency pairs
Effective 10:00 (Moscow Time) on March 18, 2022, Russian retail FX broker VTB Capital Forex is resuming Forex trading operations. The clients of the broker will have access to 22 currency pairs. The list, however, does not include RUB pairs. The minimum trade size will be 0.01 lots, whereas the maximum size of an open position will be 10 lots. In order to trade, clients of the broker will need to make use of a Master-tool, which has replaced the SSL certificate.
Robinhood to pay $640,000 to settle with Vermont DFR over platform outages
The Vermont Department of Financial Regulation (DFR) announces a $640,000 settlement with Robinhood Financial LLC. The settlement includes a penalty of $590,000. Robinhood will also contribute $50,000 to the Vermont Financial Services Education and Victim Restitution Special Fund. The settlement relates to outages of Robinhood’s online trading platform, including during significant stock market volatility in March 2020 due to the COVID-19 pandemic.
CMC Markets continues to buy shares under £30M share repurchase program
CMC Markets Plc (LON:CMCX), a leading provider of online trading and institutional platform technology solutions, announces that it purchased 111,040 of its ordinary shares as part of its up to £30 million share repurchase program on March 17, 2022. The lowest price paid per share was 250.0p, whereas the highest price paid per share was 259.0p. The volume weighted average price paid per share was 254.2p. The company intends to cancel the purchased shares.
Swissquote sees strong start to 2022, Demetra Kalogerou joins Board
Gland, Switzerland based online brokerage and banking firm Swissquote (SWX:SQN) has reported its full financial results for 2021, alongside an update on activity and outlook for 2022. Swissquote had earlier (in mid January) released its summary results for 2021, showing record annual revenues and profits despite a slower second half of the year.
Charles Schwab introduces thematic stock lists
Charles Schwab today announced the launch of thematic stock lists, a new resource designed for self-directed investors who want to invest in stocks aligned with their personal interests and values.
Darwinex adds ETF CFDs to its direct-indexing platform
FCA regulated online trading firm Darwinex has announced a new milestone in its product rollout plan, with the launch of 101 US ETF CFDs. The new addition opens the door to retail traders who are interested in trading Exchange Traded Funds. Traditional USD ETFs listed on US exchanges are limited to professional clients in Europe, as opposed to CFDs, which are widely available to retail traders.
FOREX.com, a trading name of GAIN Capital-FOREX.com Canada Limited, a wholly-owned subsidiary of StoneX Group Inc. (NASDAQ:SNEX), today announced the expansion of its offering in the Canadian market by offering over 2,500 new tradeable markets to Canada-based investors. The Forex broker also disclosed that it would offer Canadian customers commission-free CFD stock trading through July 1, 2022. Bid/ask spread cost will still apply.
Plaintiffs slam Robinhood for attempt to dismiss lawsuit over spam messages
Less than a month after Robinhood pushed for the dismissal of an action concerning its its “refer-a-friend” marketing campaign, the plaintiffs have responded to Robinhood’s arguments. The plaintiffs in this case are individuals who got sent messages by their friends under a marketing program devised by Robinhood inviting them to trade with Robinhood.
IG Group registers rise in revenues in Q3 FY22
Electronic trading major IG Group Holdings plc (LON:IGG) today issued its trading update for the three months to 28 February 2022 (“Q3 FY22”). Q3 FY22 was another consecutive quarter of revenue growth for the Group, with net trading revenue from continuing operations of £257.2 million (Q3 FY21: £226.7 million) up 13%, or 1% on a pro forma basis, against a very challenging comparative period which included the extraordinary ‘meme stock’ related volatility.
TradeStation becomes official FinTech sponsor of University of Miami Athletics
TradeStation Group, Inc announced that it has entered into a multi-year sponsorship agreement to be an official FinTech sponsor of University of Miami (UM) Athletics. As an official sponsor, TradeStation’s trading platforms for stocks, options, futures, and cryptocurrencies will be featured across all UM Athletics. TradeStation will integrate its brand, showcase its platforms, and seek to enhance the fan experience by offering new account incentives across UM Athletics.
CMC Markets announces launch of share buyback program
CMC Markets Plc (LON:CMCX), a leading provider of online trading and institutional platform technology solutions, announces that it will launch its share buyback programme of up to £30 million with immediate effect. The Buyback Programme will commence immediately and will be completed no later than 30 June 2023, subject to continuing regulatory approval. The maximum aggregate number of shares that will be repurchased is 29,071,747 ordinary shares.
NY proceedings against AFX Capital Markets get delayed again
The adversary proceedings against AFX Capital Markets at the the New York Eastern Bankruptcy Court have been delayed again. This becomes clear from a letter of adjournment filed with the Court on March 14, 2022. The document, seen by FX News Group, states that the hearing in this case is rescheduled from March 15, 2022 at 10:30 am to April 21, 2022 at 10:30 am. This schedule change means that there have been no hearings or pre-motion conferences in this case for more than two years.
Saxo Bank replaces 11 cos in semiconductor basket
Multi-asset investment expert Saxo Bank announces changes to its semiconductor basket. The broker is replacing 11 companies in this basket. The semiconductor industry has been challenged this year from rising input costs and bottlenecks in the production. The semiconductor theme has also been caught up in the general rotation out of technology stocks and into themes such as commodity, defence, logistics, and cyber security.
FX week in review: CySEC scolded, eToro results, affiliate compliance, Bitcoin ATM shutdown
Normally on the giving end of citations, warnings and fines, Cyprus regulator CySEC was on the receiving end this week. European financial regulatory oversight body ESMA made a first-of-its-kind move, in issuing a list of “shortcomings” it found at CySEC, following a review of a number of the countries which host licensed brokers that provide a lot of “cross-border” services, i.e. Retail FX and CFD brokers. What shortcomings did ESMA list for CySEC? What recommendations did it make to CySEC?
Traders reiterate claims of anticompetitive agreement between Robinhood and Citadel
About a month after Robinhood and Citadel challenged the amended antitrust complaint against them, the plaintiffs in a multidistrict litigation (MDL) related to the January 2021 short squeeze have submitted their response at the Court. Let’s recall that, according to the plaintiffs, this case involves a collusive agreement to restrict individual investors from exercising control over their trades and trading accounts.
Jason Warnick sells 20,000 shares in Robinhood Markets
Robinhood Markets, Inc. (NASDAQ:HOOD) has submitted an SEC filing making it clear that its Chief Financial Officer Jason Warnick has disposed of some shares in the company. The document shows that Mr Warnick sold a total of 20,000 shares in Robinhood at an average price of $11.6433 per share. The transaction date is March 8, 2022. This transaction was executed in multiple trades during the day at prices ranging from $11.05 to $12.05.
RoboMarkets sponsors Eintracht Frankfurt
CySEC licensed Retail FX and CFDs broker RoboMarkets has extended its sports sponsorship portfolio, announcing a new partnership with German Bundesliga football club Eintracht Frankfurt. The agreement between RoboMarkets and Eintracht Frankfurt, whose main “shirt” sponsor is the Indeed job search site, came into effect this year and is valid until the end of the 2023/2024 season.
Monex to reduce cash equity trading fees on Japanese stocks
Japanese online trading company Monex, Inc. announces that it will lower per trade cash equity trading fees applied to Japanese stocks as of settlement on Tuesday, March 22, 2022. The minimum commission is ¥55, and the larger the settlement amount, the greater the reduction. Since fiscal year 2020, Monex has been committed to the Asset Management Model vision, i.e. to help customers increase their assets.
Public.com acquires Otis
Public.com announces the acquisition of Otis, a pioneer in fractional investing in NFTs, art, and collectibles. With Otis joining Public, the Public platform will soon be a place where people can invest in — and build a modern portfolio with — any fractional asset. That means NFTs, art, collectibles, real estate, crypto, funds, stocks, and more — all in one place. In 2019, Public pioneered real-time fractional investing in stocks.
Alfa Forex set to reopen trading in RUB pairs
Russian Forex dealer Alfa Forex today announced its plans to resume trading in RUB pairs from Monday, March 14, 2022. On March 10th and March 11th, trading in Russian ruble pairs will be conducted in “close only” mode. Effective Monday, March 14, 2022, EUR/RUB and USD/RUB will be trading normally (that is opening and closing of positions in these pairs will be possible). The trading sessions will commence at 10:00 (Moscow Time) and will end at 19:00 (Moscow Time).
Swissquote adds Global Recycling to Themes Trading lineup
Leading Swiss online trading firm Swissquote has further expanded its Themes Trading offering via the addition of Global Recycling. Swissquote’s Global Recycling theme provides investors with direct exposure into waste management with the aim of turning trash into treasure. According to Swissquote, global recycling can be considered an essential service that will ride out periods of market volatility relatively unscathed.
Saxo Bank February trading volumes flat at $21.0B ADV
Copenhagen based Retail FX and CFDs broker Saxo Bank continued its improved start to 2022, reporting February client trading volumes that were basically flat with January. Average daily trading volumes came in at $21.0 billion, slightly above January’s $20.9 billion ADV at Saxo Bank, although total trading volumes were down by 4% MoM – $419.1 billion versus $438.0 billion – as there were less trading days in calendar-shortened February.
eToro posts 2021 Revenues of $1.23B, Net Loss $265M
Social trading focused online broker eToro has released its financial results for 2021, indicating that the company continued to grow although at a fairly steep cost. eToro reported Revenues (or what it calls Total Commissions) of $1.234 billion in 2021, more than double the $602 million it took in during 2020.
TradeStation now offers trading of 20-Year US Treasury Bond Futures from CME
TradeStation Securities, Inc now offers its clients the ability to trade 20-year Treasury Bond Futures from CME Group. TradeStation Securities continues to expand its suite of over 350 futures and futures options products as part of its depth and breadth of offerings to futures traders. “We’re excited to be offering a new futures product while continuing our longstanding relationship with CME Group,” said John Bartleman, President and Chief Executive Officer of TradeStation Group, Inc.
OANDA, GAIN Capital clash over claim construction in patent infringement lawsuit
Two major Forex brokers – OANDA and GAIN Capital, are still locked in a patent fight in Court. Their latest point of disagreement concerns the so-called claim construction. Both companies have filed documents explaining their positions on the matter with the New Jersey District Court. Let’s recall that in this lawsuit OANDA alleges that GAIN infringes two patents, U.S. Patent Nos. 7,146,336 (“the ’366 patent”) and 8,392,311 (“the ’311 patent”).
Robinhood responds to complaint about poor execution quality
Robinhood has responded to a renewed complaint over its payment for order flow arrangements with several market makers, including Citadel Securities, which allegedly worsened execution quality and harmed Robinhood’s customers. Documents submitted by Robinhood at the Florida Southern District Court reveal the company’s push to dismiss the case. Let’s recall that the lawsuit was brought by Jim Antonio Alers.
FX week in review: Scope Markets sold, record trading volumes, results from Admirals, IS Prime, Darwinex
While the events unfolding in Ukraine dominated most financial market news, it was a very mixed bag of Forex Industry News this past week: acquisitions, broker results, trading volumes record set, executive moves, new office openings, and lots more. Which group of former FX industry executives banded together to buy CySEC licensed Scope Markets? Which Retail and Institutional FX platforms set all-time best trading volume marks?
Admirals offers variety of risk management tools to count on during uncertain times
Whilst an increase in volatility can present savvy traders with an increase in trading opportunities, it also increases the associated risks, online broker Admirals warns. The company notes that it is important that all of its clients who are actively trading or investing do so responsibly and with proper risk management safeguards in place.
Russian FX dealer Alfa Forex sets USDRUB, EURRUB trading to close only
Russian FX dealer Alfa Forex, a subsidiary of Alfa Bank, has changed the trading conditions for Russian ruble pairs. Effective March 4, 2022 (00:00 Moscow Time), trading in USD/RUB and EUR/RUB has been set to close only. As FNG has reported, the broker had previously warned of critically wide spreads on these trading instruments. The rest of the currency pairs continue to be available for trading as usual.
Show More
loading
Actions
Is this you?
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.Get in touch with Retail
Contact Retail, search articles and posts on X, monitor coverage, and track replies from one place.
Learn more about Muck Rack