CySEC Changes Examination Rules

The Cyprus Securities and Exchange Commission (the ‘Commission’) wishes to inform all interested parties, that, it decided to suspend the ‘fast track’ examination scheme (the ‘Scheme’) for the examination of applications for authorisation. The Commission reached the relevant decision due to the exceedingly large number...

SFC bans Lawrence Lai for 10 years

The Securities and Futures Commission (SFC) has prohibited Mr Lawrence Lai, a former representative of UOB Kay Hian (Hong Kong) Limited and UOB Kay Hian Futures (Hong Kong) Limited (collectively, UOB Hong Kong), from re-entering the industry for 10 years from 2 November 2016...

Forex4you launches partner program with rewards of up to $50 per standard lot

Offshore forex broker Forex4you said on Monday it has launched a new partnership program called Pro STP Markup, where partners can choose the commission fee for their own clients and receive 65% of the spreads their customers pay. Partners under the new Pro STP...

Football INDEX partners with Gold-i to offer ‘football trading’ on MetaTrader

Football INDEX has formed an exclusive partnership with Gold-i to create a new and highly innovative ‘tradeable market’ in football for the MetaTrader 4 and MetaTrader 5 trading platforms. Launching in Q2 2017, ‘football traders’ using MetaTrader will be able to buy or sell futures...

IOSCO identifies risks to retail investors of OTC leveraged products

The International Organization of Securities Commissions (IOSCO) issued today a report that identifies various risks related to the marketing and sale of complex OTC leveraged products to retail investors, and describes how some regulators are responding to the challenges these products present. The Report on...

Jakub Malý – CEO of XTB – dismissed!

X-Trade Brokers informed today about changes in the company’s management – after two years COE Jakub Malý was dismissed, temporary the CEO of the company will be the owner of the broker – Jakub Zabłocki. “Not enough pace of development” As we can read in official...

IG Group Holdings plc – IGG Interim Results for the six months ended 30 Nov 16

IG Group Holdings plc ("IG", "the Group", "the Company"), a global leader in online trading, today announces results for the six months ended 30 November 2016. Financial Summary ·      Net trading revenue(1) up 14% at £244.9 million ·      Operating expenses up 23%, with significant investment in effective...

Invast Global Attracts 2 Investment Bank Heavyweights

With a distinguished, twenty-year career at UBS under his belt, most notably as the Executive Director & CEO of UBS Futures Singapore, Andrew Pal brings a particular expertise in the changing global regulatory environment and the opportunities afforded within the prime services space as...

PTMC Trading Platform Is Now Available Via AMP Global Clearing

PFSOFT, a developer of professional trading software for banks, prime brokers, retail brokers and individual traders, today announced its availability via AMP Global Clearing, a Chicago-based FCM providing trading on the global electronic futures markets. This collaboration expands the range of trading platforms, that AMP...

Latest Provisional OTC Derivative Product Definitions Also Available For Industry Review

The Derivatives Service Bureau today opened the DSB User Acceptance Testing (UAT) platform to the industry with a revised and updated set of product templates that are consistent with MiFID II requirements.  The UAT platform is a functionally complete system that will provide near...

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