Markets

Compagnie Financiére Tradition (CFT) has launched a share buyback program that will optimize the broker’s capital allocation. CFT is a Swiss interdealer brokerage company that also owns one of the leading Japanese retail trading platforms known as Gaitame. Gaitame prepares...

Derivatives trading activities on the Sterling Overnight Index Average (SONIA) reached a peak of 1.37 million futures and options contracts on May 24, according to a statement by the International Exchange (ICE). Derivatives trading on SONIA hits a new peak...

WDZD Swap, a decentralized finance (DeFi) protocol, suffered an exploit on May 19. The exploit led to the loss of $1.1M worth of Binance-pegged ETH, according to the CertiK blockchain security firm. WDZD Swap faces a $1.1M exploit The report...

Consob, the Italian financial market regulator, has continued to fight against illegal trading platforms. The regulator has added four new names to the list of websites that have been blacklisted by the regulator. One of the websites that were recently...

The US derivatives market regulator, the Commodity Futures and Trading Commission (CFTC) has imposed over $4.7M fine against Sharief Deona McDowell. McDowell faces this fine over activity with options on commodity futures contracts by a commodity trading advisor (CTA). CFTC...

The UK Financial Conduct Authority (FCA) has issued an order for banks and lenders to support borrowers that are struggling financially to repay their loans and mortgages. The decision was made on Thursday, and it came as many people across...

MetaQuotes has released an update for the MetaTrader 5 (MT5) trading platform. The company is also planning to release the beta version of this trading platform on Tuesday. The updated version will come with AI features. MetaQuotes updates MT5 with...

Digital Currency Group (DCG) has said that it will be shutting down its trade execution and prime brokerage division known as TradeBlock. The company attributed the closure of this subsidiary to concerns about the broader economy and an uncertain regulatory...

Bloomberg has partnered with MarketAxess and Tradeweb. The partnership agreement deal will support the creation of a joint venture company that will run a fixed-income consolidated tape provider (CTP) within the European Union. Bloomberg partners with MarketAxess and Tradeweb The...

The former director of Capital World Markets (CWM), Anthony Constantinou, has been found guilty of running a £70 million forex investment fraud. Constantinou was convicted by a jury at the Southwark Crown Court despite not being present during the hearing....

Meta, one of the leading tech companies in the US, is facing a €1.2 billion fine over its failure to comply with the privacy rulebook for the EU. The Irish Data Protection Commission said that Meta failed to comply with...

JPMorgan Chase & Co is expanding its commercial banking business, and it has announced new hires to support this expansion. The commercial banking business at the company targets tech startups and other companies that are still in their early stages....

Mizuho Financial Group has announced a purchase deal for a US M&A advisory company known as Greenhill & Co Inc. The company will be acquired for $550 million, with the company saying that this amount will also include debt. Mizuho...

Chevron Group has said that it will expand its oil and gas presence in the United States with the acquisition of PDC Energy Inc. Chevron will acquire PDC Energy through a stock-and-debt deal valued at $7.6 billion. Chevron To Expand...

Intel Corp has shared a few details about its artificial intelligence (AI) computing that it plans to release in 2025. The company is shifting its operational strategy as it competes against Nvidia Corp and Advanced Micro Devices Inc. Intel shares...