Markets

In 2022, there was a 17% drop globally in the total compensation sought by forex traders from brokers. During the same period, the Financial Commission (FinaCom) reported a 76% increase in compensations sought by FX traders from broker members of...

Some of the largest banking institutions in the United States are working together to provide a digital consumer e-wallet. The banks plan for the wallet to account for a significant share of the market currently dominated by some of the...

Your Bourse has enhanced its offerings after announcing the addition of floating leverage and floating commissions. These new features launched by the platform will boost the ability of the execution engine and the risk management platform. Your Bourse adds floating...

The New Zealand financial markets regulating, the Financial Markets Authority (FMA), has reported a jump in the number of investment scams reported in the recent financial year that ended in June last year. The regulator noted that 111 investment scam...

The Cyprus Securities and Exchange Commission (CySEC) reported assets under management for investment managers of €9.9 billion during the third quarter of 2022. The figure was 7.2% lower than what was reported in Q2 2022 and 14.7% lower than what...

The Australian Securities and Investment Commission (ASIC) is tightening the reporting rules for foreign financial firms operating in Australia. The financial markets regulator plans to ramp up enforcement efforts to ensure that Aussie brokerage companies comply with Australian laws. ASIC...

Autorité des Marchés (MF) has said that in 2022 there were over 1.5 million active investors in the France stock markets in 2022. The numbers released by the financial market regulator indicate a 5.5% drop from 2021. AMF says France...

The euro has reached a nine-month high against the US dollar. The performance of the euro comes amid aggressive interest rate hikes in Europe. There are speculations that the European Central Bank will continue to adopt aggressive interest rate hikes...

The European Central Bank is expected to hike interest rates by 50 basis points in February and March. The ECB is also expected to continue raising rates in the following months, according to Klass Knot, a governing council member at...

Brazil and Argentina are exploring plans to release a common currency. The plans are focused on improving economic integration between the two countries. The plan was confirmed by the President of Brazil, Luiz Inacio Lula da Silva and the President...

OANDA Securities, the Japanese subsidiary of OANDA Corporation, has halted new downloads for the desktop version of its fxTrade trading platform. The company has also introduced changes in the margin rate for the USD/JPY currency pair on corporate accounts. OANDA...

The Financial Commission (FinCom), an external dispute resolution (EDR) institution in the forex sector, has onboarded Baxia Markets as a member. Baxia is a MetaTrader electronic communications networks (ECN) brokerage platform founded in 2020. Baxia Markets becomes the latest FinCom...

German-based fintech, NAGA, is in active discussions about a merger with a multi-country brokerage platform. NAGA Group has referred to the move as a “strategic transaction,” but it has failed to disclose the details of the company it plans to...

LendingClub stands as a digital lending platform, and is set to lay off a total of 225 of its employees. This stands as 14% of the company’s entire workforce, with the blame being placed on the recent interest rates rising...

Anatoly Legkodymov, majority owner and founder of the Blitzlato crypto exchange, has now been arrested by the US Department of Justice (DOJ). The charges of the arrest are in regard to allegations of his various operations of “money transmitting business”...