France had more than 1.5 million stock market investors in 2022
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...
Euro reaches a nine-month high as ECB signals at interest rate hikes
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...
ECB set to raise interest rates by 50 basis points in February and March
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 make plans to release a common currency
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 halts new downloads for the fxTrade desktop version
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...
Baxia Markets becomes the latest approved FinCom member
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...
NAGA Group is in active merger talks with a multi-country broker
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, Amid Rising Interest Rates, Cuts 225 Jobs
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...
Bitzlato Crypto Exchange Founder Arrested By US DOJ
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”...
Genesis And Gemini Charged By SEC Over Alleged Unregistered Security Sale
Genesis Global and Gemini have both been charged by the US Securities and Exchange Commission (SEC). These charges are in regard to the SEC deeming the Gemini Earn crypto asset program as a means to allow retail investors to access...
Swiss brokerage platform Dukascopy launches two new indices for MT4 traders
Dukascopy, an online mobile trading and banking service provider based in Switzerland, has launched two new indices that will be available on MetaTrader4 (MT4). These new indices will be available to the users of the electronic trading platform that MetaQuotes...
MCC Markets works with Metawork to improve customer experience
MCC, a forex and contract-for-difference (CFD) brokerage platform, is looking to boost its services after a partnership with affiliate platform Metawork. The Dubai-based broker seeks to improve the customer experience at its partners and introduce brokers for its global base....
Finanzen.net zero becomes the latest brokerage company to integrate TradingView
Finanzen.net zero has integrated charting and social networking tool, TradingView. Finanzen.net zero becomes the latest brokerage platform to integrate TradingView, enabling users to trade directly from the platform. Finanzen.net zero integrates TradingView In an announcement released on Thursday, TradingView confirmed...
Fed policymakers support hikes above 5% despite dropping inflation levels
Policymakers at the US Federal Reserve are advocating for more hikes in interest rates. Several policymakers are supporting a hike of at least 5% despite inflation showing signs of easing and slowing economic activity. Policymakers propose interest rate hike above...
Interactive Brokers posts its best quarterly results as net revenues hit $976 million
Interactive Brokers Group has reported $1.31 per share earnings during the fourth quarter of 2022. The Q4 results marked the best three months the company has had in terms of quarterly profits. Interactive Brokers sees record profits in Q4 2022...