Financial Commission Expels FX/CFDs Broker Bold Prime
The Financial Commission (FinCom), a self-regulatory organization in the financial services industry, announced the expulsion of forex and contracts for differences (CFDs) broker, Bold Prime, from its membership. The press release shared with Finance Magnates detailed that the broker’s expulsion as a FinCom member came following “numerous failures to comply with the Financial Commission’s Rules […]
UK Regulator Clamps Down on 1,400% More Rogue Financial Ads in 2022
The United Kingdom Financial Conduct Authority (FCA) rejected 8,582 financial promotions in 2022 and sought their amendment or removal by authorized firms. This is approximately 1,400% more than the 573 financial promotions the regulator kicked against in 2021. FCA disclosed the figures on Friday in a statement, noting that it published over 1,800 scam alerts […]
FCA Financial Ombudsman Manzoor to Serve 2nd Term
Great Britain’s FCA (Financial Conduct Authority) has reappointed Baroness Zahida Manzoor to lead the Financial Ombudsman Service (FOS) as its Chair for a second term, which will run until August 2025. According to the statement published by the FCA on Monday, the reappointment was made by the UK’s regulator Board, followed by the approval of […]
Virtu Financial 2022 Net Income Declined by 43%
Virtu Financial (Nasdaq:VIRT), an electronic market maker, has presented its financial report for the fourth quarter and the entire year of 2022, showing lower revenues and net trading income compared to the same period a year earlier. AloGatewayis a Global payment processing service and solutions provider able to cater to a multitude of clients ranging […]
ATB Financial Onboards smartTrade FX Solution
ATB Financial, a Canadian financial institution and the largest public bank in North America, has onboarded smartTrade, a France-based provider of multi-asset electronic trading platforms, as its “client-facing foreign exchange (FX) web platform.” Both organizations announced the development on Thursday in a joint statement. ATB, which boasts of $59.1 billion in assets, explained that smartTrade’s […]
Broadridge Signs Multi-Year Contract with IGM Financial
Broadridge Financial Solutions (NYSE:BR), a US-headquartered fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned […]
Robinhood Launches Financial News Subsidiary, Sherwood Media
On Tuesday, Robinhood, a California-based financial services company, announced the expansion of its business with the launch of a financial news platform, Sherwood Media. The company, which operates the major US commission-free stock trading and investing application, Robhinhood, also runs three other subsidiaries: a digital asset service provider, an institutional brokerage firm, and a broker-dealer […]
ThreeTrader Becomes Financial Commission Member
The Financial Commission (FinCom), a self-regulatory organization in the financial services space, has added offshore foreign exchange (FX) broker, ThreeTrader as the latest approved member. The broker’s Approved Broker Members status became effective on 19 December 2022. ThreeTrader is incorporated ad regulated in Vanuatu and operates as a retail brokerage, offering trading services with margin […]
TipRanks to Acquire Financial News Publisher The Fly
TipRanks, a financial big data company offering research tools to retail investors, has agreed to acquire New Jersey-based The Fly, a digital publisher of real-time financial news. Grab your copy of our latest Quarterly Intelligence Report for Q3 2022 before your competitors and stay up-to-date with crucial developments in the Forex and CFD industry! The […]