Abu Dhabi based financial services company ADSS - which recently rebranded from ADS Securities - has announced that it is strengthening its legal team as further international regulations come into force. The company said that the firm's commitment to good governance and compliance across all the jurisdictions in which it operates is an essential part of…
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The following article was written by Natallia Hunik, Global Head of Sales at Advanced Markets and Fortex, Inc. In a world of constantly evolving regulations, licensing and compliance is of paramount importance. Many traders and brokers read and hear about regulation everywhere, but even with all of this awareness, I still often times come across…
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London based Retail FX, CFDs and Spreadbetting broker London Capital Group (or LCG) has announced that it has received FCA approval for the transaction which will see the operations of the brokerage transferred to a private company controlled by Charles-Henri Sabet, called SLCG International DMCC. The publicly traded company now retains 8.5% of the issued share…
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UK financial regulator The FCA has issued a statement targeted to brokers, regarding the selling of high-risk speculative investments to retail clients following ESMA’s action on CFD products. In June 2018, the European Securities and Markets Authority (ESMA) finalised temporary measures to restrict the sale, marketing and distribution of contracts for difference (CFDs) to retail…
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Credit Financier Invest (DIFC) Limited, or CFI Dubai, part of the CFI Financial Group has announced the launching of its new enhanced liquidity dedicated for Institutional Clients, dubbed as CFI’s ULTIMATE LIQUIDITY STREAM. The company stated that CFI’s ULTIMATE LIQUIDITY STREAM is the ultimate top of book pricing layer designed to cater for institutional clients’ needs. Among…
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Continuing a string of somewhat slow set of trading volumes being reported for the month of July by leading institutional FX platforms, Forex ECN FastMatch has reported that July 2018 FX trading volumes were down 10% from June, with average daily trading volumes coming in at $20.0 billion. However, despite the seasonal slowdown, that is not…
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The hot summer months seem to have brought a seasonal cooling in FX trading volumes. Leading off our monthly coverage of activity at leading Retail and Institutional FX platforms, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw a 12% decline in average daily volumes from…
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Divisa UK Limited, trading as Divisa Capital and which also operates the Equiti.com retail FX brand in the UK and EU, has announced that it has been issued a full-scope IFPRU €730k license by the UK’s Financial Conduct Authority (FCA). Divisa's original license from the FCA was for a Limited License - matched principal broker. Commenting…
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The U.S. Commodity Futures Trading Commission (CFTC) has announced that it has filed a civil enforcement action in the U.S. District Court for the District of Utah against JAFX Ltd. of Sofia, Bulgaria and Kingstown, St. Vincent and the Grenadines. The CFTC Complaint alleges that, from at least September 2016 and continuing to the present, JAFX operates as a…
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Forex and CFD technology solutions provider Spotware Systems has announced the update of cTrader Web Beta to version 3.0. The new version introduces an all-in-one trading experience by bringing together everything needed for successful trading. Commenting on the launch, Panagiotis Charalampous, Head of Community Management at Spotware, stated: Our goal was to equip traders with useful…
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