iS Prime, a prime-of-prime broker, and retail FX/CFDs broker ThinkMarkets have settled their exclusivity lawsuit at the last minute. The settlement was reached on Tuesday, the expected trial date, according to Law360. In 2017, iS Risk (formerly known as IS Prime Risk Services), the risk management unit of iS Prime, acquired Think Liquidity from ThinkMarkets. …
The Swiss interdealer broker and operator of a Japanese retail broking giant, Compagnie Financière Tradition (CFT), released its financial report for the first quarter of 2023. The company recorded a consolidated revenue of CHF 271.6 million which showed a 9.6% increase from the previous year’s CHF 247.7 million, or a 14.3% increase when adjusted for …
The UK Financial Conduct Authority’s Market Watch report highlighted deficiencies in surveillance among contracts for difference (CFDs) providers. The report found that nine CFD providers in the country are not adequately addressing market abuse risks in non-equity asset classes. Even though the regulator’s findings were mostly positive and showed that all the CFD providers under …
FCA Identifies “Surveillance Gaps” in UK CFDs Providers Read More »
On Wednesday, ThinkMarkets announced its grand expansion into the Asia Pacific (APAC) region by establishing a new entity in New Zealand. New Zealand’s Financial Markets Authority (FMA) will regulate the new entity. Such an expansive move will have far-reaching implications for this multi-asset online broker based in Australia. The Australia-based broker ThinkMarkets is taking its …
Trade Nation, a provider of forex and contracts for differences (CFDs) services, has expanded its sports sponsorship initiatives with the latest acquisitions of England cricket clubs – Hampshire Cricket and Southern Vipers. Trade Nation is now an official sponsor for both clubs as part of this mutually beneficial arrangement. All three Hampshire men’s and Southern …
Australia-based FX/CFDs broker, Axi (formerly known as AxiTrader) recently extended its partnership with the renowned English football club Manchester City FC. Interestingly, it has also broadened its sponsorship rights to include Manchester City’s women’s team! In September 2020, Axi joined forces with Manchester City FC in a multi-year agreement just as the broker started its …
Axi Expands Manchester City FC, Adds Women’s Team Read More »
On Tuesday, Plus500 initiated its share repurchasing program of $70 million, which it disclosed earlier in the month. This buyback involves a total value of $42.4 million through the final share buyback program and a special repurchase of $27.6 million. As profits skyrocketed in 2022, the broker launched a $100 million distribution plan among its …
Plus500 Initiates a $70 Million Share Buyback Program. Read More »
The renowned online broker Tastyworks rebranded itself as Tastytrade. The robust platform allows retail investors to trade in futures, options, and cryptocurrencies from one convenient location. On Wednesday, Tastyworks proudly proclaimed its brand-new development in a press release. They have announced that they will transition to the Tastytrade branding over the upcoming weeks and also …
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