Former financial services director Mark Francis McCabe has been sentenced to four years and three months in prison for orchestrating a sophisticated forex trading scam that defrauded investors of nearly $1 million. Former Financial Director Sentenced to Over 4 Years for $1M Forex Trading Fraud The Downing Centre District Court in Sydney imposed the sentence […]
Category Archives: Institutional FX
B2BROKER, a leading global provider of fintech and liquidity solutions, has announced the launch of its groundbreaking Liquidity Provider Turnkey, the first fully integrated solution designed to enable financial institutions to launch their own Prime-of-Prime (PoP) liquidity operations with unprecedented speed and technical sophistication. Today, while most providers continue offering standard FX broker turnkey packages, […]
As more European companies eye Wall Street for their debut listings, exchanges on the continent are mounting a counteroffensive. With IPO volumes already depressed, operators like Deutsche Boerse and Euronext are pressing to change the narrative that New York guarantees better value for newly public firms, Reuters reported. Hype Surrounding US Listing Citing a document […]
25
May
May
European exchange operator Euronext reported a significant increase in its foreign exchange (Forex) trading business for the first quarter of 2025, with FX trading revenue jumping over 30% to €9.2 million compared to the same period last year. Euronext Reports Record FX Trading Volumes in First Quarter 2025 The surge in FX trading performance came […]
The European Securities and Markets Authority (ESMA) is inviting feedback from retail investors and consumer groups on how current investment rules affect their experience and engagement. The consultation focuses on whether rules under MiFID II support investor protection or unintentionally discourage participation. Understanding Investor Engagement Barriers “The purpose of this Call for Evidence is to […]
Within the context of broadening and dynamically expanding into new markets, EC Markets proudly yet with great responsibility and determination announces its participation as an Elite Sponsor at the Finance Magnates Africa Summit 2025 (FMAS 2025). This leading event, taking place on 29–30 May at the renowned Cape Town International Convention Centre (CTICC), aspires to […]
A brokerage firm operating in Dubai has reportedly disappeared with millions of UAE investors’ funds, according to reports by local media publications. According to the Khaleej Times, the firm has left a vacant office in Dubai’s Capital Golden Tower and unanswered calls from desperate investors who have reportedly lost millions of dirhams in funds. Dubai: […]
25
May
May
TradingPRO is proud to announce our participation as a Platinum Sponsor at the upcoming Finance Magnates Africa Summit 2025, taking place from May 29–30 at the Cape Town International Convention Centre (CTICC). Join us at Booth 32, where our team will showcase our award-winning trading solutions, connect with industry leaders, and spotlight our commitment to […]
25
May
May
Capital One Financial Corporation (NYSE: COF) has completed its acquisition of Discover Financial Services, culminating a 15-month process that transforms the company into the largest credit card issuer by loan volume in the United States. Capital One Completes Acquisition of Discover The transaction, first announced on February 19, 2024, received final regulatory clearance last month […]
Institutional FX
Digital Money Takes Over as Just 24% of Euro Payments Are in Cash, European Central Bank Says
25
May
May
The European Central Bank (ECB) is now advancing its digital euro project, hoping to restore control over retail payments while enabling innovation in both consumer and wholesale transactions. In a speech by Piero Cipollone, a Member of the ECB’s executive board, the initiative reflects mounting concerns that Europe’s reliance on non-EU payment platforms threatens its […]