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Broker News | FCA Slaps £4,8m Fine on BGC Brokers and GFI Subsidiaries

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Broker News | FCA Slaps £4,8m Fine on BGC Brokers and GFI Subsidiaries

#Industry
01 How Can the Retail FX/CFD Industry Withstand Biting Global Inflation?

Inflation figures are hitting historic highs and FTD values sinking to all-time lows.
Both brokers and traders are having to restrategize.

02 CySEC Alerts against 5 Illegal FX/CFDs Trading Platforms
One of the platforms is even falsely claiming to have a CySEC license.
The regulator recently warned against fraudsters impersonating the regulatory website.

03 AppMahiMarkets Supports Eurotrader with Pricing and Risk Management Services
Eurotrader will utilize cross-asset trading technology provided by MahiMarkets.
MahiMarkets allows brokers to boost overall trading efficiency.

04 Top FX Prop Firms in 2023
Check out the best FX prop firms in 2023.

 

#Broker

01 FCA Slaps £4,8m Fine on BGC Brokers and GFI Subsidiaries
BGC Brokers, GFI Brokers and GFI Securities must pay a fine of almost £4,8 million.
The inter-dealer brokers failed to implement MAR trade surveillance requirements.

02 Swissquote Gains CySEC License to Boost European Operations
The broker will launch services under the new license next year.
It also holds more than half-a-dozen other regulatory licenses.

03 TRADE.com Owner Gets FINRA License, Expands to US Market
FINRA granted TRADE.com a broker-dealer license.
The broker is regulated in five different jurisdictions.

04 Breaking: Saxo Bank Terminates SPAC Deal Ending Public Listing Ambitions
The broker initially struck a deal with SPAC in September.
The deal was terminated with its ‘timing’ in question.

 

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