Introduction:
The forex industry has witnessed several notable developments recently, including a decline in trading volume for Exness, the parting of ways between ThinkMarkets and FG Acquisition, fines imposed by CySEC, and a new director appointment at Nasdaq. These events have implications for market participants and reflect the dynamic nature of the forex industry.
Exness, a prominent forex broker, experienced a significant 19% decline in trading volume in November. Despite the drop, the broker has shown a strong year-over-year increase of 62.5%. The decline in trading volume coincided with a slight decrease in the number of active clients on the platform.
ThinkMarkets and FG Acquisition have decided to part ways in a business combination. The details of the separation and its impact on both companies are currently undisclosed. This development marks a significant change in the forex industry landscape and will be closely watched by market participants.
CySEC, the Cyprus Securities and Exchange Commission, has levied fines on three companies operating in the forex industry. The reasons for the fines and the identities of the companies involved have not been provided in the available information.
Nasdaq, a global exchange operator, has appointed a new director. This appointment is expected to bring fresh perspectives and expertise to Nasdaq's operations, contributing to its growth and development in the forex industry.
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