Copenhagen based Retail FX and CFDs broker Saxo Bank has announced that all the necessary regulatory approvals have been received to enable China’s Geely Group and Sampo plc of Finland to acquire shares in Saxo Bank A/S. Following the approval and reflecting the new ownership structure of Saxo Bank, Daniel Donghui Li has been elected chairman…
Read more
Nasdaq (Nasdaq:NDAQ), the global provider of trading, clearing, exchange technology, listing, information and public company services, has announced that it has made an USD 190m all cash recommended public offer to the shareholders and warrant holders of Cinnober (Nasdaq First North: CINN), a major Swedish financial technology provider to brokers, exchanges and clearinghouses worldwide. Nasdaq’s…
Read more
Startups gain better access to later stage financing With a new collaboration, the more than 160 startups from Deutsche Börse Venture Network will get better access to growth financing: global technology advisory and investment firm GP Bullhound is joining the network. Companies in the later stage growth phase in particular will benefit from this. GP…
Read more
The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Capital NCL. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…
Read more
The Securities and Exchange Commission (SEC) has announced that Convergex Execution Solutions LLC, now known as Cowen Execution Services LLC, will pay $2.75 million to settle charges that the broker-dealer firm provided the SEC with incomplete and deficient securities trading information known as “blue sheet data.” According to the SEC’s order, for nearly four years…
Read more
Cyprus financial regulator Cyprus Securities and Exchange Commission (CySEC) has announced that it has decided to withdraw the CIF license of a company called Ouroboros Derivatives Trading Ltd. The complete text of the regulator's decision can be seen below: Announcement date: 13.09.2018 CySEC Decision date: 03.09.2018 Regarding: Ouroboros Derivatives Trading Ltd Legislation: The Investment Services…
Read more
After Goldman Sachs was said to launch a cryptocurrency trading desk this summer, which did not happen, now, another major US investment bank is on the "hunt" for creating a Bitcoin derivative product. Morgan Stanley is rumoured to be eyeing price return swaps that are actually tied to the "people's currency". As the price return…
Read more
The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Bradshaw Asset Management. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…
Read more
CySEC regulated online brokerage and investment company RoboMarkets has announced new additions to the multimarket R Trader platform features. The new features include the following: 1. Strategy Builder Improvements Indicators with equal parameters, such as fractals, can now be compared on different bars. The feature is available in the Strategy Editor. 2. Depth of Market (DoM) Level…
Read more
Commodities and Forex broker INTL FCStone Inc. (NASDAQ:INTL) has announced that its board of directors has appointed a new director, Diane L. Cooper. Cooper retired in 2016 as an officer of General Electric. From 2009 until 2016, she served as President and CEO of GE Capital’s Commercial Distribution Business. The business provided customized inventory financing for…
Read more