FCA regulated social trading focused broker Ayondo has announced results for its publicly traded arm Ayondo Ltd., indicating growing Revenues but a large loss in the first quarter of 2018. Ayondo's Q1 results release mark its first as a public company. Ayondo went public on the Singapore Exchange in March in a $16 million IPO.…
Read moreScotiabank announced that its Peruvian subsidiary, Scotiabank Peru, has reached an agreement with Cencosud Peru to acquire a 51% controlling interest in Banco Cencosud, which offers credit cards and consumer loans in Peru, for approximately CAD $130MM. Under the terms of the agreement, the two companies will also enter into a 15-year partnership to manage…
Read moreTP ICAP plc has issued a scheduled trading update in relation to the four month period from 1 January 2018 to 30 April 2018. Revenue in the four months of £601 million was 3% higher than the prior period, consistent with its full year guidance in March. Trading was marked by improved conditions in rates…
Read moreThe Securities and Exchange Commission (SEC) announced that it has charged New York-based investment adviser Premium Point Investments LP with inflating the value of private funds it advised by hundreds of millions of dollars. The SEC also charged Premium Point’s CEO and chief investment officer Anilesh Ahuja as well as Amin Majidi, a former partner…
Read moreUK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Dew Finance Services Limited. Dew Finance Services Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying…
Read moreDash Core Group CEO Ryan Taylor has apparently been the subject of a social media hack. Through PR firm Wachsman, Mr. Taylor put out the following statement late Wednesday: It has come to my attention that I have been the target of cybercriminals at sometime this afternoon (Wednesday, 5/9). At the moment, my Twitter account,…
Read moreRetail FX broker FXCM has reported its trading volume metrics for April 2018, which was the company's slowest month so far in 2018, although in line with what we have seen at several of the other leading online brokers. Overall, retail FX trading volumes were down 12% MoM from March to $184 billion, the first…
Read moreGiven the increased demand for cryptocurrencies, Amana Capital, a leading financial brokerage firm, announced today the long-anticipated launch of CFDs cryptocurrency trading on its MetaTrader 5 platform. This launch conforms with Amana’s mission in offering traders a wide variety of financial instruments and establishing a fully-fledged trading experience. In the first phase, Amana will offer…
Read moreUK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers, which has set itself up as a clone site of popular online CFD broker Plus500 Ltd (LON:PLUS). The FCA’s latest warning is against the company Plus 500 Pro, operating from website plus500pro.com. The real…
Read moreInternational multi-asset broker HotForex has announced that it is continuing its sponsorship of race car driver Tio Ellinas, showing its trust to the young sportsman. This is the fourth time HotForex backs Tio Ellinas, who continues competing at Porsche Carrera Cup Great Britain but has now switched teams to race with SlideSports. After having made…
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