Robinhood, one of the unicorns of Silicon Valley, and the app that targets millennials to trade zero-fee stocks, has now set its eye on the hottest market:cryptocurrencies. This is a hugely positive news for US investors, since the option to trade zero-fee cryptos will be limited to certain states. Robinhood users will be able to…
Read more
BNP Paribas Asset Management (BNPP AM) announced that it has appointed Michel Fryszman as Head of Structured Finance. He joined on 15 January and is based in Paris. He reports to Laurent Gueunier, Head of Real Assets, SME Lending & Structured Finance. Fryszman’s appointment is the latest in a series of additions to BNPP AM’s…
Read more
Israeli financial regulator the Israel Securities Authority (ISA) has come under scrutiny once again due to Binary Options, but this time from a different angle. After more than a year of public and media pressure for the ISA and its then-Chairman Shmuel Hauser to "do something" about the rash of Binary Options brokers based in…
Read more
GLMX, a comprehensive technology solution for the trading of repurchase agreements ("repo") and secured lending, just announced that it has raised $20 million in growth equity financing. The investment will help the firm expand its operations into major European markets and bolster its engineering team following a record year in which its client base doubled,…
Read more
Wealth management fintech firm JHC Systems (JHC), has hired Ron Tomlinson as Head of Solutions Development. Formerly Global Head of Development of Wealth and Post Trade at Dion, Ron brings unrivalled experience heading up wealth management product development teams. He will report to Chief Financial Officer, Gareth Anderson. Tomlinson’s varied career has given him an…
Read more
Solactive today announced the launch of the Solactive Sustainability Index Europe, which was developed with Deutsche Bank, and is designed to track the performance of environmentally and socially responsible European companies, based on the data-driven platform Arabesque S- Ray®. Arabesque S-Ray® is the first tool of its kind that uses machine-learning and algorithm- based technology…
Read more
Bcause LLC, creator of the first full-stack cryptocurrency ecosystem, announced today the results of its Board of Managers and Chairman elections certified at its Board meeting last night. Members of the Board of Managers elected Karan Rai as the new Chairman of the Board. Shareholders of the privately held company elected five new directors –…
Read more
ASIC just announced that it has commenced proceedings for recovery of unpaid fines against Fast Access Finance Pty Ltd, Fast Access Finance (Beenleigh) Pty Ltd and Fast Access Finance (Burleigh Heads) Pty Ltd (the FAF Companies). In March 2017, the Federal Court fined the FAF Companies a total of $730,000, after finding in proceedings brought…
Read more
The Financial Conduct Authority (FCA) informed that it has today imposed a financial penalty on Interactive Brokers (UK) (IBUK) in the amount of £1,049,412 for failings in its post-trade systems and controls for identifying and reporting suspicious transactions in the period February 2014 to February 2015 (“the Relevant Period”). IBUK is an online broker based…
Read more
Russia’s finance ministry shared information on its official website that it is working on legislation that would regulate cryptocurrency transactions without fully banning them, although it would not let digital FX be used as a payment in Russia. The draft law is said that will also regulate issues related to public raising of funds, cryptocurrencies…
Read more