Closely held companies commonly use tender offers to provide employees an opportunity to unlock the value of their holdings before an initial public offering (IPO). It was reported last week that SpaceX was discussing selling insider shares at $95 each. SpaceX is projected to generate about $9bn in revenues from its rocket launch and Starlink…
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Achraf Drid, CEO of XTB MENA, highlighted that fractional shares lower entry barriers for Middle Eastern customers interested in stock investments. XTB's goal is to cultivate an equity culture where private investors of any portfolio size can invest in companies they believe have significant growth potential. Before the introduction of fractional shares, certain high-value stocks…
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This concern emerged following an FCA survey involving 42 investment platforms, which revealed that a majority retain a portion of the interest accrued on customer cash balances. The FCA's findings indicate that 71% of these platforms keep some of the interest, with retention rates ranging from 10% to 100%, averaging around 50%. Additionally, 61% of…
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According to a press release, Citi’s cross-border payment solutions will help the fintech expand across Colombia, with a potential reach into other neighbouring countries. Supra has also received backing from early-stage capital investor Far Out Ventures and the early-stage capital management fund H2O Capital Innovation. Don’t miss out the latest news, subscribe to LeapRate’s newsletter…
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The CME panel's investigation uncovered that on 8th June and 9th June 2022, DBAG London was utilising an automated trading system (ATS). This system executed numerous conflicting buy and sell orders on behalf of a single account across three distinct futures markets: June 2022 New Zealand Dollars Futures (Non-inverted CME FX Link Spreads), Swiss Franc…
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The key highlights of this system release aim to introduce users to the open Position Analyzer feature, a tool which allows users to analyse an order before placing it by clicking the menu icon within MT (Market Trader) and QT (Quote Trader) tickets. This action then opens a Position Analyzer module, loading all legs from…
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In a press release, ICC Americas (an international cricket administrative body spanning across the Americas) addressed the positive impact of this new sponsorship on community engagement, ethical business practice and social initiatives. ICC Americas noted how FP Markets’ donation and support of youth development will empower young children and adolescents through education and physical activity.…
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The primary cause for this shift is a recent overnight announcement from the Bank of Japan (BoJ). In this statement, the BoJ retracted its previous indication that it might abandon negative policy rates for the first time in many years, a stance it has now decided against. This change in position by the BoJ has…
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The updated policy is applicable worldwide, and Google expects advertisers to adhere to the legal requirements in their targeted areas. To advertise cryptocurrency coin trusts, entities must be certified by Google, holding the necessary licenses and fulfilling all legal obligations in their target regions. Google's current policy permits certain types of cryptocurrency advertisements but excludes…
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At the close of Friday 8th December’s market, Macy’s shares were trading at $17.39. The investing group, however, have offered $21 per share, higher than current prices but far lower than 2015 when the store’s shares hit $70. A spokesperson from Macy’s noted the slowdown of in-store spending, and the rise of online purchases which…
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