24 Exchange CEO and Founder Dmitri Galinov, said: We are very pleased to see such a record-setting response to our FX NDF offering. Our platform is uniquely able to bridge the bifurcated pool of liquidity in NDFs to unlock a single anonymous pool of liquidity for discerning institutional customers. Our growing company remains committed to…
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Erick Zhang, Managing Partner, Nomad Capital, said: Nomad Capital is committed to partnering with our portfolio companies to help them achieve their full potential. Binance’s values and culture have a profound impact on our team and our approach to investing. We are incredibly grateful for Binance’s support and trust. This investment will further propel us…
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According to the court filings, between May 2019 and November 2022, FTX’s customer assets were not separated from the company’s as represented to the customers. Furthermore, they were “routinely held by FTX’s sister digital asset trading company, Alameda” and misappropriated for “luxury real estate purchases, political contributions, and high-risk, liquid digital asset industry investments.” The…
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Admirals onboarded 16,113 new clients in 2022, which is a 16% decline from the previous year due to the pandemic's effects. However, the number of active clients strengthened by 13% to 55,242. The average amount of trades executed by each client was 1,068, and the net trading income per client increased by 72% to €1,249.…
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Lars Holst, Founder & CEO, GCEX commented: There are significant opportunities for GCEX across the APAC region and, from my experience of working with Sue at CFH, I know she has the expertise, regional knowledge and contacts to help us to build a strong presence in the region. This is our first senior hire in…
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Christen Harvey, VP Strategic Partnerships of TT, said: Our alliance with Bantix is the latest strategic partnership we've forged with a best-in-breed provider of technology that improves our clients' trading experience, allowing us to enhance the TT ecosystem with battle-tested tools that would have taken years to develop ourselves. In the first phase of integration,…
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Nick Wiles, Chief Executive Officer of PayPoint, commented: Work on integration is already underway, with an immediate focus on organisational alignment, building on the strong momentum in both businesses and unlocking commercial revenue enhancements. The acquisition is expected to be immediately earnings enhancing in FY24 and the Board believes it will deliver attractive returns for…
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The recent buyback program started after completing another $60.2 million buyback program in November. The Israeli-based broker said in the official statement: The purpose of this Share Buyback Programme is to further highlight the Board's continued confidence in the future prospects of Plus500 and reflects its strong financial position. This confidence is supported by the…
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He posted on his LinkedIn profile: I’m happy to share that I’m starting a new position as Head of eFX at ADM Investor Services! Brooks spent 14 years with Sucden Financial after joining in 2009 as Head of Institutional Equities. After a year, he was named Head of eFX Coverage in 2010, and then moved…
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Robinhood said: To the extent that the SEC or a court determines that any cryptocurrencies supported by our platform are securities, that determination could prevent us from continuing to facilitate trading of those cryptocurrencies (including ceasing support for such cryptocurrencies on our platform). It could also result in regulatory enforcement penalties and financial losses in…
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