January 24, 2023 BY Steffy Bogdanova

SEC fines Bloomberg $5 million for misleading disclosure on fixed income securities

Osman Nawaz, Chief of the Division of Enforcement’s Complex Financial Instruments Unit, said: Bloomberg has assumed a critical role as a pricing service to participants in the fixed-income markets and it is incumbent on Bloomberg, as well as on other pricing services, to provide accurate information to their customers about their valuation processes. This matter…

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January 23, 2023 BY Steffy Bogdanova

SEBA Bank launches new crypto banking offering

Mathias Schuetz, Chief Commercial Officer EMEA, said: SEBA is a crypto banking industry leader, bridging and simplifying traditional and digital finance. Since its creation, we have developed a unique universe of products and services. With the launch of the SEBA new offering consisting of the Gold program, the Platinum program, and the Corporate program, we…

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January 23, 2023 BY Steffy Bogdanova

Equinix appoints Thomas Olinger to its board of directors

Olinger has served as Chief Financial Officer at Prologis for the past 15 years. During his time there, he drove significant scale and scope. He oversaw the roll-up of forecasted real estate operating results and metrics globally and served as chair of the company's Global Operating Committee. Before serving as CFO, he was Prologis' Chief…

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Bankruptcy chapter 11
January 20, 2023 BY Steffy Bogdanova

Genesis Global files for bankruptcy

Paul Aronzon, an independent director at Genesis, said: We have crafted a deliberate process and roadmap through which we believe we can reach the best solution for clients and other stakeholders. We look forward to advancing our dialogue with DCG and our creditors’ advisors as we seek to implement a path to maximize value and…

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NAGA Group
January 20, 2023 BY Steffy Bogdanova

NAGA Group in merger talks with “multi-country” broker

The company stated: Naga will maintain its current listing status following the consummation of any such transaction. Earlier in October last year, NAGA Group secured a Seychelles license and gained an Estonian crypto license earlier that year. The neo broker also ventured into the crypto industry with its crypto exchange launched in the beginning of…

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January 20, 2023 BY Steffy Bogdanova

Daily market commentary: Brent oil prices are trading almost flat

With investors choosing to consider the optimistic scenario, of an increase in oil demand in the world’s two largest economies, there may be scope for further increases in the price of the barrel. Ricardo Evangelista – Senior Analyst, ActivTrades The optimistic bullish trading stance has taken a break this week in Europe, read more... Disclaimer:…

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Dukascopy bank
January 20, 2023 BY Steffy Bogdanova

Dukascopy announces two new indices for MT4 traders

The brokerage also stated that it has recently expanded its portfolio with 28 Stock CFDs from Mexico, the Volatiltity Index (VOL.IDX/USD) and the South Africa Index (SOA.IDX/ZAR) for JForex users. Dukascopy rolled out an update to its JForex3 in February last year, launching the new version - its JForex4 trading platform. The company stated: Dukascopy…

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