The parent company FTX stopped its operations in November last year after a public collapse and filed for bankruptcy along with 134 subsidiaries. Its Japanese arm’s business was suspended and was supposed to resume withdrawals in December. The exchange pointed out that there might be delays in the processing of the withdrawals due to the…
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On the technical side the price on the fiber chart has found support on the 23.6% of the daily Fibonacci retracement level without being able to make a valid break below it for the time being. With the Stochastic oscillator near the extreme oversold level and the 50 day simple moving average trading above the…
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Chairman of GST, Tone Goh, stated: We continue to make significant progress with our GS Money ambitions and the submission of the application for our stablecoins to be admitted to the FCA Regulatory Sandbox is a key step. We believe the UK market needs a trusted UK-based provider to offer regulated electronic money and payment…
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The FCA is focused on ensuring that consumers affected by the suspension of the Woodford Equity Income Fund (WEIF) obtain redress," the FCA said in its statement. Link Fund Solutions managed the LF Woodford Equity Income Fund until its collapse in June 2019. The UK regulator said that to assist in a potential resolution, it…
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The company already holds licenses in countries such as Japan, the United States, Europe, Australia, Hong Kong, and India. Payments processed via Payoneer are made through a compliant, tightly audited, and secure payments platform supervised by financial regulators worldwide, the company states. The company said the new FCA authorisation demonstrates its commitment to the UK…
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The CFTC says the defendants' representations were false because Vista never traded customer assets and did not even have a trading program capable of generating the promised returns. CFTC Acting Director of Enforcement Gretchen Lowe commented: This action demonstrates our ongoing commitment to use the tools at our disposal to hold bad actors accountable in…
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The new Cboe One Options Feed will offer real-time quote and trade data consolidated from all four Cboe options exchanges, aggregating the best bid and offer of all displayed orders for ETF, equity, and index options traded on the exchanges. Cboe Global Markets' Executive Vice President, Data and Digital Solutions, Catherine Clay, commented: The launch…
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Various market participants and trader-focused groups online already use apps such as Discord and Telegram for subscription services where customers can interact. Much like those other apps, the MQL5 Channels Product allows users to subscribe to trading channels, follow market updates or create a channel and promote their expertise. However, MetaQuotes distinguished its offering by…
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Wassim Khateeb, Chief Commercial Officer at FXCubic, commented: We are constantly working on making our system interoperable and adding as many options as possible for our clients to choose from. FXCubic, has changed the fintech landscape over the last few years with the stability, unique features, numerous integrations, and high performance of our bridging and…
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Despite the decline in some metrics, Hargreaves Lansdown's pre-tax profit rose 31% to £197.6 million from £151.2 million, while underlying pre-tax profit, which excludes the strategic investment costs for the period, increased 30% to £211.9 million from £163.5 million. As a result, earnings per share were 33.1p, 29% above the previous year's period of 25.7p.…
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