In the beginning of 2018, GT Bank stopped taking on new customers. Given the FCA’s concerns, the bank agreed to wider voluntary restrictions on business later the same year. These additional requirements remained in place until mid-2021. They were lifted then GT Bank remediation plan, which was checked by an independent third party. The FCA…
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SIX revealed Zeeb’s plans for the future involve the creation of “new business models to explore further opportunities to shape the capital markets industry of the future” but did not give further details. Jos Dijsselhof, CEO SIX: On behalf of the Board of Directors and the Executive Board of SIX, I would like to thank Thomas for…
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In 2022, EBITDA of the London-listed broker grew to $454 million from $387.1 million. Additionally, the company’s balance sheet remained strong as the Group continued to hold no loans or debt. The cash balance reached more than $900, compared to $749.5 million at the end of December 2021. Plus500 stated: The Group delivered an excellent…
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European Shares European markets opened mostly in the green on Tuesday, despite Asian shares closing mixed overnight, while US benchmarks also point to an uneven open. Risk appetite seems to have a taken a short-term break as many investors seek more clarity about how far central banks will go with their monetary tightening cycle. The…
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In the previous week after some very positive news for the dollar like a decreased trade deficit on the balance of trade, lowered unemployment rate and better than expected NFP. This created some losses on the oil chart against a stronger dollar and is currently on the move to regain back those losses. On the…
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He has also held a variety of senior roles including Chief Operating Officer, and Global Head of Execution & Quantitative Services overseeing the development of Liquidnet’s suite of algos. Prior to Liquidnet, Laible worked for global organizations such as Macquarie Securities, Nomura, Lehman Brothers and ITG. Rob Laible, Head of Americas, BMLL, said: I am…
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Acting Director of Enforcement Gretchen Lowe, said: The CFTC will use all available enforcement tools to aggressively pursue fraud and manipulation regardless of the technology that is utilized. The CEA prohibits deception and swap manipulation, whether on a registered swap execution facility or on a decentralized blockchain-based trading platform.” The scheme According to the official…
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Ray Tierney, President of Broadridge Trading and Connectivity Solutions, said Using Glue42’s technology we are providing clients with a better and more seamless user experience, creating one interface for traders to access unique functionality from multiple Broadridge solutions. This new single login provides interoperability, access to the best components from multiple solutions making the trading…
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Rostro Group founder Roger Hambury added: The acquisition of Scope Markets presents the largest and latest acquisition, signalling our intent to be a leading provider of financial services within our sector globally. The team and I are very excited about the future. Rostro now has control over Scope Markets’ main operating hub in Cyprus, as…
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Oil Brent oil prices rose during early European trading. The reopening of the Chinese economy is playing an important role in the change of outlook for oil demand, which is now expected to recover. At the same time, the end of the zero-covid policy mitigates fears of a serious global recession, while the dollar is…
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