Commerzbank AG led the MDAX index at €13.9 billion, while Nordex led the SDAX with €3.0 billion. Deutsche Börse stated: 2G Energy ranked as the most traded share in the SME segment Scale with a volume of €200 million. In the ETF segment the iShares Core DAX UCITS ETF generated the largest volume on Xetra…
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Admirals obtained license in South Africa to provide execution services in CFDs to retail and professional clients earlier in June 2022. As part of its expansion in South Africa, the company also opened an office in Cape Town. The global financial technology company further announced on Thursday that its Cypriot and South African business arm…
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The number of transactions for the period was down 4.2 million, which the company attributed to its withdrawal from the UK market, and trading volume came in at €69 billion, compared to 5.7 million transactions and trading volume of €132 billion, registered in the first half of last year. Clients also fell to €24 million…
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The US-based crypto exchange said it has enough funds to ensure all clients can withdraw their assets in that period. Clients will be offered the option to transfer their crypto funds to a third-party wallet or convert them to Japanese yen. Kraken initially launched services in Japan in 2014 and pulled out in 2018. The…
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FTX filed for bankruptcy in November following the quick collapse of the exchange after a liquidity crisis and a failed bailout by Binance. Bankman-Fried stepped down as a CEO after the string of events. The founder of the exchange was accused of "fraud of epic proportions" and is facing criminal charges for defrauding investors. Additionally,…
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As company CEO, Ashraf Sleiman Agha brings an expertise in managing FX and CFDs firm with more than 30 years spent in the financial sector. In his new position, he will oversee all UK operations and tea members. Throughout his career, he has held roles such as Head of Treasury at Saxo Bank, Chief Operating…
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The integration allows brokers using FX Back Office services with offer their clients the Match-Trader platform. Earlier this year, Match-Trade Technologies launched Match-Trader full server solution offer. Brokers can easily integrate the solution into their current setup. The integration provides traders with multiplatform support and more flexibility in their offerings. Vasily Sokolov, Chief Technology Officer…
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European Shares Equities drifted in Europe on Friday, extending overnight losses in Asia while US futures also point to a bearish open for the last significant trading session of 2022. This morning’s slew of mixed macro data from the old continent, including the French PPI, Spanish GDP and Italian business and consumer confidence, combined with…
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The Group acquired Avila in October 2020 to secure a Small Electronic Money Institution. The company’s primary operating subsidiary, Cornerstone Payment Solutions Ltd. (formerly FXPress Payment Services Ltd.) gained approval from the Financial Conduct Authority (FCA) as Authorised Electronic Money Institution in August 2021, which replaced the more limited license of Avila. According to the…
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The Cypriot regulator initially suspended the license of the crypto exchange on 11 November 2022 following its collapse. This came only two months after FTX obtained approval from the Cyprus financial market regulator allowing it to offer company products and services to European clients. CySEC noted that during the suspension, the exchange is not permitted…
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