Philip brings more than two decades of experience to Monex Europe. Most recently, he served as Global Chief Operating Officer at fintech Salary Finance Ltd, where he spent seven years. Moreover, Philip helped found the firm and as COO, he spearheaded team-led developments across the business scaling it up. Additionally, he also worked in senior…
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European Shares Benchmarks extended Tuesday’s gains in Europe this morning, alongside US futures, providing investors with a little relief following one of the most bearish week in months for equities. Both French and German indices lead the way on the old continent, driving the STOXX-50 index above the 3,800 pts mark as bull traders managed…
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Margot Gatland, FMA Head of Enforcement, said: The anti-money laundering and counter financing of terrorism regime is an important pillar to maintaining the integrity of New Zealand’s financial markets, so we take non-compliance seriously. Our case alleges Tiger Brokers failed to appropriately vet customers, respond to activities that should have raised concerns, and maintain records…
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The CFTC stated that one of CHS Hedging’s customers engaged in speculative trading that sustained millions of dollars in losses in their company account from January 2017 through December 2020. The customer and their company made margin payments of more than $147 million to CHS Hedging over the course of that period. The CFTC found…
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Judging by the market reaction, with the yield on the 10-year JGB reaching 0.46%, which is well above the previous 0.25% cap, there may scope for further yen gains in the short-to-medium term. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is…
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According to the official filing, the broker’s pre-tax profit skyrocketed 362% to £1.34 million from £290,719 in the previous year. Infinox recorded net profit of £1.06 million for the year. Тhe client assets under management for the period rose to more than £14.3 million, registering a 65% compared to the previous year’s £8.68 million. The…
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The US energy department announced on Friday that it will start repurchasing crude for the Strategic Petroleum Reserve - the first purchases since releasing a record 180 million barrels from the reserve this year in an effort to support the economy from increasing fuel costs. On the technical side we see the price continuing the…
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TSB’s IT migration plan was ambitious and complex, carrying a high level of risk. The FCA noted that the company failed to organise and control the migration process adequately. Both agencies, the FCA and PRA prioritise operational resilience. Mark Steward, FCA Executive Director of Enforcement and Market Oversight said: The failings in this case were…
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Creola Kelly, Acting Chief of the SEC’s Office of the Whistleblower said: The whistleblower here made persistent efforts to bring the conduct to the attention of the SEC, another agency, and the company and is credited with the results of the company’s internal investigation. Payment of the awards is taken out of an investor protection…
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Established in 2009, Acadia provides risk management, margining and collateral services to global financial institutions for the uncleared derivatives markets. The company’s risk and margining products cover all OTC derivative asset classes and offer direct connectivity to more than 2,000 market participants. According to the official announcement, Acadia enables more than $1 trillion in collateral…
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