Binance’s initial bid for acquisition was rejected and rumors surfaced that the reason for the rejection was alleged concerns of national security threats to the US government. In his interview with Bloomberg, CZ denied the rumors and said that FTX might have spread them. He stated: There was never any concerns about us participating in…
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Furthermore, the Australian regulator has decided to revise the definitions of 'Active' and 'Complex' products and specifying that all labels should appear at the end of the product trading name and secondary label should appear immediately before the primary label. ETP products should now be named “XYZ Active ETF” (or XYZ Complex ETF). ASIC Commissioner…
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EU benchmarks remains well oriented this morning, with the DAX-40 index from Frankfurt registering the best performance so far as the market now trades well above the 14,500pts mark, with the 14,580.0pts resistance in sight. Pierre Veyret– Technical analyst, ActivTrades Brent oil prices hedged higher during Wednesday trading, read more... Disclaimer: opinions are personal to…
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Hisham Mansour commented: CFI’s leading position in MENA is very strategic for us and the acquisition of El Mahrousa in Egypt comes about to solidify our position. The Egyptian market is a key market in the region and we saw we have to be there physically through a locally regulated company. Mansour further noted that…
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The regulator added: It is unfortunate that in Chapter 11 filings, the new CEO of FTX Trading Ltd. misrepresented this timely action through the intemperate and inaccurate allegations lodged in the Transfer Motion. It is also concerning that the Chapter 11 debtors chose to rely on the statements of individuals they have (in other filings)…
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Andreas Lazarou, CCO at Squared Financial, commented: I'm very excited to join Squared Financial at a time when the Group is thriving to mark milestone after milestone. The trading scene is crammed with brokerage companies, and this is when Squared Financial wants to stand out with its avant-garde vision of trading. I am sure that…
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Should such plans go ahead, Moscow is likely to react by further restricting exports, in a move that could create scope for further gains in the price of the barrel. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is not a…
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In July, the bank appointed Ulrich Körner new Group Chief Executive Officer to replace Thomas Gottstein. Credit Suisse noted that client activities have been impacted by economic challenges and market environment. The bank stated: The Investment Bank has been impacted by the substantial industry-wide slowdown in capital markets and reduced activity in the Sales &…
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ASIC is now seeking declarations, injunctions, and pecuniary penalties. ASIC Deputy Chair Sarah Court said: We are concerned that Block Earner offered financial products without appropriate registration or an Australian Financial Services licence, leaving consumers without important protections. Simply because a product hinges on a crypto-asset, does not mean it falls outside financial services law.…
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Furthermore, Britannia will also become XCore community members. Samuel Gunter, Head of Foreign Exchange Trading, commented: We are excited to grow our Prime Brokerage offering to include CFDs and further expand our technological infrastructure, which will allow us to effectively service the increasing demand from our clients.
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