SGX
September 12, 2022 BY Steffy Bogdanova

SGX reports a 31% YoY jump in FX futures traded volume in August

SGX reported derivatives traded volume saw a marginal rise of 4% in August to 20.4 million contracts. Derivatives' daily average volume (DDAV) reached 921,170 contracts, registering a 2% increase compared to the same period last year. Securities growth Securities market turnover jumped to S$24.3 billion in August, a 35% rise compared to the previous month.…

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Bankman-Fried jailed ahead of his October trial
September 12, 2022 BY Steffy Bogdanova

FTX Ventures plans to acquire 30% stake in SkyBridge Capital

The deal follows a multi-year partnership between SkyBridge and FTX partnership to sponsor global SALT conferences in North America, Asia and the Middle East, and co-present Crypto Bahamas, the institutional digital assets conference that launched in April 2022. With the new deal, the two firms will expand their collaboration on venture and digital asset investing…

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September 11, 2022 BY Steffy Bogdanova

Huobi Group obtains license to operate in the British Virgin Islands

Huobi Group CFO Lily Zhang commented: This landmark approval makes Huobi the first licensed digital asset exchange for institutional-grade derivative products in the British Virgin Islands. It is a testament to our experience, professional knowledge, and track record in the global cryptocurrency industry. CFO Zhang added: We see a huge market opportunity in cryptocurrency derivatives,…

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Deutsche Börse
September 09, 2022 BY Steffy Bogdanova

Forge plans to expand into Europe, partners with Deutsche Börse

Kelly Rodriques, CEO of Forge, commented: The growing interest in private market investing and the growing need for liquidity by private growth companies transcends geographic borders. As Europe’s population of high-growth technology companies continues to grow rapidly, creating an efficient and trusted private marketplace that can meet the needs of those companies and investors across…

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CFTC fraud
September 09, 2022 BY Steffy Bogdanova

CFTC orders ForexnPower operator to pay over $800K for commodity pool fraud

The CFTC alleges that Kang and ForexnPower conducted fraudulent solicitation through misrepresentations in Korean language newspapers. More than $1.5 million from customers were convinced trade off-exchange forex and over $800,000 of customer funds were misappropriated. Kang solicited pool participants and retail forex customers at a ForexnPower seminar, claiming that the company’s trading signals program would…

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European stock market experiences positive change
September 09, 2022 BY Steffy Bogdanova

Daily market commentary: European indices continue to climb

Slowing GDP figures combined with higher borrowing cost, stubbornly high inflation, and debt to GDP ratio at historical highs are among the most worrying signs for bull stock traders. Market volatility is likely to get higher and higher while no strong directionality will be expected as long as no significant breakthrough takes place regarding those…

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ASIC ban
September 09, 2022 BY Steffy Bogdanova

ASIC extends its financial requirements for retail OTC derivative issuers class order for 5 years

The Aussie regulator said: The financial requirements aim to ensure Australian financial services licensees have adequate financial resources to operate their business in compliance with the Corporations Act 2001, and to manage the operational risks inherent in the OTC derivatives market. Minimizing risk to retail traders ASIC has been bringing restrictions to protect retail traders.…

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Saxo Bank
September 08, 2022 BY Steffy Bogdanova

Saxo Bank net profit falls to DKK 302 million from H1 2022

Kim Fournais, CEO and founder of Saxo Bank, said: The results are not satisfactory and affected by difficult market conditions during the first half of 2022. Despite volatility in financial markets, trading activity was lower than the same period last year. Saxo Bank added that as it witnessed a drop in demand, its cost levels…

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September 08, 2022 BY Steffy Bogdanova

Apifiny announces integration with Fireblocks

The integration will remove the need to individually manage and key in the deposit address for every transfer for Apifiny users. They will now only have to complete a one-time setup to connect their account with a Fireblocks Network wallet. Once they are connected, users can settle with any of the more than 20 connected…

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