ASIC ban
August 19, 2022 BY Steffy Bogdanova

Former DanFX Trade director arrested following ASIC investigation

ASIC noted that in some cases, the money Ali received from investors had come from investors’ self-managed superannuation accounts. In 2018, in the midst of ongoing civil proceedings against him and an ongoing investigation, Ali left Australia. He was arrested in Poland in November 2021 after a warrant for his arrest was issued. Poland granted…

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SGX
August 19, 2022 BY Steffy Bogdanova

SGX Group sees FX revenue jump of 47% in FY22

Loh Boon Chye, Chief Executive Officer of SGX Group, said: Our record-high revenue was driven by higher derivatives volumes across equities, currencies and commodities, as our global customers increasingly used our multi-asset platform to navigate market uncertainties. Forex Performance The Singapore Exchange further revealed that with the recent acquisition of MaxxTrader, together with BidFX, OTC…

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August 19, 2022 BY Steffy Bogdanova

Your Bourse announces three new key appointments

Sergey Rudenko will support the Your Bourse team with a vast expertise in modern software development practices. He has previously worked with Andrey Vedikhin, Founder and co-CEO of Your Bourse, during their time in Alpari. Sergey Rudenko, Head of Engineering added: I am thrilled to re-join and be part of Your Bourse as we look…

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August 18, 2022 BY Steffy Bogdanova

Marex reports 29% jump in net revenues in H1 2022

Ian Lowitt, Marex CEO, commented: I am extremely pleased to report another record half-year result, which demonstrates the earnings power of our franchise against the strong comparative periods of 2021 and 2020, which benefited from Covid-related volatility. I am proud of how our business has successfully navigated the recent market volatility, which at times has…

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August 18, 2022 BY Steffy Bogdanova

ASX net profit reaches $508.5 million in FY22

Total dividend (interim and final) reached 236.4 cents per share in FY22 and 90% payout ratio was maintained. Helen Lofthouse, ASX Managing Director and CEO, said: ASX continues to benefit from its diversified business model. We saw decade-high levels of listings activity, particularly in the first half, with 217 new listings in the period –…

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August 18, 2022 BY Steffy Bogdanova

eToro announces acquisition of options trading platform Gatsby

Integration of Gatsby Founded in 2018 by Co-CEOs and Co-founders Jeff Myers and Ryan Belanger-Saleh, the commission-free options and stock trading app Gatsby is focused on the younger generation of investors. According to the official announcement, Gatsby’s team will become part of eToro including Davis Gaynes (President and Co-founder), Peter Quinn (Chief Operating Officer and…

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Broadridge Bord of Directors adds Eileen K. Murray
August 17, 2022 BY Steffy Bogdanova

Broadridge appoints Eileen K. Murray to its Board

Currently, Murray serves as the Chair of the Financial Industry Regulatory Authority (FINRA). She has been on the Board of Governors since 2016 and her term as the Chair is ending on 19 August 2022. Murray is also the former Co-Chief Executive Officer of the hedge fund Bridgewater Associates. Before to joining Bridgewater in 2009,…

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August 17, 2022 BY Steffy Bogdanova

Paysafe gains registration as a VASP in Italy

The payments platform’s own digital wallets Skrill and NETELLER allow consumers to buy and sell over 40 cryptocurrencies. Paysafe’s VASP registration in Italy follows the company’s crypto asset company registered status from the UK’s Financial Conduct Authority (FCA). Chirag Patel, CEO, Digital Wallets at Paysafe, said: As part of our commitment to providing secure, fast…

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