CME Group launches Ether Options
September 12, 2022 BY Steffy Bogdanova

CME Group launches Ether Options

Capital market company DRW Holdings, LLC will provide liquidity on day one of the launch of the Ether Options. Rob Strebel, Head of Relationship Management for DRW, added: As ether transitions through the anticipated merge this week, we expect we'll continue to see strong demand for this Ether options contract. Furthermore, digital currency prime brokerage…

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September 12, 2022 BY Steffy Bogdanova

J.P. Morgan signs an agreement to acquire Renovite Technologies

Additionally, Renovite has a presence in India and the UK and has provided services to J.P. Morgan since 2021. Viren Rana, CEO & founder, Renovite, commented: Renovite’s mission is to provide modernized infrastructure in the cloud with the latest technology, agility and in-depth knowledge of the payments landscape. We are very proud of the team…

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Broadridge
September 12, 2022 BY Steffy Bogdanova

Broadridge teams up with Euronext to provide direct vote execution service in Denmark

Niels Hjort Rotendahl, CEO, Euronext Securities Copenhagen, said: With ESG as a central component for investors, the need for best-in-class governance and stewardship practices has never been stronger. Our collaboration with Broadridge will provide a more direct chain of proxy communications, and a higher level of service quality for all players. This comes at a…

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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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