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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September 08, 2022 BY Steffy Bogdanova

Tools for Brokers unveils new Singapore office

Sergei Gruzin commented: We are excited about the new office in Singapore. It is a very important financial center, and we want to ensure we’re available for face-to-face meetings with clients and partners. We believe the new office will support us in providing top-quality service to our local clients and will help us grow and…

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Invast Global hires Andrew Bradshaw
September 08, 2022 BY Steffy Bogdanova

Invast Global hires Andrew Bradshaw as Head of Prime Services

Background Before he joined AMP, Bradshaw held various senior roles in Tier 1 investment banks, fintech, digital assets and asset management in the APAC region in Australia, Japan, Singapore and Hong Kong. According to the official announcement, his vast experience in Prime Services and specifically on global Hedge Funds positions him to work with Invast…

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Skilling hires Jon Squires
September 08, 2022 BY Steffy Bogdanova

Jon Squires joins Skilling as Executive Chairman

Squires brings nearly two decades of experience of company leadership, within the media and corporate sectors. He has previously held the role of Group CEO at Capital.com and Currency.com, and served as Chief Digital Officer at Exness. Squires added: It is the perfect time to be joining Skilling at this stage of its expansion. The…

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September 07, 2022 BY Steffy Bogdanova

Hybrid Solutions rebrands and opens a new Dubai office

Adel Jibrin, the newly appointed CEO and Managing Partner at Hybrid Solutions commented: We are proud to be sharing this news after recently celebrating Hybrid Solutions’ 20-year anniversary. Over the past two decades we have seen the Hybrid Solutions brand evolve to become one of the world’s leading providers of online trading software used by…

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September 06, 2022 BY Steffy Bogdanova

Online FX and CFDs broker Traders’ Hub launches in the UAE

Suhail Al Otaiba, CEO at Traders’ Hub commented: We are extremely proud to be launching a new online trading firm in the UAE. Our goal is to become the investment house of choice for local and MENA region trading clients as well as provide the best trading environment for international expats and businesses in the…

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