FINRA
October 05, 2022 BY Steffy Bogdanova

UBS Securities fined $2.5 million by FINRA

If the firm fails to close out a failure to deliver, it is prohibited from accepting additional short sale orders in the security without first borrowing or arranging to borrow the security. According to FINRA, between 2009 and 2018, UBS failed to close in time around 5,300 for failure to deliver positions. Additionally, more than…

Read more
Daily Market Commentary
October 05, 2022 BY Steffy Bogdanova

Daily market commentary: The greenback loses streak, drops more than 4%

European Shares European shares fluctuated following the opening bell on Wednesday, with market sentiment taking a break as investors await further macro developments. Most benchmarks were trading sideways this morning, holding their gains following the best weekly start in months for equities and ahead of another day full of important macro news. The bullish enthusiasm…

Read more
Equiti opens a Cyprus office
October 05, 2022 BY Steffy Bogdanova

Equiti secures European license from CySEC

Iskandar Najjar, Equiti Group CEO, said: Our CySEC license gives our clients peace of mind by knowing that they are with a global broker in Europe that they can trust and that with CySEC’s regulatory oversight, strict financial market regulatory standards are adhered to. Regulation and good governance have always been and will continue to be…

Read more
Deutsche Börse
October 05, 2022 BY Steffy Bogdanova

Deutsche Börse’s cash markets turnover jumps nearly 33% in September

Trading volumes on Börse Frankfurt in September came in at €2.51 billion (August: €2.58 billion). Equities on Deutsche Börse generated €92.71 billion in September 2022 and trading in ETFs/ETCs/ETNs accounted for €19.53 billion of the turnover. Bonds recorded €0.23 billion, certificates €1.11 billion and funds brought in €0.05 billion. VOLKSWAGEN AG  was the DAX stock…

Read more
October 04, 2022 BY Steffy Bogdanova

CySEC withdraws CIF licence of IFC Investments

Capixal states the following on its website: IFC Investments Ltd.(”the “Company”) would like to inform you that, following the closure of the open trades on the 9th of May 2022 and the Company’s decision to voluntarily renounce it’s CIF authorization, we are taking all the necessary measures to fully refund any outstanding balances. Where applicable,…

Read more
FXSpotStream
October 04, 2022 BY Steffy Bogdanova

FXSpotStream sees 20.5% jump in September ADV

In September, FXSpotStream’s overall volume stood at $1.61 trillion. The numbers were 15% up from the $1.40 trillion, recorded in August 2022. The overall trading volume of the firm has surpassed $1 trillion every month since the beginning of the year. The company stated: This YoY growth is an indicator of the continued market share…

Read more
October 04, 2022 BY Steffy Bogdanova

Swissquote introduces its own crypto exchange SQX

Marc Bürki, CEO of Swissquote, commented: Swissquote is at the forefront of innovation and was one of the first institutions in Europe with a banking license to offer cryptocurrency trading. The launch of our own crypto exchange is an important step forward in offering our customers deeper liquidity and faster execution. In terms of services…

Read more