Most of the platforms illegally providing financial services offer derivatives trading with forex and cryptocurrencies. Among the assets classes offered by the entities are also binary options, which are heavily scrutinized in the US. The US regulator stated: A firm is added to the RED List when the CFTC determines, from investigative leads and public…
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Nicky Maan, Spectrum Markets CEO, commented: We are very pleased to announce our strongest quarter to date. Spectrum is still growing in volume as we continue to introduce new innovations, all against a backdrop of a wider downturn in trading triggered by economic uncertainty. During the second quarter, the firm reported that 40.2% of individual…
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Lennix Lai, General Manager, OKX Dubai, commented: The MENA region is one of the fastest growing markets for our industry, and we are very excited to be at the heart of this thriving ecosystem. OKX looks forward to contributing meaningfully to the free exchange of ideas that is going to be so important to the…
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TTB Partners initially approached Playtech with a possible acquisition offer on behalf of an investor group in February. Although no official bid was made, the final deadline for an official offer was set to 15 July. The tech giant had previously rejected a £2.7 billion takeover offer by Australian gambling equipment maker Aristocrat Leisure. Meanwhile,…
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European Shares European shares continue to fall, alongside US futures, as market sentiment remains weighed down after the latest US CPI release. Investors waiting for a positive surprise were left disappointed yesterday following another inflation print showing a fresh 40-year record high at 9.1%. This number isn’t well perceived at all by the market as…
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In his new role, Ivanov will focus on for growing the company's business in the EU, Middle East, and Africa. He will work on developing and managing strategic partnerships to grow the regional business development team. Victor Ivanov added: I am glad to take an active part in the new stage of development of Brokeree…
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Pluta joins the company from JP Morgan, where he spent almost 27 years. Most recently, he served as a Global Head of Linear Rates Trading and Co-Head of North America Rates Trading. In his time with the bank, Pluta traded and managed a range of global trading teams across the Global Rates, Emerging Markets and…
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The Aussie watchdog discovered that Sirius Financial has breached its licence obligations failing to adequately address Toyga’s conduct. Furthermore, ASIC found that Pecyna and Schneider were involved in Sirius Financial’s breaches. Moreover, ASIC deemed them not “adequately trained or competent”. ASIC stated that the two former directors lacked professionalism and integrity for their management roles.…
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Sandeep Arora, Head of Digital and Chief Investment Officer of Citi's Institutional Clients Group, said: Citi has a strong track-record of partnering with FinTechs to build digital solutions for our clients and believe this strategic investment will provide earlier visibility into new technologies and complement our direct investing program. Mark Beeston, Founder and Managing Partner…
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European Shares European and US contracts slid lower on Wednesday, despite Asian shares closing in the green, as investors brace for a busy day on the macro front. Slight improvements regarding the virus situation in China lifted market sentiment overnight, especially towards tech stocks, while treasury markets remained stables. It’s inflation day in the US…
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