ASIC ban
July 14, 2022 BY Steffy Bogdanova

Trade360 operator surrenders licence, ASIC bans former directors

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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July 13, 2022 BY Steffy Bogdanova

Illuminate Financial announces investment from Citi

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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Daily Market Commentary
July 13, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar index is trading flat

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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July 13, 2022 BY Steffy Bogdanova

Naureen Hassan appointed as President of UBS Americas

Group Chief Executive Officer Ralph Hamers: I am delighted to welcome Naureen Hassan to UBS as President UBS Americas and to congratulate Iqbal on his expanded role as sole President Global Wealth Management. I also want to personally thank Tom for his leadership and significant contributions to UBS over the past four decades. He’s been…

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BlackBull warns about impersonators
July 13, 2022 BY Steffy Bogdanova

BlackBull Markets issues impersonator scam warning

BlackBull Markets noted that they have informed the relevant authorities and are taking all necessary legal action. The firm stated: We have been in communication with clients who have alerted us to the fact that they have been defrauded through this website. There has recently been an increasing trend of scammers attempting to impersonate BlackBull…

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Tim Cartledge joins Tradefeedr
July 12, 2022 BY Steffy Bogdanova

Tradefeedr hires Tim Cartledge as chief data officer

Additionally, the announcement noted that the family office of Cartledge, Alphaview Limited, will make a $1 million investment in Tradefeedr. He will consequently join the company board. Cartledge said: In the early 2000s I was one of the pioneers using analytics to revolutionise FX trading at banks, an approach that continued during my time at…

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Daily Market Commentary
July 12, 2022 BY Steffy Bogdanova

Daily market commentary: The euro’s bearish trend is continuing

Oil Oil prices dropped during early Tuesday trading, as the markets appear increasingly convinced that a global economic slowdown is coming. With inflation remaining high and forcing central banks and fiscal authorities to withdraw stimulus, an energy crisis in Europe that appears to be about to get worse and trigger a recession, and disappointing demand…

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plus500 revenue
July 12, 2022 BY Steffy Bogdanova

Plus500 reports Q2 revenue jump of 68% YoY, US trading platform to launch in H2

Plus500’s CEO, David Zruia, commented: Plus500 continued to outperform in the first half of 2022, supported by positive momentum achieved in recent years and by the power of our market-leading proprietary technology. The Group continued to deliver outstanding levels of returns to shareholders during the period, through both recent $60.0m dividend payments and our most…

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