The reasons behind the MPS renouncing the license were not disclosed in CYSEC’s press release, however the company has faced regulatory issues in the past. The Cypriot regulator suspended MPS’s CIF license for a year in September 2019 on suspicions of an alleged violations of the law that may cause concern and risk relating to…
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European Shares Stock markets jumped higher from Tokyo to US future contracts in New-York, as investors cheered a batch of positive corporate results. Solid reports from tech giants Microsoft and Alphabet have given a fresh boost to market sentiment on Wednesday, sparking hopes that companies can handle tighter monetary conditions and a slower economy. However,…
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In Q2 2022, EBITDA increased 13% and touched €584.9 million. Gregor Pottmeyer, CFO of Deutsche Börse AG, commented: Inflation, interest rates, volatility – the financial market environment is still characterised by a high degree of uncertainty. For this reason also the second quarter clearly exceeds our expectations. Pottmeyer added: In addition to strong secular growth,…
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Ulrich Körner, new CEO of Credit Suisse, said: This is a challenging undertaking but at the same time represents a great opportunity to position the bank for a successful future and realize its full potential. Gottstein took the helm of the bank in 2020 after the resignation of then CEO Tidjane Thiam following a spying…
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According to the financial results, the numbers of active clients on the platform surged 42.7%YoY to 149,824 in H1 2022. However, new clients dropped to 101,030, a decline of 6.3% YoY. XTB Management commented: The ambition of the Management Board in 2022 is to acquire, on average, at least 40 thousand new clients quarterly. As…
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The settlement follows an investigation into Triangleview Investments involving compliance omissions regarding protection of clients’ funds during the period between December 2021 and February 2022. CySEC recently tightened supervision on CFDs brokers as it introduced additional controls to strengthening investor protection. The regulator warned brokers that if they repeatedly have issues with compliance, they will…
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Oil Brent crude oil prices are rising during early Tuesday trading, in a second consecutive day of gains. Concerns over the supply of Russian gas to Europe are having a collateral impact on oil prices, as a potential squeeze on gas supplied to Europe is likely to increase demand of oil and other related fuels…
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The filing stated: The Company operates in a very competitive market, and also regulatory environments including the new leverage and negative balance regulations which suggest that the management will need to make every effort to comply with higher standards of regulatory requirements as well as continue to seek more efficient and effective marketing campaigns in…
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Details on the three cases Bhardwaj, who is former CISO of Lumentum Holdings Inc., and his friends, Dhirenkumar Patel, Srinivasa Kakkera, Abbas Saeedi, and Ramesh Chitor, using information not yet made available to the public, traded securities and generated $5.2 million in profits. In another case, SEC revealed that Goel, an investment banker and his…
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The main downtrend is still active with the price below all of the 50, 100 and 200 SMAs, but there is no longer any sign of oversold from either the slow stochastic or Bollinger Bands; the former at around 65 is between neutral and overbought. The next movement for EURUSD depends on the reaction to…
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