Plus500 announces a new $50 million buyback program alongside its current one LeapRate

Plus500 new share buyback program

April 13, 2022 BY Steffy Bogdanova

Plus500 announces a new $50 million buyback program alongside its current one

Plus500 stated in the official announcement: The purpose of the New Share Buyback Programme is to further highlight the Board's continued confidence in the future prospects of Plus500 and reflects its strong financial position. This confidence is supported by the significant operational and financial momentum achieved by Plus500 over recent years, as the Group continues…

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William Wilson joins StoneX

April 13, 2022 BY Steffy Bogdanova

StoneX hires William Wilson as Head of Debt Capital Markets

As StoneX’s new Head of Debt Capital Markets, Wilson will focus on developing bespoke private credit solutions, corporate debt issuance, and SPACs leveraging StoneX’s core target of serving mid-market clientele. Wilson’s appointment is the latest addition to StoneX’s rapidly growing Fixed Income Division which has added over 10 new team members in past six months…

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Robinhood

April 12, 2022 BY Steffy Bogdanova

Robinhood expands crypto offering with four cryptocurrencies

With its latest announcement, Robinhood is addressing the demand for broader selection of cryptocurrencies. Steve Quirk, Chief Brokerage Officer at Robinhood, commented: We’re excited to add more choices for our customers as we work to make Robinhood the best place to invest in crypto. As a safety-first company, we have a rigorous framework in place…

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Hong Kong regulator SFC

April 12, 2022 BY Steffy Bogdanova

HK SFC bans former China Tonghai Securities representative for 20 months

SFC stated in the official announcement: The investigation also revealed that Poon failed to take reasonable steps to establish three clients’ financial situations and investment experience during account opening between May 2019 and February 2020. The SFC considers that Poon has also failed to act with due skill, care and diligence, and in the best…

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April 12, 2022 BY Steffy Bogdanova

ActivTrades partners with Conv.rs to strengthen client engagement

Gho went on to say that the company was looking for an easy to implement, no-code business application and that motivated the choice of Conv.rs. Its chat allows ActivTrades to reach more customers, faster and in a more efficient manner. Enis Mehmet, CCO of Conv.rs, further commented: With ActivTrades having multiple locations that service different…

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April 12, 2022 BY Steffy Bogdanova

CME Group announces new regional leadership structure in EMEA and APAC

Michel Everaert was appointed as Managing Director and Head of EMEA. The new position is based in London and reports directly to Sammann. Having joined CME Group in 2011, Everaert most recently served as Managing Director and Co-Head of Client Development & Sales (CD&S) for EMEA. He has 30 years of experience in derivatives markets…

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plus500 revenue

April 12, 2022 BY Steffy Bogdanova

Plus500 revenue grows 68% in Q1 2022 to $270.9 million

Customer growth and expansion During the first three months of the year, the London-listed broker onboarded 33,740 new customers. This is marginally higher than the previous quarter, when the number of customers fell but 62% lower than the Q1 2021. Plus500 also reported 176,642 active traders on its platform. The average revenue per user increased…

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Match-Trade

April 12, 2022 BY Steffy Bogdanova

Nexus Fintrade teams up with Match-Trade Technologies to offer Match-Trader

Jacek Czerniawski, the Head of Product Development at Match-Trade, said: Match-Trader is the result of cooperation between IT developers specialized in building transactional platforms and forex consultants with many years of experience in the industry. It is a new generation White Label that allows Brokers to create a strong brand and grow their business by…

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BUX

April 11, 2022 BY Steffy Bogdanova

BUX teams up with ABN AMRO Clearing Bank to offer fractional European ETFs

Additionally, BUX has also included additional 95 new fractional US stocks to its offering. Big names among the U.S. stocks that are now also available for fractional investments include Mastercard, PepsiCo and IBM. The company noted that fractional investing in European stocks will also become available in the future. Yorick Naeff, CEO of BUX, commented:…

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Skilling hires Ana Cavero

April 11, 2022 BY Steffy Bogdanova

Ana Cavero joins Skilling as Global Head of Product

Cavero said: I've had the most exciting 2.5 years leading product onboarding optimization and innovation at StoneX Retail. Cavero spent a significant part of her career in customer relationship management and marketing. Outside of trading industry, she spent a big part of her career working at companies like Third Space Learning, O2 (Telefónica UK), and…

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