BNY Mellon Investment Adviser charged with omissions in ESG by SEC
May 24, 2022 BY Steffy Bogdanova

SEC slaps BNY Mellon Investment Adviser with $1.5 million penalty

Sanjay Wadhwa, Deputy Director of the SEC’s Division of Enforcement and head of its Climate and ESG Task Force, said: Registered investment advisers and funds are increasingly offering and evaluating investments that employ ESG strategies or incorporate certain ESG criteria, in part to meet investor demand for such strategies and investments. Here, we allege that…

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MOEX
May 23, 2022 BY Steffy Bogdanova

Moscow Exchange April FX volumes almost halved

The total trading volume on the Equity and Bond Market was RUB 1.45 trillion. The numbers dropped 67.2% YoY. Trading volume in RDRs, shares, and investment fund units increased by 57.4% YoY to RUB 1.02 trillion. Demand on the derivatives market on MOEX also decreased with 69.6% YoY to RUB 4.2 trillion. Money Market turnover…

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Daily Market Commentary
May 23, 2022 BY Steffy Bogdanova

Daily market commentary: Stocks are trading higher in Europe, with Real Estate and Tech shares driving almost all benchmarks in the green

More clues about those market drivers, especially regarding the economic outlook, may be provided this week as traders await major data such as global PMIs, US new home sales, GDP and jobless claims alongside another batch of speeches from FED, ECB and BoE speakers. Pierre Veyret– Technical analyst, ActivTrades Disclaimer: opinions are personal to the…

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Freetrade raises £30m from existing and new investors
May 23, 2022 BY Steffy Bogdanova

Freetrade raises £30 million in latest funding round

The company’s registered users went over 1.3 million in the UK. Freetrade’s revenue for 2021 increased more than six times £15.1 million, AUA surpassed £1 billion and trading volumes for the year were above £3.7 billion. The announcement specified that the company raised the funds through a convertible loan note. The company highlighted that the…

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State Street Digital hires Rob Otter as Head of Blockchain Engineering and Nitin Gaur as Digital Technology Strategy Lead
May 23, 2022 BY Steffy Bogdanova

Rob Otter joins State Street Digital as Head of Blockchain Engineering and Nitin Gaur as Digital Technology Strategy Lead

Nadine Chakar, head of State Street Digital, said: We are very excited to welcome both Rob and Nitin to the State Street Digital team. They each bring deep expertise, proven track records in supporting the growth of technical teams, cutting-edge research, and creating market differentiating capabilities in digital markets. Both will be critical as we…

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Laoura Salveta joins BridgerPay as Head of Marketing
May 20, 2022 BY Steffy Bogdanova

BridgerPay hires Laoura Salveta as Head of Marketing

Salveta added: BridgerPay’s platform addresses the massive global issue of rejected transactions and cross-border payment processing for any business. Payments globally will double in size by 2025, so BridgerPay is truly the answer to the future of payments and personally I can’t wait to be part of its growth." Salveta joins BridgerPay from 120ADVERTISING.com where…

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Playtech
May 20, 2022 BY Steffy Bogdanova

Playtech says TTB should make an acquisition bid by 17 June

Playtech stated: Discussions between the Company and TTB are ongoing and progress continues to be made. There continues to be no certainty that an offer will be made, or the terms on which any offer may be made. Playtech’s CEO, Mor Weizer, and former Director, Thomas Hall have expressed interest in participating in the TTB…

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May 20, 2022 BY Steffy Bogdanova

Binance seeks to secure German crypto license

The news follows the crypto exchange’s authorization to operate its digital asset trading platform in France, revealed in the beginning of May. The new Digital Asset Service Provider (DASP) registration allows Binance to facilitate digital asset custody, let users buy and sell crypto and help to exchange digital assets for each other. The approval was…

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May 20, 2022 BY Steffy Bogdanova

Daily market commentary: The US dollar index looks set to close the week in the red

European Shares Markets surged higher everywhere from Asian shares to US Futures contracts on Friday, mostly led by Utilities and the Energy sector, as investors welcomed reassuring major monetary news from Beijing. The “Risk-on” trading mood has registered a solid rebound during the last couple of hours as traders cheered the significantly dovish monetary decision…

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NAGA Group
May 20, 2022 BY Steffy Bogdanova

NAGA Group sees €7 million in revenue in April

The gains in the April trading update follows a strong first quarter for the Group. LeapRate reported last month the financial results of NAGA, reporting a 63% jump in revenue in Q1. The company also noted that its NAGAX NFT platform and its blockchain NXNFT are now live. Bilski said: This year, we are experiencing…

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