Deutsche Börse
January 31, 2022 BY Steffy Bogdanova

Deutsche Börse sees rise in demand for crypto products in 2021

ESG ETFs were the most popular categories in Europe at €33.6 billion in turnover, climbing 176% YoY. Xetra remained the largest exchange venue for ESG ETFs in terms of trading turnover and number of listed ETFs. Stephan Kraus, head of Deutsche Börse's ETF segment, said: Continued strong growth in our ESG segment reaffirms how mission-critical…

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January 31, 2022 BY Steffy Bogdanova

Crypto exchange Binance restricts 281 Nigeran accounts

Zhao further outlined in his letter the importance of user security and confirmed the company’s devotion to its Nigerian community. Zhao said: Protection mechanisms such as KYC, anti-money laundering measures, collaboration with law enforcement, and account restrictions are in place to ensure our community remains protected and that fraudulent activity is prevented. This is a…

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TradeStation
January 31, 2022 BY Steffy Bogdanova

TradeStation Group Q3 net revenue rises by 2%, customer assets by 33%

Key Metrics in the third quarter TradeStation registered gains in customer accounts with 27,412 new users, making a 81% YoY increase. This brought the total 178,863 customer accounts and 36.1% YoY rise. Customer assets also increased to to $12.3 billion, including $3 billion in total customer cash. This represented 32.7% and 13% increases YoY, respectively.…

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CFTC
January 31, 2022 BY Steffy Bogdanova

CFTC charges ROFX.net in $58 million forex fraud scheme

CFTC alleges that the ROFX website claimed to trade forex using a highly successful automated trading robot with guaranteed coverage of losses. More than 1,100 customers opened trading accounts through the website and deposited their money in the name of one or more of the companies, all controlled by the individual defendants. All of the…

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January 28, 2022 BY Steffy Bogdanova

Jeff Bolke joins Eventus Systems as Chief Revenue Officer

Jeff Bolke added: Eventus has achieved a tremendous amount in a short period of time, with a growing number of marquee clients across every asset class and type of market participant. We will continue to expand in a thoughtful, intelligent way – with the right people, discipline and processes to ensure we’re building even deeper…

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Robinhood
January 28, 2022 BY Steffy Bogdanova

Robinhood sees $423 million net loss in Q4 2021

Vlad Tenev, the CEO and Co-Founder of Robinhood Markets, commented: We had a momentous year, nearly doubling the number of customers on the platform and making critical investments in our team and infrastructure to support growth. This year, we'll expand our ecosystem of products that make Robinhood the best place to start investing and build…

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Appital
January 28, 2022 BY Steffy Bogdanova

Instinet joins Appital Bookbuilding Platform as its first executing broker

Additionally, Appital’s partnership with Turquoise allows buy-side firms access to over 20 settlement venues via a single point of access and with seamless straight-through-processing (STP). Mark Badyra, CEO of Appital, said: What we set out to do with Appital is provide unique, electronic price formation capabilities of illiquid equity positions to enable execution with minimal…

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January 27, 2022 BY Steffy Bogdanova

Swiss bank UBS expands presence in US through acquisition of Wealthfront

Ralph Hamers, Group Chief Executive Officer of UBS, said: Adding Wealthfront’s capabilities and client base to our global investment ecosystem will significantly boost our ability to grow our business in the US. Wealthfront complements our core business in the US providing wealth management to high net worth and high net worth investors through trusted relationships…

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