January 19, 2022 BY Steffy Bogdanova

FCA strengthens rules on promotion of high-risk financial products

Under the new rules FCA is proposing, the regulator would ensure firms that approve and communicate financial marketing have relevant expertise and understanding of the investments being offered. The FCA will also have them improve risk warnings on ads and ban incentives to invest such as new joiner or refer-a-friend bonuses. Moreover, customers looking to…

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January 19, 2022 BY Steffy Bogdanova

Peer Joost becomes CEO of DIGITEC, Hans-Jürgen Joost retires

Peer Joost, CEO of DIGITEC, commented: I would like to formally recognise my father’s contribution to DIGITEC’s growth over the last 40 years. As CEO, he led a team which successfully navigated the Scandinavian banking crisis, the dot-com bubble and global financial crises, reinventing our products and services to satisfy the changing needs of the…

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BlackBull Markets announces the launch of share trading app
January 19, 2022 BY Steffy Bogdanova

BlackBull Markets launches share trading app

BlackBull Markets COO, Benjamin Boulter, commented: From the very start, we have prioritised what investors care about. The breadth of our product offering, our dramatically low fees, and our local customer support are sure to win over investors old and new. It is no coincidence that we are one of the fastest growing brokerages in…

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January 19, 2022 BY Steffy Bogdanova

XTB MENA hires Nadhir Ninouh as Marketing Director

Nadhir Ninouh, Marketing Director at XTB MENA said: I’m extremely pleased to have joined XTB for the next phase of their growth journey and to be working alongside a team of notable industry leaders. I’ll be heavily involved in supporting the firm’s expansion into the Middle East region through my marketing experience and tech background.…

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January 18, 2022 BY Steffy Bogdanova

UK Government to tighten rules on misleading crypto ads

Around 2.3 million people in the UK are thought to be holding crypto assets, according to an estimate. This move will hopefully ensure that cryptoasset advertisements are “fair, clear, and not misleading.” Chancellor of the Exchequer, Rishi Sunak said: Cryptoassets can provide exciting new opportunities, offering people new ways to transact and invest – but…

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Integral volumes report
January 18, 2022 BY Steffy Bogdanova

Integral finishes 2021 with an annual total of $12.4 trillion

The annual volume totaled $12.4 trillion in 2021. Integral’s cloud-based SaaS FX workflow solutions serve a wide variety of buy-side FX market participants, including banks, brokers, asset managers, and hedge funds. Clients leverage the deep and diverse FX liquidity available through the company’s platforms within an integrated environment. Earlier in December, Integral onboarded Riina Sulonen…

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ASIC
January 18, 2022 BY Steffy Bogdanova

BGC Partners pays $110K infringement penalty

The Panel also pointed out that BGC Partners’ failure appeared to be the result of unintentional operator error. It concluded that it is likely this error could have been avoided if BGC Partners had updated its systems to incorporate enhanced technological safeguards. The official statement said: Although enhanced technological safeguards may not be required where…

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