The Chicago-based brokerage, a FINRA member since 2016, was also censured as part of the settlement. Between July 2021 and July 2023, FINRA said Tastytrade failed to establish and maintain a supervisory system in compliance. They added that the firm’s written supervisory procedures (WSPs) were said to have been inadequate, lacking clear processes for reviewing…
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It was explained in the Clearstream press release that through Clearstream’s Fund Centre platform, UBS aims to streamline processes, reduce costs linked to trailer fee collection, and optimise contract management. The move reflects the European fund distribution platform's growing reputation in the market, as its Fund Centre platform continues to expand Assets under Distribution (AuD)…
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Redefining Trading Through Innovation Tactical Indices are designed to automatically execute pre-defined rules based on technical indicators. This allows traders to potentially capitalise on momentum, trend reversals, and other market dynamics without the need to constantly rebalance positions and incur the associated costs. Deriv’s initial Tactical Indices release features four distinct strategies based on the…
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The violations, which spanned several years, are said to have highlighted lapses in advertising practices, supervision, and privacy compliance. According to FINRA’s findings, retail trading platform Moomoo Financial paid social media influencers to promote its services but failed to ensure these promotions were "fair and balanced." FINRA said some influencer posts made misleading claims about…
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The move is designed to free up capital for increased investment in its affluent franchise, a key growth driver for the bank. The bank announced it is exploring the potential sale of its WRB businesses in Botswana, Uganda, and Zambia. The strategic decision aligns with its broader goal of accelerating income growth and returns, as outlined…
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The company said the licence approval is set to bolster its capacity to facilitate larger capital raises and broaden its investment offerings. The newly gained licence enables NSI to specialise in private placements of securities and referral business. It is designed to assist companies raising equity capital under Regulation A (Reg A) and Regulation D…
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The regulator said that between June 2020 and February 2022, Travis Klein, a trader at the bank, was able to record and conceal these fraudulent trades to mask his mounting losses. Despite previous warnings about weaknesses in its systems, Macquarie Bank failed to implement effective measures to prevent such misconduct, according to the FCA. “Despite…
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The company said in its press release that the collaboration aims to simplify and accelerate the onboarding process for sell-side clients, reducing operational risks and costs. They explain that by integrating LTX with TransFICC's One API for eTrading platform, dealers are able to swiftly and efficiently connect to LTX's innovative RFQ+ trading protocol, with the…
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This latest funding round, led by Citi and including increased participation from State Street, will fuel Capitolis' continued expansion across both its Capital Marketplace and Portfolio Optimisation divisions. The company, which says it aims to create “safer and more dynamic capital markets,” added that each bank will invest $5 million and will join the company's…
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The move allows users to trade top cryptocurrencies like Bitcoin and Ethereum in HKD and USD directly within the ZA Bank app. The bank's decision to offer crypto trading services comes in response to the surging global demand for cryptocurrencies. They noted that with over 560 million users worldwide and a market capitalisation exceeding $3…
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