The FCA announced the decision and said it follows Barclays’ withdrawal of its referral of the case to the Upper Tribunal. “The action was based on findings which included that Barclays' conduct in its October 2008 capital raising was reckless and lacked integrity,” stated the FCA. The regulator explained that it first issued warning notices…
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The company’s CEO, Lord Peter Cruddas, clarified recent reports about a write-off of the initial investment in StrikeX. Cruddas stressed that the write-off was merely an accounting decision and did not reflect a change in CMC Markets' belief in StrikeX's potential or their strategic partnership. CMC said the change does not reflect our belief in…
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Networking Blitz at FMLS 2024 FMLS 2024 kicked off with a Networking Blitz at The Folly, where ATFX Connect executives connected with other industry leaders over drinks and appetizers. This event set the stage for ATFX Connect’s participation, demonstrating the company's proactive approach to industry networking, provided an excellent opportunity for ATFX Connect to reinforce its…
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The financial services firm said in a press release that the new capability, which complements its existing 24-hour futures trading, provides increased flexibility and access to US markets for investors. By enabling 24-hour equity trading, Wedbush said it “empowers investors” to capitalise on market movements during off-peak hours, particularly benefiting investors in Asia and other…
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The company revealed that in his new role, Chow will be responsible for driving HKEX’s sustainability strategy, ensuring ESG considerations are integrated into all aspects of the company’s operations. He will also continue to lead the Group’s legal and secretarial services functions as Group General Counsel. Chow joined HKEX in April 2021 as Group General…
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Gensler, who has led the SEC since April 2021, departs after a tenure marked by various reforms and enforcement actions aimed at safeguarding investors and enhancing efficiency. Appointed by President Biden in the aftermath of the GameStop market volatility, Gensler has spearheaded several regulatory updates. His leadership brought reforms to the $28 trillion U.S. Treasury…
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Building on the success of its presence at the ITTF World Championships Finals in 2023, IC Markets Global will extend its sponsorship across key WTT events, including: The Men’s & Women’s Finals in Fukuoka, Japan (Nov 20-24, 2024) ● The Star Contender in Doha, Qatar (Jan 8-11, 2025) The ITTF World Championships in Doha (May…
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The financial services firm reported a pre-tax profit of £49.6 million, a stark contrast to the £2 million loss recorded in the same period last year. The company said this was due to the combination of robust net operating income and disciplined cost management. Net operating income surged 45% to £177.4 million, which the company…
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The fintech firm said the advancements are designed to revolutionise global trading operations for structured products, letting financial institutions quote hundreds of thousands of products across multiple markets and distribution channels simultaneously. "This transformative development marks a significant leap forward in simplifying and optimizing trading for structured products," commented Konstantin Romanov, Global Head of Principal…
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The company announced its launch in New York on Tuesday, making its services available to eligible investors in all 50 states. This development was confirmed by a tweet from the New York Stock Exchange (NYSE) on Wednesday, highlighting the importance of eToro's entry into the state. “Major news from @eToro — the world’s largest social…
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