ASIC
June 11, 2021 BY Steffy Bogdanova

ASIC extends a 12 months relief for foreign financial services providers regarding AFS licence

ASIC Corporations (Amendment) Instrument 2021/510 extends the relief contained in these instruments: ASIC Corporations (Repeal and Transitional) Instrument 2016/396; ASIC Corporations (CSSF-Regulated Financial Services Providers) Instrument 2016/1109; and ASIC Corporations (Foreign Financial Services Providers—Limited Connection) Instrument 2017/182. These aforementioned instruments currently apply to a range of FFSPs until 31 March 2022 The announcement stated: The…

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acquisition
June 10, 2021 BY Steffy Bogdanova

Crypto platform Gemini acquires Shard X to boost speed and security

Shard X's MPC will work in combination with all other aspects of Gemini's custody offering, including role-based governance protocols, multiple layers of biometric access controls, and physical security to safeguard the sensitive key material, safely stored in government-rated hardware security modules (HSMs), that controls customers' assets. Tyler Winklevoss, CEO of Gemini, commented: Integrating MPC technology…

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BitMax now offers multilingual services
June 10, 2021 BY Steffy Bogdanova

BitMax now offers multilingual services

The company stated: Traders can expect that BitMax will cater to more multilingual crowds soon. The global digital exchange platform BitMax was founded in 2020, with the goal of making crypto trading more accessible to traders, while preserving the highest standards in the field. The brand aims to create an autonomous digital currency platform for…

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smartTrade appoints Colin Murphy as Chief Revenue Officer
June 10, 2021 BY Steffy Bogdanova

Colin Murphy joins smartTrade as Chief Revenue Officer

Colin Murphy said: I am incredibly excited to join the smartTrade team as we look to further scale the business. With a strong product offering and exceptional core technology, smartTrade is uniquely positioned to grow. I look forward to serving smartTrade’s clients and further improving the customer experience as we build innovative, new products across…

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CFD broker TMGM obtains FMA license in New Zealand
June 10, 2021 BY Steffy Bogdanova

CFD broker TMGM obtains FMA license in New Zealand

Chief Marketing Officer, Angelo D’Alessio, commented: This is a key milestone for TMGM. Expanding our global reach has been an important focus for us. Since the success of the Australian Open sponsorship, widening our reach was a natural step for us in this journey. Securing the FMA license further solidifies our commitment to expanding our…

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CMC Markets
June 10, 2021 BY Steffy Bogdanova

CMC Markets reports £409.8 million net operating income

CMC said that it continued to offer its clients resilient platforms, which meant that existing clients could trade. New clients could also onboard even throughout periods in which trading volumes were extremely high and markets were especially volatile. It also continued to invest in proprietary tech platforms to diversify its offerings, having launched Spot FX…

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June 10, 2021 BY Steffy Bogdanova

Morgan Stanley appoints several E*Trade executives to senior roles

It was also announced that Mike Murphy, head of brokerage services at E*Trade, will lead digital direct client service and Chris Larkin, E*trade’s head of trading, will oversee trading across the division. Additionally, Shane Mulron, who previously led institutional product and risk management for E*Trade, will lead business control and support. Last year, Morgan Stanley…

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CAPEX.com adds 12 new cryptocurrencies to its offering
June 10, 2021 BY Steffy Bogdanova

CAPEX.com adds 12 new cryptocurrencies to its offering

Christina Koullapi, Executive Director at Key Way Investments Ltd, the company operating CAPEX.com under its CySEC regulation, said: With crypto transactions allowed on massive payment platforms such as PayPal and investment banks such as Goldman Sachs or Morgan Stanley offering access to crypto funds for its clients, it was a logical step for us to…

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Acquisition
June 10, 2021 BY Steffy Bogdanova

Broadridge acquires AdvisorStream

Broadridge’s data foundation, together with AdvisorStream, will allow financial advisors to pinpoint what is most relevant and engaging for individual clients at each step of the investor lifecycle. Additionally, AdvisorStream’s compliance capabilities provide flexibility for advisors while still integrating into existing head office marketing workflows. Kevin Mulhern, CEO of AdvisorStream, commented: When we created AdvisorStream,…

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