Apifiny earns broker-dealer license from FINRA for subsidiary firm
April 30, 2021 BY Steffy Bogdanova

Apifiny earns broker-dealer license from FINRA for subsidiary firm

Haohan Xu, CEO of Apifiny, said: As we accelerate our product development, partnerships, hiring, and overall growth toward a public offering, securing this first phase of our broker-dealer license is a major milestone. Apifiny is able to connect to worldwide cryptocurrency exchanges, working to provide a single market opportunity to its professional trade clients. Not…

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Ripple
April 30, 2021 BY Steffy Bogdanova

Ripple hints at IPO amidst lawsuit settlement

With this in mind, Kitao added: We have been investing in fintech companies, and we adopt that technology in our group, and also we spread that technology across the industry. That is SBI Group’s basic strategy. Ripple CEO Brad Garlinghouse has made previous hints about the potential of a public offering from the firm, yet…

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April 29, 2021 BY Steffy Bogdanova

CySEC settles with Teletrade for €120K

The regulator also reported that the company has paid the settlement amount. CySEC said in the announcement: CySEC, under article 37(4) of the Cyprus Securities and Exchange Commission Law of 2009, has the power to reach a settlement for any violation or possible violation, act or omission for which there is reasonable ground to believe…

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FCA regulation
April 29, 2021 BY Steffy Bogdanova

FCA considers scrapping MiFID rules for small-caps

The FCA now proposes to alter current research-related inducement rules in order to broaden the list of "minor non-monetary benefits". This list will be set to include research on SMEs with a market cap of less than £200m, so that the rules will no longer limit it. FICC research, often associated with difficulties in applying…

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CME Group
April 29, 2021 BY Steffy Bogdanova

CME Group reveals 24% slump in operating income in its Q1 report

Terry Duffy, Group Chairman and Chief Executive Officer at CME Group, said: Since the start of 2021, we have experienced strong demand for our products as clients looked to manage risks associated with the potential for a post-pandemic economic recovery. The recent report showed that the derivatives exchange recorded an ADV of approximately 21.8 million…

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IS Prime
April 29, 2021 BY Steffy Bogdanova

IS Prime offers liquidity via Fortex

Barry Flanigan, Head of Distribution and Liquidity, IS Prime commented: Our partnership with Fortex provides us with an additional global distribution channel. It builds on our strategy of connecting to the key platforms in our industry, ensuring that IS Prime’s liquidity is easily accessible to as wide a pool of brokers, banks, hedge funds and…

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Six former GKFX executives arrested in a $29 million fraud case
April 29, 2021 BY Steffy Bogdanova

Six former GKFX executives arrested in a $29 million fraud case

The suspects were identified by the initials MKY, BK, C.Ö., VS, SE and RE. It was reported that two of them, VS and C.Ö., worked with the others in providing information and technical support to the complainant companies. Because of the intervention in the accounting and information systems the two suspects conducted, it took a…

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oneZero
April 28, 2021 BY Steffy Bogdanova

Three post-trade regulatory vendors join oneZero

Andrew Ralich, CEO of oneZero, said: oneZero’s mission is to give our customers greater control throughout the entire trading lifecycle. By offering the widest-possible offering of post-trade Regulatory Vendors, we are giving customers the ability to seamlessly integrate with the vendor of their choice – no matter how their business changes or evolves to market…

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