Acquisition
April 21, 2021 BY Steffy Bogdanova

Plus500 acquires Cunningham Commodities, enters US futures market

David Zruia continued: The acquisition represents an important strategic step for Plus500 as we continue to transition into a global, multi-asset fintech group. Our long-term ambition is to enable simplified, universal access to financial markets, and I’m excited that we have taken a further step toward achieving this today. Bill Cunningham, Andrew Busby and Nate…

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Singapore
April 20, 2021 BY PureContent

Deutsche Bank sets up Singapore engine amid trading boom in Asia

Singapore is notably in the top rankings of trading destinations for FX on a global basis. The Bank of International Settlements (BIS) has reported that Singapore is only marginally trailing behind the UK and the US in the multi-trillion dollar FX market. While distributing up-to-date market statistics for last month, SGX revealed a surge in…

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collaboration
April 20, 2021 BY PureContent

Starling Bank announces £50 million investment from Goldman Sachs

By the end of the next financial year-end, Starling will be set to report its first ever complete year in profit. The announcement of Goldman Sachs’ significant investment will be a key factor in driving Starling’s ongoing lucrative growth. While the announcement has been made, the transaction is still subject to approval from regulators. James…

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FCA warning
April 19, 2021 BY Steffy Bogdanova

FCA warns against CMC Capital and FastCryptoFX clones

Unauthorised firm - Global Blockchain Protection Association Address: Salisbury House, 81 High Street, Potters Bar, Herts, UNITED KINGDOM, EN6 5AS Telephone: +3 197010281211 Mobile: 07877198638 Email: [email protected] Savings Solutions Address: 71-75 Shelton Street, London, WC25 9JQ Email: [email protected] Website: https://www.savings-solutions.com/ UK Alliance Bonds Address: 62 Wandsworth Rd, Nine Elms, London, SW8 2FA Website: https://ukalliancebonds.com Unauthorised…

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CLS
April 19, 2021 BY Steffy Bogdanova

CLS reports an increase in March trading volumes

The forward and spot FX market saw 2% increase in volumes, reaching $0.117 trillion and $0.483, respectively. The numbers in these sections of the market remained lower compared to the ones reported during the same period in 2020. CLS’s Global Head of Product, Keith Tippell, commented: In the first quarter of 2021, we witnessed record…

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Stripe Issuing launches in 20 European countries
April 19, 2021 BY Steffy Bogdanova

Stripe Issuing launches in 20 European countries

Stripe Issuing integrates with Stripe’s suite of products and allows users to manage card issuing programmes alongside payments, fraud prevention, analytics, invoices and recurring billing. Businesses can design their own cards with their own branding in the Stripe Dashboard. Stripe handles card production, fulfillment and shipping. Virtual cards are created instantly, while physical cards are…

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