During his time at Saxo, Garnry played a key role in establishing the company's reputation for insightful financial research and analysis. He frequently appeared on prominent media outlets such as Bloomberg and CNBC, providing expert commentary on market trends and economic developments. In the past year, Garnry also led Saxo's team of strategists, overseeing the…
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The company revealed that StoneX is currently conducting due diligence as part of the process. Earlier this month CAB Payments said it had received an unsolicited non-binding proposal from StoneX at 145p per share. "Discussions with StoneX are continuing and StoneX and its advisers are undertaking due diligence," CAB Payments said in its release on…
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The company said the strategic move aims to strengthen HKEX's presence in the Middle East and facilitate greater connectivity between the two regions. HKEX is aiming to promote new opportunities for its customers and issuers, with the Riyadh office predicted to serve as a crucial hub for HKEX to engage with investors and companies. Saudi…
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By integrating Centroid Bridge into its operations, Exness said it aims to expand its reach to a wider audience of brokers while ensuring the highest standards of execution speed, stability, and reliability. Centroid Bridge, a multi-asset bridging system, is expected to enable Exness to efficiently distribute its "competitive and unique liquidity" to brokers globally. The…
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The new facilities are said to house a combined workforce of 800 employees, significantly bolstering the company's presence in the country. Since establishing its Global Capability Centre in India in 2019, StoneX has experienced solid growth and now employs over 550 staff in-country, contributing to its global workforce of more than 4,300 employees. Greg Kallinikos,…
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The inaugural event contract will focus on the 2024 U.S. presidential election between Kamala Harris and Donald Trump. Event contracts allow traders to bet on a specific outcome. In the case of the 2024 election, users can purchase a contract for either Harris or Trump. If the chosen candidate wins, the contract will be worth…
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This was driven by positive market movements of £1.5 billion and net new business of £0.5 billion. The company, which agreed in August to be acquired by a private equity consortium for £5.4 billion, experienced net client growth of 18,000 in the quarter, primarily due to net new clients in SIPP, ISA, and Active Savings accounts.…
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The two central banks explained that they will link their experimental central bank digital currency (CBDC) infrastructures, Ensemble Sandbox and Drex pilot platform, to explore payment-versus-payment (PvP) and delivery-versus-payment (DvP) settlement use cases in areas such as trade finance and carbon credits. The partnership builds on a 2018 agreement between the two organisations to foster…
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The investigation originated from Käärmann's inclusion on the HMRC list of individuals who received penalties for deliberate tax defaults in 2017/2018. While the FCA said in its release that it did not find that Käärmann acted with a lack of integrity or was unfit to perform his role, it determined that he should have notified…
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Plus 500's revenue for the quarter increased by 11% to $187.3 million, while EBITDA rose 2% to $82.2 million. The company reported that customer income increased by 8% to $166.3 million in the quarter, up from $153.6 million in Q3 2023. The company also saw a 21% increase in new customers, reaching 24,922, and a 17% increase…
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