Plus500 reports strong H2 2019 with revenues up 40% compared to H1
January 13, 2025 BY Sam Boughedda

Plus500 Revenue 'Meaningfully Ahead' of Market Expectations

In a trading update on Monday, the company reported revenue of approximately $768 million, with an EBITDA of around $342 million, reflecting strong financial performance. The company added that its financial position remains “highly robust” and debt-free, with cash balances of approximately $900 million as of 31 December 2024.  Furthermore, Plus500 said its proprietary marketing…

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FINRA
January 10, 2025 BY Sam Boughedda

Investments for You Fined $25,000 for Supervisory Failures

The Ohio-based broker-dealer was found to have violated several FINRA rules between June 2020 and September 2024. According to FINRA’s investigation, Investments for You did not implement policies to comply with Regulation Best Interest (Reg BI), which mandates brokers to act in the best interest of retail customers.  “Investments for You failed to establish and…

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January 10, 2025 BY Sam Boughedda

Bank Alfalah Acquires 9.9% Stake in Jingle Pay

Describing Jingle Pay as “one of the fastest growing fintechs in the MENAP region,” Bank Alfalah said the investment highlights “its commitment to driving digital transformation.” Jingle Pay, well-known for its AI-powered tech stack, processed over 2 million transactions and facilitated more than $1 billion in international money transfers in 2024, saving customers over $6…

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January 10, 2025 BY Sam Boughedda

HKEX Announces 2 Senior Appointments

HKEX revealed that Gregory Yu has been named managing director, head of markets, and Kevin Rumjahn has been appointed as managing director, head of strategic projects. Yu will begin his role in March 2025 after an 18-year tenure at JP Morgan. With over 25 years of experience in capital markets across the US, Hong Kong,…

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Revolut
January 09, 2025 BY Sam Boughedda

Revolut Partners with Pyth Network as a Data Publisher

The collaboration allows digital banking firm Revolut to contribute its price data to the decentralized finance (DeFi) ecosystem. Since its launch in 2015, Revolut has challenged traditional banks with services ranging from international money transfers to cryptocurrency trading.  The company now has over 45 million users across 200 countries. Through its partnership with Pyth Network,…

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January 09, 2025 BY Leaprate Staff

Exness Takes Center Stage as the Official Sponsor of iFX EXPO Dubai 2025

As the official sponsor, Exness will have a prominent presence, central to the expo’s activities, providing a space for meaningful engagement with attendees.  Exness will also contribute key insights through two panel discussions focused on critical industry developments and major trends shaping the sector: Crypto Trading: Finding the Evergreen - Wael Makarem, Exness’ Financial Markets…

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January 09, 2025 BY Sam Boughedda

Easy Exchange Registration as Small Payment Institution Cancelled by FCA

The regulator’s action follows the firm's inability to meet essential conditions under the Payment Services Regulations 2017 (PSRs). Easy Exchange, which was registered to provide money remittance services, failed to submit the required annual regulatory reports, known as FSA057 returns, for the years 2021, 2022, and 2023.  Despite repeated reminders and warnings from the FCA,…

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FINRA building
January 09, 2025 BY Sam Boughedda

Fidelity Brokerage Services Hit with $600,000 Fine

The fine comes as the regulator said the company failed to adequately supervise its employees' access to client data and the transmittal of funds from international stock plan services (SPS) accounts.  The violations, spanning from December 2012 to October 2020, resulted in an associated person converting approximately $750,000 from 37 international plan participants. FINRA's investigation…

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January 09, 2025 BY Leaprate Staff

Illuminate the Future Spectrum: ATFX’s Vision for 2025

The Story Behind the Slogan The launch of “Illuminate the Future Spectrum” marks a natural evolution of ATFX’s long-standing commitment to innovation, transparency, and client-centric service. Since its founding in 2017, ATFX has established itself as a global financial services provider, offering cutting-edge trading technology and comprehensive educational resources.  The metaphor of the spectrum captures…

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January 08, 2025 BY Sam Boughedda

Sky Links Capital Announces Strategic Partnership with Centroid Solutions

The collaboration aims to enhance trading experiences for clients and improve liquidity distribution across financial markets. Centroid is a fintech provider known for its advanced technology and infrastructure in capital markets. Sky Links said that by integrating Centroid's technology, it plans to offer clients enhanced trading capabilities, real-time analytics, and superior decision-making tools. "The move…

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