Euronext
April 24, 2020 BY Steffy Bogdanova

Euronext expands in the Nordic region, acquires 70% of VP Securities

Euronext offered DKK1.12bn (c. €150m2) for 100% of the shares. The company will open an offer to all the remaining shareholders with the same terms and conditions. The acquisition falls inline with the with Euronext’s disciplined capital deployment policy and commitment to maintain a strong investment grade credit rating. The acquisition process of VP Securities…

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Forex Weekly Look Back
April 24, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: Oil prices turn negative for the first time in history, Plus500's CEO steps down

Australian brokerage firm Synergy FX, acquired by ACY Securities in 2018, was revived as Synergy Markets, lead by its founder Christian Dove. Synergy Markets opened for clients earlier this week and based on Synergy FX’s good standing in the industry, the rebranded version is expected to do well in the market. FX veteran Christian Dove, who ran the…

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April 23, 2020 BY Steffy Bogdanova

HKEX to implement Volatility Control Mechanism enhancements

HKEX’s Head of Markets Wilfred Yiu said: The enhancement will further strengthen our stock-level safeguards during extreme price volatility, and reflect changes in international practice and regulatory guidance. HKEX discovered substantial market support for the proposal for implementing first phase of VCM enhancements, based on the consultation feedback. The first phase includes: Expansion of VCM…

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Binance seeks to curb SEC’s hunt for “fraud”
April 23, 2020 BY Steffy Bogdanova

Binance launches payment app for cash and crypto in Nigeria

Bundle also supports a range of deposit methods such as credit cards, bank transfers and mobile money, a widely used cash storing method in Africa. Founder, Yele Bademosi said: We built Bundle with the digitally native African user in mind. They are social, online, and connected across geographical boundaries. They prefer their financial services delivered…

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April 23, 2020 BY Steffy Bogdanova

New Zealand FMA adds accessfinancenz.com to its warning list

The website is not associated or authorised by the company Access Finance Limited, registered in New Zealand. Read More: New Zealand FMA adds MetalsWise to its warning list New Zealand FMA adds Horse Forex and Whitley Trading Group to its warning list New Zealand FMA adds Tiger Brokers (NZ) and Profit Bitcoin to its warning list

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April 23, 2020 BY Steffy Bogdanova

Aite Group study suggests technology will play a vital role in risk management

Anthony Pereira, Head of Torstone’s Risk Platform, noted: In rapidly changing global markets, risk teams need technology that provides real-time oversight and the capability to answer new questions not captured in their daily batch reports. This comes while operational and compliance costs continue to increase for the industry, putting ever-greater pressures on the firms already…

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