Downes is expected to lead the strategy, operations, and growth of the company’s pan-European multilateral trading facility. He has significant experience in electronic trading, having previously held senior roles at ITG and Virtu, where he served as Head of Electronic Trading Sales & Strategy and was a member of the Executive Committee. Downes began his…
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Under a memorandum of understanding, the UK-based bank will collaborate with Alibaba Cloud as its strategic partner for AI technologies, aiming to boost operational efficiency and enhance customer experience. The agreement will see the two firms co-develop AI-powered tools for customer service, sales intelligence, risk management, and compliance automation, while also promoting talent development through…
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FINRA stated that between July and September 2022, TradeStation issued promotional materials across its website, emails, and social media platforms that failed to clearly state that crypto assets were not offered through TradeStation itself but through an affiliated entity. The affiliate was not a FINRA member or registered broker-dealer. According to FINRA, some communications gave…
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The Luxembourg-based securitisation firm, which specialises in diversified investment offerings across Forex, equities, and precious metals, said in a press release that it will integrate Tauro Markets’ platform and research capabilities into its operations. The move follows Tauro Markets’ recent accolade as the “Most Trusted Multi-Asset Trading Broker UAE 2024” by International Business Magazine. “This…
Read moreThe move is aimed at accelerating the firm’s global expansion and strengthening its client-focused strategy. The appointment, effective from July 1, follows a strategic growth investment from TA Associates earlier this year. Montane, who will be based in New York, will oversee global sales and marketing, with a focus on expanding smartTrade’s presence in key…
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According to FINRA, the fine is related to private placement solicitations and telemarketing practices between May 2021 and December 2023. The Florida-based brokerage reportedly failed to establish, maintain and enforce adequate supervisory systems and written procedures to ensure compliance with securities laws and telemarketing rules. The firm was found to have violated FINRA Rules 3110,…
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In a release on Thursday, the firm said that excluding the treasury component, net revenue grew 10% year-on-year to €1.3 billion, slightly ahead of internal expectations. Operating costs rose 3% to €620 million, while EBITDA climbed 5% to €891 million. Stripping out the treasury result, EBITDA surged 19% to €684 million. Net income attributable to…
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The transaction is expected to be completed in early 2026, subject to customary regulatory approvals from the Financial Conduct Authority (FCA) and the U.S. Financial Industry Regulatory Authority (FINRA). Close Brothers CEO Mike Morgan said, “This transaction marks another important step in simplifying the group to focus on our core specialist lending business.” The sale…
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The brokerage stated in its release that adjusted profit before tax climbed 17% to £535.8 million, while statutory profit before tax increased 25% to £499.2 million. The company said it has returned £397.5 million to shareholders through dividends and buybacks in FY25, and proposed a new £125 million share buyback in the first half of…
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Operations are expected to be suspended from 29 August 2025, with formal closure subject to regulatory consultation. The move is part of Cboe’s strategy to focus on areas offering stronger long-term returns. “While we have made the strategic decision to exit the Japanese equities business, we remain committed to serving Japan and its financial community…
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