On 20 April 2020, customers of the brokers held long positions in the May E-mini crude oil (QM) and sweet crude oil (WTI) and suffered trading losses on those positions as a result of the firm’s systems issues. The US regulator stated that Interactive Brokers was aware of the possibility of negative oil futures prices…
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Guido Buehler, CEO of SEBA Bank, said: Two years ago SEBA Bank received a Swiss banking and securities firm licence and is now enjoying excellent business momentum as institutional adoption of crypto & digital assets accelerates globally. The newly secured CISA licence extends the bank’s digital asset investment activities by offering digital custody services for…
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Marex and Volcap’s clients will benefit from the acquisition and the broader product offering it brings. Volcap’s operation will be immdiately integrated directly into the existing Marex client platform. Ian Lowitt, CEO of Marex, commented: Volcap will add to our softs offering and will be a good fit with our fast-growing structured products business, Marex…
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As a result, the company failed to report certain swap creation data for hundreds of thousands of trades. The missing swap creation data included the financial entity status and the US person indicator for each counterparty. The CFTC determined that Refinitiv had to know or had reasons to suspect there were reporting omissions. The Commission…
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John Robinson commented: I’m thrilled to lead the Neptune team and build on the existing strong foundation through collaboration with my extensive global network. I will work to accelerate the firm’s effort in becoming a key element in the trading ecosystem for Fixed Income. We’ll achieve this by continuing to be the provider of the…
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Syed Ashar Akhtar, Head of Development at Gold-i said: At Gold-i, I have been very fortunate to work on super exciting and innovative products. I have always ensured that code-quality, adaptability, reusability and traceability are reflected in all product development stages. The company’s culture and values make it a great place to work and I…
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The official statement said: Binance constantly evaluates its product and service offerings. We will be restricting Singapore users in respect of the Regulated Payments Services in-line with our commitment to compliance. Users in Singapore are advised to cease all related trades, withdraw fiat assets and redeem tokens by Wednesday, 2021-10-26 04:00 AM UTC (12:00 PM…
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In the press release, shared with LeapRate, Exness confirmed that its Chief Market Analyst Wael Makarem will be giving an talk on US stocks on 29th September at 3.15 p.m. presenting how the US stock market could perform during Q4 2021. Mohamad Ibrahim commented: It is incredibly exciting to be, once again, present at a…
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Julian Wheatland, Chief Executive Officer of Cornerstone, said: Dubai is a major destination for foreign investment in real estate, particularly with funds from Asia, and its appeal has been enhanced during the pandemic. Dubai also serves as a gateway to the Middle East, Africa and South Asia, making it an increasingly important centre for global…
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The cancellation of Pure Strategy's licence will take effect in 12 months. During this period, the company will maintain its membership of the Australian Financial Complaints Authority and its obligation to hold professional indemnity insurance cover. Pure Strategy’s AFS licence was initially obtained in 2011. An external administrator has been appointed to the company this…
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