Yorick Naeff, the newly appointed CEO of BUX, said: With this new funding round, BUX will continue to spearhead innovation by implementing advanced features to shape further the future of how Europeans invest. We are extremely grateful to have top tier investors like Prosus Ventures and Tencent onboard to support us in our mission. In…
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Robinhood has announced Christine Brown will lead its crypto division as Chief Operating Officer. At her new position, she’ll oversee all of crypto operations and compliance. Brown will also keep her current position of Robinhood Markets’ VP of Product Operations. The Crypto division is part of Robinhood’s efforts to expand access to financial services to…
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Kim’s arrest and conviction in Korea fundamentally damages his reputation and reliability. This put serious doubt over IDS Forex’s fitness and properness to be licensed. The SFC expressed concerns about the company due to the correlation and timing of the fraudulent scheme Kim was involved in and his capital injections into the company. Furthermore, the…
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Robinhood’s crypto team has more than tripled this year with new hires across engineering, security, and compliance. The online platform is also making steps towards building deposit and withdrawal features for Robinhood’s crypto product. Vlad Tenev, CEO and Co-Founder of Robinhood said: Robinhood Crypto customers are reshaping the investing landscape and Christine is going to…
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Bove commented: This is an exciting time as we continue to grow our talented team of professionals and put into place important technology platforms that offer us tremendous new capabilities and efficiencies. From the Eventus Systems trade surveillance platform we implemented last year, to a state-of-the-art communications surveillance platform we are working to deploy in…
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Dean Berry, Group Head of Trading & Banking Solutions, Refinitiv, commented: We are pleased to now support messaging from CME FX Link activity in order to standardize and streamline how customers can integrate in an efficient way with this growing marketplace for FX swaps. CME Group’s FX Link is available in a central limit order…
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Iskandar Najjar, Equiti Group CEO, said: Equiti Group is committed to ESG (environmental, social and governance) practices and supportive, not only of meeting demands for these financial instruments, but also continually looking at ways of practically increasing our support. We are very pleased that our global product and risk teams have been able to swiftly…
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Thomas Gottstein, Chief Executive Officer of Credit Suisse Group AG, commented: Our results for the first quarter of 2021 have been significantly impacted by a CHF 4.4 billion charge related to a US-based hedge fund. The loss we report this quarter, because of this matter, is unacceptable. Together with the Board of Directors, we have…
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The circular said: On a number of occasions, it was observed that the AML/CFT risk assessments were not reviewed to evaluate whether they needed adjustment upon subsequent changes of the customers’ risk profiles. As a result, the assessment of the customers’ ML/TF risks was not up to date and therefore CDD and ongoing monitoring was…
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Gary Thomson, Chief Operating Officer at FXOpen UK commented: We’ve seen an increased uptake in equity trading in recent months within our UK brokerage and are delighted to widen the reach of equity markets to the wider FXOpen group. The official announcement said: Clients of FXOpen can access leverage of 1:5 on US Stock CFDs,…
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