FTX
July 19, 2023 BY Steffy Bogdanova

ASIC cancels FTX’s license in Australia

Additionally, the cancellation of the company’s AFS license does not affect requirements stemming from its membership with the Australian Financial Complaints Authority, and to have arrangements for compensating retail clients. The official announcement also detailed that John Mouawad, Scott Langdon and Rahul Goyal of KordaMentha were appointed as voluntary administrators of FTX Australia and its…

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Interactive Brokers
July 19, 2023 BY Steffy Bogdanova

Interactive Brokers’s revenue falls 5% to $1 billion in Q2

On yearly basis, Interactive Brokers’s income before tax increased 66% YoY to $652 million, with the adjusted number climbing 58% to $716 million. Additionally, income from interest paid by clients rose 9% from Q1 to $694 million during Q2. During the quarter, the electronic brokerage reported pretax profit margin of 65%, while the last quarter,…

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July 18, 2023 BY Steffy Bogdanova

Kama Capital partners with Acuity Trading

Through this collaboration, Kama Capital will enhance its existing portfolio by integrating Acuity's AI-powered insights. This partnership aims to provide their clients with the ability to navigate the ever-changing financial markets with precision through a comprehensive set of market insights, empowering them to make informed trading decisions amidst the rapid pace of the trading landscape.…

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July 18, 2023 BY Steffy Bogdanova

Skale announces integration with CMC Markets Connect

David Nussbaum, Founder & CEO, Skale added: This integration builds on our strategy of integrating with market-leading trading platforms, extending our global reach. CMC Markets is recognised worldwide as an industry leader and we are thrilled that their institutional clients can now benefit from accessing our robust, flexible and secure platform which integrates all the…

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July 17, 2023 BY Steffy Bogdanova

Weekly data: GBPUSD & USOIL price action

On the technical side, the price on the chart is currently in a correction status after reaching a yearly high of around $1.31. The Stochastic oscillator is in the extreme overbought levels for the last 10 sessions  indicating that a correction to the downside might still have some more power into it. On the other…

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Euroclear reports operating income increase of 7% in H1 2021
July 17, 2023 BY Steffy Bogdanova

Euroclear finalizes acquisition of Goji

By leveraging Euroclear's open infrastructure, responsible for managing €3.1 trillion worth of funds worldwide, according to the official announcement, and harnessing Goji's technology, a digital platform will be created to enhance trading and custody processes, improve accessibility, and lower the overall cost of accessing private market funds. The acquisition comes at a time of growing…

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July 17, 2023 BY Steffy Bogdanova

CFI partners with AI-powered trading platform Capitalise.ai

Hisham Mansour, co-founder and MD of CFI Financial Group, commented: We are excited to introduce Capitalise.ai as a game-changer in the MENA trading landscape. By offering this code-free AI trading technology, we are empowering our clients with the ability to automate their trading strategies effortlessly. This partnership with Capitalise.ai underscores our commitment to providing our…

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Market Analysis
July 17, 2023 BY Steffy Bogdanova

Market Insight: Week ending 21 July

Technical View: Markets to Watch for the Week Ahead Currencies: US Dollar Testing Monthly Support It has been quite a week for the US dollar. Consistent with the US Dollar Index—a geometrically-weighted average of the dollar’s value against a basket of six major currencies, including Europe’s single currency—the greenback plunged -2.3% last week, marking its…

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Celsius
July 14, 2023 BY Steffy Bogdanova

Celsius founder Alex Mashinsky arrested for crypto fraud

Likewise, the Commodities Futures Trading Commission (CFTC) brought similar charges against the crypto lender and its founder. The CFTC asserted that Celsius and Mashinsky operated an extensive commodity pool scheme involving digital asset commodities. The derivatives regulator announced a settlement agreement with Celsius, which includes a court order permanently prohibiting the company from engaging in…

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