Category: Financial Services

CySEC fine
August 02, 2022 BY Steffy Bogdanova

F1 Markets and Magnum FX pay €150K in settlement with CySEC

The regulatory concerns were related to the firm’s CIF license conditions, organizational requirements , conflict of interest, elements of remuneration and general principles and information to clients. CySEC’s settlement with Magnum FX came after an investigation, following an onsite inspection in the company regarding the period from January 2019 to July 2020. Similarly to F1…

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SEC fraud
August 02, 2022 BY Steffy Bogdanova

SEC issues charges on 11 people in a $300 million crypto pyramid scheme

Furthermore, SEC alleges that cease-and-desist actions by the Securities and Exchange Commission of the Philippines in September 2020 and by the Montana Commissioner of Securities and Insurance in March 2021 did not stop Forsage from operating and the defendants continued to promote the scheme while denying the claims in several YouTube videos. Carolyn Welshhans, Acting…

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United Fintech announces new office in Madrid
August 02, 2022 BY Steffy Bogdanova

United Fintech opens a developer hub in Madrid

Erik Nordahl, CTO, United Fintech added: Our expansion in Madrid is a great strategic move, enabling us to continue to access top technology talent for our own initiatives, client projects, and to help scale our portfolio companies. The impact of our global sales force is resulting in increased activity for our portfolio companies and the…

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Cboe Global Markets
August 01, 2022 BY Steffy Bogdanova

Cboe global FX revenue jumps 20% in Q2 2022

The average daily notional value of forex trading on Cboe FX came in at $39.6 billion for Q2 2022, up by 21.8% compared to the same period the previous year. However, compared to the first quarter of 2022, the number was 5.7% lower. According to the official announcement, Cboe FX commanded 17% of the market…

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Euronext
July 29, 2022 BY Steffy Bogdanova

Euronext posts 14% revenue increase to €374.7 million in Q2 2022

Additionally, post-trade revenue registered growth with 12.6% increase to €93.9 million.  Clearing revenue reached €31.4 million, up 18% as a result of a volatile environment and net treasury income of Euronext Clearing stood at €15.7 million. Custody and Settlement revenue came in at €62.5 million with a 10.1% rise driven by resilience of the diversified…

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Equinix expands footprint in India with a fourth data centre
July 28, 2022 BY Steffy Bogdanova

Equinix net income reaches $216 million in Q2

In June this year, Equinix appointed Fidelma Russo and Jeetu Patel to its board of directors. Earlier this year, the digital infrastructure company expanded its global presence in  Chile and Peru. Next quarter outlook The company stated that for the third quarter of 2022, it expects a 1-2 % increase in revenue compared to Q2,…

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July 27, 2022 BY Steffy Bogdanova

CME Group reports revenue of $1.2 billion in Q2

The average daily volume (ADV) of the period was up 25%, reaching 23.05 million contracts. Non-US ADV reached 6.3 million contracts, seeing growth in Latin America, Asia and EMEA of 40%, 36% and 15%, respectively. Clearing and transaction fees revenue for the final quarter came in at $1 billion. Market data revenue for the same…

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Deutsche Börse
July 27, 2022 BY Steffy Bogdanova

Deutsche Börse sees net revenue increase of 15% in Q2

In Q2 2022, EBITDA increased 13% and touched €584.9 million. Gregor Pottmeyer, CFO of Deutsche Börse AG, commented: Inflation, interest rates, volatility – the financial market environment is still characterised by a high degree of uncertainty. For this reason also the second quarter clearly exceeds our expectations. Pottmeyer added: In addition to strong secular growth,…

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CySEC fine
July 26, 2022 BY Steffy Bogdanova

Triangleview Investments pays €50K in settlement with CySEC

The settlement follows an investigation into Triangleview Investments involving compliance omissions regarding protection of clients’ funds during the period between December 2021 and February 2022. CySEC recently tightened supervision on CFDs brokers as it introduced additional controls to strengthening investor protection. The regulator warned brokers that if they repeatedly have issues with compliance, they will…

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