Category: Financial Services

CFTC
September 17, 2021 BY Steffy Bogdanova

CFTC brings forex fraud charges in a $426K Ponzi Scheme

The CFTC further alleges that Bryant made numerous false statements to potential and current pool participants about his trading experience, his success rate, and being registered with the National Futures Association. Bryant omitted to disclose that he was a convicted criminal with a history of financial problems, including three bankruptcies. The regulator explained that instead…

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Singapore Exchange launches ESG derivatives
September 10, 2021 BY Alan Sayer

SGX Sees Investor Demand Increase Due to ‘Uneven’ Economic Recovery

Elsewhere, SGX said its commodity derivatives were the standout performer due to price swings and supply chain issues continuing to impact physical markets. The entire commodity derivative volume, including iron ore (which SGX says is a macroeconomic proxy for China), climbed 10% year-over-year to 2.6 million contracts. In addition, forward Freight agreements (FFA) volume surged…

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Whistleblower
August 30, 2021 BY Steffy Bogdanova

SEC awards 5 whistleblowers with $2.6 million

SEC awarded a whistleblower over $350,000 for providing independent analysis which led to a successful enforcement action. With unusual effort and expertise developed over many years, the individual identified patterns among publicly available information which allowed the regulator to quickly identify and prevent wrongdoing and to preserve assets. Emily Pasquinelli, Acting Chief of the SEC’s…

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Blockchain
August 23, 2021 BY Alan Sayer

XREX Raises $17m To Expand Fiat Portfolio and Partnerships

Other investors include SBI Investment, a subsidiary of SBI Holdings, Global Founders Capital, ThreeD Capital, E.Sun Venture Capital, New Economy Ventures, Systex Corporation, AppWorks, Black Marble, Metaplanet Holdings, and Seraph Group. XREX’s seed round closed in 2019, raising $7 million from investors such as AppWorks (who were the lead), Metaplanet Holdings, Black Marble, Skype’s late…

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Moscow Exchange
August 20, 2021 BY Steffy Bogdanova

MOEX announces net profit growth of 2.1% in Q2 2021

Operating income was increased 9.7% YoY and F&C income accounted for more than 75% of operating income. EBITDA added 3.9% and the adjusted EBITDA margin stood at 72.4%. Yury Denisov, Chief Executive Officer of Moscow Exchange, said: We see interest from clients to trade global markets strategies using derivatives. For that reason, we recently launched…

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CME Group
August 19, 2021 BY Steffy Bogdanova

CME Group dismisses $16 billion Cboe takeover rumours

When approached by the Financial Times, Cboe, who also owns stock exchange operator BATS Global Markets, said it "does not comment on market rumours or speculation." Despite the denials, any deal would mean two of the most important names in financial market derivatives coming together.  CME Group (Chicago Mercantile Exchange, Chicago Board of Trade, New…

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Plaid funding
August 18, 2021 BY Steffy Bogdanova

Amex and JP Morgan join Series D funding round for Plaid

Plaid also intends to bring in new products that will allow banks and fintech companies to connect more easily. This will provide the level of security that banks expect while also making sure that no functionality is removed. As the fintech landscape continues to move forward, new and innovative products are vital to the industry’s…

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Swiss Stock Exchange
August 17, 2021 BY Steffy Bogdanova

SIX Swiss Exchange partners with Venturelab to support SMEs and Startups

Stefan Steiner, Co-Managing Director, Venturelab, said: We believe that an IPO has always been an important option for scale-ups, and we need to further raise awareness of its benefits. Today, most entrepreneurs lack the necessary knowledge of how IPOs work, and many misconceptions potentially limit growth opportunities for these organizations. The TOP 100 partnership will…

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