Category: Financial Services

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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Finalto
August 16, 2021 BY Steffy Bogdanova

Playtech’s Finalto relaunches its tech offering Finalto 360

Oksana Remez, Senior Business Development Executive, said: We have seen a big interest in our proprietary trading platform that offers single access point for trading all instruments as well as these immense capabilities to add many 3rd party trading tools, news, education, TV channels etc. The standalone trading solution Finalto Trade was split into a…

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CySEC fine
August 16, 2021 BY Steffy Bogdanova

CySEC fines London Capital Group Cyprus €40K

CySEC stated: The Board of the Cyprus Securities and Exchange Commission (CySEC) wishes to  inform the public that, at its meeting held on the 5th April 2021, decided to impose an administrative fine of €40.000 to CIF London Capital Group (Cyprus) Ltd (the ‘Company’) for non-compliance with article 16(2) of Regulation (EU) 596/2014 on market…

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HKEX
August 11, 2021 BY Alan Sayer

HKEX posts record half-yearly profits of HK$6.6 billion

Despite seeing a rise in revenue of 24%, expenses have only increased by 9%. It means that a large portion of the revenue increase can go towards profits. Expenses sat at HK$2 billion for the first half of 2020 and only increased to HK$2.2 billion for the first half of 2021.  This helped to create…

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Cboe Global Markets
August 05, 2021 BY Steffy Bogdanova

Cboe Global Markets sees a 23% MoM rise in Futures ADV in July

Cboe added: Total volume in Russell 2000 Index (RUT) options reached nearly 1.2 million contracts traded in July, with 56,054 contracts traded on average per day – the highest month on record since October 2018. According to the trading update, S&P 500 Index (SPX) options had highest monthly average daily volume for the year. It…

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