According to the Italian regulator, three of the companies are illegal financial intermediation websites and one is a website through which an offer of financial products is carried out in the absence of a prospectus. Consob has the authority to block websites offering illegal financial services at an internet service provider level. The regulator stated:…
Read more
The new Tech hub was made possible with the establishment of a new legal structure in Krakow, setting up a Euroclear SA branch. Andrzej Mikolajczak will take the rains of the new entity as Euroclear SA branch manager. He will work alongside current Euroclear Bank branch manager, Stephane Bernard. Lieve Mostrey, Euroclear Group CEO commented:…
Read more
GBP/USD: Downside Move Unsurprising GBP/USD initially rose following the announcement to increase the Bank Rate, though it failed to find acceptance north of the $1.26 level. Subsequent flow witnessed a one-sided decline unfold to $1.25 during US trading. The recent bout of selling should not have raised too many eyebrows, particularly for those who adopt…
Read more
Additionally, Irvin is a qualified chartered accountant. He has also spent time in Deloitte’s Transaction Services division, where he focused on both financial and operational due diligence on major capital markets transactions. Ian Lowitt, CEO of Marex, commented: We are thrilled to welcome Rob to Marex during this exciting phase of our development. Successful execution…
Read more
However, Robinhood's $441 million revenue for the first quarter still exceeded market expectations. The company reported an increase of 11% quarter-over-quarter (QoQ) in its transaction-based revenues, reaching $207 million during the first quarter. This was driven by an increase of 7% in options trading and 29% in equities, generating $133 million and $27 million in…
Read more
Market Reaction; Where Next for the Euro? The immediate aftermath of the US CPI release witnessed the EUR/USD catch a bid and eventually knock some of the wind out of the $1.10 handle: a clear-cut bull trap which likely ensnared breakout buyers and consumed several protective stops from those attempting to fade the psychological level.…
Read more
Michael Aagaard, Managing Director, GCEX, Denmark said: This is a major step forward for our business and we believe it will be a significant catalyst for growth in Europe. Brokers, fund managers, hedge funds and professional traders based in the EU will now have the peace of mind and reassurance of knowing that they are…
Read more
CySEC stated in the official announcement: The loss of ICF membership status does not mean loss of rights of covered clients to receive compensation in relation to investment operations carried out until the loss of membership status, if the conditions for compensation are fulfilled pursuant to the Directive, nor does it obstruct the initiation of…
Read more
Alexey Kutsenko, CEO of TFB, commented: Making reporting and data analysis accessible for our clients is an ongoing focus for TFB. Complying with local authority requirements is absolutely essential. Through the collaboration with MAP FinTech, we hope to make this process as seamless as possible and provide built-in reporting for more regulators. Panayiotis Omirou, CEO…
Read more
Mohamad Ibrahim, Group Chief Executive Officer (CEO) at XS.com about the firm’s new hire, said: I am delighted to welcome our new Chief Commercial Officer, Wael Hammad, to the Group. With his extensive experience from working in the finance and FinTech world for many years, coupled with his proven track record of success, I am…
Read more