According to securities filings, Mr Becker, SVB’s Chief Executive, and Mr Beck, the Chief Financial Officer, sold shares the week before the bank’s collapse. Becker sold $2.3 million worth of shares and Beck sold more than $575,000 worth of shares, which amounts to one third of his holdings in the company. SEC Chair Gary Gensler…
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The global fintech company noted that the third quarter was a “quieter quarter”, especially in December, when lower market volatility was observed compared to recent periods and the third quarter of the previous financial year. IG further highlighted the benefits of its diversification strategy which led to the exchange traded derivatives reaching £52 million revenue…
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The official announcement, released today, detailed that CQG has completed a FIX connection with Broadridge, which facilitates the direct transfer of order flow from CQG to Broadridge's infrastructure for routing to its network of exchanges and liquidity providers. The ongoing development aims to achieve a seamless workflow between the two systems, enabling customers to view…
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TP ICAP’s board has recommended to distribute 12.4 pence per share as a dividend to its shareholders at a 31% YoY increase. The global broking revenue increased by 13% on a reported basis and 7% on a constant currency basis, with a total of £1.25 billion. £302 million of this total was generated from FX…
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On the technical side the end of the bearish symmetrical triangle is in sight without any clear signal yet as to where the price will head. The Stochastic oscillator is not showing any overbought or oversold levels while the cross of the 50 day moving average above the 100 day moving average gives some indications…
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February ADV increased 3.8% on monthly basis, compared to the $60.57 billion recorded the previous month. On yearly basis, however, last month’s ADV fell 0.4% compared to February 2022. Last month, FXSpotStream’s overall volume stood at $1.26 trillion. The numbers were 5.26% down from the $1.33 trillion, recorded in January 2023. The overall trading volume…
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Noel Quinn, the CEO of HSBC Group, commented: This acquisition makes excellent strategic sense for our business in the UK. It strengthens our commercial banking franchise and enhances our ability to serve innovative and fast-growing firms, including in the technology and life-science sectors, in the UK and internationally. The UK Financial Conduct Authority issued a…
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Additionally, the Cypriot regulator warned the public that the website www.ims-crypto.com is not connected to an entity registered with CySEC as Crypto Asset Service Provider. The Cypriot watchdog stated: CySEC urges investors to consult its website (www.cysec.gov.cy), before conducting business with investment firms, in order to ascertain the entities which are licensed to provide investment…
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Martin Price commented: The ambition of the management team, and the strategy they have set to grow the business, makes this an exciting time to join IG Group. IG’s track record of successful innovation to grow and diversify makes its equity story a particularly compelling proposition. I look forward to working with my new colleagues…
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The regulator stated in the official announcement: ASIC made the interim orders to protect retail investors from acquiring SYEP Derivatives where they may not be suitable for their financial objectives, situation or needs. ASIC is also concerned that the PDS is defective. According to ASIC, Interactive Brokers violated the regulations regarding TMD of SYEP Derivatives…
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