The move strengthens CMC’s position in the digital asset space, with the FTSE 250-listed financial services provider also increasing its holdings of the STRX token from 10 million to 15 million. The expanded partnership is said to mark a new phase in the collaboration between the two companies. “This agreement represents a major step forward…
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The company explained that the partnership integrates Visa Direct, Visa’s real-time payments solution, into the Webull U.S. platform. This is said to enable instant transfers between Webull brokerage accounts and external bank accounts, an upgrade from traditional methods such as ACH transfers, which can take several days. "Webull has always been committed to improving access…
Read moreThe firm said the DIFC, widely recognised as a leading financial hub for the Middle East, Africa, and South Asia, offers a robust regulatory framework and business-friendly environment. Sky Links Capital, a multi-asset brokerage firm, said the move highlights its commitment to strong governance, scalability, and long-term regional growth. Daniel Takieddine, Co-Founder and Group CEO,…
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Donohue brings more than 30 years of experience in global financial markets, including eight years as CEO of CME Group and a recent tenure as Chairman and former CEO of OCC, an equity derivatives clearing house. “We are thrilled to welcome Craig to Cboe,” said William Farrow III, Chairman of the Board. “His visionary leadership,…
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In its brokerage metrics report for April, the broker said client activity remained robust across the platform. The number of client accounts reached 3.71 million, up 32% from the previous year and 3% higher than in March. Client equity also climbed, ending the month at $588.1 billion, a 28% increase year-on-year and a 3% rise…
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In a letter of acceptance, waiver, and consent published on May 1, FINRA stated that the firm failed to accurately report statistical and summary information regarding written customer complaints from January 2020 through June 2022, in violation of FINRA Rule 4530. During this period, the regulator said that at least 300 complaints went unreported, including…
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The number of Gold subscribers rose by 90% to 3.2 million, helping lift other revenues by 54% to $54 million. Net income more than doubled to $336 million, while diluted earnings per share rose 106% to $0.37. Customer engagement was also said to be strong, with 1.9 million more funded customers added over the year,…
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However, the global fintech group said it expects full-year 2025 results to be ahead of current market expectations. EBITDA for the period came in at $93.8 million, down 9% compared to the first quarter of 2024 but up 23% from the prior quarter. The EBITDA margin stood at 46%. Customer income edged 3% higher quarter-on-quarter…
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The company revealed in a Q2 trading update on Thursday that its platform attracted 32,000 new customers in the three-month period, ending the quarter with 593,000 platform customers, an increase of 18% over the past year. Customer growth was said to have been driven by both the advised and direct-to-consumer (D2C) channels. Advised customer numbers…
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According to the brokerage, the account offers users a tax-efficient way to save and invest towards purchasing a first home. The FHSA, a government-registered plan, allows Canadians to contribute up to CAD 8,000 annually with a lifetime limit of CAD 40,000. Contributions are tax-deductible, and both capital gains and interest income grow tax-free. “Buying a…
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