The Australian regulator decided to strengthen its protection for retail clients after it found that CFDs trading may result in significant loss for retail clients. ASIC Commissioner Cathie Armour commented: We will closely monitor compliance with the product intervention order and won’t hesitate to take appropriate action to enforce the order. Commissioner Armour added: We…
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MFEX Group and Euroclear’s businesses compliment each other. Through the acquisition, Euroclear aims to create an efficient mechanism to access a broad network of end investors in a fragmented marketplace. Lieve Mostrey, Chief Executive Officer, Euroclear commented: We are delighted to sign this agreement to acquire MFEX Group. We expect MFEX’s broad fund distribution network,…
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The official press release from SIX stated: The medium-term goal is for Swisscom and SIX to further strengthen interoperability between their respective hubs. This will give banks and third-party providers easy and standardized access to an even broader network of potential partners from the financial industry and beyond. Both SIX and Swisscom have made an…
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The United States Attorney’s Office for the Easter District of New York announced this week that Instagram influencer “Jay Mazini”, whose real name is Jegara Igbara, has been charged with wire fraud. The charges were related to a Bitcoin scheme where the social media influencer is alleged to have persuaded his followers to send him…
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Shalom Berkovitz, eToro UK Managing Director and eToro Group CFO and Deputy CEO commented: Dan joins us at a pivotal time. eToro is experiencing strong growth adding over 5 million new registered users in 2020 and a further 1.2 million in January 2021 alone. Today, we have over 20 million registered users globally and we…
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A veteran in the field, Frenkel has more than 40 years in global macroeconomics. He has built a significant experience in leading and advising a number of high profile multi-national financial institutions. Most recently, Frenkel served as Chairman of JPMorgan Chase International, between 2009 and 2020. He was also Chairman of the Board of Trustees…
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This is the second time the brokerage is updating its income expectations for the financial year 2021. In January the company expected the net operating income to be £376.6 million, ranging from £370.2 million to £387.5 million. CMC Markets reported a 135% jump in revenue in the first half of the financial year with around…
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EUROPEAN SHARES Stocks managed to edge slightly higher in Europe on Thursday, despite a bearish opening amid lingering macro uncertainty. Inflation worries, virus spikes and political tensions continue to pressure market sentiment this week while bullish investors increasingly struggle to find positive catalysts. Most stock traders are now trying to identify shares and sectors with…
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Chi-X Asia Pacific has operations in Australia and Japan. Chi-X Australia (CXA) registers 18.4% of the total market share in country and offers trading in all Australian-listed securities, as well as the exclusive trading of CXA quoted warrants and ETFs. Chi-X Japan (CXJ) accounts for 2.7% lit market share, offers four trading books including both…
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Ed Tilly, Chairman, President and Chief Executive Officer at Cboe Global Markets commented: Over the last six years, Cathy's strategic vision for growing the Information Solutions business has been instrumental to our efforts to build a more expansive suite of data analytics, market intelligence and execution services. Her expertise in integrating the company's client-facing technologies…
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