EU’s Financial Markets Regulator Launches 5-Year Data Strategy
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator, has published its data strategy for the period 2023-2028. In the strategy, the regulator has committed to facilitating the use of new data-related technologies.
ESMA is also planning to reduce reporting compliance costs by the regulated entities and to enable the effective use of data at the regional and national levels. Besides, ESMA Data Strategy 2023-2028 aims to make data more widely available to the public.
BaFin Probes Operators of Ga-Te Websites
BaFin, the German financial supervisory authority, is investigating the operators of the websites ga-te.vip and ga-te.cc on suspicion of offering illegal financial services.
Victims are typically contacted via private social media chats, with subsequent deposits accepted in cryptos to obscure the money trail.
The operators of the websites have not provided complete company information and are believed to be offering financial services in the country without proper authorization.
APBG Capital Licence Cancelled by ASIC
The Australian Securities and Investments Commission (ASIC) has revoked the Australian financial services (AFS) license of APBG Capital Pty Ltd. The authorization empowered APBG Capital to deal with managed investment scheme interests and provide financial advice to wholesale clients.
The move to cancel the license was driven by APBG Capital's decision to cease its financial services business. APBG Capital retains the right to seek a review of ASIC's decision through the Administrative Appeals Tribunal.
Bitpanda Introduces High-Yield Cash Plus Feature
Bitpanda, the Austrian-based crypto exchange, has launched Bitpanda Cash Plus, a new feature offering high yield on cash deposits.
"We believe we have built the best product available on the market, because it combines market leading returns with low volatility, 24/7 availability, no minimum deposit, no lock ins, and no hidden fees," Eric Demuth, the CEO of Bitpanda commented.
This enables users to automatically invest EUR, GBP or USD deposits into money market funds, presenting an alternative to the low-interest rates on traditional savings accounts. The new product is designed to deliver better returns with low volatility, no minimum deposit and no hidden fees. According to the company, it offers a simple means of generating additional return on investment.
TradingView Teams Up with StakingRewards
TradingView, a market-charting platform, continues to expand its reach, now being featured on StakingRewards.com, a staking data and research portal.
Established in 2017, Staking Rewards aims to democratize access to staking and offers a vast array of insights and investment tools for both individual and institutional investors.
Staking Rewards' API is employed by companies like Bloomberg, Coinbase, and Binance, and its integration of TradingView technology emphasizes its ongoing innovation in the staking industry.
Devexperts Unveils Options Trading Platform
Devexperts, a software solutions provider, has introduced a new turnkey options trading platform for brokers handling equities and options. Known for decades-long partnerships with US brokers, Devexperts now avails its technology to brokers globally.
Upon acquiring the license to use the platform, brokers receive a comprehensive risk management system, along with web trader and mobile apps for both professional and beginner investors. The platform allows brokers to monitor their clients' accounts and trading risks in real-time.
New Directors Join StrikeX Technologies
StrikeX Technologies Ltd. welcomes Laurence Booth and Simon Campbell from CMC Markets Plc to its Board of Directors. Booth has two decades of experience in managing execution services across multiple asset classes and geographies. Campbell, the Group Head of Trading at CMC Markets, brings a wealth of experience poised to drive StrikeX's continued growth.
Prior to joining CMC, Booth held senior roles with several major investment banks, while Campbell boasts a strong background in quantitative finance.
Backbase Acquires Nucoro
Backbase, an engagement banking software provider, has announced its acquisition of the UK-based digital wealth platform, Nucoro.
This move will allow Backbase to integrate Nucoro's platform capabilities into its own engagement banking platform. In addition, it will facilitate the launch of digital investment services like robo-advisory or hybrid advisory services.
The newest acquisition aligns with a growing trend for retail banks to launch differentiated investment propositions and signals Backbase's commitment to facilitating better investing experiences.
Torstone Partners with CGS-CIMB
Torstone Technology, a provider of post-trade securities and derivatives processing solutions, has announced a strategic partnership with CGS-CIMB Securities, a securities house located in the Asia-Pacific region.
Through the use of Torstone's platform, CGS-CIMB Securities aims to improve automation and streamline its operations. This partnership expands Torstone's footprint in Asia. The company is eager to use its strong local teams in Singapore, Tokyo and Hong Kong to support CGS-CIMB Securities.
