Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Dukascopy brings restrictions to bank CFDs; Eurex to launch BTC index futures; Alpha Group's numbers.
Canadian Broker Questrade Adds
to Trading Platform Family
Questrade, a Canadian online
broker and wealth manager, has expanded its family of trading platforms
with the launch of Questrade Edge Mobile, a new app which says “boosts power,
performance and speed to benefit active traders.” The app is an addition to the
broker’s existing platforms: Edge Web, Edge Desktop and QuestMobile.
Speaking on the launch of the
app, Edward Kholodenko, Questrade’s President and CEO, noted that the app is
targeted at improving its clients’ trading and investing experience.
Equiti Group Promotes Ahmad Qutaishat to Sales Vice President
Equiti Group, a provider of online trading technology and multi-asset financial products, has appointed Ahmad Qutaishat as its new Vice President of Sales. Qutaishat, who announced his new role on LinkedIn, was previously a Senior Manager at the brokerage firm.
Robinhood Retirement Joins Forces with Capitalize to Simplify 401(k) Rollovers
Robinhood
Markets, Inc (NASDAQ:HOOD), the US commission-free trading app, has revealed a
new alliance with Capitalize, the platform for rolling over retirement accounts.
The new partnership is designed to assist customers in locating and
transferring their existing 401(k)s into Robinhood's recently launched
individual retirement accounts (IRA).
Bitget Becomes BitKeep's Top Shareholder with US$30M Investment
Bitget, a Seychelles-based cryptocurrency exchange, has emerged as the largest shareholder of the multi-chain wallet, BitKeep with its new US$30 million investment in the wallet. The investment means that BitKeep Wallet will be merged with Bitget's business domain, the exchange announced on Wednesday, noting that the deal will improve the stability and security of the former's services.
Dukascopy Reacts to the Banking Crisis
Duakascopy has changed the trading conditions of stock CFD instruments of seven banks, whose stocks have shown massive volatility recently. These banks are Credit Suisse Group, Ally Finance, Popular, Cullen/Frost Bankers, First Republic Bank, Fifth Third Bank, and Keycorp.
The Swiss broker has restricted the opening of new positions or increasing existing exposure with the eight instruments related to these banks. Further, the broker said it may close the existing positions anytime.
European Exchange Eurex to Launch Bitcoin Index Futures in April 2023
Beginning on 17 April 2023, Eurex will become the first European exchange to offer Bitcoin index futures. This novel contract was developed by the major European derivatives exchange in collaboration with Digital Asset Research (DAR), its institutional-grade digital asset data provider, and FTSE Russell, a leading global index provider.
Tools
for Brokers Presents FIX API Emulator
Tools for
Brokers (TFB), an international technology company, has introduced an upgraded
FIX API emulator technology, making the transition to a Trade Processor
liquidity bridge more accessible and less risky. This new technology helps
clients avoid the usual hassle of excessive coding and re-configuring during
the process.
ASIC has suspended the Australian financial services (AFS) license of Cartesian
Corporate Finance Limited (Cartesian) until 25 August 2023 and has canceled ACVM
Pty Ltd (ACVM) authorization for failing to meet its financial reporting
obligations.
Until 30
June 2023, ACVM has the authorization to offer financial services that are
reasonably required for or connected to the distribution and liquidation of its
assets and the closure of its scheme. In the case of Cartesian, ASIC put the
license on hold as the company has stopped operating a financial services
business. If Cartesian is unable to restart its financial services business by
the end of the suspension term, ASIC reserves the right to revoke the license.
Alpha Group Confirms 27% Revenue Jump in 2022
Alpha Group International (AIM:ALPH), previously known as Alpha FX Group, released its 2022 full-year results on Wednesday, revealing a robust revenue and net income gain compared to the previous year. The Group's earnings came in at £98.3m, increasing by 27% on a yearly basis.
Australian
Banks Asked to Disclose Involvement with Startups and Crypto Ventures
The
Australian Financial Review (AFR) reports that Australia's prudential regulator
requests the nation's banks to disclose their involvement with startups
and crypto-focused enterprises in the aftermath of Silicon Valley Bank's (SVB)
failure.
Citing
three anonymous sources, the Australian Financial Review (AFR) has reported
that the Australian Prudential Regulation Authority (APRA) had instructed banks
to submit daily reports on their cryptocurrency holdings to understand their potential weaknesses better.
Sharda Caro Del Castillo Joins Payoneer's Board
Fintech firm, Payoneer has added Sharda Caro Del Castillo to its Board as a Director, which became effective on 17 March. She brings more than 25 years of experience with a background in payments, financial services, and regulations and compliance. Meanwhile, Heather Tookes stepped down from the Board of Payoneer.
"We are thrilled to welcome Sharda Caro Del Castillo to the Payoneer Board of Directors and look forward to the deep experience she brings and the value she will add to Payoneer," the Chairman at Payoneer stated.
Advanced Markets Integrates PrimeXM's XCore
Advanced Markets has enhanced its liquidity with the addition of PrimeXM's XCore to its liquidity distribution channel. It came as an extension of the partnership between the two companies, initiated in 2020.
Crossover Markets Group, established last year by two former Jefferies executives, has launched CROSSx, an execution-only cryptocurrency Electronic Communication Network (ECN).
The launch was made after Crossover Markets received a seed investment for an undisclosed amount from a consortium of market participants, the majority of which are traditional financial services companies. The backers include major names in the forex and contracts for differences (CFDs) retail brokerage space, including Exness, Pepperstone, Think Markets, and TMGM.
US law enforcement extradited OneCoin's Legal and Compliance Head, Irina Dilkinska, from Bulgaria on Monday and charged her with conspiracy to commit wire fraud and money laundering. Both the charges individually carry a maximum prison sentence of 20 years.
SEC Flags IG's DailyFX as an "Unregistered Soliciting Entity"
The United States SEC says DailyFX, an IG Group-owned trading news portal, is not allowed to solicit investments from investors. While the US is the site's top source of traffic according to Similarweb, IG Group clarified that it is designated to European and Asian traders.
Canadian Broker Questrade Adds
to Trading Platform Family
Questrade, a Canadian online
broker and wealth manager, has expanded its family of trading platforms
with the launch of Questrade Edge Mobile, a new app which says “boosts power,
performance and speed to benefit active traders.” The app is an addition to the
broker’s existing platforms: Edge Web, Edge Desktop and QuestMobile.
Speaking on the launch of the
app, Edward Kholodenko, Questrade’s President and CEO, noted that the app is
targeted at improving its clients’ trading and investing experience.
Equiti Group Promotes Ahmad Qutaishat to Sales Vice President
Equiti Group, a provider of online trading technology and multi-asset financial products, has appointed Ahmad Qutaishat as its new Vice President of Sales. Qutaishat, who announced his new role on LinkedIn, was previously a Senior Manager at the brokerage firm.
Robinhood Retirement Joins Forces with Capitalize to Simplify 401(k) Rollovers
Robinhood
Markets, Inc (NASDAQ:HOOD), the US commission-free trading app, has revealed a
new alliance with Capitalize, the platform for rolling over retirement accounts.
The new partnership is designed to assist customers in locating and
transferring their existing 401(k)s into Robinhood's recently launched
individual retirement accounts (IRA).
Bitget Becomes BitKeep's Top Shareholder with US$30M Investment
Bitget, a Seychelles-based cryptocurrency exchange, has emerged as the largest shareholder of the multi-chain wallet, BitKeep with its new US$30 million investment in the wallet. The investment means that BitKeep Wallet will be merged with Bitget's business domain, the exchange announced on Wednesday, noting that the deal will improve the stability and security of the former's services.
Dukascopy Reacts to the Banking Crisis
Duakascopy has changed the trading conditions of stock CFD instruments of seven banks, whose stocks have shown massive volatility recently. These banks are Credit Suisse Group, Ally Finance, Popular, Cullen/Frost Bankers, First Republic Bank, Fifth Third Bank, and Keycorp.
The Swiss broker has restricted the opening of new positions or increasing existing exposure with the eight instruments related to these banks. Further, the broker said it may close the existing positions anytime.
European Exchange Eurex to Launch Bitcoin Index Futures in April 2023
Beginning on 17 April 2023, Eurex will become the first European exchange to offer Bitcoin index futures. This novel contract was developed by the major European derivatives exchange in collaboration with Digital Asset Research (DAR), its institutional-grade digital asset data provider, and FTSE Russell, a leading global index provider.
Tools
for Brokers Presents FIX API Emulator
Tools for
Brokers (TFB), an international technology company, has introduced an upgraded
FIX API emulator technology, making the transition to a Trade Processor
liquidity bridge more accessible and less risky. This new technology helps
clients avoid the usual hassle of excessive coding and re-configuring during
the process.
ASIC has suspended the Australian financial services (AFS) license of Cartesian
Corporate Finance Limited (Cartesian) until 25 August 2023 and has canceled ACVM
Pty Ltd (ACVM) authorization for failing to meet its financial reporting
obligations.
Until 30
June 2023, ACVM has the authorization to offer financial services that are
reasonably required for or connected to the distribution and liquidation of its
assets and the closure of its scheme. In the case of Cartesian, ASIC put the
license on hold as the company has stopped operating a financial services
business. If Cartesian is unable to restart its financial services business by
the end of the suspension term, ASIC reserves the right to revoke the license.
Alpha Group Confirms 27% Revenue Jump in 2022
Alpha Group International (AIM:ALPH), previously known as Alpha FX Group, released its 2022 full-year results on Wednesday, revealing a robust revenue and net income gain compared to the previous year. The Group's earnings came in at £98.3m, increasing by 27% on a yearly basis.
Australian
Banks Asked to Disclose Involvement with Startups and Crypto Ventures
The
Australian Financial Review (AFR) reports that Australia's prudential regulator
requests the nation's banks to disclose their involvement with startups
and crypto-focused enterprises in the aftermath of Silicon Valley Bank's (SVB)
failure.
Citing
three anonymous sources, the Australian Financial Review (AFR) has reported
that the Australian Prudential Regulation Authority (APRA) had instructed banks
to submit daily reports on their cryptocurrency holdings to understand their potential weaknesses better.
Sharda Caro Del Castillo Joins Payoneer's Board
Fintech firm, Payoneer has added Sharda Caro Del Castillo to its Board as a Director, which became effective on 17 March. She brings more than 25 years of experience with a background in payments, financial services, and regulations and compliance. Meanwhile, Heather Tookes stepped down from the Board of Payoneer.
"We are thrilled to welcome Sharda Caro Del Castillo to the Payoneer Board of Directors and look forward to the deep experience she brings and the value she will add to Payoneer," the Chairman at Payoneer stated.
Advanced Markets Integrates PrimeXM's XCore
Advanced Markets has enhanced its liquidity with the addition of PrimeXM's XCore to its liquidity distribution channel. It came as an extension of the partnership between the two companies, initiated in 2020.
Crossover Markets Group, established last year by two former Jefferies executives, has launched CROSSx, an execution-only cryptocurrency Electronic Communication Network (ECN).
The launch was made after Crossover Markets received a seed investment for an undisclosed amount from a consortium of market participants, the majority of which are traditional financial services companies. The backers include major names in the forex and contracts for differences (CFDs) retail brokerage space, including Exness, Pepperstone, Think Markets, and TMGM.
US law enforcement extradited OneCoin's Legal and Compliance Head, Irina Dilkinska, from Bulgaria on Monday and charged her with conspiracy to commit wire fraud and money laundering. Both the charges individually carry a maximum prison sentence of 20 years.
SEC Flags IG's DailyFX as an "Unregistered Soliciting Entity"
The United States SEC says DailyFX, an IG Group-owned trading news portal, is not allowed to solicit investments from investors. While the US is the site's top source of traffic according to Similarweb, IG Group clarified that it is designated to European and Asian traders.
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
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🌟 Explore cutting-edge solutions and connect with fintech leaders at FMLS:24!
🤝 Meet industry leaders at the premier event for brokers – FMLS:24. Secure your spot today!
🤝 Meet industry leaders at the premier event for brokers – FMLS:24. Secure your spot today!