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CySEC Halts FXOpen EU Sole Shareholder's Voting Rights, Allows Six Months to Restructure
- The regulator mentioned that Aliaksandr Klimenka’s influence as the firm's sole indirect shareholder could potentially undermine its ability to manage itself prudently.
- The six-month grace period is intended to allow FXOpen EU Ltd sufficient time to restructure its governance.
Tuesday, 29/10/2024 | 15:03 GMT by
Jared Kirui
Hargreaves Lansdown Adds £1.5B in Market Gains Ahead of Takeover
- According to the trading update, the revenue rose to £196.5M, with 18,000 new clients added.
- The investment platform's AUA reached £157.3B as it awaits acquisition completion in early 2025.
Tuesday, 29/10/2024 | 07:52 GMT by
Damian Chmiel
Forex Firms Hit With CFTC Fraud Charges Over $7.6M Pool
- US regulator alleges FX trading companies and founder conducted fraud scheme targeting 40 investors.
- Defendants reportedly operated unregistered commodity pools and misappropriated investor funds in a Ponzi-style scheme.
Tuesday, 29/10/2024 | 07:01 GMT by
Damian Chmiel
StoneX Expands Operations in India, Joins International Bullion Exchange
- The company established offices in Bangalore and Pune to tap into India’s financial services sector.
- StoneX is also focussing on facilitating the trading of precious metals in the region.
Monday, 28/10/2024 | 18:39 GMT by
Jared Kirui
These 9 Trading Platforms Could Put Your Money at Risk
- Spain's market regulator has identified unauthorized investment firms operating without proper registration.
- The warning is part of CNMV's ongoing efforts to protect investors from unregulated financial service providers.
Monday, 28/10/2024 | 09:48 GMT by
Damian Chmiel
Centroid Solutions' Fintech Bridge to Saudi's $69B Asset Manager Goes Live
- The company has completed integration with SNB Capital, Saudi Arabia's largest investment bank.
- The partnership opens direct access to Saudi Arabia's $2.6 trillion stock market for global brokers.
Monday, 28/10/2024 | 08:21 GMT by
Damian Chmiel
Weekly Summary: ATFX Enters Prop Trading, BRICS Explores Blockchain Payments, and More
- In other stories, FCA flagged 38 influencers, Swissquote enabled fractional share trading, and two prop firms and ThinkMarkets were added to the warning list in India.
Saturday, 26/10/2024 | 03:00 GMT by
Jared Kirui
ATFX Celebrates Grand Opening of New Office in Mexico
- The event highlighted the significance of ATFX’s continued growth in the LATAM market.
Monday, 11/11/2024 | 09:00 GMT by
FM
UP Fintech Completes American Depositary Shares Offering, Eyes Global Expansion
- The company raised funds through the sale of American Depositary Shares, priced at $6.25 per ADS.
- The proceeds from the offering will reportedly be used to strengthen UP Fintech's capital reserves and support business development initiatives.
Thursday, 24/10/2024 | 21:46 GMT by
Jared Kirui
Prop Firm TradersYard Shifts Focus from Social Network to Trading Challenges
- The firm believes that this new focus will simplify operations and align more closely with its expertise.
- TradersYard also plans to repurpose existing work from the social network.
Thursday, 24/10/2024 | 16:12 GMT by
Jared Kirui
Exclusive: Daman Markets Partners with Dubai Racing Club as Official Event Sponsor
- The contract signing as the Official Event Partner during the 2024–25 racing season took place at Meydan Racecourse.
- The sponsorship may enable horse tokenization, combining horse racing with new investment opportunities.
Thursday, 24/10/2024 | 10:42 GMT by
Tareq Sikder
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