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Europe's Economic Crossroads: Recession Fears and S&P Global's
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Institutional FX
This UK Fintech Aims to Centralize $300 Billion FX Options Market
2024-10-22T09:13:35.264+02:00
OptAxe launches an FCA-authorized multilateral trading facility for FX options in London.
The market relies heavily on voice trading and manual processes. OpteAxe wants to change that.
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Brokers
XM and Trading.com UK Operator Increases Revenue and Reduces Net Loss in 2023
2024-09-26T09:12:04.136+02:00
Revenue grew by 40% over the year, helping to cut loss by 20%.
However, the company failed to achieve profitability for another consecutive year.
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Retail FX
Revolut Moves HQ to Heart of London's Financial District amid Big Bank Departures
2024-06-13T09:28:34.727+02:00
The UK fintech is set to move into a new base in the YY London building in Canary Wharf.
The move comes as the company expands its workforce and awaits approval for a UK banking license.
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CryptoCurrency
Binance Seeks to Throw Out Major Part of $12.8 Billion London Lawsuit
2024-06-05T18:51:42.524+02:00
A London lawsuit accuses Binance, Kraken, and others of anti-competitive behaviour in delisting BSV.
The suit, with 200,000 BSV owners, alleges delisting hindered BSV from major status, seeking damages up to 9 billion pounds.
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FinTech
London OOH Showcases Visa's Partnership to Promote MyGuava Card
2024-05-24T15:19:40.131+02:00
Guavapay and Visa team up to promote the multicurrency Card, targeting digital-savvy Gen Z.
MyGuava Business provides multicurrency accounts, POS terminals, and payment gateway options.
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FinTech
Revolut Warns London’s Fintech Hub Status at Risk amid Rising Global Competition
2024-03-06T10:59:28.406+02:00
The company's new UK boss advocates for pro-startup policies.
Investment in the UK fintech drops 63%, but Revolut considers London for IPO despite challenges.
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Retail FX
Sexism in the City: London Brokers to Face Harassment Scrutiny
2024-02-07T11:38:58.390+02:00
Finance in London is still a "boys' club."
Women who want to join are exposed to harassment.
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Institutional FX
Nearly Half of $7.5T Daily Forex Transactions Take Place in London
2024-02-06T17:24:09.593+02:00
The UK FX market turnover rose to $2.928 trillion in Oct 2023, up 3% YoY.
London remained the top FX hub despite the impact of Brexit.
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Retail FX
NFA Fines Braemar Securities $140,000 for Lapses in Recordkeeping Compliance
2023-11-15T23:45:49.984+02:00
The regulator accused the broker of improper disclosure of customers' confidential information.
The NFA has emphasized the significance of safeguarding clients' sensitive data.
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Retail FX
London's Energy Surge vs. Paris's Luxury Slump: The Battle for Europe's Financial Crown
2023-10-03T12:54:30.596+02:00
London's financial district shows signs of resurgence, closing the gap with its European rivals.
However, the City still faces challenges, including capital outflows and lagging far behind the US in market cap and IPOs.
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Institutional FX
FSCS Warns against Fraudsters Targeting LCF Victims
2023-08-30T11:11:35.518+02:00
Fraudsters are sending letters to LCF victims impersonating FSCS.
FSCS closed the LCF compensation scheme on 31 October 2022.
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FinTech
Revolut Introduces Joint Account, Group Chat to Mobile App
2023-04-12T22:47:40.561+02:00
Recently, the digital bank reported its first full-year profit.
Revolut also launched 'soft test' version of its crypto staking service.
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Executives
Two Directors Resign from Trading 212’s Boards
2023-02-02T18:51:42.562+02:00
The Directors are Rajvinder Kaur Somal and Borislav Tzonkov Nedialkov.
Nedialkov co-founded Trading 212 in 2004.
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FinTech
Revolut to Release Delayed 2021 Financial Statement Next Year
2022-12-28T14:55:47.219+02:00
Revolut confirmed the development to Finance Magnates.
The neobank recently got DASP approval from CySEC.
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Executives
CXM Prime Gains FCA License, Appoints Muinmos’ Ashraf Agha as CEO
2022-12-27T21:22:12.590+02:00
The broker also hired Peter Wilson as the Head of Compliance.
Agha brings over three decades of industry experience to the role.
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Thought Leaders
Tickmill Hosted an Exclusive Event at The Shard in London
2022-12-15T16:07:21.264+02:00
Tickmill’s professionals were also on hand to discuss the company’s product offering.
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Institutional FX
FX Trading Becomes a $7.5T ADV Market, London Losing Steam
2022-10-28T10:15:32.082+02:00
FX volatility has pushed the market demand higher.
The US and Singapore are gaining global FX market share.
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FinTech
Crypto Banking Startup BVNK Gains VASP Registration in Spain
2022-10-13T15:32:02.772+02:00
The registration comes five months after BVNK raised $40 million Series A.
BVNK sees the registration as springboard for expansion across the EU.
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Brokers
5 Event Tips for London Summit 2022
2022-09-16T11:18:20.814+02:00
Make the most out of FMLS22 this Fall!
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Institutional FX
Julio Herrera Pleads Not Guilty to Bribery Charges
2022-09-06T12:57:11.941+02:00
Herrera reportedly donated £500,000 through Britannia Financial Group.
He has denied conspiracy and bribery charges against him.
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Retail FX
Your Bourse Appoints Heads for Operations, Customer Success, and Engineering Teams
2022-08-18T16:58:24.424+02:00
The Heads are Valter Timanov, Maria Porandaikina and Sergey Rudenko, respectively.
COO Kate Rutkovskaya recently resigned from the same tech provider.
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Brokers
FMLS – Accommodation, Travel & Safety Tips
2022-08-18T16:17:49.267+02:00
It’s already time to look ahead and start making your travel and accommodation plans!
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Payments
Best Payments Networking Events in UK
2022-08-16T16:53:14.757+02:00
London has emerged as one of the best cities for payments events in recent years.
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Brokers
Why London? FMLS Readies for Historic Year
2022-08-10T09:51:54.003+02:00
FMLS22 will feature an expanded agenda, new content verticals, and more!
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Brokers
FMLS 22 to Kick Off this Fall with Larger-Than-Ever Networking Blitz
2022-08-09T15:19:07.752+02:00
Don’t miss the flagship opening party this year at the new venue in Banking Hall!
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See more
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