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INFINOX Capital Reports £896K Net Profit amid Revenue Drop in 2024
- The company’s gross profit rose to £3.31 million, driven by a reduction in the cost of sales.
- The firm’s profit before tax reached £900K, aided by cost-cutting measures and £15.5K in interest receivables.
Tuesday, 05/11/2024 | 10:26 GMT by
Tareq Sikder
MAP FinTech Integrates Regulatory Solutions with Your Bourse for Brokers
- Brokers gain regulatory and trading support, including risk management, data insights, and tailored APIs.
- Recently, Tools for Brokers integrated MAP FinTech’s reporting solution to enhance its regtech offerings.
Tuesday, 05/11/2024 | 09:44 GMT by
Tareq Sikder
Dukascopy Money Market Products Offer Competitive Rates for USD, GBP, and EUR
- The firm launches products with rates up to 5.7% for USD, 5.45% for GBP, and 4.03% for EUR.
- Certain clients receive up to 50% off maintenance fees on new money market investments.
Friday, 01/11/2024 | 17:47 GMT by
Tareq Sikder
Financial Commission Drops DeltaFX from Membership over “Rule Violations”
- The firm’s clients can no longer claim compensation through the Financial Commission.
- The Compensation Fund is available only to members' clients, based on the Committee's rulings.
Friday, 01/11/2024 | 09:22 GMT by
Tareq Sikder
CMC Markets Plans NZX Accreditation for Trading and Clearing in 2025
- The application will be submitted to NZ RegCo, which oversees compliance with NZX's market rules.
- The firm plans to replicate its Australian model in New Zealand by building a foundation for growth.
Thursday, 31/10/2024 | 14:38 GMT by
Tareq Sikder
Devexperts Adds AI Driven Support Tools to Devexa for Wealth Managers
- The updated Devexa offers performance charts, asset allocation views, and real-time tracking.
- New tools integrate with platforms like WhatsApp and Discord, giving clients access to portfolio data.
Thursday, 31/10/2024 | 10:05 GMT by
Tareq Sikder
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
39% of Retail Investment Firms Cite Excessive FCA Data Requests, Survey Shows
- Retail Banking and Digital Assets firms show the highest trust in FCA’s effectiveness at 71%.
- The survey includes responses from 25,000 firms across various financial sectors.
Wednesday, 23/10/2024 | 10:09 GMT by
Tareq Sikder
FCA Flags 38 Finfluencers amid Surge in Financial Scams Targeting Youth
- The regulator is questioning 20 finfluencers over potential illegal financial promotions.
- Two-thirds of 18- to 29-year-olds follow influencers, and most trust their financial advice.
Monday, 21/10/2024 | 23:01 GMT by
Tareq Sikder
Vantage's UK Revenue in FY24 Dips Marginally, but It Reduces Expenses
- "The increased FX market volatility over the past year has been a factor shaping our results for the year to June 2024, particularly with the exchange losses that affected our profitability," Vantage UK's CEO.
- Operating profit fell to £76K, down from £197K the previous year.
Monday, 21/10/2024 | 10:44 GMT by
Tareq Sikder
FCA Plans Temporary Permissions for BNPL Firms Ahead of New Rules
- The regulator supports the government's plan to regulate BNPL and will introduce rules after legislation is finalized.
- Firms will have time to prepare for regulations, set to take effect 12 months after the legislation passes.
Thursday, 17/10/2024 | 16:07 GMT by
Tareq Sikder
Prop Trading: Axi Select Marks One Year, Attracting over 17K Traders
- The firm offers funding of up to $1 million USD and allows traders to retain 90% profits.
- The program is available to AxiTrader clients and is not accessible to residents of AU, NZ, EU, or the UK.
Thursday, 17/10/2024 | 10:49 GMT by
Tareq Sikder
Devexperts Names Ben Hurley as New CEO, Succeeding Michael Babushkin
- Hurley joined the firm in 2022 as Country Manager in Ireland and has experience in business optimization.
- The firm facilitates investor participation through fractional stock trading and leverages mobile platforms and AI.
Tuesday, 15/10/2024 | 11:45 GMT by
Tareq Sikder
CySEC Oversees 328 Companies as AUM Hits €9.4 Billion Despite Yearly Decline
- The regulator oversees 236 Externally Managed UCIs and 69 External Fund Managers, down from 334 last year.
- Total assets under management rose 2.88% in Q2 from the previous quarter but fell 12.8% Y-o-Y.
Tuesday, 15/10/2024 | 09:59 GMT by
Tareq Sikder
Tradu Partners with Data Intellect for Platform Launch After TradingView Deal
- The collaboration aims to provide 24/7 development and support for the multi-asset trading platform.
- Recently, Tradu has partnered with TradingView to provide clients access to charting tools.
Friday, 11/10/2024 | 09:56 GMT by
Tareq Sikder
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