Display only crypto posts

Banyan Software, which is based in the US and focuses on acquiring, building and growing successful enterprise software businesses, has acquired FXCubic, a trading technology provider for institutional and retail brokers. The financial terms of the deal and other specifics were not disclosed.

The EMIR Refit and ESMA reporting requirements necessitate a strategic approach from brokers, involving major updates to reporting systems, data collection processes, and internal resources. We spoke with brokers and RegTech providers to learn more about the upcoming regulatory challenges.

The envisioned future market structure aims to provide direct access to regulated venues, offering 24/7 trading, lower initial margin requirements, and efficient risk management through remote custody agreements. This model is not just about addressing the current challenges but is also geared towards leveraging the best practices from the crypto markets.



Richard Teng will step into the role of CEO at Binance, succeeding Changpeng ‘CZ’ Zhao, as the crypto exchange finalizes a settlement with U.S. authorities. Teng’s promotion comes as part of a plea agreement that sees Binance admitting to various criminal charges and agreeing to a fine totaling $4.3 billion.

In the dynamic and ever-evolving landscape of financial markets, equities exhibit a nuanced and mixed performance, traversing narrow ranges. Simultaneously, the foreign exchange (FX) market experiences a temporary pause, with market participants eagerly anticipating crucial data that holds the potential to sway market sentiments.

This preview of weekly data looks at USOIL and XAUUSD where economic data coming up later this week are the main drivers in the markets for the near short term outlook.