Market News

Freetrade, which calls itself a challenger stockbroker, has raised £30 million in debt financing led by a clutch of existing investors.

PrimeXM has reported weaker trading volumes for April 2022, in line with other institutional and retail platforms that saw the activity of their clients dropped compared to a month earlier.

Sydney-based FX and CFDs broker, ACY Securities has appointed FX industry veteran Andrew Taylor to the post of Managing Director, following a career of over 30 years in the financial industry.

Hong Kong’s securities regulator has banned a former licensed representative of China Tonghai Securities Limited from re-entering the industry for 18 months after he was convicted of conducting unauthorized trades from clients’ accounts.

Barcelona-based payment service provider PayRetailers has bolstered its commitment to Latin America with the acquisition of two online payments platforms, Chile’s Paygol and Colombia’s Pago Digital.

The proceedings going on in the case of Ido Fishman have finally come to an end after an agreement was signed by Ido Fishman, the Chief Executive Officer (CEO) and owner of iTrader. As per the settlement in the case, Ido Fishman and Gal Media have been asked to pay a fine of NIS 590,000.

TradeStation Crypto, the digital asset-focused subsidiary of Monex Group’s TradeStation Group, today announced the soft rollout of its services in Puerto Rico. Trading will launch imminently, the company indicated.

Exegy offers a range of solutions, from market data to signals and analytics, to algos and automation, and execution.

Hashdex’s WEB311 ETF replicates the “CF Web 3.0 Smart Contract Platforms Index” by CF Benchmarks and is dedicated to Smart Contract Blockchain Assets.

Nomura acknowledges that digital assets such as cryptocurrencies, security tokens, and non-fungible tokens are gaining presence as a new asset class and a new range of services is emerging as distributed ledger technology is applied to traditional finance. 

Uphold, the US-based platform offering cryptocurrency trading and debit cards, has received a regulatory go-ahead to launch its services in the UK.

Mark Foulger has left his position as Head of Sales at London-based market maker Tokkyo FX. The two-decade FX veteran, mostly spent his career in the City, is quitting after more than two years in this role to build up a new FX and crypto brokerage firm, Ellipse Trading.

Germany’s federal financial supervisory authority (BaFin) today warned cryptocurrency investors about the risks of following investment tips made on social-media platforms.

Blockchain startup Millicent today said it has secured government funding in the form of a UK Research, and Innovation (UKRI) Innovate UK Smart Award.

Amber Group will aim to make the most out of the opportunity to operate a registered CAESP as it allows the company and WhaleFin Japan to introduce regulated crypto exchange and custody services.

LiquidityBook, a provider of FIX and OMS trading solutions for both the buy and sell-side, has added James Baxter to its sales team in the firm’s New York office, reporting directly to CEO Kevin Samuel. 

Hong Kong’s banking regulator has fined 33 Financial Services Limited (33FS) HK$875,000 ($113,000) for breaches of anti-money laundering rules.

The US Securities and Exchange Commission awarded $4 million to several whistleblowers whose information resulted in enforcement actions.

Playtech, the London-listed gambling software developer, said its shareholders will convene on February 2, instead of January 12, to vote on a takeover bid from Australian gambling giant Aristocrat.