Brokerage ActivTrades said Thursday that it has obtained a new regulatory licence from the Financial Services Commission (FSC) in Mauritius, bolstering its capacity to serve international clients. The latest move is said to align with the firm’s ongoing expansion strategy and further enhance its position in key global markets. The Mauritius licence is the fifth…
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In his new position, Phil will be responsible for achieving ACY Connect's sales growth objectives by cultivating new institutional client relationships throughout the region. His focus will include researching, identifying, and creating sales opportunities in the global market. Phil will report directly to the CEO and collaborate closely with all facets of ACY Connect to…
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The financial markets infrastructure firm confirmed that Sibbern, who presently serves as Global Head of Exchanges at SIX, will succeed Jos Dijsselhof, who is stepping down after seven years at the helm to pursue a new opportunity in the Middle East. Sibbern joined SIX in early 2024. He already has a distinguished career spanning over…
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The Chicago-based brokerage, a FINRA member since 2016, was also censured as part of the settlement. Between July 2021 and July 2023, FINRA said Tastytrade failed to establish and maintain a supervisory system in compliance. They added that the firm’s written supervisory procedures (WSPs) were said to have been inadequate, lacking clear processes for reviewing…
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It was explained in the Clearstream press release that through Clearstream’s Fund Centre platform, UBS aims to streamline processes, reduce costs linked to trailer fee collection, and optimise contract management. The move reflects the European fund distribution platform's growing reputation in the market, as its Fund Centre platform continues to expand Assets under Distribution (AuD)…
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Redefining Trading Through Innovation Tactical Indices are designed to automatically execute pre-defined rules based on technical indicators. This allows traders to potentially capitalise on momentum, trend reversals, and other market dynamics without the need to constantly rebalance positions and incur the associated costs. Deriv’s initial Tactical Indices release features four distinct strategies based on the…
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The violations, which spanned several years, are said to have highlighted lapses in advertising practices, supervision, and privacy compliance. According to FINRA’s findings, retail trading platform Moomoo Financial paid social media influencers to promote its services but failed to ensure these promotions were "fair and balanced." FINRA said some influencer posts made misleading claims about…
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The move is designed to free up capital for increased investment in its affluent franchise, a key growth driver for the bank. The bank announced it is exploring the potential sale of its WRB businesses in Botswana, Uganda, and Zambia. The strategic decision aligns with its broader goal of accelerating income growth and returns, as outlined…
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The company said the licence approval is set to bolster its capacity to facilitate larger capital raises and broaden its investment offerings. The newly gained licence enables NSI to specialise in private placements of securities and referral business. It is designed to assist companies raising equity capital under Regulation A (Reg A) and Regulation D…
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The regulator said that between June 2020 and February 2022, Travis Klein, a trader at the bank, was able to record and conceal these fraudulent trades to mask his mounting losses. Despite previous warnings about weaknesses in its systems, Macquarie Bank failed to implement effective measures to prevent such misconduct, according to the FCA. “Despite…
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