The firm added that Haynes will assume the role of President of the Group, effective immediately. David Stevens, Aquis’ Chief Operating Officer, will take over as Chief Executive Officer, pending regulatory approval. Stevens, who joined Aquis in 2020 as Chief Revenue Officer, previously served as CEO of Global Reach Group and held senior roles at…
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The firm was also found to have lacked a proper supervisory system and failed to comply with filing requirements. Between June 2018 and December 2021, Cova is said to have recommended three private placements without verifying key details about the issuers and investment risks. As a result, FINRA determined that Cova willfully violated Regulation Best…
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SCBHK, which has actively participated in HKMA’s tokenised money projects, will contribute its bank-grade infrastructure and governance to the JV. “Stablecoins play a critical role in the overall digital asset ecosystem,” said Bill Winters, Group Chief Executive of Standard Chartered. “Standard Chartered’s bank-grade infrastructure, governance and global reach mean that we are in a good…
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The new office is expected to strengthen the company’s global reach. Doo Group added that it also reinforces its commitment to delivering high-quality financial services. Located at Apostolou Andreou 11, Agios Athanasios, the 800 sqm office occupies the top floor of a prominent building, in a sought-after area in Limassol, Cyprus. The company added that…
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According to the National Bureau of Statistics of China, the Chinese economy expanded by 5.4% year-over-year in the fourth quarter of 2024, up from 4.6% in the previous quarter and exceeding market expectations of 5.0%. This marks the strongest annual growth rate in 18 months, driven by a series of stimulus measures introduced since September…
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The gala was attended by Her Excellency the Honourable Sam Mostyn AC, Governor-General of Australia, who represents King Charles III, and Consul General Wang Yu of the People's Republic of China, highlighting the significance of the event in strengthening bilateral ties. Representing ATFX at the gala were Simon Naish, Country Head of ATFX Australia, and…
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FINRA said in its release that the fine is for publishing inaccurate trade execution reports and failing to maintain adequate supervisory procedures. New York-based GTS, which specialises in market-making and proprietary trading, also received a censure as part of the settlement. According to FINRA, between May 2019 and March 2021, GTS published 23 inaccurate monthly…
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The pan-European exchange operator’s total revenue and income rose 10.3% to €1.63 billion, supported by growth in custody and settlement (+8.7%), advanced data services (+7.5%), and listings (+5.1%). Clearing revenue also grew by 19%, while net treasury income increased by 21.8%. “In 2024, we delivered double-digit topline growth thanks to the solid performance of non-volume…
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The move is expected to enhance the decision-making capabilities of Capital.com’s 750,000 global traders, who generate $147 billion in monthly trading volume. The partnership will see Capital.com provide its clients with stock reports, equity market news, ESG metrics, and AI-driven sentiment analysis. This is to “help clients make timely and informed trading decisions,” leveraging LSEG’s…
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The company also announced a new €500 million share buyback programme and proposed an increased dividend of €4.00 per share. According to the firm’s preliminary financial results, EBITDA rose 15% to €3.40 billion, significantly surpassing the company’s original full-year guidance. Organic growth alone accounted for 8% of the revenue increase. “In 2024, we once again…
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