Tillbrook, who has been at the helm of the financial services firm for 15 years and will continue to provide strategic advice to the company on an ongoing basis, has also committed to retaining a significant shareholding of no less than 10% in the company for at least three years. He will be succeeded by…
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Quiroga Gomez has been with Finalto for over three years, previously serving as the Global Head of Client Services at the company’s London office. Quiroga Gomez has extensive experience in the financial services industry, holding various positions both at Finalto and other leading firms in the sector. Prior to joining Finalto, Quiroga Gomez worked at…
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The settlement brings to an end one of two cases before the Cologne Higher Regional Court. The settlement will see an additional payment of EUR 36.50 per share, including interest, on the original offer price. Effecten-Spiegel AG played a key role as the main plaintiff in the case, having pursued legal action since Deutsche Bank's…
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The company explained that the collaboration will enable eToro users to trade over 290 additional German-listed stocks, providing them with access to a wider range of assets. One of the benefits of the partnership is said to be the enhanced pricing data that will be available to eToro's German users, which the company says…
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Fintech Hub is a marketplace that provides Fiserv clients "rapid access to top fintech solutions, helping them attract new customers, boost efficiency, and increase competitiveness." It is said the partnership will streamline fintech integrations for financial institutions, accelerating their time to market and enhancing their ability to offer innovative services. As a pre-integrated app on…
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The settlement, announced by Attorney General Rob Bonta, is the first public action by the California Department of Justice (DOJ) against a cryptocurrency company. The investigation revealed that during the period, Robinhood (Specifically Robinhood Crypto, LLC) prevented customers from withdrawing their cryptocurrency, forcing them to sell their assets back to the platform to exit trades. The…
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At 31.7 million contracts, ADV jumped 31% compared to August 2023, driven by significant increases across all six of its asset classes. Interest rates led the charge, reaching a record ADV of 18.3 million contracts. The U.S. Treasury complex also saw record-breaking activity, with an ADV of 11.5 million contracts. This included record volume for…
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Firstly, the company revealed that Kristof Macours has been appointed as Group General Counsel and Division Head of Legal and Corporate Secretariat. Macours brings a wealth of legal experience to the role, having previously served as Group Company Secretary at Euroclear and held senior legal positions at BNP Paribas. In addition to his new responsibilities,…
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The company revealed that revenue surged by 16% to over £64 million, driven by growth in both its corporate and institutional divisions. In H1, 2023, the company reported revenue of £55 million. Despite the macroeconomic headwinds, Alpha Group's underlying profit before tax also increased, rising 14% to £22.3 million compared to £19.6 million the previous…
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The cancellation follows an ASIC investigation that uncovered "serious concerns" about FXOpen AU's ability to properly oversee its financial services and meet its licensing requirements. ASIC explains that the investigation identified shortcomings in FXOpen AU's human resources, specifically its lack of qualified personnel to deliver financial services and maintain adequate supervisory arrangements. In addition, ASIC…
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