The company’s CEO, Lord Peter Cruddas, clarified recent reports about a write-off of the initial investment in StrikeX. Cruddas stressed that the write-off was merely an accounting decision and did not reflect a change in CMC Markets' belief in StrikeX's potential or their strategic partnership. CMC said the change does not reflect our belief in…
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The financial services firm said in a press release that the new capability, which complements its existing 24-hour futures trading, provides increased flexibility and access to US markets for investors. By enabling 24-hour equity trading, Wedbush said it “empowers investors” to capitalise on market movements during off-peak hours, particularly benefiting investors in Asia and other…
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The company revealed that in his new role, Chow will be responsible for driving HKEX’s sustainability strategy, ensuring ESG considerations are integrated into all aspects of the company’s operations. He will also continue to lead the Group’s legal and secretarial services functions as Group General Counsel. Chow joined HKEX in April 2021 as Group General…
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Gensler, who has led the SEC since April 2021, departs after a tenure marked by various reforms and enforcement actions aimed at safeguarding investors and enhancing efficiency. Appointed by President Biden in the aftermath of the GameStop market volatility, Gensler has spearheaded several regulatory updates. His leadership brought reforms to the $28 trillion U.S. Treasury…
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The financial services firm reported a pre-tax profit of £49.6 million, a stark contrast to the £2 million loss recorded in the same period last year. The company said this was due to the combination of robust net operating income and disciplined cost management. Net operating income surged 45% to £177.4 million, which the company…
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The fintech firm said the advancements are designed to revolutionise global trading operations for structured products, letting financial institutions quote hundreds of thousands of products across multiple markets and distribution channels simultaneously. "This transformative development marks a significant leap forward in simplifying and optimizing trading for structured products," commented Konstantin Romanov, Global Head of Principal…
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The company announced its launch in New York on Tuesday, making its services available to eligible investors in all 50 states. This development was confirmed by a tweet from the New York Stock Exchange (NYSE) on Wednesday, highlighting the importance of eToro's entry into the state. “Major news from @eToro — the world’s largest social…
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The global financial services network reported on Tuesday that in the fourth quarter, it saw a strong performance across its operating segments and products, despite relatively low market volatility. The company's fourth-quarter net income surged 51% to $76.7 million, with diluted earnings per share (EPS) of $2.32 and a return on equity of 18.5%. Quarterly…
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The accounts offer favourable tax exemptions, making them an attractive savings vehicle for eligible French individuals. Interactive Brokers explained in its press release that PEA accounts through Interactive Brokers enable French tax-resident clients to build portfolios while benefiting from a preferential tax structure and low costs. The broker's clients can choose from various French and…
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Online brokerage Robinhood Markets revealed Tuesday that it has entered into an agreement to acquire TradePMR, a custodial and portfolio management platform for Registered Investment Advisors (RIAs). The deal, valued at approximately $300 million, is expected to close in the first half of 2025. TradePMR, with over 25 years of experience and $40 billion in…
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