To implement this initiative, the FCA intends to initiate a competitive tender process to select a single provider for the CT in the bond market. This plan is a crucial component of the Edinburgh reforms and is expected to be realized through collaboration with the government by 2024. Sarah Pritchard, executive director of markets and…
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The acquisition payment will be facilitated through the issuance of an initial set of 3,938,294 ordinary shares, valued at 1 pence each, in Equals Group plc. Further sets of 61,706 shares, and potentially up to 1,000,000 shares (depending on specific conditions), will be issued over the next six months. Ian Strafford-Taylor, CEO of Equals, said:…
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Joe Li, Chairman of ATFX, commented: We are thrilled to welcome RSA into the ATFX family. This acquisition presents a significant opportunity for us to expand our presence in the Australian market and provide clients in the region with enhanced trading solutions. We are committed to investing in technology, talent, and resources to ensure that…
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As per the company's statement, Invest Easy encompasses four pre-established strategies: savings, prudent, balanced, and ambitious. The savings strategy is designed for long-term investments, while the prudent strategy emphasizes a cautious approach. On the other hand, the balanced strategy incorporates a moderate level of risk. In contrast, the ambitious strategy aims at high-risk investments, encompassing…
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The broker ended the month with client credit balance of $98.9 billion, including $3.2 billion in insured bank deposit sweeps. The client credit balance came in 7% higher than in June 2022 and about the same as the prior month. Client accounts on the platform increased 19% YoY and 1% MoM to 2.29 million in…
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USOIL, daily Oil prices are on the rise after Saudi Arabia and Russia announced supply cuts for August. Saudi Arabia extended its voluntary production cut of one million barrels per day (bpd) for another month, while Russia announced it would reduce its oil exports by 500,000 bpd in August. Both countries are trying to prop…
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FXSpotStream’s volumes saw an uptick in the first three months of 2023, and only fell in April. On yearly basis, however, last month’s ADV dropped 1.3% compared to June 2022. Last month, FXSpotStream’s overall volume stood at $1.39 trillion. The numbers rose 8.6% from the $1.28 trillion, recorded in May 2023. The broker has seen…
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Shadi Salloum, XS.com’s Regional Director (MENA) added: I am filled with anticipation as I prepare to embark on a new venture with XS.com, a dynamic and forward-thinking brokerage. As the new Regional Director for the MENA region, I am enthusiastic about contributing my knowledge and experience to propel the company's achievements in the field of…
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The company stated: IG Group Holdings plc announces that June Felix, Chief Executive Officer, is taking a short period of medical leave from the business. June Felix, who joined IG Group as a non-executive director in 2015 before becoming CEO, is renowned for expanding the company's geographic presence and diversifying its product offerings. Under her…
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Most recently, she served as Business Development Manager for MENA at ICM.com, out of Kuwait. She initially joined the company as a Business Associate in May 2018 She holds a Bachelor of Business Administration degree in Economics from Lebanese University in Beirut. XS.com has been expanding its leadership team recently. Earlier in May, the company…
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