Its reports indicated a 19% increase in year-over-year (YoY) client accounts, which came in at 2.33m. Despite only boasting a 2% rise compared to the month-over-month (MoM) picture, the broker’s YoY increases are notable. Its Daily Average Revenue Trades (DARTs) increased by 9% to 1.991m. Cleared DARTs per account came in at a 193 annualised…
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Robots in the fintech industry The fintech industry, as its terminology betrays, is of course known for embracing new technology and artificial intelligence. AI and robotics have been evolving year after year and are now enabling fintech companies to provide services that once could only be carried out by teams of individuals, increasing their competitive…
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Binary options technology and brokerage company TechFinancials Inc (LON:TECH) has announced that it has entered into legally binding, conditional Share Purchase Agreement (SPA) with the Cyprus incorporated company Proverial Ltd. The SPA is conditional inter alia on the consent of the SFSA which is to be received by no later than 30 June 2019. TechFinancials has informed that…
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If you are looking for the story: "Rob Coole talks about the IPC Connexus platform" click here The mid 2017 sale of once-leading Binary Options broker anyoption to Invest.com has led to a pair of lawsuits being filed in both Cyprus and Israel, with competing claims of fraud being bandied about by both anyoption's…
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Binary options turned blockchain technology company TechFinancials Inc (LON:TECH) has announced that it will receive in early December an $867,000 dividend payout from its 51% owned joined venture company DragonFinancials. DragonFinancials operates binary options broker websites in China and the Far East, one of the few regions where binary options are still being offered to…
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Binary options platform and broker turned Blockchain company TechFinancials Inc (LON:TECH) has announced its financial results for the first half of 2018, indicating (not too surprisingly) that Revenues were down by 46% from 1H-2017, to $3.78 million. TechFinancials earlier this year shut down its OptionFair binary options brokerage brand, gave up its CySEC license, and shuttered…
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Binary options platform and broker turned Blockchain company TechFinancials Inc (LON:TECH) has announced that it has applied for admission of its entire issued share capital of 84,980,979 fully paid ordinary shares to trading on the NEX Exchange Growth Market. Admission is expected to take place on or around August 8, 2018. The company said that it…
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The U.S. Commodity Futures Trading Commission (CFTC) has announced that on July 5, 2018, Senior Judge Royce C. Lamberth of the U.S. District Court for the District of Columbia issued an Opinion and Order against defendants Intrade The Prediction Market Limited and Trade Exchange Network Limited (TEN), Irish companies based in Dublin, Ireland, requiring them to pay, jointly and…
Read moreBinary options brokerage and blockchain technology company TechFinancials Inc (LON:TECH) has released its financial figures for 2017, which not surprisingly saw a 37% decrease in Revenues, $13.4 million versus $21.3 million in 2016. EBITDA fell from $5.6 million in 2016 to $2.9 million in 2017. And, the company indicated that it is expected that revenues…
Read moreBinary options brokerage and blockchain technology company TechFinancials Inc (LON:TECH) has announced it that has issued 12.4 million to its joint venture partners in its China binary options business, DragonFinancials. DragonFinancials has been the main revenue generator for TechFinancials for the past year-plus, with the company shutting down its own OptionFair binary options brand and starting…
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