The company said the licence approval is set to bolster its capacity to facilitate larger capital raises and broaden its investment offerings. The newly gained licence enables NSI to specialise in private placements of securities and referral business. It is designed to assist companies raising equity capital under Regulation A (Reg A) and Regulation D…
Read more
The regulator said that between June 2020 and February 2022, Travis Klein, a trader at the bank, was able to record and conceal these fraudulent trades to mask his mounting losses. Despite previous warnings about weaknesses in its systems, Macquarie Bank failed to implement effective measures to prevent such misconduct, according to the FCA. “Despite…
Read more
The company said in its press release that the collaboration aims to simplify and accelerate the onboarding process for sell-side clients, reducing operational risks and costs. They explain that by integrating LTX with TransFICC's One API for eTrading platform, dealers are able to swiftly and efficiently connect to LTX's innovative RFQ+ trading protocol, with the…
Read more
This latest funding round, led by Citi and including increased participation from State Street, will fuel Capitolis' continued expansion across both its Capital Marketplace and Portfolio Optimisation divisions. The company, which says it aims to create “safer and more dynamic capital markets,” added that each bank will invest $5 million and will join the company's…
Read more
The move allows users to trade top cryptocurrencies like Bitcoin and Ethereum in HKD and USD directly within the ZA Bank app. The bank's decision to offer crypto trading services comes in response to the surging global demand for cryptocurrencies. They noted that with over 560 million users worldwide and a market capitalisation exceeding $3…
Read more
The FCA announced the decision and said it follows Barclays’ withdrawal of its referral of the case to the Upper Tribunal. “The action was based on findings which included that Barclays' conduct in its October 2008 capital raising was reckless and lacked integrity,” stated the FCA. The regulator explained that it first issued warning notices…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more