Binance has faced an intense scrutiny and regulatory backlash recently. In June, the FCA banned Binance from undertaking any regulated activity in the UK, following a warning placed by the Japanese regulator, the FSA. However, this did not happen in Australia. The move follows the recent warning the Australian regulator issued against trading crypto through…
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Adam Smith, CEO of Saxo Capital Markets Australia commented: The retail investment market is booming locally – Saxo Markets Australia’s trading client base increased by 56% in 2020 and our new client base increased by 114%. Smith added: We’ve also seen a spike in investors looking to trade international stocks, given that markets like the…
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Yan Gloukhovski, Founder of Flowlinx, commented: We are proud to work with First Sentier Investors, a highly regarded specialists in emerging markets equities and are delighted to be part of the FlexTRADER EMS. It’s been a pleasure working with the FlexTrade team, who are so open to innovative third-party solutions benefiting their clients. Our data…
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The increase in revenue hasn’t equated to a rise in profits, though. This is due to the SGX increasing its operating expenses. Expenses have increased by around 8%, taking them from $397 million in 2020 to $430.7 million in 2021. This has caused the EBITDA to fall by 5% and the operating profit to fall…
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This means the pre-tax profit for the first half of 2021 has already eclipsed what HSBC brought in for the whole of 2020. With total pre-tax profit of $8.777 billion for 2020, HSBC feels that it is in a promising position moving towards the second half of 2021. The Group Chief Executive of HSBC, Noel…
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Despite the fall in revenue, Nomura did have some positive showings on its balance sheet. Overall pre-tax expenses for the Q1 2021 period fell from the same period in 2020. There was a fall of 1.5%, which took expenses down to ¥274.7 billion from ¥278.9 billion in 2020. The drop in expenses was not quite…
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Monex has passed this financial improvement onto shareholders. The basic earnings per share increased by more than 400% in the same period as the previous year. Shareholders have seen a rise from ¥5.57 per share in 2020 compared to ¥28.18 in 2021. Crypto has helped to drive this increase in revenue and profits. The figures…
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Manish Kedia, designated Chief Executive Officer, MaxxTrader, said: We share SGX’s FX vision to offer buy-side and sell-side clients a wide range of FX products and liquidity across OTC and futures globally. With SGX’s strong focus and investments in FX, we expect to accelerate innovation and deliver exciting new solutions for both our clients and…
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Isabelle Girolami, CEO, LCH Ltd, said: I am delighted to welcome Rohit to LCH to lead our team in Asia. Rohit has extensive experience of the derivatives markets in Asia and across the world. Asia Pacific is a region of strategic growth and importance for LCH and I look forward to working with him and…
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Other issues surrounding Trade Wind included the failure to provide audited accounts for both 2019 and 2020. There was also a change in the key people within the AFSL for the company, and Trade Wind didn’t notify ASIC when doing so. This has led to trading licenses for both Bevan and Trade Wind Financial Services…
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