Deriv appears to be seeking a banking licence from the regulator in St Vincent and the Grenadines. According to the regulatory registry, the contracts for differences (CFD) broker established a separate entity on the island in June 2023, and its banking licence is currently “pending approval.”Deriv’s Big Plans in SVGNotably...
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The institutional division of Infinox has suspended the new institutional trading activities of numerous contracts for differences (CFD) brokers, citing suspicious and potential breaches of market conduct standards, FinanceMagnates.com learned. The liquidity provider even halted the withdrawals of at least one broker. This is an updated version of an earlier article...
Exante, which offers access to over 50 global markets, has integrated its trading platform with eflow Global’s TZTS Trade Surveillance system. Announced today (Tuesday), the integration will improve the speed at which financial institutions can implement eflow’s technology.The partnership came about a month after FinanceMagnates.com reported that scammers had cloned Exante and even duped at
Ripple has secured two more Money Transmitter Licenses (MTLs) in the United States, one from the state of New York and the other from Texas, the blockchain company announced today (Monday).Two Strategic US LicensesThe licenses in the two states were strategic, as Ripple pointed out that it saw strong demand for real-time global payments from
APM Capital Markets (operating as APM Markets), formerly the UK unit of BUX (which operated as BUX Markets), has appointed Nick Spencer-Skeen as its new Executive Director. He has been with APM’s UAE entity for the past two-and-a-half years and has now taken on the new role at the London unit.Spencer-Skeen clarified that he will
FalconX, a cryptocurrency prime brokerage firm, is in advanced talks to acquire Arbelos Markets, a crypto derivatives startup launched in 2023 by two industry veterans, Joshua Lim and Shiliang Tang, Bloomberg reported today (Wednesday).A Cash and Stock DealAlthough the financial sum of the deal is still unknown...
A new proposal, seeking to constitutionally mandate the Swiss National Bank (SNB) to hold Bitcoin on its balance sheet, was officially registered in Switzerland’s Federal Gazette on 31 December 2024.Accumulating the SignaturesGiw Zanganeh, Tether’s Vice President of Energy and Mining; Yves Bennaïm, founder and chairman of the Swiss Bitcoin nonprofit think tank 2B4CH...
Australia is considered one of the mature markets for forex and contracts for differences (CFDs); however, for CMC Markets (LON: CMCX), it turned out to be very lucrative. The London-listed broker generated more than £62.3 million in revenue from the land down under in the second half of the last fiscal year...
The Federal Deposit Insurance Corporation (FDIC) has asked cryptocurrency clients of collapsed Signature Bank to close their accounts by April 5 by finding https://www.financemagnates.com/cryptocurrency/bank-failures-leave-us-crypto-businesses-in-the-cold/" target="_blank" rel="follow noopener">another banking partner. Otherwise, the regulator will close the accounts and mail a check to the registered addresses. Signature Bank's Crypto Clients Get a Deadline The FIDC's decision on
Liquidnet, the https://www.financemagnates.com/terms/d/dark-pool/" target="_blank" id="1a4846b7-00df-4fcb-8e03-998631aa7ecb_1" class="terms__main-term" rel="noopener">dark pool operator https://www.financemagnates.com/institutional-forex/tp-icap-completes-acquisition-of-dark-pool-operator-liquidnet/" target="_blank" rel="noopener">owned by TP ICAP, announced on Monday the appointment of Nichola Hunter as the Global Head of Sales for Fixed Income. She will be based in London and report directly to Mark Russell, who is Liquidnet’s Global Head of Fixed Income.According to the company’s…