SIX is acquiring ULTUMUS LTD, a London-based index and ETF data specialist. The acquisition aims to enhance SIX’s data offering and to support its overall strategy to bring new data to its clients in a fast growing market, making trading in ETFs more transparent and efficient for customers. The transaction closed yesterday, 12 July 2021….
London based Prime-of-Prime brokerage IS Prime has announced that it has created a new spread index swap offering, allowing clients of the ISAM Capital Markets Group to trade indices and oil with variable spreads. The company said that this latest development provides clients with even more competitive pricing and more accurately reflects the market conditions…
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Singapore based robo advisor solution provider Bambu has announced the acquisition of Tradesocio, a WealthTech company with 65 employees, specialising in investment management and trading technologies with offices in Singapore, India, and Dubai. The partes said that this acquisition significantly strengthens the combined business’ competitiveness globally. Bambu will have a presence in all major financial…
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Nomura Singapore Limited today announced that it has appointed Gan Chee Yen as a Non-Executive Director. From 2011 to 2019, Mr. Gan was Chief Executive Officer of Fullerton Financial Holdings, which invests in and operates financial institutions in emerging markets. Fullerton Financial is a unit of Singapore’s global investment company, Temasek, where he worked in…
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The United States Securities and Exchange Commission (SEC) has taken action against a fraudulent binary options scheme which has resulted in losses of more than $50 million. The regulator has filed a complaint against Jonathan (Yoni) Mimun (also known as Jonathan (“Yoni”) Maymon) and Ronn BenHarav, the individuals behind Porter Finance and Dalton Finance (the…
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The United States Department of Justice (DOJ) which is accusing a number of former JPMorgan precious metals traders of spoofing the market, is asking the Court to admit evidence of defendants’ compensation at trial. In a document, filed at the Illinois Northern District Court, the DOJ requests that the Court admits evidence about the compensation—consisting…
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EU licensed Retail FX and CFDs brokerage group BDSwiss has announced the inking of a new partnership with PayPugs, a premier provider of innovative, reliable, secure, and international payment services. The company said that as demand for BDSwiss’ online trading products and services continues to grow, so does the need for providing solid options for…
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Approximately nine months after the Securities and Exchange Commission (SEC) imposed a fine of $6.1 million on Unikrn, Inc for an unregistered initial coin offering (ICO), the regulator has not come up with a plan for the distribution of the money. On June 17, 2021, the Division of Enforcement was granted with additional time to…
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First Abu Dhabi Bank PJSC (FAB) and State Street Corporation (NYSE:STT) today announced a new strategic alliance that leverages FAB’s regional securities services expertise, incorporating the largest direct custody network in the Middle East and North Africa (MENA), and State Street’s global strength and capabilities. The alliance will create a full-service enterprise offering for institutional…
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The insolvency administrator of Wirecard today confirms that he has achieved further success in completing additional divestitures as part of the insolvency proceedings regarding the assets of Wirecard AG and Wirecard Sales International Holding GmbH. Specifically, this week the shares of two of four subsidiaries in the Asian-Pacific region were sold and transferred to Finch…
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