PVM, a broker of oil instruments and part of TP ICAP group, announces the launch of its Natural Gas & Liquefied Natural Gas (LNG) desk, led by experienced brokers Victoria Adams and Alexandra Nitka. Based in both London and Madrid, the new team of six – which includes senior broker Jatin Patel, formerly at Marex…
Hong Kong Exchanges and Clearing Limited (HKEX) announces that it has appointed Daniel Sonder as Co-Head of Emerging Business Development. Together with co-head Julien Martin, Mr Sonder will be responsible for leading and developing the Group’s emerging business opportunities in data, ESG, carbon, and digital assets. In the newly expanded joint-role, they will also have…
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Sberbank has issued a statement on the new rules for foreign currency transactions introduced by the Central Bank of Russia. Sberbank says it continues to operate normally and that it is ready to meet the cash demand of its clients and comply with the new rules on foreign currency transactions in cash. In the meantime,…
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Specialised payments platform, Paysafe Limited (NYSE:PSFE), announces the appointment of J.P. Morgan as its core banking provider. The global financial services firm’s work for Paysafe will be led from its Payments business, which combines cash management, payment solutions and merchant services for corporate clients, financial institutions and governments. The work with J.P. Morgan began with…
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International derivatives marketplace CME Group has announced first day trading volume for its newly launched 20-Year U.S. Treasury Bond futures contract, which became available for trading on Monday, March 7. In total, more than 1,300 contracts were traded by 30 participants, with open interest of 1,041 contracts, signifying strong client interest in an additional fixed…
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The UK Advertising Standards Authority (ASA) today issued a ruling against a digital poster for Ziglu, an online cryptocurrency platform. The ad was seen in September 2021. The ad had headline text that stated “Scotland, your capital is at risk” in large print. Underneath this was text that stated, “ziglu.io/capital” within an image of an…
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The Central Bank of Russia is introducing temporary rules for foreign currency operations in cash. The rules will be valid from March 9, 2022 to September 9, 2022. All funds in foreign currency accounts and deposits are safe and accounted for in the deposit currency. A client will be allowed to withdraw up to $10,000…
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During the regular meeting of the Board of Directors held following the Annual Meeting of the Shareholders of StoneX Group Inc. (NASDAQ:SNEX), owner of retail Forex brands like FOREX.com and City Index, John Radziwill was elected as Chairman of the Board of Directors. This is revealed by an SEC filing. John Radziwill was elected as…
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The following is a guest editorial courtesy of Andrew Lane, CEO of sentiment-based technology company Acuity Trading. On February 24, we woke up to news of Russia’s full-scale invasion of Ukraine. Peace talks had failed, and Russian forces were entering the southern Ukrainian city of Kherson and continuing to shell Kyiv and Kharkiv. It’s a…
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US brokerage industry regulator FINRA has announced that it has fined Deutsche Bank Securities, Inc. $2 million for failing to comply with its obligation to seek best execution for its customers’ orders. “The duty to seek best execution for customer orders is a fundamental obligation of any broker-dealer that buys or sells securities on behalf…
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