Beeks Financial Cloud Group Plc (LON:BKS), a cloud computing and connectivity provider for financial markets, today announces that it has acquired new premises for the company headquarters. Beeks headquarters will move from the existing leased office of the Lumina Building to the nearby Riverside Building in Riverside Business Park, King’s Inch Road, Braehead PA4 8YU…
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FNG Exclusive… FNG has learned via regulatory filings that TF Global Markets (UK) Limited, the FCA-regulated arm of Australia-UK Retail FX broker ThinkMarkets, saw a double digit percent rise in Revenues for the second consecutive year. After a 20% increase in 2019, Revenues at ThinkMarkets UK were up 13% in 2020, at £4.4 million. Profits,…
Read More “Exclusive: ThinkMarkets UK revenue up 13% in 2020, but client assets decline” »
IG Prime, the institutional prime brokerage service arm of leading London based online broker IG (LON:IGG), and FX broker tech provider Centroid Solutions have announced a strategic collaboration which the parties said will allow a wide scope of brokers to benefit from enhanced connectivity and liquidity services. Due to its strong relationships with global tier…
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The UK Financial Conduct Authority (FCA) today sent a “Dear CEO” letter to firms engaged in trade finance activity. The regulator notes that, during the past 18 months there have been several high-profile failures of commodity and trade finance firms with significant financial loss. There are inherent risks within trade finance activity, given that it…
Read More “FCA outlines its expectations of firms undertaking trade finance activity” »
Marqeta (NASDAQ:MQ), the global modern card issuing platform, today announced a continued partnership with Zip Co. in Australia, completing the first year of powering the global Buy Now Pay Later (BNPL) company which provides fast and seamless solutions that simplify how people pay, everywhere. Marqeta’s modern card issuing platform is built with open APIs and…
Multi-bank FX marketplace operator MillTechFX has announced that it has appointed Vikram Gandhi, professor at Harvard Business School, as a member of its international advisory board. Professor Gandhi has also become an investor in MillTechFX. MillTechFX harnesses the purchasing power of Millennium Global, which has 25 years of FX expertise, USD $600 billion in annual…
Read More “HBS prof Vikram Gandhi invests in Ronald Cohen’s MillTechFX” »
London and Cyprus based Retail FX and CFDs broker Capital.com has announced that it has received a license to operate in Australia, and has opened an office in Melbourne. The platform will operate with an Australian Financial Services (AFS) license, granted by the Australian Securities and Investments Commission (ASIC). Capital.com currently has entities that are…
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As the DAX index is set for some reforms later this month, clients of online trading major IG are poised to see only a marginal change. According to a post by the IG Community team, in line with the pending changes to the index, on the IG platform, the Germany 30 will be renamed the…
Read More “Little change for IG clients as DAX gets reformed” »
Online trading major Interactive Brokers is expanding its offering of trading instruments. Now, clients of the broker can trade popular cryptocurriencies like BTC (Bitcoin), ETH (Ethereum), LTC (Litecoin), and BCH (Bitcoin Cash) from the TWS platform or via the IBKR mobile app. Cryptocurrency trading is made available via Paxos Trust. This feature is currently in…
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The UK Financial Conduct Authority (FCA) today published a Consultation Paper outlining proposed additional changes to its Handbook related to the new cancellation and variation power. To reduce the risk of harm to consumers, only firms that continue to carry on FCA-regulated activities should generally remain FCA-authorised and appear as so authorised on its public Financial…
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