Tag: forex-news

SC Ventures, the ventures and innovation arm of Standard Chartered, and Northern Trust, a leading asset servicing provider, announced today that Zodia Custody is now registered with the Financial Conduct Authority (FCA). The registration means that Zodia Custody is now providing commercial services to clients as a cryptoasset business. Zodia Custody, an institutional grade cryptoasset…

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Credit Suisse Group AG today published the report based on the independent external investigation into Archegos Capital Management, which was commissioned by the Board of Directors and supervised by a special committee of the Board. Over the past months, at the direction of the Board of Directors, Paul, Weiss, Rifkind, Wharton & Garrison LLP and…

Read More “Investigation into Archegos finds risk management failure at Credit Suisse” »

CLS, a financial market infrastructure delivering settlement, processing and data solutions across the global FX ecosystem, and IHS Markit, a world leader in critical information, analytics and solutions, today announced that HSBC has joined the cross-currency swaps service. There are now nine settlement members live on the service, including some of the world’s largest banks….

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The Cyprus Securities and Exchange Commission (CySEC) today announces that the suspension of the authorisation of the Cyprus Investment Firm Depaho Ltd, parent of FXGM, is extended and the company is allowed a two-month period to proceed with the necessary actions in order to comply with the relevant provisions of The Investment Services and Activities…

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CME Group Inc. (NASDAQ:CME) today reported financial results for the second quarter of 2021. The company reported revenue of $1.2 billion and operating income of $675 million for the second quarter of 2021. Net income was $510 million and diluted earnings per share were $1.42. This compares with net income of $503.3 million registered in…

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The United States Securities and Exchange Commission (SEC) today filed a complaint against Joshua Louis Rupp, charging him with securities fraud. The complaint, submitted at the Michigan Western District Court, alleges that, from January 2018 through July 2019, Rupp engaged in a fraudulent investment scheme that included misstatements, false documents and misappropriation of investor funds….

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FNG Exclusive… FNG has learned that UAE based Retail FX and CFDs broker ADSS (formerly known as ADS Securities) has lost two of its most senior executives. Paul Webb (pictured above), CEO of the company’s London based, FCA regulated operation ADSS UK (or more formally ADS Securities London Limited) since 2016 has departed his role…

Read More “Exclusive: ADSS sees departure of UK CEO Paul Webb, CFO Trevor Beagrie” »

Eurex and Capitalab have become the pioneers in Europe to execute compression in equity index derivatives. The successful production run was completed on July 20, 2021, Eurex said today. Eurex is the first European exchange to support compression services in its listed equity index business, addressing the industry-wide challenge of high cost of underlying capital…

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Sérgio Rial, CEO of Santander Brazil and regional head of South America for the Santander Group, will become chairman of Santander Brazil’s board of directors, beginning January 1, 2022. Following nearly seven years as CEO of the Brazilian subsidiary, Rial is to step down from his executive role and will be succeeded by Brazilian Mario…

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Broadridge Financial Solutions, Inc (NYSE:BR) today announced it will work with Snowflake, the Data Cloud company, to enable clients to seamlessly consolidate and analyze trading and portfolio data in the cloud. Snowflake’s integrated data platform provides customers with data storage, processing and analytics solutions in the cloud. Enhancing Broadridge’s trading and portfolio management solution with…

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