Markets

CME Group, a derivatives marketplace operator located in Chicago, has imposed a $60,000 fine against a trader known as Lei Shu. The company has also permanently suspended this trader from its trading floors. CME Bans Trader Amid Disruptive Action CME...

Admirals Group AS, the parent company for the Admirals forex and contracts-for-difference (CFD) brokerage platform, has announced plans to merge with Admirals Markets AS. The latter is the company’s subsidiary in Estonia, with the merger slated to happen during the...

Miami International Holdings (MIH), an exchange conglomerate based in the United States, has closed a $50M acquisition deal of LedgerX. LedgerX was initially owned by the FTX cryptocurrency exchange that filed for bankruptcy in November last year. Miami International Exchange...

Sony Group has said that it is currently considering the partial spinoff of its financial division. These plans came around three years after the company took control of this division. The entertainment giant is also doubling down on its entertainment...

Trade Capital UK Ltd, which operates the Trade.com brand in the United Kingdom, has reported annual revenues of £759,240 in 2022. The revenue is an annual increase of over 216% Trade Capital reports a 219% jump in revenue The revenue...

A US bankruptcy court has approved the liquidation plans of the bankrupt crypto lender, Voyager. The court has allowed the lender to end its Chapter 11 bankruptcy reorganization efforts. Voyager was among the crypto firms that filed for bankruptcy last...

Cornerstone FS Plc, one of the largest foreign exchange and payments companies, has published its financial results for the fiscal year ending December 31, 2022. The results show that the company had significant revenue growth, with the metric increasing by...

XX ZW Investment Group, a private investment company owned by Jakub Zablocki, who owns a majority 81.97% share in the firm, has sold 7 million shares at XTB. The sale happened on May 10. XTB founder sells $64M shares The...

Euronext has reported an 11.7% year-over-year drop in the revenue derived from forex trading activities during the first quarter of 2023. The pan-European stock exchange group revealed this drop on Tuesday after submitting its latest report on the financial performance....

Launchpad XYZ, a Web3 startup firm creating an all-around Web3 platform, has hit a major milestone in its presale that continues to garner much interest. The presale for the project’s native token, known as LPX, has entered the second stage...

CLSA Premium Limited, a brokerage company whose headquarters are based in Hong Kong, has announced plans to shut down its margin dealing operations. The broker has shifted its attention to focus on its new healthcare operations. CLSA ventured into the...

ThinkMarkets, a brokerage company based in Melbourne, has announced plans to go public through a merger deal with a Canadian blank-check company, FG Acquisition Corp. The merger deal has valued ThinkMarkets at $160 million on a pre-money basis. ThinkMarkets set...

Swissquote has secured a partnership deal with Stableton. Stableton is an investment company that specializes in a wide range of offerings in the private markets. This partnership is aimed at supporting the launch of a bankable active managed certificate (ACM)...

Amazon, the largest e-commerce platform globally, has announced plans to optimize its delivery network as it navigates a recovery post-pandemic. The platform plans to increase delivery speeds and minimize costs. The plan also involves lowering the carbon emissions. Amazon to...

Newcrest Mining Ltd, a gold mining company based in Australia, has said that it will support Newmont Corp in its AUD 26.2 billion takeover deal. The takeover has been labeled as one of the largest buyouts globally so far in...