Markets

The National Futures Association (NFA) has imposed a $350,000 penalty against GMG Brokers LTD, a London-based brokerage company. The penalty also applies to two of the broker’s employees accused of engaging in deceptive conduct and failing to adhere to high...

Equiti Group has announced it has opened a new office in Abu Dhabi. This new office will allow the company to expand its presence in the United Arab Emirates. Equiti Group obtained regulatory authority to operate in this new market...

It has been nearly four months since FTX, once a major and respected crypto exchange, filed for bankruptcy. The investigation into the matter revealed all kinds of scandals, including the mismanagement of customer funds, fraud allegations, and more. Yesterday, the...

TS Imagine, a cloud-based end-to-end trading and portfolio management software platform for the investment management industry and capital markets, recently released its key financial highlights. According to the company, there has been a significant change in demand that marked the...

The final days of February 2023 have brought a G20 meeting, leading the member nations to discuss a number of important topics, one of which ended up being the crypto industry. While many were hoping to see the member nations...

BaFin, the Federal Financial Supervisory Authority of Germany, recently fined one of the country’s publicly listed online operators. Popularly known as flatexDEGIRO Bank AG, the firm received an €1.05 million fine for breaching banking supervisory regulations, according to the regulator....

Following the start of 2023, a number of financial firms offering trading services involving different assets have reported difficulties and drops in revenue, particularly when it comes to forex trading. As of this Monday, February 27th, BGC Partners — a...

Chinese trade restrictions have targeted Australian products ranging from coal to wine for two and a half years. However, a diplomatic thaw between Canberra and Beijing is hoped to revive exports and trigger business success amid plans to rebuild ties....

The industry chief for the European Union, Thierry Breton, has said that he will not be taking sides in a clash between big tech companies and telecom operators in Europe. The two factions have been conflicted over who needs to...

Microsoft has been making big moves related to artificial intelligence (AI). The company has launched previews of two services powered by AI. The services have been created to manage telecom networks, using the same technology capability used to manage the...

Michael Klein, the new investment banking chief at Credit Suisse Group, is expected to lay out his plans for the division this coming week at a meeting in New York. During this meeting, Klein is also expected to address concerns...

Meta has announced it will release a new large language model to researchers. The model is the core software used for a new artificial intelligence system. The launch comes as tech giants compete for artificial intelligence (AI) dominance. Big tech...

The Prime Minister of Canada, Justin Trudeau, has said it was a "terrible mistake" for Google's parent company, Alphabet, to block news content in the country. The tech giant started blocking the said content as it reacted to a government...

Netflix has announced that it will slash the prices of subscription plans in some countries. The reduced prices come as the streaming giant looks for a way to maintain the growth in subscriber numbers as it faces increased competition and...

Taiwan Semiconductor Manufacturing Co (TSMC) plans to build a second chip factory in Japan. This newly constructed chip plant will manufacture five and ten nanometer chips in the second half of the current decade. TSMC to build a second chip...