Markets

The US Consumer Financial Protection Bureau (CFPB) has proposed creating a registry that contains the terms and conditions for non-banking financial institutions. The registry that will be open to the public will target the nonbank firms that can inhibit consumer...

Apex Group has acquired Pacific Fund Systems (PFS). PFS is a fund administration software company that was founded in 1999. The company’s acquisition will help Apex Group to improve efficiency while strengthening its ability to manage the operational risk of...

FXCubic, a connectivity technology provider for the forex sector based in London, has integrated VertexFX Trader. The latter is an online multi-asset trading platform that offers hybrid solutions. FXCubic integrates VertexFX Trader FXCubic plans to benefit immensely from this integration,...

The State Attorney’s Office of Israel has requested the Jerusalem District Court to approve the extradition of six Israeli citizens to the United States. The citizens are being deported to stand trial for engaging in a binary options scheme targeting...

Binance Nordics AB, the subsidiary of Binance in Sweden, has secured registration as a virtual currency and management platform. The crypto exchange secured the license from the Swedish Financial Supervisory Authority (Swedish FSA). Binance secures its seventh license in the...

Saxo Bank made headlines in late 2022 for deciding to give up on its SPAC deal, which led many to believe that it is giving up on going public. However, the financial company now says that it is keeping all...

Yesterday, January 10th, Plus500 released a trading update for 2022, revealing some interesting details. According to the report, the group revenue jumped by around 15.7% on a YoY basis, reaching $832 million. Furthermore, the group’s EBITDA surged to $454 million,...

Saint Vincent and the Grenadines (SVG) watchdog, the Financial Services Authority (FSA) recently responded to a growing number of fraud reports by requesting that all forex brokers deliver their licenses. The licenses must be delivered by March 10th of this...

KVB Prime UK Limited has rebranded to DCFX Europe Limited. The company is rebranding its business after a turbulent period triggered by the COVID pandemic. The company’s house filing said it was now ready to continue with its operations. KVB...

The Financial Markets Authority for France (AMF) has revealed its areas of focus and the action plan for 2023. The regulator revealed the plan through a statement released on its website. AMF reveals its action plan for 2023 According to...

Nuvei, a fintech company based in Canada, has signed an agreement deal to buy Paya. Paya is an integrated payments provider based in Atlanta. Nuvei will be closing the acquisition for around $1.3 billion. Nuvei to acquire Paya for $1.3...

S&P Global, a leading analytics and credit rating provider, has announced the acquisition of ChartIQ. The latter is a charting provider in the financial industry. The acquisition deal will see ChartIQ becoming a part of the Market Intelligence division. S&P...

Fabio Panetta, a Member of the Executive Board at the European Central Bank, supports regulation that will recognize the speculative attributes of unbanked cryptocurrencies and treat these assets as gambling activities. ECB official says unbacked crypto is gambling According to...

Tradeweb Markets, an operator of electronic markets for credit, rates, equities, and money markets listed at NASDAQ, has reported a full-year average daily volume (ADV) of $1.1 trillion in 2022. This represented a 9.87% year-over-year growth. Tradeweb full-year ADV hits...

With the start of the new year, companies have started publishing their reports involving performance in 2022. Given the state of the markets and the global financial industry, the majority of firms are seeing significant drops in numerous areas. Saxo...