Markets

The Secretary for Financial Services and the Treasury in Hong Kong, Christian Hui, has revealed that over 80 crypto companies want to expand their operations to Hong Kong. These firms are seeking the appropriate license to commence their operations in...

The Cyprus Securities and Exchange Commission has withdrawn the Investor Compensation Fund (ICF) membership from three Cyprus Investment Firms (CIFs) that are no longer operational. The CIF licenses for the three CIFs had already been withdrawn. CySEC withdraws ICF membership...

OANDA, one of the leading players in the multi-asset retail trading sector, has expanded its contracts for difference (CFDs) offerings. The brokerage company will now offer CFDs beyond European equities, with the new offerings including some of the leading stocks...

A US government official has said that the deposit outflows leaving most regional banks over the past two weeks have since slowed down. A large number of deposit outflows was witnessed after the collapse of Silicon Valley Bank, which raised...

The chairman of UBS, Colm Kelleher, has announced that the bank will be acquiring its rival, Credit Suisse. The acquisition deal was brokered by Swiss authorities, and it was announced on Sunday. This deal aims to boost confidence in the...

Hedge fund managers and large investors are yet to be spooked by the current conditions in the global financial sector. The past two weeks have seen two of the largest banks in the United States collapsing and banking giant Credit...

Credit Suisse is facing a crucial weekend as the lender's future hangs in the balance. This weekend, the Chief Financial Officer at Credit Suisse, Dixit Joshi, and his teams will hold talks to assess several strategic decisions for the bank....

One Global Market Limited closed the financial year ending on September 30, 2022, with a 15.5% revenue drop. The company’s revenues during the period came in at £252,667. OGM reports a 15.5% drop in revenues for FY22 One Global Market...

Pepperstone, a retail brokerage firm based in Australia, has partnered with Geelong Cats. The latter is one of Australia's leading football teams competing in the country's top league. The partnership will see Pepperstone expanding its sponsorship presence in the sports...

Robinhood, one of the most used trading platforms by retail traders, is finding itself in the mid of a controversy again after traders complained of challenges in withdrawing the profits from trading against Silicon Valley Bank and Signature Bank. The...

Six of the largest investment firms globally have recorded $52.55 billion year-to-date capital outflows as of March 16, 2023. Four of the six firms are located in the United States, accounting for 80% of the total outflows. Large investment firms...

The collapse of Silicon Valley Bank, Silvergate Bank, and Signature Bank last week raised questions about the strength of the US banking system. While the closure of the two lenders spiked volatility in bank stocks, it also triggered uncertainty in...

Recently, there has been a lot of activity in the car industry, as the new rules regarding emissions are expected to arrive, which caused many major players to reconsider their paths and take interesting moves. For example, SAIC Volkswagen Automotive...

Noor Capital, a forex and contract for difference (CFD) brokerage company based in Dubai, has announced the acquisition of House of Borse. Noor Capital has "directly or indirectly" acquired at least 75% of the shareholding of the House of Borse....

There was increased volatility in the retail market on Monday because of the effects triggered by the closure of Silicon Valley Bank last week. On Monday, retail trading volumes for securitized derivatives nearly doubled against the daily average despite uncertainty...