Markets

DriveWealth, a top financial technology company offering Brokerage-as-a-Service, said today that it has hired Venu Palaparthi as its Chief Operating Officer. The company noted that Palaparthi will handle its risk and compliance functions and offer strategic insights to help with...

Avaloq has effectively implemented its reliable and expandable digital asset platform at Zürcher Kantonalbank (ZKB), a leading bank in Switzerland. The firm partnered with Fireblocks for this new feature. Avaloq implemented its cloud-hosted digital asset platform and managed it using...

The Saudi Central Bank (SAMA) has announced that it has authorized “New Technology for Software Solutions” and “Seen Square Fintech” to carry out open banking activities. The bank also permitted "Money Moon" to handle peer-to-peer investment activities and all these...

Santander, the largest bank in Spain has announced that it has chosen Ignacio Juliá, an ex-Chief Executive Officer of ING for Portugal, and Spain to be the new Chief Executive Officer of its Spanish unit.  Juliá will take over from...

Tradeweb Markets has reported a positive trading volume of $50.09 trillion for August 2024. The marketplace noted that the volume, which is a 53% increase, was driven by its Bond and Mortgage trading. The platform noted that trading activities on...

Verizon has finalized plans to acquire Frontier for $20 billion, according to a recent report. The deal will be executed in an all-cash transaction as the connectivity industry looks to take another turn. The acquisition is a strong statement in...

Marios Morfakis has stepped down as the Global Head of Sales at BDSwiss. According to the announcement on his LinkedIn page, he stated that his time at the company has come to an end and he is taking up a...

Dukascopy Japan is introducing commodity CFD trading after Japan’s Ministry of Agriculture and Ministry of Economy, Trade, and Economy gave their approval. The approval means that the firm is now licensed to provide CFDs, including precious metals, gas, and oil....

The Kazakhstan branch of Binance has officially obtained approval from the Astana Financial Services Authority (AFSA), allowing it to hold a full regulatory license. The cryptocurrency exchange shared this news on Friday, marking a significant step in its operations within...

Barq, a financial services startup in Saudi Arabia, has collaborated with Mastercard. The company said the partnership will allow it to provide its customers with advanced payment options through the Mastercard Gateway. Under the new strategic deal, Barq will utilize...

Mastercard has announced the expansion of crypto payment solutions for self-custodial wallets. The new feature comes in collaboration with European crypto payments provider, Mercuryo. The partnership will introduce a euro-denominated crypto debit card that will enable users to spend and...

MarketAxess has announced a positive trading result for August 2024. The company said it saw a favorable market environment that boosted both rate trading and credit levels. The firm saw a 39.6% surge in total average daily volume (ADV), which...

Global derivatives market, CME Group will be launching options on Bloomberg’s commodity Index, according to an announcement by the firm. The options are scheduled to go live on September 23, although it needs to pass regulatory review. In line with...

MarketAxess revealed that its trading activity increased massively in August. This increase was due to a positive market environment which raised rate and credit trading volumes.  The online trading platform reported a 39.6% surge in total average daily volume (ADV),...

Reviews-focused platform, Trustpilot has taken down the ‘Trustscore’ of cryptocurrency exchange, Binance. The platform alleges that Binance has several fake reviews about the company. Trustpilot says it has already taken down the fake reviews. The review site also noted that...