Markets

FTMO, a leading prop trading brand set to launch a brokerage, reported a turnover of nearly CZK 5 billion (over $213 million) in 2023, up 20% from the previous year’s CZK 4 billion (about $170 million). The company's EBITDA also...

Wells Fargo has hired a new technology leader and moved current Chief Information Officer Tracy Kerrins to a newly formed Generative AI team. The bank has appointed Bridget Engle from BNY and put her in charge of all technology within...

A report has revealed that India's small banks have been hit by a ransomware attack, making nearly 300 lenders go offline. The attack targeted C-Edge Technologies, a main provider of banking technology. This event has cut these banks off from...

Primary Portal, a website that brings together and converts equity market activities into digital format, has successfully wrapped up the first phase of its £7.5m Series A funding. The funding round was led by DB1 Ventures, the investment branch of...

Terra Blockchain recently halted its activities for a short time before starting up again, after a $4 million breach.  This sudden interruption was due to a reentrancy attack that took advantage of a known vulnerability. This led to the theft...

Bitcoin miner Argo Blockchain, appearing on the Wall Street of London stock exchange, has made known to the public a secret placement alliance with an organizational investor worth £6.5 million. This Agreement is all about the disbursing of 57,800,000 ordinary...

The Hong Kong Securities and Futures Commission has issued a Type 3 license to ATFX, a renowned brand that offers forex and contracts for differences (CFDs) services. According to the update, ATFX has now strengthened its presence in Asia. By...

Santander plans to polish its credentials with Gen Z by searching TikTok for talent to assemble an international online music band. The bank has introduced an international competition 'Louder Together' to look for five skilled musicians from Uruguay, Portugal, Mexico,...

The Bank of England has outlined its strategy for innovation in retail payments, focusing on direct bank-to-bank transfers. It pointed out the necessity for UK payment systems to be compatible with similar systems abroad. This was detailed in a recent...

Cryptocurrency exchange OKX has announced the launch of pre-market futures. The new features enable users to trade futures contracts with double leverage for new tokens before being offered to the public. The crypto exchange stated that the new feature will...

The Financial Conduct Authority (FCA) has started a review to improve its rules that govern financial services. The authority aims to reduce the regulatory burdens on businesses. It took this step after unveiling the Consumer Duty. This rule ensures businesses...

Leverate is a top technology provider for proprietary trading firms and forex traders. The company announced that it is working with Cricpayz, an India-based financial service company to broaden its reach in the Asian market. The two companies want to...

Equiti Group has appointed Karen Tatyan as Head of the Database. Tatyan has been with the group for over six years, initially joining as a warehouse/business intelligence/database engineer. Tatyan has also held other positions at Equiti, including Data Architect and...

The cryptocurrency exchange OKX has launched pre-market futures, which allow users to trade futures contracts with two-times leverage for upcoming tokens before they are sold to the public. Participating in Upcoming Token Launches According to the company's announcement, the new...

Aveni has announced that it has secured £11 million in a Series A financing round to introduce AI to financial services. The investment round was spearheaded by Puma Private Equity with involvement from Nationwide, Lloyds Banking Group, and current investors...