Markets

The Singapore Exchange (SGX) recently shared a report that shows that its foreign exchange futures trading reached top levels in August. The platform said higher changes in the market and more risk-managing activities led to the biggest trading volumes it...

Rockfort Markets Limited’s right to issue derivatives has been canceled by New Zealand’s Financial Markets Authority (FMA) after its appeal was turned down by the High Court. The license is invalid beginning on July 19, 2024, after five years of...

Skilling, a company in Cyprus that deals with forex and CFDs, has chosen George Kyriakoudes to be the temporary Chief Executive Officer. He was promoted from his role as Chief Financial Officer, where he worked for the last eight months....

Kompasbank has received EUR 5.5 million more in investment as investors continue to support its digital banking growth. The company said this funding reflects confidence in its potential for future success. The capital injection aims to support the development of...

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...