FINANCE MAGNATES NEWS

The European cryptocurrency exchange One Trading (formerly known as Bitpanda Pro) has just secured strategic funding from SC Ventures, the investment arm of Standard Chartered. This coincided with the digital asset platform obtaining new crypto authorization in the Netherlands.SC Ventures Backs One Trading Following EU Crypto Derivatives ApprovalOne Trading plans to use the funds to launch the […]

The Rootstock community is set to conclude the “Rootstock World Tour,” one of its largest ecosystem campaigns, on September 30, 2024. This campaign, hosted on the Galxe platform, is bringing together partners from across the Rootstock ecosystem, offering users interactive opportunities to engage with 12 different decentralized applications (dApps) on the Rootstock blockchain.Throughout the tour, […]

Spectrum Markets reported a significant surge in after-hours trading activity for August 2024, reaching its highest level since November 2022. The pan-European trading venue for securitized derivatives saw 38.7% of trades occurring outside traditional market hours, reflecting a growing appetite among retail investors for round-the-clock market access.Spectrum Markets Sees Record After-Hours […]

INFINOX welcomes veteran Lee Holmes back into its senior management team. Having spent more than 15 years in the FX and CFD trading sector, Lee’s rejoining comes at a pivotal point as the business keeps on its path of expansion worldwide.Lee started his career with FXCM, where he laid a solid foundation in the financial markets. Later on, he was instrumental in helping VIBHS flourish; he then […]

In a surprising turn of events, Sealana ($SEAL), the Solana-based meme coin, has exploded onto the cryptocurrency scene, raising over $5 million in its ongoing presale. This unexpected success has caught the attention of both investors and crypto enthusiasts, challenging established players in the market.Sealana’s clever marketing strategy, featuring a humorous mascot inspired by popular culture, […]

The iFX EXPO Asia has made its return to Bangkok, kicking off this morning at the Centara Grand & Bangkok Convention Centre at CentralWorld, located in the heart of the vibrant city. As one of the largest B2B expos in the retail trading industry, the event spans over two days and attracts a wide range of attendees, including regulators, C-level executives, marketers, company representatives, […]

British gambling technology firm Playtech has agreed to sell its Italian business unit, Snaitech, to Flutter Entertainment, the world’s largest betting company, for EUR 2.3 billion (USD 2.56 billion).An All-Cash DealAnnounced today, the companies have agreed to an all-cash deal expected to close in the second quarter of 2025. After the sale, Playtech will retain only its business-to-business […]

The publicly-listed fintech company from London, Fintel (AIM: FNTL), announced financial results for the first half of 2024 today (Tuesday), marked by strategic acquisitions and organic growth. Despite a rebound in revenue and EBITDA, net profit fell by over 30% to £2.3 million from the £3.4 million reported the previous year.Fintel Reports Strong First Half 2024The company reported a 13% […]

The leading European derivatives exchange Euronext announced two significant developments today (Tuesday): the successful expansion of its clearing operations to all financial derivatives markets and the acquisition of research benchmarking provider Substantive Research.Euronext Expands Clearing Operations, Integrates Borsa Italiana The completion of Euronext Clearing’s expansion to derivatives […]

The Cyprus Securities and Exchange Commission (CySEC) has extended Petros Zachariades’ suspension from his ownership and management duties at Crowd Tech Ltd, which operated the forex and contracts for differences (CFDs) broker brand trade360.com.Actions against Petros ZachariadesThe announcement yesterday (Monday) detailed that Zachariades has been suspended from exercising his voting rights, […]

Multi-asset online trading platform Infinox Global has welcomed Lee Holmes back into its executive management team. Holmes, who was based in London, UK, worked with the company in the same capacity between 2022 and 2023.Previous Experience at Leading FirmsBefore rejoining Infinox, Holmes was the Head of Institutional Sales and, most recently, the Senior Manager for Liquidity Sales at Exinity. The […]

Exegy is boosting its client services with the appointment of senior executives and launching a new brand. In a move following its integration with Vela and Enyx, Exegy has brought in two industry veterans to lead its Client Success Initiative. The two new hires, Yewande Sobola and Thomas Gallo, bring a wealth of experience from the trading technology space. According to the official announcement […]

Seychelles-based prime CFD broker TopFX Global has appointed Kyriakos Karamanis as the new Director of Business Development, according to a LinkedIn update by Karamanis.Building Business RelationshipsKaramanis’ responsibilities in the new position include seeking long-term relationships with introducing brokers, forex partners, copy traders, and signal providers. He will also focus on […]

Bybit, one of the top global crypto exchanges, has obtained a provisional license from the Dubai regulator, only two years after establishing its headquarters in the Middle Eastern city. This move brings the platform closer to becoming a fully licensed Virtual Asset Service Provider (VASP) in Dubai.Strengthening Dubai PresenceAnnounced today (Monday), the provisional license is non-operational […]

In a social media post at X, the Forex Prop Firm AscendX Capital revealed it has rebranded as QuantTekel. The firm stated: “We are excited to announce that our name change is complete and migration is safely underway.”QuantTekel Expands Broker ServicesAscendX Capital, which has been operating since November 2023, has been signaling upcoming changes in recent months. The firm is transitioning […]

Plus500 (LON: PLUS), a global multi-asset fintech group operating proprietary technology-based trading platforms, today announces the launch of extended-hours trading for stock-based OTC products on its OTC trading platform. This enhancement allows Plus500’s customers to buy and sell the most popular stock-based OTC products outside the standard trading hours of major exchanges.Boosting the […]

The Fall is in full swing with industry elites, B2B specialists, marketers, and more already eying the upcoming Finance Magnates London Summit (FMLS:24). Due to popular demand, Early Bird pricing for the landmark event will be extended an additional 48 hours. Prospective participants can explore this exclusive deal and reserve their seat to one of the most anticipated summits of the year in […]

Investors who have been waiting for over six months to withdraw their funds from the prop firm The Funded Trader (TFT) will need to find additional reserves of patience. The latest information provided by the company’s CEO suggests that resolving the issue of outstanding transfers may not happen this year.First Paused Accounts Over $100K, Then Trader PayoutsOn Sunday, a new update appeared on […]

The Labuan Financial Services Authority (LFSA) is restricting locally regulated forex and contracts for differences (CFDs) brokers to offering only currency-related instruments, such as spot FX and CFDs on FX. This means these brokers will no longer be able to offer non-currency-related instruments like CFDs on shares, ETFs, and commodities.New Rules for Money BrokersThe changes come as the […]

The French online trading and listed derivatives markets are demonstrating resilience despite recent declines in active trader numbers, according to two new reports released by Investment Trends. The studies reveal evolving investor profiles and highlight opportunities for brokers in a changing landscape.The Number of FX/CFD Traders in France Drops to 2020 LevelsIn the leveraged trading space, […]