Author: Chief Editor
ASIC revokes JB Markets’ financial services license over financial deficiencies. The regulator cites ongoing failure to meet financial requirements. The Australian Securities and Investments Commission (ASIC) has revoked JB Markets Pty Ltd’s Australian Financial Services (AFS) license, effective April 12, 2024. The move follows a suspension in November 2023 due to the company’s ongoing failure to meet financial requirements and maintain adequate resources. ASIC determined JB Markets lacked the necessary financial resources to operate under its AFS license. The regulator stated the license cancellation protects consumers and promotes confidence in the industry. JB Markets, operating under AFS license number 323182…
NAGA shareholders overwhelmingly approve merger with CAPEX.com New CEO Octavian Patrascu outlines plans for expanded market reach, enhanced NAGA SuperApp Social and copy trading-focused broker NAGA Group AG has secured shareholder approval for its acquisition by CAPEX.com. The vote during NAGA’s Extraordinary General Meeting was overwhelmingly in favor, with 99.81% support for the merger. NAGA’s new CEO, Octavian Patrascu (also CAPEX.com’s founder), unveiled a bold vision for the company. This includes a robust regulatory framework, expanded global reach, and a seamless, all-in-one SuperApp experience. Key plans focus on market expansion, app enhancements, and a unified NAGA SuperApp offering trading, investing,…
CFI adds Options trading to its platform, expanding investment opportunities for traders. Investors can now trade options on popular U.S. securities, with low fees and advanced risk management tools. Leading online trading provider CFI just made trading even more versatile. The company announced the launch of Options trading on its popular Multi-Asset platform, opening up a whole new world of possibilities for investors. Options trading can get a little complex, but in essence, it gives traders the right to buy or sell an asset (like stocks) at a set price by a specific date. It’s a powerful way to fine-tune…
Orfinex joins the Financial Commission, offering clients access to dispute mediation and potential compensation. Orfinex, the Australian-regulated forex broker, is taking client support seriously. They’ve recently joined the Financial Commission, a self-regulatory organization that helps resolve disputes in the FX industry. What does this mean for Orfinex clients? If you have a disagreement with the broker that can’t be settled directly, the Financial Commission can step in as a neutral mediator. Plus, you might be eligible for up to €20,000 in compensation if your complaint is valid. Orfinex is showing a strong commitment to customer satisfaction and playing by the…
Swissquote adds VIX volatility index options & futures to its platform, enabling traders to capitalize on market fluctuations. Clients can now trade Cboe options on major indices including the S&P 500, Dow Jones, and Nasdaq, with access to real-time prices. Swissquote, a known leader in online banking and trading, has broadened its product range to include options and futures trading on the popular VIX volatility index. This move empowers Swissquote clients to directly profit from market fluctuations. In addition to the VIX, Swissquote clients can now trade Cboe options on major indices: S&P 500 (SPX) Dow Jones (DJX) Nasdaq (NDX)…
IG Group promotes Mark Evans to Head of Corporate Development, recognizing his internal expertise. Evans brings extensive financial experience from roles at IG Group, Barclaycard, and Barclays Bank. Following the recent appointments of a new Chief Operating Officer and Chief Risk Officer, IG Group, a leading online CFD and Forex trading platform, has announced the internal promotion of Mark Evans to Head of Corporate Development. Evans brings a wealth of experience to this new role, having served IG Group for nearly nine years. He previously held the position of Head of Consumer Insight & Strategy, where he oversaw strategic planning,…
oneZero partners with New Change FX, offering clients independent FX benchmark data. Partnership emphasizes oneZero’s commitment to transparency and data quality. oneZero Financial Systems, a leading provider of trading technology solutions, is boosting its analytics capabilities. The company has integrated benchmark data feeds from New Change FX into its Data Source suite, giving clients powerful tools to improve trading performance and generate more detailed reports. New Change FX provides independent, officially regulated foreign exchange (FX) benchmarks based on data from the entire global market. This partnership gives oneZero clients access to a reliable pricing reference point that’s separate from specific…
BlockFills and Centroid Solutions partner to create a centralized crypto trading environment. The integration offers brokers and institutions streamlined tools for price management, execution, and reporting, along with BlockFills’ 24/7 liquidity access. Cryptocurrency trading is about to get a whole lot easier due to a new partnership between BlockFills and Centroid Solutions. These two companies are combining forces to tackle a persistent problem in the crypto world: liquidity fragmentation, meaning buyers and sellers can struggle to connect and trade efficiently. A centralized trading hub powered by Centroid’s Bridge platform and BlockFills’ 24/7 liquidity. Brokers and institutions will be able to…
Former Admirals CEO Launches FirstByt, a Comprehensive SaaS Platform for Brokerages and Exchanges. FirstByt platform offers modular solutions to empower brokerages across different markets. Former Admirals CEO, Victor Gherbovet, has recently unveiled a new Software as a Service (SaaS) solutions platform named FirstByt, aimed at serving Brokerages and Exchanges. With a comprehensive range of services including white label options, legal support, multi-asset liquidity, technology, payments, compliance assistance, and marketing services, FirstByt is poised to make a significant impact in the fintech industry. Based in Romania and Lithuania, FirstByt is the brainchild of Victor Gherbovet, who brings over 15 years of…
Public acquires TradeApp investment accounts from Stocktwits, expanding its user base and investing options. Stocktwits to focus on its core community offerings and real-time discussions, partnering with Public for broader brokerage services. Popular investing platform Public is making a big move, acquiring the TradeApp investment accounts from Stocktwits. This means that tens of thousands of Stocktwits users will soon join the Public community. Stocktwits, meanwhile, will refocus on its core strength – real-time discussions and community building around earnings and cryptocurrency. “We’ve been adding new features and expanding our offerings, and this move further cements Public as a top choice…