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CySEC Withdraws CIF License of FX/CFDs Broker, Trilt

In the latest case of license withdrawal in Cyprus, forex and CFDs brokerage firm, Trilt, has “expressly renounced” its license, causing the Cyprus Securities and Exchange Commission (CySEC) to withdraw its Cyprus Investment Firm (CIF) authorization. The Cypriot watchdog announced the withdrawal on Friday, noting that it reached the decision earlier on March 20th.Trilt Jumps on License Withdrawal Train Trilt […]

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Breaking: JPMorgan Chase Buys First Republic Bank

Before the markets opened on Monday, the California regulator seized control over the collapsed First Republic Bank and sold its assets to JPMorgan Chase. The sale prevented any further distress to the American banking industry.“The DFPI (California Department of Financial Protection and Innovation) appointed the Federal Deposit Insurance Corporation (FDIC) as receiver of First Republic Bank,” a regulatory announcement stated. […]

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TP ICAP and Liquidnet to Increase Block Liquidity in European SMEs

Liquidnet, a technology-driven agency execution specialist, announced on Wednesday that it has partnered with a brokerage company, TP ICAP Midcap, which specializes in the European Small and Mid-Caps (SMEs) sector. Due to the newest partnership, both companies want to boost the block liquidity opportunities for local SMEs using their client network, broad expertise, and technology.TP ICAP Midcap and Liquidnet Join […]

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Japan’s Monex Group Sees 474% Income Uptick in Q4

Japan’s Monex Group published its final results for the fiscal year of 2023, reporting a decrease in revenue and profitability in annual figures. In the last three months of the fiscal year, the financial services conglomerate brought in a pre-tax income of JPY 2.2 billion, which is an uptick of 474 percent. Monex’s Quarterly Numbers Increased According to the official […]

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News Nuggets | 27 April: LSEG and Deutsche Bank Results; Crypto in Hong Kong

TopFX’s Head of Marketing Resigns after Nearly Six YearsMaria Meramveliotaki, the Head of Marketing at TOPFX, has given up her role at the Cyprus-based retail and institutional brokerage firm after five years and eight months of service. Meramveliotaki, who joined TopFX as a Senior Content Writer in September 2017, announced her departure on Thursday through LinkedIn.“After five and a half […]