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Tag: Forex news

Blockchain and Cryptocurrency News 0

Beeks Group’s H1 Losses Deepens amid Growing Costs

<p>Beeks Financial Cloud Group (LSE: BKS) published its “unaudited results” for the first half of fiscal 2023, reporting a 35 percent <a href=”https://www.financemagnates.com/institutional-forex/beeks-financial-cloud-groups-revenues-climb-46-in-h1-fy22/” target=”_blank” rel=”follow”>yearly jump</a> in revenue to £10.4 million. However, the pre-tax losses of the company widened to £0.76 million from the previous year’s loss of £0.27 million.</p><p>Beeks Sees Losses despite Revenue Rise</p><p>The London-listed company ended the period […]

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Blockchain and Cryptocurrency News 0

eToro Launches SocialSentiment Portfolio, Offering Retail Traders Exposure to ESG Firms

<p>eToro, an Israel-based social trading network, has announced the launch of a new social sentiment portfolio dubbed SocialSentiment. The latest addition to the eToro’s product lineup offers retail investors exposure to the US-listed companies known for their solid ESG efforts. </p><p>Sentifi and eToro Join Ranks</p><p>According to Monday’s press release, the newest social sentiment portfolio was created in collaboration with Sentifi, […]

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Blockchain and Cryptocurrency News 0

Exness Eyes Latam Expansion with New Uruguay Office

<p>Retail <a href=”https://www.financemagnates.com/terms/f/forex/” class=”terms__main-term” id=”6faa6714-7f7b-4d23-b1c5-c0d40807d613″ target=”_blank”>forex</a> and contracts for differences (CFDs) broker, Exness announced the opening of its new offices in Uruguay, its first physical location in Latin America. Opened last week, the new office signifies the company’s growth ambitions in the region.</p><p>Exness Opens a New Office in Uruguay</p><p>The press release shared with Finance Magnates detailed that the new Uruguayan […]

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Blockchain and Cryptocurrency News 0

Lower Trading Bites 6% into Saxo Bank’s Profit in 2022

<p>Saxo Bank Group, a Danish investment bank specializing in <a href=”https://www.financemagnates.com/terms/o/online-trading/” class=”terms__main-term” id=”93afd583-ea4d-45cf-a1e0-8d951e5d8f48″ target=”_blank”>online trading</a> and investment, published its annual report for 2022 on Friday, reporting a 6% decline in its net profit. The figure came in at DKK 711 million compared to DKK 755 million in 2021.</p><p>The online trading platform provider’s trading-related and interest earnings during the period also […]

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Forex Trading News 0

Market Infrastructure Providers Greenlight BoE, FCA Supervision

<p>The Bank of England and the UK Financial Conduct Authority (FCA) have given an update on their joint supervision of the country’s financial market infrastructure (FMI), noting that their Memorandum of Understanding (MoU) in this regard “remain effective with appropriate coordination and no material duplication.”</p><p>The authorities stated this on Friday in <a href=”https://www.bankofengland.co.uk/news/2023/february/update-on-mou-on-the-supervision-of-market-infrastructure-and-payment-systems” target=”_blank” rel=”follow”>their update on their MoU</a> on […]

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Forex Trading News 0

FCA to Compensate 24HR Trading Academy Victims

<p>On Friday, the UK’s <a href=”https://www.financemagnates.com/terms/f/financial-conduct-authority-fca/” class=”terms__main-term” id=”4c85a54d-15e0-4e44-a214-8c55f71cb286″ target=”_blank”>Financial Conduct Authority (FCA</a>) announced that it had secured the money to pay the victims of 24HR Trading Academy Ltd, an illegal contract for difference (CFDs) signals platform run by its sole director Mohammed Maricar.</p><p>FCA Arranges Fuds for 24HR Trading Academy Victims</p><p>The British regulator detailed that it has received the payment of […]

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Forex Trading News 0

CFTC Busts $145M FX Ponzi Schemes, Charges Masterminds

<p>The US Commodity Futures Trading Commission (CFTC) has charged five individuals and three companies associated with them for three interconnected $145 million <a href=”https://www.financemagnates.com/tag/ponzi-scheme/” target=”_blank” rel=”follow”>forex trading Ponzi schemes</a>, defrauding more than a thousand investors.</p><p>CFTC Busts $145 Million Ponzi Scheme</p><p>Announced on Thursday, the lawsuit named Marcus Brisco and his two companies, Yas Castellum LLC, Yas Castellum Financial LLC; Tin Quoc […]

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Forex Trading News 0

Citi Merges eFX Trading into Single Dealer Platform

<p>Citi, the New York-based global investment bank, has consolidated its electronic <a href=”https://www.financemagnates.com/terms/f/forex/” class=”terms__main-term” id=”6faa6714-7f7b-4d23-b1c5-c0d40807d613″ target=”_blank”>forex</a> (eFX) trading platforms for corporate and professional investors into a new single dealer platform called Velocity 3.0. The new platform was built on HTML5 technology, Citi said in a statement released on Thursday.</p><p>Velocity 3.0, according to Citi, now singularly delivers the bank’s <a href=”https://www.financemagnates.com/tag/efx/” […]

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Blockchain and Cryptocurrency News 0

US Indicts Four Co-Founders of $340M Forsage Ponzi Scheme

<p>The United States authorities have charged four co-founders of the cryptocurrency <a href=”https://www.financemagnates.com/terms/p/ponzi-scheme/” class=”terms__main-term” id=”43e13ed7-9295-4761-824f-9d9c98eb15a5″ target=”_blank”>Ponzi scheme</a> Forsage, which raised around $340 million by running the decentralized finance (DeFi) investment platform.</p><p>Forsage C-Founders Face Charges</p><p>Announced on Wednesday, the indictment brought by a federal grand jury in the District of Oregon named four Russian nationals: Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev, and […]

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