Deutsche Börse
Group to Acquire Outstanding Shares of FundsDLT
Deutsche Börse
Group has announced plans to acquire the remaining shares of FundsDLT, a
company based in Luxemburg that facilitates distributions of investments funds
through Distributed Ledger Technology (DLT). The acquisition is expected to be
completed in the fourth quarter of 2023 or the first quarter of 2024.
In 2020,
Deutsche Börse Group partnered with the Luxembourg Stock Exchange, Credit
Suisse Asset Management, and Natixis Investment Managers to invest in FundsDLT.
The platform uses blockchain technology to complete subscriptions of
investments.
CAPEX Appoints
Maria Evripidou as Head of Product
The multi-asset
global financial services provider, CAPEX, has appointed Maria Evripidou as the
Head of Product. Evripidou will reportedly focus on the company’s growth
momentum of CAPEX’s products and services.
Commenting about
the appointment, the Global CEO of CAPEX, Octavian Patrascu, said: “With
her wealth of experience in the finance sector, we are confident that Maria
will infuse a fresh perspective and innovative ideas for our endeavors.”
FCA Issues
Clarification of Advice Guidance Boundary
The UK’s
Financial Conduct Authority (FCA)
has issued guidance to provide more support for companies helping their
customers to make investment decisions. In a statement released today
(Thursday), the regulator said it was clarifying the boundary of the current
regime to give firms greater confidence to support consumers.
Sarah Pritchard,
the Executive Director, Markets at the FCA, said: “It is vital that people
get the help they need to make effective decisions-whether that be guidance or
full financial advice from a qualified financial advisor.”
Acuity Trading Unveils Trading
Tool ‘NewsIQ’
Acuity
Trading, a global AI data-driven trading tool provider, has launched a tool
named ‘NewsIQ’. This innovation is designed to transform media coverage
analysis into practical trading opportunities. It offers advanced filtering and
combines Acuity’s NLP technology with market-moving news from Dow Jones
Newswires. The tool goes beyond traditional news analytics tools, analyzing and
revealing substantial trading opportunities based on news sentiment, volume,
and price data.
“Embracing
the fintech revolution, Acuity Trading is once again at the forefront of
innovation with the game-changing NEWSIQ tool,” Andrew Lane, the CEO of Acuity
Trading, commented. “As the global provider of AI data-driven trading
tools, we’re proud to unveil this cutting-edge product that redefines the trading
landscape for brokers.”
Spectrum Markets Appoints
Mai Le
Spectrum
Markets, the pan-European trading venue for securitized derivatives, has
announced the appointment of Mai Le Hoang as the new Head of Compliance. Based
in Frankfurt am Main, Hoang will be in charge of all compliance activities
within the company. She brings a wealth of experience from her time at Ernst
& Young, where she managed numerous regulatory and strategic innovation
projects at major financial institutions.
“We
are delighted to welcome Mai Le Hoang to our international team as the Head of
Compliance at Spectrum,” Alpay Soytürk, the Chief Regulatory Officer at
Spectrum Markets, said. “With her extensive experience in digital assets
and DLT, she will play a pivotal role in the success of our innovative trading
venue.”
Head of Product at CAPEX
Maria
Evripidou has been appointed as the new Head of Product at CAPEX.com, a leading
global multi-asset financial services provider. Reporting to Octavian Patrascu,
Global CEO of CAPEX.com, Evripidou’s main focus will be to drive the ongoing
growth of CAPEX’s product offerings, aligning with the company’s vision to
become the top global brokerage for online trading.
“We
are thrilled to have Maria Evripidou join our team as the new Head of Product
for our global operations,” Octavian Patrascu, the Global CEO of CAPEX.com,
commented on the new hire. “With her wealth of experience in the finance
sector, we are confident that Maria will infuse a fresh perspective and
innovative ideas for our endeavours.”
FMA Warns against Horizon
Capital’s Clone
Investors
have been warned by the Financial Markets Authority (FMA) to be cautious when
dealing with the website Horizon-capital.ltd, which purports to be a registered
New Zealand company and is offering investments.
However,
the entity is not registered to provide financial services in New Zealand and
uses the name, address, and Certificate of Incorporation of a legitimate New
Zealand company, Horizon Capital Limited. The real Horizon Capital Limited has
confirmed that it has no connection with the website.
Apple and Goldman Sachs
Partnership Yields High-Return Savings Account
Apple Inc.
and Goldman Sachs Group Inc.’s new high-yield savings account has amassed $10
billion in US deposits, showing its success amidst rumors of a potential
separation between the companies.
The service
was launched in April, and since then, 97% of users have opted to deposit their
Apple Daily Cash into the account. Built into the Wallet app on iPhones, the
account functions like a traditional account, offering 4.15% in interest.
Suspected Syndicate
Members Charged
Stevens Yip
Chi Fai and So Lung Ying, suspected members of a large and sophisticated
syndicate involved in ramp-and-dump market manipulation, have been charged
under the Securities and Futures Ordinance and the Crimes Ordinance by Hong
Kong’s SFC.
The duo is
accused of employing a scheme with the intent to defraud or deceive in
securities transactions. The court has granted bail to Yip and So under
specific conditions and has adjourned the case to November 2, 2023.
This article was written by Finance Magnates Staff at www.financemagnates.com.
