News Nuggets | 26 July: Tiger Launches HK Stocks' Auto-Invest; Moneta Hires New Manager

Wednesday, 26/07/2023 | 09:29 GMT by Finance Magnates Staff
  • Also, EDX Markets and Talos have integrated; ASIC initiated a civil action against the unlicensed entity.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Finance Magnates News Nuggets

NatWest's CEO, Alison Rose Resigns over Farage’s Bank Accounts Row

The Chief Executive Officer of National Westminster Bank (NatWest), Alison Rose, resigned on Wednesday after admitting that she provided an inaccurate communication to a BBC journalist concerning the closure of the bank accounts of the former British politician Nigel Paul Farage, the Financial Times reported.

The London-based retail and commercial bank has been under intense scrutiny since one of its subsidiaries closed Farage’s bank accounts. Her exit, which marks the end of more than three decades at the bank, followed an escalation of the disagreement between NatWest and the former UK’s Independence Party leader.

Turkey Eyes Investments Opportunities in the Gulf Countries

Turkey has entered into several agreements to collaborate with the Gulf countries, Saudi Arabia, Qatar, and the UAE, in boosting its fintech sector. The total of 18 agreements target investments, healthcare, renewable energy, and space exploration sectors.

Turkey’s delegates that number more than 200 are touring the Gulf to enhance investment corporations in the region. This is part of Turkey’s efforts to increase foreign exchange inflows and diversify its economy.

One in Two Brits Don’t Have Confidence in the UK’s Financial System: Report

According to the latest survey by the UK’s Financial Conduct Authority, more than half of UK consumers do not have confidence in the country’s financial services industry. Additionally, the survey revealed that only 36% believe financial firms are transparent.

The findings followed the introduction of Consumer Duty, a standard that requires companies to deliver good outcomes for consumers in the UK. Besides that, the FCA revealed that more people are using digital banking systems.

Tiger Brokers Launched Auto-Invest for HK Stocks

Tiger Brokers has announced an automatic investment plan (AIP) for Hong Kong stocks through its flagship platform, Tiger Trade. This addition allows global investors to trade weekly, bi-weekly, or monthly starting from a minimum of HKD 500. The new feature, intended to help investors mitigate market volatility, complements the existing AIP for US stocks, enabling a one-stop investing experience across both markets.

"This newly added auto-invest plan is in response to our users' demand amid market volatility and aligns with their anticipation of the market transitioning from the bottoming-out phase to a market recovery," Henry Toh, the CFO at Tiger Brokers Singapore, commented.

Source: Tiger Brokers
Source: Tiger Brokers

"At Tiger Brokers, our R&D capability positions us to regularly provide investors with a wide variety of investment choices and tools, empowering them to better manage and allocate investments in spite of the ups and downs in the markets."

Moneta Markets Has Added a New LATAM Manager

Juan Mora Daring
Juan Mora Daring

The retail FX and CFD broker, Moneta Markets has announced that Juan Mora Daring was onboarded as the new Country Manager for LATAM. Previously, Daring worked for many popular trading brands in Uruguay, including Exness, INFINOX Global and TOPFX.

"I am delighted to announce that I am starting a new position of Country Manager in Moneta Markets for LATAM," Daring shared through a LinkedIn post yesterday (Tuesday).

He also worked as a Country Manager at TOPFX, a Senior Business Developer at INFINOX Global, and a Key Account Specialist at Exness.

GAT and Currencycloud's Global Banking Solution

GAT Investment Bank has partnered with Currencycloud to offer its clients an app called GAT Money, providing a comprehensive global banking solution. This app grants access to multi-currency virtual accounts and competitive FX rates, enabling global transactions in over 35 currencies and local payouts in more than 180 countries.

The partnership eliminates the need to integrate multiple corresponding banks and payment providers, streamlining transactions for GAT's globally-focused clientele.

ASIC's Action against Unlicensed Property Group

The Australian Securities and Investments Commission (ASIC) has initiated civil proceedings against Sasha Hopkins and The A Team Property Group for allegedly operating unregistered investment schemes without a necessary license.

ASIC is seeking a court order to wind up the company, disqualify Hopkins from managing corporations, and close five associated investment schemes. Hopkins and his company have allegedly offered unlicensed property investment opportunities, raising over $32 million from clients via online and social media promotions.

SFC Embraces New Sustainability Standards

Bloomberg

The Securities and Futures Commission (SFC) has welcomed the IFRS Sustainability Disclosure Standards endorsement by the International Organization of Securities Commissions (IOSCO).

The standards provide a global framework for investor-focused corporate sustainability disclosure. The SFC is developing a roadmap for the adoption of these standards in Hong Kong, which will help investors make informed decisions.

EDX Markets and Talos Integration

EDX Markets, a digital asset exchange, has merged with Talos, a leading provider of institutional trading technology for digital assets. This partnership enhances EDX Markets' capabilities by leveraging Talos' end-to-end trading platform, thereby expanding access to various liquidity venues for customers.

The union equips clients with superior front-end UI and proven trading tools. In addition, it enhances the trading experience for both traditional financial institutions and crypto-native firms.

Joint Venture of JSE and big xyt

The Johannesburg Stock Exchange (JSE) and big xyt, a data and analytics solution provider, have launched a new venture, big xyt ecosystems. This partnership aims to provide the services of the data analytics platform, Trade Explorer, to other global financial centers.

The platform offers advanced analytics tools for understanding market liquidity, execution performance, trading patterns, and other crucial trading metrics. It allows trading venues to efficiently provide sophisticated data analytics solutions for their customers.

NatWest's CEO, Alison Rose Resigns over Farage’s Bank Accounts Row

The Chief Executive Officer of National Westminster Bank (NatWest), Alison Rose, resigned on Wednesday after admitting that she provided an inaccurate communication to a BBC journalist concerning the closure of the bank accounts of the former British politician Nigel Paul Farage, the Financial Times reported.

The London-based retail and commercial bank has been under intense scrutiny since one of its subsidiaries closed Farage’s bank accounts. Her exit, which marks the end of more than three decades at the bank, followed an escalation of the disagreement between NatWest and the former UK’s Independence Party leader.

Turkey Eyes Investments Opportunities in the Gulf Countries

Turkey has entered into several agreements to collaborate with the Gulf countries, Saudi Arabia, Qatar, and the UAE, in boosting its fintech sector. The total of 18 agreements target investments, healthcare, renewable energy, and space exploration sectors.

Turkey’s delegates that number more than 200 are touring the Gulf to enhance investment corporations in the region. This is part of Turkey’s efforts to increase foreign exchange inflows and diversify its economy.

One in Two Brits Don’t Have Confidence in the UK’s Financial System: Report

According to the latest survey by the UK’s Financial Conduct Authority, more than half of UK consumers do not have confidence in the country’s financial services industry. Additionally, the survey revealed that only 36% believe financial firms are transparent.

The findings followed the introduction of Consumer Duty, a standard that requires companies to deliver good outcomes for consumers in the UK. Besides that, the FCA revealed that more people are using digital banking systems.

Tiger Brokers Launched Auto-Invest for HK Stocks

Tiger Brokers has announced an automatic investment plan (AIP) for Hong Kong stocks through its flagship platform, Tiger Trade. This addition allows global investors to trade weekly, bi-weekly, or monthly starting from a minimum of HKD 500. The new feature, intended to help investors mitigate market volatility, complements the existing AIP for US stocks, enabling a one-stop investing experience across both markets.

"This newly added auto-invest plan is in response to our users' demand amid market volatility and aligns with their anticipation of the market transitioning from the bottoming-out phase to a market recovery," Henry Toh, the CFO at Tiger Brokers Singapore, commented.

Source: Tiger Brokers
Source: Tiger Brokers

"At Tiger Brokers, our R&D capability positions us to regularly provide investors with a wide variety of investment choices and tools, empowering them to better manage and allocate investments in spite of the ups and downs in the markets."

Moneta Markets Has Added a New LATAM Manager

Juan Mora Daring
Juan Mora Daring

The retail FX and CFD broker, Moneta Markets has announced that Juan Mora Daring was onboarded as the new Country Manager for LATAM. Previously, Daring worked for many popular trading brands in Uruguay, including Exness, INFINOX Global and TOPFX.

"I am delighted to announce that I am starting a new position of Country Manager in Moneta Markets for LATAM," Daring shared through a LinkedIn post yesterday (Tuesday).

He also worked as a Country Manager at TOPFX, a Senior Business Developer at INFINOX Global, and a Key Account Specialist at Exness.

GAT and Currencycloud's Global Banking Solution

GAT Investment Bank has partnered with Currencycloud to offer its clients an app called GAT Money, providing a comprehensive global banking solution. This app grants access to multi-currency virtual accounts and competitive FX rates, enabling global transactions in over 35 currencies and local payouts in more than 180 countries.

The partnership eliminates the need to integrate multiple corresponding banks and payment providers, streamlining transactions for GAT's globally-focused clientele.

ASIC's Action against Unlicensed Property Group

The Australian Securities and Investments Commission (ASIC) has initiated civil proceedings against Sasha Hopkins and The A Team Property Group for allegedly operating unregistered investment schemes without a necessary license.

ASIC is seeking a court order to wind up the company, disqualify Hopkins from managing corporations, and close five associated investment schemes. Hopkins and his company have allegedly offered unlicensed property investment opportunities, raising over $32 million from clients via online and social media promotions.

SFC Embraces New Sustainability Standards

Bloomberg

The Securities and Futures Commission (SFC) has welcomed the IFRS Sustainability Disclosure Standards endorsement by the International Organization of Securities Commissions (IOSCO).

The standards provide a global framework for investor-focused corporate sustainability disclosure. The SFC is developing a roadmap for the adoption of these standards in Hong Kong, which will help investors make informed decisions.

EDX Markets and Talos Integration

EDX Markets, a digital asset exchange, has merged with Talos, a leading provider of institutional trading technology for digital assets. This partnership enhances EDX Markets' capabilities by leveraging Talos' end-to-end trading platform, thereby expanding access to various liquidity venues for customers.

The union equips clients with superior front-end UI and proven trading tools. In addition, it enhances the trading experience for both traditional financial institutions and crypto-native firms.

Joint Venture of JSE and big xyt

The Johannesburg Stock Exchange (JSE) and big xyt, a data and analytics solution provider, have launched a new venture, big xyt ecosystems. This partnership aims to provide the services of the data analytics platform, Trade Explorer, to other global financial centers.

The platform offers advanced analytics tools for understanding market liquidity, execution performance, trading patterns, and other crucial trading metrics. It allows trading venues to efficiently provide sophisticated data analytics solutions for their customers.

About the Author: Finance Magnates Staff
Finance Magnates Staff
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About the Author: Finance Magnates Staff
  • 4261 Articles
  • 127 Followers

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