News Nuggets | 3 August: Acuity Unveils NewsIQ; Spectrum Markets Appoints Compliance Head

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 Luxembourg that facilitates the distribution of investment 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 Its Head of Product

The multi-asset global financial services provider, CAPEX has appointed Maria Evripidou as the new 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 inspire firms to provide support to consumers.

Sarah Pritchard, the Executive Director of 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 Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term 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 Hoang

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. She will report to Octavian Patrascu, the Global CEO of CAPEX.com. Evripidou will mainly focus on driving the ongoing growth of CAPEX's product offerings and align the company's vision to become the top global brokerage for online trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term.

"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 claims to be a registered New Zealand company 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 said 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 the 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 pump-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 victims in securities transactions. The court has granted bail to Yip Chi Fai and Lung Ying under specific conditions and has adjourned the case to November 2, 2023.