News Nuggets | 5 September: Hantec Markets Executive; Warning of Malaysia Regulator

Melissa Di Donato Appointed as New CEO of Kyriba

Kyriba, a global leader in cloud-based finance and liquidity solutions, has announced the appointment of Melissa Di Donato as its new Chairwoman and CEO. Di Donato, who has a track record of leading tech companies to growth, will succeed Jean-Luc Robert. She aims to build upon Kyriba's strong foundation and lead the company into a new era of customer-focused growth and innovation.

“I am honored to join Kyriba and build upon its unmatched heritage in treasury management,” Di Donato commented. “Kyriba is poised to enter a new era of success. Together with this exceptional team, we will capitalize on the enormous opportunities before us to deliver greater value and meet our customers’ end-to-end needs in enterprise liquidity management.”

Maybank Sekuritas Partners with Horizon

Maybank Sekuritas has teamed up with Horizon Software to deploy Horizon's Platform for Warrant Market Making in Indonesia. This collaboration aims to enhance the trading experience for clients by combining Horizon's advanced technology with Maybank Sekuritas's market expertise.

The platform offers seamless execution, comprehensive risk management, and real-time market monitoring. Maybank Sekuritas has already introduced 30 structured warrants on the Horizon platform, making it one of the first clients in Indonesia to go live with this feature.

Eurex Reports Growth in Trading Volume

Eurex, a leading European derivatives exchange, has reported an 8% year-over-year (YoY) increase in total trading volume for August 2023. The growth is seen across various segments, including interest rate derivatives, equity derivatives, and index derivatives.

Additionally, Eurex Repo, the exchange's electronic market for secured funding, saw a significant increase in daily GC Pooling volumes, up 243% YoY. Notional outstanding volumes in OTC Clearing also increased by 14%, indicating a strong performance for the exchange.

BaFin Investigates Disruptions at Postbank

The German Federal Financial Supervisory Authority (BaFin) is investigating numerous customer complaints regarding service disruptions at Postbank, a branch of Deutsche Bank AG. The issues range from online and mobile banking disruptions to delays in account management and inheritance matters.

BaFin has called upon Postbank to resolve these issues promptly and is examining the causes to take appropriate supervisory measures.

GenTwo Secures $15 Million in Series A Funding

Swiss B2B fintech GenTwo has raised $15 million in a Series A investment round led by Point72 Ventures. The company specializes in making both bankable and non-bankable assets available to investors through its proprietary securitization platform.

With over $3 billion in assets under service, GenTwo aims to expand its offerings and reach more clients across different countries.

Incard Partners with Currencycloud for Global Payments

Incard, a digital bank tailored for e-commerce businesses and marketers, has partnered with Currencycloud to simplify international transactions. The partnership aims to provide Incard's users with a fully automated service that enables quicker and more cost-effective international payments.

“Incard’s vision is to provide our customers with an increasingly flexible, fast, and seamless international payment system,” Soraya Tribouillois, the Co-Foudner and CFO at Incard, commented. “Currencycloud is a reliable provider we can count on to enable our users to unlock global revenue streams, break down borders, and save money by having access to more currencies and highly competitive FX rates."

New Head of Technology Strategy at Hantec Markets

Michael O'Sullivan has left his role at INFINOX to join Hantec Markets as the new Head of Technology Strategy. He joined INFINOX in January 2021 as the Head of Technology and departed as the Chief Technology Officer.

O'Sullivan started his career at CMC Markets and spent 15 years at the London-headquartered broker, separating as the Head of Partnerships Operations and Delivery. He also spent a year at ATFX UK as the Head of Project Management.

Malaysia's SC Flags a Clone Investment Firm

The Securities Commission Malaysia (SC) has updated its Investors Alert list by adding the name of LFM Global, a potential clone entity. The list "contains the list of unauthorized websites, investment products, companies, and individuals."

According to its website, LFM offers trading services with stocks and commodities. It has falsely impersonated LFM Global Investment Company Limited, a Hong Kong-regulated financial services company.

Capital.com Onboards New Aussie Senior Financial Market Analyst

Capital.com announced the appointment of Kyle Rodda as the Senior Market Analyst responsible for market analysis in Australia and Asia Pacific. In the role, he will deliver market analysis on a regular basis to traders in Australia and globally.

He brings over ten years of industry experience and previously worked at the Australian arm of IG. Most recently, he was a Presenter and Market Commentator at the Australian business streaming platform, ausbiz TV.

"Kyle's expertise and understanding of the local and global markets will be instrumental in supporting our growth and addressing our clients' burgeoning interest in the Australian markets and the surrounding region," said Laura Lin, the CEO of Capital.com Australia.

Spanish Regulator Expands Warning List

Spain's National Securities Market Commission (CNMV) has added 20 more names to its warning list against unregistered institutions. Most of these names are clones of legitimate platforms or outright frauds.

"According to CNMV records, these institutions are not registered in the corresponding registry of this Commission and, therefore, are not authorized to provide investment services or other activities subject to the CNMV's supervision," the regulator stated.

Fastmarkets Enhances Nickle Offering

Fastmarkets, a cross-commodity price reporting agency (PRA), is making the battery cathode market transparent with the launch of premium assessments for nickel sulfate in Europe.

"The launch of nickel sulfate price assessments in Europe complements our existing prices in Asia and underscores Fastmarkets' commitment to promoting transparency in the dynamic battery cathode market," said Raju Daswani, the CEO of Fastmarkets.

"With the booming demand for electric vehicle batteries, particularly in Europe, our decision to provide these assessments is timely. Fastmarkets is proud to play a pivotal role in shaping the future of the battery raw materials market."