BUX Zero Rebrands to BUX
Zero-commission funding platform, BUX Zero, introduced the rebranding of its platform to BUX, aligning with the branding of the fintech’s flagship.
“We’re rising up as a agency and have turn out to be a extra refined participant within the area. This must be mirrored within the model title,” stated Yorick Naeff, the CEO at BUX. “Dropping the Zero within the BUX Zero title signifies our dedication to this flagship software and reveals that we’re greater than only a worth chief.”
“We’re incrementally rising entry to monetary markets and the ease-of-use of our app by automated investing, curiosity on uninvested money, and entry to quite a few asset courses.”
Final 12 months, BUX rebranded its CFDs platform to Stryk, beforehand BUX X. The corporate wished to distinguish the manufacturers of its CFDs platform and zero-fee buying and selling platform.
IC Markets Inks New Sponsorship Deal
IC Markets, an Australia-headquartered FX/CFDs dealer, has turn out to be the sponsor of the ITTF World Desk Tennis Championships Finals 2023, which might be held between Could 20 to Could 28 in Durban, South Africa.
The dealer’s branding might be displayed alongside the Agricultural Financial institution of China, DHS, Double Fish, Enlio, Floki, Ganten, Liebherr, Li-Ning, Shui Jing Fang, and TATA within the sports activities match.
“This partnership represents one other vital step in advancing the worldwide development and recognition of desk tennis, and we’re wanting ahead to a profitable collaboration with IC Markets,” stated Blythe Fitzwiliam, a World Desk Tenis Enterprise Growth Director.
The sponsorship reveals brokers’ rising curiosity in regional and area of interest sports activities. The announcement highlighted that the desk tennis match is predicted to get an viewers of just about 250 million, which might increase the model of the dealer.
Scope Markets Provides New Enterprise Growth Supervisor
Scope Markets, an FX/CFDs dealer owned by the Rostro Group, has employed Frans Mans as a Enterprise Growth Supervisor in South Africa. It’s at the very least the second appointment made by the dealer within the nation. The dealer onboarded Linton White because the Normal Supervisor of South Africa Operations in April.
The appointment got here when the dealer thought-about increasing providers in lots of areas, together with MENA and Asia.
XTB Expands MENA Providing
Poland-headquartered XTB is increasing its providing within the MENA area with the addition of shares from the 15 largest inventory exchanges on this planet, together with NYSE, LSE, and Deutsche Boerse. The brand new devices might be accessible for buying and selling on Monday.
XTB MENA acquired an working license from the Dubai Monetary Providers Authority (DFSA) in 2021 and began providing providers inside months. Till now, the dealer’s providers in MENA have been restricted to contracts for variations (CFDs).
Omar Arnaout. Supply: LinkedIn
“The event of our product supply within the MENA market is a pure step in our development. Our purpose is to supply our purchasers with a full funding spectrum, so we’re always engaged on the event from each the attitude of merchandise but in addition expertise,” stated Omar Arnaout, the CEO of XTB.
“I may also not conceal the truth that our department in Dubai is among the quickest rising. This reveals the big curiosity in monetary markets on this area, and I’m happy that native traders will acquire new funding alternatives.”
ASIC Bans Particular person for ‘Bare Quick Promoting’
The Australian monetary providers regulator, ASIC, has banned the previous Gleneagle Securities fund supervisor and licensed consultant, Gregory Tolpigin for 3 years for his or her engagement in bare brief promoting.
In response to the regulator, Tolpigin engaged within the bare brief promoting of shares on 150 events from 19 January to 27 August 2021, totaling over AU$7 million. He offered these shares by accounts held with Gleneagle Securities and related entities.
Bare brief promoting is when an individual sells a monetary instrument that’s not held by the individual and can’t be transferred to the customer on the time of order placement. Tolpigin didn’t personal or borrow the shares when inserting the promote order.
“ASIC views the prohibition on bare brief promoting as a necessary coverage for the upkeep of economic market integrity,” the regulator acknowledged. “It reduces the chance of settlement failure, distortions to the operation of economic markets and abusive brief promoting that may artificially depress costs. It additionally improves the accuracy of knowledge accessible to the market.”
BUX Zero Rebrands to BUX
Zero-commission funding platform, BUX Zero, introduced the rebranding of its platform to BUX, aligning with the branding of the fintech’s flagship.
“We’re rising up as a agency and have turn out to be a extra refined participant within the area. This must be mirrored within the model title,” stated Yorick Naeff, the CEO at BUX. “Dropping the Zero within the BUX Zero title signifies our dedication to this flagship software and reveals that we’re greater than only a worth chief.”
“We’re incrementally rising entry to monetary markets and the ease-of-use of our app by automated investing, curiosity on uninvested money, and entry to quite a few asset courses.”
Final 12 months, BUX rebranded its CFDs platform to Stryk, beforehand BUX X. The corporate wished to distinguish the manufacturers of its CFDs platform and zero-fee buying and selling platform.
IC Markets Inks New Sponsorship Deal
IC Markets, an Australia-headquartered FX/CFDs dealer, has turn out to be the sponsor of the ITTF World Desk Tennis Championships Finals 2023, which might be held between Could 20 to Could 28 in Durban, South Africa.
The dealer’s branding might be displayed alongside the Agricultural Financial institution of China, DHS, Double Fish, Enlio, Floki, Ganten, Liebherr, Li-Ning, Shui Jing Fang, and TATA within the sports activities match.
“This partnership represents one other vital step in advancing the worldwide development and recognition of desk tennis, and we’re wanting ahead to a profitable collaboration with IC Markets,” stated Blythe Fitzwiliam, a World Desk Tenis Enterprise Growth Director.
The sponsorship reveals brokers’ rising curiosity in regional and area of interest sports activities. The announcement highlighted that the desk tennis match is predicted to get an viewers of just about 250 million, which might increase the model of the dealer.
Scope Markets Provides New Enterprise Growth Supervisor
Scope Markets, an FX/CFDs dealer owned by the Rostro Group, has employed Frans Mans as a Enterprise Growth Supervisor in South Africa. It’s at the very least the second appointment made by the dealer within the nation. The dealer onboarded Linton White because the Normal Supervisor of South Africa Operations in April.
The appointment got here when the dealer thought-about increasing providers in lots of areas, together with MENA and Asia.
XTB Expands MENA Providing
Poland-headquartered XTB is increasing its providing within the MENA area with the addition of shares from the 15 largest inventory exchanges on this planet, together with NYSE, LSE, and Deutsche Boerse. The brand new devices might be accessible for buying and selling on Monday.
XTB MENA acquired an working license from the Dubai Monetary Providers Authority (DFSA) in 2021 and began providing providers inside months. Till now, the dealer’s providers in MENA have been restricted to contracts for variations (CFDs).
Omar Arnaout. Supply: LinkedIn
“The event of our product supply within the MENA market is a pure step in our development. Our purpose is to supply our purchasers with a full funding spectrum, so we’re always engaged on the event from each the attitude of merchandise but in addition expertise,” stated Omar Arnaout, the CEO of XTB.
“I may also not conceal the truth that our department in Dubai is among the quickest rising. This reveals the big curiosity in monetary markets on this area, and I’m happy that native traders will acquire new funding alternatives.”
ASIC Bans Particular person for ‘Bare Quick Promoting’
The Australian monetary providers regulator, ASIC, has banned the previous Gleneagle Securities fund supervisor and licensed consultant, Gregory Tolpigin for 3 years for his or her engagement in bare brief promoting.
In response to the regulator, Tolpigin engaged within the bare brief promoting of shares on 150 events from 19 January to 27 August 2021, totaling over AU$7 million. He offered these shares by accounts held with Gleneagle Securities and related entities.
Bare brief promoting is when an individual sells a monetary instrument that’s not held by the individual and can’t be transferred to the customer on the time of order placement. Tolpigin didn’t personal or borrow the shares when inserting the promote order.
“ASIC views the prohibition on bare brief promoting as a necessary coverage for the upkeep of economic market integrity,” the regulator acknowledged. “It reduces the chance of settlement failure, distortions to the operation of economic markets and abusive brief promoting that may artificially depress costs. It additionally improves the accuracy of knowledge accessible to the market.”
