Interactive Brokers’ electronic brokerage segment registers 13% rise in pre-tax income in Q3 2019

Earnings before income taxes in the electronic brokerage industry increased 13% to $ 331 million in the quarter to the end of September 2019, compared to the same period last year. Interactive Brokers Group, Inc.'s online trading group (NASDAQ: IBKR)…

CEO of Beeks Financial Cloud plans to sell 2.6m shares in company

Gordon McArthur intends to sell approximately 2,640,484 common shares of the Company at a price of 84 pence per share. Provider of Connectivity and Cloud Computing on Financial Markets Beeks Financial Cloud Group PLC (LON: BKS) has announced that Gordon…

FCA elaborates on cryptoasset businesses’ registration

The UK Financial Conduct Authority will be the supervisor of the fight against money laundering and terrorist financing for cryptoasset companies, effective 10 January 2020. The UK Financial Conduct Authority (FCA) of the UK today issued a consultation paper outlining…

UK regulator provides update on LF Woodford Equity Income Fund

Link Fund Solutions Ltd will seek FCA's formal approval to liquidate the fund. The UK Financial Conduct Authority (FCA) of the United Kingdom today published an update of the LF Woodford Equity Income Fund (WEIF). On October 15, 2019, Link…

BBVA leads first funding round of Spanish startup PrivacyCloud

PrivacyCloud develops a series of tools that allow users to control how their data is used by companies to create business or marketing offers. BBVA announces today that it has invested in the Spanish startup PrivacyCloud. The company, which is…

ASIC to grant 3-year exemption to AFS licensees from financial adviser compliance scheme obligations

The compliance regime can not be put in place at this time. The Australian Securities and Investments Commission (ASIC) will relieve all Australian Financial Services Licensees (AFS) of their compliance regime obligations for financial advisors once it has become apparent…

Fidelity adds customized investment models to digital advice solution Fidelity AMP

Advisors can now further customize the experience through custom investment models, which are initially deployed in Fidelity AMP for a limited number of companies. Fidelity Clearing & Custody Solutions today announces the addition of customized investment models to the Fidelity…

Michael Montoya joins Equinix as Chief Information Security Officer

Mr. Montoya will work closely with Equinix's product development, operations, IT, compliance and business continuity teams. The global interconnect and data center company Equinix Inc. (NASDAQ: EQIX) today announces the appointment of Michael Montoya to the position of Director of…

kACE teams up with China’s Hangzhou Erayintong Software to offer FX Options solutions in China

The partnership provides ERAYT customers with a solution that connects the kACE Pro FX Options Pricing Engine with ERAYT's XFunds platform to offer electronic FX option distribution to client banks in China. KACE, a division of Fenics Software Limited, a…