Vantage Lowers Barrier to
Entry for Copy Trading
Vantage
Markets, a multi-asset broker, has reduced the minimum deposit requirement for
its copy trading feature from $200 to $50. This move comes after a survey by
the company revealed that over 60% of active traders are interested in copy
trading. The survey also indicated that nearly 20% of respondents were
unfamiliar with the concept but were keen to learn more.
Lian Jie, Assistant App Marketing Director, Vantage
“Our
clients are looking for a means to expand their portfolio and maximise their
returns with minimal cost, so our reduced minimum deposit provides a lower
barrier for them to explore copy trading and adopt it as part of their trading
strategy,” said Lian Jie, the Assistant App Marketing Director at Vantage.
To further
support traders, Vantage plans to release a series of educational tutorials and
user guides in the coming months. These resources aim to help novice and
experienced traders make the most of the platform’s features.
FCA Issues Warning about
Morgan Stanley Clone Firm
The
Financial Conduct Authority (FCA) has warned about a clone firm impersonating
Morgan Stanley. The clone firm, operating under the name Morgan
Stanley/msaccounts.uk, is not authorized by the FCA and has been contacting
people, pretending to be the authorized firm.
The FCA
advises the public to be cautious and to consult their Warning List for other
unauthorized and clone firms. The genuine Morgan Stanley has no connection with
the clone firm and is fully authorized by the FCA.
@TheFCA advises: watch out for #MorganStanley #Clone! #Warning pic.twitter.com/Q5a6cDou89
— Damian Chmiel (@ChmielDk) October 23, 2023
Ebury Opens Global
Training Center in Malaga
Ebury, a
London-based global financial technology firm, has opened a new global training
center and operations base in Malaga, Spain. The facility, which underwent a
€1.2 million renovation, will serve as a hub for Ebury’s global operations and
offer technical training opportunities.
The new
office is expected to attract over 500 people from Ebury’s 38 global offices
for training and development programs by 2024. Ebury specializes in
international payments, trade finance, and FX risk management, among other
services.
“We’re
delighted to unveil this brilliant facility in the heart of Malaga,” Juan
Lobato, the Co-Founder and Co-CEO at Ebury, commented. “Ebury has a deep-rooted
connection to Spain and we are delighted to be investing further into this
geography through an office which will provide invaluable opportunities both
for employees based out of Malaga and those visiting to take advantage of our
new training capabilities.”
Odeon Capital Faces FINRA
Sanctions
Odeon
Capital Group LLC has agreed to a settlement with the Financial Industry
Regulatory Authority (FINRA) over alleged rule violations related to trade
reporting. The firm has consented to a censure and a $100,000 fine for failing
to report approximately 640 trades to the Trade Reporting and Compliance Engine
(TRACE) and for incorrectly reporting around 130 internal transfers.
The firm
also violated MSRB Rule G-14 by failing to timely report approximately 225
trades to the Municipal Securities Rulemaking Board’s (MSRB) Real-time
Transaction Reporting System (RTRS).
TSE Partners with
Broadridge for Direct Connection
Tokyo Stock
Exchange (TSE) and Broadridge Financial Solutions have announced a direct
connection between TSE’s CONNEQTOR platform and Broadridge’s Xilix Execution
Management System (EMS). The partnership aims to provide asset management
companies with more advanced and efficient trading processes.
According
to Hiroki Kawai, Senior Executive Officer at TSE, the direct connection will
enable institutional investors to trade ETFs with greater convenience. “We will continue our efforts to
further develop an even more highly convenient market environment that enables
smoother execution and better pricing for investors.”
BBVA Consolidates Tech
Firms into One Company
Spanish bank
BBVA is consolidating its three technology firms, BBVA Next Technologies, BBVA
IT España, and Datio, into a single new company called BBVA Technology. The new
entity will focus on software development transformation and aims to offer more
career development opportunities for current employees while attracting new
talent.
BBVA
Technology will house 3,000 employees and have offices in Madrid, Barcelona,
and Bilbao.
GTN Launches Global
Fractional Trading Engine
GTN, a
global fintech company, has launched a fractional trading engine that allows
retail investors to invest in high-value stocks and fixed income globally. The
new capability aims to democratize investing by making it more accessible and
affordable. Manjula Jayasinghe, Group CEO of GTN, stated that the new feature
aligns with the company’s mission of making trading and investing accessible to
a broader spectrum of people.
“For
years, GTN has been at the forefront of introducing innovative solutions in the
financial industry,” said Manjula Jayasinghe, the Group CEO of GTN. “We were
one of the first firms outside the US to offer fractional trading on US stocks
when it first became available. Now, expanding fractional trading capability
across global stocks and ETFs in the 80+ markets we provide access to is
aligned with our clients’ needs for greater access to investment opportunities.”
Vantage Lowers Barrier to
Entry for Copy Trading
Vantage
Markets, a multi-asset broker, has reduced the minimum deposit requirement for
its copy trading feature from $200 to $50. This move comes after a survey by
the company revealed that over 60% of active traders are interested in copy
trading. The survey also indicated that nearly 20% of respondents were
unfamiliar with the concept but were keen to learn more.
Lian Jie, Assistant App Marketing Director, Vantage
“Our
clients are looking for a means to expand their portfolio and maximise their
returns with minimal cost, so our reduced minimum deposit provides a lower
barrier for them to explore copy trading and adopt it as part of their trading
strategy,” said Lian Jie, the Assistant App Marketing Director at Vantage.
To further
support traders, Vantage plans to release a series of educational tutorials and
user guides in the coming months. These resources aim to help novice and
experienced traders make the most of the platform’s features.
FCA Issues Warning about
Morgan Stanley Clone Firm
The
Financial Conduct Authority (FCA) has warned about a clone firm impersonating
Morgan Stanley. The clone firm, operating under the name Morgan
Stanley/msaccounts.uk, is not authorized by the FCA and has been contacting
people, pretending to be the authorized firm.
The FCA
advises the public to be cautious and to consult their Warning List for other
unauthorized and clone firms. The genuine Morgan Stanley has no connection with
the clone firm and is fully authorized by the FCA.
@TheFCA advises: watch out for #MorganStanley #Clone! #Warning pic.twitter.com/Q5a6cDou89
— Damian Chmiel (@ChmielDk) October 23, 2023
Ebury Opens Global
Training Center in Malaga
Ebury, a
London-based global financial technology firm, has opened a new global training
center and operations base in Malaga, Spain. The facility, which underwent a
€1.2 million renovation, will serve as a hub for Ebury’s global operations and
offer technical training opportunities.
The new
office is expected to attract over 500 people from Ebury’s 38 global offices
for training and development programs by 2024. Ebury specializes in
international payments, trade finance, and FX risk management, among other
services.
“We’re
delighted to unveil this brilliant facility in the heart of Malaga,” Juan
Lobato, the Co-Founder and Co-CEO at Ebury, commented. “Ebury has a deep-rooted
connection to Spain and we are delighted to be investing further into this
geography through an office which will provide invaluable opportunities both
for employees based out of Malaga and those visiting to take advantage of our
new training capabilities.”
Odeon Capital Faces FINRA
Sanctions
Odeon
Capital Group LLC has agreed to a settlement with the Financial Industry
Regulatory Authority (FINRA) over alleged rule violations related to trade
reporting. The firm has consented to a censure and a $100,000 fine for failing
to report approximately 640 trades to the Trade Reporting and Compliance Engine
(TRACE) and for incorrectly reporting around 130 internal transfers.
The firm
also violated MSRB Rule G-14 by failing to timely report approximately 225
trades to the Municipal Securities Rulemaking Board’s (MSRB) Real-time
Transaction Reporting System (RTRS).
TSE Partners with
Broadridge for Direct Connection
Tokyo Stock
Exchange (TSE) and Broadridge Financial Solutions have announced a direct
connection between TSE’s CONNEQTOR platform and Broadridge’s Xilix Execution
Management System (EMS). The partnership aims to provide asset management
companies with more advanced and efficient trading processes.
According
to Hiroki Kawai, Senior Executive Officer at TSE, the direct connection will
enable institutional investors to trade ETFs with greater convenience. “We will continue our efforts to
further develop an even more highly convenient market environment that enables
smoother execution and better pricing for investors.”
BBVA Consolidates Tech
Firms into One Company
Spanish bank
BBVA is consolidating its three technology firms, BBVA Next Technologies, BBVA
IT España, and Datio, into a single new company called BBVA Technology. The new
entity will focus on software development transformation and aims to offer more
career development opportunities for current employees while attracting new
talent.
BBVA
Technology will house 3,000 employees and have offices in Madrid, Barcelona,
and Bilbao.
GTN Launches Global
Fractional Trading Engine
GTN, a
global fintech company, has launched a fractional trading engine that allows
retail investors to invest in high-value stocks and fixed income globally. The
new capability aims to democratize investing by making it more accessible and
affordable. Manjula Jayasinghe, Group CEO of GTN, stated that the new feature
aligns with the company’s mission of making trading and investing accessible to
a broader spectrum of people.
“For
years, GTN has been at the forefront of introducing innovative solutions in the
financial industry,” said Manjula Jayasinghe, the Group CEO of GTN. “We were
one of the first firms outside the US to offer fractional trading on US stocks
when it first became available. Now, expanding fractional trading capability
across global stocks and ETFs in the 80+ markets we provide access to is
aligned with our clients’ needs for greater access to investment opportunities.”
منبع: https://www.financemagnates.com//forex/news-nuggets-23-october-vantage-lowers-copy-trading-barrier-fca-warns-against-ms-clone/
