The SEC is going after the founder of Taraxa Capital and Lightstone Trading
The Securities and Exchange Commission (SEC) took action against 29-year-old Solomon Lichtenstein, accusing him of orchestrating a fraudulent investment scheme by misrepresenting how he would use investors’ funds, misrepresenting their investment returns and misappropriating their investments for personal purposes. The SEC’s complaint was filed in the Southern District Court of New York on October 22, […]
Barclays to launch share buyback program for up to £500m
Barclays PLC (LON:BARC) will launch a share buyback program to buy 25p each common shares in the company for a maximum consideration of £500m. The buy-back will commence on the (London) business day immediately following the completion of the £1,000 million share buy-back program initiated by the Company on 30 July 2025 and will end […]
Tickmill expands its MENA presence by opening a new office in Kuwait
Leading retail FX and CFDs broker Tickmill has announced the opening of its new office at Nouf Tower B, 19th Floor, Jaber Al-Mubarak Street, Kuwait City, marking another major step in the company’s expansion across the Middle East. The company said the establishment of this new office underscores Tickmill’s commitment to deepen its presence in […]
ASIC cancels Wealth Trail’s licence
The Australian Securities and Investments Commission (ASIC) has revoked the Australian financial services (AFS) license of Wealth Trail Pty Ltd. License cancellation follows payment of compensation from the Compensation Scheme of Last Resort (CSLR). On 14 April 2025, the Australian Financial Complaints Authority (AFCA) entered a judgment against Wealth Trail, which Wealth Trail did not […]
CME Group records revenue decline in Q3 2025
The CME Group Inc. International Derivatives Market. (NASDAQ:CME) today announced financial results for the third quarter of 2025. The company reported revenue of $1.54 billion for the third quarter of 2025, down from the $1.58 billion result recorded in the previous quarter. Operating income for the third quarter of 2025 was $973 million. Net income […]
The Marex Group for the acquisition of Valcourt
Diversified global financial services platform Marex Group plc (NASDAQ:MRX) announced today that it has agreed to acquire Valcourt SA. Valcourt is a fixed income market maker based in Geneva, Switzerland, specializing in fixed income instruments such as high yield, subordinated, emerging market, private, illiquid and sustainable debt. The acquisition will add 700 clients, from banks, […]
24X National Exchange appoints inaugural committee, including Jane Street and UBS directors
Dmitri Galinov’s Bermuda-based OTC trading platform 24 Exchange has announced the formation of an inaugural Board of Directors for 24X National Exchange, the first US Securities and Exchange Commission (SEC)-approved national securities exchange to offer 23-hour daily trading of US equities, under full regulatory supervision. 24 Exchange said the Board of Directors convenes proven senior […]
CSI closes acquisition of digital banking provider Apiture
CSI, a provider of end-to-end financial software and technology, has completed the acquisition of Apiture, a provider of digital banking solutions to US financial institutions. Apiture’s digital banking platform aims to transform the way banks and credit unions compete – providing tools that help institutions win and retain account holders. “The acquisition of Apiture furthers […]
Kraken Q3 2025 Revenue Up 50% to $648M
After a slow and somewhat disappointing quarter, US-based cryptocurrency exchange Kraken reported results for the third quarter of 2025, including a 50% jump in quarter-on-quarter revenue. Kraken said it delivered strong performance across multiple financial and operational metrics. 3Q2025 revenue (net of transaction costs) rose to $648.0 million, up 50% quarter-over-quarter and setting a new […]
i2c secure Visa certification for worldwide Click to Pay activation
i2c Inc., a global financial technology innovator, today announced that it is certified by leading digital payments company Visa to globally enable Click to Pay, the new global EMVCo standard in online checkout designed to improve security, authorization rates and the overall e-commerce experience. With this certification, customers can enable Click to Pay in multiple […]