eToro Announces $10.4 billion SPAC deal
eToro has announced it will go public after reaching a deal with Fintech V, a special purchase acquisition company, a pioneer in the evolution of SPACs.
Rick Steves
Senior Reporter, Regulation and Fintech
Rick Steves has seen business and economics through many lenses. He joined the financial services industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Steves' work has appeared in a variety of online publications including FX Street, NewsBTC, FinanceFeeds, and The Industry Spread. Rick has great interest in the dynamics of the trading industry. The never-ending clash between technology, economics, regulation, and more importantly, the people.
March 2021
PureStream to Launch US-Based ATS Powered by Nasdaq
PureStream Trading Technologies has selected Nasdaq to power its new alternative trading system (ATS) via the Nasdaq Execution Platform.
SEC Stops ‘Pump and Dump’ Fraudster on Twitter
Fassari's Twitter profile stated: "Bulls make money, bears make money, pigs get slaughtered and wolves take everything." -OC.
FEX Global Launches Futures Exchange for APAC Region
FEX Global, the new Australian futures exchange is about to go live on March 26, 2021.
ASIC Bans Nizi Bhandari for Dishonest Conduct
The Australian Dealer Group (ADG) and his sole director, Nizi Bhandari, were banned from the Australian financial services industry by ASIC.
Bakkt Granted Crypto License in New York
The New York State Department of Financial Services (DFS) has approved the application of Bakkt Marketplace for virtual currency and money transmitter licenses.
SEC Warns Over Celebrity Endorsements on SPACs
The SEC warned investors not to make investment decisions related to SPACs based solely on celebrity involvement.
Crypto Platform Bybit Shuts Down in UK Amid Crypto Ban
Crypto derivatives trading platform Bybit will end its UK operation by March 31, 2021, the firm announced in its blog.
ITI Group Hires New CEO to Target Emerging Markets
ITI Group Ltd. has appointed 30-year industry veteran Stephen Hawksworth as Group CEO to oversee the brokerage, proprietary trading, and market-making businesses.
BitGo Gets NY Crypto License in Times of Crypto Bans
Including the charter granted to BitGo NY, to date DFS has approved 28 charters and licenses for companies engaged in virtual currency business activity.
ASIC License and The New CFD Trading Rules
The ASIC license this year may come at a relatively higher price as CFD trading restrictions are about to come into effect by the end of March.
FOMO in The World of Meme
Failing to act immediately on a new investment might lead them to miss a good opportunity, they believe.
Japan to Review ESG Rules After $9.4b Fund Greenwashing
The Financial Services Agency, Japan's financial watchdog, has announced it will initiate an industry-wide review of the ESG rules.
Integral Survey: Cloud to Take Over in The Next 5 Years
Integral has conducted a survey of 94 heads of FX trading and senior FX managers which highlighted the prominent role of the cloud in the future.
Also filing this week: Karthik Subramanian and Abdelaziz Fathi.