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Citi Chooses NetDania; FMA Warns against Imposter

Date:

Your Bourse Chooses New HR
Manager

Your Bourse
announced today (Tuesday) it is appointing Tetiana Dmitrieva as a new Human
Resources (HR) Manager. In her previous post, Dmitrieva was working as an HR
Recruiter for Fxview and was connected with Tixee in the past. She brings seven
years of experience in sales and human resources; however, she has been
involved with the investment industry for a year.

“Today,
I am thrilled to announce a significant step in my professional journey. I have
made the decision to change both company and position, and I couldn’t be more
excited about the opportunities that lie ahead,” Dmitrieva wrote on her
LinkedIn profile.

Nomura’s Corporate Outlook

Analysts at
Nomura predict a 0.3% rise in sales, an 11.1% increase in operating profits,
and a 4.2% surge in recurring profits for FY23, covering all industries
excluding financials. When compared to the previous forecast carried out on 1
March 2023, they have elevated their sales growth prediction by 0.5 percentage
points and their operating profit prediction by 0.3 percentage points.

In
addition, Nomura is predicting a 2.5% increase in sales, a 9.1% rise in
operating profits, and an 8.4% surge in recurring profits for FY24. This marks
the first time Nomura consolidated analysts’ earnings forecasts for this reporting
period. Across all industries excluding financials, the company foresees
continued solid growth in profits throughout FY24.

Cboe to Offer Margined BTC
and ETH Futures

Bloomberg

Cboe Global
Markets’ digital asset exchange is set to introduce margined Bitcoin and Ether
futures contracts following a crucial regulatory approval received this week.

The
Commodity Futures Trading Commission (CFTC) granted its consent for Cboe
Digital to commence the offering of physically and financially settled margined
contracts. The new offering should be available in the second part of the year.

The
provision for physical settlement of digital assets will facilitate traditional
financial entities to engage with Bitcoin or Ether futures without the need for
intermediaries to assume custody, according to John Palmer, the president of
Cboe Digital.

“We
did not want to compel participants to have to take custody or handle the
physical asset,” Palmer further noted the advantage of having a spot
market.

New Zealand’s FMA Warns
against Imposter Website

The
Financial Markets Authority (FMA) of New Zealand has urged caution when interacting
with BespokeFinance.ltd. The entity operates a website offering investment
opportunities, despite being unregistered to provide financial services in New
Zealand.

BespokeFinance.ltd
falsely claims to be a registered New Zealand company by illegitimately using
the Certificate of Incorporation belonging to a genuine New Zealand company,
Bespoken New Zealand Limited.

Bespoken
New Zealand Limited’s director has confirmed to FMA that there is no connection
between their company and the BespokeFinance.ltd website.

ASIC Bans Stephen Garry
Vick

Brisbane
financial adviser Stephen Garry Vick has been prohibited by ASIC from offering
financial services, engaging in any activities related to operating a financial
services business, and managing an entity involved in a financial services
business. This ban will be in effect for a period of five years, starting from
5 September 2022.

“Mr
Vick’s business comprised a group of companies that provided services in
property sales, mortgage broking, accounting and financial advice,” ASIC
stated.

After
conducting an investigation, ASIC determined that Vick did not prioritize the
best interests of his clients. Specifically, he advised them to transfer their
current superannuation funds to a recently established self-managed
superannuation fund (SMSF). In addition, he encouraged them to borrow money to
invest in residential property.

Citi Selects NetDania

NetDania, a
division of United Fintech, has recently been chosen by Citi to offer advanced
charting and data visualization services on its Velocity 3.0 platform. This
collaboration allows Citi’s clients to benefit from NetDania’s comprehensive
data visualization tools and cutting-edge charting capabilities, enhancing
their overall trading experience.

David
O’Byrne, the Global Product Head of FX Platforms and Distribution at Citi,
expressed his enthusiasm for the partnership, stating that the Velocity OS was
specifically designed to foster a network of collaborations.

“The
Velocity OS was purpose built to allow for an ecosystem of partnerships; and we
see our clients benefitting greatly from NetDania’s rich data visualisation and
advanced charting tools”, O’Byrne, commented.

Your Bourse Chooses New HR
Manager

Your Bourse
announced today (Tuesday) it is appointing Tetiana Dmitrieva as a new Human
Resources (HR) Manager. In her previous post, Dmitrieva was working as an HR
Recruiter for Fxview and was connected with Tixee in the past. She brings seven
years of experience in sales and human resources; however, she has been
involved with the investment industry for a year.

“Today,
I am thrilled to announce a significant step in my professional journey. I have
made the decision to change both company and position, and I couldn’t be more
excited about the opportunities that lie ahead,” Dmitrieva wrote on her
LinkedIn profile.

Nomura’s Corporate Outlook

Analysts at
Nomura predict a 0.3% rise in sales, an 11.1% increase in operating profits,
and a 4.2% surge in recurring profits for FY23, covering all industries
excluding financials. When compared to the previous forecast carried out on 1
March 2023, they have elevated their sales growth prediction by 0.5 percentage
points and their operating profit prediction by 0.3 percentage points.

In
addition, Nomura is predicting a 2.5% increase in sales, a 9.1% rise in
operating profits, and an 8.4% surge in recurring profits for FY24. This marks
the first time Nomura consolidated analysts’ earnings forecasts for this reporting
period. Across all industries excluding financials, the company foresees
continued solid growth in profits throughout FY24.

Cboe to Offer Margined BTC
and ETH Futures

Bloomberg

Cboe Global
Markets’ digital asset exchange is set to introduce margined Bitcoin and Ether
futures contracts following a crucial regulatory approval received this week.

The
Commodity Futures Trading Commission (CFTC) granted its consent for Cboe
Digital to commence the offering of physically and financially settled margined
contracts. The new offering should be available in the second part of the year.

The
provision for physical settlement of digital assets will facilitate traditional
financial entities to engage with Bitcoin or Ether futures without the need for
intermediaries to assume custody, according to John Palmer, the president of
Cboe Digital.

“We
did not want to compel participants to have to take custody or handle the
physical asset,” Palmer further noted the advantage of having a spot
market.

New Zealand’s FMA Warns
against Imposter Website

The
Financial Markets Authority (FMA) of New Zealand has urged caution when interacting
with BespokeFinance.ltd. The entity operates a website offering investment
opportunities, despite being unregistered to provide financial services in New
Zealand.

BespokeFinance.ltd
falsely claims to be a registered New Zealand company by illegitimately using
the Certificate of Incorporation belonging to a genuine New Zealand company,
Bespoken New Zealand Limited.

Bespoken
New Zealand Limited’s director has confirmed to FMA that there is no connection
between their company and the BespokeFinance.ltd website.

ASIC Bans Stephen Garry
Vick

Brisbane
financial adviser Stephen Garry Vick has been prohibited by ASIC from offering
financial services, engaging in any activities related to operating a financial
services business, and managing an entity involved in a financial services
business. This ban will be in effect for a period of five years, starting from
5 September 2022.

“Mr
Vick’s business comprised a group of companies that provided services in
property sales, mortgage broking, accounting and financial advice,” ASIC
stated.

After
conducting an investigation, ASIC determined that Vick did not prioritize the
best interests of his clients. Specifically, he advised them to transfer their
current superannuation funds to a recently established self-managed
superannuation fund (SMSF). In addition, he encouraged them to borrow money to
invest in residential property.

Citi Selects NetDania

NetDania, a
division of United Fintech, has recently been chosen by Citi to offer advanced
charting and data visualization services on its Velocity 3.0 platform. This
collaboration allows Citi’s clients to benefit from NetDania’s comprehensive
data visualization tools and cutting-edge charting capabilities, enhancing
their overall trading experience.

David
O’Byrne, the Global Product Head of FX Platforms and Distribution at Citi,
expressed his enthusiasm for the partnership, stating that the Velocity OS was
specifically designed to foster a network of collaborations.

“The
Velocity OS was purpose built to allow for an ecosystem of partnerships; and we
see our clients benefitting greatly from NetDania’s rich data visualisation and
advanced charting tools”, O’Byrne, commented.

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