Webull launches Smart Advisor
A commission-free trading platform, Webull announced the launch of Smart Advisor, which leverages artificial intelligence to suggest a portfolio based on a user’s responses to a risk assessment. The platform also launched an updated version of its existing platform, Webull 9.0.
Smart Advisor, an in-house algorithm, will collect basic profile information such as investor’s goals, risk tolerance and time horizon to suggest the investment portfolio. The platform emphasized that investments through Smart Advisor will not be locked and investors will still have access to funds.
Although the new platform is free for all Webull users until the end of June, it will charge an annualized fee of 20 basis points of assets under management (AUM).
“This milestone anniversary, the launch of Webull 9.0 and Smart Advisor, is not only a moment of reflection on the company’s achievements, but also demonstrates that we are at the forefront of the future of the retail investing,” said Webull CEO Anthony Denier.
Equiti brings FXPesa to Uganda
FXPesa, the trading name of EGM Securities, a subsidiary of Equiti Group, has marked its presence in Uganda with the launch of its Financial Education Center. FXPesa Academy has also established a physical presence in Kampala.
It was the second country where the FXPesa brand entered. It already has a significant presence in Kenya and is regulated by that country’s Capital Markets Authority.
“Through FXPesa’s education programs, we want to empower Ugandans to make informed financial and economic decisions that improve their income levels and drive economic growth,” said Moonika Jurgenfeldt, Chief Commercial Officer of Equiti Group in Africa.
“We plan to use our new FXPesa Academy in Kampala as an entry point into Uganda. We want to build on its success and expand to other locations in this great country to provide more Ugandans with the same opportunity. “
Left to Right – Samwel Kiraka, CEO of EGM Securities/FXPesa, Norbert Kiiza – Head of Education for FXPesa Academy Uganda, Norbert Mashauri, Senior Business Development Manager for FXPesa Uganda, James Wesonga – Business Development Manager (wearing a cap) and Ms. Moonika Jurgenfelt – Commercial Director of Equiti in Africa
Crossover Markets partners with Hidden Road
Crossover Markets has partnered with prime broker Hidden Road to enable cryptocurrency trading for the latter’s clients. Hidden Road clients will have access to CROSSx, Crossover’s Crypto Electronic Communication Network (ECN) for executing spot crypto transactions.
The announcement also highlighted that Hidden Road is the first integrated partner to CROSSx, which launched in March.
Brandon Mulvihill, CEO of Crossover Markets
“In the non-fungible world of cryptocurrency platforms, Hidden Road has expanded the trading capacity of institutions by bringing fungibility to the market,” said Brandon Mulvihill, co-founder and CEO of Crossover, “We believe this removal significant ecosystem operational frictions will materially increase trading volumes and reduce trading costs.”
Visa opens a hub in Poland
Payments giant Visa on Tuesday announced plans to open a new global technology and product hub in Poland, the company’s first in Central and Eastern Europe. The Polish hub will welcome 1,500 new technology and product recruits over the next few years.
“Poland’s highly skilled workforce and vibrant IT sector make it an ideal place to recruit and collaborate with partners and companies to develop new payment solutions,” said Rajat Taneja, President, Technology at Visa. “The next wave of our product and innovation roadmap is even more exciting as we focus on the next generation of AI, cybersecurity, and the resiliency and availability of our network for all who rely on it. depend.”
ASIC revokes dormant company’s license
Australia’s financial services regulator, ASIC, has announced the cancellation of Centurion Custodian Funds Management’s license, which already took effect on January 18.
The cancellation came because the company had not been providing financial services under the license since it was issued in May 2005. However, Centurion has appealed ASIC’s decision and the Administrative Appeals Tribunal will review it on next month.
“Under the Societies Act, ASIC may cancel an AFSL license held by a body corporate without a hearing if the body fails to provide financial services covered by the license before the end of six months after the grant of the license. license,” ASIC’s announcement said.
Hong Kong Concludes Consultation on Crypto Rules
On Tuesday, the Hong Kong Securities and Futures Commission (SFC) announced the conclusion of its consultation around proposed cryptocurrency regulations.
The regulator received 152 written comments from participants and industry professionals on the proposed rule. While most respondents welcomed the proposals, some asked for further clarification.
The new regulations and guidelines will come into effect on June 1, 2023.
“Hong Kong’s comprehensive virtual asset regulatory framework follows the principle of ‘same business, same risks, same rules’ and aims to provide strong investor protection and manage key risks. This will allow the industry to grow in a sustainable way and support innovation,” said Julia Leung. , CEO of SFC.
Webull launches Smart Advisor
A commission-free trading platform, Webull announced the launch of Smart Advisor, which leverages artificial intelligence to suggest a portfolio based on a user’s responses to a risk assessment. The platform also launched an updated version of its existing platform, Webull 9.0.
Smart Advisor, an in-house algorithm, will collect basic profile information such as investor’s goals, risk tolerance and time horizon to suggest the investment portfolio. The platform emphasized that investments through Smart Advisor will not be locked and investors will still have access to funds.
Although the new platform is free for all Webull users until the end of June, it will charge an annualized fee of 20 basis points of assets under management (AUM).
“This milestone anniversary, the launch of Webull 9.0 and Smart Advisor, is not only a moment of reflection on the company’s achievements, but also demonstrates that we are at the forefront of the future of the retail investing,” said Webull CEO Anthony Denier.
Equiti brings FXPesa to Uganda
FXPesa, the trading name of EGM Securities, a subsidiary of Equiti Group, has marked its presence in Uganda with the launch of its Financial Education Center. FXPesa Academy has also established a physical presence in Kampala.
It was the second country where the FXPesa brand entered. It already has a significant presence in Kenya and is regulated by that country’s Capital Markets Authority.
“Through FXPesa’s education programs, we want to empower Ugandans to make informed financial and economic decisions that improve their income levels and drive economic growth,” said Moonika Jurgenfeldt, Chief Commercial Officer of Equiti Group in Africa.
“We plan to use our new FXPesa Academy in Kampala as an entry point into Uganda. We want to build on its success and expand to other locations in this great country to provide more Ugandans with the same opportunity. “
Left to Right – Samwel Kiraka, CEO of EGM Securities/FXPesa, Norbert Kiiza – Head of Education for FXPesa Academy Uganda, Norbert Mashauri, Senior Business Development Manager for FXPesa Uganda, James Wesonga – Business Development Manager (wearing a cap) and Ms. Moonika Jurgenfelt – Commercial Director of Equiti in Africa
Crossover Markets partners with Hidden Road
Crossover Markets has partnered with prime broker Hidden Road to enable cryptocurrency trading for the latter’s clients. Hidden Road clients will have access to CROSSx, Crossover’s Crypto Electronic Communication Network (ECN) for executing spot crypto transactions.
The announcement also highlighted that Hidden Road is the first integrated partner to CROSSx, which launched in March.
Brandon Mulvihill, CEO of Crossover Markets
“In the non-fungible world of cryptocurrency platforms, Hidden Road has expanded the trading capacity of institutions by bringing fungibility to the market,” said Brandon Mulvihill, co-founder and CEO of Crossover, “We believe this removal significant ecosystem operational frictions will materially increase trading volumes and reduce trading costs.”
Visa opens a hub in Poland
Payments giant Visa on Tuesday announced plans to open a new global technology and product hub in Poland, the company’s first in Central and Eastern Europe. The Polish hub will welcome 1,500 new technology and product recruits over the next few years.
“Poland’s highly skilled workforce and vibrant IT sector make it an ideal place to recruit and collaborate with partners and companies to develop new payment solutions,” said Rajat Taneja, President, Technology at Visa. “The next wave of our product and innovation roadmap is even more exciting as we focus on the next generation of AI, cybersecurity, and the resiliency and availability of our network for all who rely on it. depend.”
ASIC revokes dormant company’s license
Australia’s financial services regulator, ASIC, has announced the cancellation of Centurion Custodian Funds Management’s license, which already took effect on January 18.
The cancellation came because the company had not been providing financial services under the license since it was issued in May 2005. However, Centurion has appealed ASIC’s decision and the Administrative Appeals Tribunal will review it on next month.
“Under the Societies Act, ASIC may cancel an AFSL license held by a body corporate without a hearing if the body fails to provide financial services covered by the license before the end of six months after the grant of the license. license,” ASIC’s announcement said.
Hong Kong Concludes Consultation on Crypto Rules
On Tuesday, the Hong Kong Securities and Futures Commission (SFC) announced the conclusion of its consultation around proposed cryptocurrency regulations.
The regulator received 152 written comments from participants and industry professionals on the proposed rule. While most respondents welcomed the proposals, some asked for further clarification.
The new regulations and guidelines will come into effect on June 1, 2023.
“Hong Kong’s comprehensive virtual asset regulatory framework follows the principle of ‘same business, same risks, same rules’ and aims to provide strong investor protection and manage key risks. This will enable the industry to grow in a sustainable way and support innovation,” said Julia Leung. , CEO of SFC.
