Zenfinex Onboards new Global Marketing Director
Zenfinex, a retail forex and CFD broker, has strengthened its marketing team with the appointment of Maria Meramveliotaki as its new Global Marketing Director.
Meramveliotaki has joined London-based broker TopFX, where she was Head of Marketing. She left TopFX after spending about six years with the broker.
Maria Meramveliotaki, Global Marketing Director, Zenfinex
The hiring came as Zenfinex aggressively expanded its global presence. Last November, the broker obtained a license from the Dubai Financial Services Authority (DFSA), in addition to its current license in the United Kingdom, Seychelles, and Sierra Leone. It also made some key appointments during the departure of its CEO in the Middle East and North Africa region.
Trading 212 chief compliance officer departs
Darren Dale, Head of Group Compliance at Trading 212, left just nine months after joining the brokerage.
Darren Dale
Dale is a seasoned compliance expert, bringing 17 years of industry experience to his new role. He joined Trading 212 last September from the ADSS office in London, where he was Head of Compliance and Money Laundering Reporting Officer for four years. He also spent five months at FXCM as Vice President of UK and EU Compliance, and two years at Cornhill Capital as Group Head of Compliance. Furthermore, he was Head of Compliance at London-based City Credit Capital for seven months.
eToro will support Airdrop for USD token GALA
Multi-asset brokerage services provider eToro will support the airdrop of the upgraded Gala Games $GALA token, Gala v2. This will enable existing users of GALA (v1) to automatically receive the new GALA (v2) token in a 1:1 airdrop.
Airdrop allows some eligible crypto wallets to receive a newly launched cryptocurrency for free. These tokens are usually distributed to promote the new project and build a user base.
The moderator has specified that the airdrop will occur between May 15, 00:00 GMT, and May 16, 00:00 GMT. Trading with Gala will resume after May 16 at 00:00 GMT, ensuring network stability.
BIS confirms that the CBDC is offline
The BIS Innovation Hub Nordic Center appears to be prioritizing the offline use of Central Bank Digital Currencies (CBDCs) as it has released a handbook on the subject.
The handbook explores the aspect of making offline CBDC payments without any active internet connection. He highlighted that central banks should consider issues such as security, privacy, potential risks, types of solutions, maturity and applicability, and operational factors for adding offline payment functionality.
“The ability to pay offline can ensure this is achieved by providing a layer of resilience, as well as supporting the goals of inclusion, accessibility and privacy,” said Biju Shah, Head of BIS Innovation Hub Nordic. “Implementing offline payment capabilities will require a deeper understanding of the technologies, security threats, risks, and mitigation measures, as well as design standards for privacy, inclusion, and resilience.”
IG fears volatility due to Türkiye’s elections
The London-based company IG issued a warning notice, in which it indicated the possibility of market volatility with the Turkish presidential and parliamentary elections on May 12.
“Regarding swap points for Turkish lira currency pairs, there is a good chance that there will be a significant divergence in the interest rate differential between the two countries, or a significant divergence between the planned amount that can be confirmed from the trading platform and the actual reflected amount,” the broker noted.
It further highlighted that the opening price of the Turkish lira on Monday may deviate significantly from the closing price on Friday, and it may not be able to provide trading prices for the currency pairs of the Turkish lira due to the low liquidity of the included financial institutions. Moreover, there is a possibility of widening spreads for the Turkish Lira currency pairs.
Zenfinex Onboards new Global Marketing Director
Zenfinex, a retail forex and CFD broker, has strengthened its marketing team with the appointment of Maria Meramveliotaki as its new Global Marketing Director.
Meramveliotaki has joined London-based broker TopFX, where she was Head of Marketing. She left TopFX after spending about six years with the broker.
Maria Meramveliotaki, Global Marketing Director, Zenfinex
The hiring came as Zenfinex aggressively expanded its global presence. Last November, the broker obtained a license from the Dubai Financial Services Authority (DFSA), in addition to its current license in the United Kingdom, Seychelles, and Sierra Leone. It also made some key appointments during the departure of its CEO in the Middle East and North Africa region.
Trading 212 chief compliance officer departs
Darren Dale, Head of Group Compliance at Trading 212, left just nine months after joining the brokerage.
Darren Dale
Dale is a seasoned compliance expert, bringing 17 years of industry experience to his new role. He joined Trading 212 last September from the ADSS office in London, where he was Head of Compliance and Money Laundering Reporting Officer for four years. He also spent five months at FXCM as Vice President of UK and EU Compliance, and two years at Cornhill Capital as Group Head of Compliance. Furthermore, he was Head of Compliance at London-based City Credit Capital for seven months.
eToro will support Airdrop for USD token GALA
Multi-asset brokerage services provider eToro will support the airdrop of the upgraded Gala Games $GALA token, Gala v2. This will enable existing users of GALA (v1) to automatically receive the new GALA (v2) token in a 1:1 airdrop.
Airdrop allows some eligible crypto wallets to receive a newly launched cryptocurrency for free. These tokens are usually distributed to promote the new project and build a user base.
The moderator has specified that the airdrop will occur between May 15, 00:00 GMT, and May 16, 00:00 GMT. Trading with Gala will resume after May 16 at 00:00 GMT, ensuring network stability.
BIS confirms that the CBDC is offline
The BIS Innovation Hub Nordic Center appears to be prioritizing the offline use of Central Bank Digital Currencies (CBDCs) as it has released a handbook on the subject.
The handbook explores the aspect of making offline CBDC payments without any active internet connection. He highlighted that central banks should consider issues such as security, privacy, potential risks, types of solutions, maturity and applicability, and operational factors for adding offline payment functionality.
“The ability to pay offline can ensure this is achieved by providing a layer of resilience, as well as supporting the goals of inclusion, accessibility and privacy,” said Biju Shah, Head of BIS Innovation Hub Nordic. “Implementing offline payment capabilities will require a deeper understanding of the technologies, security threats, risks, and mitigation measures, as well as design standards for privacy, inclusion, and resilience.”
IG fears volatility due to Türkiye’s elections
The London-based company IG issued a warning notice, in which it indicated the possibility of market volatility with the Turkish presidential and parliamentary elections on May 12.
“Regarding swap points for Turkish lira currency pairs, there is a good chance that there will be a significant divergence in the interest rate differential between the two countries, or a significant divergence between the planned amount that can be confirmed from the trading platform and the actual reflected amount,” the broker noted.
It further highlighted that the opening price of the Turkish lira on Monday may deviate significantly from the closing price on Friday, and it may not be able to provide trading prices for the currency pairs of the Turkish lira due to the low liquidity of the included financial institutions. Moreover, there is the possibility of widening spreads for the Turkish Lira currency pairs.
