News Nuggets | 14 November: eToro Adds 236 New Stocks; AlpFin Announces New Head of Sales

<p>Etoro's Stock Expansion</p><p><a href="https://www.financemagnates.com/tag/etoro/" target="_blank" rel="follow">eToro</a>, the
social trading and investment platform, has recently broadened its portfolio by
adding 236 new stocks, encompassing various sectors and markets. The newly
included stocks include companies like Oxford Nanopore Technologies and
Instacart and a diverse array from the Australian Securities Exchange,
including Bega Cheese Limited and Costa Group Holdings. </p><p>The
expansion also extends to multiple European markets with additions such as
Grenergy Renovables S.A. from Spain and KWS SAAT SE from Germany, as well as
several listings from the Paris stock exchange like Compagnie de l'Odet. </p><p>eToro
emphasized that these additions come with the benefit of zero commission for
users in regions where this applies. This move aims to give eToro users more
freedom to diversify their portfolios without the extra cost of commission
fees, and they're encouraged to explore fractional shares as well.</p><p>Zodia Markets and Triple-A
Join Forces</p><p>Zodia
Markets, supported by <a href="https://www.financemagnates.com/tag/standard-chartered/" target="_blank" rel="follow">Standard Chartered</a>, has formed a strategic alliance with
Triple-A, a licensed digital currency payment institution. This partnership is
poised to advance the accessibility of digital assets for companies, aligning
with their mutual goal of driving financial sector innovation while maintaining
high regulatory compliance. </p><p>Nick
Philpott of Zodia Markets expressed enthusiasm for the collaboration, which is
set to enable corporate clients to embrace digital assets and stablecoins for
transactions. Triple-A's CEO, Eric Barbier, also shared the ambition to
transform how corporate clients interact with digital currencies, enhancing user
experience with top-tier compliance measures.</p><p>Stocknet Institute
Introduces SI World</p><p>Stocknet
Institute has unveiled SI World, a novel platform that offers <a href="https://www.financemagnates.com/tag/retail-traders/" rel="follow">retail traders</a> a
virtual trading environment. This innovative platform responds to the surge in
online trading and aims to support traders in honing their skills while
mitigating risks. SI World provides a controlled environment where traders can
earn rewards and access various educational tools before venturing into live
markets. </p><p>It includes
features like scalable funding experiences, a marketplace for e-FX products,
and simulation modes, all designed with trader education and support in mind.
This launch comes as a direct challenge to conventional live-trading platforms,
offering an alternative that prioritizes skill development and knowledge
acquisition.</p><p>Travelex International
Group's Financial Uptick</p><p><a href="https://www.financemagnates.com/tag/travelex/" target="_blank" rel="follow">Travelex
International Group</a> has reported robust financial results for Q3 2023, with
revenues and EBITDA surpassing previous quarters and showing significant
year-over-year growth. The company credits this performance to the
post-pandemic recovery, with increased passenger numbers in Asia Pacific and
ongoing progress in other regions. </p><p>“The
Travelex International Group generated revenues of £144.7m in Q3 2023, £8.3m
higher than Q2 and £15.1m (12%) greater than 2022. YTD revenues of £398.5m were
£93.4m (31%) above 2022,” the company commented.</p><p>While the
group's revenue is nearing pre-pandemic levels, the underlying EBITDA has
exceeded the figures from 2019, indicating an effective management of costs and
investments. Travelex's financial health seems to be on an upward trajectory,
bolstered by prudent investments and a responsive approach to the changing
demands of the financial exchange sector.</p><p>AlpFin Announces New
Global Head of Sales &amp; Marketing</p><p>Alp
Financial Ltd (<a href="https://www.financemagnates.com/tag/alpfin/" target="_blank" rel="follow">AlpFin</a>), a global trading technology service provider, has
appointed Chris de Sibert as the Global Head of Sales and Marketing. With a
robust background in foreign <a href="https://www.financemagnates.com/terms/e/exchange/">exchange</a> sales and experience at major banks, de
Sibert is set to contribute significantly to AlpFin's institutional strategy. </p><p>Andrea
Sanna, the Global Head of Liquidity Management at AlpFin, welcomed de Sibert,
anticipating his impact on the company's trajectory amidst industry challenges
and opportunities. </p><p>Chris de
Sibert expressed his dedication to fostering business growth and innovation at
AlpFin, aiming to transform industry challenges into successful outcomes for
the company and its clients.</p><p>KIS Indonesia Advances
with Horizon OMS</p><p>PT Korea
Investment And Sekuritas Indonesia (KIS Indonesia) has taken a significant step
in advancing its trading operations by implementing Horizon Software's Order
Management System (<a href="https://www.financemagnates.com/tag/oms/" target="_blank" rel="follow">OMS</a>). This platform is a comprehensive solution designed to
optimize trading operations and is a part of KIS's continued partnership with
Horizon, which began in 2019. The new system is expected to enhance the
efficiency and reliability of KIS's trading operations. </p><p>“The
deployment of Horizon OMS platform marks a significant milestone in our journey
toward enhancing trading capabilities and delivering unparalleled services to
our clients,” Jay (Jong In) Hong, the Director of Equity at KIS Indonesia,
commented. “With this advanced technology, we are well-equipped to navigate the
dynamic landscape of the financial market, ensuring efficiency and reliability
in our trading operations."</p><p>Beeks Financial Cloud
Group Secures New Contract</p><p><a href="https://www.financemagnates.com/tag/beeks-financial-cloud/" target="_blank" rel="follow">Beeks
Financial Cloud Group</a>, a Scotland-based provider of cloud computing for
financial markets, has secured a $1.3 million contract with an investment
manager, further solidifying its market presence. This three-year agreement,
with an option to extend, is a testament to the company's growing confidence
and its ability to attract high-profile financial organizations. </p><p>“We
continue to attract high profile financial organisations and in turn increase
our presence in the sector,” Gordon McArthur, the CEO at Beeks, commented. “Following
a strong start to the year, our high levels of contracted, recurring revenue
provide confidence moving forwards.”</p><p>Fnality International's
Series B Funding Milestone</p><p>Fnality
International, a <a href="https://www.financemagnates.com/tag/fintech/" target="_blank" rel="follow">FinTech </a>company at the intersection of traditional finance and
blockchain technology, has successfully raised £77.7m in a Series B funding
round led by prominent investors including Goldman Sachs and BNP Paribas. </p><p>This new
capital influx, which brings Fnality's total raised to £132.7m, is intended to
establish a global liquidity management ecosystem leveraging DLT for faster,
safer, and more efficient value exchange in wholesale markets. </p><p>Rhomaios
Ram, the CEO of Fnality, highlighted the industry's demand for blockchain-based
settlement solutions, while representatives from DTCC and BNP Paribas
acknowledged the potential of Fnality's technology to innovate payment systems
and support the evolving digital asset landscape.</p>

This article was written by Damian Chmiel at www.financemagnates.com.