News Nuggets | 2 August: IG's Share Buyback; New Features on Fortex

<p>IG Kicks Off Share Buyback Under New Plan
</p><p>London-listed IG Group (LON: IGG) has stated to buyback publicly listed ordinary shares under its extended <a href="https://www.financemagnates.com/forex/brokers/ig-group-ends-fy23-with-lower-trading-revenue-expands-share-buyback/">buyback plan of £250 million</a>. The broker has entered into non-discretionary instructions with Morgan Stanley for the first tranche of up to £100 million and to make trading decisions independent of IG’s intervention.
</p><p>“The First Tranche will be for a maximum aggregate market value of £100 million, will commence on 2 August 2023, and will end on or before 12 December 2023,” the announcement stated.
</p><p>Fortex WebTrader Adds New Features
</p><p><a href="https://www.financemagnates.com/tag/fortex-technologies/">Fortex </a>has enhanced the trading experience with its Webtrader platform with the addition of several features. The new features include enhanced trading details with swap section, convenient chart functionality, drag and drop price line, and sounds.
</p><p>“We are thrilled to announce the latest update to Fortex WebTrader, featuring a host of powerful enhancements that will elevate your traders experience to new heights. Our team has been hard at work, carefully crafting these new features to make each trading journey even more seamless, informative, and efficient,” the announcement stated.</p><p>Crossover Markets Taps Liquid Mercury
</p><p><a href="https://www.financemagnates.com/tag/crossover-markets/">Crossover Markets</a> has partnered with Liquid Mercury to use its graphical user interface (GUI) for crypto trading. According to the announcement, Crossover’s CROSSx clients can use the customized trading platform to access order management capabilities and trading tools.
</p><p>“Liquid Mercury’s responsiveness, collaborative approach, and strong technology are a perfect fit for CROSSx venue participants who need to trade via GUI, and we are excited to bring another facet of our ECN to market,” said Anthony Mazzarese, Co-Founder and Chief Commercial Officer of Crossover.</p><p>Finmo Gains Singapore License
</p><p>Finmo, a Singapore-headquartered payments platform, has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), allowing the company to receive funds in Singapore dollars.
</p><p>“We are enthusiastic about the abundance of opportunities accompanying our official expansion into Singapore,” said David Hanna, Co-founder and CEO of Finmo.
</p><p>“We also recognize the challenges faced by Singaporean businesses – both SMEs and larger enterprises – in navigating the complexities of international payments and automating treasury functions. We aim to be a trusted partner for these businesses by simplifying cross-border transactions and providing effective and innovative solutions.”
</p><p> ViewTrade Strengthens Executive Team
</p><p><a href="https://www.financemagnates.com/forex/brokers/viewtrade-fined-250000-for-aml-and-reporting-lapses/">ViewTrade</a>, a financial services company, has strengthened its executive team with two new appointments: Laksh Gangwani as the Chief Revenue Officer (CRO) for the Asia-Pacific and Middle, and Ronit Kar as the Head of Institutional Growth.
</p><p>The appointment of Gangwani came as an internal promotion as he joined the company in September 2022 as a Managing Director for Asia. In the new role, he will focus on the company’s expansion. However, Kar, based in India, is a fresh hire who most recently worked as Head of International Stocks at Groww and other investment platforms.
</p><p>“Laksh and Ronit bring a depth of understanding about the business environment across multiple countries that will be invaluable as we continue our worldwide expansion,” said Anthony Petrilli, CEO of ViewTrade. “Their ability to build things from the ground up and their extensive experience in wealth management make them invaluable assets to ViewTrade and the entire global investing community.”
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This article was written by Finance Magnates Staff at www.financemagnates.com.