News Nuggets | 28 October: Vantage Partners with Bloomberg; PwC Reports Record Revenue

<p>Vantage UK Partners with
Bloomberg Media Studios</p><p>Vantage UK,
a multi-asset broker, has partnered with Bloomberg Media Studios to launch a
new video series called "The Vantage View." The series aims to
provide an in-depth analysis of key economic trends and outlooks, featuring
insights from industry experts. The quarterly episodes will cover various
topics, from climate change policies to technological advancements like AI,
targeting a diverse audience that includes investors, professionals, and
general enthusiasts.</p><p>"This
partnership exemplifies our shared commitment to delivering high-quality
content and fostering thought-provoking discussions on critical topics,” Marc
Despallieres, the Chief Strategy &amp; Trading Officer at <a href="https://www.financemagnates.com/tag/vantage/" target="_blank" rel="follow">Vantage</a>, commented.</p><p>“Combining
Vantage Markets' expertise in financial services with Bloomberg's
industry-leading journalism and global reach, 'The Vantage View' will become a
trusted source of insights and analysis for a diverse range of listeners,
including investors, professionals, and enthusiasts alike."</p><p>PwC Reports Record Global
Revenues of $53.1 Billion</p><p><a href="https://www.financemagnates.com/tag/pwc/" target="_blank" rel="follow">PwC </a>has
reported record global revenues of $53.1 billion for the 12 months ending June
30, 2023. The firm saw growth of 9.9% in local currency and an increase of 5.6% in US
dollars compared to the previous fiscal year. The growth reflects the quality
of work delivered by PwC's workforce of over 364,000 professionals worldwide.
The firm continues to invest in strategic acquisitions and workforce expansion,
focusing on delivering quality services to its stakeholders.</p><p>"Our
focus on delivering the quality services that our stakeholders need to prosper
today and to prepare their organisations for the future has driven another year
of growth for us,” Bob Moritz, the Global Chairman of PwC, said.</p><p>Financial Ombudsman
Service Access for SMEs Remains Unchanged</p><p>No changes
will be made after reviewing the rules that extend access to the Financial
Ombudsman Service for small and medium-sized enterprises (SMEs). SMEs with a
turnover of less than £6.5 million and fewer than 50 employees, or a balance
sheet total of less than £5 million, can access the service. </p><p>“We have
decided that this level of coverage remains appropriate and that it would not
be proportionate to extend access to SMEs larger than the current criteria,”
the Financial Conduct Authority commented.</p><p>24 Exchange Sets New
Record in FX NDF Trading Volume</p><p><a href="https://www.financemagnates.com/tag/24-exchange/" target="_blank" rel="follow">24 Exchange</a>
has set a new single-day record for FX NDF (Non-Deliverable Forwards) trading
volume, processing more than $3.1 billion for its global institutional
customers. The company offers multiple asset class offerings, including Crypto NDFs,
FX Swaps, and FX Spot, and plans to expand these services to meet the needs of
institutional traders seeking greater liquidity at lower costs.</p><p>"We are
thrilled to set another daily volume record in FX NDF trading for our clients
seeking greater liquidity,” Dmitri Galinov, the CEO and Founder of 24 Exchange,
said. “The response from discerning institutional customers to our robust
platform and unmatched customer experience has been tremendous. We remain
committed to meeting the needs of our customers for multiple asset class
offerings on a 24 hours basis and with the lowest possible cost."</p><p>Bit Digital Launches AI
Business</p><p>Bit
Digital, Inc., a New York-based <a href="https://www.financemagnates.com/tag/crypto-mining/" target="_blank" rel="follow">crypto ming platform</a>, has launched a
new business line focused on artificial intelligence (AI). The company has
secured a customer contract worth up to $257 million to provide rental services
for a minimum of 1,024 GPUs and a maximum of 4,096 GPUs. Further, Bit Digital has agreed to purchase 1,056 NVIDIA HGX H100 GPUs and plans to deploy them at a
Tier-3 data center by the end of 2023.</p><p>"We
are pleased to take these steps to materially diversify our business and enter
a market with robust demand and growth expectations,” Sam Tabar, Bit Digital's
CEO, commented. “This new venture is an excellent expansion of our platform.
This business line aims to provide a non-correlated income stream that will
help the Company weather potential downturns in its core bitcoin mining and ETH
staking businesses.”</p>

This article was written by Finance Magnates Staff at www.financemagnates.com.