Forex

Global fintech firm Revolut has been granted an Organisation Authorisation by Peru’s Superintendency of Banking, Insurance and AFP (SBS). The authorisation permits Revolut to formally incorporate as a banking entity in Peru, representing the first stage of a two-step licensing process.  The company must still undergo a supervisory inspection before receiving a Functional Authorisation, which…

Bloomberg announced this week a significant update of its Multi-Asset Risk Models suite, known as MAC3, extending coverage into private markets and alternative investments for the first time.  Previously recognised for its comprehensive coverage of global equities, fixed income, commodities and derivatives, MAC3 now incorporates dedicated models for private equity, private credit, real estate, infrastructure…

An American broker-dealer and asset management firm has been censured and fined by the Financial Industry Regulatory Authority (FINRA) after failing for seven years to properly monitor its representatives’ variable annuity exchange activity, leaving 14 customers out of pocket by nearly $130,000. FINRA said in a release this week that there were supervisory failures by…

One of the first questions you might ask when looking at a new strategy is: “What’s the win rate?” Sounds like a perfectly logical question! After all, winning more often must mean the strategy works… right? Further down the road, this thinking leads to chasing high win-rate setups… perhaps tweaking rules to avoid losses, before…