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Israel-headquartered social trading network eToro has become the latest firm to have withdrawn from the local market as it canceled its application for a Israeli Security Authority (ISA) Trading Arena licence, according the regulators.
Beyond the symbolism of leaving the market where it was born, the move is not expected to have any significant effect on the broker as it is focused on growing in emerging markets such as Russia and China as its CEO Yoni Assia recently explained in an interview.
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Joe Hall, eToro’s UK MD Business, ... (read more)