Saxo Bank will retain the remaining 19.9%, with the deal subject to regulatory approvals. Under the agreement, DMA will leverage Saxo Bank’s trading technology and platforms via a white-label arrangement for Australian clients. The deal is expected to build on the existing partnership between the two firms in South Africa, the Netherlands, and the UK,…
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The regulator has particularly focused on cryptoasset firms, debt solution providers, and claims management companies (CMCs). The FCA reported that 9,197 CMC promotions were withdrawn, many linked to housing disrepair and motor finance claims targeting vulnerable consumers. Additionally, the regulator said it has ramped up enforcement against "finfluencers," resulting in 20 people being interviewed under…
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The firm revealed that Talone will focus on energy, digital transformation, and infrastructure investments, particularly in Iberia and global markets. Talone brings extensive industry experience, having previously served as chairman and CEO of EDP Group, one of Europe's leading energy utility firms with a strong presence in renewable energy. He also co-founded Magnum Capital, a…
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The integration will offer brokers a solution that combines copy trading services with client management tools. The company explained that with the integration, brokers using cTrader can now access a copy trading platform and real-time client data monitoring, enhancing automation and engagement. The system is said to let brokers set up automated workflows, notifying clients…
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The integration aims to enhance liquidity options and improve execution quality for asset managers and banks. LoopFX specialises in dark mid-point matching for large trades exceeding $10 million, helping reduce execution costs and minimise market impact. With the integration, FlexTrade said FlexFX users can send orders to LoopFX without altering their existing workflows. Additionally, trading…
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Political and “trade war” narratives remain intact, and interest rate expectations start to tighten. According to the Fedwatch tool from CME, traders expect the interest rate in the US to decline only in July 2025. That creates a context for the stronger US dollar, which is also boosted by the “flight to safety” narrative, as…
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The company said the collaboration marks the first post-trade matching tool to incorporate messaging functionality, “enabling compliance, transparency and streamlined resolution of post-trade discrepancies.” Broadridge explains that the integration allows asset managers to communicate directly with executing brokers through Symphony’s platform, streamlining post-trade issue resolution. "By integrating Symphony’s messaging functionality, we are enabling clients to…
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The fine follows an investigation by the firm into Apex’s handling of customer loans, disclosures, and supervisory systems between January 2019 and June 2023. According to FINRA, Apex entered into securities loans with certain customers without ensuring the loans were appropriate, as some customers did not receive loan fees for lending their shares. Furthermore, from…
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The firm said SPX options saw notable growth in short-dated contracts and global trading hours activity. On January 31, a record 2.42 million zero days to expiry (0DTE) SPX contracts were traded, the highest single-day volume for 0DTE options. Additionally, January 27 is said to have set a new record for global trading hours, with…
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The company’s assets under custody grew to €40.7 trillion as of the end of December, marking nine consecutive quarters of growth. Underlying interest income increased 3% year-on-year to €1.15 billion, despite a decline in the second half of 2024 due to shifting interest rates. Meanwhile, underlying business income rose 5% to €1.75 billion, supported by…
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