The company said the business saw over $1.05 trillion in average daily notional volume (ADNV) traded. The milestone surpassed February’s ADNV of $909 billion, driven by strong activity across U.S. Treasuries, U.S. and EU Repo, and European Government Bonds. Among the key figures for 3 March, were the U.S. Repo, which saw an ADNV of…
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The partnership is aiming to allow members to consolidate retirement savings more easily. Public will integrate Capitalize’s Rollover API, enabling users to transfer legacy 401(k) accounts into Individual Retirement Accounts (IRAs) directly on its platform. The company explained that the partnership also seeks to address the growing issue of unclaimed retirement funds. They note that…
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The company said the expansion allows traders to access Micro Corn, Micro Soybean, Micro Soybean Oil, Micro Soybean Meal, and Micro Wheat futures, offering greater flexibility in agricultural markets. John Bartleman, President and CEO of TradeStation Group, Inc., highlighted the advantages of these new contracts: “We are excited to expand our futures offerings with CME’s…
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Khan, a veteran of the institutional brokerage industry, brings over 20 years of experience in business transformation, revenue generation, and strategic planning, having previously held senior leadership roles at FXCM/Stratos Group. ATFX explained that in his new role, Khan will focus on expanding ATFX Connect’s institutional services, refining product strategies, and strengthening key client relationships. …
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It was revealed that Spendesk, a spend management and procurement platform, will integrate Marqeta’s card processing technology into its Core Banking Platform, offering customers both physical and virtual cards with customisable spend controls. The collaboration is expected to enhance real-time expense tracking, budget monitoring, and automated financial management for businesses. “Expense management and procurement solutions…
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The majority stake was previously held by Geely Financials Denmark and Mandatum Group. Saxo Bank will continue to operate as a standalone entity, with founder and CEO, Kim Fournais, retaining approximately 28% ownership. Fournais will also continue as CEO. The acquisition is aimed at strengthening both companies, combining J. Safra Sarasin’s wealth management expertise with…
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The regulator revealed in a filing that the failures included deficiencies in its anti-money laundering (AML) program and market manipulation oversight. According to FINRA, between September 2019 and October 2023, Redbridge, which provides self-directed trading to retail investors, failed to establish an AML program reasonably designed to detect and report suspicious activity. The firm’s oversight…
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The new product suite is said to be designed to provide sell-side broker-dealers with access to the firm’s advanced execution and workflow technology. The company explained that VTS repackages Virtu Execution Services’ (VES) existing capabilities, which have long been used by institutional clients to enhance market access, trade execution, and analytics. With this expansion, Virtu…
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The move is said to be aimed at enhancing its corporate and small business payment solutions. The acquisition is expected to close in the second quarter of 2025. Center’s software integrates real-time expense tracking, automated accounting, and policy compliance tools, streamlining financial operations for businesses. It is expected that American Express will combine the technology…
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As part of its participation, Gerardo Sanchez, Partner Relationship Manager, delivered an insightful talk titled “Do operating costs really impact your trading results?” This presentation explored how trading costs such as spreads, execution quality, and slippage can influence profitability, providing traders with valuable knowledge to refine their strategies. The event provided an excellent platform for…
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