The payments giant said in a press release that it now handles transactions equivalent to 1.3% of global GDP and is used by half of the Fortune 100, including major corporations such as NVIDIA, PepsiCo, and Comcast. In their annual letter, co-founders Patrick and John Collison attributed the company’s rapid expansion to its AI-driven payment…
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Murphy, who has been with Mastercard since 2000 and served as Chief Administrative Officer since 2021, will now oversee global regulatory relationships and other strategic initiatives. Mastercard CEO Michael Miebach praised Murphy’s long-standing contributions, stating, "Tim has played an instrumental role at Mastercard for more than two decades… embedding our values into every aspect of…
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The companies expect the collaboration to enhance efficiency and transparency in off-book trading. The partnership enables firms to use their existing clearing broker relationships to trade Eurex equity options, futures, and FX derivatives, removing the need for tri-party agreements with Eurex Market Makers. The integration will electronify the European off-book market. André Eue, Head of…
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This surpasses the previous record of 66.3 million contracts, set on 13 March 2023. The new milestone was said to have been driven primarily by interest rate and U.S. Treasury markets, which also recorded fresh highs. Interest rate futures and options hit 50.9 million contracts, while U.S. Treasury futures and options reached 40.7 million contracts. …
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Vacheron succeeds Marc-Henri Desportes, who has served as interim CEO since October 2024. The company said in its press release that Vacheron brings over 30 years of experience in payments, banking, and retail. He previously served as CEO of BPCE Payments, where he helped modernise the payments division of Groupe BPCE, one of Europe’s largest…
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TMX and Clearstream said the CCMS, launched in 2024, optimises securities finance activities across the Canadian market, providing domestic tri-party repo capabilities to increase market liquidity. It is also said to help unlock trapped collateral, improving mobility for repo transactions, securities lending, and margin requirements for derivatives. Bank of Canada Deputy Governor Toni Gravelle highlighted…
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It was revealed Tuesday that the transaction, a block trade, was carried out between Cumberland DRW and Galaxy and cleared by Marex. "We are pleased to see such early and strong support for these new options products," said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group. "These smaller-sized, cash-settled contracts, with expiries available…
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The online brokerage added that Soleiman, who took on the role in September 2023, will remain with the firm for a transition period to ensure an orderly handover. Soleiman has been with CMC Markets since 2005. Prior to his role as CFO, he held several positions within the company, including serving as Head of CMC…
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The companies aim to provide greater margin savings and capital efficiencies for end users by December 2025. Subject to regulatory approval, CME explained that the enhancement will enable eligible end-user clients at CME Group and the Government Securities Division (GSD) of DTCC's Fixed Income Clearing Corporation (FICC) to access capital efficiencies when trading U.S. Treasury…
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The formal segment began with an opening speech from ATFX Group Chairman, Joe Li, in which he shared his “3H philosophy” of being Hungry, being Humble, and having Heart, encouraging employees to stay driven, grounded, and passionate in their roles. He highlighted ATFX’s 2025 slogan, “Illuminate the Future Spectrum”, which emphasizes the dynamic and unified…
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