The inclusion was effective from the start of trading on Friday (17 January 2025). “Plus500's inclusion in this widely followed, European-wide index is another testament to the strategic, operational and financial progress that the Group has made in recent years,” said the company The addition to the STOXX Europe 600 Index underscores Plus500's success in…
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The Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Act 2024, which received royal assent on 10 December 2024, extends the National Credit Code to BNPL contracts. ASIC explained that from 10 June 2025, BNPL providers will need to hold a credit licence authorising them to engage in credit activities as credit…
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The firm revealed its AUM fell by 2.9% to $9.9 billion, down from $10.2 billion at the end of June 2024. The decline was attributed to net investment outflows of $564 million, primarily driven by client rebalancing and asset allocation changes amid strong market returns. The Emerging Markets (EM) and International Equity strategies were said…
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The enhancement is said to be a key component of Broadridge’s OpsGPT application and aims to streamline trade data analysis and operational reporting. The company explained that the GenAI-powered functionality allows users to generate insights and visualisations from their trade data using natural language, effectively eliminating the need for complex data migrations. “Integrating this AI…
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The company explained in a press release that the collaboration is expected to enhance the payment capabilities available to travel businesses, offering transaction processing across various global markets. The partnership allows travel businesses using Outpayce's XPP to access Nuvei's expansive suite of payment solutions. They add that the integration simplifies the adoption process by providing…
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The move comes as the company seeks to join the ranks of publicly traded firms offering both stock and cryptocurrency trading. Founded in 2007, eToro operates as a "social investment network," allowing its global user base to trade a variety of assets, including fractional equities and cryptocurrencies. The platform’s initial attempt to go public via…
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The company said in its third-quarter results that its growth was driven by its expanding customer base, which now totals over 9 million active users, marking a 20% increase from the previous year. The company's Wise account balances also saw a significant boost, growing by 26% to £16.2 billion. Continued adoption of the Wise account…
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The company announced the move in its 2024 pre-close trading update on Thursday, explaining that it is aimed at aligning the company's operational structure with its growth ambitions and improving operational leverage. The decision comes in response to challenging market conditions, including a stronger dollar, reduced aid flows, and political uncertainty impacting demand for cross-border…
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The move is expected to bolster IG's trading and investment offerings in the UK, helping to expand its reach to new customer segments and enhance its technological capabilities. The deal will be funded in cash from IG’s existing capital resources. Completion is expected in mid-2025. Breon Corcoran, CEO of IG, said it is a “rare…
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It marks the inaugural product under its newly introduced platform, Equiti Wealth, aimed at offering diverse wealth management solutions tailored to long-term investment needs. The Equiti Global Balanced Fund is designed to provide investors with access to a wide array of professionally managed funds, with a minimum investment threshold set at $1,000. "Today signifies a…
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