On Wednesday, ICE Futures US revealed it has fined Novum Energy Trading Corp $35,000 for violating exchange rules related to trade practices and block trading requirements. The firm said the fine was issued following an investigation into trading activity between February and June 2023. According to a disciplinary notice published by the exchange, one of…
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According to FINRA, between April 2009 and May 2023, NFS failed to transfer over 5,600 Unit Investment Trusts (UITs) through the Automated Customer Account Transfer Service (ACATS). Additionally, the firm reportedly did not process approximately 4,000 of these UITs as in-kind transfers, despite customer instructions, instead redeeming them for cash. FINRA found that some transfers…
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The deal is expected to strengthen Fiserv’s position in the European payments market, enabling it to accelerate the deployment of its Clover platform while enhancing its merchant and partner network across the Netherlands, Belgium, and Germany. Financial terms of the acquisition were not disclosed. Founded in 1958 in Arnhem, CCV has a long history of…
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The financial solutions provider saw 20% organic revenue growth, excluding contributions from Cobase, which was acquired in late 2023. Revenue from the Private Markets (formerly labelled institutional) division increased 20% to £69 million, while the Corporate division grew 21% to £63.8 million. Cobase contributed £2.9 million, up from just £0.2 million in the prior year.…
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The investment platform is getting closer to going private, with the company receiving a court sanction on Tuesday for its £5.4 billion deal with an international consortium to take the company private. The consortium includes firms such as CVC capital partners, Abu Dhabi's sovereign wealth fund and Swedish private equity firm Nordic Capital. Stirling, who…
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The collaboration will integrate Acuity’s AI-powered financial analytics with interop.io’s FDC3 framework. It is expected to create a “seamlessly interconnected financial ecosystem.” It is expected to provide real-time market insights within existing workflows, eliminating the inefficiencies of fragmented data sources. “Institutions demand seamless data integration to support workflows and maintain a competitive edge,” Acuity Trading…
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The companies said that under the extended agreement, Nasdaq’s central securities depository (CSD) platform will be adopted by all three exchanges. The move is aimed at streamlining operations, reducing costs, and increasing liquidity across the region. It builds on Nasdaq’s existing collaboration with nuam, which is already integrating its trading infrastructure with Nasdaq’s technology. “Having…
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At launch, the online brokerage said that traders would be able to speculate on the Federal Reserve’s interest rate decision for May and the men’s and women’s College Basketball Tournaments. “We believe in the power of prediction markets and think they play an important role at the intersection of news, economics, politics, sports, and culture,”…
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The ETF is the first managed futures UCITS ETF available in the region. The company said the fund is now listed on Euronext Paris and will soon be available on the London Stock Exchange in sterling. It mirrors the US-listed iMGP DBi Managed Futures Strategy ETF, which is managed by DBi, a specialist in hedge…
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ASIC is also seeking the appointment of a receiver and manager over the personal property of Falcon director David Anderson. The move follows a court-ordered asset freeze in February 2025 amid concerns over First Guardian’s management. Withdrawals from the fund have been suspended since May 2024, with limited exceptions. ASIC alleges that $274 million of…
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