Category: Financial Services

November 22, 2024 BY Sam Boughedda

Wedbush Supports 24-Hour US Equity Trading For Correspondent Clients

The financial services firm said in a press release that the new capability, which complements its existing 24-hour futures trading, provides increased flexibility and access to US markets for investors. By enabling 24-hour equity trading, Wedbush said it “empowers investors” to capitalise on market movements during off-peak hours, particularly benefiting investors in Asia and other…

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HKEX
November 22, 2024 BY Sam Boughedda

HKEX Appoints Chief Sustainability and Group Chief Communications Officer

The company revealed that in his new role, Chow will be responsible for driving HKEX’s sustainability strategy, ensuring ESG considerations are integrated into all aspects of the company’s operations.  He will also continue to lead the Group’s legal and secretarial services functions as Group General Counsel. Chow joined HKEX in April 2021 as Group General…

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Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution
November 21, 2024 BY Sam Boughedda

Broadridge Boosts Structured Product Trading with Tbricks Enhancements

The fintech firm said the advancements are designed to revolutionise global trading operations for structured products, letting financial institutions quote hundreds of thousands of products across multiple markets and distribution channels simultaneously. "This transformative development marks a significant leap forward in simplifying and optimizing trading for structured products," commented Konstantin Romanov, Global Head of Principal…

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November 21, 2024 BY Sam Boughedda

eToro Obtains New York License, Announces Launch

The company announced its launch in New York on Tuesday, making its services available to eligible investors in all 50 states. This development was confirmed by a tweet from the New York Stock Exchange (NYSE) on Wednesday, highlighting the importance of eToro's entry into the state.  “Major news from @eToro — the world’s largest social…

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StoneX
November 20, 2024 BY Sam Boughedda

StoneX Sees Increased Volumes Across Majority of Operating Segments in Q4

The global financial services network reported on Tuesday that in the fourth quarter, it saw a strong performance across its operating segments and products, despite relatively low market volatility. The company's fourth-quarter net income surged 51% to $76.7 million, with diluted earnings per share (EPS) of $2.32 and a return on equity of 18.5%. Quarterly…

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November 19, 2024 BY Sam Boughedda

Aquis Exchange Chair Glenn Collinson Steps Down

Collinson’s decision to step down due to personal reasons comes as Aquis is set to be acquired by SIX Exchange Group AG.  The company said Collinson believes this is an opportune moment for him to hand over the reins to Deirdre Somers, who has been appointed as the new Non-Executive Chair. Somers has a wealth…

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November 19, 2024 BY Sam Boughedda

Revolut Awarded Trading License From FCA

The new license enables Revolut to offer trading services on UK and EU-listed stocks and ETFs to its millions of customers. The move comes after Revolut has already made strides in the investment space, offering US stock trading since 2019. With the new license, the company aims to further diversify its product range and cater…

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ATFX
November 18, 2024 BY Sam Boughedda

ATFX Connect Strengthens Centroid Solutions Collaboration to Enhance Market Liquidity

The company explained that the strengthened collaboration aims to enhance market connectivity and liquidity for its clients of all sizes. They state that by integrating Centroid's bridge technology, brokers can directly connect to top-tier liquidity providers, resulting in faster execution speeds and reduced latency.  The partnership is said to offer several key benefits to brokers,…

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LME proposes requirements for the responsible sourcing of metal in listed brands
November 15, 2024 BY Sam Boughedda

LME Clear Unveils Proposals to Boost Market Resilience

Outlined in a consultation released on 14 November, the proposals include raising minimum capital requirements for clearing members, capping mutualised default fund contributions, and introducing anti-procyclicality controls. The company explained in a press release that the proposed increase in minimum net capital requirements for clearing members—from $10 million to $30 million—aims to align LME Clear…

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