Category: Financial Services

Eurex enhances European ETF ecosystem with new product
March 17, 2025 BY Sam Boughedda

iM Global Partner Launches European Managed Futures UCITS ETF

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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March 17, 2025 BY Sam Boughedda

ASIC Applies For Appointment of Liquidators to Falcon Capital Limited, First Guardian Master Fund

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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March 17, 2025 BY Sam Boughedda

FalconX and StoneX Execute First-Ever CME Group Solana Futures Trade

The company said in its release that it believes the milestone highlights growing institutional adoption of digital assets and marks a significant step in expanding regulated crypto derivatives markets. "This highly anticipated launch marks a historic moment for the Solana ecosystem, allowing institutional investors to manage risk and price exposure on a regulated venue," said…

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Hong Kong SFC
March 14, 2025 BY Sam Boughedda

Hong Kong's SFC Seeks Disqualification and Compensation Orders Against Former Board of 3DG Holdings

The legal proceedings regard their alleged failure to prevent the misappropriation of HK$74.4 million in corporate funds. The SFC said it is seeking disqualification orders to bar the directors from serving in corporate roles and compensation orders to recover the lost funds.  The directors named in the case include Xu Zhigang, the company’s former CEO,…

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Broadridge
March 14, 2025 BY Sam Boughedda

Broadridge Releases Investor Pulse Interactive Tool

The latest update includes a personal rate of return metric, revealing that individual investors saw an average return of 13.5% in 2024, compared to 25% for the S&P 500 and 1.3% for the Bloomberg Aggregate Bond Index. The Investor Pulse tool, which tracks taxable and IRA accounts for nearly 50 million U.S. investors, allows users…

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March 14, 2025 BY Sam Boughedda

Italy's Consob Blocks 5 Websites

The sites affected include four illegal financial intermediaries and one website promoting an unregistered brokerage platform, Consob said in a statement.  The move brings the total number of blacklisted sites to 1,252 since July 2019, when the regulator was given the authority to block financial websites it deems as fraudulent under the "Growth Decree" and…

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Euronext
March 13, 2025 BY Sam Boughedda

Euronext Agrees Deal to Acquire Admincontrol

The firm will acquire 100% of the company from Visma. The €398 million cash deal aligns with Euronext’s "Innovate for Growth 2027" strategy, which aims to expand its SaaS business and increase subscription-based revenues.  The acquisition is expected to be completed by the second quarter of 2025, subject to regulatory approval. Admincontrol, headquartered in Oslo,…

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March 13, 2025 BY Sam Boughedda

ASIC Sues FIIG Securities for Cybersecurity Failures

The failures allegedly exposed sensitive client data over a four-year period. According to ASIC, FIIG failed to implement adequate cybersecurity measures between March 2019 and June 2023, allowing a hacker to infiltrate its IT network undetected for nearly three weeks.  This breach resulted in the theft of approximately 385GB of confidential data, affecting 18,000 clients,…

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Deutsche Börse
March 12, 2025 BY Sam Boughedda

Deutsche Börse to Provide Institutional Clients Access to Crypto

The company said late Tuesday that the service, which leverages its Crypto Finance business as a sub-custodian, is expected to launch in April 2025, providing institutions with secure and regulated access to digital assets. Jens Hachmeister, Head of Issuer Services & New Digital Markets at Clearstream, stated: “Offering crypto custody is the next step on…

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Swiss Stock Exchange
March 12, 2025 BY Sam Boughedda

SIX Launches Three-Year Growth and Profitability Program

It was explained that the initiative, Scale Up 2027, will target mid-single digit income growth and an increase in EBITDA margin from 28% to over 40% by the end of 2027. The Swiss financial market infrastructure provider reported CHF 1.6 billion in operating income for 2024, while adjusted net profit rose 12.3% to CHF 204.4…

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