Category: Financial Services

Euronext
February 11, 2025 BY Sam Boughedda

Euronext and Euroclear to Collaborate on Collateral Management Services

The firm explained that under the agreement, Euronext Clearing will use Euroclear as its first triparty agent, providing clients with automated and flexible collateral solutions.  The initiative is expected to expand Euronext’s leading Italian repo clearing franchise to include a wider range of European government bonds, benefiting European and international clients. Euroclear will act as…

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February 11, 2025 BY Sam Boughedda

TD Bank to Sell Charles Schwab Stake

Despite exiting its ownership position, TD said it will maintain a business relationship with Schwab via the Insured Deposit Account (IDA) Agreement. TD currently holds 184.7 million Schwab shares, representing 10.1% economic ownership. As part of the transaction, Schwab has agreed to repurchase US$1.5 billion worth of its shares from TD, conditional on the completion…

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February 10, 2025 BY Sam Boughedda

Experion Technologies and Tagit Announce Strategic Partnership

The collaboration aims to help financial institutions deliver scalable, personalised digital banking experiences for both retail and corporate clients. With over 20 years of experience, Tagit offers a Digital Banking Suite that includes solutions for retail, corporate, family banking, and digital onboarding.  By integrating the capabilities with Experion’s expertise in customisation, localisation, and compliance, the…

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February 10, 2025 BY Sam Boughedda

The FCA Increases Action Against Misleading Financial Adverts

The regulator has particularly focused on cryptoasset firms, debt solution providers, and claims management companies (CMCs). The FCA reported that 9,197 CMC promotions were withdrawn, many linked to housing disrepair and motor finance claims targeting vulnerable consumers.  Additionally, the regulator said it has ramped up enforcement against "finfluencers," resulting in 20 people being interviewed under…

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FlexTrade EMS extends Liquidnet’s Targeted Invitations
February 07, 2025 BY Sam Boughedda

FlexTrade Partners With LoopFX for Optimised FX Trading

The integration aims to enhance liquidity options and improve execution quality for asset managers and banks. LoopFX specialises in dark mid-point matching for large trades exceeding $10 million, helping reduce execution costs and minimise market impact.  With the integration, FlexTrade said FlexFX users can send orders to LoopFX without altering their existing workflows. Additionally, trading…

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Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution
February 06, 2025 BY Sam Boughedda

Broadridge Partners with Symphony to Enhance NYFIX Matching Solution

The company said the collaboration marks the first post-trade matching tool to incorporate messaging functionality, “enabling compliance, transparency and streamlined resolution of post-trade discrepancies.” Broadridge explains that the integration allows asset managers to communicate directly with executing brokers through Symphony’s platform, streamlining post-trade issue resolution.  "By integrating Symphony’s messaging functionality, we are enabling clients to…

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FINRA
February 06, 2025 BY Sam Boughedda

Apex Clearing Corporation Fined $3.2m by FINRA

The fine follows an investigation by the firm into Apex’s handling of customer loans, disclosures, and supervisory systems between January 2019 and June 2023. According to FINRA, Apex entered into securities loans with certain customers without ensuring the loans were appropriate, as some customers did not receive loan fees for lending their shares.  Furthermore, from…

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Cboe Global Markets
February 06, 2025 BY Sam Boughedda

Cboe SPX Options ADV Achieved 2nd Best Month on Record in January

The firm said SPX options saw notable growth in short-dated contracts and global trading hours activity.  On January 31, a record 2.42 million zero days to expiry (0DTE) SPX contracts were traded, the highest single-day volume for 0DTE options.  Additionally, January 27 is said to have set a new record for global trading hours, with…

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Euroclear reports operating income increase of 7% in H1 2021
February 05, 2025 BY Sam Boughedda

Euroclear's Interest Earnings Hit Record Levels in 2024

The company’s assets under custody grew to €40.7 trillion as of the end of December, marking nine consecutive quarters of growth. Underlying interest income increased 3% year-on-year to €1.15 billion, despite a decline in the second half of 2024 due to shifting interest rates.  Meanwhile, underlying business income rose 5% to €1.75 billion, supported by…

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February 05, 2025 BY Sam Boughedda

Devexperts Launches Futures and Options Trading Platform

The platform, which can be deployed out-of-the-box or customised, is said to be designed to meet the growing demand for futures products, particularly in the U.S. market. Ben Hurley, CEO of Devexperts, said: “A number of international market factors mean we are seeing ongoing interest in futures trading worldwide. This is particularly the case in…

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