Category: Financial Services

StoneX
March 12, 2025 BY Sam Boughedda

StoneX Agrees Deal to Acquire The Benchmark Company

The company said the move is aimed at strengthening its investment banking and capital markets capabilities.  The acquisition is expected to improve StoneX’s equity research, sales, trading, and investment banking services, expanding its presence in global capital markets. Benchmark is a full-service investment banking firm headquartered in New York and has been operating for over…

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money market funds
March 11, 2025 BY Sam Boughedda

Public Partners with Capitalize to Streamline 401(k) Rollovers

The partnership is aiming to allow members to consolidate retirement savings more easily.  Public will integrate Capitalize’s Rollover API, enabling users to transfer legacy 401(k) accounts into Individual Retirement Accounts (IRAs) directly on its platform. The company explained that the partnership also seeks to address the growing issue of unclaimed retirement funds.  They note that…

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Hong Kong
March 10, 2025 BY Sam Boughedda

Marqeta Partners with Spendesk to Enhance Expense Management for European SMBs

It was revealed that Spendesk, a spend management and procurement platform, will integrate Marqeta’s card processing technology into its Core Banking Platform, offering customers both physical and virtual cards with customisable spend controls.  The collaboration is expected to enhance real-time expense tracking, budget monitoring, and automated financial management for businesses. “Expense management and procurement solutions…

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saxo bank revenues
March 10, 2025 BY Sam Boughedda

Safra Sarasin Group to Acquire a Majority Stake in Saxo Bank

The majority stake was previously held by Geely Financials Denmark and Mandatum Group.  Saxo Bank will continue to operate as a standalone entity, with founder and CEO, Kim Fournais, retaining approximately 28% ownership. Fournais will also continue as CEO. The acquisition is aimed at strengthening both companies, combining J. Safra Sarasin’s wealth management expertise with…

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FINRA's 2018 volume tops 2017 activity by 87%
March 07, 2025 BY Sam Boughedda

Redbridge Securities Fined by FINRA

The regulator revealed in a filing that the failures included deficiencies in its anti-money laundering (AML) program and market manipulation oversight. According to FINRA, between September 2019 and October 2023, Redbridge, which provides self-directed trading to retail investors, failed to establish an AML program reasonably designed to detect and report suspicious activity.  The firm’s oversight…

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March 07, 2025 BY Sam Boughedda

Virtu Financial Launches Virtu Technology Solutions

The new product suite is said to be designed to provide sell-side broker-dealers with access to the firm’s advanced execution and workflow technology. The company explained that VTS repackages Virtu Execution Services’ (VES) existing capabilities, which have long been used by institutional clients to enhance market access, trade execution, and analytics.  With this expansion, Virtu…

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financial buildings
March 07, 2025 BY Sam Boughedda

American Express to Buy Software Firm Center

The move is said to be aimed at enhancing its corporate and small business payment solutions. The acquisition is expected to close in the second quarter of 2025. Center’s software integrates real-time expense tracking, automated accounting, and policy compliance tools, streamlining financial operations for businesses.  It is expected that American Express will combine the technology…

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March 06, 2025 BY Sam Boughedda

CF Benchmarks Adds Crypto.com Exchange to Bitcoin and Ether Indices

Effective 31 March 2025, the firm said Crypto.com’s market data will be integrated into CF Benchmarks’ CME CF Bitcoin-Dollar Indices, CME CF Ether-Dollar Indices, and CME CF Ether-Bitcoin Ratio benchmarks.  The addition is expected to strengthen the representativeness and integrity of CF Benchmarks’ pricing products, which now draw data from eight constituent exchanges. “As the…

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Euronext
March 06, 2025 BY Sam Boughedda

Euronext Expands Clearing Services to Cover Crypto ETPs

The company said the move, effective from 3 March 2025, “marks a significant step in integrating digital assets into the regulated financial ecosystem.” They note that investors will have access to a wider selection of crypto ETPs while the firm ensures security and regulatory compliance. The expansion allows investors to trade crypto-backed ETPs with the…

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