The SEC alleges that Cumberland has been engaged in buying and selling crypto assets offered and sold as securities for its own accounts since at least March 2018. According to the SEC, as part of its complaint, Cumberland acted as a dealer by trading crypto assets via its Marea online trading platform and by engaging…
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The company said in a release that the proposed offer values CAB Payments at £1.45 per share, consisting of both cash and a full share alternative. The offer represents an 18% premium over CAB Payments' stock price of 123 pence. CAB Payments was listed on the London Stock Exchange in July last year. However, its…
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The new options, which will trade under the ticker UX, are expected to provide investors with an additional tool to manage U.S. equity market volatility. They will complement Cboe's existing securities-based VIX Index options and may allow more market participants to trade a VIX options product. Cboe's VIX Index options have seen record trading volumes…
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The company explained that the SFCM platform will provide it with essential functionalities to manage its securities lending operations, including collateral management, trade lifecycle management, and risk assessment. They expect it to streamline processes, enhance transparency, and ensure compliance with regulatory requirements. "Broadridge's advanced solution provides the essential system functionalities to enable us to offer…
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The collaboration will see Stripe leverage NVIDIA's GPUs and AI software to improve its fraud detection capabilities and provide businesses with enhanced AI tools. By enabling developers and enterprises to prepay for select NVIDIA cloud services, Stripe said it aims to make NVIDIA's AI platform more accessible to a wider audience. "NVIDIA is one of…
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The index is designed to track the performance of Artificial Intelligence companies and the Real World Assets (RWAs) driving generative AI. The index comes at a time when the global AI market is experiencing rapid growth, projected to reach $1.3 trillion by 2032. With 92% of Fortune 500 companies integrating generative AI into their operations,…
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The collaboration aims to address the evolving payment needs of businesses operating platforms and marketplaces across Europe. The Embedded Payments solution integrates OPP's specialised payment technology, designed specifically for platforms, with Worldline's acquiring and acceptance expertise, as well as point-of-sale (POS) capabilities. Key features include split payments, advanced escrow management, and mediation handling, all of…
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The landmark collaboration marks the first time a global broker has offered foreign investors direct ownership and trading of securities listed on the Saudi Exchange. Interactive Brokers said its clients are now able to invest in Saudi equities alongside global stocks, options, futures, bonds, funds, and more from a single unified platform. The partnership was…
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Instantia, which offers users a client-centric way to manage currency exchange, FX strategies, and cross-border payments, was said to be drawn to ION FX's comprehensive end-to-end processing functionality for FX cash and derivative products. ION added that Instantia also appreciated the ability to customise the user interface through ION APIs, which they believe improves the…
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PureStream, which is already available in the US and Canada, is expected to be introduced on Nasdaq Europe in the first quarter of 2025, subject to regulatory approval, the company said in its press release on Tuesday. PureStream is said to be designed to facilitate interactions between institutional investors with a common execution goal, enabling…
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