Category: Financial Services

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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March 05, 2025 BY Sam Boughedda

CME Group Reports Record Monthly ADV in February

The derivatives marketplace said the surge was driven by growth across all asset classes, with new highs in interest rate products, agricultural commodities, and cryptocurrencies. The exchange’s interest rate complex reached a record ADV of 19.2 million contracts, including a record 13 million contracts in U.S. Treasury futures and options.  SOFR futures volumes also saw…

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March 05, 2025 BY Sam Boughedda

CAB Payments Appoints James Hopkinson as New CFO

Hopkinson joins the emerging markets-focused FX and payments provider immediately and will be appointed as an Executive Director pending regulatory approval. Hopkinson has over 25 years of experience in global banking, FX, and payments. He spent nearly two decades at Standard Chartered, working across Africa, Asia, and the UK, including as Global CFO of retail…

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March 05, 2025 BY Sam Boughedda

Deutsche Bank Fined €23.05m By Germany's BaFin

The fine is said to be for breaches of organisational requirements related to derivative sales, investment advice recording, and account switching delays at its Postbank branch. The largest portion of the fine—€14.8 million—was issued for Deutsche Bank’s failure to investigate and address compliance shortcomings in its sale of currency derivatives in Spain.  The bank took…

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brokeree solutions
March 03, 2025 BY Sam Boughedda

ForexVPS Integrates with Brokeree Solutions to Enhance Broker Services

The partnership is said to aim to provide brokers with enhanced hosting infrastructure and access to Brokeree’s flagship investment systems, including Social Trading, PAMM, and Prop Pulse. “This partnership provides premium hosting infrastructure, guaranteeing 99.99% uptime and around-the-clock expert support to ensure a seamless trading experience for brokers and their traders,” said Brokeree. The firm…

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February 28, 2025 BY Sam Boughedda

Italy's Consob Orders the Blackout of 4 New Websites

The affected sites include three unauthorised financial intermediaries and one website promoting financial products without a prospectus, according to the regulator. Consob said it exercised its authority under the "Growth Decree," which allows Consob to block access to fraudulent financial services operating online. The websites ordered to be blacked out are: Flowtradey (https://flowtradey.nl) State Street…

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Nomura
February 28, 2025 BY Sam Boughedda

Nomura Announces Plans to Set Up New Banking Division

The division will integrate the expertise of Nomura Trust and Banking Co., Ltd. and Nomura Bank (Luxembourg) S.A., focusing on private markets, bespoke financial products, asset building, and estate planning. The firm said the decision to launch the new division was driven by the “megatrends of inflation, the changing interest rate environment and Japan's push…

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Stripe obtains $600M funding at $95B valuation
February 28, 2025 BY Sam Boughedda

Stripe Total Payment Volume Hits $1.4T in 2024

The payments giant said in a press release that it now handles transactions equivalent to 1.3% of global GDP and is used by half of the Fortune 100, including major corporations such as NVIDIA, PepsiCo, and Comcast. In their annual letter, co-founders Patrick and John Collison attributed the company’s rapid expansion to its AI-driven payment…

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Eurex ESG
February 27, 2025 BY Sam Boughedda

Bloomberg Tradebook and Eurex Announce New Collaboration

The companies expect the collaboration to enhance efficiency and transparency in off-book trading. The partnership enables firms to use their existing clearing broker relationships to trade Eurex equity options, futures, and FX derivatives, removing the need for tri-party agreements with Eurex Market Makers. The integration will electronify the European off-book market. André Eue, Head of…

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