Category: Financial Services

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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February 27, 2025 BY Sam Boughedda

CME Group Posts New Daily Volume Record of 67.1 Million Contracts

This surpasses the previous record of 66.3 million contracts, set on 13 March 2023. The new milestone was said to have been driven primarily by interest rate and U.S. Treasury markets, which also recorded fresh highs.  Interest rate futures and options hit 50.9 million contracts, while U.S. Treasury futures and options reached 40.7 million contracts. …

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February 26, 2025 BY Sam Boughedda

Bank of Canada to Utilise Clearstream/TMS Group's Canadian Collateral Management Service

TMX and Clearstream said the CCMS, launched in 2024, optimises securities finance activities across the Canadian market, providing domestic tri-party repo capabilities to increase market liquidity.  It is also said to help unlock trapped collateral, improving mobility for repo transactions, securities lending, and margin requirements for derivatives. Bank of Canada Deputy Governor Toni Gravelle highlighted…

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February 26, 2025 BY Sam Boughedda

CME Group Announces First Options Trades on Bitcoin Friday Futures

It was revealed Tuesday that the transaction, a block trade, was carried out between Cumberland DRW and Galaxy and cleared by Marex. "We are pleased to see such early and strong support for these new options products," said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group. "These smaller-sized, cash-settled contracts, with expiries available…

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February 25, 2025 BY Sam Boughedda

CME Group and DTCC to Expand Existing Cross-Margining Arrangement

The companies aim to provide greater margin savings and capital efficiencies for end users by December 2025. Subject to regulatory approval, CME explained that the enhancement will enable eligible end-user clients at CME Group and the Government Securities Division (GSD) of DTCC's Fixed Income Clearing Corporation (FICC) to access capital efficiencies when trading U.S. Treasury…

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Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution
February 24, 2025 BY Sam Boughedda

Nordnet AB Selects Broadridge Shareholder Disclosure Solution

It was revealed that the leading Nordic digital investment platform has been using Broadridge’s API-based solution since September 2024, ensuring compliance with shareholder identification requests while maintaining data security across Sweden and other European markets. “We are firmly committed to the advancement of shareholder democracy throughout the financial services industry,” said Quincy Curry, Director of…

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February 24, 2025 BY Sam Boughedda

AustralianSuper Fined $27 Million After ASIC Investigation

AustralianSuper is the trustee of Australia’s largest superannuation fund. The Australian Securities and Investments Commission (ASIC) said in a recent press release that it launched an investigation into systemic failures at the country’s largest super fund, which resulted in approximately 90,700 members holding multiple accounts between 1 July 2013 and 31 March 2023.  These members…

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