Category: Financial Services

Standard Chartered bank HQ
December 12, 2024 BY Sam Boughedda

Standard Chartered and Paxos Announce Partnership

Through the collaboration, the company explained that Standard Chartered will deliver a range of services, including cash management, trading, and custody, strengthening the infrastructure supporting USDG and USDL in Singapore and the UAE.  According to Paxos, both stablecoins are fully backed by US dollar reserves and operate under strict regulatory oversight. The company added that…

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December 11, 2024 BY Sam Boughedda

FxPro Announces Digital Banking Product BankPro

The financial services and trading firm explained in a press release that BankPro combines private banking services with advanced investment and trading capabilities, offering an all-in-one application tailored to individual and corporate financial needs. The company added that it has leveraged its 25 years of expertise and $120 million in Tier 1 company capital. BankPro…

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Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution
December 11, 2024 BY Sam Boughedda

First Abu Dhabi Bank Picks Broadridge to Help Build Agency Securities Finance Business

Broadridge explains in its press release that the partnership "marks a significant milestone in the expansion of securities finance within the UAE and the broader Middle East region." By utilising Broadridge's advanced Securities Finance and Collateral Management (SFCM) solution, FAB will be able to broaden its reach in global fixed income and equity markets. Darren…

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December 11, 2024 BY Sam Boughedda

Trading Technologies to Offer Access to European Power Market Nord Pool

The move enables clients to access Nord Pool, Europe’s leading physical power spot market, through TT’s advanced trading platform starting this December. This integration complements TT’s existing access to EPEX SPOT, another major European power market, creating a unified platform for trading Europe’s top two intraday physical power exchanges.  The firm said market participants can…

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December 10, 2024 BY Sam Boughedda

S&P DJI and JPXI Announce Index for TSE Prime Stocks

This index aims to improve access to Japan’s evolving equity market for global investors, reflecting the rising international interest in Japanese equities. The Prime Market, one of three restructured TSE segments introduced in 2022, concentrates on firms with strong market capitalisations and corporate governance standards. It is said to align with long-term growth objectives and…

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financial buildings
December 10, 2024 BY Sam Boughedda

Danske Bank Joins Equiduct's Commission-Free Service

In a press release, Equiduct noted that Danske Bank, one of the Nordic region’s largest financial institutions, provides advanced services to retail investors for trading financial markets. The partnership expands the services available to Danske Bank’s retail clients, providing access to liquidity across 12 European markets and innovative, cost-effective real-time market data. Equiduct, a pan-European…

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Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution
December 09, 2024 BY Sam Boughedda

Broadridge Financial Launches AI-Powered Algorithm Insights Service for NYFIX

The service, which is said to be the first of its kind, is expected to boost algorithmic trading by providing buy-side firms, including asset managers and hedge funds, with real-time liquidity mapping and data-driven decision-making tools. “Algo traders will now have a quantitative, data-driven service to power critical trading decisions,” said George Rosenberger, Head of…

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Euroclear reports operating income increase of 7% in H1 2021
December 09, 2024 BY Sam Boughedda

ODDO BHF Picks Euroclear FundsPlace for Fund Distribution Services

The move aims to streamline operations, reduce complexity, and enhance efficiency for ODDO BHF’s fund assets. Euroclear, which provides post trade services, said in its press release that by utilising FundsPlace, ODDO BHF will benefit from centralised distribution processes and automated trailer fee collection, optimising revenue while mitigating operational risks. Euroclear’s platform supports over 3,000…

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December 06, 2024 BY Sam Boughedda

Tortoise Capital Advisors Gets Go-Ahead For 2 Strategic Fund Merger Proposals

The changes are said to be aimed at enhancing operational efficiency and boosting shareholder value, with the final implementations set for 23 December 2024. The first merger involves Tortoise Midstream Energy Fund (NTG) and Tortoise Energy Infrastructure Corp. (TYG). TYG will emerge as the surviving entity, maintaining its original strategy and becoming Tortoise's flagship closed-end…

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