Category: Financial Services

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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financial buildings
December 06, 2024 BY Sam Boughedda

Hong Kong Monetary Authority Fines China CITIC Bank HK$4M

The regulator said the penalty comes after an investigation into deficiencies in CITIC's transaction monitoring systems between November 2015 and July 2018. The HKMA found that CITIC's automated transaction monitoring system had failed to generate alerts for suspicious transactions due to errors in detection and core model rules. Additionally, they state that CITIC also failed…

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FINRA
December 05, 2024 BY Sam Boughedda

FINRA Fines LifeSci Capital $900,000

The regulator said in a filing that the New York-based firm, specialising in underwriting, has also been censured and required to implement a supervisory system to address these shortcomings. The fine stems from LifeSci Capital's role as lead underwriter in the initial public offering of LifeSci Acquisition II Corp., a special purpose acquisition company (SPAC),…

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financial buildings
December 05, 2024 BY Sam Boughedda

Clear Street Gets FCA Approval, Launches in the UK

The company, which aims to modernise the brokerage ecosystem, has also been granted Category 1 Ring-dealing membership by the London Metal Exchange (LME), marking a significant milestone in its global expansion strategy. Clear Street’s ambition is to grow beyond North America into the UK, Europe, and other international markets.  According to Ed Tilly, President and…

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