Category: Financial Services

Cboe
February 04, 2025 BY Sam Boughedda

Cboe Plans to Launch 24x5 US Equities Trading

The exchange said the expansion aims to meet increasing global demand for extended trading access, particularly from investors in Asia-Pacific markets such as Hong Kong, Japan, and Australia. Oliver Sung, Head of North American Equities at Cboe, stated, “We continue to hear from market participants globally – particularly those in Asia Pacific markets like Hong…

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Tradeweb
January 31, 2025 BY Sam Boughedda

Tradeweb Receives SEC Approval for Swap Execution Facility's SBSEF Registration

The milestone allows Tradeweb to facilitate the trading of single-name credit default swaps (CDS) for institutional clients in compliance with the SEC’s evolving regulatory framework. The approval follows the SEC’s introduction of Regulation SE, which requires any platform executing security-based swaps to register as either an SBSEF or a national securities exchange.  With the designation,…

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Sberbank launches new system for payment services SberPay
January 31, 2025 BY Sam Boughedda

AstroPay Obtains Payment Institution License for Multicurrency Wallet in Brazil

The license allows AstroPay to expand its multicurrency wallet services, offering cross-border transactions for both local and international users. With the regulatory approval, AstroPay said it aims to provide faster and more cost-effective financial solutions. Its “Pix for Foreigners” feature enables international visitors to make instant payments in Brazilian reais, reducing reliance on credit cards…

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January 30, 2025 BY Sam Boughedda

Trade Republic Launches Localised Banking Products in Italy

The announcement comes just weeks after a successful launch in France.  The company, which has over 8 million customers and more than €100 billion in assets under management, is introducing a free current account with a local IBAN and an automated tax submission system, directly competing with traditional banks. As a result of the launch,…

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financial buildings
January 30, 2025 BY Sam Boughedda

Euroclear and Microsoft Enter Multi-Year Strategic Partnership

The collaboration is expected to accelerate Euroclear’s transition into a Digital and Data-Enabled Financial Market Infrastructure, benefiting capital markets participants. The company said that by leveraging Microsoft’s cloud, AI, and analytics tools, it is aiming to drive efficiency and security within its operations.  The partnership will focus on modernising Euroclear’s customer engagement, strengthening market infrastructure,…

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CME Group
January 30, 2025 BY Sam Boughedda

CME Group Futures to Launch on Robinhood

The firm said the rollout, which begins this week, will grant eligible US customers access to a range of futures contracts across multiple asset classes. Traders on Robinhood will able to access futures contracts linked to the S&P 500, Nasdaq-100, Russell 2000, and Dow Jones Industrial Average, as well as bitcoin and ether, major FX…

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January 29, 2025 BY Sam Boughedda

The Kingdom Bank Joins MetaTrader 5 Payments Service

This integration is expected to allow traders to deposit and withdraw funds directly from the MetaTrader 5 terminal. The Kingdom Bank describes itself as a global offshore crypto-friendly fintech bank. It is based in Dominica. It is said to operate in over 80 countries and supports more than 30 currencies.  The press release states that…

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Swiss Stock Exchange
January 29, 2025 BY Sam Boughedda

SIX Executive Board Members Javier Hernani and Jochen Dürr to Depart

The firm said both executives have played key roles in the company’s expansion and international growth. Javier Hernani, who previously served as CEO of BME until November 2024, is said to have been instrumental in expanding SIX’s post-trading business since BME’s acquisition.  SIX stated that under his leadership, the Securities Services unit became one of…

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