HSBC currently owns about 63% of Hang Seng and plans to acquire the remaining shares at HK$155 per share, representing a 33% premium over the bank’s 30-day average price of HK$116.50. If approved, Hang Seng would become a wholly owned subsidiary of HSBC Asia Pacific and be delisted from the Hong Kong Stock Exchange. “Our…
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Pedro Rodeia joins as Group Executive, Australia Retail; Christine Palmer becomes Group Chief Risk Officer; and Donald Patra assumes the role of Group Chief Information Officer. All three will report to Chief Executive Officer Nuno Matos. “I am very pleased to appoint three world-class executives to these critical roles,” Matos said. “The deep experience they…
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The acquired firm will be renamed Mitrade Markets Pty Ltd, marking Mitrade’s fifth licence globally. The move strengthens Mitrade’s long-term growth strategy across Africa, the Middle East, and Latin America, as it seeks to capture rising retail participation in emerging markets. Mitrade noted that trading activity in regions such as MENA and LATAM has been…
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The company said the integration consolidates Finalto’s previously fragmented compliance tools into a single platform, designed to improve the detection of suspicious activity, enhance reporting accuracy, and streamline compliance operations. The system will also strengthen Finalto’s adherence to MiFID II regulations, while reducing the operational workload for its compliance teams. Finalto said its decision was…
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Hoornweg, who previously served as Co-Head of CIB, will continue overseeing markets in the Americas, Europe, Africa and the Middle East. Oversight of ASEAN and South Asia will transition to Judy Hsu, who will retain her roles as CEO of Wealth and Retail Banking and Head of Greater China and North Asia. Hoornweg has over…
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The collaboration will initially introduce contracts for fat-filled milk powder and high-protein whey, before expanding to other dairy products. The instruments will be available on StoneX Plus, allowing users to trade directly using Expana’s benchmarks and gain greater insight into market pricing and volatility. “This collaboration marks a major milestone for the dairy industry,” said…
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As part of the deal, ICE will become the exclusive global distributor of Polymarket’s event-driven data, providing institutional investors with new sentiment indicators on global events, from politics to markets and sport. The companies also plan to collaborate on tokenisation initiatives to expand blockchain-based market applications. “Our investment blends ICE, the owner of the New…
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The licence enables BitGo MENA to offer spot trading in thousands of digital assets and stablecoins through its integrated OTC trading desk and electronic trading platform. The company said clients will gain aggregated access to liquidity from leading market makers and exchanges, benefiting from competitive pricing, fast execution, and institutional-grade security. “Receiving our broker-dealer licence…
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The collaboration integrates Finery Markets’ liquidity and infrastructure technology into B2TRADER, giving clients direct access to institutional-grade spot liquidity from top-tier providers. The integration is said to allow anonymous trading, efficient credit intermediation and streamlined post-trade settlement, which the firm says delivers higher reliability and execution quality in digital asset markets. “We selected Finery Markets…
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The deal will integrate Macro Hive’s AI-powered data analytics and strategy capabilities across BGC’s Rates and FX markets, enhancing its global broking and execution platform for institutional clients. Macro Hive’s co-founders, Bilal Hafeez and Andrew Simon, will join BGC to help drive innovation and accelerate the integration of analytics within the firm’s trading infrastructure. “Adding…
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