Infinox
June 17, 2025 BY Sam Boughedda

INFINOX Appoints Ricardo Grados to Lead EFX Institutional Sales in LATAM

The move is part of the company’s strategy to expand its institutional footprint across key global markets. Grados brings over 15 years of experience in the electronic foreign exchange space, having worked with leading institutions and liquidity providers.  In his new role, he will focus on strengthening INFINOX’s institutional services and cultivating long-term partnerships throughout…

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June 17, 2025 BY Sam Boughedda

BNP Paribas Securities Fined $600,000 By Nasdaq Phlx

In a Letter of Acceptance, Waiver and Consent published by Nasdaq Phlx, the firm was said to have violated multiple recordkeeping and supervisory rules, including US securities law and Phlx’s own procedural standards.  Specifically, the firm reportedly failed to correctly record order receipt, transmission and execution times for an estimated 139,511 manually routed options trades.…

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June 17, 2025 BY Sam Boughedda

BTIG Launches Hedge Fund Solutions Group

The firm said in a release that the new division will offer advisory services focused on business strategy, infrastructure, compliance, talent, technology and due diligence.  Furthermore, it will work in coordination with BTIG’s institutional business, outsource trading, and prime brokerage teams. Paul Covello and David Gold have been appointed Co-Heads of the U.S. division. Covello…

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financial buildings
June 17, 2025 BY Sam Boughedda

Euroclear Partners with Meritsoft and Taskize to Launch AI Service

Running on Microsoft Cloud, the firm explained that EasyFocus+ will deliver real-time data, predictive analytics, and exception resolution across Euroclear’s network of Central Securities Depositories (CSDs), which handle over 60% of EU settlements.  The initiative is said to be a key step in Euroclear’s strategy to foster a harmonised, pan-European settlement experience and advance the…

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Clearstream
June 16, 2025 BY Sam Boughedda

Clearstream Plans ClearstreamXact Enhancements

Clearstream explained that the initiative follows successful efforts in standardising processes and reporting for Asset Servicing. The primary objective of these enhancements is to align Clearstream's service offering with T2S and Swift standards, while also achieving greater harmonisation between CBF and CBL.  This is expected to allow CBF legacy clients to transition to ClearstreamXact and…

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June 16, 2025 BY Sam Boughedda

Jingle Pay Partners with Western Union on Cross-Border Money Transfers

Under the new agreement, Jingle Pay stated that it will serve as a “key partner for Western Union,” supporting the flow of cross-border money transfers directly to bank accounts and mobile wallets.  This positions Jingle Pay as a key remittance partner within Western Union's extensive global network. Amir Fardghassemi, Chief Executive Officer of Jingle Pay,…

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June 16, 2025 BY Sam Boughedda

GCEX Appoints Stanislav Bunimovich as Managing Director, APAC and Strategic Adviser to the CEO

Bunimovich will be based in Australia and is expected to spearhead GCEX’s expansion across the Asia-Pacific region. Bunimovich's primary focus will be on onboarding hedge funds, brokers, family offices, and professional traders under GCEX's regulated U.K., Danish, and Middle East entities.  His mandate includes driving growth across GCEX’s comprehensive product offering, with a particular emphasis…

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Euronext
June 16, 2025 BY Sam Boughedda

Euronext Clearing’s Collateral Management Capabilities to Be Strengthened Through Clearstream Partnership

The collaboration is expected to strengthen Euronext Clearing’s infrastructure. The companies said it will provide scalable and efficient clearing solutions for European and international market participants. Under the agreement, Clearstream will serve as a triparty agent (TPA) for Euronext Clearing, offering advanced collateral management capabilities.  The firm added that clients are set to benefit from…

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June 13, 2025 BY Sam Boughedda

Coinbase to Launch One Card on the American Express Network

Unveiled at Coinbase’s State of Crypto Conference, the card will be issued by First Electronic Bank and provided in partnership with fintech firm Cardless.  Coinbase added that it will be available exclusively to U.S.-based members of Coinbase One. The full launch is expected this autumn. Will Stredwick, senior vice president of Global Network Services at…

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June 13, 2025 BY Sam Boughedda

ASIC Cancels Financial Services Group Australia's AFS Licence

ASIC said FSGA had failed to ensure that two of its representatives provided financial advice appropriate to clients’ circumstances or in their best interests.  The company also lacked adequate financial and human resources, failed to lodge financial statements and breach reports on time, and did not comply with licence conditions requiring its assets to exceed…

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