The deal, which is still subject to regulatory and antitrust approvals as well as negotiations with the Works Council in Germany, will see all custody staff, assets and clients transfer to BNP Paribas. HSBC said a phased transition is expected to begin in early 2026. The custody unit being divested provides domestic custody, clearing and…
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The partnership aims to enhance margin efficiency for clients active in foreign exchange markets. According to a press release, the initiative will allow clients who access FX Futures through Marex and use NatWest’s FX prime brokerage services to benefit from margin offsets. This is expected to reduce collateral requirements while maintaining clients’ preferred trading relationships.…
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Effective from 1 June 2025, the policy provides coverage of up to $1 million per client in the event of the company’s insolvency. The insurance, underwritten by Lloyd’s of London, operates independently of the Investor Compensation Fund (ICF), which already protects eligible retail clients under CySEC regulations for up to €20,000. Capital.com said the additional…
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The cryptocurrency exchange explained in a press release that the products are designed to replicate the functionality of global perpetual futures while remaining fully compliant with the Commodity Futures Trading Commission (CFTC) regulations. Perpetual futures are said to dominate international crypto markets, accounting for more than 90% of trading activity in some estimates. However, such…
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According to the companies, the move is designed to help retail investors achieve their long-term financial goals through target-date strategies. The portfolios are said to automatically adjust asset allocation and risk exposure over time, shifting from growth-focused equity investments to more conservative fixed income as the target date approaches. eToro explained that each portfolio is…
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ECB Cuts The European Central Bank (ECB) led the charge with a deposit facility rate cut, emboldened by inflation settling near its 2% target and an improving, albeit gradual, economic recovery within the Eurozone. Lower energy prices, coupled with slower wage growth and a stronger euro, have provided the ECB with the necessary leeway to…
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The recent news follows a period of significant activity for IC Markets, with the company actively expanding its global footprint with new licenses and strategic hires. The firm recently secured a license in the United Arab Emirates (UAE), enabling it to tap into the burgeoning Middle East market. This move aims to provide traders in…
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The Canadian market entry is the latest in a series of strategic initiatives undertaken by Plus500 to fuel growth. In March, the company acquired Indian financial services firm Mehta Equities for approximately $20 million, signaling its intent to tap into emerging markets. This acquisition, coupled with regulatory approvals in regions like the UAE, demonstrates Plus500's…
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The MiCA framework, which became fully applicable in December 2024, represents a watershed moment for the crypto industry in Europe. It aims to provide a harmonized regulatory structure, fostering innovation while simultaneously safeguarding consumers and investors, and combating money laundering and other illicit activities. By achieving this milestone, Kraken has not only validated its commitment…
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The HKMA's Stablecoin Ordinance is expected to provide much-needed regulatory clarity, potentially fostering greater institutional adoption of stablecoins like USDC. This move aligns with similar regulatory efforts in the United States, where lawmakers have been actively working towards establishing a comprehensive legal framework for stablecoins. These developments are viewed as crucial steps in legitimizing stablecoins…
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