June 20, 2025 BY Sam Boughedda
Elon Musk's X App to Add Trading and Investing Features
According to reports, X CEO Linda Yaccarino confirmed at the Cannes Lions festival that users will “soon” be able to “transact your whole financial life on the platform.” She added that it could include paying for a pizza, “or making an investment or a trade.” The app is also reportedly developing a digital wallet and…
Read more
June 20, 2025 BY Sam Boughedda
ICE Launches Average Prime Offer Rates (APOR) Index
The index, which is updated weekly and available on the ICE Index Platform, is said to aim to complement the APOR figures currently published by the Consumer Financial Protection Bureau (CFPB). The exchange explained that ICE APOR reflects the annual percentage rates based on average interest rates, points, fees and other terms offered on prime…
Read more
June 20, 2025 BY Sam Boughedda
BMO Agrees $625m Deal to Acquire Burgundy Asset Management
The move expands the bank’s wealth management services for high-net-worth and ultra-high-net-worth clients. The transaction will see Burgundy, an independent wealth manager with around $27 billion in assets under management as of May 31, integrated into BMO Wealth Management. Burgundy’s expertise is said to be in its discretionary investment management for private clients, foundations, pensions,…
Read more
June 20, 2025 BY Sam Boughedda
American Century Investments Becomes the Latest ETF Issuer at SIX Swiss Exchange
SIX said in a release that the newly listed ETF, launched under the firm’s quantitative investment unit Avantis Investors, is actively managed and aims to outperform the MSCI World Small Cap Value Index. It targets small-cap companies from developed markets, prioritising those with lower valuations and higher profitability. The ETF trades in US dollars. “With…
Read more
June 19, 2025 BY Sam Boughedda
CME Announces Launch of Futures on Mexico's IPC Index
The S&P BMV IPC Index is Mexico's main equity index. It tracks the most liquid stocks listed on Bolsa Mexicana de Valores (BMV). CME says the new contracts will offer investors more efficient access to the Mexican equity market, tracking the performance of the S&P BMV IPC Index. The IPC Index is compiled by S&P…
Read more
June 19, 2025 BY Sam Boughedda
Citi Elects Jonathan Moulds as a New Independent Director
Moulds, who also currently serves as a senior independent director and the risk committee chair at IG Group, brings more than 25 years of international financial services experience, having held senior executive positions across the UK, US, and Asia. He is already familiar with Citi, serving as Chair of its international broker-dealer, Citigroup Global Markets…
Read more
June 19, 2025 BY Sam Boughedda
Australian Regulator ASIC Issues Infringement Notices for Equity Trustees Limited
The regulator says that between April and November 2024, the fund’s product disclosure statement, target market determination and website claimed it invested in green, sustainable and social corporate bonds. However, ASIC stated that the fund held exposure to government and supranational bonds during this period, assets inconsistent with its declared strategy focused on corporate issuers.…
Read more
June 19, 2025 BY Sam Boughedda
DTCC Central Securities Depository Subsidiary Exceeds $100 Trillion in Assets Under Custody
The new record comes as market capitalisations in the US continue to rise. As of 2025, DTC’s total assets under custody reached $100.3 trillion, up from $73.5 trillion in 2020 — a 37% increase. Growth was said to be broad-based, with equities climbing 49% to $74.1 trillion and exchange-traded funds doubling to $11 trillion. Money…
Read more
June 18, 2025 BY Sam Boughedda
Dukascopy Adds 303 New Trading Instruments
The expansion includes a wide selection of cross-currency pairs, as well as crosses involving precious metals and cryptocurrencies. The newly introduced instruments are immediately available for trading via JForex, with updates for MetaTrader 4 and MetaTrader 5 platforms expected soon. The move is part of Dukascopy’s aim to deliver a comprehensive and flexible trading environment. …
Read more