Hong Kong
August 08, 2025 BY Sam Boughedda

Genesis Global Appoints James Harrison as CEO

The London- and New York-based software provider serves financial markets with AI-native application development tools aimed at modernising legacy systems, reducing vendor dependencies and replacing end-user computing. “Leading Genesis has been the thrill of my career,” Murphy said. “I am deeply proud of what we have built in partnership with our inspirational clients, strategic partners…

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August 08, 2025 BY Sam Boughedda

eToro Unveils AI-Powered Marketplace and Companion to Transform Social Investing

The company said its new offerings, including a public API, AI-powered dashboards, and algorithmic trading tools, will allow vetted users known as Popular Investors to build and share bespoke strategies.  “We’re enabling our Popular Investors to innovate like top quantitative hedge funds,” said CEO Yoni Assia. The rollout includes Tori, eToro’s AI companion, which delivers…

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financial buildings
August 07, 2025 BY Sam Boughedda

Euroclear Appoints Szandra Nagyné Komócsi as Chief Internal Auditor

Szandra succeeds John Bendermacher, who is retiring after a tenure leading the group’s internal audit function.  Her appointment marks a return to Euroclear’s audit roots, having begun her career at the company in 2010 within its Internal Audit team. She brings extensive experience and a deep knowledge of the organisation to her new role.  Since…

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Stuart Brock joins oneZero as Head of Institutional Sales, UK and Continental Europe
August 07, 2025 BY Sam Boughedda

oneZero Hires Adam Collins as Head of Institutional Sales in Americas and EMEA

Based in Somerville, Massachusetts, oneZero is a global provider of multi-asset enterprise trading technology.  In his new role, Collins will oversee the firm’s institutional sales strategy and execution in both regions. Collins brings more than two decades of financial services experience, including senior roles at LSEG FX, Refinitiv, Bloomberg LP and BNP Paribas.  At Refinitiv,…

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Malaysia fx Bursa Malaysia exchange
August 07, 2025 BY Sam Boughedda

Ant International Gains Bank Negara Malaysia Class A Money Services Business Licence

The approval enables WorldFirst to expand its product suite in Malaysia, supporting small and medium-sized enterprises (SMEs) with global payment collections, foreign exchange services and treasury management.  The licence adds to WorldFirst’s portfolio of over 60 regulatory approvals worldwide. Clara Shi, Vice President of Ant International and CEO of WorldFirst, said: “The licence marks a…

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FINRA building
August 07, 2025 BY Sam Boughedda

Odeon Capital Fined by FINRA

FINRA claims that from July 2019 onwards, Odeon Capital, a New York-based broker-dealer, failed to establish a supervisory system capable of identifying potentially manipulative prearranged trading, an illegal practice where buyers and sellers collude to execute trades at predetermined prices.  FINRA found that the firm’s daily trade reports were not equipped to detect such patterns…

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Barclays office building
August 07, 2025 BY Sam Boughedda

Capitolis Secures $56 Million in Strategic Round Backed by Barclays, BNP Paribas and J.P. Morgan

Barclays and BNP Paribas join the latest group of major bank investors, which already included Citi, Morgan Stanley, State Street, UBS and J.P. Morgan.  The round also saw increased contributions from venture firms Canapi Ventures, 9Yards Capital and Greenfield Partners, all of whom backed Capitolis’ Series D in 2022. The New York-based company said the…

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Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution
August 07, 2025 BY Sam Boughedda

Broadridge Partners with Uptiq, Takes a Minority Stake in the Financial Services AI Platform

The partnership will see Uptiq’s AI platform integrated into Broadridge’s Wealth Lending Network (WLN), a digital service that connects wealth managers and advisors with lenders offering securities-based lines of credit.  The combination is designed to automate securities-based lending (SBL) workflows, deliver tailored loan insights, and enhance client outcomes. “With Uptiq’s AI-powered tools and Broadridge’s Wealth…

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August 07, 2025 BY Sam Boughedda

Fiinu to Acquire Everfex in £12 Million Deal

The acquisition, subject to shareholder approval, will constitute a reverse takeover under AIM rules, prompting a temporary suspension of Fiinu’s shares from 7.30 a.m. on 7 August. The deal includes an initial payment of £8 million through the issue of 80 million new shares at 10p each.  A further £4 million in shares may be…

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FINRA's 2018 volume tops 2017 activity by 87%
August 06, 2025 BY Sam Boughedda

D. Boral Capital Fined $125,000 by FINRA

According to a Letter of Acceptance, Waiver, and Consent published by FINRA, the firm conducted securities business on 96 days without maintaining the minimum required net capital, in violation of the Securities Exchange Act and multiple FINRA rules.  The deficiencies are said to have stemmed from improperly structured underwriting agreements, unauthorised capital withdrawals by firm…

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