The FCA stated in a release that it decided to fine Mr Woodford £5.89 million and ban him from senior management and fund management roles for retail investors. WIM faces a proposed fine of £40 million. Both parties have referred the decision notices to the Upper Tribunal and may contest the FCA’s findings. The FCA…
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The financial technology firm reported its Q4 results after the close on Tuesday. Recurring revenues grew 7% year-on-year to $1.42 billion, driven by new business and internal growth. Operating income rose 13% to $499 million, with the margin increasing to 24.1% from 22.7% a year earlier. Net earnings climbed 16% to $374 million. Adjusted earnings…
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The deal, first announced in March, sees Benchmark’s team and operations integrated into StoneX’s Institutional division. The Benchmark brand will be retained in the near term to maintain client continuity. Benchmark is known for its strong client relationships and expertise in sectors such as technology, industrials, consumer and healthcare. The firm provides investment banking, equity…
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In the exchange’s trading volume update for July, it said SPX options recorded an average daily volume (ADV) of 2.2 million contracts in 0DTE trades, while XSP options reached an ADV of 60,000 contracts, both setting new monthly records. On July 31, SPX options also marked their third most active trading day on record, with…
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Cboe becomes only the second U.S. venue to cross the threshold, solidifying its position as a key player in the expanding ETF ecosystem. Cboe BZX Exchange, Inc. has welcomed 185 new ETFs so far in 2025, spanning derivatives, global equities, fixed income and cryptocurrency-based strategies. U.S. ETF listings on the platform have grown over 70%…
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The move follows Figma’s U.S. market debut on 31 July, which saw shares surge 250% on the first day of trading. Priced at $33 per share in its initial public offering, Figma closed at $115.50 on day one, valuing the company at around $68 billion. However, it has since declined and now trades just above…
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KeyInvest, a life insurance company and friendly society primarily offering funeral bonds, was subject to an independent review at APRA’s request. The review is said to have uncovered deficiencies in its risk controls and raised concerns over board oversight of long-term strategic objectives. As a result, APRA applied a $5.5 million operational risk capital add-on…
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Although down from the July 2024 record of 24.8 million contracts, July 2025 still marked a strong performance across several asset classes, with notable growth in cryptocurrency and metals products. Cryptocurrency products posted a record monthly ADV of 302,000 contracts, equating to $13.6 billion in notional value. This is said to have included all-time highs…
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Liot originally joined Aquis as Head of Technology Development and is said to have played a pivotal role in delivering some of the company’s most significant technology projects. The firm added that he has also implemented robust development processes and workflows aimed at enhancing performance and long-term resilience. Prior to Aquis, Liot held senior roles…
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The collaboration will see Centroid integrated into XS.com’s liquidity distribution network, enabling clients to access XS.com’s premium liquidity across multiple asset classes, including forex, metals, energy, commodities, indices and CFD shares. Wael Hammad, Chief Commercial Officer at XS.com, said: “We look forward to this partnership with Centroid to deliver even greater value and satisfaction to…
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