FINRA building
July 21, 2025 BY Sam Boughedda

First Southern Fined $250,000 by FINRA Over Compliance Failures

FINRA revealed in a recent release that the financial services firm was fined for lapses in supervision, inaccurate reporting, and failures under the Regulation Best Interest (Reg BI) framework. The Puerto Rico-based brokerage, which employs 42 registered representatives across four offices, submitted a Letter of Acceptance, Waiver, and Consent (AWC) agreeing to FINRA’s sanctions without…

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FSRA grants DEX regulatory approval in the Abu Dhabi Global Market
July 21, 2025 BY Sam Boughedda

Daman Markets Unveils Dirham-Based UAE Stock Trading

The move allows regional traders to invest in major companies such as Emaar, ADNOC, Emirates NBD and Salik. The new offering includes Contracts for Difference (CFDs) on top Emirati stocks, enabling portfolio diversification in line with the UAE's rapidly growing capital markets.  A standout feature of the launch is said to be the introduction of…

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financial buildings
July 18, 2025 BY Sam Boughedda

Euroclear's Q2 Business Income Strong, But 'Marked by Volatility'

However, the second quarter was shaped by geopolitical uncertainty and continued market volatility, the company said. Q2 business income remained consistent with the strong first quarter, while issuances stayed robust.  “We are reporting robust results for the first half of 2025, in line with our expectations,” said Valérie Urbain, Euroclear’s CEO. “Our business income continues…

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July 18, 2025 BY Sam Boughedda

Citi and Ant International Pilot AI-Enabled Forecasting Solution

The companies explained in a press release on Friday that the programme is using artificial intelligence to improve forecasting accuracy and reduce hedging costs. The collaboration centres on Ant International’s Falcon Time-Series Transformer (TST) Model, which incorporates AI-powered time series forecasting with nearly 2 billion parameters.  Combined with Citi’s Fixed FX Rates solution, the tool…

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July 18, 2025 BY Sam Boughedda

Webull to Consolidate Crypto Entities, Reintegrate Webull Pay

The move follows Webull’s crypto trading launch in Brazil last month and is part of a broader push to expand digital asset offerings globally.  The company explained that the arrangement will see Webull Pay Inc., the parent company of Webull Pay LLC, become a subsidiary of Webull Corporation (NASDAQ: BULL).  The transaction has been approved…

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Clearstream
July 17, 2025 BY Sam Boughedda

Carlyle and Clearstream Partner to Broaden Access to Private Market Funds

The companies said in a press release that the move will simplify the process of investing in private markets and broaden access for wealth managers and their clients. They explained that by leveraging Clearstream Fund Services’ platform, Carlyle will gain exposure to more than 300 distribution partners, including major global wealth managers with strong footprints…

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financial buildings
July 17, 2025 BY Sam Boughedda

Fastmarkets Completes Annual Assurance Review, Reinforces Commitment to IOSCO Compliance

The review, conducted by BDO and completed as of June 30, 2025, assessed Fastmarkets’ methodologies and governance across key price assessments and indices spanning metals and mining, forest products, and agricultural markets.  It also included benchmarks administered by Fastmarkets Benchmark Administration Oy (FBA Oy), the group’s Finland-based entity responsible for EU Benchmark Regulation (BMR) compliance.…

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July 16, 2025 BY Sam Boughedda

Worldline Unveils AI-Powered Routing to Lift Payment Authorisation Rates

The Paris-based payments giant said on Wednesday that its AI routing solution, now live following successful pilot programmes, delivers a more than 2% improvement in authorisation rates, building on the 3% uplift already achieved through rule-based routing alone.  They noted that one pilot customer reported a revenue increase of €1.63 million from higher authorisation rates…

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