Broadridge Expands Roles for Senior Leaders Doug DeSchutter and Tom Carey LeapRate

Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution

July 02, 2025 BY Sam Boughedda

Broadridge Expands Roles for Senior Leaders Doug DeSchutter and Tom Carey

DeSchutter has been appointed President of Investor Communication Solutions (ICS), after serving as Co-President since 2023. He has been with Broadridge and its predecessor companies since 2002 and played a pivotal role in launching the firm’s Customer Communications business. H He will now oversee the entire ICS division. Mike Tae, previously Co-President alongside DeSchutter, will…

July 02, 2025 BY Sam Boughedda

OTC Markets Group Announces 'Major Structural Upgrade' to US OTC Equities Markets

It replaces the former Pink Current Market with what is said to be a more transparent, rules-based tier aimed at improving disclosure and investor confidence. The newly launched market requires companies to meet specific benchmarks, including quarterly and annual financial reporting, management certifications, and up-to-date company profiles. “We’re supporting companies that choose to connect with…

July 02, 2025 BY Sam Boughedda

Santander to Acquire TSB from Sabadell in £2.65 Billion Deal

The deal will see TSB integrated into the Santander UK group, making it the third-largest bank in the UK by personal current account balances. It would also be the fourth largest when it comes to mortgages. Santander said the acquisition values TSB at 5x projected 2026 earnings after synergies and 1.45x tangible book value as…

July 01, 2025 BY Leaprate Staff

Stocks are in play as tensions decrease

The rotation of capital to the US stocks was not fully reflected for other indices: DAX, FTSE100 and Hang Seng have shown limited momentum, whereas Japanese Nikkei was more active, but still far from achieving all-time-highs. Thus, we can conclude that the “Sell America” narrative is stepping back in the agenda after resolving the crisis…

July 01, 2025 BY Sam Boughedda

CME to Launch FX Tape+

The firm explained that FX Tape+ will aggregate firm price data from its central limit order books, including FX futures, EBS Market, FX Spot+ and FX Link, providing what the company describes as a more transparent and unbiased view of FX market conditions. “By bringing together price information from our network of 1,400 institutions and…

July 01, 2025 BY Sam Boughedda

StoneX Signs Letter of Intent to Acquire Intercam’s US Wealth Management Entities

The deal marks a strategic move by the global financial services firm to deepen its presence in Latin America and broaden its investment product offering. The proposed acquisition is subject to the negotiation and signing of definitive agreements, regulatory approvals and standard closing conditions. “This transaction aligns with StoneX’s strategy of expanding its global wealth…

July 01, 2025 BY Sam Boughedda

XS.com Appoints Marcus Ng as Regional Director for APAC

The move strengthens the multi-asset broker’s leadership team as it aims to accelerate growth across key Asian markets. Ng brings more than 15 years of experience in the financial services industry, having held senior roles at top brokerages and fintech firms throughout the region. His background includes developing regional strategies, building high-performing teams and leading…

July 01, 2025 BY Sam Boughedda

Robinhood Launches Stock and ETF Tokens in the EU

Announced at its “To Catch a Token” event in Cannes, France, the company revealed that European customers can now access more than 200 U.S. stock and ETF tokens through its app, including dividend payments and 24/5 trading with no commissions or added spreads from Robinhood. “Crypto was built by engineers for engineers, and has not…

June 30, 2025 BY Sam Boughedda

Clearstream Announces Launch of Tri-Party Collateral Management Solution with ECMS Go-Live

The move is seen as a milestone in post-trade infrastructure harmonisation across Europe. Following the ECMS go-live on 16 June 2025, Clearstream became the only central securities depository (CSD) to offer full tri-party collateral management integration with the European Central Bank’s new platform. The ECMS is said to replace previously fragmented national systems, creating a…

June 30, 2025 BY Sam Boughedda

ASIC Cancels AFS Licence of Perth-Based Ballast Financial Management

According to the regulator, the cancellation followed confirmation that Ballast had ceased operating a financial services business. The regulator explained that under section 915B of the Corporations Act 2001, ASIC may suspend or cancel a licence if the licensee no longer carries on business. Ballast, which held AFS licence number 233180 since 9 September 2003,…