BMO Agrees $625m Deal to Acquire Burgundy Asset Management LeapRate

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,…

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…

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…

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…

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.…

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…

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. …

June 18, 2025 BY Sam Boughedda

Integral Announces Access to CME Group’s Primary FX Markets from Workflow Solutions

The collaboration is said to enable traders to execute FX spot, non-deliverable forward (NDF), and precious metals trades through their existing workflows without incurring additional fees or investing in new technology. Furthermore, the integration supports both passive and aggressive order types via GUIs, APIs, pre-built algorithms, and risk warehouses, said the firm. Paul Houston, Global…

June 18, 2025 BY Sam Boughedda

Wedbush Securities Working With Rival Systems on Multi-Asset Trading Solution

The move is designed to enhance trading flexibility and operational efficiency for its clients. The joint offering is said to enable professional traders to manage futures, equities, and options strategies from a single interface, all cleared through Wedbush. By streamlining access across asset classes, Wedbush said the platform aims to meet growing demand for seamless…

June 18, 2025 BY Sam Boughedda

Clearstream Launches a Digital Solution for Private Market Fund Processing

Built on the blockchain-based FundsDLT platform and integrated with Clearstream’s existing Vestima system, the company said the solution is being piloted with selected clients before a broader rollout. It is said to target long-standing inefficiencies in private market fund distribution by automating key processes and enhancing transparency across the value chain. According to Clearstream, the…