Until now, customers wanting to trade crypto were required to open and use a separate Webull Pay account via a standalone app. With the latest update, Webull has integrated those functions, enabling investors to manage their Webull Pay accounts and trade crypto alongside stocks and options in one place. The platform now supports 24/7 trading…
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The Australian Securities and Investments Commission (ASIC) said Equity Trustees oversaw the investment of about A$160 million in retirement savings into Shield across 2023 and 2024. The fund had “no track record,” ASIC said, and thousands of members ultimately saw their balances reduced. ASIC Deputy Chair Sarah Court said: “Instead of acting as an effective…
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The companies said in a press release that the collaboration expands their partnership from blockchain to AI-enabled global cash management, aiming to cut foreign exchange costs and improve risk management for Ant International and its clients. Both companies are participants in the Monetary Authority of Singapore’s PathFin.ai programme, which seeks to advance AI adoption in…
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The purchase price is comprised of $135 million at closing, which is expected in the fourth quarter of this year, subject to certain closing conditions, and up to an additional $65 million in potential future earn-outs. The transaction includes intelliflo’s U.S. subsidiaries, RedBlack and intelliflo Portfolio. The company said intelliflo's US-based subsidiaries will be established…
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Revenue and other income rose 33 per cent year-on-year to HK$14.08 billion, while profit attributable to shareholders climbed 39 per cent to HK$8.52 billion. The exchange operator said core business revenue grew 34 per cent, supported by record volumes in the cash equities and stock options markets, alongside higher depository fees and increased net investment…
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The collaboration will centre on tokenised real-world assets, tokenised funds and regulated stablecoins, drawing on Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to facilitate secure, compliant cross-chain transactions. Use cases under development include tokenisation of assets such as real estate and bonds, bringing net asset value data for funds onchain, and enabling payment-versus-payment (PvP) settlement for foreign…
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Between April 2020 and August 2023, USBI reportedly did not submit 42 SARs because it applied an incorrect monetary threshold when assessing suspicious transactions. The firm used the $25,000 reporting threshold applicable to banks instead of the $5,000 threshold required for broker-dealers. FINRA added that as a result, activity involving account intrusions, identity theft and…
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The company announced that the ETFs will debut on the Tokyo Stock Exchange and the Taiwan Stock Exchange on 18 September. The move is expected to give investors in Japan and Taiwan easier mutual access to each other’s capital markets while diversifying investment opportunities. In Japan, Nomura will introduce the “NEXT FUNDS TIP FactSet Taiwan…
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The German stock exchange operator said the centre will serve as a strategic hub for technology and innovation, supporting capital markets platforms as well as artificial intelligence, cybersecurity, enterprise IT and cloud engineering. The firm added that it complements its existing global IT hubs and is expected to play a key role in its long-term…
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