The firm explained that the index is a new benchmark capturing top Chinese firms listed on the Stock Connect programme. It is set to launch on 21 November 2024 and will feature the 80 largest Chinese companies by market capitalisation listed on the Hong Kong, Shanghai, and Shenzhen exchanges. The SCCEA Index is the first…
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Outlined in a consultation released on 14 November, the proposals include raising minimum capital requirements for clearing members, capping mutualised default fund contributions, and introducing anti-procyclicality controls. The company explained in a press release that the proposed increase in minimum net capital requirements for clearing members—from $10 million to $30 million—aims to align LME Clear…
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The latest development comes after SelfWealth received a similar offer from Bell Financial Group Limited for a lower price of $0.22 per share. Axi was founded in 2007 and is headquartered in Sydney, serving customers across 120 countries. The brokerage is keen to acquire SelfWealth to expand its reach in the Australian market. The proposed…
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The company, which designs, engineers and markets a growing range of trading and investing products, said it is aiming to enhance Exinity's trading platform and provide trading and investing experiences across various asset classes. Over the upcoming year, it is expected that Exinity Group's trading capabilities will be enhanced by the integration of TraderEvolution's technology,…
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The move means it is the first-ever ETP in Europe tracking the performance of the Aptos (APT) cryptocurrency. Aptos is a layer-1 blockchain, which the company says is designed for high scalability and low transaction costs. It is said to be particularly well-suited for applications like gaming and decentralized finance (DeFi), leveraging the Move programming…
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The acquisition grants Crypto.com an Australian Financial Services Licence (AFSL), allowing it to offer a wider range of financial products to eligible users within the country. Fintek's AFSL, regulated by the Australian Securities and Investments Commission (ASIC), opens doors for Crypto.com to expand its offerings beyond cryptocurrencies. The company said it can now provide access…
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This investment spearheads a $7 million funding round for Pemo. Founded in 2022, Pemo focuses on serving small and medium-sized enterprises (SMEs) in the UAE. They offer corporate cards and a platform to manage business expenses and payments. Augmentum explained in a press release that, with only 1.7% of payments currently made using corporate cards…
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The companies said in a press release that the partnership will integrate IDVerse's advanced identity verification tools and infrastructure into LSEG's existing suite of digital identity and fraud solutions, allowing businesses to scale global operations and improve the speed and reliability of customer onboarding processes. IDVerse's technology is powered by generative AI and is designed…
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NovoPayment, which specialises in delivering digital banking, payments, and card solutions, is expected to use the funding to help accelerate its product and commercial growth and strengthen its position in the banking and payment vertical SaaS market. NovoPayment's platform aims to let banks, fintechs, and other financial institutions deliver digital financial and payment services. Its…
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The investment marks big xyt's first external funding round after a decade of profitable, bootstrapped growth. The company said in a press release that the funding will be used to accelerate its global expansion into Europe, the US, and APAC, as well as to fuel its product development and team growth. Big xyt provides data…
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