December 10, 2024 BY Sam Boughedda

S&P DJI and JPXI Announce Index for TSE Prime Stocks

This index aims to improve access to Japan’s evolving equity market for global investors, reflecting the rising international interest in Japanese equities. The Prime Market, one of three restructured TSE segments introduced in 2022, concentrates on firms with strong market capitalisations and corporate governance standards. It is said to align with long-term growth objectives and…

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financial buildings
December 10, 2024 BY Sam Boughedda

Danske Bank Joins Equiduct's Commission-Free Service

In a press release, Equiduct noted that Danske Bank, one of the Nordic region’s largest financial institutions, provides advanced services to retail investors for trading financial markets. The partnership expands the services available to Danske Bank’s retail clients, providing access to liquidity across 12 European markets and innovative, cost-effective real-time market data. Equiduct, a pan-European…

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StoneX
December 10, 2024 BY Sam Boughedda

Philip Smith to Become StoneX CEO

The changes were approved at the company's recent Board of Directors meeting and mark a strategic transition in the organisation's leadership structure. Current CEO Sean O'Connor, who has led StoneX for 22 years, will step down to become Executive Vice-Chairman of the Board of Directors.  He will focus on long-term strategy, capital allocation, and mergers…

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Hong Kong
December 09, 2024 BY Sam Boughedda

Nuno Matos to Take On ANZ Group CEO Role

Matos, a seasoned international banker with over 30 years of experience, will also join the boards of ANZ Group Holdings Limited and Australia and New Zealand Banking Group Limited as an Executive Director. Matos was most recently CEO of Wealth and Personal Banking at HSBC, overseeing operations in 35 markets, supporting approximately 40 million customers. …

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Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution
December 09, 2024 BY Sam Boughedda

Broadridge Financial Launches AI-Powered Algorithm Insights Service for NYFIX

The service, which is said to be the first of its kind, is expected to boost algorithmic trading by providing buy-side firms, including asset managers and hedge funds, with real-time liquidity mapping and data-driven decision-making tools. “Algo traders will now have a quantitative, data-driven service to power critical trading decisions,” said George Rosenberger, Head of…

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Euroclear reports operating income increase of 7% in H1 2021
December 09, 2024 BY Sam Boughedda

ODDO BHF Picks Euroclear FundsPlace for Fund Distribution Services

The move aims to streamline operations, reduce complexity, and enhance efficiency for ODDO BHF’s fund assets. Euroclear, which provides post trade services, said in its press release that by utilising FundsPlace, ODDO BHF will benefit from centralised distribution processes and automated trailer fee collection, optimising revenue while mitigating operational risks. Euroclear’s platform supports over 3,000…

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December 06, 2024 BY Sam Boughedda

Tortoise Capital Advisors Gets Go-Ahead For 2 Strategic Fund Merger Proposals

The changes are said to be aimed at enhancing operational efficiency and boosting shareholder value, with the final implementations set for 23 December 2024. The first merger involves Tortoise Midstream Energy Fund (NTG) and Tortoise Energy Infrastructure Corp. (TYG). TYG will emerge as the surviving entity, maintaining its original strategy and becoming Tortoise's flagship closed-end…

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financial buildings
December 06, 2024 BY Sam Boughedda

Hong Kong Monetary Authority Fines China CITIC Bank HK$4M

The regulator said the penalty comes after an investigation into deficiencies in CITIC's transaction monitoring systems between November 2015 and July 2018. The HKMA found that CITIC's automated transaction monitoring system had failed to generate alerts for suspicious transactions due to errors in detection and core model rules. Additionally, they state that CITIC also failed…

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R.J. O’Brien
December 06, 2024 BY Sam Boughedda

R.J. O'Brien Appoints John Robbins to New Global Chief Compliance Officer Role

The US independent futures brokerage and clearing firm said Robbins will oversee the firm’s worldwide compliance initiatives, reflecting RJO's continued international growth. Based in New York, Robbins, who has over 25 years of compliance experience in financial services, will report to Melissa Zierk, Managing Director and General Counsel at RJO.  He will lead a global…

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December 06, 2024 BY Leaprate Staff

ATFX Demonstrates Consistent Strong Performance in Q3 2024 Data

The report reveals notable growth in several key sectors. The currency pairs category saw a 9.32% increase compared to Q2 2024, signalling strong trader interest in forex markets. The energy category also experienced growth, up 1.07%, driven by steady demand for commodities such as oil and gas. The standout performer was the indices category, which…

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