Interactive Brokers Reports 44% Surge in March Daily Average Revenue Trades LeapRate

April 02, 2025 BY Sam Boughedda

Interactive Brokers Reports 44% Surge in March Daily Average Revenue Trades

However, trading activity declined 4% from February, according to the latest brokerage performance report. Client accounts rose 32% from the previous year to 3.62 million, with 87,700 new accounts added in March. However, the brokerage said 13,300 accounts were escheated to governmental authorities as required by law. Client equity stood at $573.5 billion, up 23%…

April 01, 2025 BY Sam Boughedda

UK Investment Bank Peel Hunt Expects 5% Revenue Rise Despite Macroeconomic Uncertainty

The UK investment bank said full-year revenue for the year ended 31 March 2025 is expected to be approximately £90 million, up from £85.8 million in FY24. However, macroeconomic uncertainty weighed on market volumes and corporate activity in the latter half of the year. Peel Hunt noted that cost-cutting measures helped mitigate losses, with the…

April 01, 2025 BY Sam Boughedda

SIX Announces Digital Assets Regulatory and Tax Service

The new data package is said to be aimed at helping financial institutions navigate the rapidly evolving landscape of digital asset regulations and tax compliance. The service, launched amid increasing institutional demand, enables firms to assess whether over 80,000 crypto-related instruments, including tokens and blockchain-based assets, fall under regulatory and tax requirements, the company explained. …

April 01, 2025 BY Sam Boughedda

DTCC Announces 2 New Board Members

DTCC, a post-trade market infrastructure provider, said the new board members bring extensive global expertise in finance, risk management, and liquidity, which will help guide the company’s strategic direction. Kamis, currently Chief Financial Officer for Citibank N.A. and Head of Finance Transformation at Citi, has over 20 years of experience in financial services. He previously…

April 01, 2025 BY Sam Boughedda

NYSE Texas Opens, With Trump Media & Technology Group the First Listing

The exchange also revealed that Trump Media & Technology Group (TMTG) has become the inaugural listing. Lynn Martin, President of NYSE Group, said the launch of NYSE Texas provides businesses with new opportunities in a pro-business environment. “We are thrilled to open NYSE Texas to corporate issuers and to welcome Trump Media & Technology Group…

March 31, 2025 BY Sam Boughedda

CFI Launches CFI Prime for Institutional and Professional Traders

The company said CFI Prime provides access to deep liquidity pools sourced from Tier-1 banks and top Prime-of-Prime brokers. The platform is also expected to deliver a broad range of asset classes through a single connection, while its low-latency hubs ensure fast execution. “CFI Prime marks a significant milestone, enabling us to provide sophisticated services…

March 31, 2025 BY Sam Boughedda

Reserve Bank of Australia, ASIC Take Further Steps to Address ASX Concerns

In a press release on Monday, the regulators cited serious concerns over ASX’s management of operational risks and the speed of its response to the incident. In a joint letter to ASX, the RBA and ASIC highlighted the risk that further operational failures could undermine the reliability of the CHESS system until its replacement is…

March 31, 2025 BY Sam Boughedda

Fiserv Announces Launch of Clover in Australia

The company said the system will provide small-to-medium businesses with an all-in-one solution to streamline operations and enhance customer experiences. The expansion marks Clover’s presence in 11 countries, powering 3.5 million POS devices worldwide. “Ninety-eight per cent of Aussie businesses identify as small-to-medium businesses but many rely on a complex array of solutions that don’t…

March 31, 2025 BY Sam Boughedda

Cashup's Permission to Carry on Regulated Activities Cancelled by FCA

The decision, which took effect from 28 March 2025, was made under section 55J of the Financial Services and Markets Act 2000. According to the FCA’s Final Notice, Cashup failed to satisfy the location of offices Threshold Condition, as the regulator could not confirm that the firm’s head office and central management were based in…

March 28, 2025 BY Sam Boughedda

USCA Securities Hit With FINRA Fine

USCA Securities has been fined $75,000 by the Financial Industry Regulatory Authority (FINRA) for multiple violations, including failing to maintain its required minimum net capital and submitting inaccurate financial reports. According to a Letter of Acceptance, Waiver, and Consent published by FINRA, USCA operated below its required net capital on 35 occasions between January and…