June 20, 2025 BY Sam Boughedda

Elon Musk's X App to Add Trading and Investing Features

According to reports, X CEO Linda Yaccarino confirmed at the Cannes Lions festival that users will “soon” be able to “transact your whole financial life on the platform.”  She added that it could include paying for a pizza, “or making an investment or a trade.”  The app is also reportedly developing a digital wallet and…

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June 20, 2025 BY Sam Boughedda

ICE Launches Average Prime Offer Rates (APOR) Index

The index, which is updated weekly and available on the ICE Index Platform, is said to aim to complement the APOR figures currently published by the Consumer Financial Protection Bureau (CFPB). The exchange explained that ICE APOR reflects the annual percentage rates based on average interest rates, points, fees and other terms offered on prime…

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BMO Financial Group Office photo
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,…

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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…

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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…

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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.…

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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. …

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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…

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