February 04, 2025 BY Sam Boughedda

FTMO to Acquire Broker OANDA

The terms of the deal remain undisclosed and are subject to regulatory approval. OANDA, founded in 1996, operates as a digital trading platform, providing multi-asset trading, currency data, and analytics to both retail and corporate clients.  The company has a strong presence in key financial markets, including New York, London, Singapore, and Sydney.  Under CVC’s…

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February 04, 2025 BY Sam Boughedda

Standard Chartered Appoints Maria Ramos as Group Chair

Ramos, who joined the bank’s board as an independent non-executive director in 2021, currently serves as Chair of the Board Risk Committee and Senior Independent Director.  Ramos is said to bring extensive experience in banking, government, and corporate leadership, having served as CEO of Absa Group Limited for a decade.  She has also held prominent…

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IG Group office
February 03, 2025 BY Sam Boughedda

IG Group Starts Share Buyback Programme

The tranche, which began on 3 February 2025, is set to conclude by 10 June 2025. The buyback forms part of a broader programme first announced in July 2024, initially valued at £150 million. It was later extended by an additional £50 million in January 2025, bringing the total buyback amount to £200 million.  The…

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February 03, 2025 BY Sam Boughedda

eToro Partners with WisdomTree on Commodities Smart Portfolio

The brokerage said the WisdomTree-Comm Smart Portfolio will offer eToro users exposure to a broad range of commodities while dynamically adjusting to market conditions. The partnership comes after a year of record-high prices for several commodities, including gold, which surged amid Federal Reserve rate cuts and geopolitical tensions, as well as cocoa and coffee, which…

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Tradeweb
January 31, 2025 BY Sam Boughedda

Tradeweb Receives SEC Approval for Swap Execution Facility's SBSEF Registration

The milestone allows Tradeweb to facilitate the trading of single-name credit default swaps (CDS) for institutional clients in compliance with the SEC’s evolving regulatory framework. The approval follows the SEC’s introduction of Regulation SE, which requires any platform executing security-based swaps to register as either an SBSEF or a national securities exchange.  With the designation,…

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Sberbank launches new system for payment services SberPay
January 31, 2025 BY Sam Boughedda

AstroPay Obtains Payment Institution License for Multicurrency Wallet in Brazil

The license allows AstroPay to expand its multicurrency wallet services, offering cross-border transactions for both local and international users. With the regulatory approval, AstroPay said it aims to provide faster and more cost-effective financial solutions. Its “Pix for Foreigners” feature enables international visitors to make instant payments in Brazilian reais, reducing reliance on credit cards…

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January 30, 2025 BY Sam Boughedda

Trade Republic Launches Localised Banking Products in Italy

The announcement comes just weeks after a successful launch in France.  The company, which has over 8 million customers and more than €100 billion in assets under management, is introducing a free current account with a local IBAN and an automated tax submission system, directly competing with traditional banks. As a result of the launch,…

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financial buildings
January 30, 2025 BY Sam Boughedda

Euroclear and Microsoft Enter Multi-Year Strategic Partnership

The collaboration is expected to accelerate Euroclear’s transition into a Digital and Data-Enabled Financial Market Infrastructure, benefiting capital markets participants. The company said that by leveraging Microsoft’s cloud, AI, and analytics tools, it is aiming to drive efficiency and security within its operations.  The partnership will focus on modernising Euroclear’s customer engagement, strengthening market infrastructure,…

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