Sam Boughedda
LeapRate Analyst
finra
January 22, 2025 BY Sam Boughedda

UBS Financial Services Fined By FINRA for Inaccuracies in Transaction Information

The settlement, revealed in a Letter of Acceptance, Waiver, and Consent (AWC), arises from issues in UBS FSI’s reporting of “blue sheets” between December 2012 and September 2018. Blue sheets contain critical transaction details used by regulators to investigate potential market misconduct, including insider trading and market manipulation.  FINRA said UBS FSI misreported or omitted…

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January 22, 2025 BY Sam Boughedda

NYSE IPO Index Launched by Intercontinental Exchange

The firm said in a press release that NYSEIPO is a new equal-weighted index designed to track the performance of companies recently listed on the New York Stock Exchange (NYSE).  This includes companies that have undergone IPOs, direct listings, spin-offs, and uplistings from OTC or international markets over the past three years. Lynn Martin, President…

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LME proposes requirements for the responsible sourcing of metal in listed brands
January 21, 2025 BY Sam Boughedda

Hong Kong Approved as Warehouse Location By London Metal Exchange

The decision means Hong Kong is the 33rd location in the LME’s network, which stretches across the USA, Europe, and Asia. Matthew Chamberlain, LME CEO, stated, “The addition of Hong Kong to our global warehousing network is an exciting development, providing warehouse facilities closer to the metals hubs of Mainland China than ever before. “Mainland…

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Standard Chartered bank HQ
January 21, 2025 BY Sam Boughedda

Standard Chartered Announces Launch of SC PrismFX

The firm said in a press release that the solutions suite is designed to cater to the diverse FX needs of Financial Institutions (FI), Non-Banking Financial Institutions (NBFI), PayTech, and Corporate clients globally. SC PrismFX is said to integrate Standard Chartered’s digital Transaction Banking, Financial Markets, and Digital Platforms under one brand, providing FX payment…

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January 21, 2025 BY Sam Boughedda

Deutsche Bank and Yonyou Sign Strategic MOU

The firm will partner with the goal of enhancing digital financial solutions for Chinese enterprises expanding globally.  The partnership is expected to focus on Global Treasury Management (GTM) to streamline financial management and support globalisation strategies. Furthermore, it will integrate Yonyou’s treasury management system with Deutsche Bank’s financial network, enabling data access and instruction transmission.…

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plus500 revenue
January 20, 2025 BY Sam Boughedda

Plus500 Added to STOXX Europe 600 Index

The inclusion was effective from the start of trading on Friday (17 January 2025).  “Plus500's inclusion in this widely followed, European-wide index is another testament to the strategic, operational and financial progress that the Group has made in recent years,” said the company The addition to the STOXX Europe 600 Index underscores Plus500's success in…

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January 20, 2025 BY Sam Boughedda

ASIC: Buy Now Pay Later Providers Must Apply For a Credit Licence

The Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Act 2024, which received royal assent on 10 December 2024, extends the National Credit Code to BNPL contracts. ASIC explained that from 10 June 2025, BNPL providers will need to hold a credit licence authorising them to engage in credit activities as credit…

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January 20, 2025 BY Sam Boughedda

City of London Investment Group AUM Declines

The firm revealed its AUM fell by 2.9% to $9.9 billion, down from $10.2 billion at the end of June 2024. The decline was attributed to net investment outflows of $564 million, primarily driven by client rebalancing and asset allocation changes amid strong market returns.  The Emerging Markets (EM) and International Equity strategies were said…

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Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution
January 17, 2025 BY Sam Boughedda

Broadridge Adds GenAI-Powered Advanced Analytics Features to Platform

The enhancement is said to be a key component of Broadridge’s OpsGPT application and aims to streamline trade data analysis and operational reporting. The company explained that the GenAI-powered functionality allows users to generate insights and visualisations from their trade data using natural language, effectively eliminating the need for complex data migrations.  “Integrating this AI…

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