Sam Boughedda
LeapRate Analyst
February 26, 2025 BY Sam Boughedda

Bank of Canada to Utilise Clearstream/TMS Group's Canadian Collateral Management Service

TMX and Clearstream said the CCMS, launched in 2024, optimises securities finance activities across the Canadian market, providing domestic tri-party repo capabilities to increase market liquidity.  It is also said to help unlock trapped collateral, improving mobility for repo transactions, securities lending, and margin requirements for derivatives. Bank of Canada Deputy Governor Toni Gravelle highlighted…

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February 26, 2025 BY Sam Boughedda

CME Group Announces First Options Trades on Bitcoin Friday Futures

It was revealed Tuesday that the transaction, a block trade, was carried out between Cumberland DRW and Galaxy and cleared by Marex. "We are pleased to see such early and strong support for these new options products," said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group. "These smaller-sized, cash-settled contracts, with expiries available…

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CMC markets
February 25, 2025 BY Sam Boughedda

CMC Markets CFO to Step Down with Immediate Effect

The online brokerage added that Soleiman, who took on the role in September 2023, will remain with the firm for a transition period to ensure an orderly handover. Soleiman has been with CMC Markets since 2005. Prior to his role as CFO, he held several positions within the company, including serving as Head of CMC…

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February 25, 2025 BY Sam Boughedda

CME Group and DTCC to Expand Existing Cross-Margining Arrangement

The companies aim to provide greater margin savings and capital efficiencies for end users by December 2025. Subject to regulatory approval, CME explained that the enhancement will enable eligible end-user clients at CME Group and the Government Securities Division (GSD) of DTCC's Fixed Income Clearing Corporation (FICC) to access capital efficiencies when trading U.S. Treasury…

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Robinhood app on mobile
February 25, 2025 BY Sam Boughedda

Robinhood Says SEC Closes Investigation Into Robinhood Crypto

The company revealed that on February 21, 2025, the SEC’s Enforcement Division notified RHC in a letter that it had concluded its inquiry.  The investigation stemmed from a Wells Notice issued to RHC in May 2024, which suggested that the SEC was considering enforcement action. “We applaud the staff’s decision to close this investigation with…

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Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution
February 24, 2025 BY Sam Boughedda

Nordnet AB Selects Broadridge Shareholder Disclosure Solution

It was revealed that the leading Nordic digital investment platform has been using Broadridge’s API-based solution since September 2024, ensuring compliance with shareholder identification requests while maintaining data security across Sweden and other European markets. “We are firmly committed to the advancement of shareholder democracy throughout the financial services industry,” said Quincy Curry, Director of…

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February 24, 2025 BY Sam Boughedda

AustralianSuper Fined $27 Million After ASIC Investigation

AustralianSuper is the trustee of Australia’s largest superannuation fund. The Australian Securities and Investments Commission (ASIC) said in a recent press release that it launched an investigation into systemic failures at the country’s largest super fund, which resulted in approximately 90,700 members holding multiple accounts between 1 July 2013 and 31 March 2023.  These members…

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ATFX Blackarrow
February 21, 2025 BY Sam Boughedda

ATFX Integrates BlackArrow to Enhance Trading Capabilities

The move is said to be aimed at providing traders with tools to improve market analysis, automation, and execution. BlackArrow offers all-in-one market access, allowing traders to engage with forex, indices, cryptocurrencies, commodities, and stocks within a single platform.  The integration is expected to simplify portfolio management by eliminating the need for multiple accounts across…

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