ATFX said in a press release that the new office underscores the company's commitment to the region's thriving financial markets and its ambition to cater to the growing number of traders in the country. The new office in Mexico City will serve as a hub for ATFX's operations in the region, complementing its existing presence…
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In partnership with NCR Atleos, the company revealed it is replacing its entire portfolio of over 600 ATMs across eight countries with new hardware and software. The move is designed to elevate the customer experience by introducing a range of innovative features. One of the most notable additions is contactless cash withdrawal, which will be…
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According to the SEC's order, Invesco falsely claimed that a significant portion of its assets under management were "ESG integrated." However, the reality was that many of these assets were held in passive exchange-traded funds (ETFs) that did not consider ESG factors in their investment processes. “Invesco told clients and stated in marketing materials that…
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The company is said to have failed to respond in a timely manner to multiple requests for information. The fines stem from three separate incidents between June 2021 and August 2023. In each case, FINRA said it requested information from Spartan Capital as part of an investigation, but the brokerage firm failed to meet the…
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This collaboration aims to elevate liquidity options for brokers. By integrating Your Bourse's advanced technology with ATFX's extensive liquidity solutions, the companies believe their partnership offers several benefits to brokers. The integration of Your Bourse's ultra-fast trade execution capabilities with ATFX's Prime of Prime services is expected to create a “powerful infrastructure” for efficient trading.…
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The company also revealed it has promoted Chief Financial Officer Lynne Fitzpatrick to the expanded role of President and CFO. Additionally, Julie Holzrichter, who served as Chief Operating Officer, will step down from her current position and transition to an advisory role. Suzanne Sprague will succeed Holzrichter as both Chief Operating Officer and Global Head…
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The company said in its press release that the collaboration marks a step towards bridging the gap between traditional finance and digital assets. Built on the Ethereum blockchain, uMINT offers investors access to UBS Asset Management's institutional-grade cash management solutions. By tokenizing the assets, UBS aims to cater to the growing demand for digital financial…
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It was revealed that the pilot program involved multiple multinational clients and banks, facilitating domestic transactions within Switzerland and international payments in various currencies, including US dollars, Swiss francs, euros, and Chinese yuan. Andy Kollegger, head of UBS Institutional & Multinational Banking, emphasised the strategic importance of blockchain-based payment solutions for cross-border transactions. "UBS Digital…
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This decision comes after a series of approaches made by StoneX to CAB Payments since July 2024. The initial offer from StoneX valued CAB Payments at £1.15 per share, which was rejected by the CAB Payments board. A subsequent revised offer of £1.45 per share was also considered but ultimately declined. The revised proposal consisted…
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Essentially, the companies executed the first blockchain-based SGD transaction using Ant International's blockchain-based Whale platform. "To enable this transaction, Standard Chartered plugged into Ant International's Whale Platform to offer the liquidity necessary to conduct this transaction which is a significant step forward towards instant and 24/7 treasury management," reads the press release. The approach optimises…
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