The initiative, supported by the Singapore Economic Development Board (EDB), aims to foster the local developer ecosystem by supporting engineers to build the future of Web3, the decentralized internet powered by blockchain technology. "This brings us one step closer to our goal of increasing economic freedom by onboarding one billion people into the cryptoeconomy, and…
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The company revealed Wednesday that the number of active customers increased by 25% year-over-year, reaching 11.4 million. Revenue surged 19% to £591.9 million, driven by a 19% increase in cross-border volume to £68.4 billion. Reported profit before tax came in at £292.5 million, rising a significant 51% from the previous year. Wise said it continues…
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According to FINRA, from August 2019 to June 2023, Morgan Stanley failed to establish and document a robust system to prevent the entry of erroneous orders. It is said that the firm's procedures for placing new clients into groups with specific order controls were unclear, and the rationale for setting thresholds for order size and…
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With a prominent career stretching over three decades in finance and technology, the company said in its press release that Skowronski will play a pivotal role in driving strategic initiatives across the INFINOX group. Skowronski brings a wealth of experience to INFINOX, which was founded in 2009. He previously held senior leadership positions at renowned…
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Scheduled for implementation in 2025, subject to regulatory approval and technical readiness, the web-based platform aims to streamline the in-kind creation and redemption process for relevant ETPs. HKEX explains that by leveraging distributed ledger technology (DLT) and smart contracts, it intends to connect key ETP participants, enhancing operational efficiency and boosting overall market liquidity. "Speed…
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The company explained that the move strengthens its position in the Canadian financial services market, enabling it to offer comprehensive wealth management and capital markets solutions to Canadian firms. The acquisition of SIS, which specialises in clearing and settlement, account record keeping, tax and regulatory reporting, and integrated order management, align with Broadridge's target of…
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The company explained that the service enhances market transparency and efficiency, offering traders insights into order execution and cancellation processes. They added that the new service is available on all Cboe-affiliated U.S. Equities Exchanges, providing market participants with detailed information about order and cancel messages. By analysing timestamp data, traders and participants are able to…
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The company revealed in a press release that the integration, along with a direct settlement account with the Bangko Sentral ng Pilipinas (BSP), will significantly enhance cross-border payment experiences for millions of Wise customers and its platform partners. Via its direct connection to InstaPay, Wise can now offer instant transfers of up to 50,000 Philippine…
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The transition follows the earlier announcement, which outlined Clive Kahn is set to take on the role of Chief Executive Officer on January 1, 2025, succeeding Morgan Tillbrook. In preparation for this transition, Kahn has been appointed as an executive director of the company. Tillbrook's departure as CEO comes after a period of growth and…
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The approval is a step forward in the acquisition process. On August 9, 2024, Hargreaves Lansdown and the board of directors of Bidco announced that they had reached an agreement for HL to be acquired for around £5.4 billion. The deal was the second largest by value for a London-listed company this year and marked…
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