Net contribution rose 26% year-on-year to $210 million, driven by higher trading activity. Assets under administration increased 54% to $17.5 billion, while funded accounts climbed 14% to 3.63 million, boosted by continued user acquisition, retention efforts, and the 2024 purchase of Australian app Spaceship. Adjusted EBITDA was up 31% to $72 million, supported by increased…
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The Canadian payments firm said the enhancement allows businesses to move fiat currency account to account across borders with same-day or next-day settlement, bypassing slower and more expensive SWIFT transfers. By using blockchain technology on the backend, Nuvei said it can reduce reliance on intermediaries and deliver funds more efficiently. “Our mission is to simplify…
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The move is said to give traders commission-free equities trading, low-cost futures access, and API connectivity through MultiCharts, which offers advanced charting, built-in indicators, high-precision backtesting and multi-broker automated trading tools. Futures will be priced at $0.85 per standard contract and $0.50 for micro contracts. TradeStation said the integration expands its advanced trading capabilities, allowing…
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Sartaj Singh has been promoted to chief technology officer after serving as global head of technology since December 2023. He is said to have overseen a transformation of the company’s technology infrastructure, enhancing stability, scalability and sophistication across core platforms. As CTO, Singh will focus on embedding intelligence across operations to deliver faster, more intuitive…
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Rodney Forrest reportedly admitted to two counts of insider trading between August and September 2024 before Sydney’s Local Court on Tuesday. ASIC alleges he acquired about $2.6 million worth of Platinum shares while in possession of confidential information relating to a takeover offer and procured others to make similar trades. ASIC further alleges Forrest operated…
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He was also fined $60,000. Mapleson, who pleaded guilty, was sentenced on 6 August for one count of insider trading, regarding trades executed in January 2017. ASIC said Mapleson obtained inside information through his role at BM Geological Services Pty Ltd, which was contracted to provide geological services to Beacon Minerals. He was also engaged…
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Craig Marshak will be appointed chief executive officer, bringing more than 30 years of investment banking and growth capital experience, including a leadership role at Nomura’s $500 million Growth and Technology Fund in London. The company also intends to appoint Harinder Sandhu to its board. The “Wertheim & Company” trademark dates back to the original…
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The Singapore-based fintechs said that they will now integrate their technologies in both directions, with iPiD utilising Nium’s Verify infrastructure to enhance its own validation capabilities, and Nium leveraging iPiD Node to extend its EU reach. The collaboration will provide audit-ready coverage in all 41 SEPA countries, alongside Nium’s existing instant account verification in 25…
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The move would place Paxos under direct U.S. federal oversight, replacing its current New York Department of Financial Services (NYDFS) authorisation, and reflects what the company described as its “consistent commitment to maintain the highest regulatory standards of any blockchain infrastructure and tokenisation platform globally.” Paxos has operated under NYDFS oversight since 2015, when it…
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The in-principle approval covers Stored Value Facilities and the Retail Payment Services and Card Schemes licences, a prerequisite for the full licences needed to launch operations in the country. Once granted, the company said it plans to offer merchant acquiring, payment aggregation, e-wallet issuance, and domestic and cross-border fund transfers. H.E. Badr Al-Olama, director general…
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