The firm has launched two new products backed by Bitcoin and Ethereum, SIX said in a press release. With the addition, nxtAssets becomes the 18th issuer of crypto ETPs on SIX, bringing the total number of listed crypto products to 398. “This launch addresses the increasing demand for crypto exposure,” stated SIX. Both ETPs are…
Read moreThe move marks the company's expansion into India's futures trading market. Mehta Equities, founded in 1995 by Rakesh Mehta, provides broking services, portfolio management, investment banking, and custodian services. It is regulated by the Securities and Exchange Board of India (SEBI) and holds memberships with key Indian exchanges, including the National Stock Exchange (NSE) and…
Read more
The Swiss-based interdealer broker revealed an operating profit rise of 23.2% at constant exchange rates to CHF 152.4 million, while net profit attributable to the group surged 27% to CHF 115.6 million. Basic earnings per share climbed 23.2% to CHF 15.09. CFT’s interdealer broking business, which accounts for the majority of its operations, generated CHF…
Read more
According to FINRA’s disciplinary notice, posted on Thursday, Tigress onboarded hundreds of high-risk foreign customers between 2018 and 2022, but failed to implement adequate AML procedures to monitor and report suspicious transactions. Furthermore, the regulator says the firm did not tailor its compliance programme to its evolving customer base, which accounted for a majority of…
Read more
The deal marks the largest-ever merger between traditional finance and crypto. Kraken added that the move also strengthens its position as a 24/7 multi-asset trading platform. Founded in 2003, NinjaTrader serves nearly two million traders and operates as a CFTC-registered Futures Commission Merchant (FCM). The acquisition provides Kraken with a direct pathway into the U.S.…
Read more
The firm said in a press release that the move expands on an existing framework introduced in January, which allowed these bonds to be used for initial margin requirements under Northbound Swap Connect transactions. The change means international investors holding these bonds through Bond Connect will have increased flexibility in managing their collateral across a…
Read more
On Wednesday, ICE Futures US revealed it has fined Novum Energy Trading Corp $35,000 for violating exchange rules related to trade practices and block trading requirements. The firm said the fine was issued following an investigation into trading activity between February and June 2023. According to a disciplinary notice published by the exchange, one of…
Read more
According to FINRA, between April 2009 and May 2023, NFS failed to transfer over 5,600 Unit Investment Trusts (UITs) through the Automated Customer Account Transfer Service (ACATS). Additionally, the firm reportedly did not process approximately 4,000 of these UITs as in-kind transfers, despite customer instructions, instead redeeming them for cash. FINRA found that some transfers…
Read more
The deal is expected to strengthen Fiserv’s position in the European payments market, enabling it to accelerate the deployment of its Clover platform while enhancing its merchant and partner network across the Netherlands, Belgium, and Germany. Financial terms of the acquisition were not disclosed. Founded in 1958 in Arnhem, CCV has a long history of…
Read more
The financial solutions provider saw 20% organic revenue growth, excluding contributions from Cobase, which was acquired in late 2023. Revenue from the Private Markets (formerly labelled institutional) division increased 20% to £69 million, while the Corporate division grew 21% to £63.8 million. Cobase contributed £2.9 million, up from just £0.2 million in the prior year.…
Read more