The company stated that the postponement is due to a "routine thematic compliance inspection" initiated earlier this year in the British Virgin Islands (BVI). This inspection, which was disclosed in the company's Registration Document, requires "additional time to enable finalisation ahead of the IPO." iFOREX anticipates "only a short delay" to the overall IPO timetable,…
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The findings, which Susquehanna accepted without admitting or denying, relate to violations that occurred between February 2021 and May 2023. FINRA's investigation revealed that Susquehanna failed to include the mandatory "No Remuneration" (NR) indicator in TRACE reports for transactions where no commission, mark-up, or mark-down was charged. “Susquehanna inaccurately reported transactions in TRACE-Eligible Securities without…
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The scheme involved artificially inflating Australian share prices before selling them at inflated values. ASIC said Larissa Quinlan, Kurt Stuart, Emma Summer, and Syed Yusuf all entered guilty pleas in the Downing Centre Local Court to conspiracy to commit market rigging and dealing with the proceeds of crime. Ms. Quinlan, Mr. Stuart, and Ms. Summer…
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This partnership aims to offer buyside firms a fully integrated, front-to-back workflow. Virtu's TradeOPS platform is designed to automate post-trade workflows, including allocation matching and settlements, with the goal of significantly reducing settlement delays and financial penalties for buyside firms. The company said that by integrating with Limina’s cloud-native Order and Portfolio Management System (O/PMS),…
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The move comes as the company looks to accelerate its growth across digital, retail and broader ecosystem channels in the region. Tallent has extensive experience in fintech and the telecommunications, media and technology sectors, having led growth strategies and service innovation in both developed and emerging markets. Most recently, he served as CEO of Saudi…
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The move is said to be aimed at strengthening the company’s presence in the Americas and expanding its capabilities in physical commodity markets. Agrinvest, based in Brazil, operates as an intermediary in agricultural markets such as corn and soybeans, while also offering consultancy services to help clients manage hedging strategies and commercial risks. The acquisition…
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The initiative forms part of the FCA’s broader strategy to accelerate digital innovation and economic growth. It is said to give firms access to NVIDIA’s accelerated computing and AI Enterprise Software, along with enhanced datasets, technical support and regulatory guidance. “This collaboration will help those that want to test AI ideas but who lack the…
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The office is located in Portside Tower, in the city’s central business district. The grand opening event, held on 29 May at Hotel Sky, is said to have brought together clients, partners and industry stakeholders to celebrate the company’s latest milestone. ATFX Chairman Joe Li and Regional Head of Africa Linton White delivered keynote addresses,…
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The financial terms of the deal were not disclosed. The move will see Fiserv, a provider of payments and financial services technology, take full control of one of Ireland’s largest payment solution providers and one of Europe’s major e-commerce acquirers. The transaction is expected to close in the third quarter. Katia Karpova, Head of the…
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The announcement follows an earlier statement in May indicating Sir Mark’s intention to retire before year-end. His departure comes as AIA Group announced Sir Mark’s appointment as its Independent Non-executive Chairman, effective 1 October. HSBC noted that Sir Mark will continue to serve as a strategic adviser to the Group CEO and Board during the…
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