Category: Financial Services

August 01, 2025 BY Sam Boughedda

ASX Announces Launch of Morning and Evening Peak Electricity Contracts

The move is said to come in response to shifting demand patterns in the Australian National Electricity Market (NEM), driven by the rapid rise in renewable energy, particularly solar. According to ASX, the increased reliance on solar has resulted in heightened electricity demand during morning and evening periods across all regions. “With the changes in…

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Euronext
August 01, 2025 BY Sam Boughedda

Euronext Q2 Revenue Rises 12.8%

Non-volume-related revenue accounted for 58% of total income, covering 161% of underlying operating expenses excluding depreciation and amortisation.  Securities Services revenue rose 6.5% to €86.2 million, while Capital Markets and Data Solutions revenue increased 12% to €165.4 million, aided by the acquisition of Admincontrol and continued expansion in advanced data and tech services. Volume-related income…

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August 01, 2025 BY Sam Boughedda

FCA Fines Sigma Broking Limited £1.1 Million for Transaction Reporting Failures

The regulator revealed that between December 2018 and December 2023, Sigma submitted nearly 925,000 incorrect reports, representing almost all of its transactions during that time.  The FCA said the errors stemmed from incorrect system setup and remained uncorrected due to weaknesses in Sigma’s reporting processes. “The transaction reports we receive are crucial to the work…

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Euronext
July 31, 2025 BY Sam Boughedda

Euronext Announces Voluntary Share Exchange Offer For ATHEX Shares

The deal, which values ATHEX at approximately €412.8 million, is part of Euronext’s broader strategy to integrate European capital markets and expand its presence in Southeast Europe.  Based on Euronext’s closing price of €142.70 on 30 July, the offer equates to €7.14 per ATHEX share. ATHEX’s board has unanimously backed the offer and entered into…

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Standard Chartered bank HQ
July 29, 2025 BY Sam Boughedda

Standard Chartered and Alibaba Announce Technology and Growth Partnership

Under a memorandum of understanding, the UK-based bank will collaborate with Alibaba Cloud as its strategic partner for AI technologies, aiming to boost operational efficiency and enhance customer experience.  The agreement will see the two firms co-develop AI-powered tools for customer service, sales intelligence, risk management, and compliance automation, while also promoting talent development through…

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TradeStation
July 28, 2025 BY Sam Boughedda

FINRA Fines TradeStation Securities for Misleading Crypto Communications

FINRA stated that between July and September 2022, TradeStation issued promotional materials across its website, emails, and social media platforms that failed to clearly state that crypto assets were not offered through TradeStation itself but through an affiliated entity.  The affiliate was not a FINRA member or registered broker-dealer. According to FINRA, some communications gave…

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FINRA building
July 25, 2025 BY Sam Boughedda

Greenbird Capital Given a $50k Fine by FINRA

According to FINRA, the fine is related to private placement solicitations and telemarketing practices between May 2021 and December 2023. The Florida-based brokerage reportedly failed to establish, maintain and enforce adequate supervisory systems and written procedures to ensure compliance with securities laws and telemarketing rules.  The firm was found to have violated FINRA Rules 3110,…

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July 25, 2025 BY Sam Boughedda

Deutsche Börse Group Revenue Rises 4% in Q2

In a release on Thursday, the firm said that excluding the treasury component, net revenue grew 10% year-on-year to €1.3 billion, slightly ahead of internal expectations.  Operating costs rose 3% to €620 million, while EBITDA climbed 5% to €891 million. Stripping out the treasury result, EBITDA surged 19% to €684 million. Net income attributable to…

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Cboe
July 24, 2025 BY Sam Boughedda

Cboe to Wind Down Japanese Equities Business

Operations are expected to be suspended from 29 August 2025, with formal closure subject to regulatory consultation.  The move is part of Cboe’s strategy to focus on areas offering stronger long-term returns. “While we have made the strategic decision to exit the Japanese equities business, we remain committed to serving Japan and its financial community…

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FINRA building
July 21, 2025 BY Sam Boughedda

First Southern Fined $250,000 by FINRA Over Compliance Failures

FINRA revealed in a recent release that the financial services firm was fined for lapses in supervision, inaccurate reporting, and failures under the Regulation Best Interest (Reg BI) framework. The Puerto Rico-based brokerage, which employs 42 registered representatives across four offices, submitted a Letter of Acceptance, Waiver, and Consent (AWC) agreeing to FINRA’s sanctions without…

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