Category: Financial Services

CME Group
June 03, 2025 BY Sam Boughedda

CME Group Sees Record Volume Across its Battery Metals Complex

The derivatives marketplace said 2,587 contracts were traded across its suite of battery metals futures and options, surpassing the previous record of 2,301 contracts set on 11 February.  Open interest also reached a new peak of 64,387 contracts. “These new records were driven by our benchmark Lithium Hydroxide and Cobalt Metal futures, which each reached…

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May 30, 2025 BY Sam Boughedda

Oanda Fined $600k By the National Futures Association

The New York-based retail foreign exchange dealer, which is owned by proprietary trading firm FTMO, agreed to the settlement without admitting or denying the allegations, according to a decision published by the NFA’s Business Conduct Committee (BCC) on Wednesday. The BCC found that Oanda failed to properly increase its net capital in accordance with liabilities…

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financial buildings
May 29, 2025 BY Sam Boughedda

Euroclear and Marketnode Partner On Fund Order and Processing Solution

The solution is aimed at streamlining the investment fund landscape in Singapore. The new offering combines Euroclear’s global fund platform, FundsPlace, with Marketnode’s blockchain-enabled infrastructure, Fundnode. The companies said it is expected to simplify the lifecycle of retail and institutional fund orders.  The service aims to reduce manual processing, improve reconciliation, and accelerate settlement times.…

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FINRA's 2018 volume tops 2017 activity by 87%
May 28, 2025 BY Sam Boughedda

Public Investing Fined $350k By FINRA

According to a letter of acceptance, waiver, and consent, published by FINRA, the New York-based brokerage firm paid more than 100 influencers to promote its services on platforms like Instagram and YouTube between January 2020 and March 2023.  These paid posts, which attracted over 23,000 new accounts, are said to have often included misleading or…

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Swiss Stock Exchange
May 28, 2025 BY Sam Boughedda

SIX Chairman Thomas Wellauer to Stand Down at AGM in 2026

It will conclude a six-year tenure for Wellauer at the helm of the Swiss financial market infrastructure provider. He informed the Board of Directors that he will not stand for re-election, initiating a leadership transition process.  Wellauer was appointed chairman in 2020 with a mandate to position SIX for long-term strategic and operational success. Under…

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Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution
May 28, 2025 BY Sam Boughedda

Broadridge Partners With Novisto on Data Management and Reporting Platform

The platform is designed to help companies meet the growing global demand for sustainability disclosures. The collaboration combines Novisto’s advanced sustainability reporting technology with Broadridge’s established issuer services, which support over 3,400 U.S. public companies.  Broadridge and Novisto said they will deliver a “unique market-leading suite of solutions” that creates a one-stop shop for sustainability…

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May 27, 2025 BY Sam Boughedda

Devexperts Partners with BridgeWise on Advanced AI Market Analysis

The partnership aims to streamline the decision-making process for traders, eliminating the need to switch platforms or search for research. Through the collaboration, the firm said Devexa now connects with Bridget, BridgeWise’s AI investment research engine, allowing traders to receive real-time equity recommendations, macroeconomic analysis, and fundamental data within the same interface they use to…

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May 26, 2025 BY Sam Boughedda

Former Credit Suisse Vice President Banned By the FCA

Subeva is the third former Credit Suisse banker to be barred for lacking integrity in connection with a corrupt loan scandal involving the Republic of Mozambique.  In May 2019, she pleaded guilty in a US court to conspiracy to commit money laundering, after accepting $200,000 in unlawful kickbacks related to loans arranged for Mozambique. The…

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