According to reports, X CEO Linda Yaccarino confirmed at the Cannes Lions festival that users will “soon” be able to “transact your whole financial life on the platform.” She added that it could include paying for a pizza, “or making an investment or a trade.” The app is also reportedly developing a digital wallet and…
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The index, which is updated weekly and available on the ICE Index Platform, is said to aim to complement the APOR figures currently published by the Consumer Financial Protection Bureau (CFPB). The exchange explained that ICE APOR reflects the annual percentage rates based on average interest rates, points, fees and other terms offered on prime…
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SIX said in a release that the newly listed ETF, launched under the firm’s quantitative investment unit Avantis Investors, is actively managed and aims to outperform the MSCI World Small Cap Value Index. It targets small-cap companies from developed markets, prioritising those with lower valuations and higher profitability. The ETF trades in US dollars. “With…
Read moreThe S&P BMV IPC Index is Mexico's main equity index. It tracks the most liquid stocks listed on Bolsa Mexicana de Valores (BMV). CME says the new contracts will offer investors more efficient access to the Mexican equity market, tracking the performance of the S&P BMV IPC Index. The IPC Index is compiled by S&P…
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The regulator says that between April and November 2024, the fund’s product disclosure statement, target market determination and website claimed it invested in green, sustainable and social corporate bonds. However, ASIC stated that the fund held exposure to government and supranational bonds during this period, assets inconsistent with its declared strategy focused on corporate issuers.…
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Built on the blockchain-based FundsDLT platform and integrated with Clearstream’s existing Vestima system, the company said the solution is being piloted with selected clients before a broader rollout. It is said to target long-standing inefficiencies in private market fund distribution by automating key processes and enhancing transparency across the value chain. According to Clearstream, the…
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In a Letter of Acceptance, Waiver and Consent published by Nasdaq Phlx, the firm was said to have violated multiple recordkeeping and supervisory rules, including US securities law and Phlx’s own procedural standards. Specifically, the firm reportedly failed to correctly record order receipt, transmission and execution times for an estimated 139,511 manually routed options trades.…
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Running on Microsoft Cloud, the firm explained that EasyFocus+ will deliver real-time data, predictive analytics, and exception resolution across Euroclear’s network of Central Securities Depositories (CSDs), which handle over 60% of EU settlements. The initiative is said to be a key step in Euroclear’s strategy to foster a harmonised, pan-European settlement experience and advance the…
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Under the new agreement, Jingle Pay stated that it will serve as a “key partner for Western Union,” supporting the flow of cross-border money transfers directly to bank accounts and mobile wallets. This positions Jingle Pay as a key remittance partner within Western Union's extensive global network. Amir Fardghassemi, Chief Executive Officer of Jingle Pay,…
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The collaboration is expected to strengthen Euronext Clearing’s infrastructure. The companies said it will provide scalable and efficient clearing solutions for European and international market participants. Under the agreement, Clearstream will serve as a triparty agent (TPA) for Euronext Clearing, offering advanced collateral management capabilities. The firm added that clients are set to benefit from…
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