Category: Financial Services

LSEG, London Stock Exchange
February 18, 2025 BY Sam Boughedda

LSEG Appoints New Head of Post Trade Japan and Post Trade Solutions APAC

The firm revealed that Tomiyasu will report to Rohit Verma, Head of Post Trade, APAC, and Andrew Williams, Global Head of Post Trade Solutions. “The newly created position further reinforces LSEG’s strong commitment to servicing Japan and APAC’s dynamic markets,” said LSEG. Daniel Maguire, Group Head of LSEG Markets and CEO of LCH Group, welcomed…

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financial buildings
February 18, 2025 BY Sam Boughedda

Euroclear Announces US Treasury DVP Repo Service Launch

The first trade under the new service was completed on 6 February 2025 between Euroclear Bank and Toronto Dominion Bank London. The firm explained in a press release that the new solution offers cash lenders operational efficiency similar to triparty repo transactions, integrating electronic trading workflows for seamless collateral allocation.  Repo collateral will be held…

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FINRA
February 17, 2025 BY Sam Boughedda

Cova Capital Partners Fined by FINRA

The firm was also found to have lacked a proper supervisory system and failed to comply with filing requirements. Between June 2018 and December 2021, Cova is said to have recommended three private placements without verifying key details about the issuers and investment risks.  As a result, FINRA determined that Cova willfully violated Regulation Best…

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Standard Chartered bank HQ
February 17, 2025 BY Sam Boughedda

Standard Chartered, Animoca Brands and HKT Establish JV For HKD-Backed Stablecoin

SCBHK, which has actively participated in HKMA’s tokenised money projects, will contribute its bank-grade infrastructure and governance to the JV.  “Stablecoins play a critical role in the overall digital asset ecosystem,” said Bill Winters, Group Chief Executive of Standard Chartered. “Standard Chartered’s bank-grade infrastructure, governance and global reach mean that we are in a good…

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Doo Financial
February 17, 2025 BY Sam Boughedda

Doo Group Opens New Office in Cyprus

The new office is expected to strengthen the company’s global reach. Doo Group added that it also reinforces its commitment to delivering high-quality financial services. Located at Apostolou Andreou 11, Agios Athanasios, the 800 sqm office occupies the top floor of a prominent building, in a sought-after area in Limassol, Cyprus.  The company added that…

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FINRA building
February 14, 2025 BY Sam Boughedda

GTS Securities Fined $150,000 By FINRA

FINRA said in its release that the fine is for publishing inaccurate trade execution reports and failing to maintain adequate supervisory procedures.  New York-based GTS, which specialises in market-making and proprietary trading, also received a censure as part of the settlement. According to FINRA, between May 2019 and March 2021, GTS published 23 inaccurate monthly…

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Euronext
February 14, 2025 BY Sam Boughedda

Euronext FY24 Trading Revenue Rises 14.2%

The pan-European exchange operator’s total revenue and income rose 10.3% to €1.63 billion, supported by growth in custody and settlement (+8.7%), advanced data services (+7.5%), and listings (+5.1%).  Clearing revenue also grew by 19%, while net treasury income increased by 21.8%. “In 2024, we delivered double-digit topline growth thanks to the solid performance of non-volume…

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Frankfurt Stock Exchange
February 13, 2025 BY Sam Boughedda

Deutsche Börse Revenue Increased 15% in 2024

The company also announced a new €500 million share buyback programme and proposed an increased dividend of €4.00 per share. According to the firm’s preliminary financial results, EBITDA rose 15% to €3.40 billion, significantly surpassing the company’s original full-year guidance. Organic growth alone accounted for 8% of the revenue increase. “In 2024, we once again…

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