The move is to reward and thank the team for its past performance and incentivise future growth. It also aligns with Tillbrook’s step back from daily operations at the end of 2024. The grants were approved by Alpha’s Remuneration Committee following discussions with major shareholders and advisory bodies. "I have given this considerable thought and…
Read more
The asset manager attributed the rise to favourable market returns, which contributed $37 billion, alongside foreign exchange movements that added $1.2 billion. The firm also said it recorded net long-term inflows of $5.1 billion during the month, non-management fee earning net inflows of $2.3 billion, and money market net inflows of $11.3 billion. The largest…
Read more
Through the integration, the company explained that brokers and prop firms using DXtrade will automatically gain access to AI BI’s advanced data analytics solutions, designed to optimise sales strategies, enhance risk management, and improve operational efficiency. The partnership is expected to help firms increase revenue while reducing expenses by providing insights into client activity and…
Read more
The firm explained that under the agreement, Euronext Clearing will use Euroclear as its first triparty agent, providing clients with automated and flexible collateral solutions. The initiative is expected to expand Euronext’s leading Italian repo clearing franchise to include a wider range of European government bonds, benefiting European and international clients. Euroclear will act as…
Read more
Despite exiting its ownership position, TD said it will maintain a business relationship with Schwab via the Insured Deposit Account (IDA) Agreement. TD currently holds 184.7 million Schwab shares, representing 10.1% economic ownership. As part of the transaction, Schwab has agreed to repurchase US$1.5 billion worth of its shares from TD, conditional on the completion…
Read more
The collaboration aims to help financial institutions deliver scalable, personalised digital banking experiences for both retail and corporate clients. With over 20 years of experience, Tagit offers a Digital Banking Suite that includes solutions for retail, corporate, family banking, and digital onboarding. By integrating the capabilities with Experion’s expertise in customisation, localisation, and compliance, the…
Read more
The regulator has particularly focused on cryptoasset firms, debt solution providers, and claims management companies (CMCs). The FCA reported that 9,197 CMC promotions were withdrawn, many linked to housing disrepair and motor finance claims targeting vulnerable consumers. Additionally, the regulator said it has ramped up enforcement against "finfluencers," resulting in 20 people being interviewed under…
Read more
The integration aims to enhance liquidity options and improve execution quality for asset managers and banks. LoopFX specialises in dark mid-point matching for large trades exceeding $10 million, helping reduce execution costs and minimise market impact. With the integration, FlexTrade said FlexFX users can send orders to LoopFX without altering their existing workflows. Additionally, trading…
Read more
The company said the collaboration marks the first post-trade matching tool to incorporate messaging functionality, “enabling compliance, transparency and streamlined resolution of post-trade discrepancies.” Broadridge explains that the integration allows asset managers to communicate directly with executing brokers through Symphony’s platform, streamlining post-trade issue resolution. "By integrating Symphony’s messaging functionality, we are enabling clients to…
Read more
The fine follows an investigation by the firm into Apex’s handling of customer loans, disclosures, and supervisory systems between January 2019 and June 2023. According to FINRA, Apex entered into securities loans with certain customers without ensuring the loans were appropriate, as some customers did not receive loan fees for lending their shares. Furthermore, from…
Read more