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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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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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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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…
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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…
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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…
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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…
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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…
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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…
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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…
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