The deal, which values ATHEX at approximately €412.8 million, is part of Euronext’s broader strategy to integrate European capital markets and expand its presence in Southeast Europe. Based on Euronext’s closing price of €142.70 on 30 July, the offer equates to €7.14 per ATHEX share. ATHEX’s board has unanimously backed the offer and entered into…
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Under a memorandum of understanding, the UK-based bank will collaborate with Alibaba Cloud as its strategic partner for AI technologies, aiming to boost operational efficiency and enhance customer experience. The agreement will see the two firms co-develop AI-powered tools for customer service, sales intelligence, risk management, and compliance automation, while also promoting talent development through…
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FINRA stated that between July and September 2022, TradeStation issued promotional materials across its website, emails, and social media platforms that failed to clearly state that crypto assets were not offered through TradeStation itself but through an affiliated entity. The affiliate was not a FINRA member or registered broker-dealer. According to FINRA, some communications gave…
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According to FINRA, the fine is related to private placement solicitations and telemarketing practices between May 2021 and December 2023. The Florida-based brokerage reportedly failed to establish, maintain and enforce adequate supervisory systems and written procedures to ensure compliance with securities laws and telemarketing rules. The firm was found to have violated FINRA Rules 3110,…
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In a release on Thursday, the firm said that excluding the treasury component, net revenue grew 10% year-on-year to €1.3 billion, slightly ahead of internal expectations. Operating costs rose 3% to €620 million, while EBITDA climbed 5% to €891 million. Stripping out the treasury result, EBITDA surged 19% to €684 million. Net income attributable to…
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Operations are expected to be suspended from 29 August 2025, with formal closure subject to regulatory consultation. The move is part of Cboe’s strategy to focus on areas offering stronger long-term returns. “While we have made the strategic decision to exit the Japanese equities business, we remain committed to serving Japan and its financial community…
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FINRA revealed in a recent release that the financial services firm was fined for lapses in supervision, inaccurate reporting, and failures under the Regulation Best Interest (Reg BI) framework. The Puerto Rico-based brokerage, which employs 42 registered representatives across four offices, submitted a Letter of Acceptance, Waiver, and Consent (AWC) agreeing to FINRA’s sanctions without…
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However, the second quarter was shaped by geopolitical uncertainty and continued market volatility, the company said. Q2 business income remained consistent with the strong first quarter, while issuances stayed robust. “We are reporting robust results for the first half of 2025, in line with our expectations,” said Valérie Urbain, Euroclear’s CEO. “Our business income continues…
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The companies explained in a press release on Friday that the programme is using artificial intelligence to improve forecasting accuracy and reduce hedging costs. The collaboration centres on Ant International’s Falcon Time-Series Transformer (TST) Model, which incorporates AI-powered time series forecasting with nearly 2 billion parameters. Combined with Citi’s Fixed FX Rates solution, the tool…
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The Paris-based payments giant said on Wednesday that its AI routing solution, now live following successful pilot programmes, delivers a more than 2% improvement in authorisation rates, building on the 3% uplift already achieved through rule-based routing alone. They noted that one pilot customer reported a revenue increase of €1.63 million from higher authorisation rates…
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