Category: Financial Services

June 30, 2025 BY Sam Boughedda

ASIC Sues Delta Power & Energy: Alleges Futures Market and Financial Benchmark Manipulation

In civil penalty proceedings filed in the Federal Court, the Australian Securities and Investments Commission (ASIC) claims that Delta (formerly named Sunset Power International Pty Ltd) placed orders for New South Wales Peak Load Electricity Futures Contracts on 30 occasions between 8 September and 6 October 2022 with the intent of improperly influencing the daily…

Read more
June 20, 2025 BY Sam Boughedda

Elon Musk's X App to Add Trading and Investing Features

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…

Read more
June 20, 2025 BY Sam Boughedda

ICE Launches Average Prime Offer Rates (APOR) Index

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…

Read more
June 19, 2025 BY Sam Boughedda

CME Announces Launch of Futures on Mexico's IPC Index

The 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…

Read more
June 19, 2025 BY Sam Boughedda

Australian Regulator ASIC Issues Infringement Notices for Equity Trustees Limited

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.…

Read more
Clearstream
June 18, 2025 BY Sam Boughedda

Clearstream Launches a Digital Solution for Private Market Fund Processing

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…

Read more
June 17, 2025 BY Sam Boughedda

BNP Paribas Securities Fined $600,000 By Nasdaq Phlx

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.…

Read more
financial buildings
June 17, 2025 BY Sam Boughedda

Euroclear Partners with Meritsoft and Taskize to Launch AI Service

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…

Read more
June 16, 2025 BY Sam Boughedda

Jingle Pay Partners with Western Union on Cross-Border Money Transfers

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,…

Read more