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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Barclays Bank UK PLC was fined £3.1 million for opening a client money account for WealthTek without carrying out adequate checks. The bank reportedly failed to verify whether WealthTek was authorised to hold client funds, a step that could have been completed by consulting the FCA’s register. As a result, clients deposited £34 million into…
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The move marks a key milestone in eToro’s strategy to expand its presence across Asia-Pacific. The company stated that with the licence now in effect, eligible retail investors in Singapore can access a broad range of financial instruments through eToro’s platform, including stocks from over 20 global exchanges, exchange-traded funds, and derivatives. “This is an…
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FINRA found that between January 2017 and December 2018, JPMS failed to maintain a supervisory system capable of identifying whether its representatives were recommending unsuitable short-term trades in syndicate preferred stocks to retail customers. The regulator said that at least 15 JPMS representatives were found to have advised customers to buy and then sell these…
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The plan is expected to support the EU’s Savings and Investments Union (SIU) goals by enabling cross-border market access, fostering competition, and encouraging innovation. It builds on Euroclear’s model, which combines its international central securities depository (Euroclear Bank) with six local CSDs. Valérie Urbain, CEO of Euroclear, said: “The key to more liquid and effective…
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The move aims to help finance teams streamline operations and reduce cost and complexity, given that they are “under growing pressure to do more with less,” said the company. Already in use across the US, Corpay Complete integrates accounts payable, expenses, domestic and international payments, and FX into a single platform tailored for UK businesses. …
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