The New York-based retail foreign exchange dealer, which is owned by proprietary trading firm FTMO, agreed to the settlement without admitting or denying the allegations, according to a decision published by the NFA’s Business Conduct Committee (BCC) on Wednesday. The BCC found that Oanda failed to properly increase its net capital in accordance with liabilities…
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The solution is aimed at streamlining the investment fund landscape in Singapore. The new offering combines Euroclear’s global fund platform, FundsPlace, with Marketnode’s blockchain-enabled infrastructure, Fundnode. The companies said it is expected to simplify the lifecycle of retail and institutional fund orders. The service aims to reduce manual processing, improve reconciliation, and accelerate settlement times.…
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According to a letter of acceptance, waiver, and consent, published by FINRA, the New York-based brokerage firm paid more than 100 influencers to promote its services on platforms like Instagram and YouTube between January 2020 and March 2023. These paid posts, which attracted over 23,000 new accounts, are said to have often included misleading or…
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It will conclude a six-year tenure for Wellauer at the helm of the Swiss financial market infrastructure provider. He informed the Board of Directors that he will not stand for re-election, initiating a leadership transition process. Wellauer was appointed chairman in 2020 with a mandate to position SIX for long-term strategic and operational success. Under…
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The platform is designed to help companies meet the growing global demand for sustainability disclosures. The collaboration combines Novisto’s advanced sustainability reporting technology with Broadridge’s established issuer services, which support over 3,400 U.S. public companies. Broadridge and Novisto said they will deliver a “unique market-leading suite of solutions” that creates a one-stop shop for sustainability…
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The partnership aims to streamline the decision-making process for traders, eliminating the need to switch platforms or search for research. Through the collaboration, the firm said Devexa now connects with Bridget, BridgeWise’s AI investment research engine, allowing traders to receive real-time equity recommendations, macroeconomic analysis, and fundamental data within the same interface they use to…
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Subeva is the third former Credit Suisse banker to be barred for lacking integrity in connection with a corrupt loan scandal involving the Republic of Mozambique. In May 2019, she pleaded guilty in a US court to conspiracy to commit money laundering, after accepting $200,000 in unlawful kickbacks related to loans arranged for Mozambique. The…
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As a member, Euroclear Bank will now participate in both the specials and €GCPlus segments of the RepoClear SA service, gaining access to Europe’s largest cleared liquidity pool. The move is expected to deliver capital and operational efficiencies while enhancing Euroclear’s risk management capabilities. GC Plus, the tri-party general collateral repo clearing service developed jointly…
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The inclusion will see AIM-listed stocks available on a range of Cboe platforms, including the Lit and Dark order books, the Periodic Auction book, the Closing Cross (3C), and Cboe BIDS Europe. The exchange added that the securities will also be reportable as Exchange Trade Reports (ETRs). Cboe confirmed that standard trading hours will apply,…
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The collaboration aims to provide buy-side firms with access to a broader range of services and enhanced operational efficiency. The first live product of the partnership is a fund data management service delivered through Clearstream’s Kneip platform. This is said to allow SimCorp clients to outsource the dissemination of fund data, documents and regulatory reporting,…
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