Category: Financial Services

view of europe mifid
August 18, 2025 BY Sam Boughedda

Airwallex Obtains MiFID Licence to Launch Yield Products in the Netherlands

The global financial platform said the new licence will enable it to offer Money Market Funds (MMFs) to European businesses, providing small and medium-sized enterprises with access to investment opportunities not typically available through traditional banks. Yield will allow companies to generate returns on idle cash balances in multiple currencies, including euros, pounds and U.S.…

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August 18, 2025 BY Sam Boughedda

PayLaterr and Experian Partner to Enhance Fraud Detection

The collaboration will see PayLaterr, a platform that allows consumers to spread the cost of essential bills, integrate Experian’s fraud prevention and credit data technology into its systems.  The company said this will enable it to detect and prevent fraudulent activity in real time and improve identity verification during onboarding. In addition, PayLaterr said it…

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August 18, 2025 BY Sam Boughedda

ASIC Hands Four-Year Ban to Former Next Generation Adviser

The ban prevents Mr Rankin from offering financial advice, controlling a financial services business, or performing any related function until August 2029.  ASIC determined that while working as an authorised representative of Next Generation Advice Pty Ltd (in liquidation), Mr Rankin gave inappropriate advice to several clients. According to ASIC, Mr Rankin recommended clients establish…

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August 15, 2025 BY Sam Boughedda

RayNeo and Ant Group Launch Hands-Free AR Glasses Payments

The RayNeo X3 Pro AR glasses are the first to support transactions through both Alipay QR codes and Alipay Tap! merchant terminals in China.  Users can link their glasses to their Alipay account, enable voice verification, and complete purchases by issuing a simple spoken command, with transactions confirmed by voice and authenticated through Alipay’s multidimensional…

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FINRA's 2018 volume tops 2017 activity by 87%
August 15, 2025 BY Sam Boughedda

PFS Investments to Repay $710,000 Over Mutual Fund Fee Failures

FINRA explained that between August 2019 and July 2024, customers entitled to cost reductions through “rights of reinstatement,” a benefit allowing investors to reinvest in certain funds without incurring front-end sales charges or to reclaim deferred sales charges, were charged excess fees.  The shortfall is attributed to the firm’s reliance on manual processes, which left…

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FINRA building
August 15, 2025 BY Sam Boughedda

Stifel Fined $175,000 Over Inaccurate Order Routing Disclosures

According to FINRA, between January 2020 and December 2023, Stifel released 16 quarterly reports under Rule 606(a) of Regulation NMS that misstated key information, including payments for order flow, profit-sharing arrangements, transaction fees and rebates.  In some cases, the firm is said to have incorrectly reported these amounts as zero, despite having received or paid…

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August 15, 2025 BY Sam Boughedda

CME's Interest Rate Futures Open Interest Hits a New Record

The same day, open interest in U.S. Treasury futures and options hit 31,615,333 contracts, while SOFR futures open interest reached 13,738,220 contracts, both all-time highs.  CME also recorded 3,526 large open interest holders in interest rate futures, according to the U.S. Commodity Futures Trading Commission’s 29 July Commitment of Traders report. “New open interest records…

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Texas
August 15, 2025 BY Sam Boughedda

Q2 Holdings Announces NYSE Texas Dual Listing

The company will maintain its primary listing on the New York Stock Exchange and continue trading under the symbol QTWO on both exchanges. The NYSE Texas listing becomes effective today, 15 August 2025. “Texas has always been home for Q2,” said Matt Flake, chairman and chief executive of Q2. “Our dual listing on NYSE Texas…

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LME proposes requirements for the responsible sourcing of metal in listed brands
August 14, 2025 BY Sam Boughedda

London Metal Exchange: Optiver Approved as a Category 4 Member

Founded in Amsterdam, Optiver is a global market maker that provides liquidity to financial markets using its own capital to trade a range of products, including listed derivatives, cash equities, ETFs, bonds and foreign currencies. In addition to its membership, Optiver management has taken on two roles within LME governance.  John Rothstein, the company’s chief…

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