Citi, Morgan Stanley, State Street and UBS Invest in Fintech Firm Capitolis LeapRate

November 26, 2024 BY Sam Boughedda

Citi, Morgan Stanley, State Street and UBS Invest in Fintech Firm Capitolis

This latest funding round, led by Citi and including increased participation from State Street, will fuel Capitolis' continued expansion across both its Capital Marketplace and Portfolio Optimisation divisions. The company, which says it aims to create “safer and more dynamic capital markets,” added that each bank will invest $5 million and will join the company's…

November 25, 2024 BY Sam Boughedda

Hong Kong's ZA Bank to Offer Crypto Trading Services for Retail Users

The move allows users to trade top cryptocurrencies like Bitcoin and Ethereum in HKD and USD directly within the ZA Bank app. The bank's decision to offer crypto trading services comes in response to the surging global demand for cryptocurrencies. They noted that with over 560 million users worldwide and a market capitalisation exceeding $3…

November 25, 2024 BY Sam Boughedda

Barclays Fined £40m by the FCA

The FCA announced the decision and said it follows Barclays’ withdrawal of its referral of the case to the Upper Tribunal. “The action was based on findings which included that Barclays' conduct in its October 2008 capital raising was reckless and lacked integrity,” stated the FCA. The regulator explained that it first issued warning notices…

November 22, 2024 BY Sam Boughedda

Wedbush Supports 24-Hour US Equity Trading For Correspondent Clients

The financial services firm said in a press release that the new capability, which complements its existing 24-hour futures trading, provides increased flexibility and access to US markets for investors. By enabling 24-hour equity trading, Wedbush said it “empowers investors” to capitalise on market movements during off-peak hours, particularly benefiting investors in Asia and other…

November 22, 2024 BY Sam Boughedda

HKEX Appoints Chief Sustainability and Group Chief Communications Officer

The company revealed that in his new role, Chow will be responsible for driving HKEX’s sustainability strategy, ensuring ESG considerations are integrated into all aspects of the company’s operations. He will also continue to lead the Group’s legal and secretarial services functions as Group General Counsel. Chow joined HKEX in April 2021 as Group General…

Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution

November 21, 2024 BY Sam Boughedda

Broadridge Boosts Structured Product Trading with Tbricks Enhancements

The fintech firm said the advancements are designed to revolutionise global trading operations for structured products, letting financial institutions quote hundreds of thousands of products across multiple markets and distribution channels simultaneously. "This transformative development marks a significant leap forward in simplifying and optimizing trading for structured products," commented Konstantin Romanov, Global Head of Principal…

November 21, 2024 BY Sam Boughedda

eToro Obtains New York License, Announces Launch

The company announced its launch in New York on Tuesday, making its services available to eligible investors in all 50 states. This development was confirmed by a tweet from the New York Stock Exchange (NYSE) on Wednesday, highlighting the importance of eToro's entry into the state. “Major news from @eToro — the world’s largest social…

November 20, 2024 BY Sam Boughedda

StoneX Sees Increased Volumes Across Majority of Operating Segments in Q4

The global financial services network reported on Tuesday that in the fourth quarter, it saw a strong performance across its operating segments and products, despite relatively low market volatility. The company's fourth-quarter net income surged 51% to $76.7 million, with diluted earnings per share (EPS) of $2.32 and a return on equity of 18.5%. Quarterly…

November 19, 2024 BY Sam Boughedda

Aquis Exchange Chair Glenn Collinson Steps Down

Collinson’s decision to step down due to personal reasons comes as Aquis is set to be acquired by SIX Exchange Group AG. The company said Collinson believes this is an opportune moment for him to hand over the reins to Deirdre Somers, who has been appointed as the new Non-Executive Chair. Somers has a wealth…

November 19, 2024 BY Sam Boughedda

Revolut Awarded Trading License From FCA

The new license enables Revolut to offer trading services on UK and EU-listed stocks and ETFs to its millions of customers. The move comes after Revolut has already made strides in the investment space, offering US stock trading since 2019. With the new license, the company aims to further diversify its product range and cater…

Category: Financial Services