Category: Financial Services

September 18, 2024 BY Sam Boughedda

OFX Expands Operations in Germany to Bolster European Growth

The company revealed it has established a new regional team across multiple cities to better serve its clients in the region. "This strategic initiative underscores OFX's dedication to the European market, further strengthening its presence and commitment to providing exceptional financial services to its customers in Germany and beyond," said the company in its press…

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Eurex ESG
September 17, 2024 BY Sam Boughedda

Eurex Clearing to Participate in Project Agorá to Explore Tokenization

The project, launched by the Bank for International Settlements (BIS), a group of leading central banks, and the Institute of International Finance (IIF), aims to explore how tokenisation can enhance wholesale cross-border payments. Project Agorá, which means "marketplace" in Greek, brings together seven central banks and a group of private financial firms to investigate the…

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Euronext
September 17, 2024 BY Sam Boughedda

Euronext Acquires London-Based Substantive Research

Euronext believes the acquisition will strengthen its investor services segment and offer enhanced capabilities to its clients. Founded in 2015, Substantive Research provides in-depth analysis of product and pricing comparisons for investment research spend, market data, and investment research content. The company's services are used by over 100 global clients, including asset managers, hedge funds,…

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September 13, 2024 BY Sam Boughedda

Digital Nomads Neobank bunq to Nearly Double Headcount in 2024

Bunq is a Dutch fintech and neobank licensed in the Netherlands. It operates in 30 European countries and is aiming to become the world's first global neobank for digital nomads. The company explained in a press release that its ambitious growth strategy is driven by the increasing number of individuals embracing location-independent lifestyles. As part…

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eToro's crypto trading platform & wallet now available in 32 US states
September 13, 2024 BY Sam Boughedda

eToro USA to Cease Trading in Nearly All Crypto Assets

The SEC alleged that eToro operated as an unregistered broker and clearing agency by facilitating the buying and selling of certain crypto assets that were deemed securities. In response, eToro has agreed to pay a $1.5 million penalty, while it has also agreed to "cease and desist from violating the applicable federal securities laws and…

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Cboe Global Markets
September 12, 2024 BY Sam Boughedda

Cboe Set to Launch New S&P 500 Variance Futures

The derivatives exchange said the new futures contracts, designed to hedge against and capitalise on US equity market volatility moves, aim to give investors a streamlined way to trade the spread between implied and realised volatility. They believe the futures will appeal to a wide range of market participants, such as volatility traders, hedge funds,…

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Paramount Share Price Falls as Buyout Still to Be Decided
September 10, 2024 BY Sam Boughedda

Wise Platform Joins ABX Platform as Newest Payment Partner

Wise Platform, Wise's global payments infrastructure for banks and global enterprises, provides banks, financial institutions, and global enterprises with the capabilities, technology, and network to enable fast, secure, and cost-effective international payments for their customers. By joining the ABX Platform, it is said that Wise Platform will give AbbeyCross users access to faster, transparent, and…

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Paramount Share Price Falls as Buyout Still to Be Decided
September 04, 2024 BY Sam Boughedda

Alpha Group Revenue, Profits Rise in H1 Despite Challenging Market

The company revealed that revenue surged by 16% to over £64 million, driven by growth in both its corporate and institutional divisions. In H1, 2023, the company reported revenue of £55 million. Despite the macroeconomic headwinds, Alpha Group's underlying profit before tax also increased, rising 14% to £22.3 million compared to £19.6 million the previous…

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