Category: Financial Services

financial buildings
March 26, 2025 BY Sam Boughedda

Affirm Deepens Multi-Year Agreement with J.P. Morgan Payments

The expanded agreement, announced Tuesday, is expected to enable businesses using J.P. Morgan Payments’ network to integrate Affirm’s flexible financing options at checkout.  The company explained that it will allow consumers to select biweekly or monthly payment plans, with no late or hidden fees.  Affirm’s technology supports transactions ranging from $35 to $30,000 with repayment…

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Robinhood
March 26, 2025 BY Sam Boughedda

John Hegeman Appointed to Robinhood Board

The brokerage highlighted Hegeman’s extensive expertise in digital advertising, product development, and business strategy. Hegeman currently serves as Chief Revenue Officer at Meta, where he leads the company’s global monetisation strategy.  Since joining Meta in 2007, he has reportedly played a key role in shaping its advertising business, overseeing teams across ads, Feed, Stories, notifications,…

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HKEX
March 25, 2025 BY Sam Boughedda

HKEX Lists Asia’s First Single Stock Leveraged and Inverse Products

The firm announced the move on Monday. It further expands its exchange-traded product (ETP) offerings. The new products, managed by CSOP Asset Management Limited, provide directional exposure to the daily returns of highly liquid overseas stocks.  They include leveraged (2x) and inverse (-2x) products tracking companies such as NVIDIA, Tesla, Coinbase, MicroStrategy, and Berkshire Hathaway.…

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Trading on a mobile
March 24, 2025 BY Sam Boughedda

21Shares Expands in Europe With New Nasdaq Stockholm Listings

The newly listed products include the 21Shares Bitcoin Core ETP (CBTC), the 21Shares Solana Staking ETP (ASOL), and the 21Shares XRP ETP (AXRP).  The firm feels the listings strengthen its presence in the Nordic market, which has seen growing demand for crypto investment products. 21Shares Bitcoin Core ETP is said to offer 100% physically backed…

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Swiss Stock Exchange
March 24, 2025 BY Sam Boughedda

nxtAssets Becomes New Crypto ETP Issuer at SIX Swiss Exchange

The firm has launched two new products backed by Bitcoin and Ethereum, SIX said in a press release.   With the addition, nxtAssets becomes the 18th issuer of crypto ETPs on SIX, bringing the total number of listed crypto products to 398.  “This launch addresses the increasing demand for crypto exposure,” stated SIX. Both ETPs are…

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March 24, 2025 BY Sam Boughedda

Plus500 Agrees Deal to Acquire Mehta Equities Limited

The move marks the company's expansion into India's futures trading market. Mehta Equities, founded in 1995 by Rakesh Mehta, provides broking services, portfolio management, investment banking, and custodian services.  It is regulated by the Securities and Exchange Board of India (SEBI) and holds memberships with key Indian exchanges, including the National Stock Exchange (NSE) and…

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Hong Kong
March 21, 2025 BY Sam Boughedda

Compagnie Financière Tradition Revenue Jumps 11% in 2024

The Swiss-based interdealer broker revealed an operating profit rise of 23.2% at constant exchange rates to CHF 152.4 million, while net profit attributable to the group surged 27% to CHF 115.6 million. Basic earnings per share climbed 23.2% to CHF 15.09. CFT’s interdealer broking business, which accounts for the majority of its operations, generated CHF…

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FINRA
March 21, 2025 BY Sam Boughedda

Tigress Financial Partners Fined by FINRA

According to FINRA’s disciplinary notice, posted on Thursday, Tigress onboarded hundreds of high-risk foreign customers between 2018 and 2022, but failed to implement adequate AML procedures to monitor and report suspicious transactions. Furthermore, the regulator says the firm did not tailor its compliance programme to its evolving customer base, which accounted for a majority of…

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March 21, 2025 BY Sam Boughedda

Kraken to Acquire NinjaTrader in $1.5 Billion Deal

The deal marks the largest-ever merger between traditional finance and crypto. Kraken added that the move also strengthens its position as a 24/7 multi-asset trading platform. Founded in 2003, NinjaTrader serves nearly two million traders and operates as a CFTC-registered Futures Commission Merchant (FCM).  The acquisition provides Kraken with a direct pathway into the U.S.…

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