Category: Financial Services

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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HKEX
March 20, 2025 BY Sam Boughedda

OTC Clear to Accept China Bonds as Collateral for All Derivatives

The firm said in a press release that the move expands on an existing framework introduced in January, which allowed these bonds to be used for initial margin requirements under Northbound Swap Connect transactions.  The change means international investors holding these bonds through Bond Connect will have increased flexibility in managing their collateral across a…

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FINRA's 2018 volume tops 2017 activity by 87%
March 20, 2025 BY Sam Boughedda

FINRA Fines National Financial Services for Failing to Timely Transfer Customer Assets

According to FINRA, between April 2009 and May 2023, NFS failed to transfer over 5,600 Unit Investment Trusts (UITs) through the Automated Customer Account Transfer Service (ACATS).  Additionally, the firm reportedly did not process approximately 4,000 of these UITs as in-kind transfers, despite customer instructions, instead redeeming them for cash. FINRA found that some transfers…

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March 19, 2025 BY Sam Boughedda

Fiserv Expands European Presence with CCV Acquisition

The deal is expected to strengthen Fiserv’s position in the European payments market, enabling it to accelerate the deployment of its Clover platform while enhancing its merchant and partner network across the Netherlands, Belgium, and Germany.  Financial terms of the acquisition were not disclosed. Founded in 1958 in Arnhem, CCV has a long history of…

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Hong Kong
March 19, 2025 BY Sam Boughedda

Alpha Group International's 2024 Revenue Jumps, Positive Momentum Continues into 2025

The financial solutions provider saw 20% organic revenue growth, excluding contributions from Cobase, which was acquired in late 2023.  Revenue from the Private Markets (formerly labelled institutional) division increased 20% to £69 million, while the Corporate division grew 21% to £63.8 million.  Cobase contributed £2.9 million, up from just £0.2 million in the prior year.…

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Acuity Trading Barcelona
March 18, 2025 BY Sam Boughedda

Acuity Trading Partners with interop.io to Enhance Operational Efficiency

The collaboration will integrate Acuity’s AI-powered financial analytics with interop.io’s FDC3 framework. It is expected to create a “seamlessly interconnected financial ecosystem.” It is expected to provide real-time market insights within existing workflows, eliminating the inefficiencies of fragmented data sources. “Institutions demand seamless data integration to support workflows and maintain a competitive edge,” Acuity Trading…

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