ECB Cuts The European Central Bank (ECB) led the charge with a deposit facility rate cut, emboldened by inflation settling near its 2% target and an improving, albeit gradual, economic recovery within the Eurozone. Lower energy prices, coupled with slower wage growth and a stronger euro, have provided the ECB with the necessary leeway to…
Read more
The Canadian market entry is the latest in a series of strategic initiatives undertaken by Plus500 to fuel growth. In March, the company acquired Indian financial services firm Mehta Equities for approximately $20 million, signaling its intent to tap into emerging markets. This acquisition, coupled with regulatory approvals in regions like the UAE, demonstrates Plus500's…
Read more
According to reports, X CEO Linda Yaccarino confirmed at the Cannes Lions festival that users will “soon” be able to “transact your whole financial life on the platform.” She added that it could include paying for a pizza, “or making an investment or a trade.” The app is also reportedly developing a digital wallet and…
Read more
The move expands the bank’s wealth management services for high-net-worth and ultra-high-net-worth clients. The transaction will see Burgundy, an independent wealth manager with around $27 billion in assets under management as of May 31, integrated into BMO Wealth Management. Burgundy’s expertise is said to be in its discretionary investment management for private clients, foundations, pensions,…
Read more
Moulds, who also currently serves as a senior independent director and the risk committee chair at IG Group, brings more than 25 years of international financial services experience, having held senior executive positions across the UK, US, and Asia. He is already familiar with Citi, serving as Chair of its international broker-dealer, Citigroup Global Markets…
Read more
The new record comes as market capitalisations in the US continue to rise. As of 2025, DTC’s total assets under custody reached $100.3 trillion, up from $73.5 trillion in 2020 — a 37% increase. Growth was said to be broad-based, with equities climbing 49% to $74.1 trillion and exchange-traded funds doubling to $11 trillion. Money…
Read more
The expansion includes a wide selection of cross-currency pairs, as well as crosses involving precious metals and cryptocurrencies. The newly introduced instruments are immediately available for trading via JForex, with updates for MetaTrader 4 and MetaTrader 5 platforms expected soon. The move is part of Dukascopy’s aim to deliver a comprehensive and flexible trading environment. …
Read more
The collaboration is said to enable traders to execute FX spot, non-deliverable forward (NDF), and precious metals trades through their existing workflows without incurring additional fees or investing in new technology. Furthermore, the integration supports both passive and aggressive order types via GUIs, APIs, pre-built algorithms, and risk warehouses, said the firm. Paul Houston, Global…
Read more
The move is designed to enhance trading flexibility and operational efficiency for its clients. The joint offering is said to enable professional traders to manage futures, equities, and options strategies from a single interface, all cleared through Wedbush. By streamlining access across asset classes, Wedbush said the platform aims to meet growing demand for seamless…
Read more
Built on the blockchain-based FundsDLT platform and integrated with Clearstream’s existing Vestima system, the company said the solution is being piloted with selected clients before a broader rollout. It is said to target long-standing inefficiencies in private market fund distribution by automating key processes and enhancing transparency across the value chain. According to Clearstream, the…
Read more