Category: Financial Services

May 19, 2025 BY Sam Boughedda

Crypto Exchange Provider Cointree Issued $75k in Infringement Notices By AUSTRAC

The penalty was issued under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. It follows Cointree’s voluntary disclosure that it had not submitted SMRs within the required timeframes. AUSTRAC CEO Brendan Thomas said, “SMRs provide AUSTRAC and our law enforcement partners with information about suspected misuse of the financial system and this information goes on…

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HKEX
May 19, 2025 BY Sam Boughedda

HKEX Backs Enhancements to Swap Connect Programme

The enhancements, jointly announced by the Securities and Futures Commission (SFC), the Hong Kong Monetary Authority (HKMA) and the People’s Bank of China last week on Thursday, are expected to allow investors to better manage interest rate risk linked to their renminbi (RMB) holdings. HKEX said its clearing subsidiary, OTC Clear, will work with the…

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financial buildings
May 16, 2025 BY Sam Boughedda

Euroclear Business Income Rises 10% in Q1

According to the firm, the solid performance was driven by increased settlement activity, fixed income issuance, and higher equity valuations amid market volatility. It also helped offset a 10% decline in interest and banking income, which fell to €255 million due to a lower interest rate environment. Increased cash balances partly cushioned the impact. Operating…

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Swiss Stock Exchange
May 15, 2025 BY Sam Boughedda

SIX Announces Executive Board Changes

Tomas Kindler has been appointed Head Exchanges and member of the Executive Board after serving in the role on an interim basis since January.  A long-standing executive at SIX, Kindler has held the role of interim Head Exchanges since January 1, 2025. He previously served as Head Operating Office Exchanges and Head x-clear, and has…

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May 14, 2025 BY Sam Boughedda

Standard Chartered and FalconX Announce Partnership

In the initial phase of the partnership, Standard Chartered will provide FalconX with a “comprehensive suite of banking services,” including access to a broad range of currency pairs and enhanced cross-border settlement infrastructure.  FalconX will also initially integrate Standard Chartered's banking infrastructure. The integration is expected to improve the speed, scale and reliability of FalconX’s…

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Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution
May 14, 2025 BY Sam Boughedda

Broadridge Awarded New Patent on LLM Orchestration of Machine Learning Agents

The firm said in a press release that the technology underpins BondGPT, Broadridge’s generative AI application integrated into the LTX electronic trading platform, and its enterprise version, BondGPT+. Released in 2023, BondGPT and BondGPT+ are said to allow corporate bond traders, portfolio managers and analysts to query complex datasets using natural language.  Broadridge explained that…

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May 14, 2025 BY Sam Boughedda

eToro IPO Priced at $52 a Share

The shares are set to debut on the Nasdaq Global Select Market on 14 May under the ticker symbol "ETOR".  The IPO is expected to raise approximately $620 million, valuing the stock and cryptocurrency trading platform at around $4.2 billion. Founded in 2007, eToro has established itself as a major player in retail investing, competing…

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