Category: Financial Services

Barclays office building
May 07, 2025 BY Sam Boughedda

Ant International, Barclays Partner on Global Treasury Management with AI-Powered FX Model

The company introduced a new FX solution that aims to lower costs and improve risk forecasting for businesses navigating currency volatility. At the core of the collaboration is Ant’s proprietary Time-Series Transformer (TST) AI FX Model, which is said to forecast cashflow and foreign exchange exposure with over 90% accuracy.  The model, trained using time-series…

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alpha fx group plc lse listing
May 06, 2025 BY Sam Boughedda

Alpha Group International Rejects Corpay Acquisition Proposal

In a statement, Alpha said it had carefully reviewed the conditional proposal with its financial advisers before deciding to reject the offer. The company did not disclose financial details of Corpay’s bid. Corpay, a Georgia-based provider of business payments and spend management solutions, had previously confirmed it was in discussions with Alpha regarding a potential…

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Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution
May 06, 2025 BY Sam Boughedda

Broadridge Financial Announces Enhancements to OpsGPT

The company said it has introduced new capabilities designed to enhance efficiency and reduce risk for global financial institutions. The enhancements, announced on Tuesday, include tools for fails research, inventory optimisation, and email integration automation.  OpsGPT is said to now leverage “agentic” AI capabilities to provide real-time operational intelligence, helping firms streamline workflows, manage capital…

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Tradeweb
May 01, 2025 BY Sam Boughedda

Tradeweb Markets Quarterly Revenue Rises 25%

The global operator of electronic marketplaces also posted record trading volumes across a range of asset classes. Average daily volume (ADV) reached $2.5 trillion for the quarter, up 33.7% compared to the same period in 2024.  The firm saw new quarterly ADV records in U.S. and European government bonds, mortgages, credit swaps, global repurchase agreements,…

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Interactive Brokers
May 01, 2025 BY Sam Boughedda

Interactive Brokers Fined $400k by FINRA

In a letter of acceptance, waiver, and consent published on May 1, FINRA stated that the firm failed to accurately report statistical and summary information regarding written customer complaints from January 2020 through June 2022, in violation of FINRA Rule 4530.  During this period, the regulator said that at least 300 complaints went unreported, including…

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Cboe
April 30, 2025 BY Sam Boughedda

Cboe Futures Exchange Begins Trading in Cboe FTSE Bitcoin Index Futures

The contracts began trading Tuesday on the Cboe Futures Exchange (CFE), offering cash-settled exposure to bitcoin through the FTSE Bitcoin Reduced Value Index. The exchange stated that the new XBTF futures provide institutional and professional investors with a tool to gain or hedge bitcoin exposure. XBTF futures are cash-settled contracts. "As customer demand for crypto-based…

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Deutsche Börse
April 29, 2025 BY Sam Boughedda

Deutsche Börse Posts 6% Revenue Rise in Q1

The firm said EBITDA increased by 4% year-on-year to €912.3 million, while net revenue excluding treasury results — the group’s preferred metric for managing performance — rose by 10% to €1.28 billion, slightly exceeding expectations. EBITDA on the same basis climbed 11% to €681.9 million. Net profit attributable to shareholders stood at €524.9 million, with…

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April 29, 2025 BY Sam Boughedda

Mastercard Unveils New Capabilities to Power Stablecoin Transactions

The global payments giant said it is aiming to bring digital currencies into the mainstream by enabling transactions from wallets to checkouts. The initiative is part of Mastercard’s broader strategy to integrate blockchain-based assets into traditional finance.  The company has partnered with OKX and Nuvei to support stablecoin transactions across its network, allowing consumers to…

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