The exchange also recorded an average daily volume of 10 million contracts, around 6 million of which were commodity-related. ICE’s energy markets led the charge, with a record 673.4 million energy contracts traded. Oil futures and options accounted for 400.8 million contracts, while natural gas trading reached 250.8 million. Environmental markets also saw growth, hitting…
Read more
The group is now evaluating the return of banking licences held by two of its key subsidiaries: Eurex Clearing AG and Clearstream Banking AG. The move comes after amendments to the European Central Bank’s Target guideline and changes to the Central Securities Depositories Regulation (CSDR Refit). Eurex Clearing, a major central counterparty (CCP) in the…
Read more
The platform, scheduled to go live on 8 September 2025 pending regulatory approval, will operate within Cboe’s existing Lit order book. Cboe explained that retail investors using participating brokers will be able to execute trades at or better than the European Best Bid and Offer (EBBO) without incurring fees. The service will cover more than…
Read more
The move is said to mark a significant step toward more customisable and efficient investment solutions for asset managers. The initiative involved tokenising euro- and Swiss franc-denominated corporate bonds held in custody at SIX SIS, before allocating fractional portions to portfolios managed by Pictet Asset Management. The assets were processed via the SDX platform, SIX’s…
Read more
The penalty, reduced from over £30 million, follows an FCA investigation into serious weaknesses in Monzo’s financial crime controls in a period when the digital bank grew rapidly to serve more than 12 million customers. The FCA found that Monzo failed to verify customer addresses for most personal account holders, despite stating it only served…
Read more
The violations are said to include failing to maintain the required net capital while conducting securities business. According to a Letter of Acceptance, Waiver, and Consent published by FINRA, the Colorado-based municipal bond dealer operated below its minimum capital requirements in March 2022, breaching the Securities Exchange Act and several FINRA rules. The regulator also…
Read more
The initiative marks a significant expansion of Euronext’s clearing capabilities and is considered a key element of its Innovate for Growth 2027 plan. Announced on July 8, the company explained that the Repo Foundation aims to expand access to repo markets, improve collateral use, and challenge legacy clearing models. It builds on Euronext’s established presence…
Read more
The fintech firm announced that seven financial institutions have already onboarded its service since its launch in late 2024, enabling real-time payments through connectivity with the European Central Bank’s Target Instant Payment Settlement (TIPS) system. “With instant payments now a regulatory necessity, financial institutions are actively looking for scalable and cost-efficient solutions that ensure seamless…
Read more
In a statement released on July 7, the Australian Securities and Investments Commission (ASIC) said Mr King was “not a fit and proper person” to operate in the sector and was likely to breach financial services law again. ASIC said it found that Mr King concealed information from clients, submitted false documents, misused funds to…
Read more
Kevin Fan will join as Managing Director and Head of FIC Product Development on August 12, 2025. Reporting to Head of Markets Gregory Yu, HKEX said Fan will lead the development of new fixed-income products and enhancements to support investors’ trading and risk management needs. HKEX Chief Executive Officer Bonnie Y Chan said: “He [Kevin…
Read more