Category: Financial Services

FINRA building
June 10, 2025 BY Sam Boughedda

Susquehanna Fined By FINRA

The findings, which Susquehanna accepted without admitting or denying, relate to violations that occurred between February 2021 and May 2023. FINRA's investigation revealed that Susquehanna failed to include the mandatory "No Remuneration" (NR) indicator in TRACE reports for transactions where no commission, mark-up, or mark-down was charged.  “Susquehanna inaccurately reported transactions in TRACE-Eligible Securities without…

Read more
June 10, 2025 BY Sam Boughedda

Guilty Pleas Secured By ASIC in Telegram ‘Pump and Dump’ Action

The scheme involved artificially inflating Australian share prices before selling them at inflated values. ASIC said Larissa Quinlan, Kurt Stuart, Emma Summer, and Syed Yusuf all entered guilty pleas in the Downing Centre Local Court to conspiracy to commit market rigging and dealing with the proceeds of crime.  Ms. Quinlan, Mr. Stuart, and Ms. Summer…

Read more
Virtu Financial
June 10, 2025 BY Sam Boughedda

Virtu Financial and Limina Announce Strategic Collaboration Around TradeOPS Platform

This partnership aims to offer buyside firms a fully integrated, front-to-back workflow. Virtu's TradeOPS platform is designed to automate post-trade workflows, including allocation matching and settlements, with the goal of significantly reducing settlement delays and financial penalties for buyside firms.  The company said that by integrating with Limina’s cloud-native Order and Portfolio Management System (O/PMS),…

Read more
June 09, 2025 BY Sam Boughedda

FCA to Let Firms Experiment with AI Alongside NVIDIA

The initiative forms part of the FCA’s broader strategy to accelerate digital innovation and economic growth.  It is said to give firms access to NVIDIA’s accelerated computing and AI Enterprise Software, along with enhanced datasets, technical support and regulatory guidance. “This collaboration will help those that want to test AI ideas but who lack the…

Read more
June 06, 2025 BY Sam Boughedda

Fiserv to Buy AIB Merchant Services

The financial terms of the deal were not disclosed. The move will see Fiserv, a provider of payments and financial services technology, take full control of one of Ireland’s largest payment solution providers and one of Europe’s major e-commerce acquirers.  The transaction is expected to close in the third quarter. Katia Karpova, Head of the…

Read more
Clearstream
June 05, 2025 BY Sam Boughedda

Clearstream and Azimut Partner to Develop a Digital Solution for Private Market Funds

The collaboration between Clearstream, Deutsche Börse Group’s post-trade services provider, and Azimut, a global asset and wealth manager, is said to be an extension to Clearstream’s automated fund processing platform, Vestima, with a new digital layer built on distributed ledger technology via FundsDLT. The firm explains that the pilot solution introduces an account model allowing…

Read more
June 05, 2025 BY Sam Boughedda

Wise Sees 23% Increase in Cross-Border Volume

In its full-year results, the fintech firm announced that it served 15.6 million active customers over the year, representing a 21% increase from the prior period, with both personal and business segments growing by 22% and 11%, respectively.  Wise attributed the growth to infrastructure investments that delivered “lower fees and faster speeds,” with 65% of…

Read more
CME Group
June 03, 2025 BY Sam Boughedda

CME Group Sees Record Volume Across its Battery Metals Complex

The derivatives marketplace said 2,587 contracts were traded across its suite of battery metals futures and options, surpassing the previous record of 2,301 contracts set on 11 February.  Open interest also reached a new peak of 64,387 contracts. “These new records were driven by our benchmark Lithium Hydroxide and Cobalt Metal futures, which each reached…

Read more