Category: Financial Services

May 22, 2025 BY Sam Boughedda

ASX Partners With Beeks Group On New Colocation Infrastructure Service

The service is said to offer customers scalable, secure access to infrastructure directly connected to the Australian Liquidity Centre (ALC), ASX’s data centre located at the heart of the country’s financial markets.  Built on Beeks’ Exchange Cloud platform, ASX said Colo OnDemand provides private cloud computing and high-performance trading infrastructure on demand. Jamie Crank, ASX’s…

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May 22, 2025 BY Sam Boughedda

Worldpay Continues Expansion into Latin America

Furthermore, the company said in a press release that the move enables local merchants to connect with global markets. The payments technology leader already operates in Argentina, Brazil and Mexico. With Colombia now added to its regional footprint.  Worldpay stated that it aims to support both local businesses seeking international growth and global brands targeting…

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Euronext
May 22, 2025 BY Sam Boughedda

Euronext Launches an Offering of Bonds Due 2032

The firm revealed that the offering is being conducted through a private placement to qualified investors only, excluding retail investors.  The bonds will pay a fixed annual coupon of between 1.5% and 2.0%, with interest payable semi-annually.  The initial conversion price will be set 30% to 35% above Euronext’s reference share price on Euronext Paris,…

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FINRA's 2018 volume tops 2017 activity by 87%
May 21, 2025 BY Sam Boughedda

AAG Capital Fined $100k by FINRA

The Florida-based brokerage firm was also ordered to pay $38,591.39 in restitution to affected customers and undertake corrective measures. According to FINRA, between February 2021 and the present, AAG Capital did not implement a system reasonably designed to comply with Regulation Best Interest (Reg BI) when recommending registered index-linked annuities (RILAs) to retail clients.  The…

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CME Group
May 21, 2025 BY Sam Boughedda

CME Group Announces First XRP Futures Trades

The initial day of trading saw more than $19 million in notional volume. The contracts are offered in two sizes: a micro contract of 2,500 XRP and a larger 50,000 XRP contract.  Both are cash-settled against the CME CF XRP-Dollar Reference Rate, which is calculated daily at 4:00 p.m. London time. “We are pleased to…

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May 20, 2025 BY Sam Boughedda

HKEX Appoints Herbert Hui as New Chief Financial Officer

Hui succeeds Vanessa Lau, who will remain as HKEX Chief Operating Officer following a decade overseeing the exchange’s finance functions, including five years as Group CFO. In his new role, Hui will oversee HKEX’s Financial, Treasury and Investor Relations functions and will report to Chief Executive Officer Bonnie Y Chan. He will also join the…

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FINRA building
May 20, 2025 BY Sam Boughedda

FINRA Fines Wells Fargo Clearing Services For Supervisory System Failures

The regulator said the company failed to maintain adequate safeguards for customer information over an eight-year period. Between January 2014 and March 2022, FINRA claims it found that Wells Fargo did not have a supervisory system or written procedures reasonably designed to protect client data.  They explained that when certain registered representatives left the firm,…

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May 20, 2025 BY Sam Boughedda

ASIC Cancels Calaite Capital Partners Licence

The move comes after compensation was paid to consumers under the Compensation Scheme of Last Resort (CSLR). ASIC said Calaite Capital failed to comply with two determinations issued by the Australian Financial Complaints Authority (AFCA) on 8 July and 31 October 2024.  The firm did not pay the required compensation, prompting the CSLR to step…

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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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