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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The regulator alleged "repeated and systemic misleading conduct" over more than 14 years relating to short sale reporting. Filed in the New South Wales Supreme Court, the case marks ASIC’s first enforcement action involving short sale reporting. The regulator claims MSAL misreported at least 73 million short sales between December 2009 and February 2024, potentially…
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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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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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The firm said the move reflects growing demand for market data and analytics across the region. Mr. Nakagawa, based in Japan, will focus on market data sales, while Mr. Zou, based in Singapore, will lead the growth of analytics and indices services. Their appointments are part of Cboe’s strategy to strengthen its presence in Asia…
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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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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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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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The move, which is also expected to reinforce SET’s role as a regional financial hub, will see it promote the adoption of Nasdaq’s advanced risk and surveillance platforms across its member community. The initiative builds on SET’s prior deployment of Nasdaq technology and aims to drive consistency and transparency across Thailand’s capital market infrastructure. “This…
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The company has made the move as it plans to scale generative AI across the business. The Spanish banking group first partnered with OpenAI in May 2024, trialling the secure enterprise version of ChatGPT to streamline internal operations and boost innovation. One year on, the bank said that over 80% of licensed users report using…
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