Category: Financial Services

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
May 30, 2025 BY Sam Boughedda

Oanda Fined $600k By the National Futures Association

The New York-based retail foreign exchange dealer, which is owned by proprietary trading firm FTMO, agreed to the settlement without admitting or denying the allegations, according to a decision published by the NFA’s Business Conduct Committee (BCC) on Wednesday. The BCC found that Oanda failed to properly increase its net capital in accordance with liabilities…

Read more
financial buildings
May 29, 2025 BY Sam Boughedda

Euroclear and Marketnode Partner On Fund Order and Processing Solution

The solution is aimed at streamlining the investment fund landscape in Singapore. The new offering combines Euroclear’s global fund platform, FundsPlace, with Marketnode’s blockchain-enabled infrastructure, Fundnode. The companies said it is expected to simplify the lifecycle of retail and institutional fund orders.  The service aims to reduce manual processing, improve reconciliation, and accelerate settlement times.…

Read more
FINRA's 2018 volume tops 2017 activity by 87%
May 28, 2025 BY Sam Boughedda

Public Investing Fined $350k By FINRA

According to a letter of acceptance, waiver, and consent, published by FINRA, the New York-based brokerage firm paid more than 100 influencers to promote its services on platforms like Instagram and YouTube between January 2020 and March 2023.  These paid posts, which attracted over 23,000 new accounts, are said to have often included misleading or…

Read more
Swiss Stock Exchange
May 28, 2025 BY Sam Boughedda

SIX Chairman Thomas Wellauer to Stand Down at AGM in 2026

It will conclude a six-year tenure for Wellauer at the helm of the Swiss financial market infrastructure provider. He informed the Board of Directors that he will not stand for re-election, initiating a leadership transition process.  Wellauer was appointed chairman in 2020 with a mandate to position SIX for long-term strategic and operational success. Under…

Read more
Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution
May 28, 2025 BY Sam Boughedda

Broadridge Partners With Novisto on Data Management and Reporting Platform

The platform is designed to help companies meet the growing global demand for sustainability disclosures. The collaboration combines Novisto’s advanced sustainability reporting technology with Broadridge’s established issuer services, which support over 3,400 U.S. public companies.  Broadridge and Novisto said they will deliver a “unique market-leading suite of solutions” that creates a one-stop shop for sustainability…

Read more