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 is effective 1 February 2026. Naeff, who was previously an “entrepreneur in residence” at Techleap, is currently CEO and co-founder of Dutch investment platform BUX. He has nearly two decades of experience in the financial sector, including previous roles as a strategy consultant and senior manager at ING. “With his strong vision and…
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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 deal will see StoneX’s subsidiary, StoneX Financial Europe GmbH, take over the Paris-based firm. Plantureux et Associés, with nearly four decades of experience in agricultural commodities, is seen as a well-established intermediary in France’s cereal market. The firm operates across both physical and derivatives markets and is known for its deep industry expertise and…
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The company made the announcement in a fourth-quarter trading update, saying the updated forecast has been driven by elevated client trading activity in the fourth quarter. The trading platform cited higher-than-expected volatility across several asset classes, particularly in April, which boosted activity. Market consensus currently estimates FY25 revenue at £1.05 billion and adjusted pre-tax profit…
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The new service, HSBC TradePay for Import Duties, is said to enable businesses to streamline duty payments while optimising working capital. By allowing HSBC to settle import duty payments directly, either via pre-agreed credit terms with brokers or through ACH credits, HSBC said clients can access credit and make payments in a single transaction. “Clients’…
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Net income increased 35% to $71.7 million, while diluted earnings per share rose 29% to $1.41. Executive Vice Chairman Sean O’Connor credited the gains to “solid performance across a wide range of our products and segments,” citing increased market volatility and strong client engagement as positive drivers. Return on equity rose to 15.7%, up from…
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The move strengthens CMC’s position in the digital asset space, with the FTSE 250-listed financial services provider also increasing its holdings of the STRX token from 10 million to 15 million. The expanded partnership is said to mark a new phase in the collaboration between the two companies. “This agreement represents a major step forward…
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The company introduced a new FX solution that aims to lower costs and improve risk forecasting for businesses navigating currency volatility. At the core of the collaboration is Ant’s proprietary Time-Series Transformer (TST) AI FX Model, which is said to forecast cashflow and foreign exchange exposure with over 90% accuracy. The model, trained using time-series…
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The company explained that the partnership integrates Visa Direct, Visa’s real-time payments solution, into the Webull U.S. platform. This is said to enable instant transfers between Webull brokerage accounts and external bank accounts, an upgrade from traditional methods such as ACH transfers, which can take several days. "Webull has always been committed to improving access…
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