News Centre

Ripple Receives In-Principle Licence Approval From Dubai Financial Services Authority - Dubai Financial Services Authority Approval Unlocks Ripple’s End-To-End Payment Services In The UAE, Boosting Middle East Operations

Date 01/10/2024

Ripple, the leading provider of digital asset infrastructure, has secured in-principle approval from the Dubai Financial Services Authority (DFSA) to expand its services from the Dubai International Financial Centre (DIFC). This milestone significantly strengthens Ripple’s global footprint as a regulated entity and enables the introduction of seamless cross-border payment services, including Ripple Payments Direct (RPD), in the United Arab Emirates (UAE). 

LSEG: AI Set To Revolutionise Wealth Management Operations

Date 01/10/2024

• Nine in ten investors believe AI can be used effectively for researching financial products and services; eight in ten say AI can better support advisors in portfolio management.
• 68% of investors expect their digital experiences with wealth management firms to match those of leading technology companies, increasing emphasis on omnichannel delivery
• The survey suggests a hybrid advisory model will soon be the norm with investors welcoming AI being used in the investment journey

Euroclear Group Structure Update

Date 01/10/2024

Euroclear has completed today the previously announced simplification of its Group structure, whereby two out of the four financial holding companies of the Euroclear group, Euroclear AG and Euroclear Investments SA/NV, were successively merged into Euroclear Holding SA/NV, the ultimate parent entity of the Euroclear group.

Boerse Stuttgart Records September Turnover Of Around EUR 7,6 Billion - Increases In Equities And Exchange-Traded Products Compared To The Same Month Of The Previous Year

Date 01/10/2024

Boerse Stuttgart is the German exchange of Boerse Stuttgart Group. The European group also operates exchanges in Sweden and Switzerland.

Boerse Stuttgart Group Sets The Course For The Digitalization Of The European Capital Market With ECB Blockchain Tests - Comprehensive Test Of Secondary Market Transactions With Tokenized Securities And Central Bank Money - Settlement Time Reduced From Two Days To Just A Few Minutes - Six Partner Banks And Bundesbank Involved

Date 01/10/2024

As part of the European Central Bank's (ECB) explorations, Boerse Stuttgart Group has tested the settlement of exchange transactions with blockchain-based securities against central bank money for the first time. The successful test marks a significant progress in the development of a digital capital market.

BIS Latest Update October 2024: Lessons On Bank Turmoil, Carry Trade

Date 01/10/2024

Carry off, carry on

Markets’ hypersensitivity to macroeconomic news and the unwinding of leveraged positions resulted in sharp but short-lived volatility.

Solactive Appoints Nicolas Bös As Chief Technology Officer

Date 01/10/2024

Solactive is pleased to announce the appointment of Nicolas Bös as the company’s Chief Technology Officer (CTO). In this role, Mr. Nicolas Bös will oversee Solactive’s  Technology Department, including Data Platform, Indexing Platform and IT operation across all locations. This strategic move highlights Solactive’s ongoing commitment to innovation as well as strengthening its technological foundation to further enhance its industry-leading indexing and data solutions.

CME Group To Launch Yen- And U.S. Dollar-Denominated Micro Nikkei Futures On October 28

Date 01/10/2024

CME Group, the world's leading derivatives marketplace, today announced it will expand its suite of Nikkei 225 futures contracts with the addition of yen- and U.S. dollar-denominated Micro Nikkei futures on October 28, pending regulatory review.

BMLL Secures $21m Strategic Investment To Supercharge Growth

Date 01/10/2024

• Optiver leads latest funding round, with continued backing from existing investors Nasdaq Ventures, FactSet and IQ Capital’s Growth Fund 
• CTC Venture Capital joins the funding round as additional investor
• Optiver investment firmly cements buy-to-build model for deploying best-of-breed historical market data sources into existing, production-ready environment 
• BMLL historical data to power Optiver algo development, execution analysis and surveillance

EGX Chairman & Head Of Commercial Representation Inaugurate A Virtual Workshop For Members Of The Commercial Representation Authority

Date 01/10/2024

Last Thursday, September 26, 2024, Ahmed El-Sheikh, Executive Chairman of The Egyptian Exchange (EGX), and Yehia El-Watheq Billah, Minister Plenipotentiary - Head of the Commercial Representation Office, inaugurated the virtual workshop to activate the protocol signed between EGX and the Commercial Representation Office on July 2, 2024, the event included participation from heads of commercial offices abroad. The aim was leveling cooperation through the exchange of information and data, as well as to increase the promotional role of foreign commercial representation offices regarding the promotional activities of EGX.