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Beeks Wins Multi-Year Exchange Cloud Contract With nuam
The AIM-listed cloud computing and connectivity provider said the agreement will see it deploy its Exchange Cloud infrastructure to support domestic and international clients onboarding onto nuam’s trading ecosystem across all three markets.
nuam is the first multi-country integrated exchange in Latin America, bringing together the Santiago Stock Exchange in Chile, the Bolsa de Valores de Lima in Peru and the Bolsa de Valores de Colombia under a single market architecture.
Under the revenue-share arrangement, Beeks will provide cloud infrastructure to support trading activity across the unified platform.
The service is expected to go live in the third quarter of Beeks’ 2026 financial year, with revenue recognition beginning shortly thereafter. The company believes the contract underpins its FY26 expectations and increases the level of contracted, multi-year recurring revenue.
The nuam agreement marks the seventh exchange to adopt Beeks’ Exchange Cloud product, highlighting growing global traction for the offering.
The revenue-share model is expected to continue to support shorter sales cycles and is contributing to the expansion of the Exchange Cloud opportunity.
Chief executive Gordon McArthur stated that nuam’s creation represents a significant development for capital markets in the region and described the partnership as a further endorsement of the Exchange Cloud proposition as exchanges modernise their trading environments.
He added that the group remains confident in its outlook, supported by recurring revenue growth and a robust sales pipeline.
Juan Pablo Córdoba, chief executive of nuam, said the agreement supports the group’s ambition to build Latin America’s first fully integrated multi-country exchange, offering greater liquidity, transparency and efficiency across the region.
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AUSTRAC Refuses Registration Renewal for Raiyyan Exchange After Compliance Failures
AUSTRAC’s decision is said to have followed the identification of serious deficiencies in Raiyyan Exchange’s ability to “understand, manage and mitigate its money laundering and terrorism financing risks.”
As a result, the firm is no longer permitted to offer money transfer services, with providing remittance services without registration constituting a criminal offence.
The regulator worked closely with the New South Wales Police Force in forming its view.
Acting AUSTRAC CEO Katie Miller commented that businesses that fail to meet their anti-money laundering and counter-terrorism financing obligations pose an unacceptable risk to the financial system.
She warned that weak compliance creates opportunities for criminal exploitation and stressed that registered businesses risk losing their licence to operate if obligations are not met.
NSW Police Force Detective Superintendent Peter Faux said remittance providers remain a vulnerable sector exploited by organised crime, with authorities continuing to monitor and investigate risks.
AUSTRAC urged consumers and businesses to check its remittance sector register before sending money overseas to ensure providers are properly registered. It also highlighted the heightened risks associated with offsetting arrangements.
While acknowledging the role such arrangements can play in financial inclusion, AUSTRAC highlighted that firms must monitor both sides of transactions and promptly report suspicious activity.
Ms Miller added that the regulator would continue to take strong enforcement action to protect the integrity of Australia’s financial system.
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BGC Group to Sell kACE Financial in Deal Valued Up to $119m
Under the terms of the deal, BGC will receive an initial payment of $80 million, with up to a further $39 million in contingent consideration tied to performance metrics.
Some of the additional cash is expected to be received in 2026. The transaction is expected to close by the end of 2025.
kACE provides real-time pricing and advanced analytics platforms for complex foreign exchange derivatives.
BGC believes the sale demonstrates its ongoing commitment to unlocking value for shareholders while sharpening its focus on higher-margin, technology-driven businesses.
Co-chief executive Sean Windeatt said BGC was proud of the franchise built by the kACE team and described the transaction as delivering “significant value” while positioning kACE for growth under new ownership.
He added that BGC would continue expanding its Fenics platforms across multiple asset classes.
SmartTrade chief executive David Vincent stated that the acquisition was a “transformational moment” for joint clients, bringing together kACE’s FX derivatives expertise with smartTrade’s multi-asset trading and payments capabilities.
BGC noted that any gains from the sale will be included in its consolidated results under U.S. GAAP but excluded from adjusted earnings.
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FINRA Fines Kingswood $150,000 Over Supervision Failures
Under a settlement agreement, Kingswood accepted FINRA’s findings without admitting or denying them.
FINRA said the violations occurred between March and June 2019, when the firm failed to reasonably supervise a former registered representative’s recommendations of illiquid alternative investments, including GWG Holdings’ L Bonds.
FINRA stated that it found Kingswood did not maintain written supervisory procedures that were reasonably designed to assess concentration risks in illiquid products.
The regulator noted that the firm’s procedures failed to specify how supervisors should evaluate overconcentration or what steps should be taken when red flags were identified.
The case centred on recommendations made to three senior customers, aged between 66 and 81, with moderate risk tolerances and limited financial resources.
Kingswood reportedly approved transactions that resulted in some customers having between 25% and 96% of their net worth concentrated in illiquid alternative investments.
GWG Holdings later defaulted on its obligations to L Bond investors in January 2022 and filed for bankruptcy that April.
FINRA said Kingswood’s failures breached Rules 3110 and 2010, which require firms to maintain effective supervisory systems and observe high standards of commercial honour.
In addition to the $150,000 fine, Kingswood was formally censured and agreed not to contest the sanctions or claim an inability to pay.
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Paxos Secures OCC Approval to Become Federally Regulated Trust
The conversion will bring all of Paxos Trust Company’s U.S.-based activities under OCC supervision, providing a single federal regulatory framework for its stablecoin issuance, brokerage, custody and settlement services.
Paxos stated that the move would allow enterprises to operate digital asset products across all 50 U.S. states with greater regulatory clarity.
Chief executive and co-founder Charles Cascarilla commented that the approval marks a new phase for the company after a decade as a regulated entity under the New York Department of Financial Services.
He said federal oversight would enable clients to “innovate, incubate and grow digital asset businesses safely and seamlessly within the U.S.”
Under the OCC charter, Paxos expects to offer a unified, enterprise-grade platform for stablecoin issuance and settlement, while ensuring compliance with evolving U.S. regulations, including upcoming GENIUS rules.
The company believes the approval strengthens its position in regulated stablecoins.
PayPal USD is set to become the largest U.S. dollar-backed stablecoin issued by a federally regulated entity, while PAXG will be the only gold-backed digital asset issued under federal regulatory oversight.
Paxos said customers should expect continuity of service as GENIUS regulations are implemented, with the conversion designed to future-proof its platform and reduce operational complexity for institutional partners.
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Circle Wins OCC Nod for National Trust Bank
The approval would allow Circle to launch First National Digital Currency Bank, N.A., a federally regulated trust bank that would oversee the management of the USDC Reserve under OCC supervision.
Circle said the move strengthens the infrastructure supporting USDC, the world’s largest regulated stablecoin, and supports compliance with the GENIUS Act, which became U.S. law in July 2025.
Once fully approved, the bank would enhance regulatory oversight of the USDC Reserve and enable Circle to offer fiduciary digital asset custody and related services to institutional clients.
Circle added that the charter would also help align its U.S. operations with global regulatory standards for stablecoins and digital financial infrastructure.
Chief executive Jeremy Allaire said the conditional approval deepens Circle’s commitment to “the highest standards of trust and compliance” and provides greater clarity for institutions seeking to build on its platform as stablecoins move further into mainstream finance.
Circle submitted its application to the OCC on 30 June 2025. The firm also holds licences in the UK, Singapore and Bermuda, and received approval in 2025 to operate as a money services provider in Abu Dhabi.
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Capital flows out of the US after FED
However, traders are already starting to discount the dovishness of a supposed new FED’s president Kevin Hassett, who is known for his dovish rethorics. He had mentioned earlier this week that there might be even more than 3 rate cuts.
Euro, Yen and other major currencies are driven by hawkish narratives, in comparison to the US dollar. For example, the yield of 30-year bonds of Germany had reached yet another peak.
Other than declining the interest rates, the FED had announced buybacks of short-term bonds (T-bills) for about 40 billion monthly, which pushes down the real interest rate and brings some liquidity to the markets: that’s considered mildly positive news for stocks, metals and crypto.
The US stocks indices, however, struggle to maintain the momentum, whereas metals display a solid rally, having driven Gold above $4300, and silver to the new historical high. Platinum and palladium have set new intermediate-term highs too.
Bitcoin struggles to keep the momentum, having locked in a relatively narrow trading range near 92000 – 93000 price area. After the substantial outflow from Bitcoin ETFs and the rotation from crypto back to fiat assets, Bitcoin tries to find some demand back.
So far, the main driving narrative now is the differential between US and European assets, in favor of the latter. Chinese stocks also attract a significant amount of capital flows and hedge funds prepare for a rally, as Bloomberg experts say. Let’s dive into potential opportunities, given the information above.
DAX
DAX is setting up for the breakout of the massive consolidation pattern, having been built since June 2025. Despite the end of dovish monetary policy in the EU, inflation keeps steady around 2.3%. German bond yields have reached another peak, and stocks might attract some capital flows too, as yields are not expected to continue rising.
European stocks look like a balanced decision given the pressure on the US dollar and overheated AI sector. Before breaking to the new peak, DAX is supposed to test the 20-day moving average, as the probability of immediate continuation is relatively low.
DE30. Source: Exness.com
HANG SENG
The Hang Seng index is locked in a consolidation, right above the 200-day moving average.
The market loses volatility, and in order to find a trigger for the move, it may need to test the strategic support zone below (200-day moving average).
That’s the common pattern for the triangular formation – it might be shaken to both sides with quick price impacts before determining the direction.
The logical destination for the move would be the 24500 area: after testing this area, the market may reverse higher and find a buying pressure as shown at the chart below.
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Partnership at the core: Inside Exness’ growth strategy in Sub-Saharan Africa
Exness is already a major global broker. Why invest further in Sub-Saharan Africa, and why now?
Africa is one of the most dynamic regions for financial growth. What we are seeing is not just expansion but the rise of an informed and ambitious generation that values access, control, and fairness in the way they trade.
Our presence in Sub-Saharan Africa is not new, as we have been supporting traders in the region for several years. We are now taking the next step, establishing a physical presence, investing in local talent, and strengthening our relationships with partners and communities.
This moment is about building on those connections through people, infrastructure, and expertise that will support traders for the long term. The region’s trading community is growing quickly and becoming more sophisticated. By investing now, we ensure that Exness continues to meet these evolving expectations with professionalism and transparency.
How important is regulation in your approach to expanding across the region?
Regulation is essential. In markets where unlicensed brokers have often focused on short-term gains, strong oversight creates the structure needed for trust and long-term growth.
We see regulation not as a limitation but as a framework that protects traders and strengthens the entire industry. This is why we work closely with regulators to understand local conditions, ensure full compliance, and help raise the overall standards of the market.
More specifically, Exness has a Financial Services Provider (FSP) license and an Over-the-Counter Derivative Provider (ODP) license.
For us, expanding responsibly means working hand in hand with local authorities, maintaining transparency, and helping create a trading environment where confidence is built through accountability.
Partnerships are central to your growth model. How do they shape Exness’ growth in Sub-Saharan Africa?
Partnerships are built on mutual trust and shared ambition. Our partners act as local ambassadors for Exness, bringing cultural understanding, credibility, and strong market knowledge. In return, we provide a globally trusted platform and transparent trading conditions.
We understand that every partner has a unique business model, so our approach is always flexible. We offer two main pathways:
Introducing Broker (Revenue share model): Ideal for relationship builders such as coaches, mentors, and community leaders. They focus on education and long-term client support, earning a sustainable, lifetime revenue share based on client activity.
Affiliate Program (CPA, Cost per action model): Designed for digital professionals, from financial content creators to blog owners. They specialize in generating traffic and building social media groups around the finance industry, preferring fixed, high payouts that can be reinvested to grow their campaigns. Our daily CPA model supports exactly that.
Both programs are built to help partners grow on their own terms. They are supported by transparent structures, real-time assistance, and reliable systems that create confidence and long-term success.
How much of Exness’ regional growth is driven by the local entrepreneurial spirit?
A great deal of it. South Africa boasts an impressive culture of entrepreneurship, one that is digital, resourceful, and ambitious. Our partnership programs build on that energy by offering structure, support, and credibility to help entrepreneurs grow their businesses.
Many of our partners are financial educators and community leaders, and through our programs, they gain access to business training, localized support, and globally competitive compensation. These tools help turn ideas into sustainable ventures and nurture a new generation of financial entrepreneurs across the region.
Ultimately, our partners are more than just collaborators. They are co-creators of a strong and mature trading ecosystem.
Looking ahead, what is Exness’ long-term vision for the region?
Our goal is to set new standards of transparency, technology, and trader experience across Sub-Saharan Africa. We want traders in the region to enjoy the same reliability, precision, and fairness found in the world’s most advanced markets.
With our physical presence in South Africa and continuous investment in partnerships, we are helping shape what a responsible and trader-focused broker looks like. By combining local expertise with global infrastructure, we are building a foundation of lasting trust that empowers both traders and partners to grow and succeed.
For Nima Siar, the mission is clear. As Exness continues to expand in Africa, its success will not be measured by size alone, but by how many people and businesses it helps move forward along the way.
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DTCC Wins SEC Approval to Launch Tokenisation Service
The authorisation enables DTC to begin rolling out the service in the second half of 2026.
Highly liquid traditional securities, including constituents of the Russell 1000, ETFs tracking major indices and U.S. Treasuries, will be eligible to be tokenised on pre-approved blockchains under the same legal protections and investor entitlements as their conventional form.
DTCC said the approval will help accelerate the financial industry’s transition toward digital market infrastructure.
“Tokenizing the U.S. securities market has the potential to yield transformational benefits such as collateral mobility, new trading modalities, 24/7 access and programmable assets,” said DTCC President and CEO Frank La Salla.
The three-year authorisation permits DTC to operate a controlled production environment across approved Layer 1 and Layer 2 networks.
The service will be powered by DTCC’s ComposerX platforms, which aim to create a single pool of liquidity bridging traditional and decentralised finance ecosystems.
DTCC executives said the move is part of a broader strategy to build a secure, transparent and interoperable digital asset ecosystem.
Nadine Chakar, Head of Digital Assets, stated that distributed ledger technology “has the power to reshape markets”, adding that collaboration with participants and technology providers will be central to the initiative.
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Stripe Unveils Agentic Commerce Suite to Help Businesses Sell via AI Agents
The release follows September’s debut of the Agentic Commerce Protocol, the first live standard enabling automated transactions between AI agents and merchants.
The new suite reduces the heavy technical integration typically required for AI-driven commerce.
Businesses can connect their product catalogues to Stripe, then choose which agents they want to sell through, with Stripe handling discovery, checkout workflows, payments and fraud detection. All components are modular, allowing firms to adopt only the parts they need.
Early adopters include major global brands such as URBN, Etsy, Coach, Kate Spade, Revolve and Halara.
Etsy’s chief product and technology officer, Rafe Colburn, said the suite “enables us to surface sellers’ unique items to buyers across platforms”.
A key feature is Stripe’s hosted ACP endpoint, which automatically syndicates real-time product data to participating AI agents.
On payments, the suite is said to introduce Shared Payment Tokens, a mechanism allowing agents to initiate transactions using a buyer’s stored payment method without exposing credentials.
Stripe stated that these tokens can be paired with its Radar fraud-detection engine to differentiate between legitimate agents and malicious automated bots.
The suite will be rolled out via the Stripe Dashboard, APIs, major ecommerce platforms such as Wix and BigCommerce, and omnichannel platforms including Mirakl and Logicbroker.
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Finalto Secures UAE SCA Category 5 Licence to Expand Regional Operations
The approval allows the multi-asset liquidity provider to expand services to professional and institutional clients across one of the world’s fastest-growing financial centres.
The firm, which specialises in liquidity, execution and risk-management solutions, said the licence represents an important milestone in its global expansion strategy.
It enhances the group’s ability to offer transparent, regulated access to global markets while deepening its local presence in the UAE.
“Securing the Category 5 licence is a major milestone for Finalto in the Middle East,” said Conor Canny, CEO of Finalto MENA. “The UAE is an innovation-driven financial hub, and we are excited to support clients here with the highest standards of service, transparency and governance.”
Paul Groves, Finalto’s UK CEO, noted that the approval reflects continued investment in regulatory strength globally.
The firm aims to use the licence to broaden partnerships and deliver customised multi-asset solutions for institutions operating across the region.
Finalto, which operates from major financial centres worldwide, emphasised that it rejects a one-size-fits-all model.
Instead, the company said it focuses on building long-term relationships, tailoring liquidity distribution and execution infrastructure to institutional needs.
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Coinbase Picks Chainlink CCIP as Exclusive Bridge for Wrapped Tokens
The collaboration, is expected to support wrapped assets including cbBTC, cbETH, cbDOGE, cbLTC, cbADA and cbXRP, which together carry an estimated market value of about $7bn.
By using Chainlink’s connectivity and security framework, Coinbase is seeking to broaden the utility and circulation of its wrapped assets across multiple networks.
Chainlink, which secures more than 70% of global decentralised finance activity, said CCIP has already enabled over $27tn in transaction volume.
The protocol will now form the backbone of Coinbase’s cross-chain strategy.
Josh Leavitt, senior director of product management at Coinbase, remarked that the company chose Chainlink because “they are an industry leader for cross-chain connectivity,” adding that its infrastructure provides the reliability required to expand wrapped asset offerings.
William Reilly, head of strategic initiatives at Chainlink, stated that CCIP was selected due to its “security and reliability,” qualities he described as essential for a publicly listed business such as Coinbase.
He said he looks forward to “accelerating the growth of Coinbase’s wrapped assets” and contributing to further on-chain financial development.
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Ant International and HSBC Complete Cross-Border Tokenised Deposit Test with Swift
The test integrated Ant International’s blockchain infrastructure with HSBC’s Tokenised Deposit Service, enabling real-time treasury movements between HSBC Singapore and Hong Kong.
The initiative aims to combine the transparency and programmability of tokenisation with the security, compliance and scale of established banking rails.
With the development of a common messaging protocol co-created with Swift, Ant International would no longer need individual bilateral integrations with each partner bank, potentially streamlining access to tokenised deposit services.
Swift stated that ISO 20022’s structured data, when coupled with blockchain, improves both processing speed and AML monitoring. Shirish Wadivkar, global head of payments and cash management, said the integration “enhances AML and sanctions screening,” supporting the financial industry’s need for trust and efficiency.
Lewis Sun, global head of domestic and emerging payments at HSBC, notes that expanding the bank’s Tokenised Deposit Service will require strong interoperability between blockchain networks and traditional payment rails. The test, he said, gives clients more choice in how they manage liquidity globally.
Ant International added that it hopes the collaboration will guide standardisation efforts around tokenised deposits under ISO 20022.
The organisations plan to build on the initial test and explore pilot deployments and commercial use cases, supporting the evolution of digital money infrastructure.
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HKEX Appoints Graeme Farrell as New Group Chief Risk Officer
Farrell, who will join the group on 12 January 2026, succeeds Richard Wise, who is departing after five years to spend more time with family.
The incoming CRO will oversee functions including financial, quantitative, technology and enterprise risk management, and will report directly to HKEX chief executive Bonnie Y Chan.
Chan said she was “delighted to welcome Graeme,” noting his extensive international experience across multiple risk disciplines.
She added that his leadership will be central as HKEX continues to “bolster the vibrancy and liquidity” of its markets while maintaining high standards of integrity and stakeholder trust.
Chan also thanked Wise for his contribution, highlighting his role in implementing significant market infrastructure enhancements, including reforms to default fund recapitalisation across HKEX’s clearing houses.
Farrell brings more than 25 years of experience spanning London, Hong Kong and New York. He most recently served as Group Chief Risk Officer at Interactive Brokers, and previously held senior roles at AQR Capital and JPMorgan Chase, including global head of operational risk management framework.
He also spent several years at Nomura in Hong Kong, including as chief operating officer for Asia ex-Japan equities trading.
A graduate of Newcastle University with degrees in accounting, law and international financial analysis, Farrell will relocate to Hong Kong with his family ahead of taking up the role.
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State Street and Galaxy Digital to Launch Tokenised Liquidity Fund
The State Street Galaxy Onchain Liquidity Sweep Fund, known as SWEEP, is expected to debut on the Solana blockchain in early 2026. Ondo Finance is anticipated to seed the fund with roughly $200 million.
The fund will allow eligible Qualified Purchasers to subscribe and redeem using PYUSD stablecoins, subject to the availability of assets in the portfolio. Future integrations are planned across Stellar and Ethereum, with Galaxy intending to use Chainlink to support cross-chain interoperability.
State Street said SWEEP combines its decades of experience in cash and liquidity management with Galaxy’s blockchain infrastructure capabilities. State Street Bank and Trust Company will act as custodian for the treasury holdings, while Galaxy will provide the tokenisation technology and infrastructure powering the issuance and management of SWEEP tokens.
Kim Hochfeld, State Street’s global head of cash and digital assets, said the collaboration demonstrates how “TradFi and DeFi sector players unite” to influence the future of capital markets. Steve Kurz, Galaxy’s global head of asset management, called SWEEP a “game-changing collaboration”.
Ian De Bode, President of Ondo Finance, said tokenisation is becoming “the connective tissue between traditional finance and the onchain economy,” adding that the planned investment supports the evolution of institutional access to short-term U.S. Treasuries with instant mints and redemptions.
The partnership expands an existing relationship between State Street and Galaxy, which began with the launch of actively managed digital-assets ETFs in 2024.
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Interactive Brokers Adds Access to Brazil’s B3 Exchange for Global Clients
The company said the move provides investors with more ways to access emerging market opportunities across Latin America, complementing its existing coverage of global stocks, options, futures, currencies, bonds and funds on a single platform.
Chief executive Milan Galik said: “Global investors need seamless access to diverse markets to stay competitive. By adding Brazil’s B3 Exchange, we’re giving our clients efficient, low-cost access to one of the world’s most dynamic emerging economies through our unified global platform.”
Interactive Brokers described B3 as one of the most active and liquid markets in the region. The addition means investors can trade Brazilian equities directly alongside assets on more than 160 markets worldwide. The broker also supports funding and trading in up to 28 currencies.
The firm said the expansion reinforces its commitment to offering “efficient, low-cost access to global opportunities”.
It added that access to B3 is restricted to clients outside Brazil, and will not be available to residents of the country.
Interactive Brokers highlighted the availability of its trading tools across regions, including the United States, Canada, the United Kingdom, Europe, Australia, Hong Kong and Singapore.
The company said the update continues its mission of supporting the “best-informed investors” through broad global market access delivered via a unified electronic trading platform.
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MoneyGram Names Marc Winniford as Chief Financial Officer
He will assume the role in February 2026 and report directly to Chairman and CEO Anthony Soohoo.
The company explained that Winniford will oversee finance, accounting, tax and treasury, and will serve on the Executive Leadership Team.
Soohoo said: “Marc brings deep financial expertise, a disciplined approach to capital management and a strategic mindset that aligns with where MoneyGram is heading.”
Winniford joins from Wells Fargo, where he has been Chief Financial Officer of Corporate & Investment Banking since 2022.
During his 17-year tenure at the bank, he has held senior roles including Head of Corporate Finance, Assistant Treasurer and Head of Corporate Development, and has worked across treasury and fixed income. He previously spent more than five years in investment banking at Lazard.
Winniford commented: “MoneyGram is in the midst of an ambitious and methodical transformation… I’m excited to join the team and ensure finance is a key driver in building the MoneyGram of the future.”
MoneyGram noted that the finance function he will lead includes long-tenured executives and recruits from top organisations, all contributing to the company’s ongoing transformation.
The firm described his appointment as central to strengthening its foundation and unlocking new growth opportunities.
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Barchart Unveils Market Replay Enterprise
The company said the solution provides direct access to standardised datasets across global exchanges, covering futures, futures options, equities, equity options and proprietary cash-market data.
The service delivers data through secure SFTP channels powered by AWS, enabling firms to establish production pipelines and centralised data environments without the long development timelines typically required.
Barchart explained that Market Replay Enterprise allows institutions to receive “full-exchange intraday, historical or daily settlement data in a matter of days.”
Chief executive Mark Haraburda highlighted that the service “takes a process that once required months of internal development and replaces it with direct delivery of full-exchange intraday, historical or daily settlement data in a matter of days.”
He added that instead of piecing together multiple data sources, clients can receive “clean, standardised files” directly, freeing teams to focus on modelling, execution and client outcomes.
Barchart stated that daily files can be delivered as end-of-day history, delayed updates, or intraday snapshots. The data is normalised to support downstream functions including backtesting, risk management, compliance reporting and advanced analytics.
The launch is said to reflect the company’s continued investment in enterprise-grade solutions, offering a cloud-native alternative to traditional data licensing.
Market Replay Enterprise is available immediately and positions Barchart alongside institutional providers while offering faster onboarding and a simplified cost structure.
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Sirius International and Crypto.com Partner to Advance Tokenisation Infrastructure in UAE
The companies said the partnership will begin with Crypto.com exploring an integration of the ADI Chain, a high-performance blockchain launched by the ADI Foundation, the Abu Dhabi-based non-profit founded by Sirius.
The integration is intended to support “sovereign-grade digital infrastructure” in the UAE and expand tokenisation opportunities at regional and global scale.
The firms will also assess potential listings of digital assets linked to Sirius’ ecosystem, including tokenised real-world assets and stablecoins, subject to Crypto.com’s listing processes and regulatory approvals.
Additional collaboration areas include evaluating the use of Crypto.com Pay across Sirius portfolio companies and examining institutional opportunities through Crypto.com Exchange.
Crypto.com President and COO Eric Anziani commented: “Increasing everyday utility of cryptocurrencies is central to our vision at Crypto.com and we’re encouraged by the UAE’s commitment to advancing blockchain adoption.”
Alain Yacine, the company’s President for the Middle East and Latin America, stated: “Blockchain is proving to be a revolutionary force in redefining the financial ecosystem.”
Sirius International CEO Ajay Bhatia believes the partnership “marks a defining step in how the UAE will shape the next era of digital finance,” adding that aligning Sirius’ infrastructure and ADI Chain with Crypto.com creates the foundations for “global-scale tokenization.”
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eToro Reports Higher Trading Activity in November
Assets under Administration rose to $18.8 billion, up 9% year-on-year, while funded accounts increased 10% to 3.79 million. The company said the figures include 180,000 funded accounts attributed to its Spaceship acquisition in November 2024.
Total trades in capital markets and ECC reached 46.3 million in November, a 16% year-on-year increase. However, the invested amount per trade fell 13% to $269.
Crypto trading remained weaker, with the number of trades down 48% to 5.0 million, and the invested amount per trade down 28% to $264.
Interest Earning Assets rose 21% to $7.6 billion, while Total Money Transfers were unchanged at $1.1 billion.
eToro noted that the data is based on currently available information and “has not been audited or reviewed.”
The company added that final quarterly results may vary once disclosed in filings with the U.S. Securities and Exchange Commission.
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