On Monday, Western Union announced USDPT, a US dollar-denominated payment stablecoin built on the Solana blockchain.  The payments giant believes the move marks a significant step towards regulated, digital-first financial infrastructure. The stablecoin, backed by US dollars and issued by Anchorage Digital Bank, the first federally regulated crypto bank in the United States, is designed to integrate directly into Western Union’s existing global payments network.  The company says the asset will eliminate the delays and fragmentation associated with traditional correspondent banking. Devin McGranahan, Western Union’s President and Chief Executive, said the launch would create “a more efficient settlement layer” for partners, agents and consumers, whilst preserving the trust that underpins the brand. Several services are being developed around USDPT, including Treasury and Agent Settlement, which aims to enable near-instant, round-the-clock settlement between Western Union and its global agent network.  A consumer-facing product, Stable by Western Union, is also expected to launch later this year across more than 40 countries. Solana Foundation President Lily Liu said the blockchain’s high-throughput, low-latency design makes it well-suited to the demands of real-world financial settlement.The post Western Union Launches Dollar Stablecoin on Solana first appeared on LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis.

On Monday, HSBC Mutual Fund announced the launch of RedHex SIF, its dedicated Specialised Investment Fund brand in India. The announcement expands the firm’s product offering in one of the world’s fastest-growing investment markets. RedHex SIF is a SEBI-approved investment structure designed to offer greater portfolio flexibility than traditional mutual funds, while keeping the transparency, governance, and regulatory oversight associated with the mutual fund framework.  The platform is aimed at experienced, institutional, and high-net-worth investors, with a minimum investment threshold of ₹10 lakh. The platform is said to be built around focused, outcome-oriented investment strategies with clearly defined themes, designed to enable more precise portfolio construction.  HSBC Mutual Fund believes that the structure combines the familiarity of the mutual fund framework with the flexibility of more advanced investment solutions, aided by a strong emphasis on risk management and portfolio stability. Kailash Kulkarni, Chief Executive of HSBC Mutual Fund, “RedHex SIF is our innovation-led platform for investors seeking differentiated, outcome-oriented strategies, anchored in the trusted mutual fund framework. As markets evolve, we believe alpha will increasingly come from adaptability, risk awareness and differentiated thinking across shifting cycles.” HSBC Asset Management, the investment management arm of HSBC Group, manages assets totalling $866 billion on behalf of clients worldwide as at 31 December 2025, operating through an international network spanning 20 countries and territories.The post HSBC Mutual Fund Launches RedHex SIF Platform in India first appeared on LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis.

Last week, Hong Kong Exchanges and Clearing announced the introduction of weekly expiries for 17 additional single stock option classes, to be launched in two batches in June 2026, bringing the total number of weekly stock option offerings on its platform to 33. The first batch of ten new weekly stock options will begin trading on 15 June 2026, covering names including ANTA Sports Products, WuXi Biologics, WuXi AppTec, Zijin Mining Group, Laopu Gold, Bilibili, Akeso, Trip.com Group, and Pop Mart International.  A second batch of seven contracts will launch on 22 June, adding Sun Hung Kai Properties, Geely Automobile Holdings, Li Auto, Sunny Optical Technology, China Life Insurance, XPeng, and NetEase. HKEX said weekly stock options had become one of its fastest-growing derivatives instruments since launching in November 2024, with more than 36 million contracts traded to date.  Weekly expiries have consistently accounted for approximately 21% of the volume of corresponding single stock options products in 2026. The expansion supplements existing monthly contracts, giving investors greater flexibility to manage short-term market risks across a broader range of underlying stocks.  The new classes span sectors including technology, electric vehicles, healthcare, gold mining, real estate, and insurance, reflecting the diversity of HKEX’s listed universe.The post HKEX to Expand Weekly Stock Options to 33 Classes first appeared on LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis.

Cboe Global Markets reported record first-quarter net revenues of $728.9 million last week, up 29% year-on-year, alongside record diluted earnings per share of $3.66, up 54%, as the exchange operator raised its full-year revenue growth guidance and announced the next phase of its strategic realignment. Adjusted diluted EPS rose 48% to $3.70, with operating income up 43% to $505.6 million at an operating margin of 69.4%.  Growth was said to have been broad-based, with record revenues across Options, North American Equities, Europe and Asia Pacific, and Global FX.  Options net revenue rose 33% to $467.6 million, driven by a 29% increase in index options average daily volume. Global FX net revenue surged 38% to $29.4 million on a 36% increase in average daily notional volume. Cboe raised its 2026 organic total net revenue growth guidance to a low double-digit to mid-teens range, up from its previous mid single-digit expectation, and lifted its Data Vantage organic growth target to low double-digit.  Adjusted operating expense guidance was reduced to $838 million to $853 million. Chief Executive Craig Donohue said the strong results accompanied the next phase of a strategic realignment designed to build more agile teams. “Today, we announced the next phase of our plan by realigning our organization to build more agile teams positioned to operate effectively in a fast–changing environment,” he commented. “Our earlier actions to sell, wind down, and optimize certain businesses, combined with today’s strategic realignment, are expected to reduce our workforce by approximately 20 percent.”The post Cboe Reports Record Q1 Revenues and Raises Full-Year Guidance, Announces 20% Workforce Reduction first appeared on LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis.

Cambridge Investment Research has been censured and fined $200,000 by the Financial Industry Regulatory Authority after the regulator found the Iowa-based broker-dealer failed to adequately supervise a registered representative who repeatedly recommended that retail customers sell unit investment trusts before their maturity dates, generating high costs. According to a Letter of Acceptance, Waiver and Consent submitted by the firm, the conduct took place between June 2020 and February 2023 and resulted in 184 customers paying at least $389,200 in fees and costs they would not have incurred had they held their UITs to maturity.  The representative’s customers sold 90% of their UIT positions before maturity, typically rolling proceeds into new UIT positions at additional expense. FINRA found that despite supervisory alerts and multiple escalations from compliance personnel highlighting the representative’s pattern of early UIT redemptions, Cambridge failed to adequately investigate or act upon those red flags for an extended period.  The representative generated approximately 60% of all early UIT rollover alerts across the entire firm, whilst accounting for only around 10% of total UIT business. Cambridge terminated the representative in February 2023 following direct escalation to senior compliance leadership and subsequently engaged an outside consultant to calculate customer losses.  The firm voluntarily paid restitution of $389,200 to affected customers in April 2023, prior to the commencement of FINRA’s investigation. Cambridge Investment Research neither admitted nor denied the findings as part of the settlement.The post FINRA Fines Cambridge Investment Research first appeared on LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis.

Stripe has announced 288 new products and features at its annual Stripe Sessions conference, positioning the payments company as the core economic infrastructure for the artificial intelligence economy. The headline announcements included a new partnership with Google, enabling businesses to sell directly within Google’s AI Mode and the Gemini app, joining existing integrations with OpenAI, Microsoft, and Meta. Retail and consumer brands, including Quince, Fanatics, and JD Sports, were named as early participants. Stripe also launched Link wallets for AI agents, enabling users to authorise their agents to make payments on their behalf using a one-time-use card per task, without exposing real payment details.  The feature builds on Stripe’s existing Link consumer wallet, which has over 250 million users globally. A new streaming payments capability was introduced to address the challenge of charging for AI token consumption in real time.  The solution combines precise usage tracking from Metronome with stablecoin micropayments on the Tempo blockchain, enabling businesses to collect payment for each token at the moment it is used. Stripe also expanded its fraud protection tool Radar to defend against token theft, reporting that one in six attempted sign-ups across AI services on Stripe is made by a bad actor.  Stripe Treasury was expanded, offering a global business account supporting 15 currencies with instant, free transfers between US businesses on the platform.The post Stripe Unveils 288 Product Launches Including Google Partnership and Streaming Payments for AI first appeared on LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis.

Broadridge Financial Solutions said on Friday that it has completed its acquisition of CQG, a global provider of futures and options trading, execution management, and market connectivity.  The deal expands the fintech group’s multi-asset trading infrastructure, adding CQG’s execution management, algorithmic trading, and analytics capabilities to Broadridge’s existing order management and client connectivity platform, creating what the company described as an integrated, end-to-end trading solution across global futures and options markets. CQG’s client base spans futures commission merchants, institutional investors, retail brokers, proprietary trading firms, commodity trading advisers, and hedge funds, broadening the range of clients Broadridge can serve through flexible and scalable trading solutions. Broadridge said the combination of CQG’s agile development capabilities with its own global scale would accelerate the delivery of new functionality across asset classes, including foreign exchange and digital assets, as part of its broader multi-asset innovation strategy. The acquisition builds on a series of recent strategic moves by Broadridge to expand its trading and connectivity offering, including its Central Risk and Liquidity Optimisation Solution launched earlier this year and its minority investment in digital collateral mobility firm HQLAX.  “By combining CQG’s agile development capabilities with Broadridge’s global scale, the company is positioned to accelerate the delivery of new functionality and drive sustained value creation for clients worldwide,” Broadrige stated. The post Broadridge Completes Acquisition of CQG first appeared on LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis.

Hong Kong Exchanges and Clearing has reported record quarterly revenue and profit for the first three months of 2026, with revenue and other income rising 20% year-on-year to HK$8.203 billion and profit attributable to shareholders increasing 27% to HK$5.188 billion. Core business revenue grew 22% against the same period last year, driven by higher trading and clearing fees across cash and commodities markets.  EBITDA margin reached 81%, three percentage points higher than both the first and fourth quarters of 2025. Basic earnings per share rose 27% to HK$4.10. The quarter was marked by a series of record performances across HKEX’s diversified platform.  Stock Connect Northbound average daily turnover hit a quarterly record of RMB324.1 billion, up 70% year-on-year, reflecting strong participation from international investors seeking exposure to Chinese mainland markets.  The London Metal Exchange recorded its highest ever quarterly chargeable average daily volume for metals contracts, up 26% year-on-year, whilst OTC Clear achieved a record quarter in clearing volume as Swap Connect maintained its growth trajectory.  Headline average daily turnover on the Stock Exchange rose 14% to HK$276.7 billion, with 20 trading days exceeding HK$300 billion during the quarter. Chief Executive Bonnie Y Chan said global capital had continued to seek safe havens and access to Asian growth opportunities in a volatile macroeconomic environment, supporting strong activity across both equities and multi-asset markets.The post HKEX Posts Record Quarterly Revenue in Q1 first appeared on LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis.

TradeStation Securities has announced a new integration with Quasar Markets, a research and execution workflow platform, enabling active traders to move directly from market research and portfolio analysis to live trade execution without disrupting their existing trading setup. The integration connects Quasar Markets’ analytics capabilities to TradeStation’s execution services via the TradeStation application programming interface, allowing users to review watchlists, monitor portfolio exposure, evaluate trade setups, and route orders directly through TradeStation from within a single workflow. Quasar Markets provides institutional-grade market data in a format designed for rapid decision-making, enabling traders to analyse market conditions and act with greater speed and confidence.  The integration allows a trader to identify an opportunity, assess it in the context of their portfolio, and execute without switching between platforms. “Active traders need speed, reliability, and control in every market condition, and they need their tools to work together without interruption,” said John Bartleman, CEO of TradeStation Group. “With Quasar Markets’ API integration, traders are able to keep momentum from insight to execution while continuing to use the TradeStation brokerage experience they trust.” Steven Orr, Founder and Chief Executive of Quasar Markets, stated: “By combining our AI-driven analytics with TradeStation’s established trading infrastructure, we are bringing together sophisticated insights and efficient execution in a more unified experience. This collaboration reflects our long-term focus on helping investors access the markets with greater clarity and confidence.”The post TradeStation Connects with Quasar Markets first appeared on LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis.

Broadridge Financial Solutions has raised its full-year fiscal 2026 guidance after reporting third-quarter recurring revenue growth of 7%, or 6% on a constant currency basis, alongside an 11% increase in adjusted earnings per share to $2.72. Total revenues for the quarter rose 8% to $1.954 billion, with diluted EPS increasing 15% to $2.36. Adjusted operating income grew 4% to $421 million, at a margin of 21.5%.  Strong equity and fund position growth, higher trading volumes, and event-driven revenues contributed to the quarter’s performance. The company raised its full-year recurring revenue growth guidance on a constant currency basis to at or above 7%, up from the higher end of its previous 5% to 7% range, and increased its adjusted EPS growth guidance to 10% to 12%, from a previous range of 9% to 12%.  Its closed sales guidance was revised to $240 million to $290 million from $290 to $330 million. Chief Executive Tim Gokey said Broadridge was executing on its strategy to democratise and digitise governance, simplify trading in capital markets, and modernise wealth management, whilst also building future growth foundations in tokenisation, AI, and digital communications. Within its Investor Communication Solutions segment, recurring revenues grew 8% to $800 million.  The Global Technology and Operations segment delivered recurring revenue growth of 5%, with Wealth and Investment Management rising 10% driven by higher trading volumes. Broadridge said it remained on track to deliver its long-term growth targets for the three-year period ending in fiscal 2026.The post Broadridge Raises Guidance After Q3 Recurring Revenues Growth first appeared on LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis.

On Thursday, FIS announced Project Keystone, a new network for digital money designed and administered by banks, developed in partnership with six US financial institutions, including Citizens, Fifth Third, Huntington Bank, KeyBank, and M&T Bank. The network is expected to enable participating banks to issue, transfer, and settle regulated deposits in digital form on shared infrastructure that the banks themselves control, without ceding that capability to third-party providers.  Transactions on the network will operate on an all-or-nothing settlement basis, eliminating the partial failures and reconciliation burdens associated with conventional interbank settlement. FIS stated in its press release that the network would handle real bank deposits in digital form, meaning the money moving through Project Keystone would be regulated and bank-issued rather than a new asset class.  The participating institutions represent a range of charter types and technology providers, reflecting the breadth of institutions for which the network is intended to operate. “Banks are the cornerstone of trust in the financial system, and they should define how digital money evolves,” said Jim Johnson, Co-President of Banking Solutions at FIS.  “The digital money space has no shortage of technology looking for adoption. What it has lacked is banks moving together with shared administration and infrastructure among financial institutions,” he added. “Project Keystone brings together institutions of different sizes, charters, and core providers – because a network that doesn’t work for all of them doesn’t work.”The post FIS and 6 US Banks Launch Project Keystone first appeared on LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis.

Coinbase Asset Management has announced the launch of CUSHY, a tokenised digital credit strategy designed to capture yield opportunities created through the migration of capital to blockchain-based financial infrastructure. The fund is said to be structured around public credit comprising high-quality liquid instruments connected to the digital economy; private and opportunistic credit through asset-based debt solutions for both digitally native and traditional borrowers; and structural alpha derived from blending credit with tokenisation, protocol incentives, and onchain market structure positions. Coinbase said CUSHY is designed to accommodate both US and certain international investors.  Fund administration is provided by Northern Trust, with tokenisation services delivered by Superstate using its FundOS platform. Coinbase Prime serves as a prime broker, and the fund operates across the Base, Solana, and Ethereum networks. Stablecoin adoption continues to grow, with transaction volumes surpassing $33 trillion in 2025 and an average of 89 million addresses holding stablecoins daily across major blockchains.  Coinbase Asset Management said the fund was designed to meet demand from sophisticated investors seeking institutional-grade credit opportunities on the same settlement rails underpinning the digital economy.The post Coinbase Asset Management Launches Tokenised Credit Fund first appeared on LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis.

On Thursday, Intercontinental Exchange revealed record first-quarter net revenues of $3.0 billion, up 20% year-on-year, as elevated macroeconomic and geopolitical uncertainty drove strong demand for the group’s exchange, fixed income, and mortgage technology services. GAAP diluted earnings per share rose 80% to $2.48, whilst adjusted diluted EPS increased 37% to $2.35.  Operating income reached a record $1.7 billion, up 36% year-on-year, with an adjusted operating margin of 65%. Exchange net revenues of $1.8 billion drove the headline performance, with energy revenues up 46% to $814 million and financial futures and options revenues surging 65% to $256 million.  Fixed income and data services revenues grew 10% to $657 million, whilst mortgage technology revenues increased 6% to $539 million. Chief Executive Jeff Sprecher said customers had increasingly relied on ICE’s markets, data, and technology to navigate complexity and manage risk during a quarter marked by significant uncertainty. “The breadth of our business model, spanning exchanges, fixed income, and mortgage technology, continues to provide resilience and multiple avenues for growth,” he added.  Chief Financial Officer Warren Gardiner believes the results reflect the durability and quality of ICE’s business model, with strong cash flows enabling both capital returns and continued investment in strategic growth initiatives. ICE updated its full-year 2026 adjusted operating expense guidance to a range of $4.145 billion to $4.195 billion.The post ICE Reports Record Q1 Revenues as Volatility Boosts Exchange and Data Businesses first appeared on LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis.

The Australian Securities Exchange has announced the appointment of Darren Yip, currently Group Executive of Markets and Listings, as Interim Chief Executive Officer, effective 29 May 2026. The appointment follows the February announcement that Managing Director and Chief Executive Helen Lofthouse would be departing the group. Yip will lead the organisation on an interim basis whilst the board continues a comprehensive global search for a permanent successor. Yip joined ASX in 2023 and has more than 20 years of experience in global financial markets, along with deep knowledge of ASX’s operations, strategy, and regulatory environment.  ASX Chair David Clarke said Yip’s appointment would provide “strong leadership and continuity” during the transition period, highlighting his institutional knowledge, proven operational experience, and the leadership skills necessary to maintain a clear focus on delivering resilient, well-governed markets. Yip said he was honoured by the opportunity to lead ASX during the period and that his priority would be maintaining operational resilience, supporting customers, and continuing to deliver against the exchange’s key strategic and technology initiatives. Clarke added that the global search for a permanent Chief Executive was progressing. The ASX chair also thanked Lofthouse for her leadership and service to the exchange, noting her contribution to advancing key technology and transformation initiatives during her tenure.The post ASX Appoints Darren Yip as Interim Chief Executive first appeared on LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis.

Tradeweb Markets has reported record first-quarter revenues of $617.8 million, up 21.2% year-on-year, as heightened market volatility and continued structural migration towards electronic trading drove strong volume growth across its global multi-asset platform. Average daily volume for the quarter reached $3.3 trillion, up 31.4% year-on-year, with quarterly ADV records set across US and European government bonds, mortgages, swaps, futures, fully electronic US high grade and high yield credit, European credit, credit derivatives, ETFs, repurchase agreements, and money markets. Net income rose 38.5% to $233.2 million, with adjusted EBITDA increasing 22.1% to $339.7 million at a margin of 55.0%.  Diluted earnings per share were $0.96, up 39.1%, whilst adjusted diluted EPS reached $1.08. International revenues grew 29.4% to $274.1 million. The board declared a quarterly cash dividend of $0.14 per share, up 16.7% year-on-year. Chief Executive Billy Hult said the results pointed to the strength of Tradeweb’s global platform and the continued structural shift towards electronic trading, with clients increasingly turning to electronic solutions during the volatility of March.  He highlighted advances in dealer algorithmic execution for US Treasuries, the first fully electronic swaption termination, and a new multi-asset package trading capability for USD swaps. Strategic investments in prediction markets, digital assets, and spot cryptocurrency liquidity were also highlighted, including a $31 million Series B financing in Crossover Markets and on-chain repo activity via the Canton Network.  Tradeweb revised its full-year adjusted expense guidance to trend towards the top half of its $1.1 billion to $1.16 billion range.The post Tradeweb Reports Record Quarterly Revenues as Electronic Trading Volumes Surge first appeared on LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis.

CLS has announced that BNY has gone live on CLSNet, its automated bilateral payment netting calculation service, as the financial market infrastructure group continues to expand the reach of its post-trade FX risk mitigation offering. BNY will use CLSNet to support risk mitigation, liquidity optimisation, and operational efficiency for currency flows outside of CLSSettlement, including emerging market and developing economy currencies and same-day trades.  CLSNet standardises and automates post-trade matching and netting processes across more than 120 currencies. CLSNet saw a rise in adoption in 2025, recording an average daily netted value of $177 billion over the past 12 months, up 9% year-on-year.  The service’s community now includes the top 12 global banks and is also available to regional banks, funds, corporates, and non-bank financial institutions. Lisa Danino-Lewis, Chief Growth Officer at CLS, stated: “BNY, a key participant in the FX market and a significant global custodian, is a welcome addition to our network and marks another significant step in strengthening post-trade standards across the FX market.” Jason Vitale, Global Head of Execution Services at BNY, said going live on CLSNet represented an “important advancement” in how the firm optimised and safeguarded its FX operations against settlement risk, whilst also strengthening the broader CLS network effect.The post BNY Goes Live on CLSNet first appeared on LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis.

Barchart and Grão Direto, a digital grain trading platform, have announced a strategic partnership to make proprietary Brazilian grain market data available to international participants through Barchart’s cmdtyView platform and API distribution network. The agreement will see data sets and price curves derived from Grainsights, Grão Direto’s market intelligence platform, redistributed globally.  The datasets include regional prices for Brazil’s physical soybean and corn markets, more than 120 local price assessments covering producing regions across the country’s interior, and proprietary export benchmark indices including the FOB Santos Soybean Index and FOB Rio Grande Soybean Index, both developed in accordance with IOSCO benchmark principles. “This partnership expands Barchart’s coverage of the Brazilian agricultural market — one of the most relevant regions for global soybean and corn trade — and reinforces our commitment to delivering increasingly comprehensive and relevant data to participants in the global commodities markets,” commented Fernando Berardo, Head of Commodities for Latin America at Barchart. Brazil is one of the world’s largest producers and exporters of soybeans and corn, yet Barchart noted that much of its local price information has remained fragmented across producing regions, warehouses, and commercial intermediaries.  The partnership is expected to reduce this information asymmetry, with Barchart saying it will provide structured, recurring data that enables traders, analysts, hedge funds, and agribusiness firms to monitor Brazilian market dynamics with greater precision. Unlike survey-based databases, Grainsights derives its data from thousands of daily transactions and price consultations, capturing primary signals of price formation and market liquidity.The post Barchart and Grão Direto Partner to Expand Access to Brazilian Physical Grain Market Data first appeared on LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis.

DTCC and SSImple have announced a collaboration to help custodians automate the submission of Standing Settlement Instructions into DTCC’s ALERT database, as the industry prepares for Europe’s forthcoming move to T+1 settlement. The partnership brings together DTCC’s ALERT platform, the world’s largest SSI database, and SSImple’s SSI Comply product, which validates and confirms the accuracy and completeness of SSIs before automating their transmission into ALERT in real time.  The initiative is designed to eliminate the manual processes that have historically contributed to trade failures caused by inaccurate or incomplete settlement instructions. The collaboration is said to align with the Financial Markets Standards Board’s Core Principle 1, which calls for the automation of SSI transmission, and supports the FMSB’s recommendation to complete this process by the end of 2026. Val Wotton, Managing Director and Global Head of Equities Solutions at DTC, commented: “This collaboration with SSImple helps custodians eliminate manual complexity and improve data quality by seamlessly feeding clean, validated SSIs into DTCC’s ALERT platform.  “By establishing a validated, automated SSI flow into ALERT, the collaboration strengthens standardisation and helps the industry build greater resilience as settlement cycles accelerate.” Bill Meenaghan, Chief Executive of SSImple, said getting clean, validated data into DTCC ALERT had historically been a challenge for custodians, and that the collaboration would allow firms to achieve automation “quickly and efficiently without a heavy technology lift.The post DTCC and SSImple Partner to Automate Settlement Instructions Ahead of European T+1 Transition first appeared on LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis.

Singapore Exchange (SGX Group) said this week that it has welcomed DA Financial Service (S) Pte. Ltd. as a trading member of its derivatives market, bringing the total number of trading members on the SGX derivatives platform to 69. DA Financial Service is incorporated in Singapore and provides capital markets services including futures and options trading to individual and institutional clients, with access to international markets.  The firm is part of DA Global Financial, a Singapore-headquartered financial group with affiliated entities across Singapore, Hong Kong, the United States, and Malaysia. The group offers a broad range of services spanning clearing, market data, software, and trading infrastructure. Ai Yuanyuan, Chief Executive of DA Financial Service, said the membership marked an important milestone in the firm’s growth journey and reflected its long-term commitment to the global derivatives market.  She added: “This membership strengthens our ability to provide clients with broader market access, efficient execution, and deeper connectivity with SGX’s product suite.” Pol de Win, Head of Global Sales and Origination at SGX Group, said DA Financial Service “has built a strong following among professional futures traders, and this membership will expand the pool of active participants in our market while giving their clients direct access to SGX’s comprehensive suite of products.”The post SGX Adds DA Financial Service as Derivatives Trading Member first appeared on LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis.

CAB Payments Holdings announced the resignation of non-executive director Kushagra Saxena on Wednesday.  Saxena is stepping down from the board to take up an executive position at another organisation. The non-executive director’s departure takes effect following the company’s Annual General Meeting, at which the resolution relating to his formal re-election has been withdrawn as a result.  He has simultaneously stepped down from his role as non-executive director of Crown Agents Bank Limited, CAB Payments’ principal banking subsidiary. During his time on the board, Saxena advised the company across a range of strategic areas, including its digital, technology, and stablecoin strategies, topics of growing significance for CAB Payments as the cross-border payments group navigates an evolving landscape for digital assets and financial infrastructure. Ann Cairns, Chair of CAB Payments, said Saxena had “brought energy, expertise, and insights” to the board, and wished him success in his new executive role. The company said that following his departure, the board would continue to comprise individuals with diverse experience across the foreign exchange, payments, and banking sectors. It also confirmed that more than half of the board would remain independent non-executive directors, in line with good governance standards.The post CAB Payments Non-Executive Director Kushagra Saxena to Step Down first appeared on LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis.