{"id":623607,"date":"2023-03-30T13:49:36","date_gmt":"2023-03-30T18:49:36","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/03\/30\/news-nuggets-30-march-saxos-new-portal-jpx-gets-into-defi\/"},"modified":"2023-03-30T13:49:36","modified_gmt":"2023-03-30T18:49:36","slug":"news-nuggets-30-march-saxos-new-portal-jpx-gets-into-defi","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/03\/30\/news-nuggets-30-march-saxos-new-portal-jpx-gets-into-defi\/","title":{"rendered":"News Nuggets | 30 March: Saxo’s New Portal; JPX Gets into DeFi"},"content":{"rendered":"
\n

LTX Boosts Data-Driven
\nCorporate Bond Trading Proficiency<\/h2>\n

LTX, a
\ndivision of Broadridge Financial Solutions Inc. (NYSE: BR), has effectively
\ntransitioned its corporate bond e-trading platform to Amazon Web Services
\n(AWS). By completing this migration, LTX can now harness the robust security
\nand scalability offered by AWS cloud services and further refine its data science
\nmethodologies. This enhancement empowers clients to make well-informed
\ncorporate bond trading choices, drawing from real-time insights and
\ntransparency.<\/p>\n

“By
\nmoving its trading platform and critical business applications to AWS, LTX can
\nbring even more intelligence and improved functionality for corporate bond
\ntraders in an environment where security and resiliency are the highest
\npriority,” Scott Mullins, the Managing Director of Worldwide Financial
\nServices at AWS, commented. <\/p>\n

“As
\nLTX and AWS continue working together, we will modernize e-trading technology
\nwhile providing increased privacy, agility and scalability for LTX
\nclients.”<\/p>\n

Derivatives Trading
\nObligation for Specific CDS<\/h2>\n

In
\nSeptember 2022, ICE Clear Europe declared the termination of clearing for all credit default swaps (CDS) contracts, effective October
\n2023. Counterparties must settle their CDS positions on ICE Clear
\nEurope and create corresponding positions on alternative central counterparties
\n(CCPs) before the 27th<\/sup> October deadline.<\/p>\n

According
\nto the UK\u2019s FCA
\nstatement<\/a>, for a smooth transition of positions, market participants plan
\nto conduct trades beyond the confines of a trading venue. To aid this
\nmigration, counterparties subject to the trading obligation will not be
\nmandated to enforce that obligation for transactions in the relevant CDS aimed
\nat relocating existing positions to a new CCP. Additionally, the FCA does not
\nanticipate that counterparties will need to disclose these trades as per UK MiFIR regulations publicly.<\/p>\n

EU
\nRegulators Step Back from Credit Suisse Writedowns<\/h2>\n

European
\nauthorities emphasized their separation from Switzerland’s move to eliminate
\n$17 billion of Credit Suisse’s bonds following the bank’s bailout,<\/a> asserting
\nthey would prioritize writing down shareholders’ investments. In an interview
\nwith CNBC<\/em>, Dominique Laboureix, the Chair of the EU’s Single Resolution
\nBoard, conveyed a distinct message to investors.<\/p>\n

\u201cIn [a
\nbanking] resolution here, in the European context, we would follow the
\nhierarchy, and we wanted to tell it very clearly to the investors, to avoid to
\nbe misunderstood: we have no choice but to respect this hierarchy,\u201d Laboureix
\nsaid<\/a>.<\/p>\n

LINE and
\nMizuho Stop New Bank Project<\/h2>\n

LINE
\nCorporation and Mizuho Financial Group<\/a> have announced their joint decision to
\ncease the development of a new \u2018smartphone bank\u2019. The project, spearheaded by
\nLINE Bank Preparatory Company, aimed to combine Mizuho Bank’s vast banking
\nexpertise with LINE’s user-friendly UI\/UX and over 94 million active users to
\ncreate an unprecedented banking experience within the LINE app. <\/p>\n

However,
\ndue to recent trends in financial digital transformation and growing concerns
\nover service security, both companies have agreed that the project would
\nrequire more time and investment than initially anticipated to meet customer
\nexpectations.<\/p>\n

Gemini to
\nLaunch Crypto Derivatives Trading Platform<\/h2>\n
\n

\"Cameron<\/p>

\n

Cameron Winklevoss. Source: LinkedIn<\/p>\n<\/figcaption><\/figure>\n

Gemini,
\nthe cryptocurrency exchange owned by the Winklevoss twins, is
\nexamining possibilities to launch an international crypto derivatives trading
\nplatform, according to The Information report from Wednesday.<\/p>\n

The new
\nplatform from Gemini would offer trading in perpetual futures. Derivatives of
\nthis type are banned in the United States for retail investors due to their
\nsomewhat risky nature. Making them available in another jurisdiction would
\nallow Gemini to offer users a product with no expiration date and the possibility
\nof high leverage.<\/p>\n

Read the
\nfull story here<\/a>.<\/p>\n

Nordnet Expands Google Cloud Partnership
\n<\/h2>\n

Nordnet, a pan-Nordic digital savings and investments platform, has expanded its partnership<\/a> with Google Cloud by five years, aiming to drive innovation and accelerate its transition to the cloud<\/a>.\n<\/p>\n

The company leverages Google Cloud’s secure infrastructure and data analytics and expects to offer most of its online services under cloud technology by 2025. Nordnet’s 1.7 million customers.\n<\/p>\n

“The transition to the cloud has made us more agile when handling complex workloads and creating new or improved customer experiences,” said Elias Lindholm, the CTO at Nordnet.<\/p>\n

Japan Exchange Group Gets Minority Stake in BOOSTRY
\n<\/h2>\n
\n

\"Boostry\"<\/p>\n<\/figure>\n

Japan Exchange Group has acquired a 5 percent stake in BOOSTRY, a decentralized finance platform, from Nomura<\/a>. With this, Nomura now holds 51 percent of BOOSTRY, while NRI and SBI have 34 and 10 percent, respectively, stakes.\n<\/p>\n

BOOSTRY, operated by a consortium of 15 companies, issue security tokens for securitized products and corporate bonds. Each company in the consortium performs a specific service, eliminating the chance of a monopoly in the industry.\n<\/p>\n

Saxo to Launch New Marketing Portal<\/h2>\n

Denmark-headquartered Saxo Bank<\/a> announced the expected rollout of a new marketing portal within SaxoPartnerConnect <\/a>in the second half of April. With the new launch, Saxo will decommission the existing marketing portal, WebConnect. The fresh portal will consist of both new content as well as relevant content from the existing portal.<\/p>\n

Saxo has been developing SaxoPartnerConnect since 2020 as the new flagship that can serve all types of partners. It is optimized for handling a client base with client screeners as well as bulk modules for corporate actions and case management.<\/p>\n

Axi Expands Manchester City Sponsorship Deal<\/h2>\n

Australia-headquartered FX\/CFDs broker, Axi (previously AxiTrader) announced the extension of its sports partnership with the top English football club, Manchester City FC. It has also expanded its sponsorship rights to include Manchester City women’s team.<\/p>\n

Axi originally became a sponsor of Manchester City FC in September 2020, which coincided with its branding overhaul.<\/p>\n

\n

\"Louis<\/p>

\n

Louis Cooper, Chief Commercial Officer at Axi<\/p>\n<\/figcaption><\/figure>\n

Louis Cooper, the Chief Commercial Officer at Axi, said: “From a commercial perspective, the relationship has been extremely successful. Our alignment on a global scale with Manchester City’s brand and global fanbase has elevated our position in the marketplace.”<\/p>\n

Read the full story here<\/a>.<\/p>\n

Crypto Exchange Beaxy Shutters<\/h2>\n

Beaxy has shuttered its operations after over three years of launching, following a lawsuit from the US Securities and Exchange (SEC) that charged the platform and its executives for operating an unregistered exchange, brokerage and clearing agency.<\/p>\n

The lawsuit alleged that Artak Hamazaspyan, the crypto exchange\u2019s Founder, and his company, Beaxy Digital Limited, for raising $8 million in an unregistered offering of the Beaxy token (BXY). The securities regulator further alleged that Hamazaspyan \u201cmisappropriated at least $900,000 for personal use, including gambling.\u201d<\/p>\n

\n

Today we charged the crypto asset trading platform https:\/\/t.co\/ykFkM2s0wY<\/a> and its executives for failing to register as a national securities exchange, broker, and clearing agency, and we charged market makers operating on the Beaxy Platform as unregistered dealers.<\/p>\n

\u2014 U.S. Securities and Exchange Commission (@SECGov) March 29, 2023<\/a><\/p><\/blockquote>\n

Read the full report here<\/a>.<\/p>\n<\/div>\n

\n

LTX Boosts Data-Driven
\nCorporate Bond Trading Proficiency<\/h2>\n

LTX, a
\ndivision of Broadridge Financial Solutions Inc. (NYSE: BR), has effectively
\ntransitioned its corporate bond e-trading platform to Amazon Web Services
\n(AWS). By completing this migration, LTX can now harness the robust security
\nand scalability offered by AWS cloud services and further refine its data science
\nmethodologies. This enhancement empowers clients to make well-informed
\ncorporate bond trading choices, drawing from real-time insights and
\ntransparency.<\/p>\n

“By
\nmoving its trading platform and critical business applications to AWS, LTX can
\nbring even more intelligence and improved functionality for corporate bond
\ntraders in an environment where security and resiliency are the highest
\npriority,” Scott Mullins, the Managing Director of Worldwide Financial
\nServices at AWS, commented. <\/p>\n

“As
\nLTX and AWS continue working together, we will modernize e-trading technology
\nwhile providing increased privacy, agility and scalability for LTX
\nclients.”<\/p>\n

Derivatives Trading
\nObligation for Specific CDS<\/h2>\n

In
\nSeptember 2022, ICE Clear Europe declared the termination of clearing for all credit default swaps (CDS) contracts, effective October
\n2023. Counterparties must settle their CDS positions on ICE Clear
\nEurope and create corresponding positions on alternative central counterparties
\n(CCPs) before the 27th<\/sup> October deadline.<\/p>\n

According
\nto the UK\u2019s FCA
\nstatement<\/a>, for a smooth transition of positions, market participants plan
\nto conduct trades beyond the confines of a trading venue. To aid this
\nmigration, counterparties subject to the trading obligation will not be
\nmandated to enforce that obligation for transactions in the relevant CDS aimed
\nat relocating existing positions to a new CCP. Additionally, the FCA does not
\nanticipate that counterparties will need to disclose these trades as per UK MiFIR regulations publicly.<\/p>\n

EU
\nRegulators Step Back from Credit Suisse Writedowns<\/h2>\n

European
\nauthorities emphasized their separation from Switzerland’s move to eliminate
\n$17 billion of Credit Suisse’s bonds following the bank’s bailout,<\/a> asserting
\nthey would prioritize writing down shareholders’ investments. In an interview
\nwith CNBC<\/em>, Dominique Laboureix, the Chair of the EU’s Single Resolution
\nBoard, conveyed a distinct message to investors.<\/p>\n

\u201cIn [a
\nbanking] resolution here, in the European context, we would follow the
\nhierarchy, and we wanted to tell it very clearly to the investors, to avoid to
\nbe misunderstood: we have no choice but to respect this hierarchy,\u201d Laboureix
\nsaid<\/a>.<\/p>\n

LINE and
\nMizuho Stop New Bank Project<\/h2>\n

LINE
\nCorporation and Mizuho Financial Group<\/a> have announced their joint decision to
\ncease the development of a new \u2018smartphone bank\u2019. The project, spearheaded by
\nLINE Bank Preparatory Company, aimed to combine Mizuho Bank’s vast banking
\nexpertise with LINE’s user-friendly UI\/UX and over 94 million active users to
\ncreate an unprecedented banking experience within the LINE app. <\/p>\n

However,
\ndue to recent trends in financial digital transformation and growing concerns
\nover service security, both companies have agreed that the project would
\nrequire more time and investment than initially anticipated to meet customer
\nexpectations.<\/p>\n

Gemini to
\nLaunch Crypto Derivatives Trading Platform<\/h2>\n
\n

\"Cameron<\/p>

\n

Cameron Winklevoss. Source: LinkedIn<\/p>\n<\/figcaption><\/figure>\n

Gemini,
\nthe cryptocurrency exchange owned by the Winklevoss twins, is
\nexamining possibilities to launch an international crypto derivatives trading
\nplatform, according to The Information report from Wednesday.<\/p>\n

The new
\nplatform from Gemini would offer trading in perpetual futures. Derivatives of
\nthis type are banned in the United States for retail investors due to their
\nsomewhat risky nature. Making them available in another jurisdiction would
\nallow Gemini to offer users a product with no expiration date and the possibility
\nof high leverage.<\/p>\n

Read the
\nfull story here<\/a>.<\/p>\n

Nordnet Expands Google Cloud Partnership
\n<\/h2>\n

Nordnet, a pan-Nordic digital savings and investments platform, has expanded its partnership<\/a> with Google Cloud by five years, aiming to drive innovation and accelerate its transition to the cloud<\/a>.\n<\/p>\n

The company leverages Google Cloud’s secure infrastructure and data analytics and expects to offer most of its online services under cloud technology by 2025. Nordnet’s 1.7 million customers.\n<\/p>\n

“The transition to the cloud has made us more agile when handling complex workloads and creating new or improved customer experiences,” said Elias Lindholm, the CTO at Nordnet.<\/p>\n

Japan Exchange Group Gets Minority Stake in BOOSTRY
\n<\/h2>\n
\n

\"Boostry\"<\/p>\n<\/figure>\n

Japan Exchange Group has acquired a 5 percent stake in BOOSTRY, a decentralized finance platform, from Nomura<\/a>. With this, Nomura now holds 51 percent of BOOSTRY, while NRI and SBI have 34 and 10 percent, respectively, stakes.\n<\/p>\n

BOOSTRY, operated by a consortium of 15 companies, issue security tokens for securitized products and corporate bonds. Each company in the consortium performs a specific service, eliminating the chance of a monopoly in the industry.\n<\/p>\n

Saxo to Launch New Marketing Portal<\/h2>\n

Denmark-headquartered Saxo Bank<\/a> announced the expected rollout of a new marketing portal within SaxoPartnerConnect <\/a>in the second half of April. With the new launch, Saxo will decommission the existing marketing portal, WebConnect. The fresh portal will consist of both new content as well as relevant content from the existing portal.<\/p>\n

Saxo has been developing SaxoPartnerConnect since 2020 as the new flagship that can serve all types of partners. It is optimized for handling a client base with client screeners as well as bulk modules for corporate actions and case management.<\/p>\n

Axi Expands Manchester City Sponsorship Deal<\/h2>\n

Australia-headquartered FX\/CFDs broker, Axi (previously AxiTrader) announced the extension of its sports partnership with the top English football club, Manchester City FC. It has also expanded its sponsorship rights to include Manchester City women’s team.<\/p>\n

Axi originally became a sponsor of Manchester City FC in September 2020, which coincided with its branding overhaul.<\/p>\n

\n

\"Louis<\/p>

\n

Louis Cooper, Chief Commercial Officer at Axi<\/p>\n<\/figcaption><\/figure>\n

Louis Cooper, the Chief Commercial Officer at Axi, said: “From a commercial perspective, the relationship has been extremely successful. Our alignment on a global scale with Manchester City’s brand and global fanbase has elevated our position in the marketplace.”<\/p>\n

Read the full story here<\/a>.<\/p>\n

Crypto Exchange Beaxy Shutters<\/h2>\n

Beaxy has shuttered its operations after over three years of launching, following a lawsuit from the US Securities and Exchange (SEC) that charged the platform and its executives for operating an unregistered exchange, brokerage and clearing agency.<\/p>\n

The lawsuit alleged that Artak Hamazaspyan, the crypto exchange\u2019s Founder, and his company, Beaxy Digital Limited, for raising $8 million in an unregistered offering of the Beaxy token (BXY). The securities regulator further alleged that Hamazaspyan \u201cmisappropriated at least $900,000 for personal use, including gambling.\u201d<\/p>\n

\n

Today we charged the crypto asset trading platform https:\/\/t.co\/ykFkM2s0wY<\/a> and its executives for failing to register as a national securities exchange, broker, and clearing agency, and we charged market makers operating on the Beaxy Platform as unregistered dealers.<\/p>\n

\u2014 U.S. Securities and Exchange Commission (@SECGov) March 29, 2023<\/a><\/p><\/blockquote>\n

Read the full report here<\/a>.<\/p>\n<\/div>\n

Read More<\/a>
\n Finance Magnates Staff<\/p>\n","protected":false},"excerpt":{"rendered":"

LTX Boosts Data-Driven Corporate Bond Trading ProficiencyLTX, a division of Broadridge Financial Solutions Inc. (NYSE: BR), has effectively transitioned its corporate bond e-trading platform to Amazon Web Services (AWS). By completing this migration, LTX can now harness the robust security and scalability offered by AWS cloud services and further refine its data science methodologies. This<\/p>\n","protected":false},"author":1,"featured_media":623608,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26146,25794],"tags":[],"class_list":{"0":"post-623607","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-march","8":"category-nuggets"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/623607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=623607"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/623607\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/623608"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=623607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=623607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=623607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}