Expectations for rapid rate cuts faded in March as Middle East supply shocks lifted energy prices and revived inflation worries, triggering a broad selloff in government bonds. Eurex data show steeper yield curves in the U.S. and euro area, heavier volumes in long-end futures, and resilient demand for Italian debt versus Bunds. The shift underscores how quickly fixed-income can reset when price pressures re‑emerge, with investors now more focused on inflation than growth. Elevated volatility looks set to persist as geopolitical risks remain live and central banks tread cautiously.
Source: FinanceFeeds
TMX moves to acquire Cboe’s Australia and Canada exchanges in $300M deal
TMX Group agreed to buy Cboe Australia and Cboe Canada for $300 million, reversing Cboe’s prior expansion push and reshaping the competitive landscape in two key markets. The assets include equities trading venues, listings platforms and market data businesses; TMX expects EPS accretion within 12 months (ex‑synergies) and says the deal will simplify Canadian market access. For Cboe, the sale sharpens its focus on derivatives and data while reducing regional equities exposure.
Source: Finance Magnates
Binance.US cuts spot fees to near zero to win back flow from Coinbase and Kraken
Binance.US introduced 0% maker and 0.02% taker fees across all spot pairs, a sweeping reduction aimed at reigniting volumes after two years of regulatory disruption and crypto‑only operations. The aggressive pricing undercuts most U.S. rivals and turns fees into a central competitive lever as exchanges battle for retail flow. Execution quality, liquidity depth and trust—alongside price—will determine whether the policy translates into durable market share gains.
Source: FinanceFeeds
UK investors regain tax‑advantaged access to crypto ETNs via IFISA route
Stratiphy secured Innovative Finance ISA (IFISA) manager approval, opening a compliant pathway for U.K. retail investors to hold crypto ETNs tax‑free inside an ISA—after HMRC barred them from Stocks & Shares ISAs. The firm will initially offer 21Shares ETNs, with the move tapping persistent demand for regulated digital‑asset exposure despite shifting product rules. The change channels crypto ETNs into a niche ISA wrapper, likely spurring more fintechs to scale IFISA capabilities.
Source: FinanceFeeds
PWC: Two‑thirds of EU firms risk missing 2027 AML deadline
A PwC survey across 500+ institutions finds only about one‑third expect to be fully ready for the EU’s new AML package by July 2027, with customer due diligence, data quality and operating model change cited as key bottlenecks. More than half foresee significant disruption and rising compliance costs (10%–30%) as banks roll out new monitoring, reporting and AI‑enabled controls. The findings highlight mounting execution pressure as the bloc pushes toward a single AML rulebook and centralized supervision.
Source: FinanceFeeds
States tighten screws on prediction markets; insider bans target public officials
New York and Illinois issued executive orders barring state employees from using nonpublic information to trade on prediction markets, adding to growing oversight of event‑based contracts. The moves come amid a broader jurisdiction fight: the CFTC asserts exclusive federal authority over such markets while several states press gambling‑law claims—alongside separate litigation from New York’s AG. Platform responses are hardening too, with Kalshi fining and suspending political candidates who bet on their own races.
Source: FinanceFeeds
Interactive Brokers joins SGX derivatives market as trading and clearing member
Interactive Brokers Singapore added trading and clearing membership on Singapore Exchange’s derivatives market, extending its APAC footprint after recent integrations with Taiwan’s Taipei Exchange and Bursa Malaysia derivatives. The move lets clients route and clear SGX futures/options directly, part of IBKR’s push to localize access to regional venues under one global infrastructure. Competition for Asia flow is intensifying as global brokers and exchanges court cross‑border derivatives demand.
Source: FinanceFeeds
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