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Showing 1 - 10 of 11 results for "FinClear"

Outflows at Magellan

KANIKA SOOD  |  THURSDAY, 8 JUL 2021
... the year ending June 2020. In recent months, Magellan has launched its retirement product FuturePay, taken a stake in FinClear and in Barrenjoey. For the December 2020 half year, MFG reported NPAT of $202 million, up 3% from the same period in 2019. ...

Stake taps FinClear for ASX offering

ELIZABETH MCARTHUR  |  FRIDAY, 25 JUN 2021
Magellan-backed FinClear has been selected by Stake for trading, execution and clearing services as it moves into Aussie equities. Commission-free digital brokerage platform Stake recently announced it will add Australian equities to its platform, after ...

FinClear to acquire BNY subsidiary

KARREN VERGARA  |  THURSDAY, 10 JUN 2021
BNY Mellon is offloading its local execution and settlements business to FinClear for an undisclosed amount. FinClear is set to takeover Pershing Securities Australia in a bid to scale and enhance Holder Identification Number (HIN)-based platform services. ...

Volatility ahead for Magellan shareholders: Morgan Stanley

KANIKA SOOD  |  THURSDAY, 21 JAN 2021
... Group in September 2020 took a 40% economic stake in Barrenjoey Capital, and since then has made principal investments in Finclear and Guzman y Gomez. Morgan Stanley yesterday said while Magellan has a strong track record in listed equities and hence ...

FinClear wins trading tech mandate

ELIZABETH MCARTHUR  |  TUESDAY, 3 SEP 2019
Burrell Stockbroking and Superannuation has chosen FinClear to replace ASX Best for its multimarket trading needs. Multimarket trading terminal ASX Best will be turned off on September 30 and a number of specialist technology vendors have stepped in ...

ASIC fines Finclear $70,000

KRISTI CHENG, KARREN VERGARA  |  FRIDAY, 9 AUG 2019
Finclear Execution has paid a penalty of $70,000 for failing to comply with on-market buy-back rules. The Markets Disciplinary Panel (MDP) found Finclear contravened market integrity rules in relation to a pre-arranged crossing in April 2018 for an ...

Shadforth signs new tech partner

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUL 2019
Shadforth Financial Group has signed a new partner to provide third-party clearing and settlement services. FinClear will now deliver trading, clearing and settlement services to Shadforth, along with its TradeCentre front-end technology. FinClear chief ...

Alternative platform launches

HARRISON WORLEY  |  TUESDAY, 2 APR 2019
A new platform has launched offering advisers and clients the opportunity to hold investments themselves. FinClear today launched its HIN Platform, which uses the Holder Identification Number (HIN) of end investors to hold investments, rather than the ...

Fintech expands team for ongoing growth

JAMIE WILLIAMSON  |  WEDNESDAY, 27 FEB 2019
... management technology and service provider has made a raft of appointments to support significant growth seen in 2018. FinClear said it experienced headcount growth of 120% over the last 12 months and expects the trend to continue, adding four new team ...

Plato launches income-focused LIC

JAMIE WILLIAMSON  |  FRIDAY, 10 MAR 2017
... is acting as corporate adviser to the LIC. Management is jointly lead by CBA, Ord Minnett and Taylor Collison, while Finclear and Wilsons will co-manage.
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