Worldline [Euronext: WLN], a European leader in payment services, today becomes the first payment provider in Europe to enable Click to Pay for recurring payments, bringing one-click checkout to the full subscription lifecycle for international merchants. Click to Pay is a fast, secure digital checkout that removes friction and improves payment success across recurring payments. Available on Global Collect, Worldline’s global cross-border payments platform, this new capability enables digital-first businesses to scale subscription payments seamlessly across markets, while increasing conversion, reducing involuntary churn, and protecting recurring revenue. Conversion friction at checkout and payment failures remain major barriers to growth in digital commerce. Click to Pay can increase checkout conversion by up to 6%¹, while involuntary churn, often caused by expired or reissued cards, can account for up to 40% of total subscription churn². By extending Click to Pay to recurring and stored credential payments, Worldline enables merchants to improve both acquisition and retention. Gertjan Dewaele, Head of Product & Technology at Global commerce division of Worldline, said: “Being first in Europe to bring Click to Pay to recurring payments is a major step forward for subscription commerce. With Global Collect, we help international merchants convert more sign-ups into long-term revenue by reducing checkout friction and avoiding payment failures. The result is simple: better conversion, lower churn, and stronger revenue protection at a global scale.” At the initial transaction, Click to Pay securely stores tokenised payment credentials. These tokens are then used for recurring billing, with automatic updates when cards are renewed or replaced, with no interrupt billing cycles. This is particularly valuable for subscription businesses such as SaaS, streaming, gaming, and digital memberships, where acquisition and retention directly drive growth and profitability. Based on EMVCo Secure Remote Commerce standards and supported by major card schemes, Click to Pay allows consumers to register once and check out instantly across merchants, without passwords, manual entry or lengthy forms. For merchants, the impact across the payment lifecycle includes: Higher conversion through fast checkout Reduced involuntary churn with updated tokens Stronger security and simplified compliance With millions of users worldwide and 89% of consumers rating Click to Pay equal to or better than other digital payment methods³, adoption continues to accelerate. Worldline’s Click to Pay solution will be available on the Global Collect platform from 30 July 2026. Learn more about Worldline's subscription payment solutions or get in touch to discuss how Click to Pay can support recurring payments in your business. 1 Source: Mastercard2 Source: Paddle3 Source: Visa Consumer Research 2025

Key Points – June Report Introducing the updated MNI China Money Market Index (MMI), formerly the MNI China Liquidity Index, which has been adapted to reflect the PBOC's monetary policy. Chinese money market expectations for rate cuts hit a fresh low in June as the People's Bank of China scaled back its injections to tighten excessively loose liquidity, MNI’s China Money Market Index indicated. The sub-index covering current liquidity conditions jumped to 65.4 from 20.6 (the higher it reads, the tighter liquidity), the highest reading since February 2025. The MNI China Money Market Index slipped in June but remained just above the 50 mark The MNI China Money Market Current Conditions Index jumped sharply as conditions tightened The MNI China Economic Outlook Index was lower, with the index remaining in the range of recent months. The MNI survey collected the opinions of 52 traders with financial institutions operating in China's interbank market, the country's main platform for trading fixed income and currency instruments, and the main funding source for financial institutions. Interviews were conducted June 8 to 18.

To more effectively manage our critical IT systems and ensure business continuity, the Shanghai Gold Exchange will conduct a system switchover during the period from June 24 to June 25. During this period, the trading system will switch from the production data center to the disaster recovery data center. Switchback to the primary data center will take place when appropriate. During the aforementioned period, external SGE partners will generally not be required to change system configurations or take other actions, but should closely monitor the operational status of the backup trading system. If any issue occurs, please contact us immediately.Thank you for your support and cooperation.SGE technical support hotlines:021-33662093021-33662095For any partner accessing SGE systems via the internet and has implemented an internal IP change, if you cannot access the IP address of the trading system, please try accessing via domain or contact your network administrator. Domain of Member Service Platform: https://member.sge.com.cn:7003/user/login.htmDomain of Storage and Logistics Service Platform: https://storage.sge.com.cn:7003/user/login.htm

Hong Kong’s capital markets made remarkable strides across multiple asset classes over the past year, as investment funds, digital assets and equities delivered broad-based, quality growth to reinforce the city’s status as a leading international financial centre, according to the Annual Report 2025-26 of the Securities and Futures Commission (SFC) released today (Note 1). Notably, with a world-class regulatory regime, Hong Kong’s asset management sector flourished with exchange-traded funds (ETFs) and locally-domiciled funds posting strong growth, while the digital asset ecosystem expanded through innovative products and services. Equity market reforms and deeper Mainland connectivity also boosted Hong Kong’s market depth and breadth. The SFC’s Chairman Dr Kelvin Wong underscored that: “By fulfilling our dual mandate as market guardian and facilitator, the SFC aims to boost investor confidence, enable capital formation, and support inclusive, sustainable prosperity for Hong Kong’s capital markets. Amidst emerging challenges, the SFC will stay focused on its strategic priorities to entrench Hong Kong’s irreplaceable position as the vital financial gateway bridging the Mainland and the world.” Chief Executive Officer Ms Julia Leung said: “In this ever-changing landscape, we are more committed than ever to fostering resilience as a powerful engine to support market transformation and technological innovation. The SFC’s executive team is committed to driving responsible innovation in our markets and fostering future-ready financial ecosystem.” On the asset and wealth management front, Hong Kong has strengthened its role as a global hub over the past year. SFC-authorised ETFs and leveraged and inverse (L&I) products represent a fast-growing segment, as average daily turnover surged 50.6% year-on-year (YoY) to $38.1 billion and total market capitalisation grew 25.2% to $651.2 billion over the year ending March 2026 (Note 2). In particular, single-stock L&I products’ market capitalisation soared 60 times in the year. Additionally, Hong Kong-domiciled funds’ assets under management (AUM) jumped 19.4% to $2.3 trillion, driven by strong net inflows. The digital asset ecosystem also saw vibrant developments. Tokenised investment products showed faster growth, with 13 SFC-authorised retail products’ AUM gaining nearly six times YoY to $10.8 billion as of March. The total market capitalisation of 11 virtual asset (VA) spot ETFs grew by a strong 90% since debut in 2024. The 12 licensed VA trading platforms saw turnover surge 125% over the past year. To sustain quality growth ahead, the SFC is working with the Government to complete the legislation for four new regulatory regimes – VA dealing, custody, advisory and management. In the equity market, enhancing competitiveness remained a priority in the year. Post-IPO financing in Hong Kong saw healthy growth of 18% YoY to $259 billion as of March, alongside a 272% surge in IPO funds raised to $379 billion. Secondary market liquidity and efficiency improved on the back of reform measures: average daily turnover for Hong Kong market rose 54% to a record high of $258 billion; trading spreads narrowed by 38% and order execution time improved by 26% for related stocks under the first phase of minimum spread reduction. Stock Connect remained a strong driver of market trading, as southbound daily turnover jumped 84% YoY to $124.1 billion and accounted for a record-high 24% of Hong Kong’s market turnover. For northbound trading, cumulative inflows to Mainland stocks since launch totalled RMB1.47 trillion, reaffirming Hong Kong’s vital role as a Mainland gateway. Northbound average turnover made up 6.3% of the Mainland market turnover last year. Additional highlights: a)    New-economy listings continued to gain traction with the launch of Technology Enterprises Channel, as funds raised by new listings of specialist technology and biotech companies surged 660% YoY to over $42 billion last year. Meanwhile, to enhance listing quality, we have been conducting thematic inspections of selected sponsors after flagging issues of potential misconduct in early 2026. b)    Swap Connect – a mutual market access scheme to hedge Mainland interest rate exposure – registered more active investor participation and record monthly turnover (RMB821 billion in March 2026). Over RMB11.6 trillion in renminbi interest rate swap transactions were executed as of March. c)    In a landmark move to seek redress for investors, the SFC secured the first auditor compensation over false and misleading financial statements in April 2026, reaching an agreement with the auditor of a now-defunct company to set aside $1 billion to compensate independent minority shareholders. d)    To step up investor education, the SFC expanded its anti-scam publicity through community outreach in the year and launched an official Rednote account this April, which attracted more than 20,000 followers up to May. The Annual Report, accompanied by a video message, is available on the SFC website, and its Facebook, LinkedIn, WeChat and Rednote pages. Notes: The Annual Report 2025-26 covers the financial year from April 2025 to March 2026. Unless otherwise specified, figures are in Hong Kong dollars and as of end-March 2026 or for the financial year ending 31 March 2026.   Appendix  

ASIC has put car finance providers on notice after identifying a range of concerns in relation to third party distributor arrangements, sales practices and monitoring of consumer outcomes. ASIC’s review examined data from over 350,000 loans across eight car finance providers, including some of Australia’s largest. It identified shortcomings in some lenders’ oversight of distributors like brokers and car dealers who sell their loans, exposing consumers to harm. ASIC Commissioner Alan Kirkland said the findings, released today in Report 832 Lifting the bonnet: ASIC's review of car loans (REP 832), indicate that some lenders are not paying enough attention to the impact of their practices on consumers. ‘Lenders should be monitoring the experiences of borrowers, especially where loans are sold by third parties like dealers or brokers. Responsibility for consumer outcomes cannot be outsourced. ‘This review lays bare the potential risks when lenders fail to effectively monitor third-party distributors, and how consumers can pay the price.’ ASIC found that the overall cost of car loans could vary widely and that total fees could be significant, particularly for relatively low-value loans. Loans typically incurred two establishment fees—a lender establishment fee, ranging from $299 to $995, and a distributor establishment fee, ranging from a flat fee of $912 to up to $2,500. However, one lender—charging the highest total fees across all loans reviewed—also imposed a third fee, with one customer paying over $9,000 in fees on a $49,162 car loan. This included over $7,800 to the lender and $1,320 to the broker—around 18% of the total loan amount. Infographic – Highest fees, different lenders (text version) ASIC also found that when consumers fell into hardship, some received inconsistent hardship support, while for those whose cars were re-possessed and sold, many still owed their lender money. ‘Consumers shouldn’t lose their car and still be stuck with the bulk of their debt,’ Mr Kirkland said. However, in a sample of 250 loans reviewed, 90% of consumers still owed over half their total loan amount, and in some cases over 100% of the loan amount. Infographic – Cars repossessed, debts left behind (text version) ‘If a large proportion of customers are falling behind on repayments early, it raises serious questions about whether those loans were appropriate in the first place and how lenders conduct their affordability checks,’ Mr Kirkland said. He also pointed to the importance of how lenders verify the value of vehicles, including in situations where over-valuation creates higher risks for consumers, such as for older cars with high mileage in remote areas. Through its review, ASIC found that a consumer’s location and chosen lender could affect their outcomes, particularly in regional and remote locations, with participating lenders approving a lower proportion of hardship variations in these locations than others. ASIC’s intervention has already driven some changes across the car finance sector, with all eight participating lenders improving hardship processes, and many strengthening product distribution conditions, product review triggers, governance and oversight of high-volume distributors to better detect and respond to consumer harm. Commissioner Kirkland said that while it was encouraging to see some improvements to lenders’ processes, much more needed to be done to improve practices across the sector. ‘Australians shouldn’t be at risk of financial harm simply because they need a car to get to school, work and essential services,’ Mr Kirkland said. ‘Lenders and intermediaries need to put consumers at the centre of how these products are designed, sold and serviced, and fix practices that leave too many drivers worse off. ‘We will be monitoring the progress of lenders involved in this work, and where we identify lenders or intermediaries failing to comply with legislative obligations, will take action to address consumer harm.’ Background ASIC’s review looked at the experiences of consumers in the motor vehicle finance sector. ASIC’s probe considered the compliance of participating lenders, including their oversight of distributors, such as brokers and dealerships, and reviewed how loan defaults, hardship practices and dispute resolution processes are managed. Lenders involved in the review: Australian Alliance Automotive Finance Pty Ltd Angle Auto Finance Pty Ltd Latitude Automotive Financial Services Nissan Financial Services Australia Pty Ltd Pepper Asset Finance Pty Ltd Plenti Finance Pty Ltd Rapid Loans Pty Ltd, and Toyota Finance Australia Limited (including PowerTorque Finance). Outside of this review, ASIC took action against Money3 Loans following numerous complaints about the inappropriate provision of vehicle finance to vulnerable consumers. In April 2026, the Federal Court ordered Money3 Loans Pty Ltd to pay penalties of $1.55 million for breaching responsible lending obligations when providing car finance to vulnerable consumers (26-084MR). In proceedings brought by ASIC, the Federal Court also found earlier this month that Diamond Wheels Pty Ltd, trading as Lansvale Motor Group and Keo Automotive Pty Ltd, provided car loans to consumers without a credit licence and charged consumers unlawful and excessive interest charges. Ken Keomanivong, a director of Keo Automotive and former director of Diamond Wheels, was also found liable for his involvement in the conduct of those companies. A further hearing on penalty and other relief is scheduled for 20 August 2026 (26-114MR). Proceedings are also underway against Ausfinancial Pty Ltd, trading as Swoosh Finance, which is listed for trial in March 2027. ASIC is alleging contraventions of responsible lending obligations in the National Consumer Credit Protection Act 2009, and contraventions of the design and distribution obligations (24-285MR). Downloads Report 832 Lifting the bonnet - ASIC's review of car loans (REP 832) (June 2026) Infographic one - What ASIC’s review of car loans found (PDF 135 KB) Infographic two - Highest fees, different lenders (PDF 205 KB) Infographic three - Cars repossessed, debts left behind (PDF 203 KB) Media release (25-269MR) ASIC drives car finance providers to improve consumer outcomes (November 2025) Report 815 Hardship, not as hard to get help (REP 815) (September 2025) Report 795 Design and distribution obligations: Compliance with the reasonable steps obligation (REP 795) (September 2024) For consumers Consumers experiencing difficulty with a car loan are encouraged to contact their lender early, seek independent financial counselling and understand their rights. Free education resources are available on ASIC’s Moneysmart website.

Cboe Global Markets, Inc. (Cboe: CBOE), a leading global markets operator and pioneer in equity and index derivatives, today announced the launch of the first products in its new prediction markets suite, Cboe PredictsSM. The offering includes binary option contracts based on the Mini-S&P 500 Index (XSP), listed under the symbols XSPBW and XSPBX. The contracts are now available on Interactive Brokers and expected to roll out at Charles Schwab in the coming months, with additional retail brokerage platforms expected to offer access over time.  Cboe PredictsSM represents the latest expansion of Cboe's S&P 500 Index (SPX) product suite. XSP allows customers to trade on the performance of the S&P 500 Index (SPX) but is scaled to 1/10th the size of SPX – making it a smaller, more retail-friendly alternative. Traders can express a view on where XSP may close by taking a "yes" position (paying $100 if the index settles at or above a specified level, or $0 otherwise) or a "no" position (paying $100 if it settles below that level, or $0 otherwise). "Following the success of SPX 0DTE options, we have seen continued customer demand for shorter-dated, outcome-based trading, creating a natural extension for Cboe to introduce XSP binary options," said JJ Kinahan, Head of Retail Expansion and Alternative Investment Products at Cboe. "Cboe's S&P 500 options suite has long provided traders with flexibility to define their outcomes through traditional options strategies. With Cboe Predicts, we are expanding that choice by offering simple 'yes-or-no' payout event contracts, supported by dedicated educational resources designed to help customers participate more confidently and responsibly."  In a future release, Cboe also plans to enable trading of XSP vertical spreads through its proprietary, patent-pending Quoted Spread BookSM (QSBSM) framework. The framework is designed to package widely used options strategies into a simpler, more intuitive format, helping newer traders already comfortable with "yes/no" outcomes build familiarity with more advanced options concepts within defined-risk strategies.  Through access provided by leading retail brokers, Cboe's intermediated model is designed to encompass high standards for customer education, market access and oversight. Additionally, these securities-based products are centrally cleared through the Options Clearing Corporation (OCC), providing enhanced risk management during the settlement process. "OCC stands ready to bring the same clearing infrastructure and risk management discipline that underpins all of the products we clear to the new binary options," said Mike Hansen, Chief Clearing and Settlement Services Officer at OCC. "Our commitment to operational excellence and financial integrity ensures that participants can engage with confidence, knowing every transaction is supported by sound, well-established clearing and settlement services." "Investors increasingly seek products that allow them to express a specific view on future events and market outcomes," said Milan Galik, Chief Executive Officer of Interactive Brokers. "Cboe's binary options and Mini-S&P 500 Index contracts provide another way to do that, and we are pleased to make them available to Interactive Brokers clients." "We support approaches that bring transparency, defined risk, and investor education to financial-related prediction markets," said James Kostulias, Head of Trading Services, Charles Schwab. "We plan to offer clients access to these binary options contracts in the coming months, building on our existing platform and demand from active traders." "For more than 50 years, Cboe has built and operated some of the world's most established and trusted markets," said Rob Hocking, Global Head of Derivatives at Cboe. "We look forward to bringing our experience, trusted market infrastructure and the deep liquidity of the SPX options ecosystem to prediction markets. Our goal is to help set a higher standard for market integrity, product design and investor protection by offering access through a regulated securities exchange and central clearing through OCC." Cboe has also introduced educational resources, including a new prediction markets resource hub and courses through The Options Institute, a leader in options education for more than 40 years. These courses guide learners from market basics and decision-making through Cboe's 'yes/no' contracts, then into core options concepts. Cboe's XSP prediction market contracts are security options and will trade within the same regulatory framework as U.S.-listed options, providing institutional-grade liquidity, transparency, and surveillance, among other benefits.

The Commodity Futures Trading Commission today filed a lawsuit against Kentucky to block the state’s efforts to shut down CFTC-registered contract markets using state laws.  The lawsuit follows Kentucky’s decision to file civil enforcement actions in state court against CFTC-regulated designated contract markets, seeking to obtain large monetary penalties from those entities. In addition, the state recently created a new special transaction fee on CFTC-regulated DCMs to encourage these platforms to shut down in the state. Kentucky’s effort to restrict the functioning of CFTC-registered exchanges obstructs Congress’ decision to federally preempt state law.  “Kentucky is the latest state attempting to shut down federally-regulated event contracts,” said Chairman Michael S. Selig. “Prediction markets provide Kentuckians with valuable information about the likelihood of future events and offer risk management products relied on by Kentucky businesses and individuals. As I’ve consistently pledged, the CFTC is firmly committed to maintaining its exclusive jurisdiction over prediction markets, and today’s lawsuit against Kentucky is yet another example of the Commission protecting its federal interests.” The CFTC has also initiated legal proceedings against Minnesota, Illinois, and Rhode Island, and has submitted amicus briefs to the U.S. Court of Appeals for the Sixth and Ninth Circuits as well as the Supreme Judicial Court of Massachusetts. RELATED LINKS Complaint for Declaratory and Injunctive Relief

Fiserv, Inc. (NASDAQ: FISV) (the “Company”), a leading global provider of payments and financial services technology solutions, today announced the pricing of its tender offers to purchase for cash (the “Offers”) any and all of its outstanding 5.150% Senior Notes due 2027 (the “2027 Notes”) and 4.400% Senior Notes due 2049 (the “2049 Notes” and, together with the 2027 Notes, the “Notes”). The table below shows the applicable Reference Yield and Consideration for the Notes, calculated as of 2:00 p.m., New York City time, today, June 23, 2026, in accordance with the Offer to Purchase (as defined below). Title ofSecurity CUSIP No. / ISINNo. AggregatePrincipal AmountOutstanding U.S.TreasuryReferenceSecurity ReferenceYield BloombergReferencePage FixedSpread Consideration(1) 5.150% Senior Notes due 2027 337738 BJ6 / US337738BJ60 $750,000,000 4.000% UST due May 31, 2028 4.186% FIT1 5 bps $1,005.65 4.400% Senior Notes due 2049 337738 AV0 / US337738AV08 $2,000,000,000 5.000% UST due May 15, 2046 4.959% FIT1 108 bps $797.61 _______________         (1)   This is the applicable consideration (the “Consideration”) that will be payable per $1,000 principal amount of Notes accepted for purchase, including through the Guaranteed Delivery Procedures (as defined below). The calculation of the Consideration uses a Settlement Date (as defined below) of June 26, 2026 and the applicable Par Call Date, which is February 15, 2027 for the 2027 Notes and January 1, 2049 for the 2049 Notes. The Consideration does not include Accrued Interest (as defined below), which will be paid on Notes accepted for purchase.               The Offers are being made solely pursuant to the terms and conditions set forth in the Offer to Purchase, dated June 16, 2026 (the “Offer to Purchase”). Holders of Notes (“Holders”) are urged to carefully read the Offer to Purchase before making any decision with respect to the Offers. The Offers are not conditioned on any minimum amount of Notes being tendered. The Company may amend, extend or terminate either or both of the Offers in its sole discretion, subject to applicable law. The Offers will expire at 5:00 p.m., New York City time, today, June 23, 2026, unless extended or terminated by the Company (such time and date, as the same may be extended or terminated by the Company in its sole discretion, subject to applicable law, the “Expiration Date”). Tendered Notes may be withdrawn at or prior to the Expiration Date by following the procedures in the Offer to Purchase, but may not thereafter be validly withdrawn, unless otherwise required by applicable law. Holders of the Notes must validly tender and not validly withdraw their Notes, or submit the Notice of Guaranteed Delivery substantially in the form attached to the Offer to Purchase and comply with the related procedures specified in the Offer to Purchase (the “Guaranteed Delivery Procedures”), prior to the Expiration Date to be eligible to receive the Consideration. Accrued and unpaid interest (such interest as described below, the “Accrued Interest”) will be paid on all Notes validly tendered and accepted for purchase pursuant to the Offers, including Notes accepted pursuant to the Guaranteed Delivery Procedures, from the last interest payment date up to, but not including, the Settlement Date. The Company expects to pay the Consideration plus Accrued Interest for all Notes validly tendered and accepted for purchase (including Notes tendered pursuant to the Guaranteed Delivery Procedures) on June 26, 2026 unless extended. The date on which payment of the Consideration and Accrued Interest occurs is the “Settlement Date.” The description of the Offers above is only a summary and is qualified in its entirety by reference to the Offer to Purchase. Citigroup Global Markets Inc. (“Citigroup”), J.P. Morgan Securities LLC (“J.P. Morgan”), TD Securities (USA) LLC (“TD Securities”) and Wells Fargo Securities, LLC (“Wells Fargo Securities”) are the lead dealer managers for the tender offers. Investors with questions regarding the tender offers may contact the lead dealer managers at the following telephone numbers: (i) Citigroup at (800) 558-3745 (toll-free) or (212) 723-6106 (collect), (ii) J.P. Morgan at (866) 834-4666 (toll-free) or (212) 834-3554 (collect), (iii) TD Securities at (866) 584-2096 (toll-free) or (212) 827-2842 (collect), and (iv) Wells Fargo Securities at (866) 309-6316 (toll-free) or (704) 410-4235 (collect). Global Bondholder Services Corporation is the tender and information agent for the tender offers and can be contacted at (855) 654-2014 (toll-free) (bankers and brokers can call collect at (212) 430-3774) or by email at contact@gbsc-usa.com. None of the Company or its affiliates, their respective boards of directors, the lead dealer managers, the co-dealer managers, the tender and information agent, and the trustee with respect to any Notes is making any recommendation as to whether Holders should tender any Notes in response to the Offers, and neither the Company nor any such other person has authorized any person to make any such recommendation. Holders must make their own decision as to whether to tender any of their Notes, and, if so, the principal amount of Notes to tender. This news release is for informational purposes only and does not constitute an offer to sell, or a solicitation of any offer to buy, any security. No offer, solicitation or sale has been or will be made in any jurisdiction in which such an offer, solicitation or sale would be unlawful. The Offers are only being made pursuant to the Offer to Purchase. Holders of the Notes are urged to carefully read the Offer to Purchase before making any decision with respect to the Offers.

Digital Prime Technologies, a provider of institutional digital asset technology solutions, today announced a strategic investment from Galaxy Digital (Nasdaq: GLXY), a global leader in digital assets and data center infrastructure. The investment builds on Galaxy's existing relationship with Digital Prime Technologies as a launch participant on Tokenet, the institutional digital asset lending platform that went live in May 2026. Tokenet, developed in partnership with EquiLend, applies proven securities lending workflows, risk controls, and lifecycle management to digital assets, delivering the operational rigor required by institutional market participants. Galaxy's decision to invest reflects its assessment of Tokenet's position as an emerging standard for institutional digital asset lending - a market that has historically operated without the governance and transparency structures that institutional participants require. "The maturation of digital asset lending depends on infrastructure that institutions can trust from day one. Tokenet has been built with that bar in mind, and Galaxy's investment in Digital Prime is a reflection of our confidence in both the platform and the team behind it," said Max Bareiss, Head of Lending, Galaxy Digital. "This investment validates what we set out to build: an institutional-grade platform that closes the gap between digital asset lending and the standards the traditional market already operates by. Having Galaxy as both a live participant and an investor reflects confidence in both the platform and the direction of the market," said James Runnels, Co-Founder and CEO of Digital Prime Technologies. "EquiLend's partnership with Digital Prime was built on the recognition that institutional participants need a path into digital asset lending that doesn't require them to compromise on operational standards. Galaxy's investment in Digital Prime reinforces that the market is moving in that direction," said Nick Delikaris, Chief Product Officer, EquiLend. Digital Prime will use the investment to accelerate Tokenet's development and expand its institutional client base. EquiLend's global network continues to provide the distribution foundation for Tokenet to scale within the institutional lending community. For more information on the Tokenet launch, view our press release here.

Today, SIFMA, along with SIFMA’s Asset Management Group (SIFMA AMG), the American Securities Association (ASA), the Financial Services Institute (FSI), Investment Adviser Association (IAA), Investment Company Institute (ICI), Managed Funds Association (MFA), and U.S. Chamber of Commerce, submitted a letter commending the Senate Banking Committee for its work to advance capital formation legislation and urging it to pass a comprehensive package this year. Building on the momentum of the House’s December 2025 passage of the bipartisan INVEST Act, the coalition is calling on the Committee to pass a robust capital formation package to modernize U.S. securities laws, reduce burdens on market participants, promote continued innovation in our capital markets, and strengthen investor protections. SIFMA’s top priorities include electronic delivery (e-delivery) of investor documents and expanded retirement investment options for 403(b) plans, both of which have broad bipartisan support and a clear path forward through the Senate Banking Committee: The Improving Disclosure for Investors Act, which would require the SEC to adopt rules that would allow electronic delivery to be the default method of transmitting investor documents, with appropriate safeguards, opt-out rights, and transition rules. E-delivery modernizes how investors receive real-time, secure access to their financial information while reducing costs and environmental impact. The bill currently has 10 Senate cosponsors, including 6 Democrats and 4 Republicans. The Retirement Fairness for Charities and Educational Institutions Act of 2025, which would amend securities laws to expand investment options for 403(b) retirement plans covering employees of nonprofits and educational institutions, establishing long-overdue parity with other retirement plan types. The bill has garnered 19 Senate cosponsors, including 9 Democrats and 10 Republicans. “We respectfully encourage the Committee to introduce a capital formation legislative package as soon as possible this year that includes the provisions highlighted in this letter,” the letter states. “We share your goal of strengthening access to U.S. capital markets to support economic growth across the country, and as such, we look forward to continuing to work with you as the Committee advances this critical legislation.” Other key recommendations include: The Increasing Investor Opportunities Act, which would expand closed-end investment companies’ ability to invest in private funds and add protections for closed-end fund investors. The Encouraging Public Offerings Act of 2025, which would allow all issuers of public securities to take advantage of the testing of the waters and confidential draft registration submission provisions of the JOBS Act, encouraging more companies to go public. The Access to Small Business Investor Capital Act, which would allow investment funds to provide more accurate fee and expense information by omitting potentially misleading BDC-related disclosures. The Expanding Well-Known Seasoned Issuer (WKSI) Eligibility Act, which would update the WKSI definition and expand the universe of eligible users, increasing flexibility in registration and investor communications. The Senior Security Act of 2025, which would create a Senior Investor Task Force at the SEC to reinforce senior investor protection. The full letter is available here.

Nasdaq (Nasdaq: NDAQ) announced today the results of the semi-annual review of the First North 25TM Index, (Nasdaq Stockholm: FN25TM), which will become effective at market open on Wednesday, July 1, 2026. The following securities will be added to the lndex: Absolent Air Care Group AB (ABSO), Acconeer AB (ACCON), ARENIT Industrie SE SDB (ARENIT SDB), ByggPartner Gruppen AB (BYGGP), Clavister AB (CLAV), COFFEE STAIN GROUP AB SER. B (COFFEE B), NYAB AB (NYAB), Stille AB (STIL), Vertiseit AB ser B (VERT B). The First North 25™ Index measures the performance of a selection of the largest and most traded securities listed on the Nasdaq Nordic First North Growth Markets (First North Denmark, First North Finland, First North Iceland and First North Sweden). The Index is reviewed semi-annually in January and July. As a result of the semi-annual review, the following securities will be removed from the Index: Arlandastad Group AB (AGROUP), Devyser Diagnostics AB (DVYSR), EXSITEC HOLDING AB (EXS), Faron Pharmaceuticals Oy (FARON), Lyko Group AB ser. A (LYKO A) and Subgen AI AB (SUBGEN). For a list of current Index Securities please refer to Nasdaq's Global Index Watch. For more information, please refer to the First North 25 Index Methodology.

SIFMA filed a comment letter with the Securities and Exchange Commission (SEC) in response to the SEC’s concept release in support of its comprehensive review of the Consolidated Audit Trail (CAT). In its letter, SIFMA addresses the longstanding issues of CAT funding and governance, which ultimately stem from the NMS plan governance structure currently used to operate the CAT. To address these fundamental issues, SIFMA recommends that the Commission immediately eliminate the current CAT funding model and assume sole responsibility for CAT costs by including in its annual budget request from Congress the amount necessary to fully fund the CAT. After taking over CAT funding, SIFMA recommends that the Commission eliminate the CAT NMS Plan and directly operate the CAT.  SIFMA also urges the Commission to revisit its CAT Data Security Proposal from 2020 and implement several of the initiatives discussed in that proposal to ensure that regulators using the CAT transactional database do so in a manner consistent with the highest and most current data security standards. “SIFMA commends the SEC for conducting this long-overdue comprehensive review of the CAT,” said Kenneth E. Bentsen, Jr., SIFMA president and CEO.  “We appreciate the opportunity to weigh in on the future direction of the CAT.  While we outline numerous suggestions in our submission, our primary recommendations are for the SEC to take direct control of CAT funding and for the SEC to eliminate the CAT NMS Plan and be responsible for operating the CAT.  These steps will help address the longstanding funding and governance issues that have led to the out-of-control system costs and insulated decision-making processes that have come to define the CAT.  They will also put the CAT on a more sustainable foundation going forward.” In addition, the comment letter addresses the following areas: The CAT Advisory Committee; Cost management; and Retirement of Electronic Blue Sheets (EBS) for equities and listed options and Commission implementation of a separate request-response system. The letter is available at the following link:  https://www.sifma.org/advocacy/letters/concept-release-on-cat-and-other-audit-trails-and-data-sources

Good morning and thank you for that kind introduction. It is an honor to be with the men and women who provide our country and the world with clothes, textiles, and medical supplies from American grown cotton. As is customary, I must note that the views I share today are my own as Chairman and don’t necessarily reflect those of the Commission. As we prepare to celebrate America’s 250th anniversary, we have a unique opportunity to reflect on what has made this country exceptional for nearly two and a half centuries. We often think about the founders who signed the Declaration of Independence or the soldiers who fought for our freedom, but we should also remember the farmers, ranchers, producers, and agricultural businesses that have sustained this nation every step of the way. Long before there was Wall Street, there was Main Street. Long before financial markets became digital, there were producers taking risks with the weather, crops, prices, and their livelihoods every season. For 250 years, businesses like yours have proven that domestic cotton production is critical to our national security and our family farms and ranches are the backbone of this great nation. Whether it is cotton producers across the south or merchants seeking to buy and move product using our markets, the work you do for the United States and the world is crucial to our survival. I was reminded of that recently during a farm tour through my home state of Florida. I spent time with cattlemen, specialty crop farmers, and sugar producers who welcomed us onto their land, showed us what modern agriculture production looks like, and explained the challenges they face on a daily basis. What struck me was how producers and agricultural businesses embrace innovation to enhance their yields, protect the environment, and improve the efficiency of their operations. During my agriculture visits in Florida last month, I had the opportunity to experience sugarcane harvest and processing for the first time. For sugar production, the farmers explained the need for precision agriculture, regenerative soil practices, proper pest and disease control, and suitable weather conditions. They need daily burn permits from the government to burn the cane, preparing it for harvest. Sugarcane production is not an easy feat by any means, and a lot of the ideal planting and harvesting conditions are out of their control. Then there’s considerations for refining, storage, and transportation of the final product. Technology is everywhere. Farmers are incorporating precision agriculture technologies to improve crop production and yields through data analysis, specific fertilizer, nutrient, and pesticide applications, as well as to monitor the weather and control irrigation. Broadband technology enhances equipment productivity, incorporating GPS systems into combines and harvesters, which allow producers to be as efficient as possible. As technology and data advances, our farmers have better control over their inputs – using just the prescribed amount of feed, fuel, or fertilizer – to then maximize their bottom line.  But technology cannot, and will not, replace everything. Agriculture production still requires long hours working in the heat of the summer and the chill of winter and on weekends and holidays, waking before the sun rises and often working through the dead of night. Farmers are still operating equipment to plant and harvest crops, and making decisions not based on technology – but on generations of knowledge and experience.  I saw firsthand the uphill battle they face on a daily basis. Their struggles with various input costs and weather dependent yields, emphasize the need for strong and effective risk management tools, like the futures and options we regulate at the CFTC, and advanced technology to analyze peak conditions and operate their equipment in the most efficient manner. During my trip, we also went to a family-owned cow-calf operation, where I learned more about the cyclical nature of cattle production and how the market naturally contracts and expands over roughly a ten-year period based on the size of the herd. This process directly ties into the live and feeder cattle contracts on the exchanges and impacts prices for both the producer and consumer.  The time and planning required to have a successful herd or high yielding crop never ceases to amaze me. Seeing production agriculture firsthand from those who run these operations demonstrated the important role that innovative technology plays in keeping your farms, gins, and businesses running.  Innovation is not coming to agriculture soon. It’s already here. But even with all that technology, at the center of every operation what we saw was still a family business and producers working to feed our great nation.  Technology may change the tools you all use, but it does not replace the people. At the CFTC, that matters.  Our job is not to force change for the sake of change. Our job is to make sure innovation works for the people who use these markets every day.  We can utilize the best of both worlds. We want innovation, better tools, stronger markets, and broader access. But we are not going to turn everything over to robots and blockchain systems without considering the real-world impact on farmers and producers.  Markets work best when they serve people, not the other way around. That’s why at the CFTC, we’re focused on balancing innovation with the day-to-day realities of American agriculture.  Many of you have probably heard me say before that the CFTC will not take a “one-size-fits-all” approach to innovation in our markets. And I will continue to stand by this.  What works for newer, innovative markets, like crypto assets and prediction markets, may not be suitable for traditional asset classes, like agriculture.  As you may know, last month, the Commission took steps to approve narrowly curated perpetual contracts on bitcoin, and similar crypto assets, so that they can be listed on a CFTC-registered exchange as a futures contract.  Perpetual contracts are a type of derivative contract that does not have an expiration date, trades continuously on a 24-7 basis, and is intended to achieve price parity through a pricing mechanism, called a funding rate.  The Commission’s recent action on perpetuals is limited to crypto perpetual contracts with deep, active, and continuous spot market trading. As I hope the many forms of actions made clear, I do not believe that the perpetual instrument is suitable for all asset classes, especially in products like agriculture.  To further express this sentiment, the Commission released several additional documents in tandem with the bitcoin perpetual contract order, to make it crystal clear that if registrants want to make any moves concerning perpetual futures outside of the crypto context, they will need to speak to the Commission first.  We fully recognize and understand that 24-7 trading and the perpetual model is not a natural fit for traditional commodity markets, like agriculture, that observe limited trading hours and rely on physical delivery.  I hope this provides everyone in the agriculture community reassurance that your feedback matters to us; and that we are listening. The Commission takes the concerns of traditional market participants on perpetuals very seriously.  Another area we have taken action in is prediction markets. The products traded on these markets are frequently referred to as event contracts, and they’ve existed in CFTC-regulated markets for decades. Event contracts are typically structured as swaps, putting them comfortably within the CFTC’s regulatory authority.  These contracts are often based on yes or no scenarios. The most widely utilized contracts are for sports, elections, and political events. But as you all probably know, there are now event contracts on traditional commodities, like agriculture, energy, and metals.  Prediction markets can serve as a critical risk management tool, mitigating risk, and providing competition in the marketplace, which can drive down costs for consumers.  However, as I stated before, it is not a “one-size-fits-all” proposition.  This is why I have strongly advocated for exchanges to limit trading hours for agricultural commodity contracts to match traditional trading hours.  I also continue to emphasize the importance of working with agriculture stakeholders and industry to provide the best product for all users that does not negatively impact the agricultural community. Your concerns are being heard.  When the contracts are drafted and executed with limited trading hours, producers have an additional tool in the toolbox to hedge their risks.  These markets affect family businesses, crop plans, and entire rural communities, and they are crucial to the survival of America’s farmers. All of you in this room deserve a regulator who understands that.  At the same time, we cannot ignore the fact that the broader financial system is evolving rapidly. We saw this with blockchain technology. We saw it with crypto assets. We see it now with discussions around 24-7 trading.  The answer is not to reject innovation outright like we have seen from previous administrations. The answer is to ensure innovation remains a part of traditional finance in a way that strengthens our markets. America has the best commodity derivatives markets in the world. They are liquid, transparent, resilient, and importantly, they were built around the needs of those who use them the most.  Rest assured: although the Commission has taken recent actions in the crypto assets space, our roots are in regulating agricultural markets, and we are just as focused on ensuring that regulation works for our traditional markets as on modernizing our rules for markets on the new frontier.  Under my leadership, the CFTC will preserve those strengths while modernizing responsibly. To do so, we will make sure farmers continue to have a seat at the table. Our doors are open. If there are issues affecting your business, we want to hear about them. If clearing costs are too burdensome, let us know.  If regulations are limiting access to our markets or reducing competition, we want to better understand those impacts.  That is why I have worked to revive the CFTC’s Agricultural Advisory Committee to ensure traditional market participants have input and feedback on the regulatory issues and policies affecting them everyday. Our first meeting is next month, and we are excited to sit down in a roundtable format and hear from our members, several of which are with us here today. The Ag Advisory Committee will generate a report of findings for the Commission to consider regarding topics we discuss – such as opportunities to enhance risk management tools, capital requirements such as the Basel III endgame proposal, the Commitments of Traders report, 24-7 trading, and much more.  The Ag Advisory Committee’s work will be influential in guiding future decision-making at the CFTC. The people using these markets every day should help shape the future of these markets.  That brings me to another opportunity for engagement with the agricultural community. Under my leadership, we are bringing back AgCon, the Agricultural Commodity Futures Conference hosted by the CFTC and Kansas State University, which will be in Kansas City this October. AgCon is a great event for the agency to hear directly from agricultural leaders across the country on how we can best serve the agricultural industry. Mark your calendars and we hope you will join us in October.  To ensure we are prioritizing and hearing from the agricultural community, I have hired the first ever Senior Agricultural Advisor to the Chairman, and she keeps me updated on your needs and those of the agriculture industry as a whole.  From a policy making standpoint, we have been busy at the CFTC evaluating the results of the Request for Comment on the Commitments of Traders, or COT, report.  ACSA has played a key role in providing strong feedback and recommendations for improvement of the report, including publishing it twice a week. We are evaluating our internal processes and data to provide a pathway forward to enhance the report for all market participants. Thank you all for your engagement on COT.  One of my main goals here at the CFTC is to avoid the implementation of unnecessary and ineffective regulatory burdens, like those put on futures commission merchants (FCMs) and swap dealers after Dodd-Frank. We've seen the number of FCMs significantly decline, particularly those that serve agricultural producers. Farmers should not have to pay larger fees to hedge their risks just to comply with government regulations.  A great example of this is the Basel III proposal from the Biden administration. Capital rules should not unintentionally reduce liquidity, push producers and hedgers out of the marketplace, or increase the cost of clearing.  That is why I have worked together with the prudential regulators to develop a new, less burdensome Basel III proposal that aims to streamline regulations and reduce capital requirements. We are focused on ensuring continued access to American derivatives markets, because efficient access to risk management tools is critical for everyone in the room and the agricultural economy as whole. Farmers should be able to hedge risk without excessive or unnecessary expenses - that is common sense.  As we seek opportunities to enhance risk management tools for row croppers, livestock producers, and agribusinesses, we are strengthening our roots by ensuring the CFTC’s relationship with the U.S. Department of Agriculture (USDA) remains strong.  Before the CFTC was formed in 1974, its functions were housed in the USDA as the Grain Futures Administration, and then the Commodity Exchange Administration, dating back to the early 1920s and 1930s. This is the time when clearing members began to report their large trades and open market positions. And the Administration began to publish annual reports of data, similar to the CFTC’s current Commitments of Traders reports.  Building upon our roots, the CFTC is currently working on a draft memorandum of understanding (MOU) with the USDA. The purpose is to strengthen collaboration efforts and information sharing between the two agencies to better serve all of our constituents, which are America’s farmers, ranchers, and agribusinesses.  We are also continuing to focus on ensuring there are markets available for a wide range of crops and products that producers need. Agriculture in America is diverse. The needs of cotton producers are different from livestock producers. A one-size-fits-all policymaking approach does not work, and my staff and I understand that.  That’s why engagement with the industry matters, and that’s why visits like the one we recently had in Florida are vital. I look forward to hopefully joining some of you on your farms, at your cotton gins, and at your businesses soon as well.  Between ongoing droughts, Brazil dumping products into our markets, cheap imports of synthetic fibers from Asia, and high input costs, I know it has been a tough year for many of you. Rest assured, the Trump administration and the CFTC realize the situation. If there are ways we can make your lives easier while still preserving market integrity and protecting participants, we will seriously consider them.  As I prepare to close, I want to reflect again on something I saw repeatedly during my recent farm tour. The balance between innovation and tradition is exactly what America, and farmers, do best. We do not move backward, but we also do not abandon the foundations that make us strong.  On the eve of our nation’s 250th birthday, we’re reminded that the future of agriculture will include technology, data analytics, modernized markets, and much more. But it will also continue to rely on hardworking Americans willing to wake up early, work the land, take risks, merchandise, and ship crops for not only our country, but the world. I’m proud the CFTC will continue working to ensure our markets support both innovation and the people at the heart of American agriculture.  Thank you.

S&P Global Market Intelligence’s Top 10 Most Shorted Stocks in the United States, calculated using our Securities Finance data set, follows.  The metric used to calculate the short interest is the percentage of outstanding shares on loan. *Please note: This was produced by S&P Global Market Intelligence, not S&P Global Ratings, which is a separately managed division of S&P Global.

Digital innovation is transforming finance, potentially enabling greater competition and efficiency in payment systems and financial intermediation. However, it also poses new macro-financial challenges and raises the broader question of how to preserve trust in money in the digital age. Stablecoins display some of tokenisation's potential to support faster, programmable payments. Their current form, however, falls short on key properties of money and has structural flaws. Widespread adoption could affect macroeconomic and financial stability. Advancing the future monetary system requires global coordinated efforts by policymakers along two main dimensions: tackling weaknesses in current stablecoin arrangements to mitigate risks and bringing the technological advances of tokenisation into the two-tier system. The path to the next-generation monetary and financial system lies in leveraging innovation to improve today's two-tier financial infrastructure, while safeguarding trust in money, the Bank for International Settlements (BIS) said today. A special chapter of the BIS's Annual Economic Report 2026 assesses evolving forms of financial architectures based on programmable platforms and different instruments that provide money-like functions. According to the BIS, financial innovation can deliver significant benefits when it is anchored in sound institutional arrangements, consistent legal frameworks and strong supervision. Bringing tokenisation – the digital representation of assets on programmable platforms – into the current financial system, where central banks provide the monetary anchor and commercial banks provide services to the public, can open new possibilities such as programmable payments.   By integrating digital innovation such as tokenisation into the existing financial architecture, authorities can shape the future of money, the economy and the financial system in the public interest while preserving trust. Achieving this will require domestic and international coordination and cooperation.   Pablo Hernández de Cos, BIS General Manager The report says that current stablecoin designs fall short in terms of the key properties that ensure trust in money – in particular singleness, or the ability to redeem different forms of money exactly at par in exchange for central bank money. Circulation on public, permissionless blockchains and features of their design introduce challenges for resilience against financial crime and redeemability and interoperability across ledgers. While their overall impact on economic growth could be modest, wider stablecoin adoption could usher in significant changes in bank funding and credit provision and potentially pose financial stability challenges. These effects depend on the composition of stablecoin reserves, how they are ultimately used and regulated, and how other parts of the system react. The chapter explores a range of stylised scenarios to illustrate potential ramifications. High global demand for stablecoins, which today are mostly denominated in US dollars, could also make capital flows more volatile and challenge monetary sovereignty in economies with relatively weaker fundamentals. Modernising the financial system will require global coordinated policy efforts on two fronts. In the near term, it is key to tackle the weaknesses of the current stablecoin architecture. The appropriate regulatory measures depend on whether stablecoins are used for payments at scale or confined mostly to use as investments.   The report outlines how this vision could bring technological innovation into the two-tiered system. A "unified ledger" that integrates different forms of tokenised money in the same venue could help harness the benefits of digital innovation while preserving trust in money. Correspondent banking provides an example: the Project Agorá prototype, a public-private partnership that brings together eight central banks and over 40 regulated institutions, showcases the potential to improve wholesale cross-border payments. It features a shared platform with a unifying ledger for tokenised commercial bank deposits and separate, jurisdiction-specific ledgers for tokenised central bank reserves. Background: The full BIS Annual Economic Report 2026 and the BIS Annual Report 2025/26 will be published on 28 June.

Warsaw Stock Exchange has published Current Report No. 10/2026 "List of shareholders holding at least 5% of the number of votes at the Ordinary General Meeting of the Warsaw Stock Exchange on 23 June 2026", which is available on its website https://www.gpw.pl/ri-current-reports.

Broadridge Financial Solutions, Inc. (NYSE: BR) today announced that Mark Nichols has joined the company as Co-President, Digital Assets, a move that reinforces Broadridge’s ongoing commitment to modernize financial market infrastructure and expand its digital asset capabilities. In his role, Nichols will spearhead Broadridge’s strategy, product development, and execution across the tokenization and digital asset arena, along with Co-President German Soto Sanchez.   “Digital assets are a critical part of the next generation of market infrastructure, and Broadridge is delivering a suite of solutions that support clients and investors in the trading and on-chain governance of tokenized securities with institutional grade scalability, accuracy, compliance, and workflows,” said Tim Gokey, CEO of Broadridge. “Mark’s combination of strategic vision, market infrastructure expertise, and deep knowledge of tokenization will help us accelerate those efforts and support the adoption of tokenized securities.”   Nichols joins Broadridge from Ernst & Young US LLP, where as a Partner, he co-led EY’s digital asset consulting business and led its market infrastructure consulting practice. Earlier in his career, he led product across FCM, collateral, and funding within Deutsche Bank’s fixed income business.   “Broadridge is uniquely positioned to help shape how digital assets are integrated into the financial system at scale given the important role it plays in supporting trading and governance,” said Mark Nichols, Co-President, Digital Assets at Broadridge. “I’m excited to help deliver innovative solutions that will better enable clients to scale and adapt to the future of on-chain finance and tokenization.”   About Broadridge’s Tokenization Solutions Broadridge enables on-chain proxy voting and governance, digital asset infrastructure including post trade, wallets and custody, and the scaling of digital asset capabilities across multiple asset classes. Through these innovations, Broadridge is helping financial institutions unlock the next era of digital assets investing.   Broadridge’s Distributed Ledger Repo (DLR) solution is the world’s largest institutional platform for settling tokenized real assets, tokenizing approximately over $365 billion a day. As tokenization gains momentum across financial services, Broadridge is meeting the complexity of operating across traditional and digital ecosystems with established scale, critical market knowledge, and technological expertise.

Capital.com today announced dual regulatory approval from South Africa's Financial Sector Conduct Authority (FSCA). The global financial group, which operates a technology-led trading platform, has been authorised as an Over-the-Counter Derivatives Provider (ODP) and Category 1 Financial Services Provider (FSP). The approvals establish Capital.com’s regulated operating framework in South Africa under FSCA supervision. Capital.com South Africa plans to onboard clients and provide access to contracts for difference (CFDs) across more than 5,000 markets, including equities, commodities, indices and foreign exchange, and to execute derivative transactions in accordance with South Africa's regulatory framework for derivatives providers. The licence also permits the offering of crypto CFDs under FSCA supervision. In parallel, Capital.com South Africa is authorised as a Category 1 FSP, allowing it to market and promote Capital.com locally as an approved financial services provider and to provide financial services and intermediary (non-advice) services for approved financial products, including shares and other investment products, subject to FSCA requirements. Commenting on the approvals, Valentina Rzheutskaya, Executive Director at Capital.com, said: “Operating under local regulatory supervision is fundamental to how we approach market entry. The FSCA approvals define the framework within which Capital.com is permitted to operate in South Africa, including the standards we must meet around governance, conduct and risk controls.” Capital.com has appointed Travis Robson as Chief Executive Officer for South Africa. Travis is a senior financial services executive with extensive experience building and running businesses within regulated financial services environments. His background includes establishing local governance structures, engaging with regulators, and overseeing regulated trading operations, making him well-placed to lead Capital.com's South African business. Travis Robson, CEO, South Africa, Capital.com, said: “Operating through a regulated local entity matters because it shapes the environment in which decisions are made. Our role is to ensure clients engage with markets within a framework that is governed, supervised and designed to prioritise clarity around risk. By operating under FSCA oversight, we are focused on providing access to markets in a way that supports informed decision-making.” The South Africa approvals follow Capital.com's recent regulatory authorisation by the Capital Markets Authority of Kenya, reflecting the group's approach to regulated market entry. Capital.com holds licences through regulated entities authorised by financial regulators including the UK Financial Conduct Authority, the Cyprus Securities and Exchange Commission, the Australian Securities and Investments Commission, the Securities Commission of The Bahamas, the UAE Capital Market Authority, the Bermuda Monetary Authority and the Capital Markets Authority of Kenya.

ETFGI reports Active ETFs assets Hit Record US$2.49 Trillion and Record Net Inflows of US$412 Bn YTD at the end of May. During May the actively managed ETFs industry globally gathered net inflows of US$100.08 billion, bringing year-to-date net inflows to US$411.75 billion, according to ETFGI's May 2026 Active ETF industry landscape insights report, an annual paid-for research subscription service. ETFGI, is a 14 year old leading independent research and consultancy firm renowned for its expertise in subscription research, consulting services, 6 annual ETFGI Global ETFs Insights Summits, and ETF TV on global ETF industry trends. (All dollar values in USD unless otherwise noted.) Highlights Assets invested in the actively managed ETF industry globally reached a new record of $2.49 trillion at the end of May, surpassing the previous high of $2.33 trillion in April 2026. Assets have increased 28.8% year-to-date, rising from $1.93 trillion at the end of 2025, reflecting strong and accelerating adoption of active ETF strategies. Actively managed ETFs gathered net inflows of $100.08 billion during May, highlighting continued investor demand. Year-to-date net inflows of $411.75 billion are the highest on record, significantly exceeding the $220.53 billion recorded in 2025, with $124.35 billion in 2024 representing the third-highest level. The industry has now recorded its 74th consecutive month of net inflows, underscoring the sustained structural shift toward actively managed ETF solutions globally. “The S&P 500 rose 5.26% in May and is up 11.27% year‑to‑date in 2026. Developed markets excluding the U.S. gained 5.20% during May and are up 15.33% year‑to‑date, with Korea (+28.71%) and Luxembourg (+20.50%) delivering the strongest returns among developed markets for the month.  Emerging markets increased by 3.77% in May and are up 11.44% year‑to‑date, led by Taiwan (+16.95%) and Peru (+11.75%), which recorded the highest gains among emerging markets in May.” According to Deborah Fuhr, Managing Partner and founder of ETFGI. Growth in assets in the actively managed ETFs industry as of end of May Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house. Note: “ETFs” are typically open-end index funds that provide daily portfolio transparency, are listed and traded on exchanges like stocks on a secondary basis as well as utilising a unique creation and redemption process for primary transactions. “ETPs” refers to other products that have similarities to ETFs in the way they trade and settle but they do not use a mutual fund structure. The use of other structures including grantor trusts, partnerships, notes and depositary receipts by ETPs can create different tax and regulatory implications for investors when compared to ETFs which are funds. The actively managed ETFs industry globally had 5,295 ETFs, with 7,265 listings, assets of $2.49 Tn, from 717 providers on 49 exchanges in 39 countries at the end of May. ETF providers Dimensional is the largest provider in terms of assets with $296.82 Bn, reflecting 11.9% market share; JP Morgan Asset Management is second with $291.38 Bn and 11.7% market share, followed by iShares with $168.64 Bn and 6.8% market share. The top three providers, out of 717, account for 30.4% of Global Active ETFs AUM, while the remaining 714 providers each have less than 6% market share.   Net Inflows Actively managed ETFs gathered net inflows of $100.08 billion during May, highlighting continued investor demand. Year-to-date net inflows of $411.75 billion are the highest on record, significantly exceeding the $220.53 billion recorded in 2025, with $124.35 billion in 2024 representing the third-highest level. Equity-focused actively managed ETFs gathered net inflows of $60.97 billion during May, bringing year-to-date inflows to $242.18 billion, significantly higher than the $124.28 billion recorded at the same point in 2025. Fixed income-focused actively managed ETFs reported net inflows of $26.12 billion in May, with year-to-date inflows reaching $136.73 billion, well above the $82.09 billion recorded in May 2025, reflecting continued strong demand for income and diversification. Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $37.89 Bn in May, the Roundhill Memory ETF (DRAM US) gathered $8.12 Bn alone. Top 20 actively managed ETFs by net new assets May 2026 Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house. Note: This report is based on the most recent data available at the time of publication. Asset and flow data may change slightly as additional data becomes available. Investors have tended to invest in Equity actively managed ETFs during May.

Global deal activity declined during the first five months of 2026, as dealmakers remained cautious. The total number of deals (mergers & acquisitions (M&A), private equity and venture capital (VC)) announced globally fell by around 7% during January-May 2026 compared to the same period in the previous year, according to GlobalData, a leading intelligence and productivity platform. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The decline reflects a more cautious environment for corporates and investors. The pullback was broad-based across deal types, regions and most countries, as buyers continued to weigh heightened execution risk. While overall sentiment remained subdued, select markets still showcased resilience.” An analysis of GlobalData’s Financial Deals Database reveals that the total number of M&A deals announced globally contracted by 10% during January-May 2026 compared to the same period in the previous year. Meanwhile, private equity deal volume was down by 13% year-on-year (YoY) during the same period, whereas VC funding activity proved comparatively resilient, slipping only 3% YoY. Regional trends show relative stability in North America, where deal volume was down just 1% YoY during January-May 2026, pointing to a steadier pipeline supported by deeper capital markets and sustained activity. By contrast, the total number of deals announced in the Asia-Pacific, Europe, Middle East and Africa, and South and Central America regions declined by 12%, 11%, 6%, and 22%, respectively, during January-May 2026 compared to January-May 2025, highlighting relatively higher volatility and sensitivity to risk sentiment in these regions. Deal activity across different markets remained a mixed bag, with notable divergences. The US, the top global market, held steady, with deal volume mostly remaining at the same level during the five-month period. China stood out with an 11% YoY increase in the number of deals, indicating improving momentum and a conducive deal-making. India and Israel were also among the markets that registered improvement in deal activity during the period. Elsewhere, several markets recorded a decline, including the UK and Canada (both down 5%) while some markets also registered much steeper declines. For instance, the total number of deals announced in Japan, Germany, Australia, France, South Korea, Brazil, and the UAE saw YoY declines of 41%, 13%, 20%, 15%, 23%, 34% and 26%, respectively. Note: Historic data may change in case some deals get added to previous months because of a delay in disclosure of information in the public domain.