Last Week Recap: Updates on Gotrade, NYSE, FINRA, FCA, XTB, DBS and Fiserv

Fazzaco continued extensively covering the latest trends in forex, crypto, fintech, and prop trading last week. The below is the selected highlights of last week.

Gotrade Expands Into Options Trading to Reach Southeast Asia’s 22 Million Retail Investors

Gotrade, a Malaysia-based investing app, has introduced options trading to its mobile platform, extending its collaboration with U.S. brokerage infrastructure provider Alpaca. The move aims to attract more retail investors across Southeast Asia, where access to derivatives has traditionally been limited.

NYSE Moves Ahead With Solana and Litecoin ETF Listings Amid SEC Shutdown

The New York Stock Exchange (NYSE) has posted listings for several new cryptocurrency exchange-traded funds (ETFs) — including products tied to Solana and Litecoin — despite an ongoing U.S. government shutdown that has stalled most operations at the Securities and Exchange Commission (SEC).

FINRA Fines BofA Securities $155,000 for Trade-Through Compliance Violations

BofA Securities, Inc. has agreed to pay a $155,000 fine and accept a censure following a settlement with the Financial Industry Regulatory Authority (FINRA) over multiple trade-through compliance issues.

UK Lifts Retail Ban on Crypto ETNs, Reopening Regulated Access to Bitcoin and Ether

Britain has lifted its four-year ban on crypto exchange-traded notes (ETNs), allowing retail investors to gain regulated exposure to digital assets such as bitcoin and ether for the first time since 2021.

XTB May Exit Brazil Months After Securing License, Citing Protectionist Measures

Polish brokerage XTB is reconsidering its expansion into Brazil less than a year after obtaining regulatory approval, blaming protectionist policies that have made it difficult for foreign firms to compete.

DBS and Goldman Sachs Announce First OTC Crypto Options Trade

Two major financial institutions, Singapore's DBS and Wall Street giant Goldman Sachs, have reportedly completed what they describe as the first over-the-counter (OTC) options trade involving cryptocurrencies. The trade involved cash-settled Bitcoin and Ether options.

Fiserv Shares Plummet 43% After Missing Q3 Earnings and Cutting Outlook

Fiserv shares experienced their steepest one-day decline on record, plunging 43% on Wednesday after the payments technology company reported disappointing third-quarter results and lowered its growth outlook for the second consecutive quarter.