The multi-asset platform revealed the move during its global webinar, eToro Unlocked: Trade Without Boundaries, as part of its goal to make markets more accessible and responsive to investor needs. Users will now be able to trade 100 of the most popular US-listed stocks and ETFs around the clock during the working week, with plans…
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The move is expected to help clients better manage settlement risks and prepare for the transition to T+1 settlement cycles. The updated tool uses artificial intelligence to forecast the likelihood of timely settlement and estimate potential penalty costs. The firm explained that by analysing transaction details and historical settlement patterns, it can identify at-risk instructions…
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Downes is expected to lead the strategy, operations, and growth of the company’s pan-European multilateral trading facility. He has significant experience in electronic trading, having previously held senior roles at ITG and Virtu, where he served as Head of Electronic Trading Sales & Strategy and was a member of the Executive Committee. Downes began his…
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Under a memorandum of understanding, the UK-based bank will collaborate with Alibaba Cloud as its strategic partner for AI technologies, aiming to boost operational efficiency and enhance customer experience. The agreement will see the two firms co-develop AI-powered tools for customer service, sales intelligence, risk management, and compliance automation, while also promoting talent development through…
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FINRA stated that between July and September 2022, TradeStation issued promotional materials across its website, emails, and social media platforms that failed to clearly state that crypto assets were not offered through TradeStation itself but through an affiliated entity. The affiliate was not a FINRA member or registered broker-dealer. According to FINRA, some communications gave…
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The Luxembourg-based securitisation firm, which specialises in diversified investment offerings across Forex, equities, and precious metals, said in a press release that it will integrate Tauro Markets’ platform and research capabilities into its operations. The move follows Tauro Markets’ recent accolade as the “Most Trusted Multi-Asset Trading Broker UAE 2024” by International Business Magazine. “This…
Read moreThe move is aimed at accelerating the firm’s global expansion and strengthening its client-focused strategy. The appointment, effective from July 1, follows a strategic growth investment from TA Associates earlier this year. Montane, who will be based in New York, will oversee global sales and marketing, with a focus on expanding smartTrade’s presence in key…
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Microsoft is still holding its higher market cap compared to its main competitor, Apple, with $3.75 trillion against $3.02 trillion. Recently, Microsoft’s web-based platform “SharePoint” was hijacked, with Microsoft quickly reacting with patches to resolve the issue. As of today, there was no significant effect on the share price, but as the story unfolds, we…
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According to FINRA, the fine is related to private placement solicitations and telemarketing practices between May 2021 and December 2023. The Florida-based brokerage reportedly failed to establish, maintain and enforce adequate supervisory systems and written procedures to ensure compliance with securities laws and telemarketing rules. The firm was found to have violated FINRA Rules 3110,…
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In a release on Thursday, the firm said that excluding the treasury component, net revenue grew 10% year-on-year to €1.3 billion, slightly ahead of internal expectations. Operating costs rose 3% to €620 million, while EBITDA climbed 5% to €891 million. Stripping out the treasury result, EBITDA surged 19% to €684 million. Net income attributable to…
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