UK Government Plans to Curb BNPL Risks with Regulations LeapRate

October 18, 2024 BY Sam Boughedda

UK Government Plans to Curb BNPL Risks with Regulations

The move aims to protect consumers and ensure that BNPL providers operate fairly and responsibly. On Thursday, the UK government launched a consultation on draft legislation to regulate the BNPL market. The proposed regulations seek to provide consumers with clear information, prevent unaffordable borrowing, and establish strong consumer rights. The FCA welcomed the government's consultation…

October 18, 2024 BY Sam Boughedda

CME Group Launches New Australian Carbon Credit Futures

The new CBL Australian Carbon Credit Unit (ACCU) futures sawtotal of five contracts traded as a block between Freepoint Commodities and Mercuria on October 14, 2024, revealed CME. The new contract is designed to help clients manage the risks associated with carbon reduction strategies. "We are pleased to see industry interest and support for our new…

October 18, 2024 BY Sam Boughedda

Bank Rakyat Indonesia Partners with Nium to Boost Cross-Border Payments in Indonesia

The firm explained in a press release that the collaboration aims to provide BRI's customers with faster, more convenient, and cost-effective international money transfers. Through the partnership, BRI's 150 million customers will have access to a range of real-time payment options, including bank account transfers, card payments, and digital wallets. This is said to be…

October 17, 2024 BY Sam Boughedda

Robinhood to Add Cboe's Index Options to Platform

The move is expected to provide Robinhood customers with expanded trading opportunities and access to a wider range of investment products. Cboe's index options, including the S&P 500 Index (SPX), Cboe Volatility Index (VIX), Russell 2000 Index (RUT), and Mini SPX (XSP), offer investors the ability to gain exposure to the US market, hedge against…

October 17, 2024 BY Sam Boughedda

AJ Bell Reports Record Assets Under Administration

In a year-end trading update, the company reported record assets under administration (AUA) of £86.5 billion, up 22% from the previous year. Customer numbers also continued to grow, with an increase of 66,000 to close at 542,000. This represents a 14% growth in the year, which the investment platform said was driven by both advised…

October 17, 2024 BY Sam Boughedda

Interactive Brokers Opens Dubai DIFC Office

The new office aims to capitalise on the region’s growing financial services industry, providing investors in the UAE and GCC with access to Interactive Brokers’ global trading expertise. The company’s trading technology, competitive pricing, and diverse range of investment products are expected to appeal to active traders, high-net-worth individuals, and institutional investors in the region.…

Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution

October 16, 2024 BY Sam Boughedda

Danske Bank Adopts Broadridge's Proxy Voting Solution

The company explained in a press release that the strategic partnership aims to enhance the accuracy and speed of the proxy voting process, empowering Danske Bank's clients to make more informed investment decisions. Danske Bank states: "The Broadridge solution streamlines the proxy voting process and ensures greater accuracy and speed, enabling Danske Bank's clients to…

October 16, 2024 BY Sam Boughedda

Devexperts Appoints Ben Hurley as New CEO

Hurley, who replaces longtime CEO Michael Babushkin, brings over two decades of experience in innovation, business process optimisation, and product development to the role. Hurley has been with Devexperts since 2022 serving as Country Manager in Ireland. He has played a crucial role in reshaping the company's operations and driving its restructuring project. The company…

October 16, 2024 BY Sam Boughedda

TradingView Enhances Futures Data for SGX and ICE Futures Singapore

The enhancements aim to improve data visibility and accuracy, providing traders with deeper insights for more informed decision-making. One of the key updates introduces flexibility in choosing between the settlement price and the last price as the closing value on charts. TradingView explains that the settlement price, calculated at the end of the trading day,…

October 15, 2024 BY Sam Boughedda

ASIC Warns of 'Significant Increase' in Reports of Stolen Shares

The regulator explained in a release that fraudsters are impersonating individuals and stealing their shares, often leaving victims unaware until they receive unexpected notifications from share registries or the Clearing House Electronic Subregister System (CHESS). According to ASIC, there has been a significant increase in reports of stolen shares since August 2024. The regulator said…