ACY Securities Unveils LogixTrader, Signalling Milestone Towards IPO LeapRate

August 15, 2024 BY Leaprate Staff

ACY Securities Unveils LogixTrader, Signalling Milestone Towards IPO

LogixTrader offers a seamless, web-based trading experience across all devices which does not require users to download or install any applications to begin trading. The platform features a user-friendly interface and a range of innovative tools designed to provide traders of all levels with a competitive edge. Developing a proprietary trading platform is a rare…

August 14, 2024 BY Robert Bell

Avon Files for Bankruptcy Amid Cancer Lawsuits

API owns the Avon beauty brand in Europe and Latin America and is a subsidiary of the Brazilian company Natura. The North American operations are run by the South Korean company LG Household & Health Care, which isn’t involved in the current bankruptcy proceedings. API is said to have over $1bn in debt and has…

August 14, 2024 BY Elizabeth Anderson

Wolves Names Zero Markets As Its Official Trading Partner

This is Zero Markets’ first partnership in the European football arena, and it is also the first Australian partnership for Wolves. According to Wolves’ media statement, the broker shares its commitment to trust, integrity and professionalism, and this aligns it with the club’s “values and One Pack mentality”. Don’t miss out the latest news, subscribe…

August 14, 2024 BY Elizabeth Anderson

SEC Charges NovaTech With Crypto Fraud Exceeding $650m

Martin Zizi, Dapilinu Dunbar, James Corbett, Corrie Sampson, John Garofano and Marsha Hadley were also charged for allegedly promoting NovaTech. According to the financial watchdog, these parties raised more than $650m in virtual assets from over 200,000 investors across the globe by operating a multi-level marketing (MLM) and crypto asset investment programme between 2019 and…

August 14, 2024 BY Leaprate Staff

ATFX Launches Client Funds Insurance

“Your Fund's Security, Our Priority” ATFX prioritizes client funds' safety and security. With the launch of the ATFX Client Funds Insurance under the slogan “Your Fund’s Security, Our Priority,” clients can now trade with even greater confidence, knowing that an additional layer of protection protects their funds. This commitment to fund security sets ATFX apart…

August 13, 2024 BY Robert Bell

Burger King Boosted by UK Revenue Increase

Revenue rose by 30%, despite like-for-like sales showing a more modest 3% rise. The company put the revenue boost down to good cost management and growth in its real estate portfolio. 2023 saw 18 new Burger King restaurants open in the UK, with 10 more being refitted last year. Burger King’s UK operating profit rose…

August 13, 2024 BY Elizabeth Anderson

Universal Music Extends Its Licensing Agreement With Meta

In its press release, the world’s leading music label said that this agreement will create opportunities for its artists and songwriters to feature their music on Facebook, Instagram, Messenger, Horizon, Threads and WhatsApp – all platforms of Meta. According to a Reuters report, Universal Music represents industry giants such as Billie Eilish and Taylor Swift.…

August 13, 2024 BY Elizabeth Anderson

Chinese Government Bonds Plunge In Wake Of PBOC Intervention

Based on a Reuters report, 10-year treasury futures slipped by 0.6% to record the worst performance in about 17 months, while bond yields increased by approximately four basis points. The PBOC has repeatedly warned investors about their overinvestment in government bonds as they steer clear of China’s volatile stock options and drowning property market. The…

Bankman-Fried jailed ahead of his October trial

August 12, 2024 BY Robert Bell

FTX Ordered to Return $12.7bn to Customers

The Commodity Futures Trading Commission (CFTC) decided the compensation figure, making it the most significant recovery of this nature in its history. The Commission said it would look to get funds back to everyone affected by this massive fraudulent scheme. FTX went bust in 2022 during a price crash that saw the crypto market plunge…

August 12, 2024 BY Elizabeth Anderson

Tumultuous Week In Stock Trading Ends On Steadier Note

The S&P 500 experienced its worst Monday and best Thursday since 2022 on 5 and 8 August 2024 respectively, typifying the seesawing markets. Based on CNBC data, the 10-year treasury yield plunged below the 3.7% mark on Monday and ended the week hovering around 4%. In another unexpected Monday market surprise, the Chicago Board Options…