June 12, 2023 BY Alan Sayer

UBS Completes Credit Suisse Deal - Creates Wealth Management Powerhouse

The move by UBS to acquire Credit Suisse represents the most significant banking deal since the 2008 global financial crisis. Ermotti and Kelleher added that there are challenges but also "many opportunities" for employees, shareholders, clients, and Switzerland itself. The newly created banking giant will oversee $5 trillion of assets, meaning UBS will now take…

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Robinhood
June 12, 2023 BY Alan Sayer

Robinhood to End Support for Cardano, Polygon, and Solana

While the decision to end support for Cardano, Polygon, and Solana comes as part of the company's regular review, it also follows the three tokens being named as securities in the recent Securities and Exchange Commission (SEC) lawsuits against Binance and Coinbase. Currently, Robinhood offers users the ability to buy and sell 18 cryptocurrencies. However,…

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How cognitive biases hamstring effective trading
June 12, 2023 BY Alan Sayer

How Cognitive Biases Hamstring Effective Trading

Emotional decisions can lead to dire consequences, especially when trading. Impulsive buys and sells rarely stem from organised thought processes, and thus they can be compared to the haphazard spin of a slots reel. Trading psychology suggests people have three core responses when faced with challenges: flee, fight, or freeze. These knee-jerk reactions can prevent…

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June 12, 2023 BY Alan Sayer

Day Trading the ASX: Tips for Australian Traders

Successful day trading requires a combination of knowledge, skill, and discipline. Here's some advice to get started: Learn the basics: Before starting to day trade, it's necessary to have a solid understanding of financial markets and how they work, the types of assets available, and the factors that can impact prices. Develop a strategy: Successful…

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Acuity Trading Barcelona
June 09, 2023 BY Alan Sayer

Acuity Trading Announces Joe Neighbour as New Head of Retail

Before joining Acuity, Neighbour was Chief Investment Officer at Signal Centre, a company acquired by Acuity. Andrew Lane, CEO of Acuity Trading, commented: Joe's experience and expertise in retail trading will be invaluable as we continue to grow our business in these sectors. This appointment to Acuity's senior leadership team will ensure a steadfast focus…

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CMC markets
June 09, 2023 BY Alan Sayer

CMC Markets Acquires 33% Stake in Blockchain Business StrikeX Technologies

The companies will link up to combine StrikeX's expertise in tokenisation and self-custody technologies and CMC's extensive experience in financial services. In addition, CMC Markets will gain access to the latest blockchain-related products and services, allowing it to leverage the technology for its customers over the longer term. CMC added that the "arm's length investment"…

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Crypto firms in the UK are abandoning their FCA registration
June 08, 2023 BY Alan Sayer

FCA to Launch New Crypto Rules, Bans Incentives

The FCA said in its policy statement: Even when the financial promotions regime comes into force, cryptoassets will remain high risk and largely unregulated. Consumers should only invest in cryptoassets if they understand the risks involved and are prepared to lose all their money. Consumers should not expect protection from the Financial Service Compensation Scheme…

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advanced markets x brokeree
June 07, 2023 BY Alan Sayer

Advanced Markets and Brokeree Solutions Team-Up to Enhance Liquidity and Trading Services

Anya Aratovskaya, VP Institutional Sales at Advanced Markets stated: We're excited to partner with Brokeree Solutions to offer our clients enhanced liquidity and trading services." Andrey Kamyshanov, Co-Founder and Managing Partner at Brokeree Solutions, added: We are delighted to partner with Advanced Markets and merge our Prime-of-Prime Liquidity with their innovative Liquidity Bridge. This collaboration…

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