China to Stop Using Intel and AMD Chips in Government Devices LeapRate

March 25, 2024 BY Elizabeth Anderson

China to Stop Using Intel and AMD Chips in Government Devices

The country also wants to sidestep Windows, Microsoft Corporation’s (MSFT) widely used operating system, and other internationally produced database software. The guidelines reportedly stipulated that all government bodies above the “township level” must adapt their procurement criteria to ensure that they acquire only “safe and reliable” microchips and software. In December 2023, China’s Ministry of…

March 21, 2024 BY Simon Mugo

Broadridge Partners With Baader Bank AG on Regulatory Reporting

The partnership will see Baader Bank adopting Broadridge's advanced reporting platform to navigate the complex regulatory landscape of multiple jurisdictions, including MiFID, FinfraG, EMIR, and SFTR. Already a user of Broadridge's front and middle office solutions, Baader Bank provides its clients with diverse financial instruments, such as equities, bonds, derivatives, and ETFs. Ben Cooling, Broadridge's…

March 19, 2024 BY Simon Mugo

Robinhood Launches UK Operations Without Margin Trading

A Robinhood spokesperson told Reuters that margin trading was temporarily halted while ongoing discussions with regulatory authorities occur. Margin trading, which provides traders with leverage to amplify their market positions, carries a high risk due to the potential for significant losses if markets turn adverse. Initially, Robinhood had a webpage for its UK audience detailing…

January 22, 2024 BY Elizabeth Anderson

Kaspi.kz’s lukewarm market debut confirms investor caution

The Kazakhstan native’s shares topped the IPO price with 0.5%, giving the banking and fintech leader a value of $17.51bn. On the London Stock Exchange (LSE), where the company already trades, it has a value of over $19bn. On Thursday, 18 January 2024, a day before the company went public, investors increased their offering to…

January 18, 2024 BY Simon Mugo

MetaTrader 5’s Latest Build Adds Machine Learning, Improves Reporting

A vital feature of this update is the ability for users to export trading reports in both HTML and PDF formats directly from the platform. This enhancement allows traders to conveniently share their performance with peers and investors, utilising new export options in both the File and report menus. MT5 has also introduced the functionality…

January 18, 2024 BY Simon Mugo

eToro Launches Cutting-Edge Portfolio in Partnership With STRATxAI

The 'Cutting-Edge' portfolio features a selection of 15 US stocks, set for monthly rebalancing. This strategy aims to achieve risk-adjusted returns that surpass the S&P 500 benchmark, a goal supported by the STRATxAI backtest engine. This engine comprehensively reviews the performance of over 5,000 mid to large-cap US stocks from the past two decades, ensuring…

January 17, 2024 BY Simon Mugo

German Neobank N26 Starts Offering Stock Trading in Austria

The decision follows a surge in retail trading fueled by the COVID-19 pandemic, which led various mobile banking platforms, including the UK's Revolut, to incorporate stock and cryptocurrency trading features. N26 had previously launched crypto trading for some of its users towards the end of 2022. The move comes after the German financial watchdog BaFin…

January 09, 2024 BY Simon Mugo

Trade Republic Attracts 4 Million Customers by Its 5th Anniversary

The growth trajectory is a testament to the company's evolution since its inception in 2019 as a German brokerage firm. Its roots date back to 2015 when it operated under Neon Trading within a startup incubator. Trade Republic's journey began in earnest in 2019 when it opened its platform for commission-free trading to a select…

January 03, 2024 BY Simon Mugo

Interactive Brokers Reports a 23% Increase in Client Accounts

The firm's ending client equity surged to $426 billion, demonstrating an impressive 39% annual growth. Financially, Interactive Brokers saw positive trends in client assets and transactions. The company reported a 14% annual increase in client margin loan balances, totalling $44.4 billion, and a 10% rise in client credit balances to $104.5 billion. Furthermore, the brokerage…

January 02, 2024 BY Simon Mugo

US Fintech Firms Offer Fixed-Income Products to Retail Traders

Despite uncertainty about whether bonds will ignite the same excitement as stocks, these fintechs leverage high Federal Reserve interest rates to attract retail interest. They are introducing features akin to stock trading, including low-cost options, educational tools, user-friendly apps, and fractionalised investments. Public, for instance, has begun allowing customers to invest in smaller portions of…

Category: Fintech