BGC Group to Acquire OTC Global, Expanding Energy, Commodities, and Shipping Business LeapRate

October 23, 2024 BY Sam Boughedda

BGC Group to Acquire OTC Global, Expanding Energy, Commodities, and Shipping Business

The move will significantly bolster BGC's Energy, Commodities, and Shipping (ECS) business and expand its global reach. OTC brings a wealth of expertise and a strong client base, with operations spanning North America, Europe, and Asia. The company offers a wide range of brokerage services, including crude and refined products, petrochemicals, natural gas, ship brokerage,…

October 23, 2024 BY Sam Boughedda

FINRA Fines Interactive Brokers $475,000

According to a FINRA Letter of Acceptance, Waiver, and Consent (AWC), Interactive Brokers made errors in calculating the number of excess shares of stocks listed on European exchanges it had available to return to customers. This resulted in over 800 instances where the firm returned borrowed shares prematurely, causing them to fall into a segregation…

Swissquote’s net profit for H1 2020 more than doubles to CHF 50.4 million

October 22, 2024 BY Sam Boughedda

Swissquote Adds Fractional Share Trading to Platform

Integrated into the Swissquote platform, it aims to offer greater accessibility for investors looking to diversify their portfolios. In addition to introducing fractional share trading, Swissquote also revealed it has rolled out a savings plan feature. The company explained that with this tool, users can automatically invest small amounts into selected stocks or exchange-traded funds…

October 21, 2024 BY Sam Boughedda

Robinhood Expands UK Offerings with Margin Investing

The new feature allows customers to borrow money from Robinhood to purchase additional securities, leveraging their existing holdings as collateral. The new feature comes after the product's recent approval following Robinhood's recent discussions with the UK financial regulator, the Financial Conduct Authority (FCA). With rates starting at 5.2%, Robinhood said it aims to provide UK…

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.…

October 14, 2024 BY Sam Boughedda

EBC Financial Group Boosts Liquidity and Cuts Trading Costs on Major Stock Indices

The company said in its announcement on Friday that the move comes as global stock markets continue to rebound, driven by fresh capital inflows, increased IPO activity, and market corrections. EBC's liquidity enhancements are designed to provide investors with optimised, efficient trading across all global sessions, allowing them to capitalise on opportunities in the current…

October 14, 2024 BY Sam Boughedda

GCEX Unveils Enhanced Market Data Feed and Improved CFD Product

The company explained in a press release that the market data feed provides clients with real-time access to a wide range of financial instruments, including equity index CFDs, energy CFDs, commodity CFDs, crypto CFDs, spot crypto, spot FX, and bullion. The enhanced CFD product is said to offer market-leading spreads on major indices and commodities,…

October 04, 2024 BY Sam Boughedda

Interactive Brokers to Introduce Forecast Contracts on Election Outcomes

The contracts debuted on Thursday evening through the ForecastEx exchange, allowing investors to hedge against political volatility or capitalise on their political insights. Forecast Contracts enable investors to take positions on major U.S. political events, such as the 2024 Presidential Election and key Senate races. Examples include contracts on whether Kamala Harris or Donald Trump…

Category: Brokers