Reportedly, Ma, who had a $24.6bn net worth as of 23 January, forked out $50m for his company’s Hong Kong traded stock. The same report also indicated Tsai used his Blue Pool Management family enterprise to buy around $151m of Alibaba’s US-traded stock. According to Reuters, the Chinese business magnate’s media management division, the Jack…
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ATFX to Relocate to a Larger Office in Sydney, Reflecting Company Growth ATFX is preparing to relocate to a more spacious office in Sydney in the upcoming second quarter as a testament to its ongoing expansion. This move symbolises the company's continuous growth and its dedication to delivering superior trading services to its clientele. Joe…
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The central strategy of MetaTrader 5 is to smoothly guide users from their first engagement, such as clicking a promotional banner, to executing their first trade. This is achieved by integrating functionalities that confirm contact details and allow the creation of both demo and preliminary real accounts within the platform. Now, users can verify their…
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The SEC determined that an unauthorised party had transferred a SEC mobile phone number linked to the X account in question onto another device. This act, although not an uncommon cyber theft act, left the market questioning the SEC’s security. After the post, bitcoin’s market price decreased from approximately $48,000 to $45,5000, a fall of…
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Established in 2005, FP Markets has held the title for Best Global Forex Value Broker for five consecutive years and provides over 10,000 tradable instruments across key asset classes to users worldwide. It works to aggregate pricing across top-tier liquidity providers and offers various Account Types to suit all levels of trading. The partnership works…
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The most important economic data for this week are: Tuesday: BoJ Interest rate decision at 03:00 AM GMT. The market consensus is that the rates will remain static at -0.1%, while in the unlikely scenario any shift away from this figure will most certainly create volatility in the yen pairs. Japanese Balance of trade at…
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The organisation’s shares plummeted 24% after news hit the airwaves that CFO, Vikram Luthar, was placed on administrative leave as the firm investigates alleged accounting malpractices in its Nutrition division. Reportedly, after a US Securities and Exchange Commission (SEC) voluntary document request, ADM sliced its 2023 profit predictions and announced the delay of the publication…
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Under Basel III, an international regulatory reform created by the Basel Committee on Banking Supervision, stricter regulations are now finalised to bolster the regulation, supervision, and risk management of banks to avoid a repeat of the 2007 to 2009 global financial crisis. US banks have, however, been contesting these rules for months, claiming they will…
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Kurt vom Scheidt, OANDA's Chief Operating Officer, stated: “Our program aims to empower adept traders by providing them with seamless access to global financial markets and a diverse array of asset classes.” He emphasised the company’s commitment to enabling traders to thrive in the financial markets. Prospective traders at OANDA must complete an assessment test,…
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Tamas Szabo, CEO of Pepperstone, commented on the partnership, highlighting the alignment in ambition and dedication to success between the two entities. He drew parallels between strategic thinking in trading and sports, emphasising the ability to thrive amid challenging situations. The AFC Asian Cup is a leading football tournament in Asia, organised by the AFC,…
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