OptAxe Gains FCA Authorisation For FX Options Multilateral Trading Facility LeapRate

October 22, 2024 BY Sam Boughedda

OptAxe Gains FCA Authorisation For FX Options Multilateral Trading Facility

OptAxe explained in a press release that it aims to address the inefficiencies and fragmentation of the current FX options market by providing a centralised platform for liquidity discovery, dissemination, and execution. "OptAxe offers an innovative and automated approach to FX options trading that digitises and centralises the distribution of FX options axes," the company…

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

Bank of America Extends Guaranteed FX Rates to One Year

The strategic solution is said to be aimed at helping companies manage currency fluctuations and simplify treasury management processes. The extension of guaranteed FX rates follows a significant increase in cross-border payments, driven by growth in industries like e-commerce, services, manufacturing, and the gig economy. BofA explained that in recent years, the volume and value…

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 18, 2024 BY Sam Boughedda

UK Government Plans to Curb BNPL Risks with Regulations

The move aims to protect consumers and ensure that BNPL providers operate fairly and responsibly. On Thursday, the UK government launched a consultation on draft legislation to regulate the BNPL market. The proposed regulations seek to provide consumers with clear information, prevent unaffordable borrowing, and establish strong consumer rights. The FCA welcomed the government's consultation…

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.…

Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution

October 16, 2024 BY Sam Boughedda

Danske Bank Adopts Broadridge's Proxy Voting Solution

The company explained in a press release that the strategic partnership aims to enhance the accuracy and speed of the proxy voting process, empowering Danske Bank's clients to make more informed investment decisions. Danske Bank states: "The Broadridge solution streamlines the proxy voting process and ensures greater accuracy and speed, enabling Danske Bank's clients to…

October 16, 2024 BY Sam Boughedda

TradingView Enhances Futures Data for SGX and ICE Futures Singapore

The enhancements aim to improve data visibility and accuracy, providing traders with deeper insights for more informed decision-making. One of the key updates introduces flexibility in choosing between the settlement price and the last price as the closing value on charts. TradingView explains that the settlement price, calculated at the end of the trading day,…

Category: Forex