With the emerging new requirements in the investment ecosystems, it is important for brokerages to keep up with the digital age. Software company Devexperts in cooperation with Turkish broker Global Securities released a number of updates for the BayGlobal trading platform. Users on BayGlobal can now listen to live broadcasts of Global’s financial analysts. Every episode of Global’s podcasts is recorded and made available for users in audio or video formats on the mobile app or web platform. Among the popular video series are Global Weekly Outlook, Global Companies Outlook, Trading Academy, and platform tutorial.
BDSwiss revealed a new partnership with provider of international payment services PayPugs. With the continued demand for BDSwiss’ online trading products and services , the company also found an increasing need for solid options for fast, seamless and cross-border solutions that give clients flexibility when it comes to their deposits and withdrawals. Through the latest collaboration with PayPugs, BDSwiss is looking to expand its payment options arsenal with a fully integrated digital payment solution.
Tiktok banned the advertisement of various financial services products such as investments and cryptocurrency, the Financial Times recently reported. The social media platform’s branded content policy states that the promotion of all financial services and products is now globally prohibited. Tiktok said that the banned products include lending and management of money assets, crypto, forex, pyramid schemes, investment services and get rich quick schemes and others.
Skrill, part of specialised payments company Paysafe, revealed the addition of 20 new cryptocurrencies to its digital wallet for its customers to buy and sell. With the new additions, the total number of available cryptocurrencies is 35 for customers based outside of the US. The new crypto additions are available within NETELLER, another of Paysafe’s digital wallets. Following Skrill’s expansion into the US in March 2021, the company has launched its cryptocurrency buy and sell service in 11 additional US states and territories bringing the total number to 48.
IS Prime, part of the ISAM Capital Markets Group, announced creating a new spread index swap offering which allows the Group’s clients to trade indices and oil with variable spreads. The new addition to the company’s offering provides clients with competitive pricing and more accurately reflects the market conditions and available liquidity in these products. Part of the Group’s broader strategy to launch a range of new products, the new launch adds further value to brokers, hedge funds and professional trader clients.
The European Securities and Markets Authority (ESMA) has launched seven public consultations to and is looking for stakeholder feedback on implementation of its central counterparty (CCP) recovery mandates. CCPs provide essential services for the financial market. They are financial institutions which take on counterparty credit risk between transaction participants and provide clearing and settlement services for trades in foreign exchange, securities, options, and derivative contracts.
RoboMarkets has revealed the extension of its partnership with BMW M Motorsport. The European investment services provider remains official partner of BMW M Motorsport for the BMW M2 Cup and the 24-hour Nürburgring race in 2021. The DTM is changing the race rules this year and there will no longer be works teams in the series. BMW M2 Cup was introduced by BMW M Motorsport in cooperation with tolimit for the first time in 2021 to give up-and-coming drivers a chance to compete on the stage of the DTM and demonstrate their skills.
