A proprietary or ‘prop’ trader is a broker or financial institution that targets direct market profits instead of claiming a cut of the trading activities of clients. Funded Engineer’s digital note indicated that the trader had failed to overcome its numerous financial challenges and plans to file for bankruptcy. The announcement, addressed to clients and…
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A day after HSBC partnered with Visa for a cross-border payment solution, the British financial services group is now working with Interactive Brokers. HSBC will use IBKR’s WorldTrader platform to allow its clients access to a single, feature-rich hub for trading. The new solution will provide customers with trading functionality worldwide. Interactive Brokers executive Steven…
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Republican congressmen Rich McCormick and French Hill want the US government to view Gambaryan as a hostage. The resolution states that he has been "wrongfully detained abroad" and that his current situation is a "clear violation of his rights and a grave injustice". Gambaryan is a US citizen. The move comes five months after Gambaryan…
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According to Reuters information, a report to this effect appeared in Financial News, a publication known to be supported by the People’s Bank of China (PBOC), China’s monetary policymaker. This comes after the PBOC raised the alarm and took steps to sell treasury bonds in an attempt to stymie the ongoing rally. On Friday 12…
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JP Morgan Wealth Management, a segment of JP Morgan Chase & Co. (JPM), indicated that the urban CPI decreased by 0.1%, making it the first month-over-month drop since May 2020. JP Morgan noted: The softer inflation data, coupled with June’s employment report which underscores a balanced labor market with signs of easing, are welcomed developments…
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Despite being a global top 10 most expensive stock on the S&P 500, TSLA sunk 1.6% lower in the US premarket trading this morning in New York after falling 8.4% yesterday afternoon. It broke its 11-day upward streak after announcing the postponement of its robotaxi project to October to allow teams to build additional prototypes.…
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The IACPM’s Aggregate Credit Default Index for Q2 2024 is minus 44.1, compared to the minus 36.5 recorded for this year’s Q1. Som-lok Leung, the IACPM’s executive director, said: Interest rates have stayed higher for longer and borrowers are beginning to feel the pinch, alongside the difficulties posed by continuing inflation. This survey shows that…
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The strong performance of its digital brokerage and custody solutions encouraged previous investors, including Lakestar and Creandum, to fund the next stage of its expansion. lemon.markets also attracted investment from CommerzVentures and Heliad, which will support the company on a technical level. In a statement, lemon.markets CEO Max Linden said that CommerzVentures showcased a “deep…
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This high-profile event delved into ATFX's foreign investment strategies in the Hashemite Kingdom of Jordan and the broader Levant region, emphasizing its meticulously planned blueprint for prosperous development. The ATFX Group not only demonstrated its strong determination to deepen its presence in the region but also vividly illustrated its selfless dedication to promoting regional economic…
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A day after HSBC partnered with Visa for a cross-border payment solution, the British financial services group is now working with Interactive Brokers. HSBC will use IBKR’s WorldTrader platform to allow its clients to access a single, feature-rich hub for trading. The new solution will provide customers with trading functionality worldwide. Don’t miss out the…
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