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…
Read moreOptAxe 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…
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The new feeds are said to focus on enhancing spreads and optimising performance for aggregating brokers in the FX and precious metals markets. Designed to address the challenges faced by brokers in today's liquidity environment, the company said that XplorSkew and XplorSkewPlus leverage skewing to maximise the benefits of aggregation. GCEX explains that by compressing…
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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…
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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…
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In addition, the company revealed in a press release that it is proactively expanding its offerings to include other regulatory regimes and asset classes, such as the Canadian rewrite and the Hong Kong rewrite scheduled for later dates. “We anticipate that the regulatory wave will continue, and we are proactively working on behalf of our…
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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…
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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…
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The new CBL Australian Carbon Credit Unit (ACCU) futures sawtotal of five contracts traded as a block between Freepoint Commodities and Mercuria on October 14, 2024, revealed CME. The new contract is designed to help clients manage the risks associated with carbon reduction strategies. "We are pleased to see industry interest and support for our new…
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The firm explained in a press release that the collaboration aims to provide BRI's customers with faster, more convenient, and cost-effective international money transfers. Through the partnership, BRI's 150 million customers will have access to a range of real-time payment options, including bank account transfers, card payments, and digital wallets. This is said to be…
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