Exness Leverages Centroid Bridge to Expand Liquidity Offering LeapRate

October 30, 2024 BY Sam Boughedda

Exness Leverages Centroid Bridge to Expand Liquidity Offering

By integrating Centroid Bridge into its operations, Exness said it aims to expand its reach to a wider audience of brokers while ensuring the highest standards of execution speed, stability, and reliability. Centroid Bridge, a multi-asset bridging system, is expected to enable Exness to efficiently distribute its "competitive and unique liquidity" to brokers globally. The…

October 29, 2024 BY Sam Boughedda

Robinhood Launches Election Event Contracts

The inaugural event contract will focus on the 2024 U.S. presidential election between Kamala Harris and Donald Trump. Event contracts allow traders to bet on a specific outcome. In the case of the 2024 election, users can purchase a contract for either Harris or Trump. If the chosen candidate wins, the contract will be worth…

October 29, 2024 BY Sam Boughedda

Hargreaves Lansdown AUA Rises Ahead of Acquisition

This was driven by positive market movements of £1.5 billion and net new business of £0.5 billion. The company, which agreed in August to be acquired by a private equity consortium for £5.4 billion, experienced net client growth of 18,000 in the quarter, primarily due to net new clients in SIPP, ISA, and Active Savings accounts.…

October 28, 2024 BY Sam Boughedda

Plus500 Delivers Solid Q3 Results as Revenue Rises 11%

Plus 500's revenue for the quarter increased by 11% to $187.3 million, while EBITDA rose 2% to $82.2 million. The company reported that customer income increased by 8% to $166.3 million in the quarter, up from $153.6 million in Q3 2023. The company also saw a 21% increase in new customers, reaching 24,922, and a 17% increase…

October 23, 2024 BY Sam Boughedda

BGC Group to Acquire OTC Global, Expanding Energy, Commodities, and Shipping Business

The move will significantly bolster BGC's Energy, Commodities, and Shipping (ECS) business and expand its global reach. OTC brings a wealth of expertise and a strong client base, with operations spanning North America, Europe, and Asia. The company offers a wide range of brokerage services, including crude and refined products, petrochemicals, natural gas, ship brokerage,…

October 23, 2024 BY Sam Boughedda

FINRA Fines Interactive Brokers $475,000

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…

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

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 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…

Category: Brokers