ESMA Opens Consultation On Order Execution Policies Under MiFID II LeapRate

July 17, 2024 BY Elizabeth Anderson

ESMA Opens Consultation On Order Execution Policies Under MiFID II

This call came on Tuesday 16 July 2024, and the financial watchdog indicated that financial institutions and investment platforms have until 16 October 2024 to comment on the proposed amendments. Investment firms must specifically address the classification of financial instruments in terms of which they execute client orders. These companies must also indicate how they…

July 16, 2024 BY Elizabeth Anderson

Trump Stock Soars After Attempted Assassination

DJT-associated stocks, such as the Rumble (RUM) video platform, also experienced an uptick on Monday. Media reports described the attempted assassination as a “seismic event in political terms”, and the incident inevitably caused aftershocks that affected financial markets. Both sides of the aisle are weighing in on the lasting effects of the Donald Trump shooting.…

July 16, 2024 BY Elizabeth Anderson

Prop Trader Funded Engineer Ends Operations

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…

Binance seeks to curb SEC’s hunt for “fraud”

July 15, 2024 BY Elizabeth Anderson

US Lawmakers Want Binance Exec Freed from Nigerian Prison

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…

July 15, 2024 BY Elizabeth Anderson

Institutions Grabbing Government Bonds Are Hobbling Chinese Economy

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…

July 15, 2024 BY Elizabeth Anderson

Bond Brokers Positive About Substantial US Rate Cut In September

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…

July 12, 2024 BY Elizabeth Anderson

Portfolio Managers Foresee A Rise In Defaults During Q3

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…

July 12, 2024 BY Elizabeth Anderson

German brokerage lemon.markets secures €12m in funding

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…

July 11, 2024 BY Elizabeth Anderson

HSBC Partners with IBKR for New Global Asset Trading Platform

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…

Category: Forex