Category: Forex

July 03, 2024 BY Elizabeth Anderson

CME Group Reports Record Q2 And June 2024 Statistics

June’s ADV numbers constituted an 8% year-over-year increase, while the Q2 activity reflected growth across all assets offered by this exchange. The annual comparative breakdown shows an 11% increase in US Treasury futures and options, with the 10-year yield ADV jumping by 78%. Analysts speculated that this elevated interest reflects the scepticism of traders about…

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July 03, 2024 BY Robert Bell

Revolut Keeping an Open Mind on IPO

As part of the annual report, Chief Financial Officer Victor Stinga said that the solid foundations that have been built will: Bring our financial processes in line with the standards expected from publicly listed companies. This was Revolut´s first annual report since 2020 in which it didn’t need to ask for an extension past the…

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July 02, 2024 BY Elizabeth Anderson

ASIC Calls On Financial Services To Update Records About Their Advisers

In its media release, ASIC said some issues related to qualifications and training courses where an 'approved' box was wrongly ticked. Errors included qualifications not lining up with the course descriptions, some marked as qualifications were professional designations, and others were bridging courses and not qualifications per se. Don’t miss out the latest news, subscribe…

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July 01, 2024 BY Elizabeth Anderson

Turkey’s Removal From Grey List Opens Doors To Global Investors

Turkey welcomed this decision and believes that it may instil confidence in international investors to consider possibilities in this country. When the FATF red flags a country or company, it affects foreign investment and the performance of policy-driving benchmarks such as consumer price indexes. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Analysts…

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July 01, 2024 BY Elizabeth Anderson

SEC Gets Green Light To Proceed With Majority Of Its Binance Charges

Media reports indicated that the SEC charged Binance and Zhao, better known as ‘CZ’, for mismanaging customer funds, deceiving investors and regulators, and transgressing security regulations. The company, a leading crypto exchange, and its former CEO challenged the charges, asking for the case to be dismissed. The SEC initially filed 13 charges. Judge Amy Berman…

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July 01, 2024 BY Robert Bell

Major Banks Suffer Online Banking Outages

The outage occurred on a date commonly used as a payday for many British workers. Many turned to social media sites like X to complain that they couldn’t access their bank accounts or make transactions on any device. For some customers, this was the second time in two months they’ve been left locked out of…

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June 28, 2024 BY Elizabeth Anderson

Amazon Exploring Discount Store To Compete With Chinese Startups

Analysts opined that this invitation-only event is an attempt to combat the rising competition from Chinese online shopping startups such as Temu and Shein. Both of these companies have gained traction among US consumers with their low prices on clothes, gadgets and other merchandise. Earlier this week, we reported on Shein’s IPO filing with the…

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Boots store
June 28, 2024 BY Robert Bell

Boots Profits Grow But US Store Closures Anticipated

The improved sales figure came across Boots’ pharmacy and retail activity until the end of May. Its overall sales growth slowed to 1.6%, with the store closures carried out in the last year said to be to blame. The brand now has 1,900 sites after 300 shops were closed recently. WBA’s next move is to…

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June 28, 2024 BY Elizabeth Anderson

PBoC Warnings Fall On Deaf Ears As Bond Investments Continue To Rise

This investment action triggered another spike in the country’s treasury futures while causing the long-term yields to hover on the edge of historic lows. Media reports indicated that people are preferring to invest in fixed-income options because banks keep decreasing the interest earned on savings products. Don’t miss out the latest news, subscribe to LeapRate’s…

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