Bank of America Extends Guaranteed FX Rates to One Year LeapRate

October 21, 2024 BY Sam Boughedda

Bank of America Extends Guaranteed FX Rates to One Year

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…

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 18, 2024 BY Sam Boughedda

UK Government Plans to Curb BNPL Risks with Regulations

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…

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…

October 17, 2024 BY Sam Boughedda

Interactive Brokers Opens Dubai DIFC Office

The new office aims to capitalise on the region’s growing financial services industry, providing investors in the UAE and GCC with access to Interactive Brokers’ global trading expertise. The company’s trading technology, competitive pricing, and diverse range of investment products are expected to appeal to active traders, high-net-worth individuals, and institutional investors in the region.…

Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution

October 16, 2024 BY Sam Boughedda

Danske Bank Adopts Broadridge's Proxy Voting Solution

The company explained in a press release that the strategic partnership aims to enhance the accuracy and speed of the proxy voting process, empowering Danske Bank's clients to make more informed investment decisions. Danske Bank states: "The Broadridge solution streamlines the proxy voting process and ensures greater accuracy and speed, enabling Danske Bank's clients to…

October 16, 2024 BY Sam Boughedda

TradingView Enhances Futures Data for SGX and ICE Futures Singapore

The enhancements aim to improve data visibility and accuracy, providing traders with deeper insights for more informed decision-making. One of the key updates introduces flexibility in choosing between the settlement price and the last price as the closing value on charts. TradingView explains that the settlement price, calculated at the end of the trading day,…

October 14, 2024 BY Sam Boughedda

EBC Financial Group Boosts Liquidity and Cuts Trading Costs on Major Stock Indices

The company said in its announcement on Friday that the move comes as global stock markets continue to rebound, driven by fresh capital inflows, increased IPO activity, and market corrections. EBC's liquidity enhancements are designed to provide investors with optimised, efficient trading across all global sessions, allowing them to capitalise on opportunities in the current…

October 14, 2024 BY Sam Boughedda

GCEX Unveils Enhanced Market Data Feed and Improved CFD Product

The company explained in a press release that the market data feed provides clients with real-time access to a wide range of financial instruments, including equity index CFDs, energy CFDs, commodity CFDs, crypto CFDs, spot crypto, spot FX, and bullion. The enhanced CFD product is said to offer market-leading spreads on major indices and commodities,…

Category: Forex