Author: Desmond Brooks
Desmond Brooks
Desmond Brooks is a skilled financial strategist with a keen eye for market analysis and trading opportunities. With a solid foundation in finance and a passion for economic trends, Desmond provides clear, actionable insights that help traders navigate the complexities of the market. He has contributed to several financial platforms, where his expertise in strategic planning and risk management has made him a trusted voice in the trading community.
FXGT.com has introduced two new trading platforms, FXGT App and FXGT.com Trader, designed to improve user experience on both mobile and desktop. The mobile app is available on iOS and Android through the App Store and Google Play, while the desktop platform is accessible via any internet browser, providing users with versatile options to access global markets. Mobile and Desktop Accessibility FXGT.com’s latest offerings allow traders to manage their portfolios on the go. The mobile app includes a one-click trade feature, enabling quick order execution especially valuable in fast-moving markets. The app also supports multiple languages, appealing to a diverse…
The Bank for International Settlements (BIS) has announced its decision to exit the mBridge cross-border payment project, a blockchain-based CBDC initiative led by China. This project, launched in 2021, aimed to expedite and improve transparency in cross-border payments through wholesale central bank digital currencies (wCBDCs). BIS Steps Back as mBridge Progresses Agustín Carstens, General Manager of BIS, revealed the decision at the Santander International Banking Conference, explaining that BIS’s departure signals the project’s successful progress rather than political reasons. Carstens emphasized that BIS is stepping back because the central banks involved, including China, Hong Kong, Thailand, the UAE, and more…
TradingView has announced the integration of ThinkMarkets services into its mobile app, now offering traders mobile access to currency pairs, stocks, and commodities. This update enhances the flexibility for CFD traders, who can now execute trades directly from their mobile devices. ThinkMarkets Now Accessible on TradingView Mobile Previously available only on desktop, ThinkMarkets’ services on TradingView have now been expanded to mobile users, allowing traders to access contracts for difference (CFDs) across a range of assets. With this integration, ThinkMarkets clients can engage in trading on the go, offering improved accessibility and convenience. Improving Trading Flexibility and Market Reach This…
Swiset, a leader in trading analytics, has acquired Proprietary Firms Tech (PFT), enhancing its offerings for proprietary trading firms with AI-driven solutions that optimize decision-making and risk management. This acquisition merges Swiset’s advanced analytics with PFT’s specialized prop trading infrastructure, creating a platform designed to support traders of all experience levels. AI Integration for Enhanced Trading With the integration of Swiset’s AI technology, PFT’s platform will now offer sophisticated analytics and improved operational intelligence, allowing prop firms to better manage risk and assess trader performance. According to Andres Jimenez, COO of Swiset, the trading industry has been evolving toward integrating…
Foresight Ventures, a prominent investment firm specializing in Web3 and blockchain projects, has announced a strategic partnership with Deep Blue, a new Jersey-based stablecoin issuance platform, and Arta TechFin Corporation Limited (HKSE: 0279), a Hong Kong-listed financial services and blockchain development firm. This collaboration aims to drive growth in the Stablecoin and Real-World Asset (RWA) sectors, bridging traditional finance with the emerging blockchain economy. Expanding the Stablecoin and RWA Ecosystem Deep Blue, known for its secure and versatile stablecoin issuance platform, brings together expertise from both digital assets and traditional finance. This partnership will allow users to leverage Deep Blue’s…
B2Broker, a leading provider of technology and liquidity solutions for the Forex and crypto markets, has introduced significant updates to its B2CORE CRM and back-office platform. These updates include the latest 16th version release of B2CORE, a new Android app, and enhanced features for its iOS app. Enhanced Usability, Security, and Analytics in B2CORE Update With the latest B2CORE release, B2Broker has improved usability, added security features, and integrated advanced analytics tools. The new version provides cTrader clients with the ability to manage bonus programs directly in the B2CORE Back Office, allowing businesses to customize bonus amounts, duration, and applicable…
Australian-based forex and contracts for differences (CFDs) broker AUS Global has taken a significant step in its Middle East expansion, securing a Category 5 license from the Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE). This new license highlights the firm’s focus on establishing a strong presence in the region. In an announcement translated from Arabic, AUS Global stated, “This milestone strengthens our commitment to providing secure and innovative trading solutions worldwide.” Operating Under Multiple Licenses With the addition of the UAE license, AUS Global now operates under regulatory approvals from authorities in Australia, Cyprus, South Africa,…
Proprietary trading firm Goat Funded Trader (GFT) has announced a temporary suspension of live trading accounts during the U.S. presidential election period, from November 5 to 6, as a precautionary measure against anticipated market volatility. Election-Driven Trading Halt and Cautionary Measures GFT informed its clients via social media that trading on all live accounts would be disabled from November 5, 5 pm UTC, until November 6, 1 pm UTC. This step aligns with common industry practices where firms limit trading during high-risk events to manage extreme price fluctuations. GFT has advised clients to close all open positions in live simulated…
easyMarkets has reported significant growth in trading volumes for Q3, driven by shifts in global markets that spurred heightened activity among traders. Key contributors to this growth were the USDJPY currency pair and the NASDAQ index, which saw robust demand amid changing economic conditions. USDJPY Spikes After Bank of Japan’s Rate Hike The standout performer for easyMarkets in Q3 was the USDJPY currency pair, which recorded a remarkable 98% increase in trading volume over the previous quarter. This surge was largely fueled by heightened interest in Yen pairs following the Bank of Japan’s unexpected decision to raise interest rates for…
FP Markets has announced a new partnership with trading signal provider xsee, aimed at enhancing the trading experience for retail investors. This collaboration allows FP Markets’ clients to access xsee’s data driven trading signals directly within their trading accounts, meeting the growing demand for reliable, actionable insights in retail trading. Enhancing Trading with Data-Backed Signals As retail investors increasingly seek tools that provide strategic insights, FP Markets’ integration with xsee delivers a streamlined solution. Through the FP Markets platform, clients can now view and utilize trading signals from xsee, which undergo a thorough vetting process to ensure reliability. Each signal…